MODERO (0474.215.974): financials and annual accounts

MODERO

Antwerp ·KBO/BCE: BE 0474.215.974

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	39.4m	45.9m	42.6m	36.3m	32.1m	33.9m	32.1m	39.1m	38.7m	35.5m	32.1m	22.0m	10.8m	5.1m	10.0m	6.8m	4.1m	3.0m
`21/28`	1.7m	1.7m	1.9m	1.5m	1.2m	1.1m	1.4m	1.5m	1.6m	1.8m	2.1m	2.5m	716,151	296,351	297,316	453,575	489,805	529,743
`21`	396,823	298,435	370,347	450,700	136,249	142,192	204,838	85,380	112,040	69,218	92,082	119,190	53,546	36,334	4,655	49,574	101,434	140,243
`22/27`	1.2m	1.3m	1.5m	977,900	1.0m	972,064	1.2m	1.4m	1.5m	1.6m	2.0m	2.3m	662,605	260,017	292,661	404,001	388,371	389,500
`22`	-	-	-	-	-	-	176,633	234,813	225,881	199,166	363,445	469,406	382,193	39,914	95,541	-	-	-
`23`	553,337	546,715	632,135	337,178	275,279	144,953	214,649	246,359	154,964	131,233	90,717	105,128	122,801	113,762	78,654	116,343	49,185	72,411
`24`	111,483	119,365	151,352	170,441	214,547	110,065	113,117	82,051	132,365	170,883	224,808	189,874	157,611	106,341	118,466	138,828	129,228	18,846
`25`	87,855	192,414	296,974	401,533	506,092	-	-	824,543	-	1.1m	-	-	-	-	-	-	-	-
`26`	424,466	488,463	433,380	68,748	53,994	106,394	-	-	-	-	-	-	-	-	-	148,830	209,958	298,243
`28`	146,780	65,291	60,659	60,659	529	529	529	529	529	120,529	-	-	-	-	-	-	-	-
`282/3`	-	-	-	-	-	-	-	-	-	120,000	-	-	-	-	-	-	-	-
`282`	-	-	-	-	-	-	-	-	-	120,000	-	-	-	-	-	-	-	-
`284/8`	146,780	65,291	60,659	60,659	529	529	529	529	529	529	-	-	-	-	-	-	-	-
`284`	529	529	529	529	529	529	529	529	529	529	-	-	-	-	-	-	-	-
`285/8`	146,251	64,762	60,130	60,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	37.7m	44.2m	40.6m	34.8m	30.9m	32.8m	30.7m	37.6m	37.1m	33.7m	30.0m	19.5m	10.1m	4.8m	9.7m	6.3m	3.6m	2.5m
`29`	35,194	49,782	49,782	49,782	49,782	49,782	-	-	-	-	-	-	-	-	-	-	-	-
`291`	35,194	49,782	49,782	49,782	49,782	49,782	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	33.0m	28.8m	26.9m	22.8m	23.6m	25.8m	23.9m	28.7m	28.5m	24.1m	19.8m	12.3m	5.2m	828,127	15,233	-	484,331	-
`40`	32.4m	25.9m	23.7m	20.4m	19.4m	21.2m	21.7m	25.4m	24.4m	22.5m	19.8m	10.0m	4.6m	806,339	-	-	484,331	-
`41`	586,258	2.9m	3.2m	2.4m	4.2m	4.6m	2.2m	3.4m	4.2m	1.6m	-	2.3m	620,825	21,788	15,233	-	-	-
`54/58`	4.5m	15.2m	13.6m	11.8m	7.2m	6.8m	6.6m	8.0m	8.2m	9.2m	10.2m	6.4m	4.6m	4.0m	9.7m	6.3m	3.2m	2.5m
`490/1`	118,019	160,302	103,975	70,670	68,367	174,071	159,989	887,465	385,159	432,658	-	837,834	187,696	-	-	-	10,630	10,788
Balance sheet: equity and liabilities
`10/49`	39.4m	45.9m	42.6m	36.3m	32.1m	33.9m	32.1m	39.1m	38.7m	35.5m	32.1m	22.0m	10.8m	5.1m	10.0m	6.8m	4.1m	3.0m
`10/15`	19.1m	15.9m	13.6m	12.1m	10.4m	10.2m	9.6m	8.3m	5.8m	2.3m	13.9m	9.2m	5.7m	2.1m	12,275	1.1m	2.6m	99,610
`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	-	61,500	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`10`	61,500	61,500	61,500	61,500	61,500	-	-	61,500	-	61,500	-	-	-	-	-	-	-	-
`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`13`	19.1m	15.9m	13.6m	12.1m	10.3m	10.1m	9.5m	8.2m	5.8m	2.3m	13.9m	9.2m	5.7m	2.1m	6,075	1,860	1,860	1,860
`130/1`	6,150	6,150	6,150	6,150	6,150	6,150	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`133`	19.1m	15.8m	13.6m	12.1m	10.3m	10.1m	9.5m	8.2m	5.8m	2.3m	13.9m	9.2m	5.7m	2.1m	4,215	-	-	-
`14`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.1m	2.6m	91,550
`16`	-	-	-	-	-	-	-	-	-	-	-	25,999	25,999	25,999	25,999	23,040	31,339	37,652
`160/5`	-	-	-	-	-	-	-	-	-	-	-	25,999	25,999	25,999	25,999	23,040	31,339	37,652
`164/5`	-	-	-	-	-	-	-	-	-	-	-	25,999	25,999	25,999	-	-	-	-
`17/49`	20.3m	30.0m	29.0m	24.1m	21.7m	23.7m	22.5m	30.8m	32.9m	33.2m	18.2m	12.8m	5.0m	3.0m	9.9m	5.7m	1.5m	2.9m
`17`	438,898	612,794	779,768	690,096	800,083	1.7m	3.5m	5.3m	7.0m	8.8m	1.4m	1.5m	-	-	-	62,101	190,104	326,330
`170/4`	438,898	612,794	779,768	690,096	800,083	1.7m	3.5m	5.3m	7.0m	8.8m	1.4m	1.5m	-	-	-	62,101	190,104	326,330
`172`	332,513	456,498	575,629	690,096	800,083	905,764	1.0m	1.1m	1.2m	1.3m	1.4m	1.5m	-	-	-	-	-	-
`173`	106,385	156,296	204,139	-	-	837,000	2.5m	4.2m	5.8m	7.5m	-	-	-	-	-	-	-	-
`42/48`	17.7m	27.6m	26.4m	21.5m	19.4m	20.2m	17.7m	23.7m	24.6m	22.5m	15.1m	9.0m	4.2m	2.6m	9.8m	5.5m	1.3m	2.5m
`42`	173,895	166,974	160,329	109,986	942,681	1.8m	1.8m	1.8m	1.7m	1.4m	81,521	78,329	-	-	62,101	128,003	136,226	131,692
`43`	835,049	500,000	500,000	300,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	835,049	500,000	500,000	300,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	10.5m	7.3m	8.3m	6.5m	6.4m	6.9m	6.2m	9.2m	12.0m	8.5m	6.0m	4.4m	1.6m	851,387	737,387	516,890	-	222,524
`440/4`	10.5m	7.3m	8.3m	6.5m	6.4m	6.9m	6.2m	9.2m	12.0m	8.5m	6.0m	4.4m	1.6m	851,387	737,387	516,890	-	222,524
`46`	192,960	-	250,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`45`	3.0m	2.7m	2.3m	2.1m	1.4m	1.9m	1.7m	3.1m	2.7m	3.9m	1.8m	3.9m	1.7m	666,850	802,887	739,847	975,887	391,624
`450/3`	2.0m	1.7m	1.3m	1.3m	627,370	1.4m	1.1m	2.5m	2.1m	3.2m	1.3m	3.4m	1.3m	274,052	322,371	260,000	676,000	128,000
`454/9`	1.0m	1.0m	976,321	836,332	741,348	590,770	562,435	584,144	618,957	618,534	491,714	443,162	385,725	392,798	480,516	479,847	299,887	263,624
`47/48`	3.0m	17.0m	14.9m	12.5m	10.6m	9.6m	8.0m	9.6m	8.1m	8.9m	7.2m	623,341	911,651	1.0m	8.2m	4.1m	141,741	1.7m
`492/3`	2.2m	1.8m	1.8m	2.0m	1.6m	1.8m	1.4m	1.9m	1.2m	1.9m	1.7m	2.3m	785,651	414,215	137,030	62,807	21,679	52,434
Income statement
`70/76A`	46.4m	37.6m	32.7m	29.2m	22.4m	19.4m	20.1m	22.8m	23.4m	32.9m	22.8m	20.4m	17.6m	14.7m	-	-	-	-
`70`	46.3m	37.2m	32.5m	29.0m	22.3m	19.4m	20.1m	22.7m	23.3m	32.9m	22.8m	20.4m	17.6m	14.6m	-	-	-	-
`74`	55,730	322,182	65,184	32,835	13,268	-	-	51,955	-	35,334	-	-	-	-	-	-	-	-
`76A`	14,687	16,018	136,496	240,959	89,112	14,412	13,310	5,248	799	464	-	413	-	7,000	632,007	-	3,239	-
`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.5m	7.4m	7.1m	5.3m
`60/66A`	38.0m	30.4m	28.6m	24.7m	20.6m	18.3m	18.0m	19.0m	17.4m	23.9m	15.5m	15.3m	12.2m	10.3m	-	-	-	-
`60`	8.7m	6.1m	5.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`600/8`	8.7m	6.1m	5.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`61`	19.2m	13.8m	14.1m	17.0m	14.0m	12.4m	12.0m	12.8m	11.3m	14.9m	9.8m	10.3m	7.9m	6.7m	-	-	-	-
`62`	9.6m	9.8m	8.7m	7.1m	6.1m	5.4m	5.5m	5.7m	5.7m	8.1m	5.2m	4.7m	4.0m	3.4m	3.1m	3.5m	2.8m	2.5m
`630`	491,084	490,359	396,912	366,030	388,009	424,439	464,579	429,349	449,332	790,753	545,177	294,361	246,461	155,503	204,066	208,417	250,392	253,868
`635/8`	-	-	-	-	-	-	-	-	-	-	-25,999	-	-	-	-	-8,299	-6,314	37,652
`640/8`	79,515	73,138	47,580	41,688	52,259	38,756	36,301	9,823	11,131	31,415	39,742	23,795	28,481	15,519	18,069	38,084	8,341	35,881
`66A`	12,757	123,391	73,275	156,488	3,029	55,967	60,760	23,764	120,002	-	264	6,380	6,891	2,317	-	1,100	-	-
`9901`	8.4m	7.1m	4.1m	4.6m	1.8m	1.1m	2.1m	3.8m	6.0m	9.0m	7.3m	5.1m	5.4m	4.4m	4.2m	3.7m	4.0m	2.5m
`75/76B`	216,953	211,681	142,902	160	-	4,766	46,353	22,723	-	35,054	21,776	122,497	61,568	144,712	58,490	30,913	62,813	79,907
`75`	216,953	211,681	142,902	160	-	4,766	46,353	22,723	-	35,054	21,776	122,497	61,568	144,712	58,490	30,913	62,813	79,907
`751`	216,953	211,681	142,902	160	-	-	-	-	-	-	19,234	7,699	60,733	-	-	-	-	-
`752/9`	-	-	-	-	-	4,766	46,353	22,723	-	35,054	2,542	114,798	835	144,712	-	-	-	-
`65/66B`	60,373	62,614	46,963	54,652	177,909	178,019	159,384	263,279	416,214	240,956	69,594	20,436	10,104	3,562	131,180	17,407	24,594	30,654
`65`	60,373	62,614	46,963	54,652	177,909	178,019	159,384	263,279	296,212	205,329	69,594	20,436	10,104	3,562	131,180	17,407	24,594	30,654
`650`	52,019	54,599	39,889	44,142	93,013	152,817	145,052	220,615	259,079	173,017	61,659	-	-	1,301	-	-	-	-
`652/9`	8,354	8,015	7,074	10,510	84,896	25,202	14,332	42,664	37,133	32,312	7,935	20,436	10,104	2,261	-	-	-	-
`66B`	-	-	-	-	-	-	-	-	120,002	35,627	-	-	-	-	-	-	-	-
`9903`	8.5m	7.3m	4.2m	4.5m	1.7m	901,279	2.0m	3.5m	5.5m	8.8m	7.2m	5.2m	5.5m	4.5m	4.8m	3.7m	4.0m	2.5m
`67/77`	2.3m	2.0m	1.2m	1.2m	468,476	282,461	687,657	1.1m	2.1m	3.0m	2.4m	1.7m	1.8m	1.6m	1.6m	1.2m	1.5m	885,750
`670/3`	2.3m	2.0m	1.2m	1.2m	548,476	282,461	692,370	1.1m	2.1m	3.0m	2.4m	1.7m	1.8m	1.6m	-	-	-	-
`77`	-	1,347	33,145	-	80,000	-	4,713	19,302	-	-	-	-	-	4,538	-	-	-	-
`9904`	6.2m	5.3m	3.0m	3.2m	1.2m	618,818	1.3m	2.4m	3.5m	5.8m	4.8m	3.4m	3.6m	3.0m	3.1m	2.4m	2.5m	1.6m
`9905`	6.2m	5.3m	3.0m	3.2m	1.2m	618,818	1.3m	2.4m	3.5m	5.8m	4.8m	3.4m	3.6m	3.0m	3.1m	2.4m	2.5m	1.6m
Appropriation of the result
`9906`	6.2m	5.3m	3.0m	3.2m	1.2m	618,818	1.3m	2.4m	3.5m	5.8m	4.8m	3.4m	3.6m	3.0m	4.2m	5.1m	2.6m	1.7m
`791/2`	-	-	-	-	-	-	-	-	-	13.9m	-	-	-	-	-	-	-	-
`792`	-	-	-	-	-	-	-	-	-	13.9m	-	-	-	-	-	-	-	-
`691/2`	3.2m	2.3m	1.5m	1.7m	191,543	618,818	1.3m	2.4m	3.5m	2.3m	4.8m	3.4m	3.6m	2.1m	4,215	-	-	-
`6920`	-	-	-	-	-	-	-	-	-	4,290	-	-	-	-	-	-	-	-
`6921`	3.2m	2.3m	1.5m	1.7m	191,543	618,818	1.3m	2.4m	3.5m	2.3m	4.8m	3.4m	3.6m	2.1m	4,215	-	-	-
`694/7`	3.0m	3.0m	1.5m	1.5m	1.0m	-	-	-	-	17.4m	-	-	-	900,000	4.2m	4.0m	-	1.6m
`694`	3.0m	3.0m	1.5m	1.5m	1.0m	-	-	-	-	17.4m	-	-	-	900,000	4.2m	4.0m	-	1.6m
Social balance sheet
`9087`	166.8	176.6	162.9	139.6	125.8	120.6	119.1	126.8	130.3	126.9	120	114.2	100.5	78.6	73.1	74.7	76.3	62.9
Men (FTE)`1003`	38.9	47.4	45.4	38.7	34.6	31.1	28.6	-	36.3	-	31.8	28.4	27.9	-	-	-	-	-
Women (FTE)`1003`	127.9	129.2	117.5	100.9	91.2	89.5	90.5	-	94	-	88.2	85.8	72.6	-	-	-	-	-
Agency workers`1501`	-	-	3.3	12.4	15.5	5.3	-	-	1	-	-	-	-	-	-	-	-	-
Hours worked`1013`	260,377	277,241	248,938	219,983	198,534	170,377	184,241	-	197,790	-	191,541	182,871	161,407	58,962	116,205	119,839	115,212	52,092
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	31-08-2026	2026-00491391	PDF
31-12-2024	full format	31-07-2025	2025-00355791	PDF
31-12-2023	full format	31-07-2024	2024-00309337	PDF
31-12-2022	full format	31-10-2023	2023-00499537	PDF
31-12-2021	full format	30-08-2022	2022-20351016	PDF
31-12-2020	full format	29-09-2021	2021-69500165	PDF
31-12-2019	full format	10-11-2020	2020-69900434	PDF
31-12-2018	full format	19-08-2019	2019-47500290	PDF
31-12-2017	full format	24-05-2019	2019-14200502	PDF
31-12-2016	full format	09-02-2018	2018-04900563	PDF
30-06-2015	full format	16-12-2015	2015-69300050	PDF
30-06-2014	full format	30-12-2014	2014-70900227	PDF
30-06-2013	full format	10-12-2013	2013-68200158	PDF
30-06-2012	full format	03-12-2012	2012-65900420	PDF
30-06-2011	abbreviated format	11-01-2012	2012-00800176	PDF
30-06-2010	abbreviated format	07-01-2011	2011-00600132	PDF
30-06-2009	abbreviated format	29-01-2010	2010-03100207	PDF
30-06-2008	abbreviated format	12-01-2009	2009-01100194	PDF
30-06-2007	abbreviated format	28-01-2008	2008-02000197	PDF
30-06-2006	abbreviated format	17-01-2007	2007-00800295	PDF
30-06-2005	abbreviated format	25-01-2006	2006-02300133	PDF
30-06-2004	abbreviated format	26-01-2005	2005-02300214	PDF
30-06-2003	abbreviated format	27-01-2004	2004-02600038	PDF
30-06-2002	abbreviated format	29-01-2003	2003-02700013	PDF

Year	Entries	Awarded	Paid
2025	3	€37,536	€37,536
2024	6	€34,627	€32,833
2023	6	€41,111	€43,011
2022	4	€33,302	€31,402

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
8.9m	7.6m	4.5m	4.9m	2.2m	1.5m	2.6m	4.2m	6.4m	9.8m	7.8m	5.4m	5.7m	4.6m	4.4m	3.9m	4.2m	2.7m
6.7m	5.8m	3.4m	3.6m	1.6m	1.0m	1.8m	2.8m	3.9m	6.6m	5.3m	3.7m	3.9m	3.1m	3.3m	2.6m	2.8m	1.9m
421,846	256,911	854,624	624,668	487,366	121,492	425,889	327,465	370,260	438,644	223,512	2.0m	725,767	158,793	47,807	176,588	210,454	67,044
-10.7m	1.6m	1.7m	4.6m	430,593	218,038	-1.4m	-223,773	-1.0m	-970,566	3.8m	1.8m	677,496	-5.7m	3.3m	3.1m	691,468	-
20.0m	16.6m	14.3m	13.3m	11.6m	12.6m	13.0m	13.9m	12.5m	11.2m	14.9m	10.5m	5.8m	2.2m	-122,012	777,793	2.4m	-13,717
18.1%	19.1%	12.5%	15.7%	8.2%	5.6%	10.5%	16.6%	25.5%	27.5%	31.9%	25.0%	30.9%	30.1%	-	-	-	-
48.5%	34.6%	32.0%	33.5%	32.3%	30.0%	29.8%	21.1%	15.1%	6.6%	43.4%	41.8%	53.1%	41.1%	0.1%	16.0%	63.8%	3.3%
2.13	1.60	1.54	1.62	1.60	1.62	1.74	1.59	1.51	1.50	1.99	2.17	2.37	1.87	0.99	1.14	2.91	0.99
1.06	1.89	2.13	1.99	2.09	2.33	2.35	3.73	5.62	14.12	1.30	1.39	0.88	1.42	-	5.22	0.55	28.78
32.5%	33.2%	22.0%	26.8%	11.5%	6.1%	13.7%	29.2%	59.8%	246.2%	34.2%	37.6%	63.5%	142.5%	-	225.3%	96.2%	-
15.8%	11.5%	7.0%	9.0%	3.7%	1.8%	4.1%	6.2%	9.0%	16.3%	14.8%	15.7%	33.7%	58.5%	31.5%	36.1%	61.4%	54.7%
over 100	over 100	over 100	over 100	23.93	9.81	17.80	19.00	24.76	56.79	over 100	-	-	over 100	-	-	-	-
256 days	254 days	267 days	257 days	317 days	399 days	395 days	408 days	381 days	250 days	317 days	179 days	96 days	20 days	-	-	-	-
137 days	134 days	156 days	139 days	167 days	202 days	188 days	263 days	388 days	207 days	223 days	156 days	76 days	46 days	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	188	188	184	158	138
full-time	152	146	138	109	92
part-time	36	42	46	49	46
in full-time equivalents	179.2	178.6	172.5	145.4	125.6
	166.8	176.6	162.9	139.6	125.8
On a permanent contract	187	187	183	154	133
Joined	148	168	165	113	69
Left	148	164	139	93	57
Agency workers, average number	-	-	3.3	12.4	15.5
Training hours	3,987	4,097	9,142	145,648	833

MODERO

Annual accounts 2025

Money flows

Balance sheet

in €m

in €m

Position in the sector

48.5%

2.13

15.8%

Staff

Men and women77% women

€57,286

level

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 19 entries, €146,576 awarded, €144,782 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Public contracts

Insights on MODERO

Next steps

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€456,498	€575,629	€690,096	€800,082	€1.7m
	-	-	-	-	€976,600

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€257,978	€255,040	€854,624	€210,888	€369,440
Intangible fixed assets	€163,868	€1,871	-	€413,780	€117,926
	€491,084	€490,359	€396,912	€366,030	€388,009

Item	2025	2024	2023	2022	2021
Fee for the audit	€38,708	€38,000	€35,000	€35,000	€30,000
Work by persons linked to the auditor	-	€5,094	-	-	-

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency48.5%

Current ratio2.13

Return on assets15.8%

Staff

Men and women77% women

Staff cost per FTE€57,286

Joined and leftlevel

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 19 entries, €146,576 awarded, €144,782 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Public contracts

Insights on MODERO

Next steps

in €m

in €m

48.5%

2.13

15.8%

€57,286

level