Moderniseren & Bouwen
Open bankruptcySummary
A bankruptcy procedure is open for Moderniseren & Bouwen according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €112k and a net result of €42k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€112k▲ 60.1%
2022 · €70k
2019: €15k
2020: €19k
2021: €63k
2022: €70k
2019 → 2023
Total assets
€272k▲ 74.4%
2022 · €156k
2019: €56k
2020: €38k
2021: €107k
2022: €156k
2019 → 2023
Net result
€42k▲ 479%
2022 · €7k
2019: €8k
2020: €604
2021: €44k
2022: €7k
2019 → 2023
Working capital
€43k▲ 0.3%
2022 · €43k
2019: €7k
2020: €14k
2021: €23k
2022: €43k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€15k-€19k▲ 31.5%€63k▲ 226%€70k▲ 11.6%€112k▲ 60.1%
Operating result€12k-€2k▼ 85.3%€62k▲ 3,285%€15k▼ 75.2%€59k▲ 285%
Net result€8k-€604▼ 92.8%€44k▲ 7,113%€7k▼ 83.3%€42k▲ 479%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 285% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €272k
Fixed assets
€69k ▲ 154%
Current assets
€203k ▲ 57.5%
Equity and liabilities €272k
Equity
€112k ▲ 60.1%
Debt
€160k ▲ 86.1%
Debt's share of the balance-sheet total rises from 55.1% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▲
2022 · €28k
Cash flow
€60k▲
2022 · €20k
Current ratio
1.27▼
2022 · 1.50
Debt to equity
1.43▲
2022 · 1.23
ROE
37.5%▲
2022 · 10.4%
ROA
15.5%▲
2022 · 4.7%
Interest coverage
57.65▲
2022 · 5.95
Debt ≤ 1 year
€160k▲
2022 · €86k
Income taxes
€18k▲
2022 · €4k
Staff costs
€12▼
2022 · €11k
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 · 40 lines
Balance sheet
Code20222023
Assets
Total assets20/58€156k€272k▲
Fixed assets21/28€27k€69k▲
Tangible fixed assets22/27€27k€69k▲
Plant, machinery and equipment23€20k€27k▲
Furniture and vehicles24€7k€43k▲
Current assets29/58€129k€203k▲
Amounts receivable within one year40/41€128k€202k▲
Trade receivables40€95k€123k▲
Other amounts receivable41€33k€78k▲
Cash at bank and in hand54/58€444€960▲
Deferred charges and accrued income490/1€500€500=
Equity and liabilities
Total equity and liabilities10/49€156k€272k▲
Equity10/15€70k€112k▲
Contributions10/11€10k€10k=
Reserves13€60k€102k▲
Distributable reserves133€60k€102k▲
Amounts payable17/49€86k€160k▲
Amounts payable within one year42/48€86k€160k▲
Trade debts44€58k€88k▲
Suppliers440/4€58k€88k▲
Taxes, remuneration and social security45€28k€72k▲
Taxes450/3€20k€64k▲
Remuneration and social security454/9€8k€8k=
Income statement
Code20222023
Non-recurring operating income76A-€81k
Remuneration, social security and pensions62€11k€12▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€18k▲
Other operating charges640/8€3k€360▼
Gross operating margin9900€42k€77k▲
Operating profit (loss)9901€15k€59k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€12k€60k▲
Income taxes67/77€4k€18k▲
Profit (loss) for the period9904€7k€42k▲
Profit (loss) for the period to be appropriated9905€7k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€42k▲
Transfer to equity691/2€7k€42k▲
To other reserves6921€7k€42k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · MODERNISEREN & BOUWEN BV UBBELSTRAAT 62, 3550 HEUSDEN-ZOLDER · event 20-11-2025
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 187 days late
2023
31-12
Financial
Equity above €100kEq €112k ▲60.1%
5 profitable years in a row build equity to €112k.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
04-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 126 days late
2021
31-12
Financial
Highest result since 2019net €44k ▲7113%
Operating result €62k, net result €44k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €604 ▼92.8%
Net result drops to €604, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Heusden-Zolder · 1 establishment unit since 2019
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.
Ubbelstraat 623550 Heusden-ZolderGround area
862 m²
Building footprint
251 m²
Parcel 71065F0796/00Z002, Flanders. Linked by address, not a title deed.
1 establishment unit
Moderniseren & Bouwen
since 20192.285.527.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0796/00Z002 | Flanders | 862 m² | 1 · 251 m² | - |
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CATHERINE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN-BORGLOON |
20-11-2025 → present |
| Curator | CECILE NOELMANS Moerenstraat 33, 3700 TONGEREN-BORG-
LOON |
20-11-2025 → present |
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,488. 4,798 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 (pre-2019)
Founded13-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.