Modulation 58
The computed 12-month bankruptcy probability of Modulation 58 is 3.3% (moderate). The 2024 annual accounts show equity of €307 and a net result of €-3k. Equity is growing by ~68.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 6647 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €307 |
| Net result | €-3k |
| Better than sector | 29% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.8% | 20.3% | |
| Net result | €-3k | €4k | |
| Equity | €307 | €16k | |
| Gross operating margin | €473 | €24k | |
| Total assets | €17k | €94k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-432 |
| Net profit | €-3k |
| Cash flow | €-596 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €17k |
| Equity | €307 |
| Debt | €17k |
| of which ≤ 1y | €17k |
| of which > 1y | - |
| Working capital | €-4k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.79 |
| Quick ratio | 0.03 |
| Working capital ratio | -20.7% |
| Solvency | 1.8% |
| Debt / equity | 55.01 |
| Long-term debt ratio | - |
| Interest coverage | -2.64 |
| Gross margin | - |
| Net margin | - |
| ROA | -19.6% |
| ROE | -1095.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €17k |
| Fixed assets | 21/28 | €4k |
| Tangible fixed assets | 22/27 | €4k |
| Current assets | 29/58 | €13k |
| Stocks & contracts in progress | 3 | €13k |
| Amounts receivable within one year | 40/41 | €237 |
| Cash & bank | 54/58 | €321 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €17k |
| Equity | 10/15 | €307 |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-5k |
| Amounts payable | 17/49 | €17k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €473 |
| Operating result | 9901 | €-3k |
| Financial charges | 65 | €164 |
| Result before taxes | 9903 | €-3k |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
Former directors (1)
-
Former01-01-2024 → 01-04-2025
2 events
- 01-04-2025 Resigned· Director
- 01-01-2024 Appointed· Director
| NACE primary | Retail trade(47715) |
| Legal form | Private limited company(610) |
| Incorporation | 22-12-2021 |
| Status | Active |
| Postal code | 7130 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011C0223/00V004 | Wallonia | 262 m² | 1 · 79 m² | 16.2 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
13-10-2025 MORTIER Camille resigns as director
- MORTIER Camille, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "MORTIER Camille",
"address": null,
"birth_date": null
},
"effective_date": "2025-04-01",
"evidence_quote": "L\u0027assembl\u00E9e prend acte de la d\u00E9mission en qualit\u00E9 d\u0027administrateur de MORTIER Camille, domicili\u00E9e Chauss\u00E9e Brunehault 362 \u00E0 7134 P\u00E9ronnes-Lez-Binche. Son mandat prend fin avec effet r\u00E9troactif au 01/04/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.250.587",
"name_full": "MODULATION 58",
"legal_form": "SRL"
}
}21-08-2024 MORTIER Camille appointed as director
- MORTIER Camille, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "MORTIER Camille",
"address": null,
"birth_date": null
},
"effective_date": "2024-01-01",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide de nommer en tant que nouvel administrateur : MORTIER Camille, domicili\u00E9e Chauss\u00E9e Brunehault 362 \u00E0 7134 P\u00E9ronnes-Lez-Binche."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.250.587",
"name_full": "MODULATION 58",
"legal_form": "SRL"
}
}28-12-2023 Registered office moved within Binche
- RUE DE ROBIANO 58, 7130 BINCHE → Avenue du Burlet 24, 7130 Binche
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Binche",
"region": null,
"street": "Avenue du Burlet",
"country": "BE",
"postcode": "7130",
"box_number": null,
"street_number": "24"
},
"old_address": {
"city": "BINCHE",
"region": null,
"street": "RUE DE ROBIANO",
"country": "BE",
"postcode": "7130",
"box_number": null,
"street_number": "58"
},
"effective_date": "2023-08-21",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire d\u00E9cide de transf\u00E9rer le si\u00E8ge social \u00E0 l\u0027adresse suivante: Avenue du Burlet 24 \u00E0 7130 Binche. Cette d\u00E9cision prend cours imm\u00E9diatement."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.250.587",
"name_full": "MODULATION 58",
"legal_form": "SRL"
}
}24-12-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "7130 Binche, Rue de Robiano 58",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1989-09-13",
"name": "ARMAN J\u00E9r\u00E9my Joseph",
"niss": null,
"address": "Binche (ex P\u00E9ronnes-lez-Binche) Place Sainte Marguerite 10"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "ARMAN J\u00E9r\u00E9my Joseph",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1988-03-19",
"name": "BENOIT Oriane",
"niss": null,
"address": "7100 La Louvi\u00E8re, Rue du Hocquet (L.L), 192"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "BENOIT Oriane",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "0779.250.587",
"name_full": "Modulation 58",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-12-22",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | Modulation 58 |