Moda - Rigi
ActiveSummary
Moda - Rigi has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €432,729 and a net result of €24,854. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+64
Solvency75▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.77 in 2024; short-term debt: 49.4% and cash: 25.8% of total assets), and 49.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
50.1%
Return on assets
2.9%
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
49 d early
2022
49 d early
2021
48 d early
2020
47 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€432,729▲ 6.1%
2024 · €407,874
Total assets
€864,221▲ 22.8%
2024 · €703,558
Net result
€24,854
2024 · -€60,431
Working capital
€279,525▲ 25.7%
2024 · €222,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€87,042-€21,063-€22,380▼ 6.3%-€61,904▼ 177%€28,830
Net result€79,755within the sector's middle half-€23,091below the sector's middle half-€23,628below the sector's middle half▼ 2.3%-€60,431below the sector's middle half▼ 156%€24,854within the sector's middle half
Equity€609,408within the sector's middle half▲ 15.1%€585,517within the sector's middle half▼ 3.9%€468,305within the sector's middle half▼ 20.0%€407,874within the sector's middle half▼ 12.9%€432,729within the sector's middle half▲ 6.1%
Total assets€796,864within the sector's middle half▲ 13.2%€786,906within the sector's middle half▼ 1.2%€752,922within the sector's middle half▼ 4.3%€703,558within the sector's middle half▼ 6.6%€864,221within the sector's middle half▲ 22.8%
Debt€168,811▲ 11.1%€186,224▲ 10.3%€272,930▲ 46.6%€287,477▲ 5.3%€426,765▲ 48.5%
Working capital€345,847within the sector's middle half▲ 51.0%€301,843within the sector's middle half▼ 12.7%€234,616within the sector's middle half▼ 22.3%€222,417within the sector's middle half▼ 5.2%€279,525within the sector's middle half▲ 25.7%
Solvency76.5%above the sector's middle half▲ 1.2pp74.4%above the sector's middle half▼ 2.1pp62.2%above the sector's middle half▼ 12.2pp58.0%within the sector's middle half▼ 4.2pp50.1%within the sector's middle half▼ 7.9pp
Current ratio3.05above the sector's middle half▲ 0.492.62within the sector's middle half▼ 0.431.86within the sector's middle half▼ 0.761.77within the sector's middle half▼ 0.091.65within the sector's middle half▼ 0.12
Return on assets (ROA)10.0%within the sector's middle half▲ 19.8pp-2.9%below the sector's middle half▼ 12.9pp-3.1%below the sector's middle half▼ 0.2pp-8.6%below the sector's middle half▼ 5.5pp2.9%within the sector's middle half▲ 11.5pp
Staff (FTE)2.9within the sector's middle half=3.2within the sector's middle half▲ 10.3%3.7within the sector's middle half▲ 15.6%4.1within the sector's middle half▲ 10.8%4.1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28,830 after a loss of €61,904 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €864,221
Fixed assets
€157,932 ▼ 18.5%
Current assets
€706,290 ▲ 38.5%
Equity and liabilities €864,221
Equity
€432,729 ▲ 6.1%
Provisions
€4,728 ▼ 42.4%
Debt
€426,765 ▲ 48.5%
Debt's share of the balance-sheet total rises from 40.9% to 49.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86,111▲
2024 · -€7,033
Cash flow
€82,135▲
2024 · -€5,559
Quick ratio
0.59▼
2024 · 0.60
Debt to equity
0.99▲
2024 · 0.70
ROE
5.7%▲
2024 · -14.8%
Interest coverage
22.44▲
2024 · -3.74
Debt ≤ 1 year
€426,765▲
2024 · €287,477
Income taxes
€3,618▲
2024 · €147
Staff costs
€173,727▲
2024 · €167,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €78,215 | €112,008 | €162,300 | €167,578 | €173,727 | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,897 | €52,462 | €56,469 | €54,871 | €57,281 | ▲ 4.4% |
| Other operating charges640/8 | €2,017 | €684 | €729 | €834 | €784 | ▼ 6.1% |
| Gross operating margin9900 | €218,171 | €144,090 | €197,119 | €161,379 | €260,622 | ▲ 61.5% |
| Operating profit (loss)9901 | €87,042 | -€21,063 | -€22,380 | -€61,904 | €28,830 | ▲ 147% |
| Financial income75/76B | €251 | €0 | - | €23 | €0 | ▼ 100% |
| Recurring financial income75 | €251 | €0 | - | €23 | €0 | ▼ 100% |
| Financial charges65/66B | €4,595 | €4,515 | €4,539 | €1,882 | €3,837 | ▲ 104% |
| Recurring financial charges65 | €4,595 | €4,515 | €4,539 | €1,882 | €3,837 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €82,697 | -€25,578 | -€26,919 | -€63,763 | €24,993 | ▲ 139% |
| Transfer from deferred taxes780 | €3,526 | €3,479 | €3,479 | €3,479 | €3,479 | = |
| Income taxes67/77 | €6,469 | €992 | €188 | €147 | €3,618 | ▲ 2,362% |
| Profit (loss) for the period9904 | €79,755 | -€23,091 | -€23,628 | -€60,431 | €24,854 | ▲ 141% |
| Transfer from tax-exempt reserves789 | €15,856 | €31,034 | €10,438 | €10,438 | €10,438 | = |
| Profit (loss) for the period to be appropriated9905 | €95,611 | €7,943 | -€13,190 | -€49,993 | €35,292 | ▲ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €796,864 | €786,906 | €752,922 | €703,558 | €864,221 | ▲ 22.8% |
| Fixed assets21/28 | €282,205 | €298,839 | €245,376 | €193,665 | €157,932 | ▼ 18.5% |
| Intangible fixed assets21 | €4,750 | €3,314 | €858 | €434 | €8,806 | ▲ 1,927% |
| Tangible fixed assets22/27 | €277,455 | €295,525 | €244,517 | €193,230 | €149,125 | ▼ 22.8% |
| Plant, machinery and equipment23 | €274,303 | €289,566 | €239,631 | €189,417 | €138,652 | ▼ 26.8% |
| Furniture and vehicles24 | €3,152 | €5,959 | €4,886 | €3,813 | €10,473 | ▲ 175% |
| Current assets29/58 | €514,659 | €488,067 | €507,546 | €509,894 | €706,290 | ▲ 38.5% |
| Stocks and contracts in progress3 | €193,410 | €277,260 | €291,069 | €336,020 | €453,309 | ▲ 34.9% |
| Stocks30/36 | €193,410 | €277,260 | €291,069 | €336,020 | €453,309 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €691 | €2,226 | €15,272 | €9,314 | €23,373 | ▲ 151% |
| Trade receivables40 | €0 | €2,226 | €15,272 | €9,314 | €23,246 | ▲ 150% |
| Other amounts receivable41 | €691 | €0 | - | - | €127 | - |
| Current investments50/53 | €53 | €53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €316,214 | €203,818 | €196,990 | €131,309 | €222,998 | ▲ 69.8% |
| Deferred charges and accrued income490/1 | €4,291 | €4,710 | €4,214 | €33,250 | €6,610 | ▼ 80.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €796,864 | €786,906 | €752,922 | €703,558 | €864,221 | ▲ 22.8% |
| Equity10/15 | €609,408 | €585,517 | €468,305 | €407,874 | €432,729 | ▲ 6.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €547,408 | €523,517 | €406,305 | €345,874 | €370,729 | ▲ 7.2% |
| Non-distributable reserves130/1 | €20,926 | €20,926 | €20,926 | €20,926 | €20,926 | = |
| Reserves not available under the articles1311 | €20,926 | €20,926 | €20,926 | €0 | - | - |
| Other1319 | - | - | - | €20,926 | €20,926 | = |
| Tax-exempt reserves132 | €76,530 | €45,496 | €35,058 | €24,620 | €14,183 | ▼ 42.4% |
| Distributable reserves133 | €449,952 | €457,095 | €350,321 | €300,328 | €335,619 | ▲ 11.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €18,644 | €15,165 | €11,686 | €8,207 | €4,728 | ▼ 42.4% |
| Deferred taxes168 | €18,644 | €15,165 | €11,686 | €8,207 | €4,728 | ▼ 42.4% |
| Amounts payable17/49 | €168,811 | €186,224 | €272,930 | €287,477 | €426,765 | ▲ 48.5% |
| Amounts payable within one year42/48 | €168,811 | €186,224 | €272,930 | €287,477 | €426,765 | ▲ 48.5% |
| Trade debts44 | €14,314 | €33,907 | €12,422 | €10,607 | €49,824 | ▲ 370% |
| Suppliers440/4 | €14,314 | €33,907 | €12,422 | €10,607 | €49,824 | ▲ 370% |
| Taxes, remuneration and social security45 | €38,733 | €35,168 | €49,907 | €70,280 | €41,652 | ▼ 40.7% |
| Taxes450/3 | €30,159 | €25,178 | €29,408 | €40,535 | €25,950 | ▼ 36.0% |
| Remuneration and social security454/9 | €8,573 | €9,990 | €20,499 | €29,745 | €15,702 | ▼ 47.2% |
| Other amounts payable47/48 | €115,765 | €117,149 | €210,601 | €206,590 | €335,290 | ▲ 62.3% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,755 | -€23,091 | -€23,628 | -€60,431 | €24,854 | ▲ 141% |
| + Depreciation and write-downs630 | €50,897 | €52,462 | €56,469 | €54,871 | €57,281 | ▲ 4.4% |
| Operating cash flow (approximation) | €130,652 | €29,371 | €32,841 | -€5,559 | €82,135 | ▲ 1,577% |
| Investment in fixed assets (approximation) | - | -€69,096 | -€3,005 | -€3,160 | -€21,548 | ▼ 582% |
| Change in cash | - | -€112,396 | -€6,828 | -€65,681 | €91,689 | ▲ 240% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €24,854
Net result €24,854 after 3 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €79,755
Net result €79,755 after 2 loss-making years.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€68,764
Net result drops to -€68,764, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Roeselare · 3 establishment units since 1981
Ground area
802 m²
Building footprint
624 m²
Volume, LiDAR
5,462 m³
3 parcels, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
MODA RIGI
since 19812.018.099.351
MODA RIGI
since 19972.264.547.746
RIGI Outlet
since 20212.322.143.376
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0175/00D000 | Flanders | 368 m² | 1 · 218 m² | 17.2 m · 3 fl. |
| 36502B0024/00K000 | Flanders | 227 m² | 1 · 210 m² | 18.9 m · 5 fl. |
| 36015A0169/00C000 | Flanders | 206 m² | 1 · 196 m² | 13.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 395 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-1980
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420862115
Also
9925:BE0420862115
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.