ACTIVE

MAPACO

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Financial year 2025 · closed on 30/06/2025

Net result

1,7 k €

+101.0% YoY

Gross margin

185,2 k €

-25.4% YoY

Equity

617,6 k €

+0.3% YoY

What does MAPACO do?

MAPACO is a Private limited company incorporated in 1999. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Anzegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.022.633

Incorporation

11/10/1999

Legal form

Private limited company

Registered office

Mekeirleweg 7
8570 Anzegem · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	185,2 k €	-25.4%	248,2 k €	-62.8%	667,1 k €	+223%	206,3 k €	+60.5%	128,6 k €	-19.9%	160,6 k €	+12.7%	142,5 k €	+67.0%	85,3 k €	-37.6%	136,8 k €	+120%	62,2 k €	-11.4%	70,2 k €	+5.7%	66,4 k €	+65.5%	40,1 k €	-40.8%	67,8 k €	-40.6%	114 k €	+210%	36,7 k €	+82.9%	20,1 k €	+108%	9,7 k €	-52.6%	20,4 k €
EBITDA	174,4 k €	+11.2%	156,9 k €	-76.0%	655,1 k €	+243%	190,7 k €	+61.7%	117,9 k €	-10.8%	132,2 k €	-3.2%	136,6 k €	+71.1%	79,8 k €	-39.7%	132,3 k €	+143%	54,6 k €	-11.4%	61,6 k €	+3.6%	59,5 k €	+58.8%	37,4 k €	-42.5%	65,1 k €	-27.1%	89,3 k €	+171%	32,9 k €	+99.0%	16,5 k €	+140%	6,9 k €	-62.9%	18,6 k €
Operating result	29,2 k €	-1.8%	29,7 k €	-93.9%	488,7 k €	+538%	76,6 k €	+155%	30 k €	+15.9%	25,9 k €	+4.0%	24,9 k €	+35.8%	18,3 k €	-76.5%	77,9 k €	+270%	21,1 k €	-24.7%	28 k €	+93.6%	14,5 k €	+47.7%	9,8 k €	-80.1%	49,1 k €	-30.3%	70,5 k €	+318%	16,9 k €	+139%	7,1 k €	+147%	-14,9 k €	+4.0%	-15,6 k €
Net result	1,7 k €	+101%	-168,3 k €	-136%	470,4 k €	+1142%	37,9 k €	+53.4%	24,7 k €	+143%	10,2 k €	+87.6%	5,4 k €	+37.8%	3,9 k €	+106%	1,9 k €	+120%	867 €	-36.3%	1,4 k €	-71.0%	4,7 k €	-6.9%	5 k €	-89.0%	45,9 k €	-28.2%	63,9 k €	+335%	14,7 k €	+1053%	1,3 k €	+107%	-19,4 k €	-23.8%	-15,7 k €
Balance sheet
Equity	617,6 k €	+0.3%	615,8 k €	-11.0%	692,2 k €	+186%	241,8 k €	+18.6%	203,9 k €	+15.3%	176,9 k €	+6.1%	166,7 k €	+3.4%	161,3 k €	+2.5%	157,4 k €	+1.2%	155,4 k €	+0.6%	154,6 k €	+0.9%	153,2 k €	+3.1%	148,6 k €	+295%	37,6 k €	+555%	-8,3 k €	+88.6%	-72,1 k €	+16.9%	-86,8 k €	+1.4%	-88,1 k €	-28.3%	-68,7 k €
Total assets	1,9 M €	-37.2%	3,1 M €	+41.9%	2,2 M €	+54.9%	1,4 M €	+64.0%	848,7 k €	+3.6%	819 k €	-1.5%	831,1 k €	-12.7%	951,9 k €	+26.5%	752,6 k €	+24.2%	606,1 k €	-0.5%	609,2 k €	-6.6%	652,6 k €	-2.2%	667,6 k €	+165%	251,5 k €	-10.4%	280,7 k €	+76.6%	158,9 k €	+36.8%	116,2 k €	-2.6%	119,3 k €	-17.2%	144,1 k €
Cash	390,6 k €	+19.8%	326,1 k €	-75.2%	1,3 M €	+92.8%	681,9 k €	+434%	127,7 k €	+2.7%	124,3 k €	-27.1%	170,5 k €	-28.3%	237,9 k €	+146%	96,9 k €	+92.2%	50,4 k €	+168%	18,8 k €	+34.5%	14 k €	+2293%	584,2 €	-91.9%	7,2 k €	-89.5%	68,5 k €	+35512%	192,2 €	-83.9%	1,2 k €	+160%	458 €	+139%	192 €
Debts	1,2 M €	-48.9%	2,3 M €	+83.6%	1,3 M €	+22.0%	1 M €	+88.7%	549,1 k €	+0.2%	548 k €	-3.9%	570 k €	-19.2%	705,3 k €	+38.3%	509,8 k €	+20.4%	423,3 k €	-0.1%	423,8 k €	-11.5%	478,9 k €	-3.9%	498,6 k €	+157%	193,9 k €	-26.3%	263,1 k €	+13.9%	231,1 k €	+13.8%	203 k €	-2.1%	207,3 k €	-2.6%	212,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

PAUL MAHIEU

Director

Active

Ended mandates

PAUL MAHIEU

Manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/02/2026	18/12/2024	30/01/2024	20/12/2022	03/01/2022	21/12/2020
General meeting	20/12/2025	18/12/2024	12/11/2023	17/12/2022	18/12/2021	19/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	20/12/2025	03/02/2026	Dutch	PDF
Micro model	30/06/2024	18/12/2024	18/12/2024	Dutch	PDF
Micro model	30/06/2023	12/11/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	17/12/2022	20/12/2022	Dutch	PDF
Micro model	30/06/2021	18/12/2021	03/01/2022	Dutch	PDF
Micro model	30/06/2020	19/12/2020	21/12/2020	Dutch	PDF
Micro model	30/06/2019	21/12/2019	02/01/2020	Dutch	PDF
Micro model	30/06/2018	15/12/2018	19/12/2018	Dutch	PDF
Micro model	30/06/2017	16/12/2017	20/12/2017	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	19/12/2016	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	16/02/2016	Dutch	PDF
Abridged model	30/06/2014	01/10/2014	15/05/2015	Dutch	PDF
Abridged model	30/06/2013	18/01/2014	06/02/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	20/02/2013	Dutch	PDF
Abridged model	30/06/2011	18/01/2012	14/02/2012	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	01/01/2011	Dutch	PDF
Abridged model	30/06/2009	15/01/2010	18/02/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	29/01/2009	Dutch	PDF
Abridged model	30/06/2007	15/01/2008	12/02/2008	Dutch	PDF
Abridged model	30/06/2006	19/01/2007	15/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 30/06/2025 · 1 active · 1 ended

Active mandates

PAUL MAHIEU

Director

Active

Ended mandates

PAUL MAHIEU

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office15/01/2013
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/01/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 20251,7 k €↑
2024
Annual accounts 2024-168,3 k €↓
2023
Annual accounts 2023470,4 k €↑
2022
Annual accounts 202237,9 k €↑
2021
Annual accounts 202124,7 k €↑
2020
Annual accounts 202010,2 k €↑
2019
Annual accounts 20195,4 k €↑
2018
Annual accounts 20183,9 k €↑
2017
Annual accounts 20171,9 k €↑
2016
Annual accounts 2016867 €↓
2015
Annual accounts 20151,4 k €↓
2014
Annual accounts 20144,7 k €↓
2013
Annual accounts 20135 k €↓
2012
Annual accounts 201245,9 k €↓
2011
Annual accounts 201163,9 k €↑
2010
Annual accounts 201014,7 k €↑
2009
Annual accounts 20091,3 k €↑
2008
Annual accounts 2008-19,4 k €↓
2007
Annual accounts 2007-15,7 k €
11/10/1999
IncorporationPrivate 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

MAPACO

Overview

What does MAPACO do?

Trend over 19 financial years

Indicative valuation

Board of directors

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