MODIMAR
ActiveSummary
MODIMAR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €96k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+24
Solvency39▲+20
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.3 in 2024; short-term debt: 85.6% and cash: 54% of total assets), and 85.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.4%
Return on assets
24.2%
Age of the figures
12 mo
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 d early
2024
on the day
2023
1 d late
2022
6 d early
2021
5 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k
2024 · €-15k
2018: €22k
2019: €25k▲ +17.0% vs 2018
2020: €-4k▼ -114% vs 2019
2021: €11k▲ +399% vs 2020
2022: €-368▼ -103% vs 2021
2023: €-29k▼ -7816% vs 2022lowest in 8 years
2024: €-15k▲ +47.7% vs 2023
2025: €57k▲ +477% vs 2024highest in 8 years
2018 → 2025
Total assets
€398k▲ 52.3%
2024 · €261k
2018: €250klowest in 8 years
2019: €298k▲ +19.2% vs 2018
2020: €292k▼ -2.2% vs 2019
2021: €325k▲ +11.4% vs 2020
2022: €282k▼ -13.0% vs 2021
2023: €261k▼ -7.4% vs 2022
2024: €261k▼ -0.1% vs 2023
2025: €398k▲ +52.3% vs 2024highest in 8 years
2018 → 2025
Net result
€96k▲ 593%
2024 · €14k
2018: €580
2019: €10k▲ +1567% vs 2018
2020: €-29k▼ -398% vs 2019lowest in 8 years
2021: €14k▲ +150% vs 2020
2022: €-11k▼ -177% vs 2021
2023: €-29k▼ -158% vs 2022
2024: €14k▲ +148% vs 2023
2025: €96k▲ +593% vs 2024highest in 8 years
2018 → 2025
Working capital
€-118k▲ 38.7%
2024 · €-193k
2018: €-199k
2019: €-172k▲ +13.6% vs 2018
2020: €-191k▼ -11.0% vs 2019
2021: €-174k▲ +8.7% vs 2020
2022: €-183k▼ -5.1% vs 2021
2023: €-210k▼ -14.5% vs 2022lowest in 8 years
2024: €-193k▲ +7.7% vs 2023
2025: €-118k▲ +38.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€-368€-29k▼ 7,816%€-15k▲ 47.7%€57k
2021: €11k
2022: €-368▼ -103% vs 2021
2023: €-29k▼ -7816% vs 2022lowest in 5 years
2024: €-15k▲ +47.7% vs 2023
2025: €57k▲ +477% vs 2024highest in 5 years
Operating result€20k-€-8k€-25k▼ 236%€14k€147k▲ 931%
2021: €20k
2022: €-8k▼ -137% vs 2021
2023: €-25k▼ -236% vs 2022lowest in 5 years
2024: €14k▲ +156% vs 2023
2025: €147k▲ +931% vs 2024highest in 5 years
Net result€14k-€-11k€-29k▼ 158%€14k€96k▲ 593%
2021: €14k
2022: €-11k▼ -177% vs 2021
2023: €-29k▼ -158% vs 2022lowest in 5 years
2024: €14k▲ +148% vs 2023
2025: €96k▲ +593% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 931% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398k
Fixed assets
€176k ▼ 1.3%
Current assets
€222k ▲ 167%
Equity and liabilities €398k
Equity
€57k
Debt
€340k
Debt finances 85.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€149k▲
2024 · €17k
Cash flow
€98k▲
2024 · €16k
Current ratio
0.65▲
2024 · 0.30
Debt to equity
5.92▲
2024 · -18.15
ROE
167.2%
ROA
24.2%▲
2024 · 5.3%
Interest coverage
15.58▼
2024 · 37.73
Debt ≤ 1 year
€340k▲
2024 · €276k
Income taxes
€41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€261k€398k▲
Fixed assets21/28€178k€176k▼
Tangible fixed assets22/27€178k€176k▼
Land and buildings22€178k€176k▼
Current assets29/58€83k€222k▲
Amounts receivable within one year40/41€57k€7k▼
Trade receivables40€6k-
Other amounts receivable41€50k€7k▼
Cash at bank and in hand54/58€26k€215k▲
Equity and liabilities
Total equity and liabilities10/49€261k€398k▲
Equity10/15€-15k€57k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€4k€4k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-38k€34k▲
Amounts payable17/49€276k€340k▲
Amounts payable within one year42/48€276k€340k▲
Trade debts44€3k€23k▲
Suppliers440/4€3k€23k▲
Taxes, remuneration and social security45€2k€49k▲
Taxes450/3-€46k
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€272k€268k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€24k€20k▼
Gross operating margin9900€41k€169k▲
Operating profit (loss)9901€14k€147k▲
Financial income75/76B€66-
Recurring financial income75€66-
Financial charges65/66B€437€10k▲
Recurring financial charges65€437€10k▲
Profit (loss) for the period before taxes9903€14k€137k▲
Income taxes67/77-€41k
Profit (loss) for the period9904€14k€96k▲
Profit (loss) for the period to be appropriated9905€14k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€58k▲
Profit (loss) brought forward from the previous period14P€-52k€-38k▲
Profit to be distributed694/7-€23k
Directors or managers695-€23k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | €15k | €16k | €18k | €24k | €20k | ▼ 18.8% |
| Gross operating margin9900 | €38k | €11k | €-5k | €41k | €169k | ▲ 315% |
| Operating profit (loss)9901 | €20k | €-8k | €-25k | €14k | €147k | ▲ 931% |
| Financial income75/76B | €686 | €616 | €544 | €66 | - | - |
| Recurring financial income75 | €686 | €616 | €544 | €66 | - | - |
| Financial charges65/66B | €5k | €4k | €4k | €437 | €10k | ▲ 2,088% |
| Recurring financial charges65 | €5k | €4k | €4k | €437 | €10k | ▲ 2,088% |
| Profit (loss) for the period before taxes9903 | €16k | €-11k | €-29k | €14k | €137k | ▲ 890% |
| Income taxes67/77 | €2k | - | €177 | - | €41k | - |
| Profit (loss) for the period9904 | €14k | €-11k | €-29k | €14k | €96k | ▲ 593% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-11k | €-29k | €14k | €96k | ▲ 593% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325k | €282k | €261k | €261k | €398k | ▲ 52.3% |
| Fixed assets21/28 | €185k | €183k | €180k | €178k | €176k | ▼ 1.3% |
| Tangible fixed assets22/27 | €185k | €183k | €180k | €178k | €176k | ▼ 1.3% |
| Land and buildings22 | €185k | €183k | €180k | €178k | €176k | ▼ 1.3% |
| Current assets29/58 | €140k | €100k | €81k | €83k | €222k | ▲ 167% |
| Amounts receivable within one year40/41 | €121k | €83k | €66k | €57k | €7k | ▼ 87.5% |
| Trade receivables40 | €24k | €29k | €11k | €6k | - | - |
| Other amounts receivable41 | €97k | €54k | €55k | €50k | €7k | ▼ 85.9% |
| Cash at bank and in hand54/58 | €13k | €10k | €9k | €26k | €215k | ▲ 720% |
| Deferred charges and accrued income490/1 | €6k | €6k | €6k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325k | €282k | €261k | €261k | €398k | ▲ 52.3% |
| Equity10/15 | €11k | €-368 | €-29k | €-15k | €57k | ▲ 477% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | €1k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1k | €1k | €1k | = |
| Distributable reserves133 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-12k | €-23k | €-52k | €-38k | €34k | ▲ 190% |
| Amounts payable17/49 | €314k | €283k | €291k | €276k | €340k | ▲ 23.1% |
| Amounts payable within one year42/48 | €314k | €283k | €291k | €276k | €340k | ▲ 23.1% |
| Trade debts44 | €30k | €4k | €6k | €3k | €23k | ▲ 812% |
| Suppliers440/4 | €30k | €4k | €6k | €3k | €23k | ▲ 812% |
| Taxes, remuneration and social security45 | €14k | €5k | €4k | €2k | €49k | ▲ 2,646% |
| Taxes450/3 | €10k | €2k | - | - | €46k | - |
| Remuneration and social security454/9 | €4k | €4k | €4k | €2k | €4k | ▲ 102% |
| Other amounts payable47/48 | €270k | €273k | €281k | €272k | €268k | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-11k | €-29k | €14k | €96k | ▲ 593% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €17k | €-9k | €-26k | €16k | €98k | ▲ 510% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-3k | €-1k | €17k | €189k | ▲ 991% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €96k ▲593%
Operating result €147k, net result €96k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
01-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2010
Ground area
788 m²
Building footprint
331 m²
Volume, LiDAR
3,466 m³
2 parcels, Flanders · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MODIMAR
since 20102.201.486.363
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0132/00Z027 | Flanders | 643 m² | 1 · 186 m² | 8.6 m · 2 fl. |
| 11804D3477/00M005 | Flanders | 145 m² | 1 · 145 m² | 22.9 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,967 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)
Founded27-05-2010
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.