ACTIVE

MAPIVAN

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Financial year 2025 · closed on 31/12/2025

Net result

55,7 k €

-31.7% YoY

Gross margin

174,1 k €

-10.8% YoY

Equity

881,8 k €

-14.7% YoY

What does MAPIVAN do?

MAPIVAN is a Private limited company incorporated in 2000. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.283.982

Incorporation

15/11/2000

Legal form

Private limited company

Registered office

Kokerstraat 30
8750 Wingene · FlandreSee on map

Contributed capital

37 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	174,1 k €	-10.8%	195,2 k €	-28.5%	273,2 k €	+21.9%	224,1 k €	+342%	50,7 k €	-62.8%	136,5 k €	+104%	66,8 k €	+14.7%	58,3 k €	+53.9%	37,9 k €	-88.0%	316,1 k €	+165%	119,2 k €	+143%	49,0 k €	+101%	24,4 k €	-49.9%	48,7 k €	-25.7%	65,6 k €	+12.8%	58,2 k €	+27.1%	45,8 k €	-16.4%	54,7 k €	-82.8%	318,3 k €
EBITDA	162,3 k €	-10.8%	182,0 k €	-30.2%	260,7 k €	+21.0%	215,5 k €	+395%	43,6 k €	-60.4%	110,1 k €	+77.8%	61,9 k €	+16.5%	53,2 k €	+59.2%	33,4 k €	-88.4%	287,7 k €	+145%	117,3 k €	+149%	47,1 k €	+123%	21,1 k €	-53.6%	45,4 k €	-27.0%	62,3 k €	+58.3%	39,3 k €	-5.3%	41,5 k €	+14.2%	36,4 k €	-87.8%	298,6 k €
Operating result	102,2 k €	-17.6%	124,0 k €	-24.5%	164,4 k €	+15.9%	141,9 k €	+6545%	2,1 k €	-95.9%	52,2 k €	+77.5%	29,4 k €	+154%	11,6 k €	+232%	-8,8 k €	-104%	236,9 k €	+244%	68,9 k €	+1950%	3,4 k €	-38.5%	5,5 k €	-24.2%	7,2 k €	-58.2%	17,2 k €	+464%	-4,7 k €	-362%	1,8 k €	+176%	-2,4 k €	-101%	264,4 k €
Net result	55,7 k €	-31.7%	81,6 k €	-63.8%	225,2 k €	+166%	84,5 k €	-48.4%	163,9 k €	+451%	29,7 k €	+149%	11,9 k €	+1106%	-1,2 k €	+92.1%	-15,0 k €	-110%	146,1 k €	+298%	36,7 k €	+748%	-5,7 k €	-105%	124,1 k €	+580%	18,2 k €	+92.9%	9,5 k €	+230%	-7,3 k €	+55.8%	-16,5 k €	+55.0%	-36,6 k €	-114%	255,5 k €
Balance sheet
Equity	881,8 k €	-14.7%	1,0 M €	+5.9%	977,0 k €	+29.9%	751,8 k €	+12.7%	667,3 k €	+32.6%	503,3 k €	+6.3%	473,6 k €	+3.5%	457,8 k €	-28.2%	637,3 k €	-1.4%	646,1 k €	+80.4%	358,1 k €	+11.4%	321,5 k €	-1.7%	327,1 k €	+46.9%	222,7 k €	-1.5%	226,0 k €	+4.4%	216,5 k €	-3.3%	223,8 k €	-6.9%	240,3 k €	-13.2%	276,9 k €
Total assets	1,5 M €	+0.6%	1,5 M €	+2.5%	1,5 M €	+6.4%	1,4 M €	+33.0%	1,1 M €	-4.2%	1,1 M €	+48.3%	742,9 k €	-18.2%	908,5 k €	-9.6%	1,0 M €	-3.5%	1,0 M €	+40.7%	740,1 k €	+16.0%	638,1 k €	+15.6%	551,8 k €	+16.4%	474,3 k €	-24.2%	625,6 k €	-3.2%	646,3 k €	+16.5%	554,6 k €	-4.8%	582,3 k €	-5.4%	615,7 k €
Cash	19,0 k €	+3.6%	18,4 k €	-65.9%	53,9 k €	+596%	7,7 k €	+44.3%	5,4 k €	-41.5%	9,2 k €	-39.4%	15,1 k €	-89.3%	141,6 k €	-38.2%	229,0 k €	-35.9%	357,3 k €	+3504%	9,9 k €	-45.9%	18,3 k €	-93.9%	298,6 k €	+1497%	18,7 k €	+39.9%	13,4 k €	+18.4%	11,3 k €	-35.2%	17,4 k €	-57.2%	40,6 k €	-71.4%	142,1 k €
Debts	613,3 k €	+37.5%	445,9 k €	-10.0%	495,5 k €	-21.1%	628,3 k €	+73.4%	362,3 k €	-36.4%	569,5 k €	+138%	239,3 k €	-42.0%	412,8 k €	+26.8%	325,5 k €	-3.7%	338,0 k €	+10.8%	305,1 k €	+23.1%	248,0 k €	+72.4%	143,9 k €	-38.2%	232,7 k €	-41.7%	399,0 k €	-7.1%	429,6 k €	+36.6%	314,6 k €	-3.9%	327,4 k €	-2.8%	336,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Philippe Vandecasteele

Director

Active

Ended mandates

Philippe Vandecasteele

Director · since 03 novembre 2000

Ended

Ingrid L'Oeille

Manager

Ended

Philippe Vandecasteele

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BORIAS● Active	0752.882.227
VSP WEST● Active	1026.615.831

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	28/07/2026	18/07/2025	31/07/2024	27/07/2023	27/06/2022	01/07/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	18/06/2025	18/07/2025	Dutch	PDF
Micro model	31/12/2023	19/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	21/06/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	16/06/2021	01/07/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	26/06/2020	Dutch	PDF
Micro model	31/12/2018	19/06/2019	25/06/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	21/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	01/07/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	17/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/03/2011	10/05/2011	Dutch	PDF
Abridged model	31/12/2009	04/03/2010	06/04/2010	Dutch	PDF
Abridged model	31/12/2008	05/03/2009	07/05/2009	Dutch	PDF
Abridged model	31/12/2007	06/03/2008	14/10/2008	Dutch	PDF
Abridged model	31/12/2006	01/03/2007	07/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 3 ended

Active mandates

Philippe Vandecasteele

Director

Active

Ended mandates

Philippe Vandecasteele

Director · since 03 novembre 2000

Ended

Ingrid L'Oeille

Manager

Ended

Philippe Vandecasteele

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/04/2018
KAPITAAL - AANDELEN
PDF
Restructuring18/05/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/12/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares10/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other26/08/2004
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202555,7 k €↓
2024
Annual accounts 202481,6 k €↓
2023
Annual accounts 2023225,2 k €↑
2022
Annual accounts 202284,5 k €↓
2021
Annual accounts 2021163,9 k €↑
2020
Annual accounts 202029,7 k €↑
2019
Annual accounts 201911,9 k €↑
2018
Annual accounts 2018-1,2 k €↑
2017
Annual accounts 2017-15,0 k €↓
2016
Annual accounts 2016146,1 k €↑
2015
Annual accounts 201536,7 k €↑
2014
Annual accounts 2014-5,7 k €↓
2013
Annual accounts 2013124,1 k €↑
2012
Annual accounts 201218,2 k €↑
2011
Annual accounts 20119,5 k €↑
2010
Annual accounts 2010-7,3 k €↑
2009
Annual accounts 2009-16,5 k €↑
2008
Annual accounts 2008-36,6 k €↓
2007
Annual accounts 2007255,5 k €
15/11/2000
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

MAPIVAN

Overview

What does MAPIVAN 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