MODABEL
ActiveSummary
The computed 12-month bankruptcy probability of MODABEL is 3.6% (moderate). The 2025 annual accounts show negative equity (-€81) and a net result of €268. Equity is growing by ~125.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 10519 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
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Signals
This company filed its last 4 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
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.
Peer companies
Historical observationOf the 907 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% 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 907 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €15,828 | €13,388 | €11,135 | €10,018 | ▼ 10.0% |
| Goods, raw materials, services and sundry goods60/61 | €18,172 | €11,997 | €11,396 | €9,597 | ▼ 15.8% |
| Other operating charges640/8 | €348 | - | - | €81 | - |
| Gross operating margin9900 | -€2,344 | €1,391 | -€261 | €421 | ▲ 261% |
| Operating profit (loss)9901 | -€2,692 | €1,391 | -€261 | €340 | ▲ 230% |
| Financial charges65/66B | €95 | - | €64 | €72 | ▲ 12.2% |
| Recurring financial charges65 | €95 | - | €64 | €72 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | -€2,787 | €1,391 | -€325 | €268 | ▲ 182% |
| Income taxes67/77 | - | €512 | - | - | - |
| Profit (loss) for the period9904 | -€2,787 | €878 | -€325 | €268 | ▲ 182% |
| Profit (loss) for the period to be appropriated9905 | -€2,787 | €878 | -€325 | €268 | ▲ 182% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4,481 | €9,107 | €6,734 | €7,110 | ▲ 5.6% |
| Current assets29/58 | €4,481 | €9,107 | €6,734 | €7,110 | ▲ 5.6% |
| Stocks and contracts in progress3 | €680 | €550 | €225 | €2,105 | ▲ 836% |
| Stocks30/36 | €680 | €550 | €225 | €2,105 | ▲ 836% |
| Amounts receivable within one year40/41 | €295 | €295 | €295 | €295 | = |
| Other amounts receivable41 | €295 | €295 | €295 | €295 | = |
| Cash at bank and in hand54/58 | €3,506 | €8,258 | €5,932 | €4,710 | ▼ 20.6% |
| Deferred charges and accrued income490/1 | - | €4 | €282 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4,481 | €9,107 | €6,734 | €7,110 | ▲ 5.6% |
| Equity10/15 | -€903 | -€24 | -€349 | -€81 | ▲ 76.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€7,103 | -€6,224 | -€6,549 | -€6,281 | ▲ 4.1% |
| Amounts payable17/49 | €5,384 | €9,131 | €7,084 | €7,192 | ▲ 1.5% |
| Amounts payable within one year42/48 | €5,384 | €9,131 | €7,084 | €7,192 | ▲ 1.5% |
| Trade debts44 | €2,202 | €4,802 | €3,584 | €3,974 | ▲ 10.9% |
| Suppliers440/4 | €2,202 | €4,802 | €3,584 | €3,974 | ▲ 10.9% |
| Taxes, remuneration and social security45 | €22 | €22 | €22 | - | - |
| Taxes450/3 | €22 | €22 | €22 | - | - |
| Other amounts payable47/48 | €3,160 | €4,308 | €3,478 | €3,217 | ▼ 7.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,787 | €878 | -€325 | €268 | ▲ 182% |
| Operating cash flow (approximation) | -€2,787 | €878 | -€325 | €268 | ▲ 182% |
| Change in cash | - | €4,752 | -€2,326 | -€1,222 | ▲ 47.5% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0599/00V013 | Brussels | 96 m² | 1 · 89 m² | 12.9 m · 4 fl. |
| 21522B0739/00B008 | Brussels | 74 m² | 1 · 74 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.