ModuleHome
ActiveSummary
ModuleHome has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€582,565) and a net result of -€1.2m. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 2218 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-63
Solvency18▼-19
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.03 against 1.11 in 2024; short-term debt: 70.6% and cash: 4.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
-7.3%
Return on assets
-14.5%
Age of the figures
9 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 -€582,565
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
56 d late
2023
6 d early
2022
19 d early
2021
22 d early
2020
on the day
2019
6 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 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 23 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Halle, Construction sector#6 employer in Halle, Construction sector
Equity
-€582,565
2024 · €901,726
Total assets
€8.0m▲ 2.8%
2024 · €7.8m
Net result
-€1.2m
2024 · €481,349
Working capital
€161,595▼ 77.8%
2024 · €727,765
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€156,381▲ 97.3%-€43,469-€1.1m▼ 2,426%€626,208-€976,566
Net result€99,680within the sector's middle half▲ 76.0%-€51,207below the sector's middle half-€1.1mbelow the sector's middle half▼ 2,126%€481,349above the sector's middle half-€1.2mbelow the sector's middle half
Equity€211,560within the sector's middle half▲ 89.1%€160,353within the sector's middle half▼ 24.2%-€979,623below the sector's middle half€901,726above the sector's middle half-€582,565below the sector's middle half
Total assets€2.4mabove the sector's middle half▼ 16.5%€2.9mabove the sector's middle half▲ 18.1%€5.2mabove the sector's middle half▲ 81.0%€7.8mabove the sector's middle half▲ 51.2%€8.0mabove the sector's middle half▲ 2.8%
Debt€2.2m▼ 20.7%€2.6m▲ 16.3%€6.1m▲ 140%€6.9m▲ 12.4%€8.6m▲ 24.6%
Working capital€90,883within the sector's middle half€221,129within the sector's middle half▲ 143%-€1.0mbelow the sector's middle half€727,765above the sector's middle half€161,595within the sector's middle half▼ 77.8%
Solvency8.8%below the sector's middle half▲ 4.9pp5.6%below the sector's middle half▼ 3.1pp-19.0%below the sector's middle half▼ 24.6pp11.6%below the sector's middle half▲ 30.5pp-7.3%below the sector's middle half▼ 18.8pp
Current ratio1.04below the sector's middle half▲ 0.091.09within the sector's middle half▲ 0.050.83below the sector's middle half▼ 0.261.11within the sector's middle half▲ 0.281.03below the sector's middle half▼ 0.08
Return on assets (ROA)4.1%within the sector's middle half▲ 2.2pp-1.8%below the sector's middle half▼ 5.9pp-22.1%below the sector's middle half▼ 20.3pp6.2%within the sector's middle half▲ 28.3pp-14.5%below the sector's middle half▼ 20.6pp
Staff (FTE)6.6within the sector's middle half▼ 19.5%7.1within the sector's middle half▲ 7.6%14above the sector's middle half▲ 97.2%12.8above the sector's middle half▼ 8.6%9.9above the sector's middle half▼ 22.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -2,126% on 2022. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €976,566 after €626,208 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets
€2.2m ▲ 1,162%
Current assets
€5.8m ▼ 23.6%
Key figures and ratios
EBITDA
-€886,164▼
2024 · €709,054
Cash flow
-€1.1m▼
2024 · €564,196
Quick ratio
0.47▼
2024 · 0.79
Debt to equity
-14.77▼
2024 · 7.66
Interest coverage
-4.55▼
2024 · 4.56
Debt ≤ 1 year
€5.7m▼
2024 · €6.9m
Debt > 1 year
€2.9m▲
2024 · €0
Income taxes
€577
Staff costs
€740,861▼
2024 · €962,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €437,366 | €510,656 | €1.1m | €962,066 | €740,861 | ▼ 23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €185,918 | €118,627 | €105,027 | €82,846 | €90,401 | ▲ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €289,256 | -€92,038 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €129,294 | -€129,294 | €0 | - | - |
| Other operating charges640/8 | €17,444 | €7,357 | €43,554 | €127,510 | €31,939 | ▼ 75.0% |
| Non-recurring operating charges66A | - | - | €564,130 | €0 | - | - |
| Gross operating margin9900 | €797,109 | €722,465 | €868,121 | €1.7m | -€113,365 | ▼ 107% |
| Operating profit (loss)9901 | €156,381 | -€43,469 | -€1.1m | €626,208 | -€976,566 | ▼ 256% |
| Financial income75/76B | €957 | €3,875 | €12,468 | €10,760 | €11,594 | ▲ 7.8% |
| Recurring financial income75 | €957 | €3,875 | €12,468 | €10,760 | €11,594 | ▲ 7.8% |
| Financial charges65/66B | €18,873 | €11,526 | €54,405 | €155,618 | €194,645 | ▲ 25.1% |
| Recurring financial charges65 | €18,873 | €11,526 | €54,405 | €155,618 | €194,645 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €138,464 | -€51,120 | -€1.1m | €481,349 | -€1.2m | ▼ 341% |
| Income taxes67/77 | €38,784 | €87 | €0 | - | €577 | - |
| Profit (loss) for the period9904 | €99,680 | -€51,207 | -€1.1m | €481,349 | -€1.2m | ▼ 341% |
| Profit (loss) for the period to be appropriated9905 | €99,680 | -€51,207 | -€1.1m | €481,349 | -€1.2m | ▼ 341% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.9m | €5.2m | €7.8m | €8.0m | ▲ 2.8% |
| Fixed assets21/28 | €282,437 | €170,608 | €93,718 | €173,962 | €2.2m | ▲ 1,162% |
| Intangible fixed assets21 | €75,322 | €32,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €206,715 | €138,208 | €93,318 | €172,562 | €2.2m | ▲ 1,171% |
| Plant, machinery and equipment23 | €32,620 | €22,144 | €35,286 | €49,326 | €41,274 | ▼ 16.3% |
| Furniture and vehicles24 | - | - | - | €4,136 | €1,574 | ▼ 61.9% |
| Leasing and similar rights25 | €174,095 | €116,064 | €58,032 | €0 | €2.1m | - |
| Other tangible fixed assets26 | - | - | - | €119,100 | €92,447 | ▼ 22.4% |
| Financial fixed assets28 | €400 | €400 | €400 | €1,400 | €1,400 | = |
| Current assets29/58 | €2.1m | €2.7m | €5.1m | €7.6m | €5.8m | ▼ 23.6% |
| Stocks and contracts in progress3 | €1.6m | €1.8m | €3.0m | €2.2m | €3.2m | ▲ 44.5% |
| Stocks30/36 | €1.6m | €1.8m | €3.0m | €607,521 | €957,652 | ▲ 57.6% |
| Contracts in progress37 | - | - | - | €1.6m | €2.2m | ▲ 39.5% |
| Amounts receivable within one year40/41 | €402,822 | €748,872 | €2.0m | €5.2m | €2.2m | ▼ 57.8% |
| Trade receivables40 | €345,370 | €727,338 | €1.9m | €4.9m | €2.2m | ▼ 55.8% |
| Other amounts receivable41 | €57,452 | €21,534 | €71,320 | €335,711 | €39,517 | ▼ 88.2% |
| Current investments50/53 | - | €25,565 | €25,565 | €25,565 | €25,340 | ▼ 0.9% |
| Cash at bank and in hand54/58 | €120,434 | €74,603 | €287 | €132,442 | €362,928 | ▲ 174% |
| Deferred charges and accrued income490/1 | €3,767 | €14,491 | €16,038 | €23,314 | €43,000 | ▲ 84.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.9m | €5.2m | €7.8m | €8.0m | ▲ 2.8% |
| Equity10/15 | €211,560 | €160,353 | -€979,623 | €901,726 | -€582,565 | ▼ 165% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €1.4m | €1.4m | = |
| Reserves13 | €191,560 | €140,353 | €1,762 | €1,762 | €1,762 | = |
| Non-distributable reserves130/1 | €1,762 | €1,762 | €1,762 | €0 | - | - |
| Reserves not available under the articles1311 | €1,762 | €1,762 | €1,762 | €0 | - | - |
| Distributable reserves133 | €189,798 | €138,591 | €0 | €1,762 | €1,762 | = |
| Profit (loss) carried forward14 | - | - | -€1.0m | -€520,035 | -€2.0m | ▼ 285% |
| Provisions and deferred taxes16 | - | €129,294 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €129,294 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €129,294 | €0 | - | - | - |
| Amounts payable17/49 | €2.2m | €2.6m | €6.1m | €6.9m | €8.6m | ▲ 24.6% |
| Amounts payable after more than one year17 | €159,923 | €102,089 | €28,032 | €0 | €2.9m | - |
| Financial debts170/4 | €159,923 | €102,089 | €28,032 | €0 | €2.9m | - |
| Amounts payable within one year42/48 | €2.0m | €2.5m | €6.1m | €6.9m | €5.7m | ▼ 17.9% |
| Current portion of amounts payable after more than one year42 | €77,564 | €57,834 | €59,404 | €28,032 | €267,373 | ▲ 854% |
| Financial debts43 | €55,000 | €200,000 | €1.4m | €900,000 | €901,033 | ▲ 0.1% |
| Credit institutions430/8 | €55,000 | €200,000 | €1.4m | €900,000 | €901,033 | ▲ 0.1% |
| Trade debts44 | €932,542 | €1.4m | €2.1m | €2.0m | €1.5m | ▼ 25.1% |
| Suppliers440/4 | €932,542 | €1.4m | €2.1m | €2.0m | €1.5m | ▼ 25.1% |
| Advances received on contracts in progress46 | €900,614 | €682,729 | €2.3m | €2.7m | €2.8m | ▲ 3.4% |
| Taxes, remuneration and social security45 | €65,270 | €37,299 | €136,777 | €95,892 | €208,827 | ▲ 118% |
| Taxes450/3 | €45,371 | €6,873 | €39,242 | €32,828 | €67,359 | ▲ 105% |
| Remuneration and social security454/9 | €19,900 | €30,426 | €97,536 | €63,064 | €141,468 | ▲ 124% |
| Other amounts payable47/48 | €10,300 | €120,300 | €77,800 | €1.2m | €11,434 | ▼ 99.0% |
| Accrued charges and deferred income492/3 | €1,837 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,680 | -€51,207 | -€1.1m | €481,349 | -€1.2m | ▼ 341% |
| + Depreciation and write-downs630 | €185,918 | €118,627 | €105,027 | €82,846 | €90,401 | ▲ 9.1% |
| Operating cash flow (approximation) | €285,598 | €67,420 | -€1.0m | €564,196 | -€1.1m | ▼ 290% |
| Investment in fixed assets (approximation) | - | -€6,797 | -€28,137 | -€163,090 | -€2.1m | ▼ 1,194% |
| Change in cash | - | -€45,831 | -€74,316 | €132,155 | €230,486 | ▲ 74.4% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
31-12
Financial
Back to profitnet €481,349
Net result €481,349 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €901,726
Equity rises from -€979,623 to €901,726.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €200,000Eq €211,560 ▲89.1%
4 profitable years in a row build equity to €211,560.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €100,000Eq €111,880 ▲103%
3 profitable years in a row build equity to €111,880.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Halle · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roggemanskaai (Felix) 7b1501 HalleGround area
3.0 ha
Building footprint
4.0 ha
Volume, LiDAR
432,431 m³
Parcel 25019A0198/00L002, Wallonia · tallest building 20.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ModuleHome
since 19932.060.676.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019A0198/00L002 | Wallonia | 3.0 ha | 1 · 4.0 ha | 20.3 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: ES COCOON. The sources do not say who stands above it.
Owners 1
- CARBOMATparentSourceaccounts CARBOMAT 202498.59%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 150 EUR | 150 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 6,841 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
Founded10-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
41001General construction of residential buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448919364
Also
9925:BE0448919364
Registered
13-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.