ModulHome
ActiveSummary
ModulHome has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €32. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-3
Solvency26▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.95 against 0.86 in 2023; short-term debt: 99% and cash: 0% of total assets), and 99% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
1%
Return on assets
0%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 3550 sector peers (2024).
NBB · sector comparisonPosition among 3550 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 €2k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
49 d late
2022
42 d late
2021
51 d late
2020
83 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32▼ 98.2%
2023 · €2k
2018: €-8klowest in 7 years
2019: €-18▲ +99.8% vs 2018
2020: €2k▲ +12150% vs 2019highest in 7 years
2021: €-2k▼ -214% vs 2020
2022: €189▲ +108% vs 2021
2023: €2k▲ +845% vs 2022
2024: €32▼ -98.2% vs 2023
2018 → 2024
Working capital
€-9k▲ 12.5%
2023 · €-10k
2018: €-7k
2019: €-3k▲ +53.2% vs 2018highest in 7 years
2020: €-4k▼ -14.0% vs 2019
2021: €-4k▼ -8.6% vs 2020
2022: €-4k▼ -7.2% vs 2021
2023: €-10k▼ -136% vs 2022lowest in 7 years
2024: €-9k▲ +12.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€0▼ 100%€189€2k▲ 945%€2k▲ 1.6%
2020: €2khighest in 5 years
2021: €0▼ -100% vs 2020lowest in 5 years
2022: €189
2023: €2k▲ +945% vs 2022
2024: €2k▲ +1.6% vs 2023
Operating result€3k-€-2k€727€2k▲ 199%€735▼ 66.1%
2020: €3khighest in 5 years
2021: €-2k▼ -155% vs 2020lowest in 5 years
2022: €727▲ +145% vs 2021
2023: €2k▲ +199% vs 2022
2024: €735▼ -66.1% vs 2023
Net result€2k-€-2k€189€2k▲ 845%€32▼ 98.2%
2020: €2khighest in 5 years
2021: €-2k▼ -214% vs 2020lowest in 5 years
2022: €189▲ +108% vs 2021
2023: €2k▲ +845% vs 2022
2024: €32▼ -98.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €195k
Fixed assets
€11k ▼ 10.2%
Current assets
€184k ▲ 201%
Equity and liabilities €195k
Equity
€2k ▲ 1.6%
Debt
€193k ▲ 170%
Debt's share of the balance-sheet total rises from 97.3% to 99.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▲
2023 · €5k
Cash flow
€5k▲
2023 · €4k
Current ratio
0.95▲
2023 · 0.86
Quick ratio
0.79▼
2023 · 0.85
Debt to equity
96.25▲
2023 · 36.20
ROE
1.6%▼
2023 · 90.4%
ROA
0.0%▼
2023 · 2.4%
Interest coverage
8.80▼
2023 · 23.96
Debt ≤ 1 year
€193k▲
2023 · €71k
Income taxes
€265▲
2023 · €199
Staff costs
€10k▲
2023 · €749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€73k€195k▲
Fixed assets21/28€12k€11k▼
Intangible fixed assets21€1k€534▼
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€9k€6k▼
Financial fixed assets28€259€259=
Current assets29/58€61k€184k▲
Stocks and contracts in progress3€875€31k▲
Stocks30/36€875€11k▲
Contracts in progress37-€20k
Amounts receivable within one year40/41€55k€152k▲
Trade receivables40€50k€144k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€3k€8▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€73k€195k▲
Equity10/15€2k€2k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-18k€-18k▲
Amounts payable17/49€71k€193k▲
Amounts payable within one year42/48€71k€193k▲
Trade debts44€20k€21k▲
Suppliers440/4€20k€21k▲
Taxes, remuneration and social security45€1k€18k▲
Taxes450/3€498€12k▲
Remuneration and social security454/9€602€7k▲
Other amounts payable47/48€51k€154k▲
Income statement
Code20232024
Remuneration, social security and pensions62€749€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€504€507▲
Gross operating margin9900€6k€16k▲
Operating profit (loss)9901€2k€735▼
Financial income75/76B€14€194▲
Recurring financial income75€14€194▲
Financial charges65/66B€200€632▲
Recurring financial charges65€200€632▲
Profit (loss) for the period before taxes9903€2k€297▼
Income taxes67/77€199€265▲
Profit (loss) for the period9904€2k€32▼
Profit (loss) for the period to be appropriated9905€2k€32▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-18k▲
Profit (loss) brought forward from the previous period14P€-20k€-18k▲
Transfer from equity791/2€2k-
Transfer to equity691/2€2k-
To contributions691€2k-
Social balance
Average headcount (FTE)90870.21.0▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €749 | €10k | ▲ 1,249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €3k | €5k | ▲ 84.3% |
| Other operating charges640/8 | - | €180 | €457 | €504 | €507 | ▲ 0.6% |
| Gross operating margin9900 | €5k | €704 | €3k | €6k | €16k | ▲ 168% |
| Operating profit (loss)9901 | €3k | €-2k | €727 | €2k | €735 | ▼ 66.1% |
| Financial income75/76B | - | - | - | €14 | €194 | ▲ 1,286% |
| Recurring financial income75 | - | - | - | €14 | €194 | ▲ 1,286% |
| Financial charges65/66B | - | €559 | €296 | €200 | €632 | ▲ 216% |
| Recurring financial charges65 | €536 | €559 | €296 | €200 | €632 | ▲ 216% |
| Profit (loss) for the period before taxes9903 | €2k | €-2k | €431 | €2k | €297 | ▼ 85.0% |
| Income taxes67/77 | €216 | €284 | €242 | €199 | €265 | ▲ 33.2% |
| Profit (loss) for the period9904 | €2k | €-2k | €189 | €2k | €32 | ▼ 98.2% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-2k | €189 | €2k | €32 | ▼ 98.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €53k | €61k | €73k | €195k | ▲ 166% |
| Fixed assets21/28 | €6k | €4k | €5k | €12k | €11k | ▼ 10.2% |
| Intangible fixed assets21 | €3k | €2k | €2k | €1k | €534 | ▼ 55.1% |
| Tangible fixed assets22/27 | €3k | €2k | €3k | €11k | €10k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €1k | €2k | €2k | €5k | ▲ 164% |
| Furniture and vehicles24 | - | €455 | €748 | €9k | €6k | ▼ 37.6% |
| Financial fixed assets28 | - | - | - | €259 | €259 | = |
| Current assets29/58 | €54k | €49k | €56k | €61k | €184k | ▲ 201% |
| Stocks and contracts in progress3 | €550 | €275 | €550 | €875 | €31k | ▲ 3,408% |
| Stocks30/36 | - | €275 | €550 | €875 | €11k | ▲ 1,123% |
| Contracts in progress37 | - | - | - | - | €20k | - |
| Amounts receivable within one year40/41 | €45k | €46k | €50k | €55k | €152k | ▲ 175% |
| Trade receivables40 | - | €46k | €48k | €50k | €144k | ▲ 186% |
| Other amounts receivable41 | - | €387 | €2k | €5k | €8k | ▲ 64.8% |
| Cash at bank and in hand54/58 | €7k | €1k | €4k | €3k | €8 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▼ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €53k | €61k | €73k | €195k | ▲ 166% |
| Equity10/15 | €2k | €0 | €189 | €2k | €2k | ▲ 1.6% |
| Contributions10/11 | - | €19k | €19k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €-18k | €-20k | €-20k | €-18k | €-18k | ▲ 0.2% |
| Amounts payable17/49 | €58k | €53k | €61k | €71k | €193k | ▲ 170% |
| Amounts payable within one year42/48 | €58k | €53k | €61k | €71k | €193k | ▲ 170% |
| Trade debts44 | €27k | €9k | €11k | €20k | €21k | ▲ 5.0% |
| Suppliers440/4 | - | €9k | €11k | €20k | €21k | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | €632 | €527 | €1k | €18k | ▲ 1,576% |
| Taxes450/3 | - | €632 | €527 | €498 | €12k | ▲ 2,230% |
| Remuneration and social security454/9 | - | - | - | €602 | €7k | ▲ 1,035% |
| Other amounts payable47/48 | - | €44k | €50k | €51k | €154k | ▲ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-2k | €189 | €2k | €32 | ▼ 98.2% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €3k | €5k | ▲ 84.3% |
| Operating cash flow (approximation) | €4k | €-319 | €2k | €4k | €5k | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-10k | €-4k | ▲ 65.2% |
| Change in cash | - | €-6k | €3k | €-293 | €-3k | ▼ 1,042% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 56 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 42 days late
2022
31-12
Financial
Back to profitnet €189
Net result €189 after one loss-making year.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 51 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Villers-le-Bouillet · 2 establishment units since 1989
Ground area
7,082 m²
Building footprint
447 m²
Volume, LiDAR
1,917 m³
3 parcels, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue Gustave Robert(Jeh) 7, 4540 Amay
since 19892.046.151.454
Rue Général Leman 2, 4340 Awans
since 20232.349.708.303
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62106A1281/00E000 | Wallonia | 3,481 m² | 1 · 197 m² | 7.4 m · 2 fl. |
| 61021B0528/00X000 | Wallonia | 2,178 m² | 1 · 113 m² | - |
| 61022C0596/00D000 | Wallonia | 1,423 m² | 1 · 138 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 747 companies in sector 43332 we hold annual accounts for 411. 61 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
Founded01-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43332Laying of wooden floor and wall coverings
Scores and ratios are computed by Checked and are not a credit decision.