MODAPRO
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 04-01-1992 · last publication under the heading End on 12-02-2021
- Activity
- No activity registered in the KBO
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
Shareholders
- Living in Funky Environments NV99.98%annual accounts 30-06-2020
- L.I.F.E. NVconsolidatesannual accounts 30-06-2020
- Panta België0.02%annual accounts 30-06-2020
Financial position
No score
Annual accounts to 30-06-2020
- Turnover
- €117,763
- ▼ 72.6%
- Profit
- €23,496
- ▼ 95.1%
- Equity
- €2.3m
- ▲ 1.0%
- Total assets
- €6.3m
- ▼ 7.6%
Turnover -73%: 6-month year
Financials
Financials · financial year 2020, full format
2020 annual accounts filed 253 days after the deadline Filed on 11 October 2021, deadline 31 January 2021 (7 months after the close on 30 June 2020, Companies Code art. 3:10). Source: NBB, 2021-71600221.
Annual accounts 2020 filed on 11-10-2021 PDF all 29 filings
Turnover
€117,763▼ 72.6%
2019 · €430,068
EBIT margin
10.4%▼ 151.7pp
2019 · 162.1%
Net result
€23,496▼ 95.1%
2019 · €476,021
Working capital
€1.4m▼ 1.8%
2019 · €1.4m
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€117,763
▼ 72.6%
2020
20182020
Operating result
€12,260
▼ 98.2%
2020
20182020
Net result
€23,496
▼ 95.1%
2020
20182020
EBIT margin
10.4%
▼ 151.7pp
2020
20182020
Equity
€2.3m
▲ 1.0%
2020
20182020
Total assets
€6.3m
▼ 7.6%
2020
20182020
Debt
€4.0m
▼ 12.1%
2020
20182020
Working capital
€1.4m
▼ 1.8%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€0.5m-€0.4m▼ 21.3%€0.1m▼ 72.6%
Operating result€0.6m-€0.7m▲ 19.3%€0.01m▼ 98.2%
Net result€0.4m-€0.5m▲ 14.1%€0.02m▼ 95.1%
EBIT margin106.9%-162.1%▲ 55.2pp10.4%▼ 151.7pp
Equity€1.8m-€2.3m▲ 26.3%€2.3m▲ 1.0%
Total assets€7.6m-€6.8m▼ 10.0%€6.3m▼ 7.6%
Debt€5.5m-€4.5m▼ 17.3%€4.0m▼ 12.1%
Working capital€1.0m-€1.4m▲ 46.1%€1.4m▼ 1.8%
The operating result for 2020 is 98% lower than in 2019 and the lowest since 2018.
Large changes and their cause
- 2020 Turnover -73%, Net result -95% on 2019. This financial year ran 6 months, the previous one 12.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €6.3m
Fixed assets
€4.1m ▼ 1.4%
Current assets
€2.2m ▼ 17.5%
Equity and liabilities €6.3m
Equity
€2.3m ▲ 1.0%
Provisions
€26,774 ▲ 11.8%
Debt
€4.0m ▼ 12.1%
Debt's share of the balance-sheet total falls from 66.2% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,256▼
2019 · €760,548
Cash flow
€75,492▼
2019 · €539,471
Current ratio
2.73▲
2019 · 2.14
Debt to equity
1.37▼
2019 · 1.43
ROE
1.0%▼
2019 · 20.8%
ROA
0.4%▼
2019 · 7.0%
Interest coverage
2.28▼
2019 · 9.51
Debt ≤ 1 year
€803,825▼
2019 · €1.2m
Debt > 1 year
€3.2m▼
2019 · €3.3m
Customer credit
6481 days▲
2019 · 2095 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €0.5m | €0.4m | €0.1m | ▼ 72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.06m | €0.05m | ▼ 18.1% |
| Operating profit (loss)9901 | €0.6m | €0.7m | €0.01m | ▼ 98.2% |
| Recurring financial income75 | €0.04m | €0.08m | €0.05m | ▼ 33.9% |
| Recurring financial charges65 | €0.1m | €0.08m | €0.04m | ▼ 50.5% |
| Debt charges650 | €0.1m | €0.08m | €0.03m | ▼ 64.7% |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.7m | €0.03m | ▼ 96.2% |
| Income taxes67/77 | €0.2m | €0.5m | - | - |
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.02m | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €1.2m | €0.02m | ▼ 98.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7.6m | €6.8m | €6.3m | ▼ 7.6% |
| Fixed assets21/28 | €5.9m | €4.2m | €4.1m | ▼ 1.4% |
| Tangible fixed assets22/27 | €5.9m | €4.2m | €4.1m | ▼ 1.3% |
| Financial fixed assets28 | €0.01m | €0.02m | €0.01m | ▼ 25.7% |
| Current assets29/58 | €1.7m | €2.7m | €2.2m | ▼ 17.5% |
| Amounts receivable within one year40/41 | €1.5m | €2.5m | €2.1m | ▼ 15.3% |
| Cash at bank and in hand54/58 | €0.09m | €0.06m | €0.006m | ▼ 89.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7.6m | €6.8m | €6.3m | ▼ 7.6% |
| Equity10/15 | €1.8m | €2.3m | €2.3m | ▲ 1.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.1m | €0.4m | €0.4m | ▲ 1.8% |
| Profit (loss) carried forward14 | €0.5m | €1.7m | €1.7m | ▲ 1.0% |
| Provisions and deferred taxes16 | €0.3m | €0.02m | €0.03m | ▲ 11.8% |
| Amounts payable17/49 | €5.5m | €4.5m | €4.0m | ▼ 12.1% |
| Amounts payable after more than one year17 | €4.7m | €3.3m | €3.2m | ▼ 3.3% |
| Amounts payable within one year42/48 | €0.7m | €1.2m | €0.8m | ▼ 35.3% |
| Trade debts44 | €0.2m | €0.03m | €0.06m | ▲ 133% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.02m | ▼ 95.1% |
| + Depreciation and write-downs630 | €0.1m | €0.06m | €0.05m | ▼ 18.1% |
| Operating cash flow (approximation) | €0.6m | €0.5m | €0.08m | ▼ 86.0% |
| Investment in fixed assets (approximation) | - | €1.7m | €0.005m | ▼ 99.7% |
| Change in cash | - | -€0.03m | -€0.05m | ▼ 80.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2020 | full format | 11-10-2021 | 2021-71600221 | |
| 31-12-2019 | full format | 19-08-2020 | 2020-42900573 | |
| 31-12-2018 | full format | 02-08-2019 | 2019-43700206 | |
| 31-12-2017 | full format | 13-04-2018 | 2018-09700570 | |
| 31-12-2016 | full format | 25-04-2017 | 2017-10300217 | |
| 31-12-2015 | full format | 29-03-2016 | 2016-08000296 | |
| 31-12-2014 | full format | 31-03-2015 | 2015-07800481 | |
| 31-12-2013 | full format | 14-04-2014 | 2014-09200107 | |
| 31-12-2012 | full format | 29-04-2013 | 2013-10200450 | |
| 31-12-2011 | abbreviated format | 27-04-2012 | 2012-10500185 |
Board & ownership
Directors
Directors
Owners and capital
Shareholders
3 ownersChain of control
- L.I.F.E. NV
- MODAPRO
Owners 3
- Sourceown accounts 30-06-2020Equity €101.5m Profit of €1.7m in 2025 (profit of €4.4m in 2024)99.98%
- L.I.F.E. NVconsolidating parentEquity €101.5m Profit of €1.7m in 2025 (profit of €4.4m in 2024)consolidates
- Panta BelgiëNLSourceown accounts 30-06-20200.02%
Network & group
Connections & network
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Timeline
Acts, filings and financial milestones
2021
2020
19-08
full format · 19 days late
30-06
Financial
Weakest financial yearnet €23,496 ▼95.1%
The net result drops to €23,496, the lowest from 2018 to 2020.
2019
31-12
Financial
Highest result from 2018 to 2020net €476,021 ▲14.1%
The operating result of €697,098 and the net result of €476,021 are both a record.
31-12
Financial
Equity above €2mequity €2.3m ▲26.3%
With a profit in every financial year since 2018, equity grows to €2.3m.
02-08
full format · 2 days late
2018
13-04
full format · 109 days before the deadline
2017
25-04
full format · 97 days before the deadline
2016
29-03
full format · 124 days before the deadline
2015
31-03
full format · 122 days before the deadline
2014
14-04
full format · 108 days before the deadline
Show earlier events
2013
29-04
full format · 93 days before the deadline
2012
27-04
abbreviated format · 95 days before the deadline
1992
04-01
Gazette deed
Incorporation
44 publications in the Belgian Official Gazette, the last on 12-02-2021
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
MODAPRO is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 30 June 2020
- Last registered office
- Mechelsesteenweg 271, Bus 2.1, 2018 Antwerpen 1as published on 12 February 2021
- Legal form
- Public limited company
- First annual accounts
- financial year 1992