Modul - System
ActiveModul - System has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €919k and a net result of €106k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 79 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-7
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 4.75 against 3.0 in 2024; short-term debt: 20.4% and cash: 32.3% of total assets), and 21.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.6%
Return on assets
9.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
59 d early
2023
70 d early
2022
59 d early
2021
82 d early
2020
51 d early
2019
78 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€919k▲ 13.1%
2024 · €813k
2018: €576k
2019: €607k
2020: €698k
2021: €371k
2022: €444k
2023: €637k
2024: €813k
2018 → 2025
Total assets
€1.17M▼ 2.4%
2024 · €1.20M
2018: €891k
2019: €934k
2020: €949k
2021: €1.06M
2022: €1.02M
2023: €1.33M
2024: €1.20M
2018 → 2025
Net result
€106k▼ 39.5%
2024 · €176k
2018: €46k
2019: €30k
2020: €91k
2021: €73k
2022: €73k
2023: €193k
2024: €176k
2018 → 2025
Working capital
€894k▲ 17.3%
2024 · €762k
2018: €533k
2019: €527k
2020: €652k
2021: €313k
2022: €351k
2023: €549k
2024: €762k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€371k-€444k▲ 19.7%€637k▲ 43.3%€813k▲ 27.6%€919k▲ 13.1%
Operating result€111k-€109k▼ 2.1%€265k▲ 143%€243k▼ 8.1%€154k▼ 36.6%
Net result€73k-€73k▼ 0.5%€193k▲ 164%€176k▼ 8.7%€106k▼ 39.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€38k▼ 31.5%
Current assets
€1.13M▼ 1.0%
Equity and liabilities €1.17M
Equity
€919k▲ 13.1%
Debt
€250k▼ 35.0%
The debt ratio falls from 32.2% to 21.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€174k▼
2024 · €280k
Cash flow
€126k▼
2024 · €213k
Solvency
78.6%▲
2024 · 67.8%
Current ratio
4.75▲
2024 · 3.00
Quick ratio
3.50▲
2024 · 2.40
Debt / equity
0.27▼
2024 · 0.47
ROE
11.6%▼
2024 · 21.6%
ROA
9.1%▼
2024 · 14.7%
Interest coverage
101.76▼
2024 · 189.92
Debt
€250k▼
2024 · €385k
Debt ≤ 1 year
€238k▼
2024 · €381k
Income taxes
€46k▼
2024 · €66k
Staff costs
€638k▲
2024 · €625k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.17M▼
Fixed assets21/28€55k€38k▼
Tangible fixed assets22/27€55k€37k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€24k€11k▼
Other tangible fixed assets26€26k€23k▼
Financial fixed assets28€500€500=
Current assets29/58€1.14M€1.13M▼
Stocks and contracts in progress3€229k€298k▲
Stocks30/36€229k€298k▲
Amounts receivable within one year40/41€385k€433k▲
Trade receivables40€385k€433k▲
Cash at bank and in hand54/58€512k€378k▼
Deferred charges and accrued income490/1€17k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.17M▼
Equity10/15€813k€919k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€751k€857k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€745k€851k▲
Amounts payable17/49€385k€250k▼
Amounts payable within one year42/48€381k€238k▼
Trade debts44€87k€64k▼
Suppliers440/4€87k€64k▼
Taxes, remuneration and social security45€294k€174k▼
Taxes450/3€184k€70k▼
Remuneration and social security454/9€110k€105k▼
Accrued charges and deferred income492/3€4k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€625k€638k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51k€-25k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€960k€791k▼
Operating profit (loss)9901€243k€154k▼
Financial income75/76B€128€36▼
Recurring financial income75€128€36▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€242k€152k▼
Income taxes67/77€66k€46k▼
Profit (loss) for the period9904€176k€106k▼
Profit (loss) for the period to be appropriated9905€176k€106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€106k▼
Transfer to equity691/2€176k€106k▼
To other reserves6921€176k€106k▼
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €193k ▲164%
Operating result €265k, net result €193k, both a record.
31-12
Financial
Equity above €500kEq €637k ▲43.3%
6 profitable years in a row build equity to €637k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €30k ▼34.4%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Mechelen · 1 establishment unit since 2001
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.
Wayenborgstraat 152800 MechelenGround area
3,622 m²
Building footprint
600 m²
Volume, LiDAR
4,475 m³
Parcel 12402A0077/00F002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MODUL SYSTEM
since 20012.075.473.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0077/00F002 | Flanders | 3,622 m² | 1 · 600 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERVICE PARTS FOR AUTOMATIVE
BE 0464.039.684
Quaregnon · Eq €1.11M
EURO GLASS CENTER
BE 0874.273.668
Fleurus · Eq €759k
SPARK ENGINES
BE 0875.864.270
Oostende · Eq €740k
SCHEDL AUTOMOTIVE SYSTEM SERVICE
BE 0459.658.452
Bredene · Eq €734k
DQN.
BE 0424.152.888
Kontich · Eq €1.17M
Of 195 companies in sector 29320 we hold annual accounts for 124. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-01-1996
Fiscal year end31-12
Activities, NACEBEL
29320Manufacture of motor vehicles, trailers and semi-trailers
34300
45310
46720Wholesale of motor vehicle parts and accessories
50301
31001Manufacture of furniture
36121
36122
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.