Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for MODA LA according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-39k) and a net result of €-39k.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events22-04-2026
Bankruptcy
Opening
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-03-2026, 34 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.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
There is a single filed set of accounts, closing on 30-06. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 06-03-2026 | 34 d late | 2026-00049694 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
3 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-39k
Working capital€-42k
Directors1
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 06-03-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -82.8% | 25.9% | |
| Net result | €-39k | €7k | |
| Equity | €-39k | €23k | |
| Gross operating margin | €27k | €64k | |
| Staff costs | €61k | €52k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-36k |
| Net profit | €-39k |
| Cash flow | €-37k |
| Staff costs | €61k |
| Income taxes | - |
| Dividends | - |
| Total assets | €47k |
| Equity | €-39k |
| Debt | €86k |
| of which ≤ 1y | €83k |
| of which > 1y | €222 |
| Working capital | €-42k |
| Employees (FTE) | 1.1 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.49 |
| Quick ratio | 0.44 |
| Working capital ratio | -89.8% |
| Solvency | -82.8% |
| Debt / equity | -2.21 |
| Long-term debt ratio | -0.01 |
| Interest coverage | -35.78 |
| Gross margin | - |
| Net margin | - |
| ROA | -82.8% |
| ROE | 100.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | 45d |
| Inventory turnover | 68.71 |
| Days inventory (DSI) | 5d |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €47k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €6k |
| Financial fixed assets | 28 | €950 |
| Current assets | 29/58 | €40k |
| Stocks & contracts in progress | 3 | €4k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €20k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k |
| Equity | 10/15 | €-39k |
| Accumulated profits (losses) | 14 | €-39k |
| Amounts payable | 17/49 | €86k |
| Amounts payable after one year | 17 | €222 |
| Amounts payable within one year | 42/48 | €83k |
| Trade debts payable within one year | 44 | €34k |
| Income statement | ||
| Gross operating margin | 9900 | €27k |
| Operating result | 9901 | €-38k |
| Financial income | 75 | €47 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-39k |
| Net result for the period | 9904 | €-39k |
| Result to be appropriated | 9905 | €-39k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 directorFormer directors (1)
-
Former- → 31-10-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | GERALDINE LEDOUX AVENUE BARON LOUIS
HUART 29, 5000 NAMUR |
16-04-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 22-04-2024 |
| Status | Active |
| Postal code | 5650 |
| First BS signal | 22-04-2026 |
| Latest BS signal | 22-04-2026 |
Structure & network
Company structure: linked entities
1 linked entityMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationLa Moda
since 20242.358.806.903
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area147 m²
Buildings1
Building footprint66 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93088C0252/00G000 | Wallonia | 147 m² | 1 · 65 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette22-04-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts All acts · 2
updated 6 months ago
2026
11-02-2026 Quelbani Hicham resigns as director
2024
24-04-2024 Incorporation of a new SRL
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes33
/ 100
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
0
Profitability
100
Solvency
33
Growth
-
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
| Legal nameFR | MODA LA |
Registered office
Place de l'Hôtel de Ville(Wal) 10
5650 Walcourt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.