ACTIVE

MAP

Financial year 2025 · closed on 30/11/2025
Net result
8,1 k €
+155.2% YoY
Gross margin
19,8 k €
+64.0% YoY
Equity
64,1 k €
+14.5% YoY

What does MAP do?

MAP is a Private limited company incorporated in 2000. Its registered office is in Harelbeke.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0471.322.604
Incorporation
29/02/2000
Legal form
Private limited company
Registered office
Generaal Deprezstraat 109
8530 Harelbeke · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/11/2025
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin19,8 k €12,1 k €23,1 k €22,8 k €13,5 k €14,9 k €15,3 k €16,7 k €25,2 k €22,9 k €20,1 k €18,5 k €28,9 k €15,7 k €18,0 k €20,1 k €20,0 k €10,2 k €13,3 k €8,5 k €
EBITDA18,7 k €10,9 k €21,9 k €21,9 k €12,6 k €13,9 k €14,0 k €15,2 k €24,3 k €22,1 k €19,3 k €17,7 k €28,1 k €14,8 k €17,3 k €19,5 k €19,4 k €9,5 k €12,3 k €7,2 k €
Operating result12,9 k €4,8 k €15,2 k €14,1 k €4,4 k €3,2 k €2,3 k €321,1 €7,2 k €7,7 k €5,0 k €4,8 k €10,2 k €-3,4 k €-1,7 k €-3,6 k €11,4 k €3,2 k €6,0 k €3,3 k €
Net result8,1 k €3,2 k €10,0 k €9,2 k €3,3 k €2,0 k €1,7 k €-205,2 €4,9 k €5,1 k €2,7 k €2,9 k €8,4 k €-5,4 k €-4,4 k €-6,0 k €5,6 k €436,0 €1,9 k €-1,5 k €
Balance sheet
Equity64,1 k €56,0 k €52,8 k €42,8 k €33,6 k €30,4 k €28,4 k €26,7 k €26,9 k €22,1 k €16,9 k €14,2 k €11,3 k €2,9 k €8,2 k €12,6 k €18,6 k €13,0 k €12,6 k €10,7 k €
Total assets95,9 k €89,4 k €91,8 k €93,9 k €93,1 k €84,3 k €92,7 k €100,1 k €113,6 k €122,8 k €123,1 k €133,0 k €119,6 k €121,8 k €133,8 k €140,6 k €110,0 k €105,5 k €103,9 k €102,4 k €
Cash30,1 k €15,4 k €26,1 k €23,0 k €20,7 k €6,7 k €2,7 k €9,7 k €6,0 k €5,5 k €2,7 k €5,0 k €333,0 €1,9 k €34,0 €7,2 k €627,0 €2,6 k €6,6 k €2,6 k €
Debts31,8 k €33,4 k €39,0 k €51,0 k €53,7 k €53,9 k €64,3 k €67,8 k €86,6 k €100,7 k €106,1 k €118,8 k €108,3 k €118,9 k €125,6 k €127,9 k €88,9 k €92,4 k €91,3 k €91,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 3 ended

Active mandates

Patricia Normon

Director · since 23 février 2000

Active

Ended mandates

Patricia Normon

Director

Ended
Patricia Normon

Administrator - manager

Ended
Patricia Normon

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/12/202401/12/202301/12/202201/12/202101/12/202001/12/2019
Closing of the financial year30/11/202530/11/202430/11/202330/11/202230/11/202130/11/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202630/05/202530/05/202401/06/202331/05/202201/06/2021
General meeting31/05/202630/05/202530/05/202430/05/202330/05/202230/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/11/202531/05/202601/06/2026DutchPDF
Micro model30/11/202430/05/202530/05/2025DutchPDF
Micro model30/11/202330/05/202430/05/2024DutchPDF
Micro model30/11/202230/05/202301/06/2023DutchPDF
Micro model30/11/202130/05/202231/05/2022DutchPDF
Micro model30/11/202030/05/202101/06/2021DutchPDF
Micro model30/11/201930/05/202002/06/2020DutchPDF
Micro model30/11/201830/05/201931/05/2019DutchPDF
Micro model30/11/201730/05/201808/06/2018DutchPDF
Abridged model30/11/201630/05/201720/06/2017DutchPDF
Abridged model30/11/201530/05/201630/05/2016DutchPDF
Abridged model30/11/201430/05/201501/06/2015DutchPDF
Abridged model30/11/201330/05/201402/06/2014DutchPDF
Abridged model30/11/201230/05/201303/06/2013DutchPDF
Abridged model30/11/201130/05/201204/06/2012DutchPDF
Abridged model30/11/201030/05/201101/06/2011DutchPDF
Abridged model30/11/200930/05/201013/07/2010DutchPDF
Abridged model30/11/200830/05/200910/06/2009DutchPDF
Abridged model30/11/200731/05/200811/06/2008DutchPDF
Abridged model30/11/200630/05/200719/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/11/2025 · 1 active · 3 ended

Active mandates

Patricia Normon

Director · since 23 février 2000

Active

Ended mandates

Patricia Normon

Director

Ended
Patricia Normon

Administrator - manager

Ended
Patricia Normon

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office18/04/2024
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL
    PDF
  • Mandates12/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2017
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20258,1 k €
  2. 2024
    Annual accounts 20243,2 k €
  3. 2023
    Annual accounts 202310,0 k €
  4. 2022
    Annual accounts 20229,2 k €
  5. 2021
    Annual accounts 20213,3 k €
  6. 2020
    Annual accounts 20202,0 k €
  7. 2019
    Annual accounts 20191,7 k €
  8. 2018
    Annual accounts 2018-205,2 €
  9. 2017
    Annual accounts 20174,9 k €
  10. 2016
    Annual accounts 20165,1 k €
  11. 2015
    Annual accounts 20152,7 k €
  12. 2014
    Annual accounts 20142,9 k €
  13. 2013
    Annual accounts 20138,4 k €
  14. 2012
    Annual accounts 2012-5,4 k €
  15. 2011
    Annual accounts 2011-4,4 k €
  16. 2010
    Annual accounts 2010-6,0 k €
  17. 2009
    Annual accounts 20095,6 k €
  18. 2008
    Annual accounts 2008436,0 €
  19. 2007
    Annual accounts 20071,9 k €
  20. 2006
    Annual accounts 2006-1,5 k €
  21. 29/02/2000
    IncorporationPrivate limited company