MODEST
ActiveSummary
MODEST has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,336 and a net result of €509. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-30
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 8.08 against 28.91 in 2024; short-term debt: 12.4% and cash: 72.8% of total assets), and 12.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
4 d early
2023
8 d early
2022
16 d late
2021
on the day
2020
1 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€16,336▲ 3.2%
2024 · €15,827
Total assets
€18,642▲ 13.7%
2024 · €16,394
Net result
€509▼ 78.8%
2024 · €2,403
Working capital
€16,336▲ 3.2%
2024 · €15,827
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,510€213€715▲ 236%€2,484▲ 247%€569▼ 77.1%
Net result-€5,565€82€647▲ 689%€2,403▲ 271%€509▼ 78.8%
Equity€12,695▼ 30.5%€12,777▲ 0.6%€13,424▲ 5.1%€15,827▲ 17.9%€16,336▲ 3.2%
Total assets€12,988▼ 34.9%€13,369▲ 2.9%€13,786▲ 3.1%€16,394▲ 18.9%€18,642▲ 13.7%
Debt€293▼ 82.6%€592▲ 102%€362▼ 38.9%€567▲ 56.6%€2,306▲ 307%
Working capital€12,695▼ 28.5%€12,777▲ 0.6%€13,424▲ 5.1%€15,827▲ 17.9%€16,336▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18,642
Equity
€16,336 ▲ 3.2%
Debt
€2,306 ▲ 307%
Debt's share of the balance-sheet total rises from 3.5% to 12.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
8.08▼
2024 · 28.91
Debt to equity
0.14▲
2024 · 0.04
ROE
3.1%▼
2024 · 15.2%
ROA
2.7%▼
2024 · 14.7%
Debt ≤ 1 year
€2,306▲
2024 · €567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €494 | - | - | - | - | - |
| Other operating charges640/8 | - | €1,131 | €601 | €881 | €731 | ▼ 17.0% |
| Gross operating margin9900 | -€2,806 | €1,344 | €1,316 | €3,365 | €1,300 | ▼ 61.4% |
| Operating profit (loss)9901 | -€5,510 | €213 | €715 | €2,484 | €569 | ▼ 77.1% |
| Financial charges65/66B | - | €101 | €98 | €81 | €60 | ▼ 25.9% |
| Recurring financial charges65 | €112 | €101 | €98 | €81 | €60 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | -€5,622 | €112 | €617 | €2,403 | €509 | ▼ 78.8% |
| Income taxes67/77 | -€58 | €30 | -€30 | - | - | - |
| Profit (loss) for the period9904 | -€5,565 | €82 | €647 | €2,403 | €509 | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | -€5,565 | €82 | €647 | €2,403 | €509 | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,988 | €13,369 | €13,786 | €16,394 | €18,642 | ▲ 13.7% |
| Current assets29/58 | €12,988 | €13,369 | €13,786 | €16,394 | €18,642 | ▲ 13.7% |
| Stocks and contracts in progress3 | €3,889 | €2,433 | €1,217 | - | - | - |
| Stocks30/36 | - | €2,433 | €1,217 | - | - | - |
| Amounts receivable within one year40/41 | €448 | - | €2,729 | €3,081 | €5,071 | ▲ 64.6% |
| Trade receivables40 | - | - | €2,729 | €3,081 | €5,071 | ▲ 64.6% |
| Cash at bank and in hand54/58 | €8,652 | €10,936 | €9,840 | €13,313 | €13,571 | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,988 | €13,369 | €13,786 | €16,394 | €18,642 | ▲ 13.7% |
| Equity10/15 | €12,695 | €12,777 | €13,424 | €15,827 | €16,336 | ▲ 3.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €295 | €377 | €1,024 | €3,427 | €3,936 | ▲ 14.9% |
| Non-distributable reserves130/1 | - | €63 | €63 | €63 | €63 | = |
| Reserves not available under the articles1311 | - | €63 | €63 | €63 | €63 | = |
| Distributable reserves133 | - | €314 | €961 | €3,364 | €3,873 | ▲ 15.1% |
| Amounts payable17/49 | €293 | €592 | €362 | €567 | €2,306 | ▲ 307% |
| Amounts payable within one year42/48 | €293 | €592 | €362 | €567 | €2,306 | ▲ 307% |
| Trade debts44 | - | - | - | - | €1,950 | - |
| Suppliers440/4 | - | - | - | - | €1,950 | - |
| Taxes, remuneration and social security45 | - | €592 | €362 | €211 | - | - |
| Taxes450/3 | - | €592 | €362 | €211 | - | - |
| Other amounts payable47/48 | - | - | - | €356 | €356 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,565 | €82 | €647 | €2,403 | €509 | ▼ 78.8% |
| + Depreciation and write-downs630 | €494 | - | - | - | - | - |
| Operating cash flow (approximation) | -€5,070 | €82 | €647 | €2,403 | €509 | ▼ 78.8% |
| Change in cash | - | €2,284 | -€1,096 | €3,473 | €258 | ▼ 92.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
30-06
Financial
Back to profitnet €82
Net result €82 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€5,565
Net result drops to -€5,565, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 44.28
Current ratio from 11.54 to 44.28; short-term debt falls from €1,685 to €293.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €5,797 ▲9,250%
Operating result €5,913, net result €5,797, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2018
Ground area
1,413 m²
Building footprint
257 m²
Volume, LiDAR
844 m³
Parcel 46446B1131/00G000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MODEST
since 20182.273.130.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1131/00G000 | Flanders | 1,413 m² | 1 · 257 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
SUPERFLO
BE 0578.899.958
Ukkel · Eq €16,392
MASSINE
BE 0895.471.435
Brussel · Eq €16,579
X & Co Agentuur
BE 0452.800.453
Beernem · Eq €16,696
4 JUILLET
BE 0650.938.096
Schaarbeek · Eq €15,892
Your Fashion Space
BE 0803.553.245
Antwerpen · Eq €16,802
Of 1,277 companies in sector 46160 we hold annual accounts for 687. 427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-02-2018
Fiscal year end30-06
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689765020
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.