MODULO - MANAGEMENT
ActiveSummary
MODULO - MANAGEMENT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €267 and a net result of €305. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 835 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €267
- Profit
- €305
Why 92lowers riskSize: total assets €3,682Sector: Education (NACE 85)Figures for financial year 2025 (filed 08-07-2026)Founded in 1992Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 85, micro): better than 20% on solvency, 7% on liquidity, 32% on profitability and 99% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 20 days after the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €305
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €974 after a loss of €953 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93.1% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 931 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €387 | €387 | €1,255 | €869 | €1,770 | €901 | €6 | - | - |
| Other operating charges640/8 | - | - | - | €348 | - | €734 | €836 | €1,030 | ▲ 23.2% |
| Gross operating margin9900 | €1,222 | €6,009 | €870 | -€358 | -€243 | €3,170 | -€111 | €2,004 | - |
| Operating profit (loss)9901 | €488 | €5,274 | -€733 | -€1,574 | -€2,013 | €1,535 | -€953 | €974 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €20 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €20 | - |
| Financial charges65/66B | - | - | - | €122 | €162 | €190 | €168 | €179 | ▲ 6.1% |
| Recurring financial charges65 | €53 | €38 | €38 | €122 | €162 | €190 | €168 | €179 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €435 | €5,237 | -€770 | -€1,696 | -€2,174 | €1,345 | -€1,122 | €815 | - |
| Income taxes67/77 | - | - | €408 | - | €13 | - | - | €509 | - |
| Profit (loss) for the period9904 | €435 | €5,237 | -€1,178 | -€1,696 | -€2,187 | €1,345 | -€1,122 | €305 | - |
| Profit (loss) for the period to be appropriated9905 | €435 | €5,237 | -€1,178 | -€1,696 | -€2,187 | €1,345 | -€1,122 | €305 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7,293 | €7,389 | €6,590 | €1,961 | €3,374 | €2,244 | €4,157 | €3,682 | ▼ 11.4% |
| Fixed assets21/28 | €773 | €387 | €1,737 | €869 | €901 | €6 | - | - | - |
| Tangible fixed assets22/27 | €773 | €387 | €1,737 | €869 | €901 | €6 | - | - | - |
| Furniture and vehicles24 | - | - | - | €869 | €901 | €6 | - | - | - |
| Current assets29/58 | €6,519 | €7,002 | €4,853 | €1,092 | €2,473 | €2,238 | €4,157 | €3,682 | ▼ 11.4% |
| Amounts receivable within one year40/41 | - | - | - | €484 | - | €2,163 | €1,269 | €3,310 | ▲ 161% |
| Trade receivables40 | - | - | - | €484 | - | €2,163 | €1,269 | €1,113 | ▼ 12.3% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €2,197 | - |
| Cash at bank and in hand54/58 | €6,519 | €7,002 | €4,853 | €608 | €2,473 | €75 | €2,888 | €373 | ▼ 87.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7,293 | €7,389 | €6,590 | €1,961 | €3,374 | €2,244 | €4,157 | €3,682 | ▼ 11.4% |
| Equity10/15 | -€437 | €4,800 | €3,621 | €1,925 | -€262 | €1,083 | -€38 | €267 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€19,037 | -€13,800 | -€14,979 | -€16,675 | -€18,862 | -€17,517 | -€18,638 | -€18,333 | ▲ 1.6% |
| Amounts payable17/49 | €7,730 | €2,589 | €2,969 | €36 | €3,636 | €1,161 | €4,195 | €3,415 | ▼ 18.6% |
| Amounts payable within one year42/48 | €7,730 | €2,589 | €2,969 | €36 | €3,636 | €1,161 | €4,195 | €3,415 | ▼ 18.6% |
| Trade debts44 | - | - | €141 | €21 | - | €97 | €2,513 | €3,256 | ▲ 29.6% |
| Suppliers440/4 | - | - | - | €21 | - | €97 | €2,513 | €3,256 | ▲ 29.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €159 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €159 | - |
| Other amounts payable47/48 | - | - | - | €15 | €3,636 | €1,064 | €1,682 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €435 | €5,237 | -€1,178 | -€1,696 | -€2,187 | €1,345 | -€1,122 | €305 | - |
| + Depreciation and write-downs630 | €387 | €387 | €1,255 | €869 | €1,770 | €901 | €6 | - | - |
| Operating cash flow (approximation) | €821 | €5,624 | €77 | -€828 | -€417 | €2,246 | -€1,116 | €305 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,606 | €0 | -€1,802 | -€6 | - | - | - |
| Change in cash | - | €483 | -€2,150 | -€4,245 | €1,865 | -€2,398 | €2,812 | -€2,515 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00275076 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00361715 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00406811 |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00335750 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20345212 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36100085 |
| 31-12-2019 | micro format | 12-11-2020 | 2020-70100600 |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26600315 |
| 31-12-2017 | micro format | 20-08-2018 | 2018-48900270 |
| 31-12-2016 | micro format | 27-06-2017 | 2017-22300378 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANRYSSELBERGHE Nicolas |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-03
Gazette deed
Resignation: VANRYSSELBERGHE Nicolas (manager)Reappointment: VANRYSSELBERGHE Nicolas (sole director) · Capital conversion · Amendment of the articles8 facts ▸
- Director resignation, VANRYSSELBERGHE Nicolas (manager)
- Director reappointment, VANRYSSELBERGHE Nicolas (sole director)
- General meeting, 19-12-2023
- Other provision, “adaptation des statuts au Code des sociétés et des associations, adapter” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible, compte de capitaux propres “apports non appelés”” (deed in French)
- Other provision, “formes et majorités de la modification des statuts, suppression du compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21805E0093/00D002 | Brussels | 741 m² | 1 · 338 m² | 32.6 m · 10 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tous travaux de secrétariat ainsi que leurs organisation,la traduction de tous documents commerciaux et autres,l’organisation de…” (deed in French)
6 activities (deed in French)
- Tous travaux de secrétariat ainsi que leurs organisation,la traduction de tous documents commerciaux et autres,l’organisation de conférences,réunions,séminaires,meetings,banquets,loisirs artistiques,culturelles se rapportant directement ou indirectement à son objet.
- Elle peut,de façon générale,accomplir toutes opérations commerciales,industrielles,financières,mobilières et immobilières se rapportant directement ou indirectement à sion objet ou qui seraient de nature à en faciliter la réalisation.
- La société peut s’intéresser par toutes voies dans toutes affaires,entreprises ou sociétés existante ou à créer,ayant un objet identique,analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise ou qui seraient utiles à la réalisation de tout ou partie de son objet.
- Dans le cadre de son objet,la société peut acquérir et détenir,octroyer et exploiter,sous quelque forme que ce soit,toute licence,brevet,marque et information technique.
- La société peut exercer ses activités tant dans ses propres locaux que chez l’un des actionnaires ou chez un tiers.
- La société peut accepter la représentation de toute firme belge ou étrangère,servir d’intermédiaire,traité pour compte de tiers ou en participation.
- Name clauseThe name the company operates under according to its articles.
- MODULO MANAGEMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, pour autant que pareil déplacement n'impose pas la modification de la langue des statuts en vertu de la…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs, constituant un collège ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of April at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Respect des conditions prévues à l'article 2:80 du Code des sociétés et des associations” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Réalisation de l'actif,apurement du passif ou consignation des sommes nécessaires, réparti entre actionnaires en proportion des actions…” (deed in French)