MODELMO
ActiveMODELMO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43k and a net result of €-7k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-63
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 3.17 in 2023; short-term debt: 8.9% and cash: 8.7% of total assets), and 8.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.1%
Return on assets
-14.8%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
20 d late
2022
19 d late
2021
25 d early
2020
30 d late
2019
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€43k▼ 14.0%
2023 · €50k
2018: €17k
2019: €29k
2020: €35k
2021: €42k
2022: €53k
2023: €50k
2018 → 2024
Total assets
€48k▼ 16.6%
2023 · €57k
2018: €31k
2019: €48k
2020: €47k
2021: €59k
2022: €69k
2023: €57k
2018 → 2024
Net result
€-7k▼ 177%
2023 · €-3k
2018: €10k
2019: €13k
2020: €6k
2021: €7k
2022: €11k
2023: €-3k
2018 → 2024
Working capital
€13k▼ 8.7%
2023 · €15k
2018: €12k
2019: €27k
2020: €23k
2021: €9k
2022: €18k
2023: €15k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€42k▲ 18.9%€53k▲ 25.2%€50k▼ 4.8%€43k▼ 14.0%
Operating result€6k-€8k▲ 22.7%€15k▲ 93.4%€-2k€-7k▼ 177%
Net result€6k-€7k▲ 9.6%€11k▲ 58.3%€-3k€-7k▼ 177%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48k
Fixed assets
€30k▼ 16.1%
Current assets
€18k▼ 17.6%
Equity and liabilities €48k
Equity
€43k▼ 14.0%
Debt
€4k▼ 36.7%
The debt ratio falls from 11.8% to 8.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-56▼
2023 · €4k
Cash flow
€-354▼
2023 · €4k
Solvency
91.1%▲
2023 · 88.2%
Current ratio
4.13▲
2023 · 3.17
Quick ratio
4.13▲
2023 · 3.17
Debt / equity
0.10▼
2023 · 0.13
ROE
-16.2%▼
2023 · -5.0%
ROA
-14.8%▼
2023 · -4.4%
Interest coverage
-0.17▼
2023 · 28.08
Debt
€4k▼
2023 · €7k
Debt ≤ 1 year
€4k▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€57k€48k▼
Fixed assets21/28€36k€30k▼
Tangible fixed assets22/27€36k€30k▼
Plant, machinery and equipment23€36k€30k▼
Current assets29/58€21k€18k▼
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€2k€5k▲
Other amounts receivable41€1k€967▼
Current investments50/53€13k€7k▼
Cash at bank and in hand54/58€4k€4k▼
Deferred charges and accrued income490/1€721€467▼
Equity and liabilities
Total equity and liabilities10/49€57k€48k▼
Equity10/15€50k€43k▼
Contributions10/11€19k€19k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€16k€9k▼
Amounts payable17/49€7k€4k▼
Amounts payable within one year42/48€7k€4k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€3k€447▼
Taxes450/3€3k€447▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8-€60
Gross operating margin9900€4k€4▼
Operating profit (loss)9901€-2k€-7k▼
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€139€329▲
Recurring financial charges65€139€329▲
Profit (loss) for the period before taxes9903€-3k€-7k▼
Income taxes67/77€-30-
Profit (loss) for the period9904€-3k€-7k▼
Profit (loss) for the period to be appropriated9905€-3k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€9k▼
Profit (loss) brought forward from the previous period14P€16k€16k▼
Transfer from equity791/2€2k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Highest result since 2018net €13k ▲25%
Net result €13k, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schaarbeek · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Bosstraat 641030 SchaarbeekGround area
121 m²
Building footprint
86 m²
Volume, LiDAR
1,121 m³
Parcel 21904B0517/00Y006, Brussels · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Grote Bosstraat 64, 1030 Schaarbeek
since 20102.185.650.322
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0517/00Y006 | Brussels | 120 m² | 1 · 86 m² | 16.5 m · 5 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.
Similar companies · same sector, comparable size
Valentina Carrara Architects
BE 0887.143.588
Schaarbeek · Eq €43k
KUBIKO
BE 0811.389.063
Vorst · Eq €43k
Certagrid
BE 0790.920.479
Lille · Eq €43k
MAES & VANDELANNOOTE ARCHITECTEN
BE 0894.202.913
Kortrijk · Eq €43k
TRITONN
BE 0553.791.608
Wommelgem · Eq €43k
Of 18,255 companies in sector 71111 we hold annual accounts for 6,320. 5,229 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2010
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.