QUASI MODO
Open bankruptcyA bankruptcy procedure is open for QUASI MODO according to publications in the Belgian State Gazette; curator: KAREL ROMMENS. The 2023 annual accounts show negative equity (€-656k) and a net result of €-277k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 08-02-2024, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
8 d late
2022
48 d late
2021
26 d early
2020
6 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€-656k▼ 73.3%
2022 · €-378k
2019: €-236k
2020: €-213k
2021: €-304k
2022: €-378k
2019 → 2023
Total assets
€256k▼ 49.1%
2022 · €504k
2019: €303k
2020: €325k
2021: €279k
2022: €504k
2019 → 2023
Net result
€-277k▼ 273%
2022 · €-74k
2019: €-121k
2020: €23k
2021: €-90k
2022: €-74k
2019 → 2023
Working capital
€-497k▼ 66.7%
2022 · €-298k
2019: €-103k
2020: €-94k
2021: €-240k
2022: €-298k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-236k-€-213k▲ 9.7%€-304k▼ 42.4%€-378k▼ 24.5%€-656k▼ 73.3%
Operating result€-102k-€39k€-78k€-56k▲ 28.9%€-259k▼ 366%
Net result€-121k-€23k€-90k€-74k▲ 17.7%€-277k▼ 273%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €259k in 2023 against €56k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €256k
Fixed assets
€54k▼ 30.7%
Current assets
€203k▼ 52.4%
Key figures and ratios
EBITDA
€-247k▼
2022 · €-45k
Cash flow
€-265k▼
2022 · €-64k
Solvency
-255.7%▼
2022 · -75.1%
Current ratio
0.29▼
2022 · 0.59
Quick ratio
0.07▼
2022 · 0.11
Debt / equity
-1.39▲
2022 · -2.33
ROA
-108.2%▼
2022 · -14.8%
Interest coverage
-12.70▼
2022 · -2.33
Debt
€912k▲
2022 · €882k
Debt ≤ 1 year
€699k▼
2022 · €724k
Debt > 1 year
€200k▲
2022 · €146k
Staff costs
€166k▲
2022 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€504k€256k▼
Fixed assets21/28€78k€54k▼
Intangible fixed assets21€24k€18k▼
Tangible fixed assets22/27€42k€36k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€40k€35k▼
Financial fixed assets28€12k€0▼
Current assets29/58€426k€203k▼
Amounts receivable after more than one year29€17k€17k=
Other amounts receivable291€17k€17k=
Stocks and contracts in progress3€344k€155k▼
Stocks30/36€344k€155k▼
Amounts receivable within one year40/41€38k€27k▼
Trade receivables40€38k€27k▼
Other amounts receivable41€62€0▼
Cash at bank and in hand54/58€23k€3k▼
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€504k€256k▼
Equity10/15€-378k€-656k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€336€336=
Profit (loss) carried forward14€-401k€-678k▼
Amounts payable17/49€882k€912k▲
Amounts payable after more than one year17€146k€200k▲
Financial debts170/4€146k€200k▲
Amounts payable within one year42/48€724k€699k▼
Current portion of amounts payable after more than one year42€56k€55k▼
Financial debts43€80k€80k=
Credit institutions430/8€80k€80k=
Trade debts44€216k€172k▼
Suppliers440/4€216k€172k▼
Taxes, remuneration and social security45€60k€53k▼
Taxes450/3€28k€38k▲
Remuneration and social security454/9€32k€15k▼
Other amounts payable47/48€312k€339k▲
Accrued charges and deferred income492/3€12k€13k▲
Income statement
Code20222023
Remuneration, social security and pensions62€159k€166k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€18k
Other operating charges640/8€5k€7k▲
Gross operating margin9900€119k€-55k▼
Operating profit (loss)9901€-56k€-259k▼
Financial income75/76B€317€851▲
Recurring financial income75€317€851▲
Financial charges65/66B€19k€19k▲
Recurring financial charges65€19k€19k▲
Profit (loss) for the period before taxes9903€-74k€-277k▼
Profit (loss) for the period9904€-74k€-277k▼
Profit (loss) for the period to be appropriated9905€-74k€-277k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-401k€-678k▼
Profit (loss) brought forward from the previous period14P€-326k€-401k▼
Social balance
Average headcount (FTE)90873.93.6▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · QUASI MODO BV NOORD- STRAAT 11, 8800 ROESELARE · event 18-02-2025
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
30-06
Financial
Weakest financial yearnet €-277k
Net result drops to €-277k, the lowest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 48 days late
2022
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Noordstraat 118800 RoeselareGround area
381 m²
Building footprint
381 m²
Volume, LiDAR
2,832 m³
Parcel 36504D1307/00F000, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QUASI MODO
since 20162.253.979.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D1307/00F000 | Flanders | 381 m² | 1 · 381 m² | 15.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KAREL ROMMENS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
18-02-2025 → present |
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Of 2,212 companies in sector 47711 we hold annual accounts for 890. 630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-06-2016
Fiscal year end30-06
Activities, NACEBEL
47711Retail sale of women's outerwear
47251Retail sale of wines and spirits
47279Other retail sale of food
47299Retail trade
47712Retail trade
47715Retail trade
47742Retail sale of prescription glasses, lenses and sunglasses
47750Retail sale of cosmetics and toilet articles
47770Retail sale of watches and jewellery
47782Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:051240866