DAVID MODAVE MANAGEMENT
ActiveDAVID MODAVE MANAGEMENT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542k and a net result of €103k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 40% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-4
Solvency69▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.97 in 2024; short-term debt: 23% and cash: 17.7% of total assets), and 56.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.8%
Return on assets
8.3%
Age of the figures
9 mo
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 26-07-2026, 5 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
5 d early
2024
3 d early
2023
26 d early
2022
25 d early
2021
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€103k▼ 16.1%
2024 · €123k
2021: €61k
2022: €117k
2023: €127k
2024: €123k
2021 → 2025
Working capital
€5k
2024 · €-8k
2021: €-29k
2022: €29k
2023: €-48k
2024: €-8k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€189k▲ 165%€316k▲ 67.4%€439k▲ 39.0%€542k▲ 23.5%
Operating result€84k-€172k▲ 106%€185k▲ 7.1%€187k▲ 1.4%€162k▼ 13.5%
Net result€61k-€117k▲ 92.1%€127k▲ 8.2%€123k▼ 3.1%€103k▼ 16.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€948k▲ 11.3%
Current assets
€289k▲ 11.0%
Equity and liabilities €1.24M
Equity
€542k▲ 23.5%
Debt
€695k▲ 3.2%
The debt ratio falls from 60.5% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€193k▼
2024 · €202k
Cash flow
€135k▼
2024 · €138k
Solvency
43.8%▲
2024 · 39.5%
Current ratio
1.02▲
2024 · 0.97
Quick ratio
0.99▲
2024 · 0.88
Debt / equity
1.28▼
2024 · 1.53
ROE
19.0%▼
2024 · 28.1%
ROA
8.3%▼
2024 · 11.1%
Interest coverage
9.27▼
2024 · 9.91
Debt
€695k▲
2024 · €673k
Debt ≤ 1 year
€284k▲
2024 · €268k
Debt > 1 year
€409k▲
2024 · €404k
Income taxes
€41k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.24M▲
Fixed assets21/28€852k€948k▲
Tangible fixed assets22/27€90k€187k▲
Furniture and vehicles24€3k€12k▲
Leasing and similar rights25€15k€60k▲
Other tangible fixed assets26€73k€115k▲
Financial fixed assets28€761k€761k=
Current assets29/58€260k€289k▲
Stocks and contracts in progress3€24k€8k▼
Stocks30/36€24k€8k▼
Amounts receivable within one year40/41€54k€58k▲
Trade receivables40€35k€30k▼
Other amounts receivable41€19k€28k▲
Cash at bank and in hand54/58€181k€219k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.24M▲
Equity10/15€439k€542k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€429k€532k▲
Amounts payable17/49€673k€695k▲
Amounts payable after more than one year17€404k€409k▲
Financial debts170/4€404k€409k▲
Amounts payable within one year42/48€268k€284k▲
Current portion of amounts payable after more than one year42€88k€98k▲
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€23k€21k▼
Taxes450/3€21k€19k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€151k€159k▲
Accrued charges and deferred income492/3€429€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€31k▲
Other operating charges640/8€607€3k▲
Gross operating margin9900€202k€196k▼
Operating profit (loss)9901€187k€162k▼
Financial income75/76B€782€3k▲
Recurring financial income75€782€3k▲
Financial charges65/66B€20k€21k▲
Recurring financial charges65€20k€21k▲
Profit (loss) for the period before taxes9903€168k€144k▼
Income taxes67/77€45k€41k▼
Profit (loss) for the period9904€123k€103k▼
Profit (loss) for the period to be appropriated9905€123k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€429k€532k▲
Profit (loss) brought forward from the previous period14P€306k€429k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €542k ▲23.5%
5 profitable years in a row build equity to €542k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2021net €127k ▲8.2%
Net result €127k, the highest in the series.
31-12
Financial
Equity above €200kEq €316k ▲67.4%
3 profitable years in a row build equity to €316k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €189k ▲165%
2 profitable years in a row build equity to €189k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Olne · 7 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Georges Romedenne 44877 OlneGround area
1.3 ha
Building footprint
2,517 m²
Volume, LiDAR
9,863 m³
7 parcels, Wallonia · tallest building 13.8 m, ±2 floors. Linked by address, not a title deed.
7 establishment units
DE SPIEGELEER FUNERAILLES
since 20212.318.499.344
DE SPIEGELEER FUNERAILLES
since 20212.318.499.443
Rue Georges Romedenne 4, 4877 Olne
since 20212.317.354.447
FUNERARIUM 2000
since 20222.332.644.122
Funérarium de Gerpinnes
since 20262.390.733.561
Funérarium de Mont sur Marchienne
since 20262.390.733.660
Show 1 more locations
Funérarium de Nalinnes
since 20262.390.733.759
7 parcels
Wallonia
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52393B0100/00E014 | Wallonia | 3,472 m² | 1 · 696 m² | 13.8 m · 2 fl. |
| 63057A0104/00A003 | Wallonia | 2,338 m² | 1 · 223 m² | - |
| 52028A0081/00B008 | Wallonia | 2,041 m² | 1 · 599 m² | 10.4 m · 2 fl. |
| 52392C0692/00S002 | Wallonia | 1,782 m² | 1 · 211 m² | 7.3 m · 2 fl. |
| 56058A1030/00F000 | Wallonia | 1,021 m² | 1 · 147 m² | 8.1 m · 2 fl. |
| 52050A0164/00B010 | Wallonia | 1,001 m² | 1 · 427 m² | - |
| 52001B0240/00W000 | Wallonia | 873 m² | 1 · 213 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 34,000 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2021
Fiscal year end31-12
Abbreviation FR
DMO
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47761Retail sale of flowers, plants, seeds and fertilisers
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.