MODENE
ActiveSummary
MODENE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €277,466 and a net result of €16,305. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 236 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability53▼-27
Solvency92▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 5.5 against 3.86 in 2025; short-term debt: 18.2% and cash: 27% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
67%
Return on assets
3.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 14-07-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
48 d early
2025
3 d early
2024
67 d early
2023
86 d early
2022
110 d early
2021
104 d early
2020
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-01-2027 close31-08-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,305▼ 51.4%
2025 · €33,557
Working capital
€338,001▲ 23.4%
2025 · €273,895
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€13,147▼ 32.6%€28,118▲ 114%€25,958▼ 7.7%€37,664▲ 45.1%€18,302▼ 51.4%
Net result€16,205▼ 22.7%€28,080▲ 73.3%€24,193▼ 13.8%€33,557▲ 38.7%€16,305▼ 51.4%
Equity€175,331▲ 10.2%€203,411▲ 16.0%€227,605▲ 11.9%€261,161▲ 14.7%€277,466▲ 6.2%
Total assets€257,049▼ 2.6%€355,530▲ 38.3%€335,134▼ 5.7%€370,039▲ 10.4%€414,087▲ 11.9%
Debt€81,718▼ 22.0%€152,119▲ 86.2%€107,530▼ 29.3%€108,878▲ 1.3%€136,621▲ 25.5%
Working capital€219,643▼ 8.0%€254,434▲ 15.8%€246,556▼ 3.1%€273,895▲ 11.1%€338,001▲ 23.4%
Staff (FTE)1.1▼ 31.3%0.8▼ 27.3%0.8=0.8=0.8=
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 51% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €414,087
Fixed assets
€899 ▲ 243%
Current assets
€413,188 ▲ 11.7%
Equity and liabilities €414,087
Equity
€277,466 ▲ 6.2%
Debt
€136,621 ▲ 25.5%
Debt's share of the balance-sheet total rises from 29.4% to 33.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,656▼
2025 · €41,099
Cash flow
€16,659▼
2025 · €36,991
Current ratio
5.50▲
2025 · 3.86
Quick ratio
1.66▲
2025 · 0.80
Debt to equity
0.49▲
2025 · 0.42
ROE
5.9%▼
2025 · 12.8%
ROA
3.9%▼
2025 · 9.1%
Interest coverage
3.57▼
2025 · 7.98
Debt ≤ 1 year
€75,188▼
2025 · €95,883
Debt > 1 year
€57,100▲
2025 · €7,100
Income taxes
€5,871▼
2025 · €12,324
Staff costs
€33,369▼
2025 · €33,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €47,710 | €30,691 | €33,035 | €33,769 | €33,369 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €622 | €2,383 | €4,532 | €3,435 | €354 | ▼ 89.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€24,277 | €20,778 | €30,858 | €42,784 | €21,037 | ▼ 50.8% |
| Other operating charges640/8 | €709 | €892 | €930 | €908 | €969 | ▲ 6.7% |
| Gross operating margin9900 | €37,912 | €82,861 | €95,313 | €118,560 | €74,030 | ▼ 37.6% |
| Operating profit (loss)9901 | €13,147 | €28,118 | €25,958 | €37,664 | €18,302 | ▼ 51.4% |
| Financial income75/76B | €9,074 | €12,200 | €13,571 | €13,366 | €9,095 | ▼ 32.0% |
| Recurring financial income75 | €9,074 | €12,200 | €13,571 | €13,366 | €9,095 | ▼ 32.0% |
| Financial charges65/66B | €6,016 | €5,062 | €6,200 | €5,148 | €5,221 | ▲ 1.4% |
| Recurring financial charges65 | €6,016 | €5,062 | €6,200 | €5,148 | €5,221 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €16,205 | €35,256 | €33,329 | €45,881 | €22,176 | ▼ 51.7% |
| Income taxes67/77 | - | €7,175 | €9,136 | €12,324 | €5,871 | ▼ 52.4% |
| Profit (loss) for the period9904 | €16,205 | €28,080 | €24,193 | €33,557 | €16,305 | ▼ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €16,205 | €28,080 | €24,193 | €33,557 | €16,305 | ▼ 51.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,049 | €355,530 | €335,134 | €370,039 | €414,087 | ▲ 11.9% |
| Fixed assets21/28 | €2,428 | €8,228 | €3,697 | €262 | €899 | ▲ 243% |
| Tangible fixed assets22/27 | €2,230 | €8,030 | €3,498 | €64 | €700 | ▲ 1,002% |
| Plant, machinery and equipment23 | €1,075 | €453 | €0 | - | - | - |
| Furniture and vehicles24 | €1,155 | €7,577 | €3,498 | €64 | €700 | ▲ 1,002% |
| Financial fixed assets28 | €198 | €198 | €198 | €198 | €198 | = |
| Current assets29/58 | €254,621 | €347,302 | €331,438 | €369,777 | €413,188 | ▲ 11.7% |
| Stocks and contracts in progress3 | €121,986 | €217,329 | €272,534 | €293,298 | €288,129 | ▼ 1.8% |
| Stocks30/36 | €121,986 | €217,329 | €272,534 | €293,298 | €288,129 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €16,956 | €12,613 | €4,091 | €3,992 | €10,443 | ▲ 162% |
| Trade receivables40 | €11,956 | €12,613 | €4,091 | €3,992 | €6,314 | ▲ 58.2% |
| Other amounts receivable41 | €5,000 | €0 | - | - | €4,129 | - |
| Cash at bank and in hand54/58 | €113,435 | €115,017 | €52,344 | €70,129 | €111,917 | ▲ 59.6% |
| Deferred charges and accrued income490/1 | €2,244 | €2,342 | €2,469 | €2,358 | €2,699 | ▲ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,049 | €355,530 | €335,134 | €370,039 | €414,087 | ▲ 11.9% |
| Equity10/15 | €175,331 | €203,411 | €227,605 | €261,161 | €277,466 | ▲ 6.2% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Non-distributable reserves130/1 | €4,000 | €4,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,000 | €4,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €131,331 | €159,411 | €183,605 | €217,161 | €233,466 | ▲ 7.5% |
| Amounts payable17/49 | €81,718 | €152,119 | €107,530 | €108,878 | €136,621 | ▲ 25.5% |
| Amounts payable after more than one year17 | €42,100 | €54,100 | €18,100 | €7,100 | €57,100 | ▲ 704% |
| Other amounts payable178/9 | €42,100 | €54,100 | €18,100 | €7,100 | €57,100 | ▲ 704% |
| Amounts payable within one year42/48 | €34,978 | €92,868 | €84,881 | €95,883 | €75,188 | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,132 | €0 | ▼ 100% |
| Trade debts44 | €17,536 | €72,607 | €55,448 | €67,984 | €63,596 | ▼ 6.5% |
| Suppliers440/4 | €17,536 | €72,607 | €55,448 | €67,984 | €63,596 | ▼ 6.5% |
| Taxes, remuneration and social security45 | €17,442 | €20,261 | €29,433 | €25,767 | €11,592 | ▼ 55.0% |
| Taxes450/3 | €12,183 | €14,584 | €23,150 | €19,139 | €4,884 | ▼ 74.5% |
| Remuneration and social security454/9 | €5,258 | €5,677 | €6,283 | €6,629 | €6,709 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €4,640 | €5,151 | €4,548 | €5,895 | €4,333 | ▼ 26.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,205 | €28,080 | €24,193 | €33,557 | €16,305 | ▼ 51.4% |
| + Depreciation and write-downs630 | €622 | €2,383 | €4,532 | €3,435 | €354 | ▼ 89.7% |
| Operating cash flow (approximation) | €16,827 | €30,463 | €28,725 | €36,991 | €16,659 | ▼ 55.0% |
| Investment in fixed assets (approximation) | - | -€8,183 | €0 | €0 | -€991 | - |
| Change in cash | - | €1,582 | -€62,673 | €17,785 | €41,788 | ▲ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-01
Financial
Highest result since 2019net €33,557 ▲38.7%
Operating result €37,664, net result €33,557, both a record.
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
Financial
Equity above €200,000Eq €203,411 ▲16%
5 profitable years in a row build equity to €203,411.
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Equity above €150,000Eq €159,126 ▲15.2%
3 profitable years in a row build equity to €159,126.
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Waremme · 4 establishment units since 2001
Ground area
722 m²
Building footprint
370 m²
Volume, LiDAR
3,887 m³
4 parcels, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
4 establishment units
Rue du Collège(VIS) 37, 4600 Visé
since 20012.101.382.957
Rue Joseph Wauters 10, 4300 Waremme
since 20012.101.383.056
Grand'Place 2, 4280 Hannut
since 20092.183.834.343
Rive Gauche
since 20262.392.948.923
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0362/00C000 | Wallonia | 320 m² | 1 · 110 m² | 13.8 m · 4 fl. |
| 64074C0344/00H000 | Wallonia | 162 m² | 1 · 104 m² | 12.9 m · 3 fl. |
| 62108C0070/00B000 | Wallonia | 158 m² | 1 · 103 m² | 13.2 m · 4 fl. |
| 62108C0292/00G000 | Wallonia | 82 m² | 1 · 53 m² | 12.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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
SAVAN
BE 0455.771.920
Alken · Eq €278,073
CAPA - GENT
BE 0866.771.412
Zulte · Eq €278,510
SCHOENEN VALENCIA
BE 0476.339.977
Poperinge · Eq €278,665
Van Aken-Teblick
BE 0645.743.648
Turnhout · Eq €284,971
IBA WORLDWIDE TRADING COMPANY
BE 0817.898.654
Kortenberg · Eq €268,895
Of 1,035 companies in sector 47721 we hold annual accounts for 582. 423 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2001
Fiscal year end31-01
Activities, NACEBEL 2025
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475092142
Also
9925:BE0475092142
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.