Summary
MODUMAT has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show a net result of -€82. Equity remains stable across the filed financial years (±0.3% per year). Its net result ranks better than 39% of 5,785 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Loss
- -€82
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Parent
- BESIX GROUP
- Holdings
- 1
- B2B GROUPDirector · permanent representative Gabriel UZGEN
- CdeW CONSULTINGDirector · permanent representative Christophe DE WALQUE
- NAEDOLDirector · permanent representative Julien NEYTS
Signalsraises riskLast filed accounts filed 59 days late; 3 of the last 3 late2025 accounts filed 59 days latelowers riskFounded in 1983Size: total assets €112,258Figures for financial year 2025 (filed 01-10-2026)Show the evidence
Bankruptcy probability
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 49 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€82
- Liquidity more than 5 timescurrent ratio 88.25
Financials · financial year 2025, full format
2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00538822.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €2,929 in 2025 against €3,463 in 2024; the loss shrinks.
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 68, Real estate 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, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | - | €2,929 | - |
| Gross operating margin9900 | - | - | - | -€2,661 | €500 | -€6,846 | -€3,463 | -€2,929 | ▲ 15.4% |
| Operating profit (loss)9901 | -€1,998 | -€1,872 | -€2,083 | -€2,661 | €500 | -€6,846 | -€3,463 | -€2,929 | ▲ 15.4% |
| Financial income75/76B | - | - | - | €42,590 | €32,076 | €24,084 | €4,934 | €3,521 | ▼ 28.6% |
| Recurring financial income75 | €42,863 | €46,340 | €39,981 | €26,328 | €32,076 | €24,084 | €4,934 | €3,521 | ▼ 28.6% |
| Non-recurring financial income76B | - | - | - | €16,262 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €16,872 | €541 | €682 | €662 | €674 | ▲ 1.8% |
| Recurring financial charges65 | €302 | €284 | €213 | €543 | €541 | €682 | €662 | €674 | ▲ 1.8% |
| Non-recurring financial charges66B | - | - | - | €16,329 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €40,564 | €44,183 | €11,496 | €23,057 | €32,035 | €16,556 | €809 | -€82 | - |
| Income taxes67/77 | €156 | €13,653 | €9,585 | €9,269 | -€4,231 | €5,873 | €221 | - | - |
| Profit (loss) for the period9904 | €40,408 | €30,530 | €1,911 | €13,788 | €36,266 | €10,683 | €588 | -€82 | - |
| Profit (loss) for the period to be appropriated9905 | €40,408 | €30,530 | €1,911 | €13,788 | €36,266 | €10,683 | €588 | -€82 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.3m | €5.3m | €5.3m | €5.3m | €5.4m | €0.1m | €0.1m | €0.1m | ▼ 4.8% |
| Fixed assets21/28 | €0.04m | €0.04m | €0.01m | €0.008m | €0.004m | - | - | €0.006m | - |
| Financial fixed assets28 | €0.04m | €0.04m | €0.01m | €0.008m | €0.004m | - | - | €0.006m | - |
| Current assets29/58 | €5.2m | €5.3m | €5.3m | €5.3m | €5.3m | €0.1m | €0.1m | €0.1m | ▼ 9.7% |
| Amounts receivable within one year40/41 | €5.2m | €5.2m | €5.3m | €5.3m | €5.3m | €0.1m | €0.1m | €0.1m | ▼ 9.4% |
| Trade receivables40 | - | - | - | €167 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €5.3m | €5.3m | €0.1m | €0.1m | €0.1m | ▼ 9.4% |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.02m | €0.001m | €0.01m | €0.001m | €0.003m | €0.002m | ▼ 20.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.3m | €5.3m | €5.3m | €5.3m | €5.4m | €0.1m | €0.1m | €0.1m | ▼ 4.8% |
| Equity10/15 | €5.3m | €5.3m | €5.3m | - | - | - | - | - | - |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.7m | €3.7m | €0.09m | €0.09m | €0.09m | = |
| Capital10 | - | - | - | €3.5m | €3.5m | €0.09m | €0.09m | €0.09m | = |
| Issued capital100 | - | - | - | €3.5m | €3.5m | €0.09m | €0.09m | €0.09m | = |
| Contributions outside capital11 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Share premium1100/10 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.009m | €0.009m | €0.009m | = |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.4m | €0.009m | €0.009m | €0.009m | = |
| Profit (loss) carried forward14 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €0.01m | €0.01m | €0.01m | ▼ 0.7% |
| Amounts payable17/49 | €0.001m | €0.01m | €0.02m | €0.009m | €0.004m | €0.005m | €0.007m | €0.001m | ▼ 81.0% |
| Amounts payable within one year42/48 | €0.001m | €0.01m | €0.02m | €0.009m | €0.004m | €0.005m | €0.007m | €0.001m | ▼ 82.2% |
| Trade debts44 | €0.001m | €0.001m | €0.001m | €274 | €0.001m | €0.001m | €0.002m | €0.001m | ▼ 43.9% |
| Suppliers440/4 | - | - | - | €274 | €0.001m | €0.001m | €0.002m | €0.001m | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.003m | €0.004m | €0.005m | - | - |
| Taxes450/3 | - | - | - | €0.009m | €0.003m | €0.004m | €0.005m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €76 | €73 | €105 | €89 | €97 | ▲ 9.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,408 | €30,530 | €1,911 | €13,788 | €36,266 | €10,683 | €588 | -€82 | - |
| Operating cash flow (approximation) | €40,408 | €30,530 | €1,911 | €13,788 | €36,266 | €10,683 | €588 | -€82 | - |
| Investment in fixed assets (approximation) | - | €0 | €26,189 | €1,193 | €4,784 | - | - | - | - |
| Change in cash | - | -€2,508 | -€9,595 | -€19,476 | €8,778 | -€9,241 | €2,078 | -€639 | - |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-09-2026 | 2026-00538822 |
| 31-12-2024 | full format | 30-09-2025 | 2025-00532511 |
| 31-12-2023 | full format | 30-10-2024 | 2024-00528772 |
| 31-12-2022 | full format | 26-09-2023 | 2023-00458379 |
| 31-12-2021 | full format | 22-08-2022 | 2022-20306805 |
| 31-12-2020 | full format | 10-08-2021 | 2021-47500533 |
| 31-12-2019 | full format | 15-09-2020 | 2020-53500401 |
| 31-12-2018 | full format | 05-07-2019 | 2019-29700116 |
| 31-12-2017 | full format | 31-07-2018 | 2018-42900584 |
| 31-12-2016 | full format | 26-06-2017 | 2017-23000427 |
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.
Directors
Board 3
Permanent representatives 3
Statutory auditor 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| B2B GROUP |
|
| CdeW CONSULTING |
|
| NAEDOL |
|
| Forvis Mazars Réviseurs d’Entreprises |
|
| SRL DELOITTE Réviseurs d'Entreprises |
|
Owners and capital
Owners
4 ownersChain of control
Highest known parent: BESIX Real Estate Development. The sources do not say who stands above it.
Owners 4
- BESIX REDparentSourceown accounts 202056.84%
- BESIX GROUPconsolidating parentconsolidates
- BESIX Real Estate Developmentconsolidating parentconsolidates
- Sourceown accounts 202043.16%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 14-12-2023 Capital stated in the deed · €90,000 · 87,975 shares
- 02-05-2023 Capital stated in the deed · €3,519,000 · 87,975 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
26.08%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
33 connected companiesShow 29 more companies with a shared director
History
Acts, filings and financial milestones
23-08
Gazette deed
Resignation: Mazars Réviseurs d'Entreprises (statutory auditor)Permanent representative: Sébastien SCHUEREMANS · Appointment: Deloitte Réviseurs d'Entreprises SRL (statutory auditor) · Auditor report5 facts ▸
- General meeting, 14-06-2024
- Auditor report, “prise de connaissance” (deed in French)
- Auditor resignation, Mazars Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Sébastien SCHUEREMANS
- Auditor appointment, Deloitte Réviseurs d'Entreprises SRL (statutory auditor)
14-12
Gazette deed
Capital & sharesCapital decrease · Capital · Amendment of the articles7 facts ▸
- General meeting, 30-11-2023
- Capital decrease
- Capital, €90,000
- Other provision, “primes d'émission et réserves légales après réduction”, EUR (deed in French)
- Amendment of the articles, 5
- Power of attorney (2 times)
- Power of attorney, Stijn JOYE
18-10
Gazette deed
Appointments: CdeW CONSULTING, B2B GROUP and 2 othersPermanent representatives: Christophe DE WALQUE, Gabriel UZGEN and 2 others10 facts ▸
- General meeting, 30-06-2023
- Other provision, “mandate expiry, échéance” (deed in French) (3 times)
- Director appointment, CdeW CONSULTING (director)
- Director appointment, B2B GROUP (director)
- Director appointment, NAEDOL (director)
- Permanent representative, Christophe DE WALQUE
- Permanent representative, Gabriel UZGEN
- Permanent representative, Julien NEYTS
- Auditor appointment, Mazars Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Sébastien Schueremans
02-05
Gazette deed
Amendment of the articlesCapital · Registered office clause · Power of attorney5 facts ▸
- Other provision, “modification de l'objet-rapport justificatif, I.MODIFICATION DE L’OBJET-A.Rapport” (deed in French)
- Amendment of the articles
- Capital, €3,519,000
- Registered office clause, “Woluwe-Saint-Lambert (1200 Bruxelles),Avenue des Communautés,100” (deed in French)
- Power of attorney
Show earlier events
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 11 have 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 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0424.745.677
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 |
|---|---|---|---|---|
| 21018A0151/00E000 | Brussels | 2,591 m² | 1 · 1,070 m² | 27.7 m · 8 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MODUMAT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, peut établir,par décision du conseil d'administration,des sièges administratifs,sièges…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Illimitée, personnes physiques ou morales,actionnaires ou non” (deed in French)“Conseil peut nommer parmi membres, en cas absence ou empêchement,conseil désigne membre pour remplacer” (deed in French)1 more provision on this in the deed
- Permanent representativeA company that is a director names a natural person to carry out the mandate on its behalf.
- “Représentant permanent” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 09:00