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MODALIZY

Active
Public limited companyfounded 201511 yrs activeGeneraal Baron Empainlaan 21, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0634.782.747
Summary

The computed 12-month bankruptcy probability of MODALIZY is 2.4% (moderate). The 2025 annual accounts show negative equity (-€833,142) and a net result of -€212,099. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 5% of 6032 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MODALIZYActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of solid, liquid and gaseous fuels and related products
NACE 46810NACE 46710Other business support services NACE 82990
1 site
Size
€51.9mturnover 2025
Staff
7.5 FTE
Equity
-€833,142
Loss
-€212,099
Financial health
51 Fair Checked score 2025
Bankruptcy chance 12 m
2.4%
Structure
Parent
OCTA+ GROUP · 100%
Accounts 62 d early0 of 9 deeds read
Why 51- Negative equity -€833,142- Liquidity: current ratio 0.85- Loss of €212,099 (FY 2025)+ Founded in 2015Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 20% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 15-2
equity -10.3% of total assets
Liquidity 0=
short-term debt 100.3%
Profitability 51-3
return on assets -2.6%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)
Last 24 months 11-2024: 3.3%highest value 12-2024: 3.3%● 0.0% vs 11-2024highest value 01-2025: 3.2%▼ -3.1% vs 12-2024 02-2025: 3.1%▼ -2.8% vs 01-2025 03-2025: 3.1%▼ -0.1% vs 02-2025 04-2025: 3.1%▼ -1.9% vs 03-2025 05-2025: 3.1%▲ +1.0% vs 04-2025 06-2025: 3.2%▲ +2.3% vs 05-2025 07-2025: 2.3%▼ -29.1% vs 06-2025 08-2025: 2.3%● 0.0% vs 07-2025 09-2025: 2.3%● 0.0% vs 08-2025 10-2025: 2.2%▼ -2.6% vs 09-2025 11-2025: 2.2%● 0.0% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.0%▼ -11.2% vs 12-2025 02-2026: 1.9%▼ -1.4% vs 01-2026lowest value 03-2026: 2.0%▲ +1.5% vs 02-2026 04-2026: 2.0%▲ +1.2% vs 03-2026 05-2026: 2.0%▲ +1.1% vs 04-2026 06-2026: 2.0%▲ +2.0% vs 05-2026 07-2026: 2.4%▲ +15.8% vs 06-2026 08-2026: 2.4%● 0.0% vs 07-2026 09-2026: 2.4%▼ -0.2% vs 08-2026 10-2026: 2.4%● 0.0% vs 09-2026
  • Negative equity -€833,142 raises the probability
  • Liquidity: current ratio 0.85 raises the probability
  • Loss of €212,099 (FY 2025) raises the probability
  • Founded in 2015 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.85 against 0.87 in 2024; short-term debt: 100.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 14%, liquidity 1%, profitability 39%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€833,142
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.85
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €212,099 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2015
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€833,142
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 30-05-2026, 62 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
62 d early
2024
45 d early
2023
84 d early
2022
7 d early
2021
73 d late
2020
97 d late
2019
18 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 16 June (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Demerger · Legal form clauseRegistered office clause · Corporate…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€833,142 View
  • Caution: From profit to loss in 2025after €23,819 in 2024 -€212,099 View
  • Caution: Among the weakest 5% on equitysector median €1.6m · 5,971 companies -€833,142 View
  • Controlled by OCTA+ GROUPknown shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€51.9m
Loss
-€212,099
Solvency
-10.3%
Turnover▼ 8.4%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 25-09-2026Demerger · Legal form clause
  2. 30-05-2026Annual accounts filed
  3. 16-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of solid, liquid and gaseous fuels and…NACE 46810
Founded
31-07-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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