MODEL ENGINEERING
Annual accounts 2025
abbreviated format, filed on 14-07-2026, 17 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €180,647 on 31-12-2025in euro
in euro
Position in the sector
99.4%
Higher than 95% of 2,566 companies in 2025.
-12.3%
Higher than 9% of 2,543 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
180,647 | 202,016 | 221,664 | 241,653 | 279,025 | 319,002 | 367,913 | 424,784 | 439,901 | 403,539 | 358,941 | 394,054 | 380,284 | 369,360 | 338,788 | 298,838 | 323,137 | 281,029 | |
20 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | 0 | 0 | - | - | |
21/28 |
- | - | - | - | 770 | 3,220 | 7,350 | 18,148 | 30,625 | 35,651 | 20,804 | 20,929 | 21,032 | 20,392 | 20,397 | 20,612 | 22,511 | 24,641 | |
21 |
- | - | - | - | 770 | 3,220 | 7,350 | 13,160 | 20,650 | 20,650 | 20,650 | 20,659 | 20,570 | 20,241 | 19,727 | 18,041 | 17,670 | 16,933 | |
22/27 |
- | - | - | - | - | - | - | 4,988 | 9,975 | 15,001 | 154 | 270 | 462 | 151 | 670 | 2,571 | 4,841 | 7,708 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
23 |
- | - | - | - | - | - | - | - | - | 39 | 154 | 270 | 462 | - | 650 | 2,550 | 4,810 | 7,667 | |
24 |
- | - | - | - | - | - | - | 4,988 | 9,975 | 14,963 | - | - | - | 151 | 20 | 21 | 31 | 41 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | - | - | |
29/58 |
180,647 | 202,016 | 221,664 | 241,653 | 278,255 | 315,782 | 360,563 | 406,637 | 409,276 | 367,888 | 338,137 | 373,125 | 359,251 | 348,968 | 318,391 | 278,225 | 300,625 | 256,388 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
40/41 |
111 | 403 | 737 | 531 | 465 | 543 | 234 | 23,937 | 23,707 | 21,352 | 10,860 | 4,259 | 16,480 | 44,457 | 21,270 | 20,179 | 54,743 | 52,219 | |
40 |
- | - | - | - | - | - | - | 18,400 | 23,490 | 21,210 | 10,400 | 4,259 | 16,173 | 44,457 | 21,270 | 20,179 | 54,700 | 52,111 | |
41 |
111 | 403 | 737 | 531 | 465 | 543 | 234 | 5,537 | 217 | 142 | 460 | - | 307 | - | - | 0 | 43 | 108 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
54/58 |
180,536 | 201,613 | 220,927 | 241,122 | 277,790 | 315,239 | 360,329 | 382,700 | 385,569 | 346,536 | 327,277 | 368,866 | 342,772 | 304,511 | 297,121 | 258,046 | 245,883 | 204,169 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
180,647 | 202,016 | 221,664 | 241,653 | 279,025 | 319,002 | 367,913 | 424,784 | 439,901 | 403,539 | 358,941 | 394,054 | 380,284 | 369,360 | 338,788 | 298,838 | 323,137 | 281,029 | |
10/15 |
179,498 | 201,795 | 221,664 | 241,554 | 278,601 | 318,198 | 367,230 | 424,357 | 437,632 | 401,698 | 358,164 | 392,737 | 379,169 | 368,275 | 338,269 | 294,516 | 323,022 | 280,529 | |
10/11 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
10 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
13 |
139,822 | 159,690 | 179,581 | 215,857 | 256,225 | 305,257 | 362,384 | 380,504 | 339,724 | 296,191 | 330,765 | 317,195 | 276,295 | 276,295 | 261,049 | 261,048 | 218,555 | 135,208 | |
130/1 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
133 |
133,625 | 153,493 | 173,384 | 209,660 | 250,027 | 299,060 | 356,187 | 374,307 | 333,527 | 289,994 | 324,568 | 310,998 | 270,098 | 270,098 | 254,852 | 254,851 | 212,358 | 129,010 | |
14 |
-22,297 | -19,868 | -19,890 | -36,276 | -39,598 | -49,032 | -57,127 | -18,120 | 35,934 | 43,533 | -34,574 | 13,569 | 40,900 | 30,006 | 15,247 | -28,505 | 42,493 | 83,348 | |
17/49 |
1,149 | 221 | - | 99 | 424 | 804 | 683 | 427 | 2,269 | 1,841 | 777 | 1,317 | 1,115 | 1,085 | 519 | 4,321 | 115 | 500 | |
17 |
1,149 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
1,149 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
- | 221 | - | 99 | 424 | 804 | 683 | 427 | 2,269 | 1,841 | 777 | 1,317 | 1,115 | 1,085 | 519 | 4,321 | 115 | 500 | |
44 |
- | 221 | - | 99 | 31 | 174 | 23 | 141 | 154 | 1,320 | 185 | 489 | 782 | 111 | - | 1,547 | 115 | 500 | |
440/4 |
- | - | - | 99 | 31 | 174 | 23 | 141 | 154 | 1,320 | 185 | 489 | 782 | 111 | - | 1,547 | 115 | 500 | |
441 |
- | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
- | - | - | - | 394 | 630 | 660 | 286 | 516 | 521 | 592 | 828 | 333 | 974 | 519 | 2,775 | - | - | |
450/3 |
- | - | - | - | 394 | 630 | 660 | 286 | 516 | 521 | 592 | 828 | 333 | 974 | 519 | 2,775 | - | - | |
47/48 |
- | - | - | - | - | - | - | - | 1,600 | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | 2,000 | 10,190 | - | 4,125 | 2,550 | - | 43,990 | 108,430 | 113,199 | 20,320 | 78,158 | 75,271 | 89,037 | 109,877 | 96,586 | 157,541 | 156,035 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
9900 |
-12,453 | -8,674 | -2,714 | -11,506 | -6,804 | -7,966 | -9,972 | 31,002 | 95,132 | 97,001 | 7,472 | 54,520 | 47,851 | 61,523 | 87,636 | 65,687 | 134,051 | 132,675 | |
60/61 |
12,453 | - | 12,904 | - | 10,929 | 10,516 | 10,612 | - | 13,298 | 16,198 | 12,848 | 23,638 | - | - | 22,241 | 30,899 | 23,490 | 23,360 | |
62 |
8,000 | 12,000 | 18,000 | 24,000 | 30,000 | 36,000 | 36,000 | 36,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 35,000 | 42,000 | 72,571 | 56,417 | 42,676 | |
630 |
- | - | - | 770 | 2,450 | 4,130 | 10,798 | 12,478 | 13,426 | 13,503 | 8,525 | 8,426 | 8,337 | 8,384 | 8,668 | 9,822 | 9,670 | 9,722 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | -8,400 | -8,400 | -8,400 | -8,400 | -8,400 | -7,583 | -7,200 | -7,200 | |
635/8 |
- | - | - | - | - | - | - | - | -8,400 | -8,400 | - | - | - | - | 28,505 | - | - | - | |
640/8 |
817 | 792 | 750 | 690 | 681 | 760 | 664 | 652 | 640 | 1,575 | 648 | 586 | 578 | 756 | 578 | 972 | 538 | 479 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | |
9901 |
-21,270 | -21,466 | -21,464 | -36,966 | -39,934 | -48,856 | -57,434 | -18,128 | 47,466 | 48,323 | -35,301 | 11,908 | 5,336 | 25,783 | 16,285 | -10,095 | 74,626 | 86,998 | |
75/76B |
- | 1,598 | 1,574 | 690 | 337 | - | 307 | 8 | 281 | 1,211 | 911 | 6,356 | 4,180 | 4,223 | 4,962 | 3,792 | 2,300 | 1,349 | |
75 |
- | - | - | - | 337 | - | 307 | - | 281 | 1,211 | 911 | 6,356 | 4,180 | 4,223 | 4,962 | 3,792 | 2,300 | 1,349 | |
76B |
- | 1,598 | 1,574 | 690 | - | - | - | 8 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,027 | - | - | - | - | 176 | - | - | - | - | - | - | - | - | - | 0 | - | - | |
65 |
- | - | - | - | - | 176 | - | - | - | - | - | - | - | - | - | 0 | - | - | |
66B |
1,027 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-22,297 | -19,868 | -19,890 | -36,276 | -39,598 | -49,032 | -57,127 | -18,120 | 47,747 | 49,533 | -34,390 | 18,264 | 9,516 | 30,006 | 21,247 | -6,303 | 76,926 | 88,348 | |
67/77 |
- | - | - | - | - | - | - | - | 10,212 | 6,000 | 184 | 4,695 | -1,378 | - | 6,000 | 22,202 | 34,434 | 5,000 | |
9904 |
-22,297 | -19,868 | -19,890 | -36,276 | -39,598 | -49,032 | -57,127 | -18,120 | 37,534 | 43,533 | -34,574 | 13,569 | 10,894 | 30,006 | 15,247 | -28,505 | 42,493 | 83,348 | |
9905 |
-22,297 | -19,868 | -19,890 | -36,276 | -39,598 | -49,032 | -57,127 | -18,120 | 37,534 | 43,533 | -34,574 | 13,569 | 10,894 | 30,006 | 15,247 | -28,505 | 42,493 | 83,348 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-22,297 | -19,868 | -19,890 | -36,276 | -39,598 | -49,032 | -57,127 | -18,120 | 37,534 | 43,533 | -34,574 | 13,569 | 10,894 | 30,006 | 15,247 | -28,505 | 42,493 | 83,348 | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 30,006 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
694/7 |
- | - | - | - | - | - | - | - | 1,600 | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 1,600 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0.9 | 1 | 0.4 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,573 | - | 798 | |
| Document | |||||||||||||||||||
The accounts for 6 older financial years (1995-2001) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00288897 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00292467 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00272540 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00228468 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20167875 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28100046 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26000060 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-25100446 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-34900474 | |
| 31-12-2016 | micro format | 16-07-2017 | 2017-31300539 | |
| 31-12-2015 | abbreviated format | 25-07-2016 | 2016-34300253 | |
| 31-12-2014 | abbreviated format | 30-08-2015 | 2015-50300397 | |
| 31-12-2013 | abbreviated format | 13-07-2014 | 2014-29400445 | |
| 31-12-2012 | abbreviated format | 30-07-2013 | 2013-36100331 | |
| 31-12-2011 | abbreviated format | 26-08-2012 | 2012-44600272 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-45900372 | |
| 31-12-2009 | abbreviated format | 29-08-2010 | 2010-46100170 | |
| 31-12-2008 | abbreviated format | 11-09-2009 | 2009-75400343 | |
| 31-12-2001 | abbreviated format | 26-08-2002 | 2002-50004865 | |
| 31-12-2000 | abbreviated format | 19-12-2001 | 2001-76801567 | |
| 31-12-1999 | abbreviated format | 18-10-2000 | 2000-66203018 | |
| 31-12-1998 | abbreviated format | 09-12-1999 | 1999-62502489 | |
| 31-12-1997 | abbreviated format | 31-07-1998 | 1998-38103107 | |
| 31-12-1995 | abbreviated format | 05-07-1996 | 1996-31700525 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | -36,196 | -37,484 | -44,726 | -46,636 | -5,651 | 60,892 | 61,826 | -26,776 | 20,334 | 13,673 | 34,167 | 24,953 | -273 | 84,296 | 96,720 | ||
| - | - | - | -35,506 | -37,148 | -44,902 | -46,329 | -5,643 | 50,960 | 57,036 | -26,049 | 21,995 | 19,231 | 38,390 | 23,915 | -18,683 | 52,162 | 93,069 | ||
| - | - | - | 770 | 3,220 | 7,350 | 13,160 | 30,625 | 29,050 | 49,154 | 29,330 | 29,355 | 29,370 | 28,776 | 29,064 | 30,434 | 0 | - | ||
| -21,077 | -19,314 | -20,195 | -36,668 | -37,449 | -45,090 | -22,371 | -2,869 | 39,033 | 19,259 | -41,589 | 26,094 | 38,261 | 7,390 | 39,075 | 12,163 | 41,714 | - | ||
| - | 201,795 | - | 241,554 | 277,831 | 314,978 | 359,880 | 406,210 | 407,007 | 366,047 | 337,360 | 371,808 | 358,136 | 347,882 | 317,872 | 273,904 | 300,510 | 255,888 | ||
| - | - | - | - | - | - | - | -41.2% | 43.8% | 42.7% | - | 15.2% | 7.1% | 29.0% | 14.8% | -10.5% | 47.4% | 55.8% | ||
| 99.4% | 99.9% | 100.0% | 100.0% | 99.8% | 99.7% | 99.8% | 99.9% | 99.5% | 99.5% | 99.8% | 99.7% | 99.7% | 99.7% | 99.8% | 98.6% | 100.0% | 99.8% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 64.38 | - | - | ||
| 0.01 | 0.00 | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | ||
| -12.4% | -9.8% | -9.0% | -15.0% | -14.2% | -15.4% | -15.6% | -4.3% | 8.6% | 10.8% | -9.7% | 3.5% | 2.9% | 8.1% | 4.5% | -9.7% | 13.2% | 29.7% | ||
| -12.3% | -9.8% | -9.0% | -15.0% | -14.2% | -15.4% | -15.5% | -4.3% | 8.5% | 10.8% | -9.6% | 3.4% | 2.9% | 8.1% | 4.5% | -9.5% | 13.2% | 29.7% | ||
| - | 74 days | 26 days | - | 41 days | 78 days | - | 153 days | 79 days | 68 days | 187 days | 20 days | 78 days | 182 days | 71 days | 76 days | 127 days | 122 days | ||
| - | - | - | - | 1 day | 6 days | 1 day | - | 4 days | 30 days | 5 days | 8 days | - | - | - | 18 days | 2 days | 8 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
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 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | - | €770 | €3,220 |
| - | - | - | €770 | €2,450 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MODEL ENGINEERING
The operating result for 2025 is a loss of €21,270, smaller than the loss of €21,466 in 2024.
Debt's share of the balance-sheet total rises from 0.1% to 0.6%. Equity is lower and debt is higher.