MODO
ActiveSummary
MODO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,854 and a net result of €21,854. Its solvency ranks better than 60% of 16,785 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €26,854
- Profit
- €21,854
Why 68raises riskSector: Food and beverage service activities (NACE 56)Founded in 2024Size: total assets €64,484lowers riskLiquidity: current ratio 1.61, cash €54,859Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 61% on solvency, 74% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Jim Denayer (director)Power of attorney
- IncorporationAppointments: Waldo MARLIER (director) and…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.8% |
| 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 74.5% 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 11,280 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €547 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €502 |
| Gross operating margin9900 | €31,422 |
| Operating profit (loss)9901 | €30,374 |
| Financial income75/76B | €13 |
| Recurring financial income75 | €13 |
| Financial charges65/66B | €62 |
| Recurring financial charges65 | €62 |
| Profit (loss) for the period before taxes9903 | €30,324 |
| Income taxes67/77 | €8,470 |
| Profit (loss) for the period9904 | €21,854 |
| Profit (loss) for the period to be appropriated9905 | €21,854 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €64,484 | |
| Fixed assets21/28 | €3,990 | |
| Tangible fixed assets22/27 | €3,990 | |
| Plant, machinery and equipment23 | €3,990 | |
| Current assets29/58 | €60,494 | |
| Stocks and contracts in progress3 | €5,000 | |
| Stocks30/36 | €5,000 | |
| Amounts receivable within one year40/41 | €635 | |
| Trade receivables40 | €603 | |
| Other amounts receivable41 | €31 | |
| Cash at bank and in hand54/58 | €54,859 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €64,484 | |
| Equity10/15 | €26,854 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €21,854 | |
| Distributable reserves133 | €21,854 | |
| Amounts payable17/49 | €37,630 | |
| Amounts payable within one year42/48 | €37,630 | |
| Trade debts44 | €4,374 | |
| Suppliers440/4 | €4,374 | |
| Taxes, remuneration and social security45 | €16,636 | |
| Taxes450/3 | €16,636 | |
| Other amounts payable47/48 | €16,619 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €21,854 |
| + Depreciation and write-downs630 | €502 |
| Operating cash flow (approximation) | €22,356 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00209604 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Jens WOUTERS |
|
| Waldo MARLIER |
|
| Jim Denayer |
|
Owners and capital
Capital and shareholders
- Waldo MARLIER 60 shares (50%) · €2,500
- Jens WOUTERS 60 shares (50%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-11-2024 Incorporation · €5,000 · 120 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-01
Gazette deed
Appointment: Jim Denayer (director)Power of attorney3 facts ▸
- General meeting, 20-12-2024
- Director appointment, Jim Denayer (director (not named in the articles))
- Power of attorney, BV Van Cauwenbergh Accountancy & Tax
08-11
Gazette deed
IncorporationAppointments: Waldo MARLIER (director) and Jens WOUTERS (director) · Founder · Founding capital10 facts ▸
- Incorporation, 06-11-2024
- Founder, Waldo MARLIER
- Founder, Jens WOUTERS
- Founding capital, €5,000
- Capital
- Registered office clause, “1600 Sint-Pieters-Leeuw,Rink 47” (deed in Dutch)
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, Waldo MARLIER (director (not named in the articles))
- Director appointment, Jens WOUTERS (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23583I0100/00K002 | Flanders | 432 m² | 1 · 221 m² | 9.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De uitbating van één of meerdere horecazaken; Het voor eigen rekening aanleggen,het oordeelkundig uitbouwen en beheren van een roerend…” (deed in Dutch)
7 activities (deed in Dutch)
- De uitbating van één of meerdere horecazaken.
- Het voor eigen rekening aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen.
- Het beheer van en de handel in onroerende goederen voor eigen rekening.Zo kan de vennootschap onroerende goederen bouwen,renoveren,kopen en verkopen,huren en verhuren en alle mogelijke onroerende handelingen verrichten die daarmee verband houden.
- De vennootschap kan als waarborg voor eigen verbintenissen en voor verbintenissen van derden borg staan,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken.
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MODO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, één of meer bestuurders” (deed in Dutch)“Algemene kosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, vruchtgebruiker en blote eigenaar afzonderlijk ingeschreven met vermelding rechten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid aantal bij meer kopers, elke overdracht onder levenden ten bezwarende of kosteloze…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 17:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)