MODS

Open bankruptcy

Public limited companyfounded 2018Henri-Joseph Genessestraat 34, 1070 Anderlecht, BelgiumKBO/BCE: BE 0713.933.460

A bankruptcy procedure is open for MODS according to publications in the Belgian State Gazette; curator: SOPHIE VANHOMWEGEN. The 2024 annual accounts show equity of €136k and a net result of €25k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2465 sector peers (2024).

NBB · sector comparison

Position among 2465 sector peers

Solvency

better than 23%

← weakest strongest →

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

68 d late

2022

30 d late

2021

29 d late

2020

16 d late

2019

45 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€136k▲ 22.2%

2023 · €111k

2019: €39k 2020: €-5k 2021: €36k 2022: €82k 2023: €111k

2019 → 2024

Total assets

€1.11M▲ 180%

2023 · €398k

2019: €189k 2020: €128k 2021: €174k 2022: €207k 2023: €398k

2019 → 2024

Net result

€25k▼ 16.7%

2023 · €30k

2019: €-188k 2020: €-61k 2021: €50k 2022: €45k 2023: €30k

2019 → 2024

Working capital

€-148k

2023 · €110k

2019: €-11k 2020: €-19k 2021: €59k 2022: €85k 2023: €110k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-5k-€36k€82k▲ 125%€111k▲ 36.4%€136k▲ 22.2%

Operating result€-65k-€45k€40k▼ 11.5%€32k▼ 19.0%€47k▲ 43.8%

Net result€-61k-€50k€45k▼ 9.7%€30k▼ 34.1%€25k▼ 16.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 44% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.11M

29.4%

70.6%

Fixed assets €327k▲ 430%

Current assets €785k▲ 134%

Equity and liabilities €1.11M

12.2%

87.8%

Equity €136k▲ 22.2%

Debt €976k▲ 241%

The debt ratio rises from 72.0% to 87.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€59k▲

2023 · €46k

Cash flow

€38k▼

2023 · €44k

Solvency

12.2%▼

2023 · 28.0%

Current ratio

0.84▼

2023 · 1.49

Quick ratio

0.46▼

2023 · 0.76

Debt / equity

7.17▲

2023 · 2.57

ROE

18.2%▼

2023 · 26.7%

ROA

2.2%▼

2023 · 7.5%

Interest coverage

2.72▼

2023 · 17.26

Debt

€976k▲

2023 · €286k

Debt ≤ 1 year

€933k▲

2023 · €226k

Debt > 1 year

€42k▼

2023 · €60k

Staff costs

€168k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€398k€1.11M▲

Fixed assets21/28€62k€327k▲

Intangible fixed assets21€62k€58k▼

Tangible fixed assets22/27-€259k

Plant, machinery and equipment23-€11k

Other tangible fixed assets26-€248k

Financial fixed assets28-€10k

Current assets29/58€336k€785k▲

Stocks and contracts in progress3€165k€358k▲

Stocks30/36€165k€358k▲

Amounts receivable within one year40/41€171k€412k▲

Trade receivables40€171k€390k▲

Other amounts receivable41-€22k

Cash at bank and in hand54/58€724€12k▲

Deferred charges and accrued income490/1-€4k

Equity and liabilities

Total equity and liabilities10/49€398k€1.11M▲

Equity10/15€111k€136k▲

Contributions10/11€235k€235k=

Capital10€235k€235k=

Issued capital100€235k€235k=

Profit (loss) carried forward14€-124k€-99k▲

Amounts payable17/49€286k€976k▲

Amounts payable after more than one year17€60k€42k▼

Financial debts170/4€60k€42k▼

Amounts payable within one year42/48€226k€933k▲

Current portion of amounts payable after more than one year42€20k€668k▲

Trade debts44€189k€252k▲

Suppliers440/4€189k€252k▲

Taxes, remuneration and social security45€11k€13k▲

Taxes450/3€11k€13k▲

Other amounts payable47/48€6k€450▼

Accrued charges and deferred income492/3€864€866▲

Income statement Code20232024

Remuneration, social security and pensions62-€168k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼

Other operating charges640/8€384€387▲

Gross operating margin9900€47k€228k▲

Operating profit (loss)9901€32k€47k▲

Financial charges65/66B€3k€22k▲

Recurring financial charges65€3k€22k▲

Profit (loss) for the period before taxes9903€30k€25k▼

Profit (loss) for the period9904€30k€25k▼

Profit (loss) for the period to be appropriated9905€30k€25k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-124k€-99k▲

Profit (loss) brought forward from the previous period14P€-154k€-124k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Signals 1Financial 3Filings 6

2026

10-02

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SA MODS RUE HENRI-JOSEPH GENESSE 34, 1070 ANDERLECHT · event 02-02-2026

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

31-12

Financial Equity above €100kEq €111k ▲36.4%

3 profitable years in a row build equity to €111k.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

31-12

Financial Back to profitnet €50k

Net result €50k after 2 loss-making years.

31-12

Financial Liquidity times 24current ratio 2.58

Current ratio from 0.11 to 2.58.

16-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 16 days late

2020

14-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 45 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Anderlecht · 1 establishment unit since 2018

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Henri-Joseph Genessestraat 341070 Anderlecht

Ground area

1.2 ha

Building footprint

3,125 m²

Volume, LiDAR

22,913 m³

Parcel 21306D0279/00B002, Brussels · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MODS

Henri-Joseph Genessestraat 34, 1070 AnderlechtManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20182.282.986.357

1 parcel

Brussels 1 (100%)