MOD RENOVATION
Open bankruptcyA bankruptcy procedure is open for MOD RENOVATION according to publications in the Belgian State Gazette; curator: MARIELLE DONNE. The 2016 annual accounts show equity of €74k and a net result of €39k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 24-08-2017, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2016, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39k▲ 20.2%
2015 · €32k
2012: €21k
2013: €2k
2014: €-22k
2015: €32k
2012 → 2016
Working capital
€204k
2015 · €-24k
2012: €16k
2013: €17k
2014: €-58k
2015: €-24k
2012 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Equity€22k-€24k▲ 8.6%€3k▼ 89.6%€35k▲ 1,291%€74k▲ 112%
Operating result€37k-€13k▼ 64.4%€-27k€57k€76k▲ 33.1%
Net result€21k-€2k▼ 90.7%€-22k€32k€39k▲ 20.2%
Result per fiscal year
Operating resultNet result
After the dip in 2014 the operating result has climbed two years in a row; 2016 is 33% above 2015 and is the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.60M
Fixed assets
€200k▼ 6.3%
Current assets
€1.40M▲ 206%
Equity and liabilities €1.60M
Equity
€74k▲ 112%
Debt
€1.53M▲ 140%
The debt ratio rises from 94.8% to 95.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k▲
2015 · €74k
Cash flow
€56k▲
2015 · €49k
Solvency
4.6%▼
2015 · 5.2%
Current ratio
1.17▲
2015 · 0.95
Quick ratio
0.55▲
2015 · 0.47
Debt / equity
4.46▲
2015 · 4.39
ROE
52.7%▼
2015 · 92.8%
ROA
2.4%▼
2015 · 4.8%
Debt
€1.53M▲
2015 · €637k
Debt ≤ 1 year
€1.20M▲
2015 · €483k
Debt > 1 year
€329k▲
2015 · €153k
Income taxes
€23k▲
2015 · €11k
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 · 2016 against 2015
Balance sheet
Code20152016
Assets
Total assets20/58€672k€1.60M▲
Fixed assets21/28€213k€200k▼
Intangible fixed assets21€450-
Tangible fixed assets22/27€197k€183k▼
Financial fixed assets28€16k€17k▲
Current assets29/58€459k€1.40M▲
Stocks and contracts in progress3€233k€746k▲
Amounts receivable within one year40/41€190k€271k▲
Cash at bank and in hand54/58€35k€2k▼
Equity and liabilities
Total equity and liabilities10/49€672k€1.60M▲
Equity10/15€35k€74k▲
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Profit (loss) carried forward14€7k€46k▲
Amounts payable17/49€637k€1.53M▲
Amounts payable after more than one year17€153k€329k▲
Amounts payable within one year42/48€483k€1.20M▲
Trade debts44€116k€271k▲
Income statement
Code20152016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Gross operating margin9900€114k€253k▲
Operating profit (loss)9901€57k€76k▲
Recurring financial income75€352€2k▲
Recurring financial charges65€21k€16k▼
Profit (loss) for the period before taxes9903€43k€62k▲
Income taxes67/77€11k€23k▲
Profit (loss) for the period9904€32k€39k▲
Profit (loss) for the period to be appropriated9905€32k€39k▲
Timeline · acts, filings and financial milestones
2019
30-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · MOD RENOVATION SPRL RUE DE L’YSER 53, 4430 ANS · event 23-09-2019
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
31-12
Financial
Highest result since 2012net €39k ▲20.2%
Operating result €76k, net result €39k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Weakest financial yearnet €-22k ▼1227%
Net result drops to €-22k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 18 days late
2013
12-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
20-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
22-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 22 days late
2010
18-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2009
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.
Ground area
1,078 m²
Building footprint
153 m²
Volume, LiDAR
1,303 m³
2 parcels, Wallonia · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MOD Renovation
since 20092.176.750.670
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81003F0706/00M000 | Wallonia | 737 m² | 1 · 83 m² | 8.2 m · 2 fl. |
| 62332B0064/00L002 | Wallonia | 341 m² | 1 · 70 m² | 11.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARIELLE DONNE PLACE PUISSANT 13, 4171 POUL-
SEUR |
23-09-2019 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-2008
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.