MODERN TEAM SERVICES
ActiveSummary
For MODERN TEAM SERVICES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €295k and a net result of €26k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 85% of 2301 sector peers (fiscal year 2023). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability78▲+3
Solvency100▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
79%
Return on assets
7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-12-2024, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
153 d late
2022
70 d late
2021
29 d late
2020
26 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▲ 41.0%
2022 · €19k
2018: €41k
2019: €16k
2020: €17k
2021: €25k
2022: €19k
2018 → 2023
Working capital
€305k▲ 2.7%
2022 · €297k
2018: €160k
2019: €191k
2020: €212k
2021: €242k
2022: €297k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€207k-€225k▲ 8.4%€250k▲ 11.2%€268k▲ 7.4%€295k▲ 9.8%
Operating result€28k-€27k▼ 2.3%€38k▲ 39.2%€24k▼ 36.1%€38k▲ 57.6%
Net result€16k-€17k▲ 7.7%€25k▲ 44.8%€19k▼ 25.9%€26k▲ 41.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 58% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €373k
Fixed assets
€288 ▼ 38.4%
Current assets
€373k ▲ 1.5%
Equity and liabilities €373k
Equity
€295k ▲ 9.8%
Debt
€78k ▼ 21.0%
Debt's share of the balance-sheet total falls from 26.9% to 21.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2022 · €36k
Cash flow
€26k▼
2022 · €31k
Current ratio
5.54▲
2022 · 5.27
Quick ratio
5.42▲
2022 · 5.08
Debt to equity
0.27▼
2022 · 0.37
ROE
8.9%▲
2022 · 6.9%
ROA
7.0%▲
2022 · 5.1%
Interest coverage
9.38▼
2022 · 30.10
Debt ≤ 1 year
€67k▼
2022 · €70k
Debt > 1 year
€11k▼
2022 · €22k
Income taxes
€13k▲
2022 · €6k
Staff costs
€39k▲
2022 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 60 lines
Balance sheet
Code20222023
Assets
Total assets20/58€367k€373k▲
Fixed assets21/28€468€288▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€180-
Plant, machinery and equipment23€180-
Furniture and vehicles24€0-
Financial fixed assets28€288€288=
Current assets29/58€367k€373k▲
Stocks and contracts in progress3€13k€8k▼
Stocks30/36€13k€8k▼
Amounts receivable within one year40/41€282k€146k▼
Trade receivables40€130k€135k▲
Other amounts receivable41€152k€11k▼
Cash at bank and in hand54/58€69k€218k▲
Deferred charges and accrued income490/1€3k€467▼
Equity and liabilities
Total equity and liabilities10/49€367k€373k▲
Equity10/15€268k€295k▲
Contributions10/11€62k€62k=
Capital10€62k-
Issued capital100€62k-
Reserves13€6k€32k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k-
Reserves not available under the articles1311-€6k
Tax-exempt reserves132€0-
Distributable reserves133-€26k
Profit (loss) carried forward14€200k€200k=
Amounts payable17/49€99k€78k▼
Amounts payable after more than one year17€22k€11k▼
Financial debts170/4€22k€11k▼
Amounts payable within one year42/48€70k€67k▼
Current portion of amounts payable after more than one year42€12k€11k▼
Financial debts43€955-
Credit institutions430/8€955-
Trade debts44€37k€23k▼
Suppliers440/4€37k€23k▼
Taxes, remuneration and social security45€19k€22k▲
Taxes450/3€18k€22k▲
Remuneration and social security454/9€785-
Other amounts payable47/48€1k€11k▲
Accrued charges and deferred income492/3€8k-
Income statement
Code20222023
Remuneration, social security and pensions62€26k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€180▼
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A€33k-
Gross operating margin9900€103k€80k▼
Operating profit (loss)9901€24k€38k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€25k€39k▲
Income taxes67/77€6k€13k▲
Profit (loss) for the period9904€19k€26k▲
Transfer from tax-exempt reserves789€9k-
Profit (loss) for the period to be appropriated9905€28k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€227k▲
Profit (loss) brought forward from the previous period14P€173k€200k▲
Transfer to equity691/2-€26k
To other reserves6921-€26k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.27
Current ratio from 2.19 to 5.27; short-term debt falls from €204k to €70k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼61.2%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €207k ▲8.4%
2 profitable years in a row build equity to €207k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tubize · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Josse Goffin 311480 TubizeGround area
72 m²
Building footprint
59 m²
Volume, LiDAR
557 m³
Parcel 25019B0222/00G000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Josse Goffin 31, 1480 Tubize
since 19902.047.990.890
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0222/00G000 | Wallonia | 72 m² | 1 · 59 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
REGAFLEX
BE 0705.821.686
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INOXXIZE
BE 0702.783.905
Izegem · Eq €294k
ATELIER DEGUELDRE
BE 0469.208.695
Engis · Eq €296k
SLEUTELSERVICE LAMBERT
BE 0470.783.857
Deinze · Eq €293k
A.A.LASCON
BE 0896.888.328
Torhout · Eq €297k
Of 3,288 companies in sector 25620 we hold annual accounts for 1,723. 1,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-04-1990
Fiscal year end31-12
Abbreviation FR
M.T. SERVICES
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.