MODA VOSTRA
ActiveMODA VOSTRA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €21k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency99▲+46
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 1.37 in 2024), and 36.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
63.4%
Return on assets
28.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
92 d late
2022
31 d late
2021
9 d early
2020
26 d late
2019
30 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▲ 82.9%
2024 · €25k
2018: €12k
2019: €15k
2020: €22k
2021: €36k
2022: €26k
2023: €27k
2024: €25k
2018 → 2025
Total assets
€71k▼ 16.8%
2024 · €86k
2018: €37k
2019: €41k
2020: €68k
2021: €76k
2022: €59k
2023: €67k
2024: €86k
2018 → 2025
Net result
€21k▲ 238%
2024 · €6k
2018: €6k
2019: €3k
2020: €7k
2021: €15k
2022: €-10k
2023: €901
2024: €6k
2018 → 2025
Working capital
€45k▲ 96.9%
2024 · €23k
2018: €13k
2019: €13k
2020: €46k
2021: €31k
2022: €25k
2023: €25k
2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€26k▼ 28.3%€27k▲ 3.5%€25k▼ 8.1%€45k▲ 82.9%
Operating result€21k-€-14k€3k€10k▲ 264%€32k▲ 209%
Net result€15k-€-10k€901€6k▲ 575%€21k▲ 238%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 209% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€758▼ 64.7%
Current assets
€71k▼ 15.6%
Equity and liabilities €71k
Equity
€45k▲ 82.9%
Debt
€26k▼ 57.2%
The debt ratio falls from 71.2% to 36.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€32k▲
2024 · €11k
Cash flow
€21k▲
2024 · €7k
Solvency
63.4%▲
2024 · 28.8%
Current ratio
2.70▲
2024 · 1.37
Quick ratio
2.70▲
2024 · 1.37
Debt / equity
0.58▼
2024 · 2.47
ROE
45.3%▲
2024 · 24.6%
ROA
28.7%▲
2024 · 7.1%
Interest coverage
32.57▲
2024 · 3.88
Debt
€26k▼
2024 · €61k
Debt ≤ 1 year
€26k▼
2024 · €61k
Income taxes
€11k▲
2024 · €1k
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€86k€71k▼
Fixed assets21/28€2k€758▼
Tangible fixed assets22/27€2k€758▼
Furniture and vehicles24€2k€758▼
Financial fixed assets28€200-
Current assets29/58€84k€71k▼
Amounts receivable within one year40/41€72k€58k▼
Trade receivables40€9k€5k▼
Other amounts receivable41€63k€54k▼
Cash at bank and in hand54/58€12k€9k▼
Deferred charges and accrued income490/1€299€4k▲
Equity and liabilities
Total equity and liabilities10/49€86k€71k▼
Equity10/15€25k€45k▲
Reserves13€6k€27k▲
Distributable reserves133€6k€27k▲
Profit (loss) carried forward14€19k€19k=
Amounts payable17/49€61k€26k▼
Amounts payable within one year42/48€61k€26k▼
Trade debts44€60k€14k▼
Suppliers440/4€60k€14k▼
Taxes, remuneration and social security45€1k€12k▲
Taxes450/3€1k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€875€429▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€16k€38k▲
Operating profit (loss)9901€10k€32k▲
Financial income75/76B-€175
Recurring financial income75-€175
Financial charges65/66B€3k€995▼
Recurring financial charges65€3k€995▼
Profit (loss) for the period before taxes9903€7k€31k▲
Income taxes67/77€1k€11k▲
Profit (loss) for the period9904€6k€21k▲
Profit (loss) for the period to be appropriated9905€6k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€39k▲
Profit (loss) brought forward from the previous period14P€19k€19k=
Transfer to equity691/2€6k€21k▲
To other reserves6921€6k€21k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €21k ▲238%
Operating result €32k, net result €21k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Back to profitnet €901
Net result €901 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-10k ▼169%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.11
Current ratio from 1.49 to 3.11; short-term debt falls from €26k to €22k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-12-2022
Patricia Guns: Resigned as Director
20-12-2022
Patrick Ben Lakhal-Dungelhoeff: Resigned as Director
09-08-2018
Patrick Ben Lakhal-Dungelhoeff: Resigned as Managing director
01-01-2014
Philippe Tedeschi: Resigned as Managing director
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2008
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.
Sterrestraat 588700 TieltGround area
337 m²
Building footprint
137 m²
Volume, LiDAR
684 m³
Parcel 37001A0547/00P000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sterrestraat 58, 8700 Tielt
since 20082.168.419.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37001A0547/00P000 | Flanders | 337 m² | 1 · 137 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
FLGT
BE 0642.821.968
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REYNDERS-DAENEN
BE 0424.538.613
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MARIS
BE 0877.820.405
Mechelen · Eq €47k
Sofarel
BE 0407.974.773
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THE VELVET FACTORY
BE 0471.587.373
Beringen · Eq €43k
Of 200 companies in sector 46425 we hold annual accounts for 136. 77 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2008
Fiscal year end31-12
Activities, NACEBEL
46425Wholesale trade
46421Wholesale trade
46422Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46498Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.