Modere Europe
A bankruptcy procedure is open for Modere Europe according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €3.34M and a net result of €367k.
| Equity | €3.34M |
| Net result | €367k |
| Staff (FTE) | 12.4 |
| Better than sector | 40% |
Fragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.3% | 29.2% | |
| Net result | €367k | €35k | |
| Equity | €3.34M | €458k | |
| Staff costs | €1.88M | €487k | |
| Employees (FTE) | 12.4 | 7.5 |
Show 13 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | €21.20M |
| EBITDA | €1.11M |
| Net profit | €367k |
| Cash flow | €415k |
| Staff costs | €1.88M |
| Income taxes | €146k |
| Dividends | - |
| Total assets | €15.66M |
| Equity | €3.34M |
| Debt | €12.32M |
| of which ≤ 1y | €12.20M |
| of which > 1y | - |
| Working capital | €3.39M |
| Employees (FTE) | 12.4 |
| 2023 | |
|---|---|
| Current ratio | 1.28 |
| Quick ratio | 1.13 |
| Working capital ratio | 21.6% |
| Solvency | 21.3% |
| Debt / equity | 3.69 |
| Long-term debt ratio | - |
| Interest coverage | 23.43 |
| Gross margin | 47.1% |
| Net margin | 1.7% |
| ROA | 2.3% |
| ROE | 11.0% |
| EBITDA margin | 5.2% |
| Days sales outstanding | 212d |
| Days payable outstanding | 315d |
| Inventory turnover | 6.11 |
| Days inventory (DSI) | 60d |
Full annual accounts (24 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €15.66M |
| Fixed assets | 21/28 | €70k |
| Intangible fixed assets | 21 | €36k |
| Tangible fixed assets | 22/27 | €34k |
| Current assets | 29/58 | €15.59M |
| Stocks & contracts in progress | 3 | €1.84M |
| Amounts receivable within one year | 40/41 | €12.38M |
| Cash & bank | 54/58 | €1.32M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €15.66M |
| Equity | 10/15 | €3.34M |
| Contributions / capital | 10/11 | €25k |
| Reserves | 13 | €1.03M |
| Accumulated profits (losses) | 14 | €2.28M |
| Amounts payable | 17/49 | €12.32M |
| Amounts payable within one year | 42/48 | €12.20M |
| Trade debts payable within one year | 44 | €9.67M |
| Income statement | ||
| Turnover | 70 | €21.20M |
| Operating result | 9901 | €1.06M |
| Financial income | 75 | €33k |
| Financial charges | 65 | €580k |
| Result before taxes | 9903 | €514k |
| Income taxes | 67/77 | €146k |
| Net result for the period | 9904 | €367k |
| Result to be appropriated | 9905 | €367k |
-
Gregory Anthony Joseph GittensDirectorState Gazette act 25047755 (11-04-2025)Current11-04-2025 → present
-
Jonas HedbergDirectorState Gazette act 21081348 (07-07-2021)Current04-11-2020 → present
2 events
- 07-07-2021 Appointed· Director
- 04-11-2020 Appointed· Manager
Historic, not recently confirmed (4)
-
Michelle N. WilsonManagerState Gazette act 18131429 (29-08-2018)Not recently confirmedlast confirmed in an act from 2018
-
Shane L. WareManagerState Gazette act 18131429 (29-08-2018)Not recently confirmedlast confirmed in an act from 2018
-
Joshua KirschbaumManagerState Gazette act 18085490 (01-06-2018)Not recently confirmedlast confirmed in an act from 2018
-
Frank VoldersManagerState Gazette act 08161088 (10-10-2008)Not recently confirmedlast confirmed in an act from 2008
Former directors (10)
-
Mats Olov Jonas HedbergDirectorState Gazette act 25079511 (25-06-2025)Former- → 25-06-2025
-
Glen Lewis TuttleDirectorState Gazette act 23151732 (28-11-2023)Former28-11-2023 → 11-04-2025
2 events
- 11-04-2025 Resigned· Director
- 28-11-2023 Appointed· Director
-
Michelle WILSONDirectorState Gazette act 20352312 (30-10-2020)Former30-10-2020 → 28-11-2023
2 events
- 28-11-2023 Resigned· Director
- 30-10-2020 Appointed· Director
-
Shane WAREDirectorState Gazette act 20352312 (30-10-2020)Former30-10-2020 → 28-11-2023
2 events
- 28-11-2023 Resigned· Director
- 30-10-2020 Appointed· Director
-
Eleanor Mary FordhamManagerState Gazette act 20129615 (04-11-2020)Former- → 04-11-2020
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Simon BriersCurrent Statutory auditor |
- | 04-08-2020 → present |
Show 1 earlier auditors
| Bekkers & Co BBVBA Statutory auditor succeeded by Simon Briers in 2020 |
- | 12-09-2017 → 04-08-2020 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | WARD VAN MELDERT KUNSTLAAN 24/9B,
1000 BRUSSEL 1 |
31-03-2026 → present | Belgian State Gazette |
| NACE primary | Groothandel in parfumerieën en cosmetica(46450) |
| Legal form | Private limited company(610) |
| Incorporation | 07-11-2007 |
| Status | Active |
| Postal code | 1831 |
| First BS signal | 07-04-2026 |
| Latest BS signal | 07-04-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0030/00M000 | Flanders | 9,648 m² | 1 · 3,829 m² | 22.2 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 29 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-06-2025 Mats Olov Jonas Hedberg resigns as director
- Mats Olov Jonas Hedberg, Bestuurder
Technical details
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}11-04-2025 1 director appointed, 1 resigning
- Gregory Anthony Joseph Gittens, Bestuurder
- Glen Lewis Tuttle, Bestuurder
Technical details
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"subject_company": {
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}28-11-2023 1 director appointed, 2 resigning
- Glen Lewis Tuttle, Bestuurder
- Shane Ware, Bestuurder
- Michelle Wilson, Bestuurder
Technical details
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}29-08-2023 Simon Briers appointed as statutory auditor
- Simon Briers, Commissaris
Technical details
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}07-07-2021 Jonas Hedberg appointed as director
- Jonas Hedberg, Bestuurder
Technical details
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"name": "Jonas Hedberg",
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}04-11-2020 1 director appointed, 1 resigning
- Jonas Hedberg, Zaakvoerder
- Eleanor Mary Fordham, Zaakvoerder
Technical details
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}30-10-2020 2 directors appointed
- Shane WARE, Bestuurder
- Michelle WILSON, Bestuurder
Technical details
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}04-08-2020 Simon Briers appointed as statutory auditor
- Simon Briers, Commissaris
Technical details
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}29-08-2018 2 directors appointed, 2 resigning
- Shane L. Ware, Zaakvoerder
- Michelle N. Wilson, Zaakvoerder
- Brian D. Baxter, Zaakvoerder
- Joshua A. Kirschbaum, Zaakvoerder
Technical details
{
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},
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}01-06-2018 1 director appointed, 1 resigning
- Joshua Kirschbaum, Zaakvoerder
- Brian Baxter, Zaakvoerder
Technical details
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}12-09-2017 Bekkers & Co BBVBA appointed as statutory auditor
- Bekkers & Co BBVBA, Commissaris
Technical details
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}07-04-2017 Registered office moved within Diegem
- Kouterveldstraat 20, 1831 Diegem → Telecomlaan 9, 1831 Diegem
Technical details
{
"events": [
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"country": "BE",
"postcode": "1831",
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"postcode": "1831",
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},
"effective_date": "2016-12-06",
"evidence_quote": "De maatschappelijke zetel van de Vennootschap wordt met ingang van 6 december 2016 overgebracht naar Telecomlaan 9, 1831 Diegem.",
"region_changed": false,
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],
"notary": {
"name": "N. Ban Bressel",
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},
"act_meta": {
"language": "nl",
"pub_date": "2017-04-07",
"filing_date": "2017-03-27",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
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"date": "2017-02-23",
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},
"subject_company": {
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"publication_proxy": {
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"org_kbo": null,
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"person_name": "Brian D. Baxter",
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},
"co_filed_documents": [
"Uittreksel uit de notulen van het College van Zaakvoerders van de vennootschap van 23 februari 2017"
]
}27-01-2017 1 director appointed, 1 resigning
- Joshua A. Kirschbaum, Zaakvoerder
- Nathan D. Brown, Zaakvoerder
Technical details
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"subject_company": {
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"name_full": "Neways Europe"
}
}25-09-2015 Articles of association amended
Technical details
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},
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"new": "BESLOTEN VENNOOTSCHAP MET BEPERKTE AANSPRAKELIJKHEID",
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"changed": false
}
}26-06-2015 1 director appointed, 1 resigning
- Nathan D. Brown, Zaakvoerder
- Christopher Crump, Zaakvoerder
Technical details
{
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}
}07-04-2010 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"notary": {
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},
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},
"decision": {
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"act_date": "2010-03-25",
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},
"conversion": null,
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"restructuring": {
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{
"kbo": "0893.292.596",
"name": "Neways Europe",
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"address": "Kouterveldstraat 20, 1831 Diegem",
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}
],
"exchange_ratio": null,
"legal_articles": [
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"patrimony_description": "De correctie betreft het adres van de zaakvoerder Eric Larsen, dat onjuist werd gepubliceerd in het Belgisch Staatsblad op 19 november 2007 onder nummer 07165250.",
"equity_transferred_eur": null,
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},
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"legal_form": "Besloten vennootschap met beperkte aansprakelijkheid"
},
"detected_kind_raw": "material_correction",
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},
"summary_narrative": "De notaris bevestigt in een verbeteringsakte dat het adres van de zaakvoerder Eric Larsen, dat oorspronkelijk werd gepubliceerd in het Belgisch Staatsblad op 19 november 2007 (nummer 07165250), moet worden herzien naar 2737 Nanh 550 West, Pleasant Grove, UT 84062, Verenigde Staten.",
"co_filed_documents": [],
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"prior_pub_number": "07165250"
},
"should_reroute_to_category": null
}10-10-2008 Frank Volders appointed as manager
- Frank Volders, Zaakvoerder
Technical details
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}| Legal nameNL | Modere Europe |