MODEKLINKERS
ActiveSummary
MODEKLINKERS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+71
Solvency32▲+27
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
23%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 994 sector peers (2025).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
2 d early
2023
4 d early
2022
10 d early
2021
3 d early
2020
11 d early
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k
2024 · €-12k
2019: €23khighest in 7 years
2020: €21k▼ -5.5% vs 2019
2021: €6k▼ -73.1% vs 2020
2022: €10k▲ +70.6% vs 2021
2023: €-4k▼ -142% vs 2022
2024: €-12k▼ -187% vs 2023lowest in 7 years
2025: €5k▲ +144% vs 2024
2019 → 2025
Total assets
€74k▲ 22.3%
2024 · €61k
2019: €64k
2020: €83k▲ +28.4% vs 2019
2021: €108k▲ +30.6% vs 2020
2022: €113k▲ +4.4% vs 2021highest in 7 years
2023: €92k▼ -18.9% vs 2022
2024: €61k▼ -33.6% vs 2023lowest in 7 years
2025: €74k▲ +22.3% vs 2024
2019 → 2025
Net result
€17k
2024 · €-8k
2019: €-4k
2020: €363▲ +108% vs 2019
2021: €-16k▼ -4400% vs 2020
2022: €555▲ +104% vs 2021
2023: €-19k▼ -3528% vs 2022lowest in 7 years
2024: €-8k▲ +59.3% vs 2023
2025: €17k▲ +321% vs 2024highest in 7 years
2019 → 2025
Working capital
€-5k▲ 78.2%
2024 · €-22k
2019: €10k
2020: €14k▲ +32.8% vs 2019highest in 7 years
2021: €-1k▼ -109% vs 2020
2022: €-664▲ +47.9% vs 2021
2023: €-14k▼ -1995% vs 2022
2024: €-22k▼ -57.1% vs 2023lowest in 7 years
2025: €-5k▲ +78.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€10k▲ 70.6%€-4k€-12k▼ 187%€5k
2021: €6k
2022: €10k▲ +70.6% vs 2021highest in 5 years
2023: €-4k▼ -142% vs 2022
2024: €-12k▼ -187% vs 2023lowest in 5 years
2025: €5k▲ +144% vs 2024
Operating result€-16k-€827€-18k€-6k▲ 66.4%€18k
2021: €-16k
2022: €827▲ +105% vs 2021
2023: €-18k▼ -2332% vs 2022lowest in 5 years
2024: €-6k▲ +66.4% vs 2023
2025: €18k▲ +383% vs 2024highest in 5 years
Net result€-16k-€555€-19k€-8k▲ 59.3%€17k
2021: €-16k
2022: €555▲ +104% vs 2021
2023: €-19k▼ -3528% vs 2022lowest in 5 years
2024: €-8k▲ +59.3% vs 2023
2025: €17k▲ +321% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €6k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€12k ▼ 51.2%
Current assets
€63k ▲ 69.6%
Equity and liabilities €74k
Equity
€5k
Debt
€69k
Debt finances 93.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€30k▲
2024 · €6k
Cash flow
€29k▲
2024 · €4k
Current ratio
0.93▲
2024 · 0.63
Quick ratio
0.74▲
2024 · 0.32
Debt to equity
13.25▲
2024 · -6.11
ROE
327.9%
ROA
23.0%▲
2024 · -12.7%
Interest coverage
23.26▲
2024 · 2.92
Debt ≤ 1 year
€67k▲
2024 · €59k
Debt > 1 year
€2k▼
2024 · €14k
Staff costs
€15k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€74k▲
Fixed assets21/28€24k€12k▼
Tangible fixed assets22/27€24k€12k▼
Furniture and vehicles24€12k€7k▼
Leasing and similar rights25€12k€5k▼
Current assets29/58€37k€63k▲
Stocks and contracts in progress3€18k€13k▼
Stocks30/36€18k€13k▼
Amounts receivable within one year40/41€18k€33k▲
Trade receivables40€12k€25k▲
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€127€16k▲
Deferred charges and accrued income490/1€1k€888▼
Equity and liabilities
Total equity and liabilities10/49€61k€74k▲
Equity10/15€-12k€5k▲
Contributions10/11€19k€19k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€-30k€-13k▲
Amounts payable17/49€73k€69k▼
Amounts payable after more than one year17€14k€2k▼
Financial debts170/4€14k€2k▼
Amounts payable within one year42/48€59k€67k▲
Current portion of amounts payable after more than one year42€12k€12k▼
Financial debts43€8k€0▼
Credit institutions430/8€8k€0▼
Trade debts44€17k€34k▲
Suppliers440/4€17k€34k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€300€276▼
Remuneration and social security454/9€6k€2k▼
Other amounts payable47/48€15k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€42k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€1k€920▼
Gross operating margin9900€49k€46k▼
Operating profit (loss)9901€-6k€18k▲
Financial income75/76B€506€815▲
Recurring financial income75€506€815▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-8k€17k▲
Profit (loss) for the period9904€-8k€17k▲
Profit (loss) for the period to be appropriated9905€-8k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-13k▲
Profit (loss) brought forward from the previous period14P€-25k€-30k▼
Transfer from equity791/2€2k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €76k | €63k | €42k | €15k | ▼ 64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €13k | €12k | €12k | = |
| Other operating charges640/8 | - | €1k | €1k | €1k | €920 | ▼ 30.9% |
| Gross operating margin9900 | €73k | €89k | €58k | €49k | €46k | ▼ 7.4% |
| Operating profit (loss)9901 | €-16k | €827 | €-18k | €-6k | €18k | ▲ 383% |
| Financial income75/76B | - | €975 | €884 | €506 | €815 | ▲ 61.1% |
| Recurring financial income75 | €970 | €975 | €884 | €506 | €815 | ▲ 61.1% |
| Financial charges65/66B | - | €1k | €1k | €2k | €1k | ▼ 37.4% |
| Recurring financial charges65 | €726 | €1k | €1k | €2k | €1k | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €-16k | €577 | €-19k | €-8k | €17k | ▲ 321% |
| Income taxes67/77 | €83 | €22 | €0 | - | - | - |
| Profit (loss) for the period9904 | €-16k | €555 | €-19k | €-8k | €17k | ▲ 321% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €555 | €-19k | €-8k | €17k | ▲ 321% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108k | €113k | €92k | €61k | €74k | ▲ 22.3% |
| Fixed assets21/28 | €37k | €49k | €36k | €24k | €12k | ▼ 51.2% |
| Tangible fixed assets22/27 | €37k | €49k | €36k | €24k | €12k | ▼ 51.2% |
| Plant, machinery and equipment23 | - | €329 | €0 | - | - | - |
| Furniture and vehicles24 | - | €21k | €16k | €12k | €7k | ▼ 40.8% |
| Leasing and similar rights25 | - | €27k | €20k | €12k | €5k | ▼ 61.0% |
| Current assets29/58 | €71k | €64k | €56k | €37k | €63k | ▲ 69.6% |
| Stocks and contracts in progress3 | €35k | €18k | €21k | €18k | €13k | ▼ 28.9% |
| Stocks30/36 | - | €18k | €21k | €18k | €13k | ▼ 28.9% |
| Amounts receivable within one year40/41 | €14k | €35k | €32k | €18k | €33k | ▲ 87.7% |
| Trade receivables40 | - | €30k | €27k | €12k | €25k | ▲ 111% |
| Other amounts receivable41 | - | €4k | €5k | €6k | €8k | ▲ 39.6% |
| Cash at bank and in hand54/58 | €20k | €10k | €459 | €127 | €16k | ▲ 12,279% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €1k | €888 | ▼ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108k | €113k | €92k | €61k | €74k | ▲ 22.3% |
| Equity10/15 | €6k | €10k | €-4k | €-12k | €5k | ▲ 144% |
| Contributions10/11 | - | €14k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €0 | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Profit (loss) carried forward14 | €-6k | €-6k | €-25k | €-30k | €-13k | ▲ 56.1% |
| Amounts payable17/49 | €102k | €103k | €96k | €73k | €69k | ▼ 4.9% |
| Amounts payable after more than one year17 | €30k | €38k | €26k | €14k | €2k | ▼ 88.2% |
| Financial debts170/4 | - | €38k | €26k | €14k | €2k | ▼ 88.2% |
| Amounts payable within one year42/48 | €73k | €65k | €69k | €59k | €67k | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €12k | €12k | ▼ 1.5% |
| Financial debts43 | - | - | €8k | €8k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €8k | €8k | €0 | ▼ 100% |
| Trade debts44 | €42k | €27k | €32k | €17k | €34k | ▲ 94.4% |
| Suppliers440/4 | - | €27k | €32k | €17k | €34k | ▲ 94.4% |
| Taxes, remuneration and social security45 | - | €11k | €8k | €6k | €3k | ▼ 54.7% |
| Taxes450/3 | - | €657 | €2k | €300 | €276 | ▼ 8.0% |
| Remuneration and social security454/9 | - | €10k | €6k | €6k | €2k | ▼ 57.2% |
| Other amounts payable47/48 | - | €15k | €9k | €15k | €19k | ▲ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €555 | €-19k | €-8k | €17k | ▲ 321% |
| + Depreciation and write-downs630 | €10k | €12k | €13k | €12k | €12k | = |
| Operating cash flow (approximation) | €-6k | €12k | €-6k | €4k | €29k | ▲ 561% |
| Investment in fixed assets (approximation) | - | €-24k | €0 | €0 | €0 | - |
| Change in cash | - | €-10k | €-9k | €-332 | €16k | ▲ 4,806% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €555
Net result €555 after one loss-making year.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €363
Net result €363 after one loss-making year.
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Dilsen-Stokkem · 1 establishment unit since 2008
Ground area
880 m²
Building footprint
131 m²
Volume, LiDAR
662 m³
Parcel 72005B0370/00W002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Modeklinkers
since 20082.174.041.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005B0370/00W002 | Flanders | 880 m² | 1 · 131 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-10-2008
Fiscal year end31-03
Activities, NACEBEL 2025
42110Construction of roads and motorways
Scores and ratios are computed by Checked and are not a credit decision.