Equity
-€35,998
Debts exceed assets in financial year 2025.
Modjl
Lifetime
6 annual accounts with figures on one time axispeak €7,650 (2022)
-€2,509▼ €1,959
lowest -€15,766 (2023)
-€9,454▼ €1,733
peak €4,930 (2020)
-€35,998▼ €9,454
€59,039▲ 1.0%
Board2 names since 2019
2 directorsJens VAN HAVERMAET and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€551 to -€2,509Loss of €9,454Registered office moved within Antwerp 22-01Equity from -€26,545 to -€35,998Cash from €3,079 to €189
Key points
from the 2025 annual accountsLosses
-€32,940 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€59,039 256% of the balance sheet
Financial debts 27%Suppliers 1%Taxes and wages 0%Other 72%
Of this, €42,904 falls due within a year.
2025 accounts filed 28 days after the deadlineTurnover not published (micro format)
Checked score
50
Fair
Financially stronger than 7% of micro companies in textiles (NACE 13)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 496 companies (NACE 13, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%lowest value
01-2025: 0.9%▲ +0.1 percentage points vs 12-2024
02-2025: 2.0%▲ +1.1 percentage points vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 2.0%● unchanged vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 2.1%▲ +0.1 percentage points vs 06-2025
08-2025: 2.7%▲ +0.6 percentage points vs 07-2025
09-2025: 2.3%▼ -0.4 percentage points vs 08-2025
10-2025: 2.3%● unchanged vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.1 percentage points vs 03-2026
05-2026: 2.3%▼ -0.1 percentage points vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 2.5%▼ -0.3 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€35,998
lowers risk
Size: total assets €23,041
Sector: Manufacture of textiles (NACE 13)
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 13, micro). It does better than 5% of them on solvency, 3% on liquidity, 6% on profitability and 13% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as Modjl has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Modjl itself: 2.5% within 12 months.
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 6,008 companies, not a prediction for Modjl. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.08 (0.18 in 2024), below 1. Short-term debt is 186.2% and cash 0.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€35,998
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
28 days late
2024
31 days late
2023
30 days late
2022
31 days late
2021
26 days late
2020
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 26 days after the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Jens VAN HAVERMAET founderdeed of 03-06-2019
- Stijn HELSEN founderdeed of 03-06-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0727641144
Registered office moved within Antwerp
New registered office: Roemer Visscherstraat 17 2050 Antwerpen · Previous registered office: Meirbrug 1 bus 5-78-2000 Antwerpen · Gazette deed
Incorporation
Founders: Jens VAN HAVERMAET and Stijn HELSEN · Appointments: Jens VAN HAVERMAET (director) and Stijn HELSEN (director) · Founder: Jens VAN HAVERMAET (comparant) · published on 03-06-2019 · Gazette deed
First establishment
Roemer Visscherstraat 17, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Modjl Antwerp | €23,041 | -€2,509 | -156.2% | - |
| KARLEROI HERITAGE Charleroi | €27,577 | -€6,026 | -635.1% | - |
| TS ART Forest | €44,999 | €2,453 | -180.4% | - |
| Little Steps VD Lille | €68,968 | -€17,800 | -71.5% | - |
| 1-2 PROTECT Ixelles | €16,947 | €4,614 | -96.9% | - |
| Les Retouches d'Angélique Verviers | €21,023 | €6,828 | 68.9% | - |
| VFMS Roeselare | €58,315 | -€2,010 | 99.6% | - |
These companies have the same main activity as Modjl: manufacture of textiles (NACE 13929). They are comparable in size and age: total assets between €16,900 and €69,000, founded between 2008 and 2024.
Official details
Source: KBO- Status
- Active since 29-05-2019Normal situation
- Activity
- Manufacture of textilesNACE 13929and 1 other
- Establishment unit
- 2.290.329.9502050 Antwerp, since 29-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-02-2026
Insights on Modjl
Modjl files the micro format. That format states no turnover. The gross margin fell from €349 in 2020 to -€2,509 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 Modjl
- What is the company number of Modjl?
- The company number of Modjl is 0727.641.144. The VAT number is the same number with BE in front: BE 0727.641.144.
- Where is Modjl based?
- The registered office is at Roemer Visscherstraat 17, 2050 Antwerp.Company details
- What does Modjl do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13929).
- What is the legal form of Modjl?
- Modjl is a private limited company (BV).
- When was Modjl founded?
- Modjl was founded on 29-05-2019.
- Is Modjl still active?
- Yes, Modjl is an active enterprise in the KBO register.
- What is the turnover of Modjl?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Modjl profitable?
- In financial year 2025, Modjl made a loss of €9,454.
- Where can I find the annual accounts of Modjl?
- Modjl filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Modjl due?
- Modjl must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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