MODAERT RONNY
Open bankruptcyA bankruptcy procedure is open for MODAERT RONNY according to publications in the Belgian State Gazette; curator: JAN WYLLEMAN. The 2025 annual accounts show negative equity (€-30k) and a net result of €17k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 13204 sector peers (2025).
NBB · sector comparisonPosition among 13204 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 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
13 d late
2024
5 d late
2023
22 d late
2022
on the day
2021
on the day
2020
5 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-30k▲ 36.7%
2024 · €-47k
2019: €32k
2020: €72k
2021: €33k
2022: €47k
2023: €-4k
2024: €-47k
2019 → 2025
Total assets
€49k▼ 9.1%
2024 · €54k
2019: €63k
2020: €101k
2021: €77k
2022: €102k
2023: €64k
2024: €54k
2019 → 2025
Net result
€17k
2024 · €-42k
2019: €70k
2020: €40k
2021: €-38k
2022: €13k
2023: €-51k
2024: €-42k
2019 → 2025
Working capital
€-24k▲ 37.1%
2024 · €-39k
2019: €6k
2020: €-13k
2021: €-10k
2022: €9k
2023: €-6k
2024: €-39k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€47k▲ 39.9%€-4k€-47k▼ 945%€-30k▲ 36.7%
Operating result€-38k-€15k€-48k€-39k▲ 18.5%€22k
Net result€-38k-€13k€-51k€-42k▲ 17.4%€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €39k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€947▼ 78.5%
Current assets
€48k▼ 3.0%
Key figures and ratios
EBITDA
€25k▲
2024 · €-36k
Cash flow
€21k▲
2024 · €-39k
Solvency
-60.3%▲
2024 · -86.5%
Current ratio
0.66▲
2024 · 0.56
Quick ratio
0.63▲
2024 · 0.53
Debt / equity
-2.66▼
2024 · -2.16
ROA
35.0%▲
2024 · -78.3%
Interest coverage
5.08▲
2024 · -8.09
Debt
€79k▼
2024 · €101k
Debt ≤ 1 year
€72k▼
2024 · €88k
Staff costs
€43k▼
2024 · €74k
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€54k€49k▼
Fixed assets21/28€4k€947▼
Tangible fixed assets22/27€4k€947▼
Plant, machinery and equipment23€264€198▼
Furniture and vehicles24€3k€749▼
Other tangible fixed assets26€2k€0▼
Current assets29/58€50k€48k▼
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€6k€1k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€54k€49k▼
Equity10/15€-47k€-30k▲
Contributions10/11€41k€41k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-127k€-110k▲
Amounts payable17/49€101k€79k▼
Amounts payable within one year42/48€88k€72k▼
Financial debts43€25k€25k▼
Credit institutions430/8€25k€25k▼
Trade debts44€22k€20k▼
Suppliers440/4€22k€20k▼
Taxes, remuneration and social security45€17k€17k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€11k€12k▲
Other amounts payable47/48€25k€11k▼
Accrued charges and deferred income492/3€13k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€74k€43k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€42k€71k▲
Operating profit (loss)9901€-39k€22k▲
Financial income75/76B€1k€504▼
Recurring financial income75€1k€504▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-42k€17k▲
Profit (loss) for the period9904€-42k€17k▲
Profit (loss) for the period to be appropriated9905€-42k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-127k€-110k▲
Profit (loss) brought forward from the previous period14P€-85k€-127k▼
The notes to these accounts (8 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
16-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · MODAERT RONNY BV ADOLF BUYLSTRAAT 44 A, 8400 OOSTENDE · event 10-09-2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-06
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-06
Financial
Weakest financial yearnet €-51k ▼484%
Net result drops to €-51k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostende · 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.
Adolf Buylstraat 44 A8400 OostendeGround area
259 m²
Building footprint
79 m²
Volume, LiDAR
863 m³
Parcel 35013A0120/00D002, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TAVERNE JAMES
since 20082.171.824.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0120/00D002 | Flanders | 259 m² | 1 · 79 m² | 13.7 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN WYLLEMAN Nijverheidsstraat 82, 8400 OOSTENDE- |
10-09-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.171.824.654
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Of 14,025 companies in sector 56301 we hold annual accounts for 4,894. 4,077 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-06-2008
Fiscal year end30-06
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.