Result
€96,104 ▲ 593%
The result rose in 2025 from €13,872 to €96,104.
MODIMAR
Lifetime
15 annual accounts with figures on one time axispeak €168,704 (2025)
€168,704▲ 315%
lowest -€28,773 (2020)
€96,104▲ 593%
peak €57,468 (2025)
€57,468▲ €72,704
€340,372▲ 23.1%
Board1 name since 2021
1 directorVanhaeren Dirk
Documentsfilings and deeds
21-04-20269 days before the deadline
2025micro format
Gross margin from €40,617 to €168,704Result from €13,872 to €96,104Equity from -€15,236 to €57,468Debts from €276,456 to €340,372Cash from €26,190 to €214,748
Key points
from the 2025 annual accountsDebts
€340,372 86% of the balance sheet
Suppliers 7%Taxes and wages 14%Other 79%
Position in the sector
€96,104
Higher net result than 90% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
96
Excellent
Financially stronger than 71% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.4%▼ -0.7 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%▼ -0.4 percentage points vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €57,468 (14.4% of total assets)
lowers risk
Size: total assets €397,840
Liquidity: current ratio 0.65, cash €214,748
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 35% of them on solvency, 61% on liquidity, 90% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as MODIMAR has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MODIMAR itself is lower: 0.1% within 12 months. It rests on far more data about MODIMAR than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for MODIMAR. 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
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (0.3 in 2024), below 1. Short-term debt is 85.6% and cash 54% of total assets. 85.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
on the day
2023
1 day late
2022
6 days early
2021
5 days early
2020
2 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826174140
First establishment
Parklaan 53, Wemmel
Incorporation
published on 31-05-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MODIMAR Antwerp | €397,840 | €168,704 | 14.4% | - |
| Vleugels Vastgoed Heist-op-den-Berg | €427,073 | €179,111 | 83.1% | - |
| ROSINI Bonheiden | €453,919 | €206,786 | 40.0% | - |
| VERLIMMO Schoten | €378,941 | €142,511 | 21.7% | - |
| MEEUSEN VASTGOED Schoten | €379,909 | €180,632 | 73.1% | - |
| ImmO Schrijnemakers Diepenbeek | €422,036 | €166,659 | 78.8% | - |
| IMMOBILIERE RENIER Anderlecht | €423,339 | €183,022 | 5.4% | - |
These companies have the same main activity as MODIMAR: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €379,000 and €454,000, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 27-05-2010Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.201.486.3631780 Wemmel, since 01-07-2010
- Financial year end
- 30 September
- Peppol
- Reachable since 30-12-2025
Annual accounts to 30-09-2025
- ≈ €290,000estimated
- €397,840▲ 52.3%
- Filing
- Filed on 21-04-2026, 9 days before the end of the filing period
Insights on MODIMAR
MODIMAR files the micro format. That format states no turnover. The gross margin rose from €100,500 in 2011 to €168,704 in 2025.
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 MODIMAR
- What is the company number of MODIMAR?
- The company number of MODIMAR is 0826.174.140. The VAT number is the same number with BE in front: BE 0826.174.140.
- Where is MODIMAR based?
- The registered office is at Sint-Michielskaai 6, 2000 Antwerp.Company details
- What does MODIMAR do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of MODIMAR?
- MODIMAR is a private limited company (pre-2019) (BVBA).
- When was MODIMAR founded?
- MODIMAR was founded on 27-05-2010.
- Is MODIMAR still active?
- Yes, MODIMAR is an active enterprise in the KBO register.
- What is the turnover of MODIMAR?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €168,704 and 32 comparable companies (NACE 68310). It probably lies between €240,000 and €450,000.Financials
- Is MODIMAR profitable?
- In financial year 2025, MODIMAR made a profit of €96,104.
- Where can I find the annual accounts of MODIMAR?
- MODIMAR filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MODIMAR due?
- MODIMAR must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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