Financials
- Fiscal year
- 2025
- Total assets
- €4.1m
- Profit
- €163,180
- Solvency
- 56.7%
Total assets▼ 8.3%
Net result
20182025
MODULCO
ActiveSummary
MODULCO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €163,180. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110Wholesale of other machinery and equipment NACE 46649NACE 46699
#8 company by equity in La Louvière, Manufacturing sector1 site
Size
€4.1mtotal assets 2025
- Staff
- 20.9 FTE
- Equity
- €2.3m
- Profit
- €163,180
Structure
- Parent
- REAL VERHUUR · 100%
Accounts 65 d early0 of 11 deeds read
Why 95+ Equity €2.3m (56.7% of total assets)+ Liquidity: current ratio 1.58, cash €741,241+ Size: 20.9 FTE, total assets €4.1m+ Founded in 2013Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 60% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
82+7
equity 56.7% of total assets
Liquidity
56-4
short-term debt 36.1% · cash 18.1%
Profitability
74-9
return on assets 4.0%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 0.1%lowest value
09-2025: 0.1%● 0.0% vs 08-2025lowest value
10-2025: 0.1%● 0.0% vs 09-2025lowest value
11-2025: 0.1%● 0.0% vs 10-2025lowest value
12-2025: 0.1%● 0.0% vs 11-2025lowest value
01-2026: 0.1%● 0.0% vs 12-2025lowest value
02-2026: 0.1%● 0.0% vs 01-2026lowest value
03-2026: 0.1%● 0.0% vs 02-2026lowest value
04-2026: 0.1%▲ +11.3% vs 03-2026
05-2026: 0.1%▲ +5.1% vs 04-2026
06-2026: 0.1%▲ +38.7% vs 05-2026highest value
07-2026: 0.1%● 0.0% vs 06-2026highest value
08-2026: 0.1%● 0.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Equity €2.3m (56.7% of total assets) lowers the probability
- Liquidity: current ratio 1.58, cash €741,241 lowers the probability
- Size: 20.9 FTE, total assets €4.1m lowers the probability for this profile
- Founded in 2013 lowers the probability for this profile
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.55 in 2024; short-term debt: 36.1% and cash: 18.1% of total assets), and 43.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 66%, liquidity 69%, profitability 57%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
65 d early
2023
33 d early
2022
75 d early
2021
32 d early
2020
36 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 May (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €521,886 ▲19.3%
Key points
- Caution: Result fell in 2025from €521,886 to €163,180 ▼ 68.7% View
- Positive: Company by equity in La Louvière, Manufacturing sectorin the Checked rankings #8 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by REAL VERHUURultimately: CREAFUND 100% View
- Positive: 6 profitable years in a rowprofit 2025: €163,180 6 years View
By topic
Board & ownership
- Parent
- REAL VERHUUR · 100%
Network & group
- Group
- CREAFUND
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-05-2026Annual accounts filed
- 27-05-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 15-04-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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