MODULOID
ActiveSummary
MODULOID has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€26,560) and a net result of €7,256. Equity is growing by about 9.1% per year across the filed financial years. Its solvency ranks better than 5% of 183 sector peers (NACE 73, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 16% above 2025 and is the highest result in the available series.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: 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.
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 3,794 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €191 | - | - | - | - | - | - | - | - |
| Gross operating margin9900 | €10,043 | €7,756 | €2,546 | €2,283 | €3,565 | €2,787 | €6,263 | €7,286 | ▲ 16.3% |
| Operating profit (loss)9901 | €9,852 | €7,756 | €2,546 | €2,283 | €3,565 | €2,787 | €6,263 | €7,286 | ▲ 16.3% |
| Financial charges65/66B | - | - | - | €25 | €27 | €30 | €30 | €30 | = |
| Recurring financial charges65 | €25 | €25 | €25 | €25 | €27 | €30 | €30 | €30 | = |
| Profit (loss) for the period before taxes9903 | €9,827 | €7,731 | €2,521 | €2,258 | €3,539 | €2,757 | €6,233 | €7,256 | ▲ 16.4% |
| Profit (loss) for the period9904 | €9,827 | €7,731 | €2,521 | €2,258 | €3,539 | €2,757 | €6,233 | €7,256 | ▲ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €9,827 | €7,731 | €2,521 | €2,258 | €3,539 | €2,757 | €6,233 | €7,256 | ▲ 16.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1,560 | €2,241 | €1,011 | €1,169 | €1,355 | €1,182 | €4,522 | €6,559 | ▲ 45.0% |
| Current assets29/58 | €1,560 | €2,241 | €1,011 | €1,169 | €1,355 | €1,182 | €4,522 | €6,559 | ▲ 45.0% |
| Amounts receivable within one year40/41 | €1,314 | €365 | €570 | €410 | €605 | €990 | €3,089 | €2,546 | ▼ 17.6% |
| Trade receivables40 | - | - | - | €410 | €605 | €990 | €3,089 | €2,546 | ▼ 17.6% |
| Cash at bank and in hand54/58 | €246 | €1,753 | €441 | €759 | €750 | €60 | €1,301 | €3,878 | ▲ 198% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €132 | €132 | €135 | ▲ 2.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1,560 | €2,241 | €1,011 | €1,169 | €1,355 | €1,182 | €4,522 | €6,559 | ▲ 45.0% |
| Equity10/15 | -€58,855 | -€51,124 | -€48,603 | -€46,345 | -€42,806 | -€40,049 | -€33,816 | -€26,560 | ▲ 21.5% |
| Contributions10/11 | €29,747 | €29,747 | - | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Reserves13 | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | = |
| Non-distributable reserves130/1 | - | - | - | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | = |
| Reserves not available under the articles1311 | - | - | - | €1,710 | €1,710 | €1,710 | €1,710 | €1,710 | = |
| Profit (loss) carried forward14 | -€90,312 | -€82,581 | -€80,061 | -€77,803 | -€74,264 | -€71,507 | -€65,274 | -€58,018 | ▲ 11.1% |
| Amounts payable17/49 | €60,414 | €53,364 | €49,614 | €47,514 | €44,162 | €41,231 | €38,338 | €33,119 | ▼ 13.6% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €49,000 | €47,000 | €40,000 | €30,000 | €30,000 | €20,000 | ▼ 33.3% |
| Other amounts payable178/9 | - | - | - | €47,000 | €40,000 | €30,000 | €30,000 | €20,000 | ▼ 33.3% |
| Amounts payable within one year42/48 | €10,414 | €3,364 | €614 | €514 | €4,162 | €11,231 | €8,338 | €13,119 | ▲ 57.3% |
| Trade debts44 | - | - | - | - | €348 | €517 | €520 | €535 | ▲ 2.9% |
| Suppliers440/4 | - | - | - | - | €348 | €517 | €520 | €535 | ▲ 2.9% |
| Other amounts payable47/48 | - | - | - | €514 | €3,814 | €10,714 | €7,819 | €12,584 | ▲ 61.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,827 | €7,731 | €2,521 | €2,258 | €3,539 | €2,757 | €6,233 | €7,256 | ▲ 16.4% |
| + Depreciation and write-downs630 | €191 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €10,018 | €7,731 | €2,521 | €2,258 | €3,539 | €2,757 | €6,233 | €7,256 | ▲ 16.4% |
| Change in cash | - | €1,507 | -€1,312 | €318 | -€9 | -€691 | €1,241 | €2,577 | ▲ 108% |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 01-01-2026 | micro format | 29-05-2026 | 2026-00134503 |
| 01-01-2025 | micro format | 16-06-2025 | 2025-00159553 |
| 01-01-2024 | micro format | 19-07-2024 | 2024-00275044 |
| 01-01-2023 | micro format | 26-07-2023 | 2023-00286959 |
| 01-01-2022 | micro format | 22-04-2022 | 2022-20011971 |
| 01-01-2021 | micro format | 26-04-2021 | 2021-11400018 |
| 01-01-2020 | micro format | 19-05-2020 | 2020-12600115 |
| 01-01-2019 | micro format | 30-04-2019 | 2019-12000338 |
| 01-01-2018 | micro format | 23-04-2018 | 2018-10600545 |
| 01-01-2017 | micro format | 25-07-2017 | 2017-37900080 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.