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MODRICOM

Active
Private limited company·Overige zakelijke dienstverlening, neg· 10 yrs active
Brusselsesteenweg 55 ·3020 Herent, Belgium
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BE 0649.637.308
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Turnover
EBIT margin
Net result€66k+135.0%
Working capital€-366k-286.2%
Directors2
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Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 04-11-2025 with the NBB · fiscal year 2024 · verkort
€-50k€0€50k€100kOperating result 2018: €13k€13kNet result 2018: €-4k€-4kOperating result 2019: €-11k€-11kNet result 2019: €-17k€-17kOperating result 2020: €57k€57kNet result 2020: €28k€28kOperating result 2021: €92k€92kNet result 2021: €66k€66k2018201920202021
Operating resultNet result
EBITDA
€176k
+202.6% 18–21
Net profit
€66k
+135.0% 18–21
Cash flow
€150k
+416.4% 18–21
Total assets
€930k
+261.8% 18–21
Equity
€106k
+162.8% 18–21
Working capital
€-366k
-286.2% 18–21
Staff costs
€55
18–21
Income taxes
€15k
+47.1% 18–21
Debt
€824k
+280.3% 18–21
Debt ≤ 1y
€444k
+345.0% 18–21
Debt > 1y
€379k
+224.9% 18–21
Current ratio
0.18
+249.4% 18–21
Quick ratio
0.12
+137.6% 18–21
Solvency
11.4%
-27.4% 18–21
Debt / equity
7.77
+168.5% 18–21
ROE
61.9%
-10.6% 18–21
ROA
7.1%
-35.1% 18–21
Interest coverage
15.10
18–21
Figures by fiscal year
Fiscal year2021
Revenue
EBITDA€176k
Net profit€66k
Cash flow€150k
Staff costs€55
Income taxes€15k
Dividends
Total assets€930k
Equity€106k
Debt€824k
of which ≤ 1y€444k
of which > 1y€379k
Working capital€-366k
Employees (FTE)
Ratios (computed)
2021
Current ratio0.18
Quick ratio0.12
Working capital ratio-39.4%
Solvency11.4%
Debt / equity7.77
Long-term debt ratio3.58
Interest coverage15.10
Gross margin
Net margin
ROA7.1%
ROE61.9%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet — Assets
TOTAL ASSETS 20/58€930k
Fixed assets 21/28€851k
Tangible fixed assets 22/27€601k
Financial fixed assets 28€250k
Current assets 29/58€78k
Stocks & contracts in progress 3€25k
Amounts receivable within one year 40/41€30k
Cash & bank 54/58€22k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€930k
Equity 10/15€106k
Contributions / capital 10/11€12k
Reserves 13€94k
Amounts payable 17/49€824k
Amounts payable after one year 17€379k
Amounts payable within one year 42/48€444k
Trade debts payable within one year 44€25k
Income statement
Gross operating margin 9900€184k
Operating result 9901€92k
Financial income 75€1
Financial charges 65€12k
Result before taxes 9903€80k
Income taxes 67/77€15k
Net result for the period 9904€66k
Result to be appropriated 9905€66k
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Ratios computed by Checked.

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FY 2021 · computed
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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.