Modern Bags
ActiveFrom the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette
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 has been growing by about 18% per year since 2020. 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).
Overview
Official details
KBO- Status
- Active since 26-04-2019 Normal situation
- Activity
- Manufacture of leather and related products NACE 15120and 2 others
- Establishment unit
- 2.288.681.148 3530 Houthalen-Helchteren, since 03-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
Board and ownership
- MULLER StefanDirector · since 26-04-2019
- SMEETS RonnyDirector · since 26-04-2019
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€693
- Loss
- €14,730
- Equity
- €46,779
- ▼ 23.9%
- Total assets
- €94,146
- ▼ 23.9%
Score breakdownraises 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
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 64% of them on solvency, 90% on liquidity, 19% on profitability and 20% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 24 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Key points
- Caution: Lower net result than 84% of companies in leather and related productssector median -€2,534 · 34 companies -€14,730 View
Comparable companies
These companies have the same main activity as Modern Bags: manufacture of leather and related products (NACE 15120). They are comparable in size and age: total assets between €16,200 and €111,000, founded between 2016 and 2024.
| Company | Total assets | Gross margin |
|---|---|---|
| Modern Bags Houthalen-Helchteren | €94,146 | -€693 |
| Hovenco Hove | €76,789 | -€10,808 |
| Petit Louis Zwalm | €109,432 | -€1,078 |
| EVALI Antoing | €27,977 | -€4,479 |
| L'artisan du Cuir Hannut | €22,287 | -€6,587 |
| Madame Peel Nandrin | €110,683 | -€272 |
| SARAHLEVY Elsene | €16,152 | -€32,538 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 30-08-2026
- Annual accounts 2024filed on 30-08-2025
- Annual accounts 2023filed on 26-07-2024
- Annual accounts 2022filed on 30-08-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Modern Bags
- What is the company number of Modern Bags?
- The company number of Modern Bags is 0725.759.443. The VAT number is the same 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?
- The legal form of Modern Bags is Private limited company (BV).
- When was Modern Bags founded?
- Modern Bags was 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?
- Modern Bags had an average of 0.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of Modern Bags?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- 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.Annual accounts at the National Bank
- When are the next annual accounts of Modern Bags due?
- Modern Bags must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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