Moderna Products
The computed 12-month bankruptcy probability of Moderna Products is 0.3% (very low). The 2024 annual accounts show equity of €9.79M and a net result of €1.17M. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 55% of 81 sector peers (fiscal year 2024). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €9.79M |
| Net result | €1.17M |
| Staff (FTE) | 65.7 |
| Better than sector | 55% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.0% | 24.7% | |
| Net result | €1.17M | €6k | |
| Equity | €9.79M | €44k | |
| Staff costs | €3.81M | €307k | |
| Total assets | €33.77M | €472k |
Show 15 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €24.20M |
| EBITDA | €5.46M |
| Net profit | €1.17M |
| Cash flow | €5.10M |
| Staff costs | €3.81M |
| Income taxes | €1k |
| Dividends | €3.29M |
| Total assets | €33.77M |
| Equity | €9.79M |
| Debt | €23.98M |
| of which ≤ 1y | €11.48M |
| of which > 1y | €11.58M |
| Working capital | €1.20M |
| Employees (FTE) | 65.7 |
| 2024 | |
|---|---|
| Current ratio | 1.10 |
| Quick ratio | 0.62 |
| Working capital ratio | 3.6% |
| Solvency | 29.0% |
| Debt / equity | 2.45 |
| Long-term debt ratio | 1.18 |
| Interest coverage | 8.76 |
| Gross margin | 61.1% |
| Net margin | 4.8% |
| ROA | 3.5% |
| ROE | 12.0% |
| EBITDA margin | 22.5% |
| Days sales outstanding | 80d |
| Days payable outstanding | 62d |
| Inventory turnover | 1.70 |
| Days inventory (DSI) | 215d |
Full annual accounts (25 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €33.77M |
| Fixed assets | 21/28 | €21.09M |
| Tangible fixed assets | 22/27 | €21.06M |
| Financial fixed assets | 28 | €29k |
| Current assets | 29/58 | €12.69M |
| Stocks & contracts in progress | 3 | €5.54M |
| Amounts receivable within one year | 40/41 | €5.80M |
| Cash & bank | 54/58 | €1.25M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €33.77M |
| Equity | 10/15 | €9.79M |
| Contributions / capital | 10/11 | €125k |
| Reserves | 13 | €9.35M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €23.98M |
| Amounts payable after one year | 17 | €11.58M |
| Amounts payable within one year | 42/48 | €11.48M |
| Trade debts payable within one year | 44 | €1.59M |
| Income statement | ||
| Turnover | 70 | €24.20M |
| Operating result | 9901 | €1.52M |
| Financial income | 75 | €308k |
| Financial charges | 65 | €658k |
| Result before taxes | 9903 | €1.17M |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €1.17M |
| Result to be appropriated | 9905 | €1.26M |
-
EY AccountantsBijzonder gevolmachtigdeState Gazette act 25008904 (21-01-2025)Current21-01-2025 → present
-
Casa.Co BVLegal entityDirectorState Gazette act 24078813 (23-05-2024)Current23-05-2024 → present
3 events
- 23-05-2024 Appointed· Director
- 23-05-2024 Appointed· Chair
- 23-05-2024 Appointed· Managing director
-
Alex RaesVast vertegenwoordigerState Gazette act 24024798 (08-02-2024)Current08-02-2024 → present
-
Madelco BVLegal entityDirectorState Gazette act 24078813 (23-05-2024)Current08-02-2024 → present
2 events
- 23-05-2024 Appointed· Director
- 08-02-2024 Appointed· Director
-
MP Group NVLegal entityDirectorState Gazette act 23093206 (19-07-2023)Current19-07-2023 → present
Historic, not recently confirmed (2)
-
Bart BonteVoorzienerState Gazette act 20011334 (20-01-2020)Not recently confirmedlast confirmed in an act from 2020
4 events
- 20-01-2020 Appointed· Voorziener
- 20-01-2020 Appointed· Managing director
- 08-09-2016 Appointed· Managing director
- 08-09-2016 Appointed· Voorzitter van de raad van bestuur
-
Sabbe-Dubaere & Compagnie NVLegal entityDirectorState Gazette act 20011334 (20-01-2020)Not recently confirmedlast confirmed in an act from 2020
Former directors (2)
-
Sabbe-Dubaere & Co NVLegal entityChairState Gazette act 24078813 (23-05-2024)Former- → 23-05-2024
3 events
- 23-05-2024 Resigned· Chair
- 23-05-2024 Resigned· Managing director
- 23-05-2024 Resigned· Director
-
Casa.Co bvbaLegal entityDirectorState Gazette act 20011334 (20-01-2020)Former- → 20-01-2020
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Callens Vandelanotte NVCurrent Statutory auditor |
- | 21-01-2025 → present |
Show 3 earlier auditors
| BV o.v.v.e. CVBA Vandelanotte Bedrijfsrevisoren Statutory auditor succeeded by Vandelanotte Bedrijfsrevisoren CVBA in 2020 |
- | 23-05-2018 → 09-06-2020 |
| Frank Vandelanotte Statutory auditor succeeded by BV o.v.v.e. CVBA Vandelanotte Bedrijfsrevisoren in 2018 |
- | 21-01-2015 → 23-05-2018 |
| Vandelanotte Bedrijfsrevisoren CVBA Statutory auditor succeeded by Callens Vandelanotte NV in 2025 |
- | 09-06-2020 → 21-01-2025 |
| NACE primary | Vervaardiging van platen, vellen, buizen en profielen van kunststof(22210) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 8870 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0930/00P000 | Flanders | 2.8 ha | 1 · 1.2 ha | 10.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-01-2025 2 directors appointed
- Callens Vandelanotte NV, Commissaris
- EY Accountants, Bijzonder gevolmachtigde
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}14-10-2024 Transaction in capital or shares
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- Madelco BV, Bestuurder
- Casa.Co BV, Bestuurder
- Casa.Co BV, Voorzitter
- Casa.Co BV, Gedelegeerd bestuurder
- Sabbe-Dubaere & Co NV, Voorzitter
- Sabbe-Dubaere & Co NV, Gedelegeerd bestuurder
- Sabbe-Dubaere & Co NV, Bestuurder
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}08-02-2024 2 directors appointed
- Madelco BV, Bestuurder
- Alex Raes, Vast vertegenwoordiger
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}19-07-2023 MP Group NV appointed as director
- MP Group NV, Bestuurder
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}03-06-2022 Registered office moved within Izegem
- Victor Saelenstraat 1, 8870 Izegem → 8870 Izegem, Zuidkaai 35
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}23-12-2021 Articles of association amended
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}09-06-2020 Vandelanotte Bedrijfsrevisoren CVBA appointed as statutory auditor
- Vandelanotte Bedrijfsrevisoren CVBA, Commissaris
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}20-01-2020 3 directors appointed, 1 resigning
- Sabbe-Dubaere & Compagnie NV, Bestuurder
- Bart Bonte, Voorziener
- Bart Bonte, Gedelegeerd bestuurder
- Casa.Co bvba, Bestuurder
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}23-05-2018 BV o.v.v.e. CVBA Vandelanotte Bedrijfsrevisoren appointed as statutory auditor
- BV o.v.v.e. CVBA Vandelanotte Bedrijfsrevisoren, Commissaris
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}08-09-2016 2 directors appointed
- Bonte Bart, Gedelegeerd bestuurder
- Bonte Bart, Voorzitter van de raad van bestuur
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}21-01-2015 Frank Vandelanotte appointed as statutory auditor
- Frank Vandelanotte, Commissaris
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}27-12-2004 Articles of association amended
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}| Legal nameNL | Moderna Products |