Equity
-€81
Debts exceed assets in financial year 2025.
MODABEL
Lifetime
4 annual accounts with figures on one time axispeak €15,828 (2022)
€10,018▼ 10.0%
lowest -€2,787 (2022)
€268▲ €593
peak -€24 (2023)
-€81▲ €268
€7,192▲ 1.5%
Board1 name since 2018
-
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€261 to €421Back to profit: €268Strikeout withdrawn 19-09Equity from -€349 to -€81
Key points
from the 2025 annual accountsDebts
€7,192 101% of the balance sheet
Payment terms
151 days to suppliers
MODABEL pays its suppliers 36 days later than in 2024. Customers pay 1 day later.
2025 accounts filed 28 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 907 companies had the same profile as MODABEL has now. Each dot stands for 3 companies, two years later.
89.3%
were still trading
4.2%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 907 companies, not a prediction for MODABEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
last known boardManager, last mentioned in 2018
- 80 sharesdeed of 25-06-2018
- 20 sharesdeed of 25-06-2018
Recent changes
Strikeout withdrawn
KBO administration
Accounts not filed
effective 18-04-2023 · KBO administration
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointment: (manager) · published on 25-06-2018 · Gazette deed
2 establishments registered
Anderlecht and Molenbeek-Saint-Jean
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MODABEL Anderlecht | €10,018 | 3.4% | -1.1% | - |
| BestGirl Molenbeek-Saint-Jean | - | - | -276.0% | - |
| Moonwalker Shoes Uccle | - | - | -896.4% | - |
| STAN SHOES Brussels | €16,755 | -27.0% | -367.3% | - |
| TALENT D'OR Sint-Gillis (bij-Brussel) | - | - | -61.0% | - |
| MI SUEŇO Tremelo | - | - | -234.8% | - |
| Rafael Samir Antwerp | €131,038 | -53.1% | -229.5% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MODABEL: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €4,470 and €25,200, founded between 2011 and 2022.
Official details
Source: KBO- Status
- Active since 21-06-2018Normal situation
- Activity
- Retail sale of footwearNACE 47721
- Establishment units
- 2.277.766.6681070 Anderlecht, since 21-06-2018
- 2.277.766.7671080 Molenbeek-Saint-Jean, since 21-06-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on MODABEL
Turnover has fallen every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MODABEL
- What is the company number of MODABEL?
- The company number of MODABEL is 0698.696.542. The VAT number is the same number with BE in front: BE 0698.696.542.
- Where is MODABEL based?
- The registered office is at Wayezstraat 171, 1070 Anderlecht.Company details
- What does MODABEL do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of MODABEL?
- MODABEL is a private limited company (pre-2019) (BVBA).
- When was MODABEL founded?
- MODABEL was founded on 21-06-2018.
- Is MODABEL still active?
- Yes, MODABEL is an active enterprise in the KBO register.
- What is the turnover of MODABEL?
- The turnover of MODABEL was €10,018 in financial year 2025, according to the filed annual accounts.Financials
- Is MODABEL profitable?
- In financial year 2025, MODABEL made a profit of €268.
- Where can I find the annual accounts of MODABEL?
- MODABEL filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MODABEL due?
- MODABEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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