MODINVEST
ActiveSummary
MODINVEST has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807,993 and a net result of €4,307. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 88% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 4.46 against 3.72 in 2024; short-term debt: 4.9% and cash: 13.8% of total assets), and 14.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
85.6%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
26 d late
2023
30 d late
2022
32 d late
2021
30 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by equity in Sprimont, Real estate sector#10 oldest company in Sprimont, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,307▼ 93.7%
2024 · €68,053
Working capital
€160,456▼ 1.2%
2024 · €162,339
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,830▼ 44.3%€17,080▲ 93.4%€9,397▼ 45.0%-€2,500€5,321
Net result€8,702within the sector's middle half▼ 87.5%€9,949within the sector's middle half▲ 14.3%€5,596within the sector's middle half▼ 43.8%€68,053within the sector's middle half▲ 1,116%€4,307within the sector's middle half▼ 93.7%
Equity€773,089within the sector's middle half▼ 5.1%€783,038within the sector's middle half▲ 1.3%€788,633within the sector's middle half▲ 0.7%€831,687within the sector's middle half▲ 5.5%€807,993within the sector's middle half▼ 2.8%
Total assets€1.0mwithin the sector's middle half▼ 4.1%€1.0mwithin the sector's middle half▼ 3.2%€968,763within the sector's middle half▼ 4.0%€984,847within the sector's middle half▲ 1.7%€944,336within the sector's middle half▼ 4.1%
Debt€167,892▲ 0.2%€128,210▼ 23.6%€85,452▼ 33.3%€62,142▼ 27.3%€48,987▼ 21.2%
Working capital€90,756within the sector's middle half▼ 40.9%€81,301within the sector's middle half▼ 10.4%€62,033within the sector's middle half▼ 23.7%€162,339within the sector's middle half▲ 162%€160,456within the sector's middle half▼ 1.2%
Solvency74.1%above the sector's middle half▼ 0.8pp77.6%above the sector's middle half▲ 3.4pp81.4%above the sector's middle half▲ 3.8pp84.4%above the sector's middle half▲ 3.0pp85.6%above the sector's middle half▲ 1.1pp
Current ratio2.18within the sector's middle half▼ 2.242.20within the sector's middle half▲ 0.022.10within the sector's middle half▼ 0.103.72above the sector's middle half▲ 1.624.46above the sector's middle half▲ 0.74
Return on assets (ROA)0.8%within the sector's middle half▼ 5.5pp1.0%within the sector's middle half▲ 0.2pp0.6%within the sector's middle half▼ 0.4pp6.9%above the sector's middle half▲ 6.3pp0.5%within the sector's middle half▼ 6.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,321 after a loss of €2,500 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €944,336
Fixed assets
€737,454 ▼ 3.3%
Current assets
€206,883 ▼ 6.8%
Equity and liabilities €944,336
Equity
€807,993 ▼ 2.8%
Provisions
€87,356 ▼ 4.0%
Debt
€48,987 ▼ 21.2%
Debt's share of the balance-sheet total falls from 6.3% to 5.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41,699▲
2024 · €34,511
Cash flow
€40,685▼
2024 · €105,064
Debt to equity
0.06▼
2024 · 0.07
ROE
0.5%▼
2024 · 8.2%
Interest coverage
74.59▲
2024 · 20.59
Debt ≤ 1 year
€46,427▼
2024 · €59,682
Debt > 1 year
€1,760=
2024 · €1,760
Income taxes
€5,769▼
2024 · €10,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,341 | €32,026 | €35,278 | €37,011 | €36,378 | ▼ 1.7% |
| Other operating charges640/8 | €4,651 | €4,742 | €5,226 | €5,403 | €5,571 | ▲ 3.1% |
| Non-recurring operating charges66A | €360 | €0 | - | - | - | - |
| Gross operating margin9900 | €45,182 | €53,847 | €49,900 | €39,914 | €47,270 | ▲ 18.4% |
| Operating profit (loss)9901 | €8,830 | €17,080 | €9,397 | -€2,500 | €5,321 | ▲ 313% |
| Financial income75/76B | €3 | €9 | €462 | €78,571 | €1,652 | ▼ 97.9% |
| Recurring financial income75 | €3 | €9 | €462 | €78,571 | €1,652 | ▼ 97.9% |
| Financial charges65/66B | €2,252 | €3,274 | €2,276 | €1,676 | €559 | ▼ 66.6% |
| Recurring financial charges65 | €2,252 | €3,274 | €2,276 | €1,676 | €559 | ▼ 66.6% |
| Profit (loss) for the period before taxes9903 | €6,581 | €13,815 | €7,584 | €74,395 | €6,414 | ▼ 91.4% |
| Transfer from deferred taxes780 | €3,621 | €3,660 | €3,660 | €3,660 | €3,661 | = |
| Income taxes67/77 | €1,500 | €7,526 | €5,648 | €10,001 | €5,769 | ▼ 42.3% |
| Profit (loss) for the period9904 | €8,702 | €9,949 | €5,596 | €68,053 | €4,307 | ▼ 93.7% |
| Transfer from tax-exempt reserves789 | €8,055 | €8,147 | €8,147 | €8,147 | €8,150 | = |
| Profit (loss) for the period to be appropriated9905 | €16,757 | €18,096 | €13,743 | €76,200 | €12,456 | ▼ 83.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €968,763 | €984,847 | €944,336 | ▼ 4.1% |
| Fixed assets21/28 | €875,537 | €860,500 | €850,491 | €762,825 | €737,454 | ▼ 3.3% |
| Tangible fixed assets22/27 | €822,765 | €807,728 | €797,720 | €762,825 | €737,454 | ▼ 3.3% |
| Land and buildings22 | €796,184 | €770,396 | €744,609 | €718,821 | €693,028 | ▼ 3.6% |
| Plant, machinery and equipment23 | €26,582 | €37,331 | €53,111 | €44,004 | €42,924 | ▼ 2.5% |
| Furniture and vehicles24 | - | - | - | - | €1,501 | - |
| Financial fixed assets28 | €52,772 | €52,772 | €52,772 | €0 | - | - |
| Current assets29/58 | €167,441 | €149,085 | €118,272 | €222,022 | €206,883 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €1,238 | €0 | €499 | €2,574 | €3,852 | ▲ 49.6% |
| Trade receivables40 | - | - | - | - | €1,365 | - |
| Other amounts receivable41 | €1,238 | €0 | €499 | €2,574 | €2,487 | ▼ 3.4% |
| Current investments50/53 | €160,000 | €145,000 | €15,249 | €117,952 | €70,830 | ▼ 40.0% |
| Cash at bank and in hand54/58 | €4,381 | €3,738 | €101,075 | €100,072 | €130,605 | ▲ 30.5% |
| Deferred charges and accrued income490/1 | €1,822 | €347 | €1,449 | €1,424 | €1,596 | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €968,763 | €984,847 | €944,336 | ▼ 4.1% |
| Equity10/15 | €773,089 | €783,038 | €788,633 | €831,687 | €807,993 | ▼ 2.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €326,327 | €336,180 | €341,033 | €408,886 | €412,736 | ▲ 0.9% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €229,127 | €220,980 | €212,833 | €204,686 | €196,536 | ▼ 4.0% |
| Distributable reserves133 | €91,000 | €109,000 | €122,000 | €198,000 | €210,000 | ▲ 6.1% |
| Profit (loss) carried forward14 | €384,762 | €384,858 | €385,601 | €360,801 | €333,257 | ▼ 7.6% |
| Provisions and deferred taxes16 | €101,998 | €98,338 | €94,678 | €91,018 | €87,356 | ▼ 4.0% |
| Deferred taxes168 | €101,998 | €98,338 | €94,678 | €91,018 | €87,356 | ▼ 4.0% |
| Amounts payable17/49 | €167,892 | €128,210 | €85,452 | €62,142 | €48,987 | ▼ 21.2% |
| Amounts payable after more than one year17 | €91,207 | €59,113 | €28,299 | €1,760 | €1,760 | = |
| Financial debts170/4 | €91,207 | €59,113 | €26,539 | €0 | - | - |
| Other amounts payable178/9 | - | - | €1,760 | €1,760 | €1,760 | = |
| Amounts payable within one year42/48 | €76,685 | €67,784 | €56,239 | €59,682 | €46,427 | ▼ 22.2% |
| Current portion of amounts payable after more than one year42 | €31,619 | €32,094 | €32,574 | €26,539 | €0 | ▼ 100% |
| Trade debts44 | €965 | €1,038 | €2,026 | €645 | €2,525 | ▲ 291% |
| Suppliers440/4 | €965 | €1,038 | €2,026 | €645 | €2,525 | ▲ 291% |
| Taxes, remuneration and social security45 | €9,100 | €6,648 | €10,635 | €15,098 | €14,858 | ▼ 1.6% |
| Taxes450/3 | €9,100 | €6,648 | €10,635 | €15,098 | €14,858 | ▼ 1.6% |
| Other amounts payable47/48 | €35,000 | €28,003 | €11,004 | €17,400 | €29,045 | ▲ 66.9% |
| Accrued charges and deferred income492/3 | - | €1,313 | €915 | €700 | €800 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,702 | €9,949 | €5,596 | €68,053 | €4,307 | ▼ 93.7% |
| + Depreciation and write-downs630 | €31,341 | €32,026 | €35,278 | €37,011 | €36,378 | ▼ 1.7% |
| Operating cash flow (approximation) | €40,044 | €41,975 | €40,873 | €105,064 | €40,685 | ▼ 61.3% |
| Investment in fixed assets (approximation) | - | -€16,988 | -€25,269 | €50,656 | -€11,007 | ▼ 122% |
| Change in cash | - | -€643 | €97,337 | -€1,003 | €30,533 | ▲ 3,144% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €155,144
Net result €155,144 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sprimont · 1 establishment unit since 1995
Ground area
2,548 m²
Building footprint
174 m²
Volume, LiDAR
1,147 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Cornemont(LVG) 69 A, 4141 Sprimont
since 19952.071.705.016
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067D0014/00P000 | Wallonia | 1,300 m² | 1 · 112 m² | 9.0 m · 2 fl. |
| 62067D0014/00M000 | Wallonia | 1,248 m² | 1 · 62 m² | 9.2 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
32.53%
According to the 2023 annual accounts of MODINVEST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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LOGAN INVEST
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SOCIETE IMMOBILIERE DU BEGUINAGE
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Of 12,041 companies in sector 68203 we hold annual accounts for 6,005. 4,251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
47512Retail sale of household textiles and bedding
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452801146
Registered
29-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.