Equity
€12.0m ▲ 11.7%
BOUWMATERIALEN MODDE has made a profit in every financial year since 2006.
BOUWMATERIALEN MODDE
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €69.5m (2025)
€69.5m▲ 3.9%
peak €1.3m (2025)
€1.3m▲ 20.0%
peak €12.0m (2025)
€12.0m▲ 11.7%
€25.7m▲ 2.1%
peak 78.1 FTE (2025)
78.1 FTE▲ 4.7%
Board6 names since 2015
2 directorsV-MAT and 1 other
Owners5 names in the annual accounts
99.94%VEMOD and 2 others
Documentsfilings and deeds
02-07-202629 days before the deadline
2025financial year
2 directors appointed 06-11Investments €3.0mCash from €51,640 to €132,585
Key points
from the 2025 annual accountsInvestments
€3.0m 2.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 456.2% higher than in 2024.
Staff
81 employees on 31-12-2025
In 2025, 16 people joined and 9 left. On top of that, 3.6 agency workers worked there on average.
Payment terms
46 days to suppliers
BOUWMATERIALEN MODDE pays its suppliers 13 days earlier than in 2024. Customers pay 9 days earlier.
Filings
48 annual accounts since 1978
The 2016 accounts came 7 days late. The other nine of the last ten were filed on time.
Position in the sector
€12.0m
More equity than 86% of companies in wholesale trade. Sector median €1.6m · 6,122 companies.
Checked score
90
Excellent
Financially stronger than 51% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 745 companies (NACE 46, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.74, cash €132,585
7 establishment units
lowers risk
Founded in 1969
Size: turnover €69.5m, 78.1 FTE, total assets €37.7m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized). It does better than 40% of them on solvency, 51% on liquidity, 51% on profitability and 63% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as BOUWMATERIALEN MODDE has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of BOUWMATERIALEN MODDE itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for BOUWMATERIALEN MODDE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.74 (2.24 in 2024), above the usual 1.5. Short-term debt is 29.3% and cash 0.4% of total assets. However, 68.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
31 days early
2023
20 days early
2022
27 days early
2021
11 days early
2020
50 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VEMOD 99.94%equity €11.8m (2025) · 30-09-2025 annual accounts of VEMOD
- Lvs Bouwmaterialen BV consolidatesscore 96equity €3.2m (2025) · annual accounts 2025
- V-Mat BV consolidatesscore 97equity €3.1m (2025) · annual accounts 2025
Recent changes
2 directors appointed
VEMOD (managing director) and V-MAT (managing director) · Permanent representatives: Lien Veys and Wouter Veys · Board meeting of 01-09-2025 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Merelbeke-Melle
1 statutory auditor reappointed
BV BEDRIJFSREVISOR BART BOSMAN (statutory auditor) · Permanent representatives: Bart Bosman, Lien Veys, Wouter Veys and Philippe Veys · General meeting of 15-06-2023 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BOUWMATERIALEN MODDE Kortrijk | €69.5m | 2.2% | 31.9% | 78.1 |
| Dupont M. Wervik | €72.9m | 11.0% | 77.4% | 80.6 |
| Bouwmaterialen Van Pelt Zoersel | €55.8m | 3.0% | 37.2% | 80.4 |
| VAN HULLE BOUWSERVICE Tielt | €41.8m | 3.2% | 83.5% | 70.3 |
| TEFCO Group Hasselt | €76.2m | -1.2% | 47.1% | 126 |
| Lo.Ve.Mat Seraing | €60.1m | 2.4% | 62.3% | 47.5 |
| XELLA BELGIE Bornem | €75.0m | 24.2% | 72.6% | 76.6 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BOUWMATERIALEN MODDE: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €29m and €62m, founded between 1954 and 1986.
Official details
Source: KBO- Status
- Active since 01-07-1969Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 5 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment units
- 2.002.692.5838501 Kortrijk, since 01-09-1969
- 2.147.315.6259820 Merelbeke-Melle, since 06-06-2005and 5 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €37.7m▲ 4.9%
- Employeeson 31-12-2025
- 81▲ 9.5%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on BOUWMATERIALEN MODDE
BOUWMATERIALEN MODDE has existed since 1969. Turnover grew from €18.6m in 2006 to €69.5m in 2025 and staff from 24.8 to 78.1 full-time equivalents.
VEMOD holds all the shares. In November 2025, the Official Gazette published the appointment of V-MAT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BOUWMATERIALEN MODDE
- What is the company number of BOUWMATERIALEN MODDE?
- The company number of BOUWMATERIALEN MODDE is 0406.783.158. The VAT number is the same number with BE in front: BE 0406.783.158.
- Where is BOUWMATERIALEN MODDE based?
- The registered office is at Industrielaan 8A, 8501 Kortrijk.Company details
- What does BOUWMATERIALEN MODDE do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of BOUWMATERIALEN MODDE?
- BOUWMATERIALEN MODDE is a public limited company (NV).
- When was BOUWMATERIALEN MODDE founded?
- BOUWMATERIALEN MODDE was founded on 01-07-1969.
- Is BOUWMATERIALEN MODDE still active?
- Yes, BOUWMATERIALEN MODDE is an active enterprise in the KBO register.
- How many employees does BOUWMATERIALEN MODDE have?
- BOUWMATERIALEN MODDE had an average of 78.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BOUWMATERIALEN MODDE fall under?
- In its 2025 annual accounts, BOUWMATERIALEN MODDE states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of BOUWMATERIALEN MODDE?
- The turnover of BOUWMATERIALEN MODDE was €69.5m in financial year 2025, according to the filed annual accounts.
- Is BOUWMATERIALEN MODDE profitable?
- In financial year 2025, BOUWMATERIALEN MODDE made a profit of €1.3m.
- Where can I find the annual accounts of BOUWMATERIALEN MODDE?
- BOUWMATERIALEN MODDE filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BOUWMATERIALEN MODDE due?
- BOUWMATERIALEN MODDE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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