Equity
€81,450 ▲ 18.0%
MODASEAM has made a profit in every financial year since 2019.
MODASEAM
Lifetime
7 annual accounts with figures on one time axispeak €57,111 (2019)
€35,525▼ 36.4%
peak €26,489 (2024)
€12,444▼ 53.0%
peak €81,450 (2025)
€81,450▲ 18.0%
€177,831▼ 9.3%
Board3 names since 2018
3 directorsLenaerts Nikki and 2 others
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Gross margin from €55,849 to €35,525Result from €26,489 to €12,444Equity from €69,006 to €81,450
Key points
from the 2025 annual accountsChecked score
84
Excellent
Financially stronger than 55% of micro companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.7%▼ -0.2 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▼ -0.4 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €259,281
Founded in 2018
lowers risk
Liquidity: current ratio 3.41, cash €43,044
Figures for financial year 2025 (filed on 18-08-2026)
Calculation
The band follows from the bankruptcy probability. 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 18, micro). It does better than 34% of them on solvency, 67% on liquidity, 47% on profitability and 73% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as MODASEAM has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of MODASEAM itself is lower: 0.4% within 12 months. It rests on far more data about MODASEAM than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for MODASEAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.41 (2.47 in 2024), above the usual 1.5. Short-term debt is 6.2% and cash 16.6% of total assets. However, 68.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
18 days late
2024
3 days early
2023
6 days late
2022
17 days early
2021
22 days late
2020
30 days late
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
LN
Lenaerts Nikki
Director, since 20-09-2018
VM
Van Moer Marleen
Director, since 20-11-2018
SV
Serendipia VOF
Director, since 19-09-2019
Recent changes
First establishment
Brederodestraat 55, Antwerp
Incorporation
published on 22-11-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MODASEAM Antwerp | €259,281 | €35,525 | 31.4% | - |
| LOUD MEMORY Puurs-Sint-Amands | €198,795 | €41,383 | -4.0% | - |
| YVOLU-SON Trooz | €439,793 | €34,630 | 26.4% | - |
| Team DNA Wijnegem | €354,321 | €88,038 | 78.3% | - |
| CLUSTER-PARK Antwerp | €108,613 | €31,507 | 35.0% | - |
| ROCHE FILMS Forest | €209,323 | €35,183 | 81.3% | - |
| SITEGO La Hulpe | €233,028 | €51,986 | 93.9% | - |
These companies have the same main activity as MODASEAM: printing and reproduction of recorded media (NACE 18200). They are comparable in size and age: total assets between €109,000 and €440,000, founded between 2011 and 2019.
Official details
Source: KBO- Status
- Active since 20-11-2018Normal situation
- Activity
- Printing and reproduction of recorded mediaNACE 18200
- Establishment unit
- 2.286.394.2252018 Antwerp, since 01-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on MODASEAM
MODASEAM files the micro format. That format states no turnover. The gross margin fell from €57,111 in 2019 to €35,525 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MODASEAM
- What is the company number of MODASEAM?
- The company number of MODASEAM is 0713.726.988. The VAT number is the same number with BE in front: BE 0713.726.988.
- Where is MODASEAM based?
- The registered office is at Brederodestraat 55, 2018 Antwerp.Company details
- What does MODASEAM do?
- According to the KBO register, the main activity is printing and reproduction of recorded media (NACE 18200).
- What is the legal form of MODASEAM?
- MODASEAM is a private limited company (BV).
- When was MODASEAM founded?
- MODASEAM was founded on 20-11-2018.
- Is MODASEAM still active?
- Yes, MODASEAM is an active enterprise in the KBO register.
- What is the turnover of MODASEAM?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €35,525 and 2,946 comparable companies of the same size. It probably lies between €86,000 and €260,000. It is a rough estimate.Financials
- Is MODASEAM profitable?
- In financial year 2025, MODASEAM made a profit of €12,444.
- Where can I find the annual accounts of MODASEAM?
- MODASEAM filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MODASEAM due?
- MODASEAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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