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MODERN SPACE CONSTRUCT

Active
Private limited companyfounded 2019active for 6 yearsKeizer Karellaan 223, 1083 Ganshoren, BelgiumKBO/BCE: BE 0738.489.704
Summary

The computed 12-month bankruptcy probability of MODERN SPACE CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €18,016 and a net result of -€8,478. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 44% of 34,807 sector peers (NACE 43, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

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MODERN SPACE CONSTRUCTActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other building finishing work
NACE 43350
1 site
Size
≈ €93,000turnover 2025, estimated
Equity
€18,016
Loss
-€8,478
Turnover estimated from the gross margin
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
2025 accounts filed 59 days late2 deeds in the Belgian Official Gazette
Why 53raises riskLast filed accounts filed 59 days late; 3 of the last 3 lateSize: total assets €43,852Loss of €8,478, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 1.05, cash €11,575Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 32% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 66-6
equity 41.1% of total assets
Liquidity 52+24
short-term debt 58.9% · cash 26.4%
Profitability 50-4
return on assets -19.3%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,663 companies, NACE 43, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.9%▲ +0.1 percentage points vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 2.5%▲ +0.6 percentage points vs 07-2025 09-2025: 2.8%▲ +0.3 percentage points vs 08-2025 10-2025: 4.1%▲ +1.3 percentage points vs 09-2025highest value 11-2025: 3.5%▼ -0.6 percentage points vs 10-2025 12-2025: 3.5%● unchanged vs 11-2025 01-2026: 3.4%▼ -0.1 percentage points vs 12-2025 02-2026: 3.0%▼ -0.4 percentage points vs 01-2026 03-2026: 3.0%● unchanged vs 02-2026 04-2026: 3.0%● unchanged vs 03-2026 05-2026: 3.0%● unchanged vs 04-2026 06-2026: 2.9%▼ -0.1 percentage points vs 05-2026 07-2026: 2.9%● unchanged vs 06-2026 08-2026: 3.6%▲ +0.7 percentage points vs 07-2026 09-2026: 3.8%▲ +0.2 percentage points vs 08-2026 10-2026: 1.9%▼ -1.9 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.05, compared with 0.82 in 2024, below the usual 1.5; short-term debt: 58.9% and cash: 26.4% of total assets), and 58.9% 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 43, micro): better than 44% on solvency, 48% on liquidity, 24% on profitability and 13% on growth.

The bankruptcy probability was computed on 29-10-2026 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

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 59 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 1.05, cash €11,575
NBB · annual accounts
raises risk · Size: total assets €43,852
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €8,478, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€8,478
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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
59 days late
2024
59 days late
2023
58 days late
2022
60 days late
2021
65 days late
2020
20 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 54 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed 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 28 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 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 -€8,478
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Among the weakest 13% on net resultsector median €10,234 · 34,794 companies -€8,478 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€8,478 View
  • Total assets 20256 financial years filed €43,852 View

By topic

Financials

Financial year
2025
Total assets
€43,852
Loss
-€8,478
Solvency
41.1%
Turnover▲ 97.6%
Net result
20202021
Go to Financials

Timeline

Events
9
Since
2021
Next accounts
by 31-07-2027
  1. 27-09-2024Annual accounts filed
  2. 29-09-2023Annual accounts filed
  3. 04-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other building finishing workNACE 43350
Founded
27-11-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MODERN SPACE CONSTRUCT

What is the company number of MODERN SPACE CONSTRUCT?
0738.489.704. In Belgium the VAT number is the company number with BE in front: BE 0738.489.704.
Where is MODERN SPACE CONSTRUCT based?
The registered office is at Keizer Karellaan 223, 1083 Ganshoren.Company details
What does MODERN SPACE CONSTRUCT do?
According to the KBO register, the main activity is other building finishing work (NACE 43350).
What is the legal form of MODERN SPACE CONSTRUCT?
Private limited company (BV).
When was MODERN SPACE CONSTRUCT founded?
On 27-11-2019.
Is MODERN SPACE CONSTRUCT still active?
Yes, MODERN SPACE CONSTRUCT is an active enterprise in the KBO register.
What is the turnover of MODERN SPACE CONSTRUCT?
€122,831 in financial year 2021, according to the filed annual accounts.Financials
Is MODERN SPACE CONSTRUCT profitable?
In financial year 2025, MODERN SPACE CONSTRUCT made a loss of €8,478.
Where can I find the annual accounts of MODERN SPACE CONSTRUCT?
MODERN SPACE CONSTRUCT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MODERN SPACE CONSTRUCT due?
By 31-07-2027, for financial year 2026.Timeline

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