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Modul - System

Active Public limited companyfounded 1996active for 30 yearsWayenborgstraat 15, 2800 MechelenKBO/BCE: BE 0457.057.466 subsidiary of Carl Bennet AB
Modul - System
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Overview

Lifetime

20 annual accounts with figures on one time axis, 30 filings since 1996
peak €959,718 (2024)
€791,400▼ 17.5%
lowest -€33,986 (2009)
€106,367▼ 39.5%
peak €919,278 (2025)
€919,278▲ 13.1%
€250,312▼ 35.0%
peak 7.3 FTE (2008)
5 FTEunchanged
Board6 names since 2018
1 directorMickelson Uno Rickard David
Owners
consolidatesCarl Bennet AB
Documentsfilings and deeds
28-05-202664 days before the deadline
2025abbreviated format
Gross margin from €959,718 to €791,400Result from €175,812 to €106,367Appointment: Kathleen Smets (day-to-day manager) 24-07Change of role: UnoRickardDavidMICKELSON, from director to so… 15-052 directors reappointed, 1 statutory auditor reappointed 21-01Equity from €812,911 to €919,278

Key points

from the 2025 annual accounts

Equity

€919,278 ▲ 13.1%

Modul - System has made a profit without a break since 2014.

Result

€106,367 ▼ 39.5%
€176,0002024€106,0002025

The result fell in 2025 from €175,812 to €106,367.

Turnover

≈ €1.9m estimated

The abbreviated format states no turnover.

Staff

5 FTE from 7.3 in 2008

Between 2008 and 2025, 32% of the full-time equivalents disappeared.

Liquidity

4.75 was 3.00 in 2024

Short-term debts fell from €381,194 to €238,312.

Filings

30 annual accounts since 1996
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 59 to 82 days before the end of the period.

Checked score

97
Excellent
Financially stronger than 77% of micro companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 228 companies (NACE 29, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100+7equity 78.6% of total assets
84-2short-term debt 20.4% · cash 32.3%
80-7return on assets 9.1%

Score breakdown

lowers risk
Liquidity: current ratio 4.75, cash €377,935
Equity €919,278 (78.6% of total assets)
Founded in 1996
Size: 5 FTE, total assets €1.2m
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 29, micro). It does better than 91% of them on solvency, 84% on liquidity, 67% on profitability and 64% on growth.

The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as Modul - System has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Modul - System itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for Modul - System. 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 €85,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.75 (3.0 in 2024), above the usual 1.5. Short-term debt is 20.4% and cash 32.3% of total assets. 21.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 4.75, cash €377,935
NBB · annual accounts
lowers risk · Equity €919,278 (78.6% of total assets)
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: 5 FTE, total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
64 days early
2024
59 days early
2023
70 days early
2022
59 days early
2021
82 days early
2020
51 days early
2019
78 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 66 days before the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% 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 28 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MU
Mickelson Uno Rickard David
Managing director
KS
Kathleen Smets
Daily manager
VB
VCLJ BEDRIJFSREVISOREN
Auditor, Lieve Mertens
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0457057466
Appointment: Kathleen Smets (day-to-day manager) Board meeting of 03-06-2025 · Gazette deed
Change of role: UnoRickardDavidMICKELSON, from director to sole director Resignation: ThomasJOHANSSON (director) · A shareholder holds all the shares · General meeting of 13-05-2025 · Gazette deed
2 directors reappointed, 1 statutory auditor reappointed Johansson Thomas, Mickelson Uno Rickard David (managing director) and VCLJ BEDRIJFSREVISOREN BV (statutory auditor) · General meeting of 13-05-2024 · Gazette deed
All 43 events

Comparable companies

same main activity, similar in size and age
Company
Modul - System Mechelen €1.2m €0.8m 78.6% 5
Hydra Parts Lummen €1.5m €1.3m 87.1% 5
DQN. Kontich €1.4m €0.8m 80.8% 8
CO-JOINT Liège €1.9m €0.8m 37.7% 9
LAKEWELL Heers €1.7m €0.4m 20.9% 3.5
EUROWHEEL Herenthout €3.2m €1.3m 85.9% 16.3
AMECAM Stavelot €2.0m €1.8m 25.7% 11.6

These companies have the same main activity as Modul - System: manufacture of other parts and accessories for motor vehicles (NACE 29320). They are comparable in size and age: total assets between €1.4m and €3.2m, founded between 1983 and 2002.

Official details

Source: KBO
Status
Active since 12-01-1996Normal situation
Activity
Manufacture of other parts and accessories for motor vehiclesNACE 29320and 2 others
Joint committee
149.04Metal trade · annual accounts 2025
Establishment unit
2.075.473.5642800 Mechelen, since 20-02-2001
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€791,400▼ 17.5%
€106,367▼ 39.5%
€919,278▲ 13.1%
€1.2m▼ 2.4%
Employeeson 31-12-2025
5=
Filing
Filed on 28-05-2026, 64 days before the end of the filing period
Financials

Insights on Modul - System

Modul - System files the abbreviated format. That format states no turnover. The gross margin rose from €425,941 in 2006 to €791,400 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 28-05-2026, 64 days before the deadline
€791,400
▼ 17.5%
€154,056
▼ 36.6%
€106,367
▼ 39.5%
€893,593
▲ 17.3%
78.6%
▲ 10.7 percentage points
4.75
▲ 1.75

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.1m and €3.2m.

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

78.6%

Higher than 80% of 97 companies in 2025.

4.75

Higher than 79% of 97 companies in 2025.

9.1%

Higher than 70% of 98 companies in 2025.

Modul - System Middle half of the sector 80% of the sector Abbreviated accounts in motor vehicles (NACE 29)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€127,540

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.2m1.2m1.3m1.0m1.1m949,114934,385891,248814,106682,896718,500690,830507,048616,896595,115580,554599,379730,905606,689515,117
21/28 37,68555,00391,71597,16862,52949,97082,34646,72859,8983,1461,5042,9271,5481,0781,0781,0785,1081,0786,0631,953
22/27 37,18554,50391,21596,66862,52949,50081,87646,25859,4282,6761,0341,378--------
23 3,5424,8426,5541,2672,6394,2335,8272,736887-----------
24 10,73823,67255,58895,40159,89045,26776,04943,52358,5402,6761,0341,378--------
26 22,90625,99029,074-----------------
28 50050050050004704704704704704701,5481,5481,0781,0781,0785,1081,0786,0631,953
29/58 1.1m1.1m1.2m924,116998,820899,144852,038844,520754,209679,750716,997687,904505,499615,818594,037579,476594,271729,826600,626513,163
3 297,818229,372205,610149,315108,748120,20470,75884,57092,16374,36881,87172,795110,544144,577179,105138,11186,305184,393157,986135,784
30/36 297,818229,372205,610149,315108,748120,20470,75884,57092,16374,36881,87172,795110,544144,577179,105138,11186,305184,393157,986135,784
40/41 433,162384,696615,424384,244242,073404,713575,846553,311460,608391,433416,884378,801217,282228,882260,566216,668291,518412,529307,038284,013
40 433,162384,696615,424384,244242,073404,191349,874325,006248,855191,433416,834378,751217,221216,820259,875212,133263,880386,203291,439252,619
41 ----0523225,973228,305211,753200,00050506112,0636914,53427,63826,32615,59931,394
54/58 377,935512,228408,324381,569635,217357,737197,885194,283195,703200,420211,438226,311177,660242,221154,365224,697216,448132,904135,60293,366
490/1 22,98916,80510,7238,98912,78216,4897,54912,3555,73513,5286,8039,99814138------
Balance sheet: equity and liabilities
10/49 1.2m1.2m1.3m1.0m1.1m949,114934,385891,248814,106682,896718,500690,830507,048616,896595,115580,554599,379730,905606,689515,117
10/15 919,278812,911637,099444,472371,411698,012606,572576,210529,894500,645459,946395,573384,012537,275521,189491,396479,341513,328474,146360,851
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 857,278750,911575,099382,472309,411636,012544,572514,210467,894438,645397,946333,573322,012475,275459,189429,396417,341451,328412,146298,851
130/1 6,2006,2006,2006,2006,2006,200--------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
133 851,078744,711568,899376,272303,211629,812538,372508,010461,694432,445391,746327,373315,812469,075452,989423,196411,141445,128405,946292,651
14 ---00---------------
16 ------------51,198-------
160/5 ------------51,198-------
17/49 250,312385,194694,698576,811689,938251,102327,813315,038284,213182,251258,554295,25771,83779,62173,92689,158120,038217,577132,543154,266
42/48 238,312381,194690,698572,811685,938247,102324,663311,888281,063173,257248,346285,25771,83779,62173,92689,158120,038217,577132,543154,266
44 63,87287,292403,623157,33691,60781,391244,303246,334174,06882,059162,328230,88034,18535,75841,84140,42881,754151,93581,45496,168
440/4 63,87287,292403,623157,33691,60781,391244,303246,334174,06882,059162,328230,88034,18535,75841,84140,42881,754151,93581,45496,168
45 174,440293,902287,075215,475194,331165,71080,33965,554106,99491,19886,01853,42836,70242,91331,13448,73038,28465,64239,37058,098
450/3 69,793183,956191,075129,028127,763109,21117,7177,09921,00028,98736,98518,2444,9125151737053758,45459-
454/9 104,646109,94696,00186,44766,56856,49962,62158,45585,99462,21149,03335,18431,78942,39930,96248,02537,90857,18839,31158,098
47/48 --0200,000400,000021----950950950950---11,719-
492/3 12,0004,0004,0004,0004,0004,0003,1503,1503,1508,99410,20810,000--------
Income statement
76A --014,822-7,763--------------
9900 791,400959,718904,082647,290630,608564,421525,993417,481463,975370,615429,128266,335356,174328,044345,262385,698363,720525,975552,655425,941
62 637,700625,295574,980525,537489,156411,095433,036375,670383,056300,124289,509292,278306,037309,126312,348371,071388,713462,253366,667373,236
630 19,65936,71242,79231,14824,87432,37628,76615,75715,240841345345--------
631/4 -24,71451,17118,444-21,6661,006-4,71419,441-44,34519,5761,91339,308----512-5,994-2,114655-1,536
635/8 ------------51,198-------
640/8 4,6993,4273,2573,2893,2267,3971,9846,1512,0291,6831,1664,6131,2391,3091,5987,8351,0852,4081,6311,361
66A ---01,013-------51,198----8,889---
9901 154,056243,114264,610108,982111,335118,26642,76664,24844,07566,05498,801-30,901-2,30117,60931,82812,786-23,96460,659184,35749,808
75/76B 361283,624738715,0058,6589,3108,0373566291512,6483,7141,5431,6501,3293,6801,3272,771
75 361283,6247387,2428,6589,3108,0373566291512,6483,7141,5431,6501,3293,6801,3272,771
76B ---03497,763--------------
65/66B 1,7071,4731,6164,4063,2461,4251,5262,3711,8893,0325,1503,4763,2313,0243,5792,3812,6795,0419,7968,418
65 1,7071,4731,6164,4063,2461,4251,5262,3711,8893,0325,1503,4763,2313,0243,5792,3812,6795,0419,7968,418
9903 152,384241,769266,618104,583108,476131,84649,89871,18650,22363,37894,28016,974-2,88418,29929,79312,055-34,20359,297175,88844,161
67/77 46,01765,95773,99231,52235,07640,40619,53624,86920,97422,67929,9075,4131292,213---21720,11562,59312,822
9904 106,367175,812192,62673,06173,39991,44030,36246,31629,24940,69964,37311,561-3,01316,08629,79312,055-33,98639,182113,29531,339
9905 106,367175,812192,62673,06173,39991,44030,36246,31629,24940,69964,37311,561-3,01316,08629,79312,055-33,98639,182113,29531,339
Appropriation of the result
9906 106,367175,812192,62673,06173,39991,44030,36246,31629,24940,69964,37311,561-3,01316,08629,79312,055-33,98639,182113,29531,339
791/2 ---0326,601-------153,263---33,986---
691/2 106,367175,812192,62673,061091,44030,36246,31629,24940,69964,37311,561-16,08629,79312,055-39,182113,29531,339
6921 106,367175,812192,62673,061091,44030,36246,31629,24940,69964,37311,561-16,08629,79312,055-39,182113,29531,339
694/7 ---0400,000-------150,250-------
694 ---0400,000-------150,250-------
Social balance sheet
9087 55554.84.84.4443.132.84.34.855.967.36.57.2
Hours worked1013 8,8558,9278,9838,8668,7187,6797,8897,2657,3565,5855,4495,1457,4658,1668,0879,50210,11112,12210,5649,871
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-05-2026 2026-00123534 PDF
31-12-2024 abbreviated format 02-06-2025 2025-00113054 PDF
31-12-2023 abbreviated format 22-05-2024 2024-00093409 PDF
31-12-2022 abbreviated format 02-06-2023 2023-00103569 PDF
31-12-2021 abbreviated format 10-05-2022 2022-20023811 PDF
31-12-2020 abbreviated format 10-06-2021 2021-19000566 PDF
31-12-2019 abbreviated format 14-05-2020 2020-12200049 PDF
31-12-2018 abbreviated format 14-05-2019 2019-13000312 PDF
31-12-2017 abbreviated format 29-05-2018 2018-15200555 PDF
31-12-2016 abbreviated format 09-05-2017 2017-11700145 PDF
31-12-2015 abbreviated format 20-05-2016 2016-12900354 PDF
31-12-2014 abbreviated format 02-06-2015 2015-14400512 PDF
31-12-2013 abbreviated format 14-02-2014 2014-03700580 PDF
31-12-2012 abbreviated format 14-05-2013 2013-11800510 PDF
31-12-2011 abbreviated format 15-05-2012 2012-11700235 PDF
31-12-2010 abbreviated format 10-05-2011 2011-10700365 PDF
31-12-2009 abbreviated format 04-06-2010 2010-16300460 PDF
31-12-2008 abbreviated format 12-05-2009 2009-14300359 PDF
31-12-2007 abbreviated format 14-05-2008 2008-14000308 PDF
31-12-2006 abbreviated format 27-06-2007 2007-29900161 PDF
31-12-2005 abbreviated format 10-05-2006 2006-13805116 PDF
31-12-2004 abbreviated format 17-05-2005 2005-15102453 PDF
31-12-2003 abbreviated format 12-05-2004 2004-14403008 PDF
31-12-2002 abbreviated format 27-05-2003 2003-17100383 PDF
31-12-2001 abbreviated format 14-05-2002 2002-12100024 PDF
31-12-2000 abbreviated format 15-05-2001 2001-12200289 PDF
31-12-1999 abbreviated format 08-06-2000 2000-18600180 PDF
31-12-1998 abbreviated format 08-06-1999 1999-15304064 PDF
31-12-1997 abbreviated format 22-06-1998 1998-20302831 PDF
31-12-1996 full format 06-06-1997 1997-12700883 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
173,714279,826307,402140,129136,209150,64271,53280,00559,31466,89599,146-30,556--------
126,026212,524235,418104,20998,273123,81759,12862,07344,48941,54064,71811,905--------
2,340037,33968,98446,916064,3842,58871,9912,483-1,0781,723470---4,030-4,110-
-134,293103,90426,756-253,648277,479159,8533,602-1,420-4,717-11,018-14,87348,651-64,56187,855-70,3328,24983,544-2,69842,235-
893,593761,908549,384351,305312,882652,042527,375532,632473,146506,493468,650402,646433,663536,197520,111490,318474,233512,249468,082358,898
78.6%67.8%47.8%43.5%35.0%73.5%64.9%64.7%65.1%73.3%64.0%57.3%75.7%87.1%87.6%84.6%80.0%70.2%78.2%70.1%
4.753.001.801.611.463.642.622.712.683.922.892.417.047.738.046.504.953.354.533.33
3.502.401.501.351.303.152.412.442.363.492.562.165.505.925.614.954.232.513.342.45
0.270.471.091.301.860.360.540.550.540.360.560.750.190.150.140.180.250.420.280.43
11.6%21.6%30.2%16.4%19.8%13.1%5.0%8.0%5.5%8.1%14.0%2.9%-0.8%3.0%5.7%2.5%-7.1%7.6%23.9%8.7%
9.1%14.7%14.5%7.2%6.9%9.6%3.2%5.2%3.6%6.0%9.0%1.7%-0.6%2.6%5.0%2.1%-5.7%5.4%18.7%6.1%
over 100over 100over 10031.8141.96---------------

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date55555
full-time55554
part-time00001
in full-time equivalents55554.8
55554.8
On a permanent contract55555

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€2,340-€37,339€68,484€46,916
Financial fixed assets€0--€500-
€19,659€36,712€42,792€31,148€24,874

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Modul - System

The operating result for 2025 is 37% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 32.2% to 21.4%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, 2 in day-to-day management, 1 auditor, last change in 2025
Mickelson Uno Rickard David
Director and managing director
director current term since 13-05-2025 managing director in office according to the deed of 10-09-2018
listed in the 2025 annual accounts, filed on 28-05-2026
Kathleen Smets
Day-to-day manager
appointed by deed of 24-07-2025 term without a fixed end
VCLJ BEDRIJFSREVISOREN
Statutory auditor, permanent representative Lieve Mertens
current term since 13-05-2024 term until 10-05-2027
listed in the 2025 annual accounts, filed on 28-05-2026
UnoRickardDavidMICKELSON
Sole director
appointed by deed of 15-05-2025 term without a fixed end
earlier director, until 15-05-2025
Mickelson Uno Rickard David, Kathleen Smets
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Algemene vertegenwoordigingsbevoegdheid In overeenstemming met de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door…”
deed of 21-01-2025

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
Mickelson Uno Rickard David
Director, Managing director and chair of the board
Kathleen Smets
Day-to-day manager
VCLJ BEDRIJFSREVISOREN
Statutory auditor
UnoRickardDavidMICKELSON
Sole director
ThomasJOHANSSON
Director
Johansson Thomas
Director
LeadershipBoardOther functionEarliermandate already running before its first mention
Mandates as a list
  • Mickelson Uno Rickard David
    • Director, since before 14-05-2018
    • Managing director and chair of the board, since before 14-05-2018
  • Kathleen Smets
    • Day-to-day manager, appointed by deed of 24-07-2025, still in office
  • VCLJ BEDRIJFSREVISOREN
    • Statutory auditor, appointed by deed of 10-09-2018, still in office
  • UnoRickardDavidMICKELSON
    • Sole director, from 14-05-2018 to date
    • Director, until 15-05-2025
  • ThomasJOHANSSON
    • Director, from 14-05-2018 to 15-05-2025
  • Johansson Thomas
    • Director, from before 14-05-2018 to 13-05-2025

See the board, name and registered office on a given date →

Control

Consolidating parent
Carl Bennet AB SE
Source: parent in own accounts 2025
consolidates
This company
Modul - System
Equity €919,278
Profit €106,367 in 2025

Capital

Capital
€62,000
Shares
1,000
Contribution per share
€62
Equity per share
€919 in 2025
Source
deed of 15-05-2025

Owners through the years

as the annual accounts name them
Carl Bennet AB SE
consolidates
consolidates
Owners as a list

Source: parent in its own accounts

Articles of association

deed of 15-05-2025 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
“rechtstreekse op onrechtstreekse wijze een tak van het doel van de vennootschap bevordert of ontwikkelt.Artikel 4. Duur De vennootschap…”

Network & group

Parent

Carl Bennet AB
Sweden

Connections & network

1 current director
Depth

The network starts from the directors of Modul - System. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

43 events since 1996

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0457057466
Annual accounts 2025 filed PDFabbreviated format · 64 days before the deadline
2025
Appointment: Kathleen Smets (day-to-day manager)Board meeting of 03-06-20253 points ▸
  • Board meeting, 03-06-2025
  • Power of attorney, Kathleen Smets
  • Director appointment, Kathleen Smets (day-to-day manager)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFabbreviated format · 59 days before the deadline
Change of role: UnoRickardDavidMICKELSON, from director to sole directorResignation: ThomasJOHANSSON (director) · A shareholder holds all the shares · General meeting of 13-05-20258 points ▸
  • Registered office clause, Wayenborgstraat 15, 2800 Mechelen
  • Power of attorney, MichielMAHIEU
  • General meeting, 13-05-2025
  • A shareholder holds all the shares
  • Director resignation, ThomasJOHANSSON
  • Director resignation, UnoRickardDavidMICKELSON
  • Director appointment, UnoRickardDavidMICKELSON (sole director)
  • Capital, €62,000, 1,000 shares
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2 directors reappointed, 1 statutory auditor reappointedJohansson Thomas, Mickelson Uno Rickard David (managing director) and VCLJ BEDRIJFSREVISOREN BV (statutory auditor) · General meeting of 13-05-20246 points ▸

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFabbreviated format · 70 days before the deadline
2023
Highest result from 2006 to 2025 net €192,626 ▲164% The operating result of €264,610 and the net result of €192,626 are both a record.
Annual accounts 2022 filed PDFabbreviated format · 59 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 82 days before the deadline
2021
Reappointment: VCLJ BEDRIJFSREVISOREN BV (statutory auditor)General meeting of 10-05-20212 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 51 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 78 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 78 days before the deadline
2018
1 statutory auditor appointed, 2 directors reappointedReappointments: Johansson Thomas and Mickelson Uno Rickard David (managing director and chair of the board) · Appointment: VCLJ BEDRIJFSREVISOREN BV ovve BVBA (statutory auditor) · Permanent representative: Lieve Mertens · General meeting of 19-07-20188 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFabbreviated format · 63 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 83 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 72 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 59 days before the deadline
2014
Back to profit net €11,561 The net result is €11,561, after one loss-making year.
Annual accounts 2013 filed PDFabbreviated format · 167 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 78 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 77 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 82 days before the deadline
2010
Back to profit net €12,055 The net result is €12,055, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 57 days before the deadline
2009
Weakest financial year net -€33,986 The net result drops to -€33,986, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 80 days before the deadline
2008
Equity above €500,000 equity €513,328 ▲8.3% With a profit in every financial year since 2006, equity grows to €513,328.
Annual accounts 2007 filed PDFabbreviated format · 78 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 34 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
First establishment MODUL SYSTEM, Wayenborgstraat 15, Mechelen
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFfull format
1996
Incorporation published on 09-02-1996

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 January 1996, Modul - System was incorporated.1 Total assets went from €891,248 in 2018 to €1.2m in 2025 and headcount from 4 to 5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0457.057.466
VAT number
BE 0457.057.466
Peppol ID
0208:0457057466
Legal form
Public limited company
Status
Active, normal situation
Founded
12-01-1996
Financial year
ends on 31 December
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Modul - System in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
“rechtstreekse op onrechtstreekse wijze een tak van het doel van de vennootschap bevordert of ontwikkelt.Artikel 4. Duur De vennootschap…”
deed of 15-05-2025 (in Dutch)

Activities

NACEBEL 2025
VAT activities
29320 Manufacture of other parts and accessories for motor vehicles main activity
31001 Manufacture of furniture
Social security (RSZ) activities
46720 Wholesale of motor vehicle parts and accessories main activity
Joint committees annual accounts 2025
JC 149.04 Metal trade
Codes under NACEBEL 2008
VAT activities
29320 Manufacture of motor vehicles, trailers and semi-trailers main activity
31010 Manufacture of furniture
Social security (RSZ) activities
45310 main activity
Codes under NACEBEL 2003
VAT activities
34300 main activity
36121
36122
Social security (RSZ) activities
50301 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Zowelinbinnen-alsinbuitenland,metbetrekkingtotutilitairewagens,bedrijfswagensenandere…”
9 activities
  1. Zowelinbinnen-alsinbuitenland,metbetrekkingtotutilitairewagens,bedrijfswagensenandere voertuigen,tevensmobieleateliersenwerkplaatsen,rollendmaterieel
  2. Deinstallatieingebouwen,magazijnen,bedrijfsgebouwenenanderebouwwerkenvanrekken,kastenenoverigeinstallaties
  3. Defabricatie,inrichting,assemblage,montering,ombouwing,verbouwingenherstellingvanuitrusting,carrosserie,onderdelen,afgewerkteproductenentoebehoren
  4. Deaankopenverkoopervan,zowelvooreigenrekeningalsvoorrekeningvanderden
  5. Alstussenpersoono ptreden
  6. Devertegenwoordiging,dedistributie,deagentuur
  7. Hetleverenvandiensten,inclusiefwerkendierechtstreeksofonrechtstreeksbetrekkinghebbenopvoormeldedoelstellingen
  8. DevennootschapmaginBelgiëeninhetbuitenlandallehandelingenstelleninderuimstezin,inzonderheidallecommerciële,industriële,financiële,roerendeenonroerende verrichtingendoendierechtstreeksofonrechtstreeks,geheelofgedeeltelijkinverbandstaanmethaarvennootschappelijkevoorwerp
  9. Devennootschapmageveneensadministratie veenexploitatiezetels,agentschappen,bijhuizenenkantorenvestigenenbelangenverwervendoorinbreng,fusieinschrijvingofomhet evenwelkeanderewijzeinalleondernemingen,verenigingenofvennootschappendie,geheelofgedeeltelijk,eengelijkwaardiganaloogofaanverwantdoelnastrevenofwaarvan debedrijvigheidoprechtstreekseoponrechtstreeksewijze eentakvanhetdoelvandevennootschapbevordertofontwikkelt
deed of 15-05-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
MODUL SYSTEM registered office Wayenborgstraat 15, 2800 Mechelen 4671301 Wholesale trade 20-02-2001 2.075.473.564

Buildings and parcels at the address

Ground area
3,622 m²
Buildings
600 m²
Volume, LiDAR
4,475 m³
Tallest building
8.9 m
Buildings to scale, each on its own parcel
600 m², 8.9 m 600 m², 8.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
12402A0077/00F0023,622 m² 1 · 600 m² 8.9 m · 2

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