ACTIVE

MAPUM

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Financial year 2025 · closed on 31/12/2025

Net result

696,3 €

-81.0% YoY

Gross margin

8,8 k €

-3.1% YoY

Equity

123,7 k €

+0.6% YoY

What does MAPUM do?

MAPUM is a Public limited company incorporated in 1989. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.604.414

Incorporation

30/05/1989

Legal form

Public limited company

Registered office

Avenue des Petits Champs 15
1410 Waterloo · WallonieSee on map

Contributed capital

183 441,21 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	8,8 k €	-3.1%	9,1 k €	+15.1%	7,9 k €	+0.9%	7,8 k €	-2.9%	8,1 k €	-7.9%	8,8 k €	+22.4%	7,2 k €	-36.3%	11,2 k €	+103%	5,5 k €	+338%	-2,3 k €	+27.9%	-3,2 k €	-2277%	-135,5 €	-130%	448 €	+453%	81 €	-95.6%	1,8 k €	-30.8%	2,7 k €	+332%	-1,1 k €	-574%	-170 €	-108%	2,2 k €
EBITDA	6,1 k €	-2.6%	6,2 k €	+23.6%	5 k €	-17.4%	6,1 k €	+7.4%	5,7 k €	-19.8%	7,1 k €	+36.6%	5,2 k €	-35.6%	8 k €	+151%	3,2 k €	+190%	-3,6 k €	+27.7%	-4,9 k €	-194%	-1,7 k €	-53.7%	-1,1 k €	+60.5%	-2,8 k €	-1104%	274 €	-74.9%	1,1 k €	+141%	-2,7 k €	-101%	-1,3 k €	-238%	957 €
Operating result	2,8 k €	-4.4%	2,9 k €	+70.4%	1,7 k €	-26.8%	2,3 k €	-15.7%	2,7 k €	-16.7%	3,3 k €	+136%	1,4 k €	-67.3%	4,3 k €	+832%	-583 €	+83.6%	-3,6 k €	+27.7%	-4,9 k €	-18.6%	-4,2 k €	-16.4%	-3,6 k €	+31.8%	-5,2 k €	-137%	-2,2 k €	-59.0%	-1,4 k €	+73.0%	-5,1 k €	-35.2%	-3,8 k €	-150%	-1,5 k €
Net result	696,3 €	-81.0%	3,7 k €	+66.7%	2,2 k €	+176%	797,9 €	-70.4%	2,7 k €	-17.4%	3,3 k €	+139%	1,4 k €	-67.0%	4,1 k €	+1059%	-430,9 €	+88.0%	-3,6 k €	+27.4%	-4,9 k €	-18.7%	-4,2 k €	-16.4%	-3,6 k €	+31.7%	-5,2 k €	-120%	-2,4 k €	-55.8%	-1,5 k €	+71.0%	-5,2 k €	-34.0%	-3,9 k €	-137%	-1,6 k €
Balance sheet
Equity	123,7 k €	+0.6%	123 k €	+3.1%	119,3 k €	+1.9%	117,1 k €	+0.7%	116,3 k €	+2.4%	113,7 k €	+5.6%	107,6 k €	+1.3%	106,2 k €	+4.0%	102,1 k €	-0.4%	102,5 k €	-3.4%	106,1 k €	-4.4%	111 k €	-3.6%	115,2 k €	-3.0%	118,8 k €	-4.2%	124 k €	-1.9%	126,4 k €	-1.2%	127,9 k €	-3.9%	133,1 k €	-2.9%	137 k €
Total assets	166,8 k €	+0.7%	165,6 k €	+4.5%	158,5 k €	+0.7%	157,4 k €	+1.5%	155,1 k €	+0.2%	154,8 k €	+3.9%	148,9 k €	-7.2%	160,4 k €	+2.6%	156,4 k €	+2.1%	153,1 k €	+4.3%	146,8 k €	+10.3%	133,1 k €	+0.5%	132,4 k €	+0.5%	131,8 k €	+0.4%	131,3 k €	-0.5%	132 k €	-0.3%	132,4 k €	-1.9%	134,9 k €	-3.1%	139,2 k €
Cash	46,9 k €	+10.6%	42,5 k €	+23.6%	34,3 k €	+14.8%	29,9 k €	+25.4%	23,9 k €	+16.1%	20,6 k €	+188%	7,1 k €	-52.0%	14,9 k €	+110%	7,1 k €		–		–		–		–		–		–		–		–		54 €	+12.5%	48 €
Debts	43,1 k €	+1.1%	42,6 k €	+8.8%	39,2 k €	-2.8%	40,3 k €	+3.8%	38,8 k €	-5.7%	41,1 k €	-0.5%	41,3 k €	-23.8%	54,2 k €	+5.8%	51,2 k €	+11.4%	46 k €	+44.1%	31,9 k €	+142%	13,2 k €	+1.0%	13,1 k €	+0.0%	13,1 k €	+78.3%	7,3 k €	+29.2%	5,7 k €	+100%	2,8 k €	+66.0%	1,7 k €	-18.4%	2,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

JOE VERBOGEN

Manager

Active

Ended mandates

SEVERIN VERBOOGEN

Managing director · since 03 mai 2016 · until 31 mai 2018

Ended

SEBASTIEN VERBOOGEN

Director · since 30 mai 2008 · until 30 mai 2014

Ended

SEVERIN VERBOOGEN

Managing director · since 30 mai 2008 · until 30 mai 2014

Ended

HOLDING I.A.K.

Director · 0475.752.831

Represented by SEVERIN VERBOOGEN

Ended

At this address

Other companies at this address

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ATLANTIS VIDEO & MULTIMEDIA COMMUNICATION● Active	0474.374.738
DUPLIVIDEO● Active	0432.078.184
ENYA Mgt● Active	1016.781.219
ENYA REAL ESTATE● Active	0741.867.579
HOLDING I.A.K.● Active	0475.752.831
MEDIAVISION-IMAGIMAGE● Active	0434.817.148
NASOHA● Active	0845.536.924

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	29/08/2025	29/08/2024	05/10/2023	30/08/2022	22/10/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	27/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	29/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	05/10/2023	French	PDF
Micro model	31/12/2021	30/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	22/10/2021	French	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	14/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	12/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	01/07/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	17/11/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	22/10/2008	French	PDF
Abridged model	31/12/2006	25/06/2007	27/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

JOE VERBOGEN

Manager

Active

Ended mandates

SEVERIN VERBOOGEN

Managing director · since 03 mai 2016 · until 31 mai 2018

Ended

SEBASTIEN VERBOOGEN

Director · since 30 mai 2008 · until 30 mai 2014

Ended

SEVERIN VERBOOGEN

Managing director · since 30 mai 2008 · until 30 mai 2014

Ended

HOLDING I.A.K.

Director · 0475.752.831

Represented by SEVERIN VERBOOGEN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/08/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2002
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025696,3 €↓
2024
Annual accounts 20243,7 k €↑
2023
Annual accounts 20232,2 k €↑
2022
Annual accounts 2022797,9 €↓
2021
Annual accounts 20212,7 k €↓
2020
Annual accounts 20203,3 k €↑
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 20174,1 k €↑
2016
Annual accounts 2016-430,9 €↑
2015
Annual accounts 2015-3,6 k €↑
2014
Annual accounts 2014-4,9 k €↓
2013
Annual accounts 2013-4,2 k €↓
2012
Annual accounts 2012-3,6 k €↑
2011
Annual accounts 2011-5,2 k €↓
2010
Annual accounts 2010-2,4 k €↓
2009
Annual accounts 2009-1,5 k €↑
2008
Annual accounts 2008-5,2 k €↓
2007
Annual accounts 2007-3,9 k €↓
2006
Annual accounts 2006-1,6 k €
30/05/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAPUM

Overview

What does MAPUM do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline