MODA
InactiveFinancials · financial year 2025, abbreviated format
Equity
€250,133▼ 2.5%
2024 · €256,611
Total assets
€1.5m▲ 2.3%
2024 · €1.5m
Net result
-€6,478▲ 34.9%
2024 · -€9,954
Working capital
-€418,411▼ 34.8%
2024 · -€310,316
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 227% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.03m
2025
Net result-€0.006m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.5m
2025
Equity€0.3m
2025
Debt€1.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.1m▲ 15.8%€0.09m▼ 6.0%€0.08m▼ 9.2%€0.04m▼ 51.6%€0.09m▲ 130%€0.008m▼ 91.2%€0.03m▲ 227%
Net result€0.06m-€0.07m▲ 15.9%€0.07m▲ 6.7%€0.06m▼ 14.1%€0.02m▼ 63.5%€0.06m▲ 160%-€0.01m-€0.006m▲ 34.9%
Equity€0.3m-€0.3m▲ 4.1%€0.3m=€0.3m=€0.3m▼ 0.1%€0.3m▼ 0.2%€0.3m▼ 3.7%€0.3m▼ 2.5%
Total assets€0.4m-€0.5m▲ 11.4%€0.5m▼ 5.1%€0.6m▲ 34.9%€1.0m▲ 55.4%€0.9m▼ 1.3%€1.5m▲ 59.0%€1.5m▲ 2.3%
Debt€0.2m-€0.2m▲ 20.6%€0.2m▼ 11.5%€0.3m▲ 84.7%€0.7m▲ 98.2%€0.7m▼ 1.7%€1.3m▲ 83.8%€1.3m▲ 3.3%
Working capital-€0.01m--€0.03m▼ 70.6%-€0.06m▼ 118%-€0.1m▼ 153%-€0.2m▼ 71.6%-€0.3m▼ 10.6%-€0.3m▼ 16.2%-€0.4m▼ 34.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.5m ▲ 1.4%
Current assets
€26,933 ▲ 89.1%
Equity and liabilities €1.5m
Equity
€250,133 ▼ 2.5%
Provisions
€1,236 ▼ 13.6%
Debt
€1.3m ▲ 3.3%
Debt's share of the balance-sheet total rises from 82.9% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€58,316▼
2024 · €106,822
Cash flow
€24,907▼
2024 · €88,621
Current ratio
0.06▲
2024 · 0.04
Debt to equity
5.16▲
2024 · 4.87
ROE
-2.6%▲
2024 · -3.9%
ROA
-0.4%▲
2024 · -0.7%
Interest coverage
1.77▼
2024 · 5.81
Debt ≤ 1 year
€445,344▲
2024 · €324,562
Debt > 1 year
€846,189▼
2024 · €926,099
Income taxes
€647▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,266 | €6,942 | €6,942 | €19,259 | €69,699 | €11,352 | €98,576 | €31,385 | ▼ 68.2% |
| Other operating charges640/8 | - | - | - | €13,639 | €14,486 | €15,824 | €18,964 | €20,364 | ▲ 7.4% |
| Gross operating margin9900 | €107,497 | €118,393 | €113,234 | €117,161 | €125,010 | €121,103 | €125,786 | €78,679 | ▼ 37.5% |
| Operating profit (loss)9901 | €85,244 | €98,681 | €92,754 | €84,263 | €40,825 | €93,927 | €8,246 | €26,931 | ▲ 227% |
| Financial income75/76B | - | - | - | - | €2,908 | €0 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | - | €2,908 | €0 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €4,247 | €9,702 | €12,012 | €18,396 | €32,956 | ▲ 79.1% |
| Recurring financial charges65 | €2,914 | €2,833 | €2,800 | €4,247 | €9,702 | €12,012 | €18,396 | €32,956 | ▲ 79.1% |
| Profit (loss) for the period before taxes9903 | €82,330 | €95,849 | €89,955 | €80,015 | €34,031 | €81,915 | -€10,148 | -€6,025 | ▲ 40.6% |
| Transfer from deferred taxes780 | - | - | - | €60 | €60 | €194 | €194 | €194 | = |
| Income taxes67/77 | €25,935 | €28,232 | €20,179 | €20,110 | €12,175 | €25,114 | €0 | €647 | - |
| Profit (loss) for the period9904 | €56,396 | €65,369 | €69,776 | €59,965 | €21,917 | €56,995 | -€9,954 | -€6,478 | ▲ 34.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €181 | €181 | €581 | €581 | €581 | = |
| Profit (loss) for the period to be appropriated9905 | €56,396 | €59,867 | €69,776 | €60,146 | €22,098 | €57,576 | -€9,373 | -€5,897 | ▲ 37.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.5m | €0.5m | €0.6m | €1.0m | €0.9m | €1.5m | €1.5m | ▲ 2.3% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.3m | €0.6m | €1.0m | €0.9m | €1.5m | €1.5m | ▲ 1.4% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.3m | €0.6m | €1.0m | €0.9m | €1.5m | €1.5m | ▲ 1.4% |
| Land and buildings22 | - | - | - | €0.6m | €1.0m | €0.9m | €1.5m | €1.5m | ▲ 1.4% |
| Current assets29/58 | €0.07m | €0.1m | €0.1m | €0.01m | €0.002m | €0.001m | €0.01m | €0.03m | ▲ 89.1% |
| Amounts receivable within one year40/41 | €0.07m | €0.1m | €0.1m | €0.01m | €325 | €249 | €0.01m | €0.02m | ▲ 72.3% |
| Trade receivables40 | - | - | - | €141 | €0 | - | - | €0.007m | - |
| Other amounts receivable41 | - | - | - | €0.01m | €325 | €249 | €0.01m | €0.01m | ▲ 19.7% |
| Cash at bank and in hand54/58 | €0.002m | €56 | €0.002m | €118 | €376 | €2 | €409 | €124 | ▼ 69.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €0.002m | €0.001m | €0.001m | €0.005m | ▲ 294% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.5m | €0.6m | €1.0m | €0.9m | €1.5m | €1.5m | ▲ 2.3% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.5% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.007m | ▼ 45.0% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.005m | €0.005m | €0.004m | €0.004m | ▼ 13.6% |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.005m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€0.002m | -€0.06m | - | €0 | €0 | €0 | €0 | -€0.001m | - |
| Provisions and deferred taxes16 | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 13.6% |
| Deferred taxes168 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 13.6% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.3m | €0.7m | €0.7m | €1.3m | €1.3m | ▲ 3.3% |
| Amounts payable after more than one year17 | €0.09m | €0.06m | €0.02m | €0.2m | €0.4m | €0.4m | €0.9m | €0.8m | ▼ 8.6% |
| Financial debts170/4 | - | - | - | €0.2m | €0.4m | €0.4m | €0.9m | €0.8m | ▼ 8.6% |
| Amounts payable within one year42/48 | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 37.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.05m | €0.08m | €0.09m | ▲ 4.8% |
| Financial debts43 | - | - | - | €0.001m | €0.006m | €0.001m | €0.006m | €50 | ▼ 99.2% |
| Credit institutions430/8 | - | - | - | €0.001m | €0.006m | €0.001m | €0.006m | €50 | ▼ 99.2% |
| Trade debts44 | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.07m | ▲ 220% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.07m | ▲ 220% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.008m | €0.01m | €0.01m | €0.001m | ▼ 95.1% |
| Taxes450/3 | - | - | - | €0.008m | €0.008m | €0.01m | €0.01m | €0.001m | ▼ 95.1% |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 43.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.002m | €0.003m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,396 | €65,369 | €69,776 | €59,965 | €21,917 | €56,995 | -€9,954 | -€6,478 | ▲ 34.9% |
| + Depreciation and write-downs630 | €7,266 | €6,942 | €6,942 | €19,259 | €69,699 | €11,352 | €98,576 | €31,385 | ▼ 68.2% |
| Operating cash flow (approximation) | €63,662 | €72,312 | €76,719 | €79,225 | €91,616 | €68,347 | €88,621 | €24,907 | ▼ 71.9% |
| Investment in fixed assets (approximation) | - | €6,002 | €0 | -€281,097 | -€419,972 | €0 | -€645,296 | -€52,897 | ▲ 91.8% |
| Change in cash | - | -€1,706 | €1,805 | -€1,743 | €258 | -€374 | €408 | -€286 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-05-2026 | 2026-00121822 |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00234927 |
| 31-12-2023 | abbreviated format | 03-10-2024 | 2024-00501904 |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00471621 |
| 31-12-2021 | abbreviated format | 27-10-2022 | 2022-20485258 |
| 31-12-2020 | abbreviated format | 18-06-2021 | 2021-21400360 |
| 31-12-2019 | abbreviated format | 20-05-2020 | 2020-12800043 |
| 31-12-2018 | micro format | 13-05-2019 | 2019-12900538 |
| 31-12-2017 | micro format | 22-05-2018 | 2018-13500523 |
| 31-12-2016 | micro format | 04-05-2017 | 2017-11300072 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.