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modus operandi

Active
Private limited company (pre-2019)founded 2007active for 19 yearsRenaissancelaan 34, 1000 Brussel, Belgium11 active companies are registered at this addressKBO/BCE: BE 0887.807.049
Summary

The computed 12-month bankruptcy probability of modus operandi is 3.1% (moderate). The annual accounts of modus operandi for financial year 2024 show a net loss of 92% of the equity at the start of that year. The 2024 annual accounts show equity of €3,433 and a net result of -€40,744. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 577 sector peers (NACE 96, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
modus operandiActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Personal service activities
NACE 96910
8th largest employer in Brussels, Other services sector1 site
Size
≈ €4.6mturnover 2024, estimated
Staff
99 FTE
Equity
€3,433
Loss
-€40,744
Turnover estimated from the gross margin
Financial health
48 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.1%
Structure
2025 accounts not filed, 92 days past the deadline1 deed in the Belgian Official Gazette
Why 48raises riskFigures for financial year 2024 (filed 28-10-2025)Size: 99 FTE, total assets €511,241Loss of €40,744 (financial year 2024)lowers riskFounded in 2007Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 96, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 26-7
equity 0.7% of total assets
Liquidity 17-2
short-term debt 97.6% · cash 13.9%
Profitability 9-70
return on assets -8.0%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (128 companies, NACE 96, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.4%▲ +0.1 percentage points vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.3%▲ +0.3 percentage points vs 09-2025 11-2025: 2.0%▲ +0.7 percentage points vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 2.0%● unchanged vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 1.9%▼ -0.1 percentage points vs 04-2026 06-2026: 1.8%▼ -0.1 percentage points vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.5 percentage points vs 07-2026 09-2026: 2.6%▲ +0.2 percentage points vs 08-2026 10-2026: 3.1%▲ +0.5 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.99, compared with 1.13 in 2023, below 1; short-term debt: 97.6% and cash: 13.9% of total assets), and 99.3% of the assets are financed with debt and provisions.
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 96, medium-sized): better than 12% on solvency, 5% on liquidity, 15% on profitability and 4% on growth.

The bankruptcy probability was computed on 30-10-2026 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

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 28-10-2025)
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 99 FTE, total assets €511,241
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €40,744 (financial year 2024)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 577 sector peers (2024).
NBB · sector comparison
Position among 577 sector peers
Solvency
better than 22%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 92 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline31-10-2026 today
raises risk · 2024 accounts filed 85 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
85 days late
2023
30 days late
2022
53 days late
2021
122 days late
2020
52 days late
2019
75 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 70 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2023 · full…
  3. Annual accounts filedfinancial year 2022 · full…

Key points

  • Risk: 2025 accounts not fileddeadline was 31-07-2026 92 days past the deadline View
  • Caution: From profit to loss in 2024after €45,049 in 2023 -€40,744 View
  • Caution: Among the weakest 12% on net resultsector median €11,245 · 578 companies -€40,744 View
  • Flemish supportawarded from 2022 to 2025 €1.2m View

By topic

Financials

Financial year
2024
Total assets
€511,241
Loss
-€40,744
Solvency
0.7%
Total assets▼ 6.6%
Net result
20182024
Go to Financials

Timeline

Events
21
Since
2008
  1. 31-12-2022Back to profit
  2. 30-11-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Personal service activitiesNACE 96910
Founded
08-03-2007
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about modus operandi

What is the company number of modus operandi?
0887.807.049. In Belgium the VAT number is the company number with BE in front: BE 0887.807.049.
Where is modus operandi based?
The registered office is at Renaissancelaan 34, 1000 Brussel.Company details
What does modus operandi do?
According to the KBO register, the main activity is personal service activities (NACE 96910).
What is the legal form of modus operandi?
Private limited company (pre-2019) (BVBA).
When was modus operandi founded?
On 08-03-2007.
Is modus operandi still active?
Yes, modus operandi is an active enterprise in the KBO register.
How many employees does modus operandi have?
On average 99 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of modus operandi?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is modus operandi profitable?
In financial year 2024, modus operandi made a loss of €40,744.
Where can I find the annual accounts of modus operandi?
modus operandi filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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