Equity
€221,741 ▲ 46.5%
Equity rose in 2025 from €151,403 to €221,741.
MODCA
Overview
Lifetime
5 annual accounts with figures on one time axispeak €24,729 (2021)
-€4,961▲ €3,033
lowest -€3,287 (2022)
€70,338▼ 25.4%
peak €221,741 (2025)
€221,741▲ 46.5%
-not published
Board4 names since 2021
4 directors and 3 others
Documentsfilings and deeds
28-09-202659 days late
2025micro format
Gross margin from -€7,995 to -€4,961Result from €94,328 to €70,338Equity from €151,403 to €221,741Cash from €141,203 to €217,867
Key points
from the 2025 annual accountsFilings
5 annual accounts 5 late
The 2022 accounts came latest: 406 days after the end of the period.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as MODCA has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for MODCA. 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 check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
Director
Director
- founderdeed of 03-03-2020
- founderdeed of 03-03-2020
- founderdeed of 03-03-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744563189
Appointment: (director)
General meeting of 21-05-2024 · Gazette deed
Resignation: (director)
General meeting of 21-02-2021 · Gazette deed
Appointments: (additional director) and (additional director)
Gazette deed
Official details
Source: KBO- Status
- Active since 28-02-2020Normal situation
- Activity
- “Kleinhandel in brood,banketbakkerswerk en suikerwerk” (deed in Dutch)From the articles, 15 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.300.647.7802000 Antwerp, since 28-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 24-03-2026
Annual accounts 2025
- -€4,961▲ 37.9%
- €70,338▼ 25.4%
- €221,741▲ 46.5%
- €221,741▲ 46.3%
- Filing
- Filed on 28-09-2026
Insights on MODCA
MODCA files the micro format. That format states no turnover. The gross margin fell from €24,729 in 2021 to -€4,961 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-09-2026, 59 days late-€4,961
▲ €3,033
-€5,175
▲ €3,475
€70,338
▼ 25.4%
-
100.0%
▲ 0.1 percentage points
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €221,741 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
221,741 | 151,575 | 57,075 | 31,940 | 35,226 | |
21/28 |
3,691 | 3,691 | 3 | 20,000 | - | |
28 |
3,691 | 3,691 | 3 | 20,000 | - | |
29/58 |
218,050 | 147,884 | 57,072 | 11,940 | 35,226 | |
29 |
- | 6,400 | 15,000 | - | - | |
291 |
- | 6,400 | 15,000 | - | - | |
40/41 |
184 | 281 | 207 | 1,069 | 699 | |
41 |
184 | 281 | 207 | 1,069 | 699 | |
54/58 |
217,867 | 141,203 | 41,865 | 10,870 | 34,527 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
221,741 | 151,575 | 57,075 | 31,940 | 35,226 | |
10/15 |
221,741 | 151,403 | 57,075 | 31,940 | 35,226 | |
10/11 |
10,700 | 10,700 | 10,700 | 10,700 | 10,700 | |
14 |
211,041 | 140,703 | 46,375 | 21,240 | 24,526 | |
17/49 |
- | 172 | - | - | - | |
42/48 |
- | 172 | - | - | - | |
44 |
- | 172 | - | - | - | |
440/4 |
- | 172 | - | - | - | |
| Income statement | ||||||
9900 |
-4,961 | -7,995 | -7,000 | -3,124 | 24,729 | |
640/8 |
213 | 656 | 109 | 102 | 101 | |
9901 |
-5,175 | -8,650 | -7,109 | -3,226 | 24,628 | |
75/76B |
75,579 | 103,155 | 37,500 | - | - | |
75 |
75,579 | 103,155 | 37,500 | - | - | |
65/66B |
66 | 177 | 285 | 61 | 101 | |
65 |
66 | 177 | 285 | 61 | 101 | |
9903 |
70,338 | 94,328 | 30,106 | -3,287 | 24,526 | |
67/77 |
- | - | 4,971 | - | - | |
9904 |
70,338 | 94,328 | 25,135 | -3,287 | 24,526 | |
9905 |
70,338 | 94,328 | 25,135 | -3,287 | 24,526 | |
| Appropriation of the result | ||||||
9906 |
211,041 | 140,703 | 46,375 | 21,240 | 24,526 | |
14P |
140,703 | 46,375 | 21,240 | 24,526 | - | |
| Document | ||||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527798.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00527798 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00410925 | |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00462801 | |
| 31-12-2022 | micro format | 09-09-2024 | 2024-00456617 | |
| 31-12-2021 | micro format | 30-12-2022 | 2022-20550438 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | 3,689 | 3 | 20,000 | - | ||
| 76,664 | 99,338 | 30,995 | -23,657 | - | ||
| - | 147,712 | - | - | - | ||
| 100.0% | 99.9% | 100.0% | 100.0% | 100.0% | ||
| - | 0.00 | - | - | - | ||
| 31.7% | 62.3% | 44.0% | -10.3% | 69.6% | ||
| 31.7% | 62.2% | 44.0% | -10.3% | 69.6% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €3,689 | €3 | €20,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MODCA
The operating result for 2025 is a loss of €5,175, smaller than the loss of €8,650 in 2024.
Board & ownership
Board
4 directors, no change since 2024Additional director
appointed by deed of 25-04-2022
listed in the 2025 annual accounts, filed on 28-09-2026
Additional director
appointed by deed of 25-04-2022
listed in the 2025 annual accounts, filed on 28-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “rechtspersonen, al dan niet aandeelhouder, benoemd met of zonder beperking van duur en die, indien zij worden benoemd in de statuten, de…”deed of 03-03-2020
Mandates through the years
4 names, the dashed line is todayDirector
Additional director
Additional director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
-
- Director, until 21-02-2021
- Director, appointed by deed of 22-11-2024, still in office
-
- Additional director, since before 31-12-2021
-
- Additional director, since before 31-12-2021
-
- Director, since before 31-12-2021
Control
Founders
, ,
and 2 others
This company
MODCA
Equity €221,741
Profit €70,338 in 2025
Capital
- Contribution
- €10,700
- Shares
- 1,000
- Contribution per share
- €10.70
- Equity per share
- €222 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 03-03-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Op elk moment ontbonden door beslissing algemene vergadering in vormen vereist voor statutenwijziging, algemene vergadering mag één of…”
Founders
At incorporation
deed of 03-03-2020 ↗
- founder
- founder
- founder
- founder
- founder
Network & group
Holdings
own 2025 accountsThis companyMODCA1 holding, 1 country
2025 accounts
Europe 1 Equity Result
- NL 25% €292,558 result €287,071
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2023, in their own currency.
At the same address
Hopland 29, 2000 Antwerp · 1 other company| Murad, Yasmine (sole trader)
establishment since 01-01-2025 |
founded in 2025 1017.141.802 |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
-
25%
Holdings through the years 2023 to 2025
| Name | 2023 | 2024 | 2025 |
|---|---|---|---|
| 25% | |||
Source: list of holdings in its own accounts
Connections & network
4 current directorsThe network starts from the directors of MODCA. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
16 events since 2020Board
Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 59 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0744563189
2025
Equity above €200,000 equity €221,741 ▲46.5% After 3 profitable years in a row, equity reaches €221,741.
Annual accounts 2024 filed PDFmicro format · 26 days late
2024
Highest result from 2021 to 2025 net €94,328 ▲275% The net result of €94,328 is the highest of those years.
Equity above €150,000 equity €151,403 ▲165% After 2 profitable years in a row, equity reaches €151,403.
Appointment: (director)General meeting of 21-05-20242 points ▸
- General meeting, 21-05-2024
- Director appointment,
Annual accounts 2023 filed PDFmicro format · 48 days late
Annual accounts 2022 filed PDFmicro format · 406 days late
2023
Back to profit net €25,135 The net result is €25,135, after one loss-making year.
Resignation: (director)General meeting of 21-02-20212 points ▸
- General meeting, 21-02-2021
- Director resignation,
2022
Weakest financial year net -€3,287 The net result drops to -€3,287, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 152 days late
Appointments: (additional director) and (additional director)2 points ▸
- Director appointment, (additional director)
- Director appointment, (additional director)
- The deed holds 2 more points.
2020
IncorporationFounders: , , and 2 others · 1,000 shares · Founder: · published on 03-03-20206 points ▸
- Founder,
- Founder,
- Founder,
- Founder,
- Founder,
- 1,000 shares
- The deed holds 1 more point.
First establishment Hopland 29, Antwerp
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0744.563.189
- VAT number
- BE 0744.563.189
- Peppol ID
- 0208:0744563189
- Other Peppol ID
- 9925:BE0744563189
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-02-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of Junedeed of 03-03-2020 (in Dutch)
- Peppol
- Reachable since 24-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MODCA in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-03-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Hopland 29 bus 4.1, 2000 Antwerpen”deed of 03-03-2020 (in Dutch)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Kleinhandel in brood,banketbakkerswerk en suikerwerk; Kleinhandel in vis; Kleinhandel in alcoholische en andere dranken,inclusief de…”deed of 03-03-2020 (in Dutch)
15 activities
- Kleinhandel in brood,banketbakkerswerk en suikerwerk
- Kleinhandel in vis
- Kleinhandel in alcoholische en andere dranken,inclusief de thuisbezorging daarvan
- Kleinhandel in tabaksproducten
- Kleinhandel in zuivelproducten en eieren
- Kleinhandel in koffie,kruiden en specerijen
- Kleinhandel in fruit- en groentenconserven
- Kleinhandel in voedings- en genotmiddelen in gespecialiseerde winkels,niet elders gespecifieerd
- Kleinhandel in artikelen,andere dan voedingswaren,niet elders gespecifieerd
- Markt- en straathandel in voedingsmiddelen
- Uitbating restaurant van het traditionele type en café-restaurants (tavernen)
- Verkoop aan de toog van eetwaren en dranken die ter plaatse verbruikt worden en,in het algemeen in een wegwerpverpakking aangeboden worden in croissanteries,crêperies en warm wafelkramen
- Handelsbemiddeling in voeding- en genotsstoffen
- Bemiddeling en dienstverlening inzake import en export
- Import en export van handelsgoederen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hopland 29 registered office 2000 Antwerp 74201 Photography, excluding press photography | 28-02-2020 | 2.300.647.780 |
Buildings and parcels at the address
- Ground area
- 8,698 m²
- Buildings
- 8,737 m²
- Volume, LiDAR
- 166,706 m³
- Tallest building
- 31.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11803C0320/00E000 | 8,698 m² | 1 · 8,737 m² | 30.9 m · 6 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Contact
E-mail
m.murad@groupmurad.com
E-mail
modca.bv@gmail.com
Phone
+32 484 66 84 98