Modoru
Annual accounts 2025
micro format, filed on 15-07-2026, 16 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €180,000 and €280,000.
Balance sheet
balance sheet total €102,565 on 31-12-2025in euro
in euro
Position in the sector
40.1%
Higher than 59% of 17,145 companies in 2025.
0.92
Higher than 43% of 16,571 companies in 2025.
-27.8%
Higher than 12% of 16,654 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€25,927
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
102,565 | 114,957 | 153,056 | |
21/28 |
46,313 | 52,813 | 59,313 | |
21 |
46,313 | 52,813 | 59,313 | |
29/58 |
56,252 | 62,144 | 93,743 | |
3 |
1,044 | 1,558 | 1,558 | |
30/36 |
1,044 | 1,558 | 1,558 | |
40/41 |
47,890 | 44,155 | 57,290 | |
40 |
- | - | 15,134 | |
41 |
47,890 | 44,155 | 42,155 | |
54/58 |
7,318 | 16,431 | 34,895 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
102,565 | 114,957 | 153,056 | |
10/15 |
41,177 | 69,737 | 79,327 | |
10/11 |
75,000 | 75,000 | 75,000 | |
13 |
4,000 | 4,000 | 4,000 | |
133 |
4,000 | 4,000 | 4,000 | |
14 |
-37,823 | -9,263 | 327 | |
17/49 |
61,388 | 45,220 | 73,729 | |
42/48 |
61,388 | 45,220 | 73,729 | |
44 |
27,037 | 15,584 | 57,111 | |
440/4 |
27,037 | 15,584 | 57,111 | |
45 |
6,201 | 9,486 | 16,533 | |
450/3 |
1,722 | 2,825 | 4,680 | |
454/9 |
4,480 | 6,661 | 11,852 | |
47/48 |
28,150 | 20,150 | 85 | |
| Income statement | ||||
9900 |
65,659 | 127,023 | 114,811 | |
62 |
82,967 | 127,607 | 101,344 | |
630 |
6,500 | 6,500 | 5,687 | |
640/8 |
4,394 | 1,980 | 1,569 | |
9901 |
-28,202 | -9,064 | 6,210 | |
75/76B |
0 | 25 | - | |
75 |
0 | 25 | - | |
65/66B |
358 | 550 | 200 | |
65 |
358 | 550 | 200 | |
9903 |
-28,560 | -9,590 | 6,011 | |
67/77 |
- | - | 1,684 | |
9904 |
-28,560 | -9,590 | 4,327 | |
9905 |
-28,560 | -9,590 | 4,327 | |
| Appropriation of the result | ||||
9906 |
-37,823 | -9,263 | 4,327 | |
14P |
-9,263 | 327 | - | |
691/2 |
- | - | 4,000 | |
6921 |
- | - | 4,000 | |
| Social balance sheet | ||||
9087 |
3.2 | 2.8 | 2.8 | |
Hours worked1013 |
4,221 | 4,526 | 4,526 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -21,702 | -2,564 | 11,898 | ||
| -22,060 | -3,090 | 10,014 | ||
| 0 | 0 | 65,000 | ||
| -9,113 | -18,464 | - | ||
| -5,136 | 16,924 | 20,014 | ||
| 40.1% | 60.7% | 51.8% | ||
| 0.92 | 1.37 | 1.27 | ||
| 0.90 | 1.34 | 1.25 | ||
| 1.49 | 0.65 | 0.93 | ||
| -69.4% | -13.8% | 5.5% | ||
| -27.8% | -8.3% | 2.8% | ||
| -60.61 | -4.66 | 59.63 |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 6 | 6 |
| full-time | 4 | 3 | 3 |
| part-time | 1 | 3 | 3 |
| in full-time equivalents | 4.5 | 3.3 | 3.3 |
| 3.2 | 2.8 | 2.8 | |
| On a permanent contract | - | 2 | 2 |
| Joined | - | - | 34 |
| Left | - | - | 28 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Intangible fixed assets | - | - | €65,000 |
| €6,500 | €6,500 | €5,687 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Modoru
The operating result for 2025 is a loss of €28,202, larger than the loss of €9,064 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 39.3% to 59.9%. Equity is lower and debt is higher.