MODARCH
ActiveSummary
MODARCH has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,690 and a net result of €33,048. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 16% of 3,375 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €3,690
- Profit
- €33,048
Why 85raises risk1 change of registered office in 24 monthsEquity €3,690 (4.5% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 0.99, cash €42,801Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 13% on solvency, 27% on liquidity, 82% on profitability and 6% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2019 to 2025net €33,048 ▲707%
- Registered office · Resignations & appointmentsRegistered-office move
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430562.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 6.4 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,153 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,386 | €6,666 | €7,078 | €7,165 | €6,810 | ▼ 5.0% |
| Other operating charges640/8 | - | - | €579 | €476 | €645 | €126 | €1,303 | ▲ 932% |
| Gross operating margin9900 | €10,459 | €4,595 | €23,255 | €24,967 | €51,459 | €14,011 | €50,932 | ▲ 264% |
| Operating profit (loss)9901 | €10,111 | €4,247 | €20,290 | €17,826 | €43,736 | €6,720 | €42,819 | ▲ 537% |
| Financial income75/76B | - | - | - | €18 | €0 | €0 | - | - |
| Recurring financial income75 | - | - | - | €18 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | €72 | €82 | €109 | €72 | €112 | ▲ 56.1% |
| Recurring financial charges65 | €33 | €140 | €72 | €82 | €109 | €72 | €112 | ▲ 56.1% |
| Profit (loss) for the period before taxes9903 | €10,078 | €4,107 | €20,218 | €17,761 | €43,627 | €6,648 | €42,707 | ▲ 542% |
| Income taxes67/77 | €3,084 | €1,398 | €4,854 | €4,316 | €12,364 | €2,551 | €9,659 | ▲ 279% |
| Profit (loss) for the period9904 | €6,994 | €2,709 | €15,364 | €13,445 | €31,263 | €4,097 | €33,048 | ▲ 707% |
| Profit (loss) for the period to be appropriated9905 | €6,994 | €2,709 | €15,364 | €13,445 | €31,263 | €4,097 | €33,048 | ▲ 707% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €15,452 | €28,611 | €54,003 | €102,383 | €126,330 | €59,817 | €81,730 | ▲ 36.6% |
| Fixed assets21/28 | - | - | €29,169 | €23,937 | €18,361 | €11,197 | €4,387 | ▼ 60.8% |
| Tangible fixed assets22/27 | - | - | €29,169 | €23,937 | €18,361 | €11,197 | €4,387 | ▼ 60.8% |
| Furniture and vehicles24 | - | - | €29,169 | €23,937 | €18,361 | €11,197 | €4,387 | ▼ 60.8% |
| Current assets29/58 | €15,452 | €28,611 | €24,834 | €78,446 | €107,968 | €48,620 | €77,343 | ▲ 59.1% |
| Amounts receivable within one year40/41 | €1,915 | €7,533 | €8,213 | €49,688 | €55,398 | €31,802 | €34,541 | ▲ 8.6% |
| Trade receivables40 | - | - | €8,213 | €37,687 | €45,578 | €13,600 | €17,743 | ▲ 30.5% |
| Other amounts receivable41 | - | - | - | €12,001 | €9,820 | €18,202 | €16,798 | ▼ 7.7% |
| Cash at bank and in hand54/58 | €13,538 | €21,077 | €16,621 | €10,218 | €52,570 | €16,818 | €42,801 | ▲ 154% |
| Deferred charges and accrued income490/1 | - | - | - | €18,540 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €15,452 | €28,611 | €54,003 | €102,383 | €126,330 | €59,817 | €81,730 | ▲ 36.6% |
| Equity10/15 | €9,994 | €12,703 | €28,068 | €41,513 | €72,776 | €36,874 | €3,690 | ▼ 90.0% |
| Contributions10/11 | €3,000 | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €300 | €690 | €690 | €690 | €690 | €690 | €690 | = |
| Non-distributable reserves130/1 | - | - | €690 | €690 | €690 | €690 | €690 | = |
| Reserves not available under the articles1311 | - | - | - | €690 | €690 | €690 | €690 | = |
| Other1319 | - | - | €690 | - | - | - | - | - |
| Profit (loss) carried forward14 | €6,694 | €9,013 | €24,378 | €37,823 | €69,086 | €33,184 | - | - |
| Amounts payable17/49 | €5,458 | €15,907 | €25,936 | €60,870 | €53,553 | €22,944 | €78,040 | ▲ 240% |
| Amounts payable within one year42/48 | €5,458 | €15,907 | €25,936 | €60,870 | €53,553 | €22,944 | €78,040 | ▲ 240% |
| Trade debts44 | €2,374 | €119 | €143 | €59,693 | €13,881 | €15,737 | €9,335 | ▼ 40.7% |
| Suppliers440/4 | - | - | €143 | €59,693 | €13,881 | €15,737 | €9,335 | ▼ 40.7% |
| Taxes, remuneration and social security45 | - | - | €7,751 | - | €12,662 | €4,226 | €17,768 | ▲ 320% |
| Taxes450/3 | - | - | €7,751 | - | €12,662 | €4,226 | €17,768 | ▲ 320% |
| Other amounts payable47/48 | - | - | €18,042 | €1,177 | €27,011 | €2,980 | €50,937 | ▲ 17× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,994 | €2,709 | €15,364 | €13,445 | €31,263 | €4,097 | €33,048 | ▲ 707% |
| + Depreciation and write-downs630 | - | - | €2,386 | €6,666 | €7,078 | €7,165 | €6,810 | ▼ 5.0% |
| Operating cash flow (approximation) | €6,994 | €2,709 | €17,750 | €20,111 | €38,341 | €11,262 | €39,858 | ▲ 254% |
| Investment in fixed assets (approximation) | - | - | - | -€1,434 | -€1,502 | €0 | €0 | - |
| Change in cash | - | €7,539 | -€4,456 | -€6,403 | €42,352 | -€35,752 | €25,983 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00430562 |
| 31-12-2024 | full format | 31-07-2025 | 2025-00350061 |
| 31-12-2023 | full format | 24-06-2024 | 2024-00165483 |
| 31-12-2022 | full format | 11-04-2023 | 2023-00059591 |
| 31-12-2021 | full format | 06-05-2022 | 2022-20021671 |
| 31-12-2020 | full format | 26-08-2021 | 2021-55100086 |
| 31-12-2019 | full format | 12-03-2020 | 2020-06500600 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BenoîtDELFOSSE |
|
Owners and capital
Capital and shareholders
- 05-11-2024 Capital stated in the deed · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-09
Gazette deed
Registered office · Resignations & appointmentsRegistered-office move2 facts ▸
- General meeting, 19-07-2025
- Registered-office move, Rue Emile Dury 164 A, 1410 Waterloo
05-11
Gazette deed
Amendment of the articlesCapital4 facts ▸
- General meeting, 05-09-2024
- Amendment of the articles
- Capital
- Other provision, “cession d'actions”, 9 (deed in French)
04-10
Gazette deed
Reappointment: BenoîtDELFOSSE (director)Registered-office move · Amendment of the articles · Registered office clause6 facts ▸
- Registered-office move, 1348Ottignies-Louvain-la-Neuve,Courbevoie11/0401
- Amendment of the articles, 21
- Amendment of the articles
- Director reappointment, BenoîtDELFOSSE (director)
- Other provision, “aankondigingbenoemingnieuwbestuurder, Herbenoemingvandebestuurdersinfunctieenbenoemingvaneennieuweblastuurder” (deed in French)
- Registered office clause, “1348Ottignies-Louvain-la-Neuve,Courbevoie11/0401, algemenevergadering” (deed in French)
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Rue Dury (Emile) 164A1410 Waterloo1 establishment unit
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La consultance et la prestation de services dans les domaines de la gestion, de l'administration, de la restructuration, du développement…” (deed in French)
17 activities (deed in French)
- La consultance et la prestation de services dans les domaines de la gestion, de l'administration, de la restructuration, du développement, de la reconversion et du management d'entreprises, dans le cadre d'une activité de développement et de commercialisation de logiciels de tous types et de tous concepts de gestion et de management d'entreprises en général
- La dispense d'avis financiers, techniques, commerciaux et administratifs dans le sens le plus large du terme; à l'exception des conseils de placement d'argent et autres, l'assistance et l'exécution des services directement ou indirectement sur le plan de l'administration et des finances, de la vente, de la production et de la gestion en général; la fourniture de prestations de service et l'exécution de tous mandats sous formes d'études d'organisations, d'expertises, d'actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- Toutes prestations de services dans le domaine de l'informatique et de la bureautique, telles que notamment, la création, la diffusion, la gestion de logiciels ainsi que de tous autres supports informatiques, la négociation et le courtage, l'activité de commissionnaire ou d'intermédiaire, la formation, la tenue de cours et l'organisation de tous systèmes informatiques
- L'étude et le conseil, comprenant toutes opérations d'assistance, dans le domaine de l'informatique et de la bureautique, dans l'équipement de bureaux tant en mobiliers qu'en matériels ainsi que l'organisation, l'assistance et le conseil dans les matières relevant de l'organisation de tous systèmes informatiques et la réalisation d'études stratégiques ainsi que l'étude de projets et leur mise en place; cette énumération étant exemplative
- Le commerce en général tant en gros qu'au détail, en ce compris notamment l'achat, la vente, l'importation, l'exportation, le transport, la fabrication, l'entretien, la réparation, la location, la publicité, la représentation de : tous matériels et composants en électronique, tous accessoires s'y rattachant ainsi que les logiciels, appareils mobiliers et marchandises en ce compris les jeux vidéo, ordinateurs hardware et software dans le cadre ou ayant trait aux activités énumérées ci-avant, tous produits relevant du secteur de l'audiovisuel et de l'informatique, dont les radios-cassettes, les cassettes, vidéos, CD-Rom
- L'acceptation et l'exercice de mandats relatifs à l'administration, à la gestion, à la direction, au contrôle et à la liquidation de toutes sociétés, entreprises ou associations
- La réalisation d'études, sur base des domaines précités, et en particulier, la réalisation de simulations et analyses numériques ainsi que l'étude de l'optimisation de procédés et procédures, la consultance, la prestation de services, la formation, et l'expertise dans les domaines de la conception et la mise au point de modèles numériques, algorithmes et logiciels de tous types
- La réalisation d'études, la programmation et la mise en route des systèmes d'organisation, de vente, de publicité, de marketing, la mise en application des systèmes pour traiter des données et toutes techniques en rapport avec la gestion technique, administrative, économique et générale d'entreprises
- La création, la production, l'hébergement et l'exploitation d'applications et de sites internet, d'applications pour supports mobiles ou tous autres supports informatiques
- La négociation, le courtage, l'activité de commissionnaire ou d'intermédiaire dans le domaine de l'informatique et des technologies
- La location ou la vente d'espaces d'hébergement publicitaires ou non publicitaires, commerciaux ou non commerciaux, sur des installations informatiques reliées à Internet en permanence ainsi que le commerce de tous produit susceptible de commercialisation par voie informatique et via tout canal tel qu'Internet ou autre présent ou à découvrir
- L'acquisition, la possession, l'exploitation et la concession de tout brevet et licence susceptible d'être employé totalement ou partiellement dans son domaine d'activité
- La réalisation de tous travaux d'encodage et de traitement de l'information et de données informatiques
- La réalisation de tous travaux de bureau et de secrétariat en général
- La mise à disposition de services communs d'appui logistique (accueil, secrétariat, téléphone, etc), la photocopie, la préparation de documents et autres activités spécialisées de soutien de bureau
- L'achat, la vente, la revente, l'échange, le courtage, le lotissement, la mise en valeur, la construction, la reconstruction, la rénovation, la décoration intérieure, la démolition, la transformation, l'aménagement, l'exploitation, la dation ou prise à bail ou en emphytéose, la location et la gérance, la gestion et l'administration de tous immeubles en Belgique ou à l'étranger, meublés ou non et d'une manière générale toutes les opérations civiles et commerciales en rapport avec l'immobilier
- La gestion et l'organisation de tout patrimoine immobilier
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MODARCH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, simple décision de l'organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l'organe d'administration S'il n'y a qu'un seul administrateur, la totalité des pouvoirs d'administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre,durée mandat,pouvoirs en cas de pluralité, avec ou sans limitation de durée” (deed in French)“12, frais généraux indépendamment frais représentation,voyages,déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par Code des sociétés et des associations” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Organe qui procède à l'émission, courrier électronique, ou pour personnes sans adresse électronique, courrier ordinaire envoyé le même jour…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, 22” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “23, dissolution pour quelque cause et moment que ce soit” (deed in French)