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Modulec

In bankruptcy Private limited companyfounded 2016Groeneweg 17, 9320 AalstKBO/BCE: BE 0667.760.074
Modulec
Financial year 2023
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Annual accounts 2023

micro format, filed on 12-12-2024, 134 days late
€229,501
▼ 30.2%
€7,461
▼ 79.3%
€677
▼ 97.1%
-€2,192
▼ €29,909
11.7%
▼ 5.4 percentage points
0.99
▼ 0.13

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €580,000. Estimated: probably between €380,000 and €890,000.

Balance sheet

balance sheet total €399,935 on 31-12-2023
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

11.7%

Higher than 17% of 497 companies in 2023.

0.99

Higher than 21% of 487 companies in 2023.

0.2%

Higher than 29% of 490 companies in 2023.

Modulec Middle half of the sector 80% of the sector Micro accounts in machinery and equipment (NACE 28)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€32,589

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2023202220212020201920182017
Balance sheet: assets
20/58 399,935269,595204,07402,1792,1563,331
21/28 48,87218,286123----
22/27 45,96818,163-----
23 34,2873,143-----
24 11,68115,021-----
28 2,904123123----
29/58 351,063251,308203,95102,1792,1563,331
3 ----2,0742,0742,074
30/36 ----2,0742,0742,074
40/41 347,230230,28271,439-103751,210
40 203,314144,18018,965----
41 143,91686,10252,474-103751,210
54/58 3,83421,02615,31603747
490/1 --117,196----
Balance sheet: equity and liabilities
10/49 399,935269,595204,07402,1792,1563,331
10/15 46,68046,00322,350-2,698-105236811
10/11 6,2006,2006,2006,2006,2006,2006,200
100 ----18,60018,60018,600
101 ----12,40012,40012,400
14 40,48039,80316,150-8,898-6,305-5,964-5,389
17/49 353,255223,591181,7242,6982,2841,9202,520
42/48 353,255223,591181,7242,6982,2841,9202,520
44 330,665175,255162,272----
440/4 330,665175,255162,272----
45 12,00548,33619,452----
450/3 12,00526,06910,000----
454/9 -22,2679,452----
47/48 10,585--2,6982,2841,9202,520
Income statement
9900 229,501328,793148,783-55-188-400-5,030
62 208,570288,723112,717----
630 11,4442,364-----
640/8 2,0271,7404464489896311
66A ---2,074---
9901 7,46135,96735,620-2,576-286-496-5,341
75/76B 0142----
75 0142----
65/66B 4,25032857418557947
65 4,25032857418557947
9903 3,21135,65435,048-2,593-340-576-5,389
67/77 2,53512,00010,000----
9904 67723,65425,048-2,593-340-576-5,389
9905 67723,65425,048-2,593-340-576-5,389
Appropriation of the result
9906 40,48039,80316,150-8,898-6,305-5,964-5,389
14P 39,80316,150-8,898----
Social balance sheet
9087 6.47-----
Hours worked1013 6,83211,079-----
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 12-12-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2023 annual accounts filed 134 days after the deadline. Filed on 12 December 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00615004.

Financial year Type Filed Reference Document
31-12-2023 micro format 12-12-2024 2024-00615004 PDF
31-12-2022 micro format 15-09-2023 2023-00446689 PDF
31-12-2021 micro format 24-05-2023 2023-00094611 PDF
31-12-2020 micro format 29-09-2021 2021-71000577 PDF
31-12-2019 micro format 04-08-2020 2020-38400129 PDF
31-12-2018 micro format 12-07-2019 2019-31600330 PDF
31-12-2017 micro format 30-08-2018 2018-53300513 PDF

Subsidies and aid

Flemish government 2022 to 2024, 2 entries, €2,500 awarded, €2,500 paid

Stagebonus (discontinued)
€1,500
Premie kwalificerend werkplekleren
€1,000
Year Entries AwardedPaid
2024 1 €1,000€1,000
2022 1 €1,500€1,500

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2023202220212020201920182017
18,90538,331-----
12,12126,017-----
41,14820,527123----
-17,1925,71015,316-3-5-40-
-2,19227,71722,227-2,698-105236811
11.7%17.1%11.0%----
0.991.121.12----
7.574.868.13----
1.4%51.4%112.1%----
0.2%8.8%12.3%----
4.45over 100-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202331-12-2022
Employees at the balance-sheet date-6
full-time-4
part-time-2
in full-time equivalents-5.6
-7
On a permanent contract-4

Source: social balance sheet in the 2022 to 2023 annual accounts

Investments

fixed assets acquired
Item202320222021
Tangible fixed assets€38,367€20,527-
Financial fixed assets€2,781-€123
€11,444€2,364-

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on Modulec

The operating result for 2023 is 79% lower than in 2022 and the lowest since 2020.

Debt's share of the balance-sheet total rises from 82.9% to 88.3%. Equity and debt are higher.

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