ACTIVE

MAPICO

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Financial year 2025 · closed on 30/09/2025

Net result

-3,3 k €

+26.0% YoY

Equity

688,2 k €

-0.5% YoY

What does MAPICO do?

MAPICO is a Private limited company incorporated in 2005. Its registered office is in Zele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.867.519

Incorporation

13/12/2005

Legal form

Private limited company

Registered office

Alois De Beulelaan 5
9240 Zele · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/09/2025

Signals

Solid equityLow riskGood liquidity

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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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	–		–		–		–		–		–		–		–		3,7 k €	-73.4%	14,0 k €	-47.0%	26,4 k €	-45.2%	48,1 k €	+32.7%	36,3 k €	+14.9%	31,6 k €	-16.0%	37,6 k €	-91.6%	445,6 k €	+223%	138,1 k €	-26.8%	188,8 k €	-35.5%	292,5 k €
EBITDA	-3,5 k €	+26.5%	-4,7 k €	+16.1%	-5,6 k €	-57.9%	-3,5 k €	-2.2%	-3,5 k €	+0.2%	-3,5 k €	+8.5%	-3,8 k €	-17.5%	-3,2 k €	+35.8%	-5,0 k €	-342%	2,1 k €	-86.3%	15,3 k €	-28.0%	21,2 k €	-5.7%	22,5 k €	+8.6%	20,7 k €	+20.6%	17,2 k €	-94.5%	313,7 k €	+1251%	23,2 k €	-87.7%	188,2 k €	-35.0%	289,4 k €
Operating result	-3,5 k €	+26.5%	-4,7 k €	+16.1%	-5,6 k €	-57.9%	-3,5 k €	-2.2%	-3,5 k €	+0.2%	-3,5 k €	+8.5%	-3,8 k €	-17.5%	-3,2 k €	+35.8%	-5,0 k €	-896%	633,0 €	-95.4%	13,8 k €	-29.4%	19,6 k €	-3.8%	20,3 k €	+9.5%	18,6 k €	+12.7%	16,5 k €	-94.7%	312,6 k €	+1246%	23,2 k €	-87.7%	188,2 k €	-34.9%	288,9 k €
Net result	-3,3 k €	+26.0%	-4,5 k €	+11.7%	-5,1 k €	-38.6%	-3,7 k €	-6.4%	-3,4 k €	-4.5%	-3,3 k €	+8.3%	-3,6 k €	-30.6%	-2,8 k €	+34.4%	-4,2 k €	-304%	2,1 k €	-85.9%	14,6 k €	-32.8%	21,7 k €	-5.8%	23,1 k €	-7.8%	25,0 k €	+0.8%	24,8 k €	-89.5%	235,4 k €	+608%	33,3 k €	-74.7%	131,3 k €	-31.2%	190,9 k €
Balance sheet
Equity	688,2 k €	-0.5%	691,6 k €	-0.6%	696,0 k €	-0.7%	701,1 k €	-0.5%	704,8 k €	-0.5%	708,2 k €	-0.5%	711,5 k €	-0.5%	715,1 k €	-0.4%	717,9 k €	-0.6%	722,1 k €	+0.3%	720,0 k €	+2.1%	705,4 k €	+3.2%	683,7 k €	+3.5%	660,7 k €	+3.9%	635,7 k €	+4.1%	610,8 k €	+62.7%	375,5 k €	+9.7%	342,2 k €	+62.3%	210,9 k €
Total assets	692,3 k €	-0.4%	695,4 k €	-0.3%	697,3 k €	-1.1%	705,3 k €	-0.5%	708,8 k €	-0.5%	712,1 k €	-0.3%	714,5 k €	-0.4%	717,5 k €	-1.0%	725,1 k €	-0.8%	731,1 k €	+0.3%	728,8 k €	-3.6%	755,8 k €	+5.8%	714,5 k €	+2.9%	694,1 k €	+6.1%	654,2 k €	-5.7%	693,5 k €	+28.9%	538,1 k €	+28.1%	420,0 k €	+59.4%	263,5 k €
Cash	39,4 k €	-7.3%	42,5 k €	-4.5%	44,5 k €	-70.8%	152,5 k €	-2.2%	155,9 k €	-19.1%	192,7 k €	-3.5%	199,7 k €	-19.4%	247,7 k €	-3.0%	255,4 k €	-1.0%	258,1 k €	+5.3%	245,0 k €	-10.1%	272,4 k €	+26.0%	216,2 k €	-46.6%	404,6 k €	+19.3%	339,2 k €	-50.2%	680,8 k €	+175%	247,9 k €	+1443%	16,1 k €	-93.1%	232,3 k €
Debts	3,9 k €	+5.5%	3,7 k €	+207%	1,2 k €	0.0%	1,2 k €	+13.0%	1,1 k €	+12.4%	958,0 €	+18.9%	806,0 €	+196%	272,0 €	-88.8%	2,4 k €	+78.0%	1,4 k €	+19.5%	1,1 k €	-95.8%	27,1 k €	+30.5%	20,8 k €	-19.2%	25,7 k €	+1561%	1,5 k €	-97.3%	58,3 k €	+1082%	4,9 k €	-93.7%	77,8 k €	+47.8%	52,6 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 30/09/2025 · 1 active · 1 ended

Active mandates

Guido HENKENS

Director

Active

Ended mandates

Guido HENKENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ASSURZELE● Active	0830.100.561
Deposito- en Kredietkantoor Van Zele● Liquidation	0400.154.989
DONATERIE● Active	0885.341.764
EMMARIELCO● Active	0449.606.480
KREDIET VOOR AMBACHTSWERKTUIGEN ZELE● Active	0400.154.692
Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te Zele● Active	0400.275.844
MABOR● Active	0803.040.036
Oostvlaamse Invest Company● Active	0446.281.261
Tersal● Active	0676.815.223

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/11/2025	18/11/2024	21/11/2023	09/12/2022	09/12/2021	16/11/2020
General meeting	21/11/2025	15/11/2024	17/11/2023	18/11/2022	19/11/2021	13/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	21/11/2025	24/11/2025	Dutch	PDF
Abridged model	30/09/2024	15/11/2024	18/11/2024	Dutch	PDF
Abridged model	30/09/2023	17/11/2023	21/11/2023	Dutch	PDF
Abridged model	30/09/2022	18/11/2022	09/12/2022	Dutch	PDF
Abridged model	30/09/2021	19/11/2021	09/12/2021	Dutch	PDF
Abridged model	30/09/2020	13/11/2020	16/11/2020	Dutch	PDF
Abridged model	30/09/2019	15/11/2019	19/11/2019	Dutch	PDF
Abridged model	30/09/2018	16/11/2018	21/11/2018	Dutch	PDF
Abridged model	30/09/2017	17/11/2017	04/12/2017	Dutch	PDF
Abridged model	30/09/2016	18/11/2016	21/11/2016	Dutch	PDF
Abridged model	30/09/2015	20/11/2015	23/11/2015	Dutch	PDF
Abridged model	30/09/2014	21/11/2014	26/11/2014	Dutch	PDF
Abridged model	30/09/2013	15/11/2013	18/11/2013	Dutch	PDF
Abridged model	30/09/2012	16/11/2012	21/11/2012	Dutch	PDF
Abridged model	30/09/2011	18/11/2011	23/11/2011	Dutch	PDF
Abridged model	30/09/2010	19/11/2010	02/12/2010	Dutch	PDF
Abridged model	31/12/2008	20/05/2009	26/05/2009	Dutch	PDF
Abridged model	31/12/2007	21/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/05/2007	06/06/2007	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 30/09/2025 · 1 active · 1 ended

Active mandates

Guido HENKENS

Director

Active

Ended mandates

Guido HENKENS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other07/01/2010
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other23/12/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-3,3 k €↑
2024
Annual accounts 2024-4,5 k €↑
2023
Annual accounts 2023-5,1 k €↓
2022
Annual accounts 2022-3,7 k €↓
2021
Annual accounts 2021-3,4 k €↓
2020
Annual accounts 2020-3,3 k €↑
2019
Annual accounts 2019-3,6 k €↓
2018
Annual accounts 2018-2,8 k €↑
2017
Annual accounts 2017-4,2 k €↓
2016
Annual accounts 20162,1 k €↓
2015
Annual accounts 201514,6 k €↓
2014
Annual accounts 201421,7 k €↓
2013
Annual accounts 201323,1 k €↓
2012
Annual accounts 201225,0 k €↑
2011
Annual accounts 201124,8 k €↓
2010
Annual accounts 2010235,4 k €↑
2008
Annual accounts 200833,3 k €↓
2007
Annual accounts 2007131,3 k €↓
2006
Annual accounts 2006190,9 k €
13/12/2005
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

MAPICO

Overview

What does MAPICO 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