Debts
€193,181 99% of the balance sheet
Suppliers 11%Taxes and wages 10%Other 80%
ModulHome
Lifetime
17 annual accounts with figures on one time axis, 35 filings since 1990peak €20,939 (2010)
€16,177▲ 168%
lowest -€8,892 (2017)
€32▼ 98.2%
peak €17,320 (2016)
€2,007▲ 1.6%
€193,181▲ 170%
peak 1 FTE (2024)
1 FTE▲ 400%
Board5 names since 2017
4 directorsBOGAERTS Eric Christian Jacques Ghislain and 3 others
Documentsfilings and deeds
25-09-202556 days late
2024financial year
Gross margin from €6,044 to €16,177Result from €1,786 to €32Staff from 0.2 FTE to 1 FTEDebts from €71,489 to €193,181Cash from €3,354 to €8
Key points
from the 2024 annual accountsFilings
35 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€2,007
Less equity than 92% of companies in specialised construction. Sector median €286,220 · 3,534 companies.
Checked score
36
Weak
Financially stronger than 21% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.5%▼ -0.1 percentage points vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025lowest value
07-2025: 1.8%▲ +0.3 percentage points vs 06-2025
08-2025: 2.4%▲ +0.6 percentage points vs 07-2025
09-2025: 2.7%▲ +0.3 percentage points vs 08-2025
10-2025: 3.2%▲ +0.5 percentage points vs 09-2025
11-2025: 2.6%▼ -0.6 percentage points vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.6%● unchanged vs 12-2025
02-2026: 2.6%● unchanged vs 01-2026
03-2026: 2.6%● unchanged vs 02-2026
04-2026: 2.6%● unchanged vs 03-2026
05-2026: 2.5%▼ -0.1 percentage points vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.1 percentage points vs 06-2026
08-2026: 3.7%▲ +1.1 percentage points vs 07-2026
09-2026: 4.2%▲ +0.5 percentage points vs 08-2026
10-2026: 5.0%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 5.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 02-10-2025)
Liquidity: current ratio 0.95, cash €8, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 1989
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 9% of them on solvency, 1% on liquidity, 35% on profitability and 40% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as ModulHome has now. Each dot stands for 3 companies, two years later.
96.9%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
The bankruptcy probability of ModulHome itself is higher: 5.0% within 12 months. It rests on far more data about ModulHome than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for ModulHome. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.95 (0.86 in 2023), below 1. Short-term debt is 99% and cash 0% of total assets. 99% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 3534 sector peers (2024).
NBB · sector comparisonPosition among 3534 sector peers
Solvency
better than 8%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €2,007
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 56 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
56 days late
2023
49 days late
2022
42 days late
2021
51 days late
2020
83 days late
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 57 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- BOGAERTS Eric Christian Jacques Ghislain 749 sharesdeed of 27-12-2023
- NEUPREZ Sylvie Marie Josée Renée 1 sharedeed of 27-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439016258
Company renamed from STAND BY to ModulHome
Resignation: NEUPREZ Serge (manager) · Reappointments: BOGAERTS Eric Christian Jacques Ghislain (director) and NEUPREZ Sylvie Marie Josée Renée (director) · Appointment: BOGAERTS Louis Claude Laurent Renée Serge (director) · General meeting of 19-12-2023 · Gazette deed
New establishment in Awans
Rue Général Leman 2
Registered office moved from Amay to Villers-le-Bouillet
New registered office: RUE DE BODEGNEE 3-4530 VILLERS-LE-BOUILLET · Previous registered office: Rue Gustave Robert, 7 à 4540 Amay · General meeting of 02-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ModulHome Villers-le-Bouillet | €195,188 | €16,177 | 1.0% | 1 |
| BETINO Berchem-Sainte-Agathe | €178,485 | €9,861 | -114.4% | - |
| ALLE VLOEREN SERVICE Antwerp | €168,858 | €11,857 | 66.6% | - |
| Vandenbergh Holsbeek | €252,138 | €29,136 | 54.9% | - |
| RESISOL Limbourg | €156,798 | €13,362 | 82.6% | - |
| SOL COLOR – TAPIS DE PIERRES Eupen | €105,950 | €17,087 | 75.3% | - |
| ALL - INTERIEUR Alken | €121,815 | €15,960 | 58.5% | - |
These companies have the same main activity as ModulHome: laying of wooden floor and wall coverings (NACE 43332). They are comparable in size and age: total assets between €106,000 and €252,000, founded between 1989 and 2000.
Official details
Source: KBO- Status
- Active since 01-01-1989Normal situation
- Activity
- Laying of wooden floor and wall coveringsNACE 43332and 1 other
- Establishment units
- 2.046.151.4544540 Amay, since 21-12-1989
- 2.349.708.3034340 Awans, since 02-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2024
- ≈ €140,000estimated
- €195,188▲ 166%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 25-09-2025
Insights on ModulHome
ModulHome has existed since 1989. The gross margin grew from €4,006 in 2008 to €16,177 in 2024.
The gross margin has grown every year since 2021.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ModulHome
- What is the company number of ModulHome?
- The company number of ModulHome is 0439.016.258. The VAT number is the same number with BE in front: BE 0439.016.258.
- Where is ModulHome based?
- The registered office is at Rue de Bodegnée 3, 4530 Villers-le-Bouillet.Company details
- What does ModulHome do?
- According to the KBO register, the main activity is laying of wooden floor and wall coverings (NACE 43332).
- What is the legal form of ModulHome?
- ModulHome is a private limited company (BV).
- When was ModulHome founded?
- ModulHome was founded on 01-01-1989.
- Is ModulHome still active?
- Yes, ModulHome is an active enterprise in the KBO register.
- How many employees does ModulHome have?
- ModulHome had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ModulHome?
- The turnover in financial year 2024 is ≈ €140,000. This figure is estimated from the gross margin of €16,177 and 58 comparable companies (NACE 433). It probably lies between €77,000 and €310,000. It is a rough estimate.
- Is ModulHome profitable?
- In financial year 2024, ModulHome made a profit of €32.
- Where can I find the annual accounts of ModulHome?
- ModulHome filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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