MODEL MOD.
ActiveMODEL MOD. has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €46k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 11.86 against 9.73 in 2024; short-term debt: 5.3% and cash: 10.7% of total assets), and 7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93%
Return on assets
11.1%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
21 d late
2020
30 d late
2019
1 d early
2018
30 d late
2017
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€111k
EBIT margin
24.4%
Net result
€46k▲ 49.2%
2024 · €31k
2023: €27k
2024: €31k
2023 → 2025
Working capital
€237k▲ 38.9%
2024 · €171k
2023: €108k
2024: €171k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€111k-
Equity€308k-€339k▲ 10.0%€385k▲ 13.6%
Operating result€27k-€30k▲ 12.6%€43k▲ 42.9%
Net result€27k-€31k▲ 16.1%€46k▲ 49.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€155k▼ 11.2%
Current assets
€259k▲ 36.1%
Equity and liabilities €414k
Equity
€385k▲ 13.6%
Debt
€29k▲ 11.8%
The debt ratio falls from 7.1% to 7.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €63k
Cash flow
€67k▲
2024 · €63k
Solvency
93.0%▲
2024 · 92.9%
Current ratio
11.86▲
2024 · 9.73
Quick ratio
11.86▲
2024 · 9.73
Debt / equity
0.07▼
2024 · 0.08
ROE
12.0%▲
2024 · 9.1%
ROA
11.1%▲
2024 · 8.5%
Interest coverage
919.00▲
2024 · 325.52
Debt
€29k▲
2024 · €26k
Debt ≤ 1 year
€22k▲
2024 · €20k
Income taxes
€704▲
2024 · €315
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€365k€414k▲
Fixed assets21/28€175k€155k▼
Tangible fixed assets22/27€174k€154k▼
Land and buildings22€86k€82k▼
Plant, machinery and equipment23€17k€13k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€64k€55k▼
Financial fixed assets28€1k€1k=
Current assets29/58€190k€259k▲
Amounts receivable within one year40/41€14k€15k▲
Other amounts receivable41€14k€15k▲
Current investments50/53€150k€200k▲
Cash at bank and in hand54/58€25k€44k▲
Deferred charges and accrued income490/1€639-
Equity and liabilities
Total equity and liabilities10/49€365k€414k▲
Equity10/15€339k€385k▲
Contributions10/11€56k€56k=
Capital10€56k€56k=
Issued capital100€56k€56k=
Reserves13€194k€194k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€53k€53k=
Distributable reserves133€135k€135k=
Profit (loss) carried forward14€90k€136k▲
Amounts payable17/49€26k€29k▲
Amounts payable within one year42/48€20k€22k▲
Financial debts43€826-
Credit institutions430/8€826-
Trade debts44€326€3k▲
Suppliers440/4€326€3k▲
Advances received on contracts in progress46€7k€7k=
Other amounts payable47/48€11k€12k▲
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€21k▼
Other operating charges640/8€25k€27k▲
Non-recurring operating charges66A€327-
Gross operating margin9900€88k€91k▲
Operating profit (loss)9901€30k€43k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€192€70▼
Recurring financial charges65€192€70▼
Profit (loss) for the period before taxes9903€31k€47k▲
Income taxes67/77€315€704▲
Profit (loss) for the period9904€31k€46k▲
Profit (loss) for the period to be appropriated9905€31k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€136k▲
Profit (loss) brought forward from the previous period14P€59k€90k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-03
Financial
Highest result since 2023net €46k ▲49.2%
Operating result €43k, net result €46k, both a record.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
31-03
Financial
Liquidity quadruplescurrent ratio 9.73
Current ratio from 2.56 to 9.73; short-term debt falls from €70k to €20k.
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2014
27-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1987
Ground area
179 m²
Building footprint
179 m²
Volume, LiDAR
994 m³
Parcel 52034B0907/00K000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MODEL MOD
since 19872.036.459.867
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B0907/00K000 | Wallonia | 179 m² | 1 · 179 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GROUPE NOVAIS
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REUTER
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,440. 1,551 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-1977
Fiscal year end31-03
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.