Modern Wonen en Decoratie
ActiveSummary
Modern Wonen en Decoratie has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €-2k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability22▼-13
Solvency38=
Growth55=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.26 against 0.79 in 2023; short-term debt: 87.1% and cash: 0.1% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-6.4%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
47 d late
2023
85 d early
2022
120 d early
2021
53 d early
2020
16 d early
2019
39 d early
2018
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€106k▲ 667%
2022 · €14k
2019: €20k
2020: €36k
2021: €30k
2022: €14k
2019 → 2023
EBIT margin
-1.2%▼ 5.4pp
2022 · 4.2%
2019: 5.4%
2020: 2.1%
2021: 7.4%
2022: 4.2%
2019 → 2023
Net result
€-2k▲ 11.6%
2023 · €-2k
2019: €538
2020: €603
2021: €731
2022: €-651
2023: €-2k
2019 → 2024
Working capital
€-16k▼ 137%
2023 · €-7k
2019: €-16k
2020: €-15k
2021: €-12k
2022: €-13k
2023: €-7k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€36k-€30k▼ 15.5%€14k▼ 54.6%€106k▲ 667%
Equity€6k-€7k▲ 11.4%€6k▼ 9.1%€5k▼ 27.3%€3k▼ 33.1%
Operating result€765-€2k▲ 196%€582▼ 74.3%€-1k€-1k▼ 12.9%
Net result€603-€731▲ 21.2%€-651€-2k▼ 172%€-2k▲ 11.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€19k ▲ 66.2%
Current assets
€6k ▼ 77.4%
Equity and liabilities €24k
Equity
€3k ▼ 33.1%
Debt
€21k ▼ 32.2%
Debt's share of the balance-sheet total rises from 86.9% to 87.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €7k
Cash flow
€2k▼
2023 · €6k
Current ratio
0.26▼
2023 · 0.79
Quick ratio
0.01▼
2023 · 0.62
Debt to equity
6.74▲
2023 · 6.65
ROE
-49.5%▼
2023 · -37.5%
ROA
-6.4%▼
2023 · -4.9%
Debt ≤ 1 year
€21k▼
2023 · €31k
Income taxes
€93▼
2023 · €467
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€24k▼
Fixed assets21/28€11k€19k▲
Tangible fixed assets22/27€11k€19k▲
Land and buildings22€2k€2k=
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€7k€15k▲
Current assets29/58€25k€6k▼
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€1k€745▼
Contracts in progress37€4k€5k▲
Amounts receivable within one year40/41€3k€241▼
Trade receivables40€3k€0▼
Other amounts receivable41-€241
Cash at bank and in hand54/58€16k€15▼
Equity and liabilities
Total equity and liabilities10/49€36k€24k▼
Equity10/15€5k€3k▼
Contributions10/11€7k€7k=
Capital10€7k€7k=
Issued capital100€20k€20k=
Uncalled capital101€13k€13k=
Profit (loss) carried forward14€-2k€-4k▼
Amounts payable17/49€31k€21k▼
Amounts payable within one year42/48€31k€21k▼
Trade debts44-€0
Suppliers440/4-€0
Taxes, remuneration and social security45€9k-
Taxes450/3€9k-
Other amounts payable47/48€22k€21k▼
Income statement
Code20232024
Turnover70€106k-
Non-recurring operating income76A-€4k
Goods, raw materials, services and sundry goods60/61€99k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-56
Other operating charges640/8€670€29k▲
Gross operating margin9900€7k€31k▲
Operating profit (loss)9901€-1k€-1k▼
Profit (loss) for the period before taxes9903€-1k€-1k▼
Income taxes67/77€467€93▼
Profit (loss) for the period9904€-2k€-2k▲
Profit (loss) for the period to be appropriated9905€-2k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-4k▼
Profit (loss) brought forward from the previous period14P€-505€-2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €731 ▲21.2%
Operating result €2k, net result €731, both a record.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2011
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.
Franklin Rooseveltlaan 1019000 GentGround area
285 m²
Building footprint
149 m²
Volume, LiDAR
1,946 m³
Parcel 44804D2559/00A003, Flanders · tallest building 27.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Modern Wonen en Decoratie
since 20112.203.522.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2559/00A003 | Flanders | 285 m² | 1 · 149 m² | 27.6 m · 5 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
SATINEAU INTERIOR DESIGN
BE 0746.956.616
Hasselt · Eq €3,162
MARK BUTENEERS
BE 1004.948.704
Pelt · Eq €3,171
SUPER CLEAN
BE 0892.715.645
Mechelen · Eq €3,122
CASA TECH RENOVE
BE 0697.742.972
Anderlecht · Eq €3,244
CHRIS LEPERRE
BE 0877.366.186
Wevelgem · Eq €3,258
Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 833 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 formPrivate limited company
Founded20-10-2011
Fiscal year end31-12
Abbreviation NL
MWD
Activities, NACEBEL 2025
43341Painting of buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.