MoDuLe
ActiveSummary
The computed 12-month bankruptcy probability of MoDuLe is 3.0% (moderate). The 2025 annual accounts show equity of €69,933 and a net result of €4,990. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+54
Solvency57▲+3
Growth78
Track record82
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.81 in 2024; short-term debt: 5.3% and cash: 10.7% of total assets), but 67.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.2%
Return on assets
2.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,933▲ 7.7%
2024 · €64,943
Total assets
€216,916▼ 2.8%
2024 · €223,108
Net result
€4,990
2024 · -€40,057
Working capital
€11,709▲ 29.2%
2024 · €9,064
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€38,621-€9,910
Net result-€40,057-€4,990
Equity€64,943-€69,933▲ 7.7%
Total assets€223,108-€216,916▼ 2.8%
Debt€158,165-€146,983▼ 7.1%
Working capital€9,064-€11,709▲ 29.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,910 after a loss of €38,621 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,916
Fixed assets
€193,607 ▼ 4.5%
Current assets
€23,309 ▲ 15.0%
Equity and liabilities €216,916
Equity
€69,933 ▲ 7.7%
Debt
€146,983 ▼ 7.1%
Debt's share of the balance-sheet total falls from 70.9% to 67.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,135▲
2024 · -€2,400
Cash flow
€14,215▲
2024 · -€3,836
Current ratio
2.01▲
2024 · 1.81
Debt to equity
2.10▼
2024 · 2.44
ROE
7.1%▲
2024 · -61.7%
ROA
2.3%▲
2024 · -18.0%
Interest coverage
3.89▲
2024 · -1.67
Debt ≤ 1 year
€11,600▲
2024 · €11,212
Debt > 1 year
€135,383▼
2024 · €146,953
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,221 | €9,225 | ▼ 74.5% |
| Other operating charges640/8 | €718 | €1,792 | ▲ 149% |
| Gross operating margin9900 | -€1,682 | €20,927 | ▲ 1,344% |
| Operating profit (loss)9901 | -€38,621 | €9,910 | ▲ 126% |
| Financial income75/76B | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €1,436 | €4,920 | ▲ 243% |
| Recurring financial charges65 | €1,436 | €4,920 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | -€40,057 | €4,990 | ▲ 112% |
| Profit (loss) for the period9904 | -€40,057 | €4,990 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€40,057 | €4,990 | ▲ 112% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €223,108 | €216,916 | ▼ 2.8% |
| Fixed assets21/28 | €202,832 | €193,607 | ▼ 4.5% |
| Tangible fixed assets22/27 | €202,832 | €193,607 | ▼ 4.5% |
| Land and buildings22 | €202,832 | €193,607 | ▼ 4.5% |
| Current assets29/58 | €20,276 | €23,309 | ▲ 15.0% |
| Cash at bank and in hand54/58 | €20,276 | €23,309 | ▲ 15.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €223,108 | €216,916 | ▼ 2.8% |
| Equity10/15 | €64,943 | €69,933 | ▲ 7.7% |
| Contributions10/11 | €105,000 | €105,000 | = |
| Profit (loss) carried forward14 | -€40,057 | -€35,067 | ▲ 12.5% |
| Amounts payable17/49 | €158,165 | €146,983 | ▼ 7.1% |
| Amounts payable after more than one year17 | €146,953 | €135,383 | ▼ 7.9% |
| Financial debts170/4 | €146,953 | €135,383 | ▼ 7.9% |
| Amounts payable within one year42/48 | €11,212 | €11,600 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €11,212 | €11,570 | ▲ 3.2% |
| Trade debts44 | - | €30 | - |
| Suppliers440/4 | - | €30 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€40,057 | €4,990 | ▲ 112% |
| + Depreciation and write-downs630 | €36,221 | €9,225 | ▼ 74.5% |
| Operating cash flow (approximation) | -€3,836 | €14,215 | ▲ 471% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €3,033 | - |
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
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €4,990
Net result €4,990 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 2024
Ground area
3,184 m²
Building footprint
946 m²
Volume, LiDAR
13,494 m³
2 parcels, Wallonia · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MoDuLe
since 20242.363.614.935
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082B0556/00C002 | Wallonia | 1,845 m² | 1 · 146 m² | 13.4 m · 4 fl. |
| 63084A0195/00G000 | Wallonia | 1,340 m² | 1 · 800 m² | 17.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded12-09-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.