MODEVA
Part of the group
15 companies
Annual accounts 2025
abbreviated format, filed on 01-07-2026, 30 days before the deadline€1,727
▼ 99.9%
-€629,041
▼ €69,422
-€608,819
▼ €79,176
-€670,284
▼ €93,845
-
0.24
▼ 0.28
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €12,000. Estimated: probably between €4,900 and €29,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €35,093 on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
-
Lower than 95% of 638 companies in 2024.
0.24
Lower than 95% of 797 companies in 2025.
-
Lower than 95% of 633 companies in 2024.
MODEVA
Middle half of the sector
80% of the sector
Abbreviated accounts in residential care (NACE 87)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff
€89,359
Staff costs divided by the average number of full-time equivalents.
-27 people
people who joined
people who left
In 2025, 9 people joined and 36 left. Training hours in 2025: 288.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 202015 months | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
35,093 | 263,765 | 592,027 | 562,933 | 1.2m | 1.0m | 838,946 | 897,404 | 899,486 | 906,332 | 1.0m | 770,024 | 810,424 | 602,249 | 416,056 | 308,302 | 240,957 | 835,235 | 1.0m | |
21/28 |
0 | 20,222 | 56,929 | 88,069 | 593,680 | 549,067 | 3,863 | 3,863 | 3,942 | 4,600 | 6,491 | 8,382 | 10,272 | 9,267 | 10,578 | 11,890 | 15,621 | 592,081 | 681,447 | |
21 |
- | 0 | 2,442 | 9,401 | 16,360 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
0 | 20,222 | 50,441 | 74,622 | 67,387 | 47,203 | - | - | 79 | 737 | 2,628 | 4,519 | 6,410 | 5,404 | 6,716 | 8,027 | 11,759 | 588,218 | 677,584 | |
22 |
0 | 4,698 | 5,511 | 6,324 | 7,137 | 7,950 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
0 | 12,247 | 35,129 | 51,102 | 54,764 | 36,018 | - | - | - | 579 | 1,159 | 1,738 | 2,317 | - | - | - | 2,420 | 5,659 | 7,318 | |
24 |
0 | 3,276 | 9,801 | 17,196 | 5,485 | 3,234 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | 79 | 158 | 1,469 | 2,781 | 4,092 | 5,404 | 6,716 | 8,027 | 9,339 | 10,650 | 11,962 | |
28 |
- | 0 | 4,046 | 4,046 | 509,933 | 501,864 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | 3,863 | |
29/58 |
35,093 | 243,543 | 535,098 | 474,863 | 601,041 | 459,892 | 835,083 | 893,541 | 895,544 | 901,732 | 1.0m | 761,643 | 800,152 | 592,982 | 405,478 | 296,412 | 225,336 | 243,154 | 355,916 | |
40/41 |
21,396 | 150,346 | 388,260 | 312,496 | 384,994 | 162,164 | 773,831 | 724,014 | 681,488 | 722,565 | 842,172 | 607,263 | 596,263 | 473,772 | 330,807 | 212,283 | 90,174 | 87,712 | 103,558 | |
40 |
878 | 150,346 | 388,260 | 312,496 | 384,982 | 162,152 | 577,726 | 443,209 | 502,088 | 710,165 | 842,172 | 607,205 | 596,219 | 473,746 | 324,645 | 207,364 | 84,572 | 82,843 | 99,148 | |
41 |
20,517 | - | - | - | 12 | 12 | 196,105 | 280,805 | 179,400 | 12,400 | - | 58 | 45 | 25 | 6,163 | 4,919 | 5,602 | 4,869 | 4,410 | |
50/53 |
- | - | - | - | - | - | 2,219 | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
13,698 | 71,923 | 108,509 | 102,616 | 29,819 | 148,784 | 59,033 | 169,527 | 214,056 | 179,167 | 175,959 | 154,380 | 203,888 | 119,210 | 74,671 | 84,130 | 135,161 | 155,442 | 252,358 | |
490/1 |
0 | 21,274 | 38,329 | 59,750 | 186,228 | 148,944 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
35,093 | 263,765 | 592,027 | 562,933 | 1.2m | 1.0m | 838,946 | 897,404 | 899,486 | 906,332 | 1.0m | 770,024 | 810,424 | 602,249 | 416,056 | 308,302 | 240,957 | 835,235 | 1.0m | |
10/15 |
-2.1m | -1.4m | -769,012 | -144,368 | 505,504 | 575,507 | 143,552 | 84,281 | 80,820 | 80,228 | 88,566 | 47,247 | 43,691 | 17,936 | -49,503 | -129,556 | -110,946 | 66,865 | 58,403 | |
10/11 |
562,000 | 562,000 | 562,000 | 562,000 | 562,000 | 562,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
562,000 | 562,000 | 562,000 | 562,000 | 562,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
562,000 | 562,000 | 562,000 | 562,000 | 562,000 | 562,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 11,281 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | |
133 |
5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | 5,081 | |
14 |
-2.6m | -1.9m | -1.3m | -717,649 | -67,776 | 2,226 | 70,272 | 11,000 | 7,539 | 6,948 | 15,285 | -19,833 | -23,390 | -49,145 | -116,583 | -196,637 | -178,027 | -216 | -8,678 | |
16 |
0 | 52,000 | 52,000 | 52,000 | 52,000 | 52,000 | 84,000 | 84,000 | 84,000 | 91,000 | 112,000 | 89,000 | 86,000 | 86,000 | 83,000 | 80,000 | 77,000 | 120,875 | 108,500 | |
160/5 |
0 | 52,000 | 52,000 | 52,000 | 52,000 | 52,000 | 84,000 | 84,000 | 84,000 | 91,000 | 112,000 | 89,000 | 86,000 | 86,000 | 83,000 | 80,000 | 77,000 | 120,875 | 108,500 | |
162 |
0 | 52,000 | 52,000 | 52,000 | 52,000 | 52,000 | 84,000 | 84,000 | 84,000 | 91,000 | - | - | - | - | - | - | - | - | - | |
17/49 |
2.1m | 1.6m | 1.3m | 655,301 | 637,217 | 381,451 | 611,394 | 729,123 | 734,666 | 735,104 | 824,056 | 633,777 | 680,733 | 498,313 | 382,559 | 357,858 | 274,903 | 647,495 | 870,460 | |
17 |
1.9m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 307,614 | 415,937 | |
170/4 |
1.9m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 307,614 | 415,937 | |
42/48 |
143,836 | 461,224 | 1.2m | 611,455 | 629,035 | 350,367 | 594,399 | 729,123 | 734,666 | 735,104 | 824,056 | 633,777 | 680,733 | 498,313 | 382,559 | 357,858 | 274,903 | 326,441 | 441,083 | |
43 |
0 | 142,221 | 118,526 | 111,613 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
0 | 142,221 | 118,526 | 111,613 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,096 | 42,858 | 115,883 | 110,974 | 366,890 | 55,426 | 270,638 | 402,293 | 424,760 | 411,019 | 503,136 | 327,054 | 358,872 | 241,427 | 164,040 | 154,337 | 66,794 | 104,895 | 245,641 | |
440/4 |
4,096 | 42,858 | 115,883 | 110,974 | 366,890 | 55,426 | 270,638 | 402,293 | 424,760 | 411,019 | 503,136 | 327,054 | 358,872 | 241,427 | 164,040 | 154,337 | 66,794 | 104,895 | 245,641 | |
45 |
15,562 | 229,558 | 409,570 | 312,039 | 180,229 | 210,394 | 207,481 | 176,691 | 172,218 | 192,088 | 187,280 | 185,122 | 180,875 | 119,921 | 105,573 | 108,656 | 109,566 | 118,947 | 125,970 | |
450/3 |
239 | 7,224 | 71,048 | 31,304 | 963 | - | 53,699 | 8,541 | 8,766 | 10,073 | 7,200 | 3,012 | 9,229 | - | - | - | - | 27,439 | 27,439 | |
454/9 |
15,323 | 222,335 | 338,522 | 280,736 | 179,266 | 210,394 | 153,782 | 168,150 | 163,452 | 182,015 | 180,079 | 182,110 | 171,646 | 119,921 | 105,573 | 108,656 | 109,566 | 91,507 | 98,531 | |
47/48 |
124,178 | 46,586 | 563,414 | 76,829 | 81,916 | 84,547 | 116,280 | 150,139 | 137,688 | 131,997 | 133,641 | 121,600 | 140,986 | 136,966 | 112,947 | 94,865 | 98,543 | 102,599 | 69,472 | |
492/3 |
57,187 | 25,967 | 101,646 | 43,845 | 8,181 | 31,084 | 16,995 | - | - | - | - | - | - | - | - | - | - | 13,440 | 13,440 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.4m | 1.4m | |
76A |
- | - | - | - | - | 2,359 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
1,727 | 1.9m | 2.6m | 2.0m | 2.0m | 1.9m | 1.2m | 1.1m | 1.0m | 1.0m | 1.1m | 1.1m | 1.1m | 913,057 | 860,339 | 754,009 | 796,846 | 822,557 | 918,954 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 644,110 | 540,078 | |
62 |
661,255 | 2.2m | 3.0m | 2.5m | 1.8m | 1.9m | 1.1m | 1.1m | 1.0m | 1.0m | 1.0m | 1.1m | 1.0m | 841,029 | 774,024 | 748,557 | 752,469 | 641,961 | 675,180 | |
630 |
20,222 | 29,975 | 36,632 | 33,750 | 16,086 | 3,083 | - | 79 | 658 | 1,891 | 1,891 | 1,891 | 1,312 | 1,312 | 1,312 | 3,731 | 90,946 | 91,060 | 90,592 | |
635/8 |
-52,000 | - | - | - | - | -32,000 | - | - | -7,000 | -21,000 | 23,000 | 3,000 | - | 3,000 | 3,000 | 3,000 | -43,875 | 12,375 | 71,750 | |
640/8 |
1,292 | 173,206 | 213,647 | 136,556 | 182,251 | 173,440 | 1,001 | 998 | 995 | 1,434 | 1,011 | 352 | 593 | 348 | 2,478 | 17,106 | 1,413 | 19,388 | 21,016 | |
66A |
- | - | - | 50 | - | 27,408 | - | - | - | - | - | - | - | - | - | - | 177,898 | - | - | |
9901 |
-629,041 | -559,619 | -612,855 | -675,852 | -68,079 | -86,164 | 76,997 | 3,662 | 684 | -719 | 41,268 | 3,526 | 25,586 | 67,368 | 79,526 | -18,384 | -4,107 | 57,773 | 60,416 | |
75/76B |
35 | 0 | 50 | 27,743 | 43,427 | 18,531 | - | - | - | 156 | 189 | 231 | 210 | 198 | 531 | 333 | 4,930 | 4,344 | 2,198 | |
75 |
35 | 0 | 50 | 27,743 | 43,427 | 18,531 | - | - | - | 156 | 189 | 231 | 210 | 198 | 531 | 333 | 4,930 | 4,344 | 2,198 | |
65/66B |
61,499 | 46,795 | 11,838 | 1,763 | 3,348 | 412 | 109 | 201 | 132 | 96 | 97 | 200 | 69 | 100 | 4 | 558 | 114 | 53,075 | 53,621 | |
65 |
61,499 | 46,795 | 11,838 | 1,763 | 3,348 | 412 | 109 | 201 | 132 | 96 | 97 | 200 | 69 | 100 | 4 | 558 | 114 | 53,075 | 53,621 | |
9903 |
-690,505 | -606,413 | -624,644 | -649,872 | -28,001 | -68,045 | 76,887 | 3,461 | 553 | -659 | 41,360 | 3,557 | 25,727 | 67,466 | 80,053 | -18,610 | -177,190 | 9,042 | 8,993 | |
67/77 |
- | - | - | - | 42,002 | -0 | 17,616 | - | -39 | 7,679 | 41 | - | -28 | 28 | - | - | 621 | 579 | 2,078 | |
9904 |
-690,505 | -606,413 | -624,644 | -649,872 | -70,003 | -68,045 | 59,271 | 3,461 | 592 | -8,337 | 41,318 | 3,557 | 25,755 | 67,438 | 80,053 | -18,610 | -177,811 | 8,463 | 6,915 | |
9905 |
-690,505 | -606,413 | -624,644 | -649,872 | -70,003 | -68,045 | 59,271 | 3,461 | 592 | -8,337 | 41,318 | 3,557 | 25,755 | 67,438 | 80,053 | -18,610 | -177,811 | 8,463 | 6,915 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-2.6m | -1.9m | -1.3m | -717,649 | -67,776 | 2,226 | 70,272 | 11,000 | 7,539 | 6,948 | 21,485 | -19,833 | -23,390 | -49,145 | -116,583 | -196,637 | -178,027 | -216 | -8,678 | |
14P |
-1.9m | -1.3m | -717,649 | -67,776 | 2,226 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
7.4 | 36.6 | 46.3 | 44.6 | 37.9 | 32.2 | 28.2 | 26.8 | 26.6 | 23.6 | 23.8 | 25 | 23.5 | 23.3 | 19.3 | 20 | 19.2 | 17.8 | 18.2 | |
Hours worked1013 |
10,417 | 53,730 | 65,400 | 57,445 | 47,334 | 56,493 | 33,623 | 35,256 | 34,746 | 37,808 | 35,230 | 38,497 | 32,088 | 30,590 | 28,155 | 27,471 | 27,413 | 24,678 | 27,055 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00242561 | |
| 31-12-2024 | abbreviated format | 18-06-2025 | 2025-00159550 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00181289 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00383235 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20399320 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59800166 | |
| 30-09-2019 | abbreviated format | 04-03-2020 | 2020-06200322 | |
| 30-09-2018 | abbreviated format | 30-03-2019 | 2019-08900059 | |
| 30-09-2017 | abbreviated format | 03-04-2018 | 2018-08800276 | |
| 30-09-2016 | abbreviated format | 26-04-2017 | 2017-10300009 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07300080 | |
| 30-09-2014 | abbreviated format | 27-04-2015 | 2015-10300174 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-10400492 | |
| 30-09-2012 | abbreviated format | 18-03-2013 | 2013-06600377 | |
| 30-09-2011 | abbreviated format | 30-05-2012 | 2012-13000087 | |
| 30-09-2010 | abbreviated format | 31-05-2011 | 2011-12700519 | |
| 30-09-2009 | abbreviated format | 26-04-2010 | 2010-09800129 | |
| 30-09-2008 | abbreviated format | 14-04-2009 | 2009-10700363 | |
| 30-09-2007 | abbreviated format | 28-04-2008 | 2008-11700020 | |
| 30-09-2006 | abbreviated format | 19-03-2007 | 2007-08303834 | |
| 30-09-2005 | abbreviated format | 03-04-2006 | 2006-09504246 | |
| 30-09-2004 | abbreviated format | 09-05-2005 | 2005-14301163 | |
| 30-09-2003 | abbreviated format | 10-06-2004 | 2004-22804552 | |
| 30-09-2002 | abbreviated format | 16-05-2003 | 2003-15003252 | |
| 30-09-2001 | abbreviated format | 01-08-2002 | 2002-45101416 | |
| 30-09-2000 | abbreviated format | 17-10-2001 | 2001-65002087 | |
| 30-09-1999 | abbreviated format | 18-10-2000 | 2000-66301518 | |
| 30-09-1998 | abbreviated format | 28-12-1999 | 1999-65400300 | |
| 30-09-1997 | abbreviated format | 05-06-1998 | 1998-14204036 | |
| 30-09-1996 | abbreviated format | 21-08-1997 | 1997-38704339 | |
| 30-09-1995 | abbreviated format | 21-08-1997 | 1997-38704365 | |
| 30-09-1994 | abbreviated format | 31-10-1995 | 1995-56001236 | |
| 30-09-1993 | abbreviated format | 07-10-1994 | 1994-43004075 |
Subsidies and aid
Flemish government 2022 to 2025, 7 entries, €298,107 awarded, €298,107 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €182,211 | €182,211 |
| 2024 | 1 | €5,580 | €24,228 |
| 2023 | 2 | €50,480 | €31,832 |
| 2022 | 3 | €59,836 | €59,836 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 202015 months | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -608,819 | -529,643 | -576,224 | -642,102 | -51,993 | -83,080 | - | 3,741 | 1,343 | 1,172 | 43,159 | 5,417 | 26,898 | 68,680 | 80,837 | -14,653 | 86,839 | 148,833 | 151,008 | ||
| -670,284 | -576,438 | -588,012 | -616,123 | -53,916 | -64,962 | - | 3,540 | 1,250 | -6,447 | 43,209 | 5,447 | 27,067 | 68,750 | 81,365 | -14,878 | -86,864 | 99,523 | 97,507 | ||
| 0 | 2,079 | 5,491 | 34,026 | 177,630 | 548,287 | - | 0 | 0 | 0 | 0 | 0 | 2,317 | 0 | 0 | 0 | -485,513 | 1,694 | 7,420 | ||
| -58,225 | -36,587 | 5,893 | 72,797 | -118,964 | 89,750 | -110,494 | -44,529 | 34,889 | 3,208 | 21,579 | -49,508 | 84,678 | 44,540 | -9,459 | -51,032 | -20,281 | -96,916 | - | ||
| -108,743 | -217,680 | -672,295 | -136,592 | -27,994 | 109,524 | 240,684 | 164,418 | 160,878 | 166,628 | 194,075 | 127,866 | 119,418 | 94,669 | 22,919 | -61,446 | -49,568 | -83,287 | -85,167 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.1% | 4.4% | ||
| - | -521.5% | -129.9% | -25.6% | 42.3% | 57.0% | 17.1% | 9.4% | 9.0% | 8.9% | 8.6% | 6.1% | 5.4% | 3.0% | -11.9% | -42.0% | -46.0% | 8.0% | 5.6% | ||
| 0.24 | 0.53 | 0.44 | 0.78 | 0.96 | 1.31 | 1.40 | 1.23 | 1.22 | 1.23 | 1.24 | 1.20 | 1.18 | 1.19 | 1.06 | 0.83 | 0.82 | 0.74 | 0.81 | ||
| - | - | - | - | 1.26 | 0.66 | 4.26 | 8.65 | 9.09 | 9.16 | 9.30 | 13.41 | 15.58 | 27.78 | - | - | - | 9.68 | 14.90 | ||
| - | - | - | - | -13.8% | -11.8% | 41.3% | 4.1% | 0.7% | -10.4% | 46.7% | 7.5% | 58.9% | 376.0% | - | - | - | 12.7% | 11.8% | ||
| - | -229.9% | -105.5% | -115.4% | -5.9% | -6.7% | 7.1% | 0.4% | 0.1% | -0.9% | 4.0% | 0.5% | 3.2% | 11.2% | 19.2% | -6.0% | -73.8% | 1.0% | 0.7% | ||
| -9.90 | -11.32 | -48.67 | -364.15 | -15.53 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21 days | 27 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59 days | 166 days |
A ratio outside any meaningful range has been withheld (balance sheet total €35,093, equity -€2.1m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 27 | 52 | 53 | 47 |
| full-time | - | 18 | 35 | 33 | 26 |
| part-time | - | 9 | 17 | 20 | 21 |
| in full-time equivalents | - | 23.3 | 46.1 | 45.5 | 39.2 |
| 7.4 | 36.6 | 46.3 | 44.6 | 37.9 | |
| On a permanent contract | - | 26 | 46 | 51 | 45 |
| Joined | 9 | 166 | 177 | 146 | 122 |
| Left | 36 | 191 | 178 | 140 | 116 |
| Training hours | 288 | 787 | 331 | 38 | 77 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €142,221 | €118,526 | €111,613 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,079 | €5,491 | €34,026 | €31,542 |
| Intangible fixed assets | - | - | - | - | €21,088 |
| Financial fixed assets | - | - | - | - | €125,000 |
| €20,222 | €29,975 | €36,632 | €33,750 | €16,086 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MODEVA
The operating result for 2025 is a loss of €629,041, larger than the loss of €559,619 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€35,093).
Large changes and their cause
- 2025 Staff (FTE) -80% on 2024. Contribution of a branch of activity to Beaux-Arts Gent, effective 01-07-2024, in the previous financial year. That operation now counts for a full year for the first time.
- 2024 Equity -79%, Total assets -55% on 2023. Contribution of a branch of activity to Beaux-Arts Gent, effective 01-07-2024.