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Modern Bags

Active
Private limited companyfounded 2019active for 7 yearsHerebaan-Oost 162, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0725.759.443
Summary

Modern Bags has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,779 and a net result of -€14,730. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 62% of 34 sector peers (NACE 15, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
Modern BagsActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of leather and related products
NACE 15120
1 site
Size
€94,146total assets 2025
Equity
€46,779
Loss
-€14,730
Turnover not published (micro format)
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
2025 accounts filed 30 days late1 of 2 deeds summarised
Why 82raises riskLoss of €14,730 (financial year 2025)Last filed accounts filed 30 days latelowers riskLiquidity: current ratio 3.68, cash €30,863Equity €46,779 (49.7% of total assets)Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 15, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 75=
equity 49.7% of total assets
Liquidity 86-9
short-term debt 17.6% · cash 32.8%
Profitability 0-76
return on assets -15.6%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (53 companies, NACE 15, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.8 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.4 percentage points vs 07-2026 09-2026: 0.5%▼ -0.2 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 3.68, compared with 3.92 in 2024, above the usual 1.5; short-term debt: 17.6% and cash: 32.8% of total assets), but 50.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 15, micro): better than 64% on solvency, 90% on liquidity, 19% on profitability and 20% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 3.68, cash €30,863
NBB · annual accounts
raises risk · Loss of €14,730 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €46,779 (49.7% of total assets)
NBB · annual accounts
raises risk · Last filed accounts filed 30 days late
NBB · filings
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
30 days late
2024
30 days late
2023
5 days early
2022
30 days late
2021
30 days late
2020
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€14,730
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Among the weakest 16% on net resultsector median -€2,534 · 34 companies -€14,730 View
  • Board2 directors in office 2 View
  • Total assets 20256 financial years filed €94,146 View

By topic

Financials

Financial year
2025
Total assets
€94,146
Loss
-€14,730
Solvency
49.7%
Total assets▼ 23.9%
Net result
20202025
Go to Financials

Timeline

Events
11
Since
2021
Next accounts
by 31-07-2027
  1. 26-07-2024Annual accounts filed
  2. 03-06-2024Resignations: SMEETS Ronny (manager) and MULLER Stefan…
  3. 31-12-2023Highest result from 2020 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of leather and related productsNACE 15120
Founded
26-04-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Purpose
“De productie van,aan-en verkoop,groot-en kleinhandel van allerhande…” (deed in Dutch)
Go to Articles of association

Key facts about Modern Bags

What is the company number of Modern Bags?
0725.759.443. In Belgium the VAT number is the company number with BE in front: BE 0725.759.443.
Where is Modern Bags based?
The registered office is at Herebaan-Oost 162, 3530 Houthalen-Helchteren.Company details
What does Modern Bags do?
According to the KBO register, the main activity is manufacture of leather and related products (NACE 15120).
What is the legal form of Modern Bags?
Private limited company (BV).
When was Modern Bags founded?
On 26-04-2019.
Is Modern Bags still active?
Yes, Modern Bags is an active enterprise in the KBO register.
How many employees does Modern Bags have?
On average 0.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of Modern Bags?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Modern Bags profitable?
In financial year 2025, Modern Bags made a loss of €14,730.
Where can I find the annual accounts of Modern Bags?
Modern Bags filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Modern Bags due?
By 31-07-2027, for financial year 2026.Timeline

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