MODULEVO
Open bankruptcyA bankruptcy procedure is open for MODULEVO according to publications in the Belgian State Gazette; curator: NICOLAS VAN DER BORGHT.
Summary
The 2024 annual accounts show negative equity (-€13,387) and a net result of -€36,643.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 29 September 2025
- Supervising judge
- Francis Vanbever
- Official Gazette
- 06-10-2025 (pdf) ↗search the document for 2025/139941
Curator
- Nicolas Van der BorghtAvenue De Fre 229, 1180 Fr Bruxelles 18nvdb@kairos.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€13,387
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Computer consultancy and computer facilities management sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€36,643
2023 · €23,443
Working capital
-€24,223
2023 · €12,607
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
Line20232024
Operating result€23,535--€30,825
Net result€23,443--€36,643
Equity€23,443--€13,387
Total assets€41,411-€12,282▼ 70.3%
Debt€17,968-€25,669▲ 42.9%
Working capital€12,607--€24,223
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30,825 after €23,535 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,282
Fixed assets
€10,836 =
Current assets
€1,446 ▼ 95.3%
Key figures and ratios
EBITDA
-€30,825▼
2023 · €25,333
Cash flow
-€36,643▼
2023 · €25,241
Solvency
-109.0%▼
2023 · 56.6%
Current ratio
0.06▼
2023 · 1.70
Debt to equity
-1.92▼
2023 · 0.77
ROA
-298.4%▼
2023 · 56.6%
Interest coverage
-78.32▼
2023 · 276.71
Debt ≤ 1 year
€25,669▲
2023 · €17,968
Income taxes
€5,425
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,798 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,643 | €290 | ▼ 82.3% |
| Gross operating margin9900 | €26,975 | -€30,535 | ▼ 213% |
| Operating profit (loss)9901 | €23,535 | -€30,825 | ▼ 231% |
| Financial charges65/66B | €92 | €394 | ▲ 330% |
| Recurring financial charges65 | €92 | €394 | ▲ 330% |
| Profit (loss) for the period before taxes9903 | €23,443 | -€31,218 | ▼ 233% |
| Income taxes67/77 | - | €5,425 | - |
| Profit (loss) for the period9904 | €23,443 | -€36,643 | ▼ 256% |
| Profit (loss) for the period to be appropriated9905 | €23,443 | -€36,643 | ▼ 256% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,411 | €12,282 | ▼ 70.3% |
| Fixed assets21/28 | €10,836 | €10,836 | = |
| Tangible fixed assets22/27 | €10,186 | €10,186 | = |
| Furniture and vehicles24 | €10,186 | €10,186 | = |
| Financial fixed assets28 | €650 | €650 | = |
| Current assets29/58 | €30,575 | €1,446 | ▼ 95.3% |
| Amounts receivable within one year40/41 | €25,955 | €1,446 | ▼ 94.4% |
| Trade receivables40 | €25,955 | - | - |
| Other amounts receivable41 | - | €1,446 | - |
| Cash at bank and in hand54/58 | €4,621 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,411 | €12,282 | ▼ 70.3% |
| Equity10/15 | €23,443 | -€13,387 | ▼ 157% |
| Profit (loss) carried forward14 | €23,443 | -€13,387 | ▼ 157% |
| Amounts payable17/49 | €17,968 | €25,669 | ▲ 42.9% |
| Amounts payable within one year42/48 | €17,968 | €25,669 | ▲ 42.9% |
| Financial debts43 | - | €5,132 | - |
| Credit institutions430/8 | - | €5,132 | - |
| Trade debts44 | €9,101 | €8,019 | ▼ 11.9% |
| Suppliers440/4 | €9,101 | €8,019 | ▼ 11.9% |
| Taxes, remuneration and social security45 | €6,616 | €12,519 | ▲ 89.2% |
| Taxes450/3 | €6,616 | €12,519 | ▲ 89.2% |
| Other amounts payable47/48 | €2,250 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,443 | -€36,643 | ▼ 256% |
| + Depreciation and write-downs630 | €1,798 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €25,241 | -€36,643 | ▼ 245% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
2025
06-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-09-2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
SignalNBB filing
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, Elsene · 1 establishment unit since 2023
Ground area
7,406 m²
Building footprint
1,655 m²
Volume, LiDAR
29,823 m³
Parcel 21446F0030/00A000, Brussels · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
226
companies at this address
See who is registered here
1 establishment unit
Arnaud Fraiteurlaan 15, 1050 Elsene
since 20232.342.702.131
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS VAN DER BORGHT AVENUE DE FRE 229,
1180 FR BRUXELLES 18 |
29-09-2025 → present |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 13,595 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
Founded12-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
63920Other information service activities
Scores and ratios are computed by Checked and are not a credit decision.