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MODIMAR

Active Private limited company (pre-2019)founded 2010active for 16 yearsSint-Michielskaai 6, 2000 AntwerpKBO/BCE: BE 0826.174.140
MODIMAR
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Overview

Lifetime

15 annual accounts with figures on one time axis
peak €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 accounts

Result

€96,104 ▲ 593%
€13,9002024€96,1002025

The result rose in 2025 from €13,872 to €96,104.

Debts

€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 strength
Strong

39+20equity 14.4% of total assets
53+40short-term debt 85.6% · cash 54.0%
99+24return on assets 24.2%

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
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Equity €57,468 (14.4% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €397,840
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.65, cash €214,748
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
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 filings
Deviation 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 months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VD
Vanhaeren Dirk
Director
Board & ownership

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
All 24 events

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
Company details

Annual accounts to 30-09-2025

€168,704▲ 315%
≈ €290,000estimated
€96,104▲ 593%
€57,468
€397,840▲ 52.3%
Filing
Filed on 21-04-2026, 9 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 21-04-2026, 9 days before the deadline
€168,704
▲ 315%
€146,855
▲ 931%
€149,117
▲ 803%
€98,366
▲ 510%
14.4%
▲ 20.3 percentage points
0.65
▲ 0.35

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €290,000. Estimated: probably between €240,000 and €450,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €397,840 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

14.4%

Higher than 37% of 17,190 companies in 2025.

0.65

Higher than 33% of 16,487 companies in 2025.

24.2%

Higher than 88% of 16,866 companies in 2025.

MODIMAR Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 397,840261,221261,422282,305324,659291,558298,126250,203247,266266,815301,499276,283366,617350,962372,652
21/28 175,967178,229180,492182,754185,017187,279197,118220,432220,432230,574235,231239,888244,545270,254295,963
22/27 175,967178,229180,492182,754185,017187,279197,118220,432220,432230,574235,231239,888244,545270,254295,963
22 175,967178,229180,492182,754185,017187,279197,118220,432220,432230,574235,231239,888244,545270,254295,963
29/58 221,87382,99180,93099,550139,642104,279101,00829,77126,83436,24166,26836,395122,07280,70876,689
40/41 7,12456,80166,16683,342120,79473,96153,97611,2541,21011,90053,45328,66195,51451,50235,174
40 -6,41310,86328,98023,595---1,2108,4701,21012,94561,00049,00027,000
41 7,12450,38855,30354,36397,19973,96153,97611,254-3,43052,24315,71634,5142,5028,174
54/58 214,74826,1908,91210,18112,85227,38747,03218,51725,62424,34112,8157,73426,55826,49038,891
490/1 --5,8536,0285,9952,931-------2,7152,623
Balance sheet: equity and liabilities
10/49 397,840261,221261,422282,305324,659291,558298,126250,203247,266266,815301,499276,283366,617350,962372,652
10/15 57,468-15,236-29,107-36810,765-3,60325,17021,50520,92520,51717,74615,8604,06812,74812,295
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
10 ----18,600----------
100 ----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
11 18,60018,60018,60018,600-----------
1109/19 18,60018,60018,60018,600-----------
13 4,4504,4504,4504,4504,4504,4504,450850750600----1,522
130/1 1,3501,3501,3501,3501,3501,350---------
130 ---1,3501,3501,3501,350850750600-----
1311 1,3501,3501,350------------
132 --------------1,522
133 3,1003,1003,1003,1003,1003,1003,100--------
14 34,418-38,286-52,157-23,418-12,285-26,6532,1202,0551,5751,317-854-2,740-14,532-5,852-7,828
16 --------------415
168 --------------415
17/49 340,372276,456290,529282,672313,894295,161272,955228,699226,342246,298283,753260,423362,549338,214359,943
42/48 340,372276,456290,529282,672313,894295,161272,955228,699226,342246,298283,753260,423362,549338,214359,943
42 --------------6,913
44 23,1402,5375,8454,11629,85027,7913,2162,3712,62019,7841,6242,72613,6561,1191,547
440/4 23,1402,5375,8454,11629,85027,7913,2162,3712,62019,7841,6242,72613,6561,1191,547
45 49,1991,7923,6415,21813,6091,8652,326322900------
450/3 45,587--1,63010,0439902,326322900------
454/9 3,6121,7923,6413,5873,566875---------
47/48 268,033272,127281,043273,339270,435265,505267,413226,005222,822226,513282,130257,697348,893337,095351,482
Income statement
70 -------------51,232101,500
9900 168,70440,617-5,26611,17837,5771,53052,50418,36333,71835,64030,27838,19942,69050,232100,500
60/61 -------------1,0001,000
630 2,2622,2622,2622,2622,2629,83923,314-10,1424,6574,6574,65725,70925,70957,845
631/4 --------3,734------
640/8 19,58724,11217,82916,45314,81617,20814,01014,07213,45113,43313,02811,31013,88210,76923,309
9901 146,85514,243-25,357-7,53820,499-25,51715,1794,2916,39217,55012,59322,2313,09913,75319,346
75/76B -66544616686000-413654827186
75 -66544616686000-413654827186
65/66B 9,5714373,7494,2104,7183,2563,3543,5113,4954,78210,72110,50411,82713,98630,846
65 9,5714373,7494,2104,7183,2563,3543,5113,4954,78210,72110,50411,82713,98630,846
9903 137,28413,872-28,563-11,13216,467-28,77311,8267802,89612,7721,88611,792-8,68039-11,414
67/77 41,180-177-2,100-2,1602002390-----
9904 96,10413,872-28,740-11,13214,367-28,7739,6665802,65712,7721,88611,792-8,680453-10,513
789 -------------1,5222,685
9905 96,10413,872-28,740-11,13214,367-28,7739,6665802,65712,7721,88611,792-8,6801,976-7,828
Appropriation of the result
9906 57,818-38,286-52,157-23,418-12,285-26,65311,7202,1553,97511,917-854-2,740-14,532-5,852-7,828
14P -38,286-52,157-23,418-12,285-26,653----------
691/2 ------3,600100150600-----
6920 ------500100150600-----
6921 ------3,100--------
694/7 23,400-----6,000-2,25010,000-----
695 23,400-----6,000-2,25010,000-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 21-04-2026 2026-00083854 PDF
30-09-2024 micro format 30-04-2025 2025-00083455 PDF
30-09-2023 micro format 01-05-2024 2024-00078071 PDF
30-09-2022 micro format 24-04-2023 2023-00063787 PDF
30-09-2021 micro format 25-04-2022 2022-20007723 PDF
30-09-2020 micro format 28-04-2021 2021-11600298 PDF
30-09-2019 micro format 30-04-2020 2020-10700376 PDF
30-09-2018 micro format 29-04-2019 2019-11300561 PDF
30-09-2017 micro format 30-04-2018 2018-11500075 PDF
30-09-2016 abbreviated format 27-03-2017 2017-07400190 PDF
30-09-2015 abbreviated format 11-04-2016 2016-09800283 PDF
30-09-2014 abbreviated format 15-08-2015 2015-43000076 PDF
30-09-2013 abbreviated format 30-04-2014 2014-10900595 PDF
30-09-2012 abbreviated format 29-04-2013 2013-10300506 PDF
30-09-2011 abbreviated format 30-04-2012 2012-10200367 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
149,11716,506-23,095-5,27522,762-15,67838,494-16,53322,20717,25026,88928,80739,46277,191
98,36616,134-26,477-8,87016,630-18,93432,980-12,79917,4296,54316,44917,02926,16247,332
0000000-0000001.1m
188,55817,278-1,269-2,671-14,535-19,64428,515-7,1071,28311,5255,081-18,82468-12,401-
-118,499-193,465-209,599-183,122-174,252-190,882-171,948-198,928-199,508-210,056-217,485-224,028-240,477-257,506-283,253
-------------26.8%19.1%
14.4%-5.8%-11.1%-0.1%3.3%-1.2%8.4%8.6%8.5%7.7%5.9%5.7%1.1%3.6%3.3%
0.650.300.280.350.440.350.370.130.120.150.230.140.340.240.21
5.92---29.16-10.8410.6310.8212.0015.9916.4289.1226.5329.28
167.2%---133.5%-38.4%2.7%12.7%62.2%10.6%74.3%-213.4%3.6%-85.5%
24.2%5.3%-11.0%-3.9%4.4%-9.9%3.2%0.2%1.1%4.8%0.6%4.3%-2.4%0.1%-2.8%
15.5837.73-6.16-1.254.82----------
-------------349 days97 days
-------------409 days565 days

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.

Insights on MODIMAR

The operating result for 2025 is over 10 times that of 2024 and the highest since 2011. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total is 85.6%.

Board & ownership

Board

1 director
Vanhaeren Dirk
Director
listed in the 2025 annual accounts, filed on 21-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Vanhaeren Dirk
Director
Boardmandate already running before its first mention
Mandates as a list
  • Vanhaeren Dirk
    • Director, since before 30-09-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Network & group

No group

MODIMAR has no parent and no holdings in its annual accounts. Vanhaeren Dirk is the only director. MODIMAR shares no director with another company.

At the same address

Sint-Michielskaai 6, 2000 Antwerp · 4 other companies
DONBES
registered office since 07-03-2011
 founded in 2011
0834.301.849
JAMMIN SAM
registered office since 27-10-2004
 founded in 2004
0869.690.518
Vereniging van Mede-eigenaars Residentie Riverside te Antwerpen, Sint-Michielskaai 6 en Verbrande Entrepotstraat 4
registered office since 23-06-1998
 founded in 1998
0867.606.602
Organisatie van Leiders van Goede Akties
registered office since 14-04-1988
 founded in 1988
0435.167.239

Timeline

Timeline

24 events since 2010

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 9 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0826174140
Highest result from 2011 to 2025 net €96,104 ▲593% The operating result of €146,855 and the net result of €96,104 are both a record.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Back to profit net €13,872 The net result is €13,872, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 1 day late
2023
Annual accounts 2022 filed PDFmicro format · 6 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 5 days before the deadline
2021
Back to profit net €14,367 The net result is €14,367, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2020
Weakest financial year net -€28,773 The net result drops to -€28,773, the lowest from 2011 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFmicro format · on the deadline day
2019
Annual accounts 2018 filed PDFmicro format · 1 day before the deadline
2018
Annual accounts 2017 filed PDFmicro format · on the deadline day
2017
Annual accounts 2016 filed PDFabbreviated format · 34 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 19 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 107 days late
2014
Back to profit net €11,792 The net result is €11,792, after one loss-making year.
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Annual accounts 2012 filed PDFabbreviated format · 1 day before the deadline
2012
Back to profit net €453 The net result is €453, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · on the deadline day
2010
First establishment Parklaan 53, Wemmel
Incorporation PDFpublished on 31-05-2010

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MODIMAR was incorporated on 27 May 2010.1 Total assets rose from €298,126 in 2019 to €397,840 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0826.174.140
VAT number
BE 0826.174.140
Peppol ID
0208:0826174140
Other Peppol ID
9925:BE0826174140
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
27-05-2010
Financial year
ends on 30 September
Peppol
Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MODIMAR in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
68310 Real estate agency activities main activity
Codes under NACEBEL 2008
68311 Real estate activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Sint-Michielskaai 6 registered office 2000 Antwerp
Parklaan 53 1780 Wemmel 68201 Renting and operating of own or leased residential real estate, excluding social housing 01-07-2010 2.201.486.363

Buildings and parcels at the address

Ground area
145 m²
Buildings
145 m²
Volume, LiDAR
2,423 m³
Tallest building
22.9 m
Buildings to scale, each on its own parcel
145 m², 22.9 m 145 m², 22.9 m

Location

registered office establishment approximate The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11804D3477/00M005145 m² 1 · 145 m² 22.9 m · 7

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