Losses
-€38,150 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Modoru
Lifetime
3 annual accounts with figures on one time axispeak €127,023 (2024)
€65,659▼ 48.3%
lowest -€28,560 (2025)
-€28,560▼ €18,970
peak €79,327 (2023)
€41,177▼ 41.0%
€61,388▲ 35.8%
Board3 names since 2023
2 directorsAhmad Reza Safi and 1 other
Owners
100%SUM SUM
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €127,023 to €65,659Loss of €28,560Registered office moved within Antwerp 09-10Equity from €69,737 to €41,177Debts from €45,220 to €61,388Cash from €16,431 to €7,318
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The micro format states no turnover.
Liquidity
0.92 was 1.37 in 2024
Short-term debts rose from €45,220 to €61,388.
Filings
3 annual accounts 1 late
The 2023 accounts came 61 days late. The other two were filed on time.
Starting capital
€75,000 1,200 shares
Position in the sector
-€28,560
Lower net result than 91% of companies in food and beverage service. Sector median €4,882 · 17,121 companies.
Checked score
34
Weak
Financially stronger than 27% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.6%● unchanged vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.6%● unchanged vs 02-2025
04-2025: 4.1%▲ +0.5 percentage points vs 03-2025
05-2025: 4.4%▲ +0.3 percentage points vs 04-2025
06-2025: 4.4%● unchanged vs 05-2025
07-2025: 4.0%▼ -0.4 percentage points vs 06-2025
08-2025: 4.0%● unchanged vs 07-2025
09-2025: 2.9%▼ -1.1 percentage points vs 08-2025lowest value
10-2025: 2.9%● unchanged vs 09-2025lowest value
11-2025: 4.0%▲ +1.1 percentage points vs 10-2025
12-2025: 4.0%● unchanged vs 11-2025
01-2026: 4.0%● unchanged vs 12-2025
02-2026: 4.0%● unchanged vs 01-2026
03-2026: 4.0%● unchanged vs 02-2026
04-2026: 4.5%▲ +0.5 percentage points vs 03-2026
05-2026: 5.1%▲ +0.6 percentage points vs 04-2026
06-2026: 5.1%● unchanged vs 05-2026
07-2026: 5.1%● unchanged vs 06-2026
08-2026: 7.3%▲ +2.2 percentage points vs 07-2026highest value
09-2026: 7.3%● unchanged vs 08-2026highest value
10-2026: 6.8%▼ -0.5 percentage points vs 09-2026
11-2026: 6.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2023
1 change of registered office in 24 months
1 of the last 3 accounts late
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 56, micro). It does better than 59% of them on solvency, 23% on liquidity, 8% on profitability and 17% on growth.
The bankruptcy probability was computed on 07-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 3,223 companies had the same profile as Modoru has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Modoru itself is higher: 6.8% within 12 months. It rests on far more data about Modoru 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.
| 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 3,223 companies, not a prediction for Modoru. 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 €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.92 (1.37 in 2024), below 1. Short-term debt is 59.9% and cash 7.1% of total assets. 59.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€28,560
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
16 days early
2024
35 days early
2023
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 3 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 15 July (3 of the last 3 accounts filed within 78 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from FUGU SUSHI to MODORU
Registered office moved within Antwerp · New registered office: Volkstraat 65, 2000 Antwerpen · Previous registered office: Groenenborgerlaan 224, 2610 Antwerpen · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797657130
Registered office moved within Antwerp
New registered office: Groenenborglaan 224, 2610 Antwerpen · Previous registered office: Marnixplaats 14, 2000 Antwerpen · Resignation: BV SUM SUM (director) · General meeting of 01-05-2025 · Gazette deed
Registered office moved from Edegem to Antwerp
New registered office: Marnixplaats 14, 2000 Antwerpen · Previous registered office: Mussenburglei 63, 2650 Edegem, België · Permanent representative: Raphaël Helsmoortel · Board meeting of 26-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Modoru Antwerp | €102,565 | €65,659 | 40.1% | - |
| BALOO Antwerp | €91,710 | €75,007 | 40.7% | - |
| PM Nijlen | €90,110 | €68,764 | 59.2% | - |
| LES FILLES Knokke-Heist | €102,437 | €76,342 | 5.5% | - |
| So Maribel Schaerbeek | €108,316 | €59,257 | 55.4% | - |
| STOEMP Tongeren-Borgloon | €90,820 | €63,186 | 42.0% | - |
| 'T SCHUURKEN Hamme (Vl.) | €107,765 | €69,629 | 27.1% | - |
These companies have the same main activity as Modoru: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €90,100 and €108,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 26-01-2023Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.341.082.9242000 Antwerp, since 26-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €102,565▼ 10.8%
- Employeeson 31-12-2025
- 5▼ 16.7%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on Modoru
Modoru files the micro format. That format states no turnover. The gross margin fell from €114,811 in 2023 to €65,659 in 2025.
SUM SUM holds all the shares.
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 Modoru
- What is the company number of Modoru?
- The company number of Modoru is 0797.657.130. The VAT number is the same number with BE in front: BE 0797.657.130.
- Where is Modoru based?
- The registered office is at Volkstraat 65, 2000 Antwerp.Company details
- What does Modoru do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Modoru?
- Modoru is a private limited company (BV).
- When was Modoru founded?
- Modoru was founded on 26-01-2023.
- Is Modoru still active?
- Yes, Modoru is an active enterprise in the KBO register.
- How many employees does Modoru have?
- Modoru had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Modoru?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €65,659 and 72 comparable companies (NACE 56111). It probably lies between €180,000 and €280,000.
- Is Modoru profitable?
- In financial year 2025, Modoru made a loss of €28,560.
- Where can I find the annual accounts of Modoru?
- Modoru filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Modoru due?
- Modoru must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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