Active BE 0472.552.128Private limited company

MODULO ARCHITECTS

Tweehuizenweg 69 ·1200 Sint-Lambrechts-Woluwe, Belgium· 26 yrs active

Sector: Activities of building architects (71111)

Conclusion Checked

MODULO ARCHITECTS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €924k and a net result of €659k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 1933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€924k
Net result	€659k
Better than sector	33%
Active	26 yrs

Financial profile 5 of 5 axes measured · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 99

Solvency 58

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 26 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

86 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€80k

estimate, not credit advice

Score history

86 2021

100 2022

94 2023

73 2024

86 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.41 (≥ 1.0) +5

Quick ratio Quick ratio 1.41 (≥ 1.0) +5

Profitability ROE 71% (≥ 10%) +10

EBITDA margin EBITDA-marge 21% (≥ 10%) +8

Interest coverage Interest coverage 34.0× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 11-05-2026 with the NBB · fiscal year 2025 · abbreviated schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~12.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.4%	46.8%	better than 33% of 1933 sector peers
Net result	€659k	€30k	better than 95% of 1932 sector peers
Equity	€924k	€213k	better than 81% of 1935 sector peers
Gross operating margin	€1.18M	€124k	better than 90% of 1922 sector peers
Employees (FTE)	0.0	2.9	better than 12% of 972 sector peers

Revenue

€4.55M

- 21-25

EBITDA

€968k

-8.0% 21-25

Net profit

€659k

-8.0% 21-25

Cash flow

€702k

-8.3% 21-25

Total assets

€2.94M

-14.1% 21-25

Equity

€924k

+32.6% 21-25

Working capital

€669k

+45.3% 21-25

Employees (FTE)

0

- 21-25

Income taxes

€251k

-3.1% 21-25

Dividends

€432k

-60.2% 21-25

Debt

€2.02M

-26.0% 21-25

Debt ≤ 1y

€1.64M

-29.5% 21-25

Debt > 1y

€372k

-6.0% 21-25

Current ratio

1.41

+17.5% 21-25

Quick ratio

1.41

+17.5% 21-25

Solvency

31.4%

+54.3% 21-25

Debt / equity

2.18

-44.2% 21-25

ROE

71.4%

-30.6% 21-25

ROA

22.4%

+7.1% 21-25

Net margin

14.5%

- 21-25

EBITDA margin

21.3%

- 21-25

Interest coverage

34.05

-1.0% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	-8.0%	+46.1%	+273.7%	+57.0%	-
Net profit	-8.0%	+54.0%	+237.3%	+107.2%	-
Cash flow	-8.3%	+60.6%	+231.2%	+72.2%	-
Staff costs	-	-	-	-	-
Income taxes	-3.1%	+15.2%	+448.3%	+31.1%	-
Dividends	-60.2%	-	-	-	-
Total assets	-14.1%	+17.0%	+131.1%	+0.9%	-
Equity	+32.6%	-39.4%	+68.0%	+25.2%	-
Debt	-26.0%	+53.6%	+205.6%	-17.9%	-
of which ≤ 1y	-29.5%	+73.3%	+133.4%	-17.3%	-
of which > 1y	-6.0%	-7.0%	-	-	-
Working capital	+45.3%	-52.2%	+54.3%	+19.4%	-
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.41	1.20	1.72	2.08	1.75
Quick ratio	1.41	1.20	1.72	2.08	1.75
Working capital ratio	22.7%	13.5%	32.9%	49.3%	41.7%
Solvency	31.4%	20.4%	39.3%	54.1%	43.6%
Debt / equity	2.18	3.91	1.54	0.85	1.29
Long-term debt ratio	0.40	0.57	0.37	-	0.01
Interest coverage	34.05	34.41	36.61	22.89	13.45
Gross margin	24.8%	-	-	-	-
Net margin	14.5%	-	-	-	-
ROA	22.4%	20.9%	15.9%	10.9%	5.3%
ROE	71.4%	102.8%	40.5%	20.2%	12.2%
EBITDA margin	21.3%	-	-	-	-
Days sales outstanding	28d	-	-	-	-
Days payable outstanding	104d	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €630k · 21.4% Current assets €2.31M · 78.6%

Equity & liabilities

Equity €924k · 31.4% Debt €2.02M · 68.6%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.94M	€3.42M	€2.92M	€1.26M	€1.25M
Fixed assets	21/28	€630k	€632k	€617k	€65k	€35k
Intangible fixed assets	21	€9k	€4k	-	-	-
Tangible fixed assets	22/27	€536k	€543k	€547k	€10k	€16k
Financial fixed assets	28	€85k	€85k	€70k	€56k	€19k
Current assets	29/58	€2.31M	€2.79M	€2.31M	€1.20M	€1.22M
Amounts receivable within one year	40/41	€1.31M	€272k	€594k	€555k	€782k
Cash & bank	54/58	€898k	€2.40M	€1.63M	€593k	€369k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.94M	€3.42M	€2.92M	€1.26M	€1.25M
Equity	10/15	€924k	€697k	€1.15M	€684k	€546k
Contributions / capital	10/11	€16k	€16k	€20k	€19k	€19k
Reserves	13	€722k	€548k	€713k	€515k	€385k
Accumulated profits (losses)	14	€186k	€133k	€416k	€151k	€143k
Amounts payable	17/49	€2.02M	€2.73M	€1.77M	€581k	€707k
Amounts payable after one year	17	€372k	€395k	€425k	-	€5k
Amounts payable within one year	42/48	€1.64M	€2.33M	€1.34M	€576k	€696k
Trade debts payable within one year	44	€971k	€954k	€1.01M	€428k	€579k
Income statement
Turnover	70	€4.55M	-	-	-	-
Gross operating margin	9900	€1.18M	€1.06M	€730k	€202k	€135k
Operating result	9901	€925k	€1.00M	€708k	€187k	€106k
Financial income	75	€14k	€4k	€2k	€789	€1k
Financial charges	65	€28k	€31k	€20k	€8k	€9k
Result before taxes	9903	€910k	€975k	€690k	€179k	€98k
Income taxes	67/77	€251k	€259k	€225k	€41k	€31k
Net result for the period	9904	€659k	€716k	€465k	€138k	€67k
Result to be appropriated	9905	€659k	€716k	€465k	€138k	€67k

Legal Structure

NACE primary	Activities of building architects(71111)
Legal form	Private limited company(610)
Incorporation	09-08-2000
Status	Active
Postal code	1200

Establishment units 1 location

Tweehuizenweg 69, 1200 Sint-Lambrechts-Woluwe

Photography, excluding press photography

since 20002.236.563.840

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21018A0220/00G000	Brussels	3.5 ha	1 · 619 m²	31.0 m · 9 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

13-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2021net €716k ▲54%

Operating result €1.00M, net result €716k, both a record.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

31-12

Financial Equity above €1MEq €1.15M ▲68%

3 profitable years in a row build equity to €1.15M.

08-12

State Gazette act Director changes

Samuel WYNANT

05-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

07-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

02-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

12-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

17-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

31-05

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

23-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

08-12-2023 Discharge granted to the board Director changes·Samuel WYNANT

Notary: Samuel WYNANT · Brussel

Original publication ↗

Technical details

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  ],
  "notary": {
    "name": "Samuel WYNANT",
    "firm_city": null,
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  "act_meta": {
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  "decisions": [
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  "co_filed_documents": [
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activities of building architects71111Photography, excluding press photography74201

Names & trade names

Legal nameNL

MODULO ARCHITECTS

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