Staff
4.1 FTE from 6 in 2012
Between 2012 and 2024, 32% of the full-time equivalents disappeared.
MODIFROID
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2000peak €334,922 (2022)
€263,720▲ 8.7%
lowest -€37,955 (2023)
€2,506▲ €40,461
peak €639,082 (2022)
€603,633▲ 0.4%
€266,798▼ 32.0%
peak 6 FTE (2012)
-not published
Board1 name since 2021
1 director
Documentsfilings and deeds
03-10-202564 days late
2024micro format
Back to profit: €2,506Debts from €392,466 to €266,798Cash from €103,935 to €29,561
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Key points
from the 2024 annual accountsFilings
25 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€603,633
More equity than 92% of companies in machinery and equipment. Sector median €89,103 · 504 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as MODIFROID has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for MODIFROID. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
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Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466848132
Resignation: (manager)
Reappointment: (director) · General meeting of 24-10-2023 · Gazette deed
First establishment
Rue du Brabant Wallon 3, Courcelles
Incorporation
published on 24-09-1999 · Gazette deed
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MODIFROID Courcelles | €0.9m | €263,720 | 69.3% | - |
| L.P. COOLING - LE FROID AUTREMENT Namur | €0.9m | €311,241 | 32.0% | 3.8 |
| TAMSIN - DURIEUX Zedelgem | €0.9m | €205,816 | 83.7% | - |
| INCOTECH Merelbeke-Melle | €0.7m | €217,451 | 84.8% | - |
| DNV ENGINEERING Silly | €0.7m | €181,740 | 44.9% | - |
| INDUSTRIELE VENTILATIE TECHNIEKEN Hamont-Achel | €0.7m | €187,922 | 91.2% | 3.4 |
| REFRIGERATION, INSTALLATION and REGULATION Asse | €1.1m | €381,746 | 71.9% | 3 |
These companies have the same main activity as MODIFROID: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €666,000 and €1.1m, founded between 1995 and 2004.
Official details
Source: KBO- Status
- Active since 14-09-1999Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250and 2 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2024
- Establishment unit
- 2.094.858.3226180 Courcelles, since 20-01-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2024
- ≈ €530,000estimated
- €870,431▼ 12.4%
- Employeeson 31-12-2024
- 4=
- Filing
- Filed on 03-10-2025
Insights on MODIFROID
MODIFROID files the micro format. That format states no turnover. The gross margin rose from €218,751 in 2006 to €263,720 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MODIFROID
- What is the company number of MODIFROID?
- The company number of MODIFROID is 0466.848.132. The VAT number is the same number with BE in front: BE 0466.848.132.
- Where is MODIFROID based?
- The registered office is at Rue du Brabant Wallon 3, 6180 Courcelles.Company details
- What does MODIFROID do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
- What is the legal form of MODIFROID?
- MODIFROID is a private limited company (BV).
- When was MODIFROID founded?
- MODIFROID was founded on 14-09-1999.
- Is MODIFROID still active?
- Yes, MODIFROID is an active enterprise in the KBO register.
- How many employees does MODIFROID have?
- MODIFROID had an average of 4.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MODIFROID fall under?
- In its 2024 annual accounts, MODIFROID states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of MODIFROID?
- The turnover in financial year 2024 is ≈ €530,000. This figure is estimated from the gross margin of €263,720 and 878 comparable companies of the same size. It probably lies between €370,000 and €770,000. It is a rough estimate.
- Is MODIFROID profitable?
- In financial year 2024, MODIFROID made a profit of €2,506.
- Where can I find the annual accounts of MODIFROID?
- MODIFROID filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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