LE MODULE
ActiveSummary
LE MODULE has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€421) and a net result of €504. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 11% of 699 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-02-1984 Normal situation
- Activity
- Other social work without accommodation NACE 88999
- Establishment unit
- 2.195.877.684 7000 Mons, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €498,777
- ▼ 3.4%
- Turnover
- ≈ €590,000
- estimated
- Surplus
- €504
- ▲ 84×
- Equity
- -€421
- ▲ 54.5%
- Total assets
- €249,106
- ▲ 29.5%
- Staff
- ≈ 7.2 FTE
- estimated
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€421lowers riskLegal form: non-profit associationSize: total assets €249,106Liquidity: current ratio 1.70, cash €185,730Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 88, micro). It does better than 10% of them on solvency, 52% on liquidity, 25% on profitability and 82% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 18 filings
Every figure per financial year
The operating result for 2025 is over 4.7 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €2 | - | - | - | - |
| Depreciation and write-downs of the year | €2,360 | €1,555 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 18 entries · €2.2m in total| Year | Entries | Paid |
|---|---|---|
| 2025 | 13 | €589,760 |
| 2024 | 1 | €604,093 |
| 2023 | 1 | €567,879 |
| 2022 | 1 | €446,120 |
| 2021 | 2 | €35,129 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Membership fees, donations, legacies and grants73 | - | - | - | €486,021 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €42,578 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €440,752 | €449,257 | €544,099 | €516,017 | €498,110 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €805 | €2,360 | €2,360 | €1,555 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €648 | €325 | - | - | - |
| Gross operating margin9900 | €386,405 | €403,401 | €421,568 | €443,443 | €451,840 | €544,931 | €516,158 | €498,777 | ▼ 3.4% |
| Operating profit (loss)9901 | €303 | €257 | €320 | €331 | €380 | €507 | €141 | €667 | ▲ 373% |
| Financial income75/76B | - | - | - | €2 | €1 | €2 | €5 | €3 | ▼ 40.0% |
| Recurring financial income75 | €3 | €3 | €3 | €2 | €1 | €2 | €5 | €3 | ▼ 40.0% |
| Financial charges65/66B | - | - | - | €331 | €379 | €507 | €140 | €166 | ▲ 18.6% |
| Recurring financial charges65 | €303 | €257 | €300 | €331 | €379 | €507 | €140 | €166 | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €3 | €3 | €23 | €2 | €2 | €2 | €6 | €504 | ▲ 84× |
| Profit (loss) for the period9904 | €3 | €3 | €23 | €2 | €2 | €2 | €6 | €504 | ▲ 84× |
| Profit (loss) for the period to be appropriated9905 | €3 | €3 | €23 | €2 | €2 | €2 | €6 | €504 | ▲ 84× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €158,045 | €186,483 | €197,654 | €205,937 | €176,898 | €191,601 | €192,417 | €249,106 | ▲ 29.5% |
| Fixed assets21/28 | €1,958 | €3,569 | €5,876 | €3,518 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €1,609 | €3,915 | €1,555 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,555 | - | - | - | - | - |
| Financial fixed assets28 | €1,958 | €1,960 | €1,961 | €1,963 | - | - | - | - | - |
| Current assets29/58 | €156,087 | €182,914 | €191,778 | €202,419 | €176,898 | €191,601 | €192,417 | €249,106 | ▲ 29.5% |
| Amounts receivable within one year40/41 | €39,984 | €51,471 | €50,588 | €54,308 | €48,837 | €75,901 | €48,115 | €58,408 | ▲ 21.4% |
| Trade receivables40 | - | - | - | - | - | €157 | €20 | - | - |
| Other amounts receivable41 | - | - | - | €54,308 | €48,837 | €75,744 | €48,095 | €58,408 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €112,425 | €127,266 | €137,827 | €144,356 | €121,434 | €111,469 | €137,637 | €185,730 | ▲ 34.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3,755 | €6,627 | €4,231 | €6,665 | €4,968 | ▼ 25.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €158,045 | €186,483 | €197,654 | €205,937 | €176,898 | €191,601 | €192,417 | €249,106 | ▲ 29.5% |
| Equity10/15 | -€963 | -€960 | -€937 | -€935 | -€933 | -€931 | -€925 | -€421 | ▲ 54.5% |
| Profit (loss) carried forward14 | -€963 | -€960 | -€937 | -€935 | -€933 | -€931 | -€925 | -€421 | ▲ 54.5% |
| Amounts payable17/49 | €159,008 | €187,443 | €198,591 | €206,872 | €177,831 | €192,532 | €193,342 | €249,527 | ▲ 29.1% |
| Amounts payable within one year42/48 | €132,132 | €135,648 | €196,035 | €191,237 | €126,373 | €192,437 | €156,596 | €146,131 | ▼ 6.7% |
| Trade debts44 | €2,156 | €2,156 | €10,339 | €2,961 | €4,290 | €4,642 | €4,579 | €3,960 | ▼ 13.5% |
| Suppliers440/4 | - | - | - | €2,961 | €4,290 | €4,642 | €4,579 | €3,960 | ▼ 13.5% |
| Taxes, remuneration and social security45 | - | - | - | €71,572 | €88,647 | €94,043 | €58,265 | €81,855 | ▲ 40.5% |
| Taxes450/3 | - | - | - | €9,523 | €12,389 | €19,430 | €11,724 | €12,397 | ▲ 5.7% |
| Remuneration and social security454/9 | - | - | - | €62,049 | €76,258 | €74,613 | €46,541 | €69,458 | ▲ 49.2% |
| Accrued charges and deferred income492/3 | - | - | - | €15,635 | €51,458 | €95 | €36,746 | €103,396 | ▲ 181% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3 | €3 | €23 | €2 | €2 | €2 | €6 | €504 | ▲ 84× |
| + Depreciation and write-downs630 | - | €805 | €2,360 | €2,360 | €1,555 | - | - | - | - |
| Operating cash flow (approximation) | €3 | €808 | €2,383 | €2,362 | €1,557 | €2 | €6 | €504 | ▲ 84× |
| Investment in fixed assets (approximation) | - | -€2,416 | -€4,667 | -€2 | - | - | - | - | - |
| Change in cash | - | €14,841 | €10,561 | €6,529 | -€22,922 | -€9,965 | €26,168 | €48,093 | ▲ 83.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,449 companies had the same profile as LE MODULE has now. Two years later, 92.2% were still going and 2.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LE MODULE itself is lower: < 0.1% within 12 months. It rests on far more data about LE MODULE than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,449 companies, not a prediction for LE MODULE. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00206109 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00217302 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00174335 | |
| 31-12-2022 | micro format | 01-07-2023 | 2023-00190174 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20181876 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-38900521 | |
| 31-12-2019 | full format | 17-09-2020 | 2020-53900125 | |
| 31-12-2018 | full format | 26-06-2019 | 2019-23500444 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-40700118 | |
| 31-12-2016 | full format | 10-07-2017 | 2017-29900142 |
Board & ownership
Directors
Board 7
Day-to-day management 1
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CUVELIER Mathieu |
|
| DECELLIER Brigitte |
|
| GHYOT Eric |
|
| MAHIEU Fanny |
|
| Alexis FEVRIER |
|
| Alexandre MOLLET |
|
| Pascale Stolfi |
|
| Hélène Degrève |
|
| Joseph LICATA |
|
| Monique LESTIENNE |
|
| Daniella Matis |
|
Articles of association
- Membership ruleThe articles set who can become a member or partner, and on what terms.
- “5, membres spécialisés dans les problèmes d'éducation et d'aide aux personnes et aux familles ainsi que des personnes qui, à titre…”“Demande écrite des intéressés, deux tiers”
Articles of association, deed of 25-04-2023 (in French)
Network & group
LE MODULE shares no director with another company.
Companies at the same address
6 other companies- UNITE J&N Registered office · since 2025 1024210033
- JN B&C Registered office · since 2025 1023098491
- M@.FINANCE Establishment · since 2016 0553588601
- HOVERTONE Registered office · since 2015 0644610629
- Secrétariat Conjoint INTERREG France - Wallonie - Vlaanderen Registered office · since 2002 0475627325
- BERNARD PINCHART Establishment · since 1997 0462278640
Connections & network
7 current directorsThe network starts from the directors of LE MODULE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-09
Gazette deed
Resignation: Daniella Matis (day-to-day manager)2 points ▸
- Board meeting, 16-09-2026
- Director resignation, Daniella Matis (day-to-day manager)
05-08
Gazette deed
1 director appointed, 2 directors resigningAppointment: Pascale Stolfi (director) · Resignations: Joseph LICATA (director) and Monique LESTIENNE (director)11 points ▸
- General meeting, 11-06-2026
- Director appointment, Pascale Stolfi (director)
- Director resignation, Joseph LICATA (director)
- Director resignation, Monique LESTIENNE (director)
- Board composition, Eric GHYOT (chair)
- Board composition, Mathieu CUVELIER (director)
- Board composition, Brigitte DECELLIER (director)
- Board composition, Fanny MAHIEU (director)
- Board composition, Alexis FEVRIER (director)
- Board composition, Alexandre MOLLET (director)
- Board composition, Pascale Stolfi (director)
30-06
Gazette deed
Appointment: Alexandre MOLLET (director)10 points ▸
- General meeting, 22-05-2025
- Director appointment, Alexandre MOLLET (director)
- Board composition, Eric GHYOT (chair)
- Board composition, Mathieu CUVELIER (vice-chair)
- Board composition, Monique LESTIENNE (treasurer)
- Board composition, Brigitte DECELLIER (secretary)
- Board composition, Joseph LICATA (director)
- Board composition, Fanny MAHIEU (director)
- Board composition, Alexis FEVRIER (director)
- Board composition, Alexandre MOLLET (director)
01-12
Gazette deed
Appointments: Hélène Degrève (daily management delegate) and Daniella Matis (daily management delegate)4 points ▸
- General meeting, 14-06-2023
- Board meeting, 14-06-2023
- Director appointment, Hélène Degrève (daily management delegate)
- Director appointment, Daniella Matis (daily management delegate)
25-04
Gazette deed
Registered office · Amendment of the articlesGeneral meeting1 point ▸
- General meeting, 01-12-2022
12-07
Gazette deed
Appointment: Alexis FEVRIER (director)8 points ▸
- General meeting, 19-05-2022
- Director appointment, Alexis FEVRIER (director)
- Board composition, Eric GHYOT (chair)
- Board composition, Mathieu CUVELIER (vice-chair)
- Board composition, Monique LESTIENNE (treasurer)
- Board composition, Brigitte DECELLIER (secretary)
- Board composition, Joseph LICATA (director)
- Board composition, Fanny MAHIEU (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- L'association a pour but exclusif d'appliquer les missions contenues dans l'arrêté du gouvernement de la communauté française du 18 janvier 2018 relatif aux conditions particulières d'agrément et d'octroi des subventions pour les Services d'accompagnements Psycho-Socio-Educatifs.
- La mission psycho-médico-éducative consiste à apporter à l'enfant, sa famille et ses familiers un accompagnement social, éducatif et psychologique dans le milieu de vie et le cas échéant apporter à la suite de cet accompagnement, une aide spécifique à l'enfant en résidence autonome.
- Dans le cadre de cette mission le service peut assurer le relais d'une réinsertion familiale.
- Pour accomplir son but elle peut accomplir tous les actes se rapportant directement ou indirectement à son but.
- Elle peut prêter son concours ou le recevoir et s'intéresser à tout autre groupement association, public ou privé se rapportant à son but.
- Elle pourra favoriser et organiser tout acte qui serait de nature à lui permettre de réaliser son but.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53403E0398/00B000 | Wallonia | 1,124 m² | 1 · 575 m² | 19.0 m · 4 |