MODULARTE
ActiveSummary
MODULARTE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-31k) and a net result of €-12k. Equity is shrinking by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-2
Solvency23=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.11 against 0.02 in 2024; short-term debt: 40.1% and cash: 1.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.9%
Return on assets
-0.7%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-31k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-12-2025, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
15 d early
2023
33 d early
2022
38 d late
2021
2 d early
2020
on the day
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-31k▼ 64.3%
2024 · €-19k
2018: €22k
2019: €28k▲ +27.8% vs 2018highest in 8 years
2020: €8k▼ -73.5% vs 2019
2021: €-22k▼ -390% vs 2020
2022: €-23k▼ -7.7% vs 2021
2023: €-19k▲ +17.3% vs 2022
2024: €-19k▲ +2.3% vs 2023
2025: €-31k▼ -64.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.65M▲ 91.9%
2024 · €858k
2018: €864k
2019: €847k▼ -2.0% vs 2018lowest in 8 years
2020: €907k▲ +7.0% vs 2019
2021: €850k▼ -6.2% vs 2020
2022: €862k▲ +1.4% vs 2021
2023: €871k▲ +1.1% vs 2022
2024: €858k▼ -1.5% vs 2023
2025: €1.65M▲ +91.9% vs 2024highest in 8 years
2018 → 2025
Net result
€-12k
2024 · €455
2018: €1k
2019: €6k▲ +372% vs 2018highest in 8 years
2020: €-21k▼ -438% vs 2019
2021: €-29k▼ -40.3% vs 2020lowest in 8 years
2022: €-2k▲ +94.3% vs 2021
2023: €4k▲ +343% vs 2022
2024: €455▼ -88.8% vs 2023
2025: €-12k▼ -2775% vs 2024
2018 → 2025
Working capital
€73k
2024 · €-857k
2018: €-590k
2019: €-608k▼ -3.1% vs 2018
2020: €-787k▼ -29.5% vs 2019
2021: €-814k▼ -3.4% vs 2020
2022: €-816k▼ -0.2% vs 2021
2023: €-857k▼ -5.1% vs 2022lowest in 8 years
2024: €-857k▲ +0.1% vs 2023
2025: €73k▲ +109% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-22k-€-23k▼ 7.7%€-19k▲ 17.3%€-19k▲ 2.3%€-31k▼ 64.3%
2021: €-22k
2022: €-23k▼ -7.7% vs 2021
2023: €-19k▲ +17.3% vs 2022
2024: €-19k▲ +2.3% vs 2023highest in 5 years
2025: €-31k▼ -64.3% vs 2024lowest in 5 years
Operating result€-29k-€-2k▲ 94.6%€9k€3k▼ 67.6%€-5k
2021: €-29klowest in 5 years
2022: €-2k▲ +94.6% vs 2021
2023: €9k▲ +694% vs 2022highest in 5 years
2024: €3k▼ -67.6% vs 2023
2025: €-5k▼ -253% vs 2024
Net result€-29k-€-2k▲ 94.3%€4k€455▼ 88.8%€-12k
2021: €-29klowest in 5 years
2022: €-2k▲ +94.3% vs 2021
2023: €4k▲ +343% vs 2022highest in 5 years
2024: €455▼ -88.8% vs 2023
2025: €-12k▼ -2775% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€912k ▲ 8.9%
Current assets
€734k ▲ 3,560%
Key figures and ratios
Solvency
-1.9%▲
2024 · -2.2%
Current ratio
1.11▲
2024 · 0.02
Debt to equity
-53.91▼
2024 · -46.30
ROA
-0.7%▼
2024 · 0.1%
Debt
€1.68M▲
2024 · €877k
Debt ≤ 1 year
€661k▼
2024 · €877k
Debt > 1 year
€1.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€858k€1.65M▲
Fixed assets21/28€838k€912k▲
Tangible fixed assets22/27€838k€912k▲
Plant, machinery and equipment23€838k€912k▲
Current assets29/58€20k€734k▲
Amounts receivable within one year40/41€5k€702k▲
Trade receivables40€3k€140k▲
Other amounts receivable41€2k€562k▲
Cash at bank and in hand54/58€13k€21k▲
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€858k€1.65M▲
Equity10/15€-19k€-31k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€2k
Profit (loss) carried forward14€-39k€-52k▼
Amounts payable17/49€877k€1.68M▲
Amounts payable after more than one year17-€1.00M
Financial debts170/4-€1.00M
Amounts payable within one year42/48€877k€661k▼
Trade debts44€262€0▼
Suppliers440/4€262€0▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€877k€661k▼
Accrued charges and deferred income492/3-€17k
Income statement
Code20242025
Non-recurring operating income76A€0-
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€4k€-3k▼
Operating profit (loss)9901€3k€-5k▼
Financial income75/76B€0€9k▲
Recurring financial income75€0€9k▲
Financial charges65/66B€3k€16k▲
Recurring financial charges65€3k€16k▲
Profit (loss) for the period before taxes9903€455€-12k▼
Profit (loss) for the period9904€455€-12k▼
Profit (loss) for the period to be appropriated9905€455€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-52k▼
Profit (loss) brought forward from the previous period14P€-40k€-39k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €0 | - | - |
| Other operating charges640/8 | €902 | €1k | €1k | €1k | €1k | ▲ 1.7% |
| Non-recurring operating charges66A | €0 | - | €1k | €0 | - | - |
| Gross operating margin9900 | €-28k | €-420 | €11k | €4k | €-3k | ▼ 186% |
| Operating profit (loss)9901 | €-29k | €-2k | €9k | €3k | €-5k | ▼ 253% |
| Financial income75/76B | - | €0 | €33 | €0 | €9k | - |
| Recurring financial income75 | - | €0 | €33 | €0 | €9k | - |
| Financial charges65/66B | €342 | €118 | €5k | €3k | €16k | ▲ 538% |
| Recurring financial charges65 | €342 | €118 | €5k | €3k | €16k | ▲ 538% |
| Profit (loss) for the period before taxes9903 | €-29k | €-2k | €4k | €455 | €-12k | ▼ 2,775% |
| Profit (loss) for the period9904 | €-29k | €-2k | €4k | €455 | €-12k | ▼ 2,775% |
| Profit (loss) for the period to be appropriated9905 | €-29k | €-2k | €4k | €455 | €-12k | ▼ 2,775% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €850k | €862k | €871k | €858k | €1.65M | ▲ 91.9% |
| Fixed assets21/28 | €796k | €796k | €838k | €838k | €912k | ▲ 8.9% |
| Tangible fixed assets22/27 | €796k | €796k | €838k | €838k | €912k | ▲ 8.9% |
| Plant, machinery and equipment23 | €796k | €796k | €838k | €838k | €912k | ▲ 8.9% |
| Current assets29/58 | €54k | €66k | €33k | €20k | €734k | ▲ 3,560% |
| Amounts receivable within one year40/41 | €7k | €17k | €12k | €5k | €702k | ▲ 14,611% |
| Trade receivables40 | €3k | €8k | €3k | €3k | €140k | ▲ 4,911% |
| Other amounts receivable41 | €4k | €9k | €9k | €2k | €562k | ▲ 28,219% |
| Cash at bank and in hand54/58 | €46k | €49k | €19k | €13k | €21k | ▲ 69.4% |
| Deferred charges and accrued income490/1 | €2k | €0 | €2k | €3k | €11k | ▲ 308% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €850k | €862k | €871k | €858k | €1.65M | ▲ 91.9% |
| Equity10/15 | €-22k | €-23k | €-19k | €-19k | €-31k | ▼ 64.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-42k | €-44k | €-40k | €-39k | €-52k | ▼ 30.9% |
| Amounts payable17/49 | €872k | €885k | €891k | €877k | €1.68M | ▲ 91.3% |
| Amounts payable after more than one year17 | - | - | - | - | €1.00M | - |
| Financial debts170/4 | - | - | - | - | €1.00M | - |
| Amounts payable within one year42/48 | €868k | €881k | €891k | €877k | €661k | ▼ 24.6% |
| Trade debts44 | €488 | €2k | €2k | €262 | €0 | ▼ 100% |
| Suppliers440/4 | €488 | €2k | €2k | €262 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €12k | €14k | €0 | - | - |
| Taxes450/3 | - | €12k | €14k | €0 | - | - |
| Other amounts payable47/48 | €868k | €868k | €875k | €877k | €661k | ▼ 24.6% |
| Accrued charges and deferred income492/3 | €4k | €4k | €0 | - | €17k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-29k | €-2k | €4k | €455 | €-12k | ▼ 2,775% |
| Operating cash flow (approximation) | €-29k | €-2k | €4k | €455 | €-12k | ▼ 2,775% |
| Investment in fixed assets (approximation) | - | €0 | €-42k | €0 | €-75k | - |
| Change in cash | - | €3k | €-30k | €-7k | €9k | ▲ 229% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Liquidity times 49current ratio 1.11
Current ratio from 0.02 to 1.11; short-term debt falls from €877k to €661k.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €6k ▲372%
Net result €6k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Knokke-Heist · 1 establishment unit since 2008
Ground area
955 m²
Building footprint
372 m²
Volume, LiDAR
1,776 m³
Parcel 31013A0203/00C000, Flanders · tallest building 12.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Modularte
since 20082.174.855.212
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0203/00C000 | Flanders | 955 m² | 1 · 372 m² | 12.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 108 companies in sector 77350 we hold annual accounts for 70. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2008
Fiscal year end30-09
Activities, NACEBEL 2025
77350Rental and leasing activities
33160Repair, maintenance and installation of machinery and equipment
46140Agents in the wholesale of industrial machinery, ships and aircraft
51100Air transport
Scores and ratios are computed by Checked and are not a credit decision.