MODAFOODS
ActiveSummary
MODAFOODS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.79M and a net result of €386k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-5
Solvency70▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.4 in 2024; short-term debt: 30.8% and cash: 10.5% of total assets), and 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
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
44.8%
Return on assets
9.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.79M
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
36 d early
2022
47 d early
2021
25 d early
2020
25 d early
2019
62 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.79M▲ 26.4%
2024 · €1.41M
2018: €2.43M
2019: €2.48M
2020: €2.99M
2021: €476k
2022: €631k
2023: €947k
2024: €1.41M
2018 → 2025
Total assets
€3.99M▲ 13.3%
2024 · €3.52M
2018: €3.63M
2019: €6.34M
2020: €5.79M
2021: €3.49M
2022: €3.41M
2023: €3.30M
2024: €3.52M
2018 → 2025
Net result
€386k▼ 21.3%
2024 · €491k
2018: €191k
2019: €69k
2020: €483k
2021: €232k
2022: €225k
2023: €317k
2024: €491k
2018 → 2025
Working capital
€587k▲ 21.4%
2024 · €483k
2018: €108k
2019: €-277k
2020: €309k
2021: €244k
2022: €144k
2023: €178k
2024: €483k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€476k-€631k▲ 32.6%€947k▲ 50.1%€1.41M▲ 49.2%€1.79M▲ 26.4%
Operating result€597k-€388k▼ 35.0%€427k▲ 10.1%€754k▲ 76.5%€571k▼ 24.3%
Net result€232k-€225k▼ 3.0%€317k▲ 40.9%€491k▲ 55.1%€386k▼ 21.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.99M
Fixed assets
€2.17M ▲ 18.6%
Current assets
€1.82M ▲ 7.6%
Equity and liabilities €3.99M
Equity
€1.79M ▲ 26.4%
Debt
€2.20M ▲ 4.5%
Debt's share of the balance-sheet total falls from 59.9% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€736k▼
2024 · €903k
Cash flow
€552k▼
2024 · €640k
Current ratio
1.48▲
2024 · 1.40
Quick ratio
0.98▲
2024 · 0.94
Debt to equity
1.23▼
2024 · 1.49
ROE
21.6%▼
2024 · 34.8%
ROA
9.7%▼
2024 · 13.9%
Interest coverage
17.93▼
2024 · 22.85
Debt ≤ 1 year
€1.23M▲
2024 · €1.20M
Debt > 1 year
€874k▲
2024 · €780k
Income taxes
€151k▼
2024 · €236k
Staff costs
€775k▲
2024 · €705k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.52M€3.99M▲
Fixed assets21/28€1.83M€2.17M▲
Tangible fixed assets22/27€1.82M€2.16M▲
Plant, machinery and equipment23€1.47M€1.59M▲
Furniture and vehicles24€49k€70k▲
Other tangible fixed assets26€301k€503k▲
Financial fixed assets28€9k€9k=
Current assets29/58€1.69M€1.82M▲
Stocks and contracts in progress3€552k€610k▲
Stocks30/36€552k€610k▲
Amounts receivable within one year40/41€204k€244k▲
Trade receivables40€134k€158k▲
Other amounts receivable41€70k€86k▲
Current investments50/53€525k€525k=
Cash at bank and in hand54/58€385k€417k▲
Deferred charges and accrued income490/1€22k€21k▼
Equity and liabilities
Total equity and liabilities10/49€3.52M€3.99M▲
Equity10/15€1.41M€1.79M▲
Contributions10/11€29k€29k=
Reserves13€1.38M€1.75M▲
Distributable reserves133€1.38M€1.75M▲
Profit (loss) carried forward14€0€0=
Investment grants15€4k€4k▼
Amounts payable17/49€2.11M€2.20M▲
Amounts payable after more than one year17€780k€874k▲
Financial debts170/4€780k€874k▲
Amounts payable within one year42/48€1.20M€1.23M▲
Current portion of amounts payable after more than one year42€142k€209k▲
Financial debts43€56k€63k▲
Credit institutions430/8€56k€63k▲
Trade debts44€742k€804k▲
Suppliers440/4€742k€804k▲
Taxes, remuneration and social security45€199k€111k▼
Taxes450/3€140k€50k▼
Remuneration and social security454/9€59k€61k▲
Other amounts payable47/48€65k€42k▼
Accrued charges and deferred income492/3€123k€100k▼
Income statement
Code20242025
Remuneration, social security and pensions62€705k€775k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€165k▲
Other operating charges640/8€5k€18k▲
Gross operating margin9900€1.61M€1.53M▼
Operating profit (loss)9901€754k€571k▼
Financial income75/76B€12k€8k▼
Recurring financial income75€12k€8k▼
Financial charges65/66B€40k€41k▲
Recurring financial charges65€40k€41k▲
Profit (loss) for the period before taxes9903€727k€537k▼
Income taxes67/77€236k€151k▼
Profit (loss) for the period9904€491k€386k▼
Profit (loss) for the period to be appropriated9905€491k€386k▼
Appropriation of the result
Profit (loss) to be appropriated9906€491k€386k▼
Transfer from equity791/2€25k€14k▼
Transfer to equity691/2€491k€386k▼
To other reserves6921€491k€386k▼
Profit to be distributed694/7€25k€14k▼
Return on contributions (dividend)694€25k€14k▼
Social balance
Average headcount (FTE)908718.618.6=
The notes to these accounts (23 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €491k ▲55.1%
Operating result €754k, net result €491k, both a record.
31-12
Financial
Equity above €1MEq €1.41M ▲49.2%
7 profitable years in a row build equity to €1.41M.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €631k ▲32.6%
5 profitable years in a row build equity to €631k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
31-12
Financial
Weakest financial yearnet €69k ▼64.1%
Net result drops to €69k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 41 days late
2017
26-06
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.
Directors · office · real estate
Directors
10 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, Malle · 1 establishment unit since 2001
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.
Hoogstraatsebaan 232390 MalleGround area
4,257 m²
Building footprint
1,369 m²
Volume, LiDAR
7,919 m³
Parcel 11032A0467/00L002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD DELHAIZE OOSTMALLE
since 20012.101.211.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032A0467/00L002 | Flanders | 4,257 m² | 1 · 1,369 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 4,653 EUR awarded · 4,653 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 3,778 EUR | 3,778 EUR |
| 2022 | 2 | 875 EUR | 875 EUR |
Schemes
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMalle2.101.211.129
Dual-learning approval
3 live approvals · 1 endedOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 1 ended approval
Winkelbediende (so)
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 1,619 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.