Modular Spaces
ActiveThe computed 12-month bankruptcy probability of Modular Spaces is 2.6% (moderate). The 2025 annual accounts show equity of €22k and a net result of €4k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 27319 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-18
Solvency28▼-72
Growth52=
Stability94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.56 against 2.98 in 2024), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
5 d late
2024
19 d early
2023
31 d early
2022
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 19.5%
2024 · €19k
2022: €7k
2023: €14k
2024: €19k
2022 → 2025
Total assets
€88k▲ 258%
2024 · €25k
2022: €38k
2023: €49k
2024: €25k
2022 → 2025
Net result
€4k▼ 18.3%
2024 · €4k
2022: €5k
2023: €7k
2024: €4k
2022 → 2025
Working capital
€-11k
2024 · €11k
2022: €3k
2023: €1k
2024: €11k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€7k-€14k▲ 90.3%€19k▲ 31.4%€22k▲ 19.5%
Operating result€7k-€10k▲ 44.2%€7k▼ 33.8%€7k▲ 8.8%
Net result€5k-€7k▲ 23.4%€4k▼ 33.9%€4k▼ 18.3%
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 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€75k▲ 825%
Current assets
€14k▼ 16.6%
Equity and liabilities €88k
Equity
€22k▲ 19.5%
Debt
€66k▲ 997%
The debt ratio rises from 24.4% to 74.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€17k▲
2024 · €9k
Cash flow
€13k▲
2024 · €7k
Solvency
25.2%▼
2024 · 75.6%
Current ratio
0.56▼
2024 · 2.98
Quick ratio
0.49▼
2024 · 2.65
Debt / equity
2.97▲
2024 · 0.32
ROE
16.3%▼
2024 · 23.9%
ROA
4.1%▼
2024 · 18.1%
Interest coverage
6.78▼
2024 · 9.30
Debt
€66k▲
2024 · €6k
Debt ≤ 1 year
€25k▲
2024 · €6k
Debt > 1 year
€41k
Income taxes
€1k▼
2024 · €1k
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€25k€88k▲
Fixed assets21/28€8k€75k▲
Tangible fixed assets22/27€8k€75k▲
Land and buildings22-€49k
Plant, machinery and equipment23€2k€817▼
Furniture and vehicles24€2k€25k▲
Assets under construction and advance payments27€4k-
Current assets29/58€17k€14k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€2k€2k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1€488€978▲
Equity and liabilities
Total equity and liabilities10/49€25k€88k▲
Equity10/15€19k€22k▲
Contributions10/11€2k€2k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€11k€15k▲
Amounts payable17/49€6k€66k▲
Amounts payable after more than one year17-€41k
Financial debts170/4-€41k
Amounts payable within one year42/48€6k€25k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€1k▼
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3€450-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€263€488▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€14k€17k▲
Operating profit (loss)9901€7k€7k▲
Financial income75/76B€11€3▼
Recurring financial income75€11€3▼
Financial charges65/66B€988€2k▲
Recurring financial charges65€988€2k▲
Profit (loss) for the period before taxes9903€6k€5k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€4k€4k▼
Profit (loss) for the period to be appropriated9905€4k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€15k▲
Profit (loss) brought forward from the previous period14P€7k€11k▲
The notes to these accounts (7 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
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-06
Financial
Weakest financial yearnet €4k ▼18.3%
Net result drops to €4k, the lowest in the series.
12-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 2.98
Current ratio from 1.05 to 2.98; short-term debt falls from €26k to €6k.
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2022net €7k ▲23.4%
Operating result €10k, net result €7k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Seneffe · 1 establishment unit since 2021
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.
Rue du Petit Moulin 17181 SeneffeGround area
1,649 m²
Building footprint
206 m²
Volume, LiDAR
602 m³
2 parcels, Wallonia · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Modular Spaces
since 20212.322.503.464
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52020C0232/00E002 | Wallonia | 1,529 m² | 1 · 152 m² | - |
| 52042A0308/00X009 | Wallonia | 121 m² | 1 · 54 m² | 12.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 7,360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2021
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.