Modular Building concept
ActiveSummary
Modular Building concept has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €56k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-3
Solvency98▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 8.01 against 5.52 in 2024; short-term debt: 10.4% and cash: 4.8% of total assets), and 26.6% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.4%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
37 d early
2023
30 d late
2022
59 d late
2021
29 d late
2020
81 d late
2019
111 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k▼ 24.6%
2024 · €74k
2018: €100k
2019: €82k
2020: €35k
2021: €-96
2022: €91k
2023: €127k
2024: €74k
2018 → 2025
Working capital
€1.13M▼ 0.8%
2024 · €1.14M
2018: €1.48M
2019: €1.58M
2020: €1.62M
2021: €1.53M
2022: €864k
2023: €1.20M
2024: €1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.35M-€1.23M▼ 8.3%€1.19M▼ 3.6%€1.14M▼ 4.2%€1.14M=
Operating result€2k-€-8k€169k€75k▼ 55.9%€53k▼ 28.6%
Net result€-96-€91k€127k▲ 40.5%€74k▼ 42.2%€56k▼ 24.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€259k ▼ 3.1%
Current assets
€1.29M ▼ 7.2%
Equity and liabilities €1.55M
Equity
€1.14M =
Provisions
€31k =
Debt
€381k ▼ 22.2%
Debt's share of the balance-sheet total falls from 29.5% to 24.5%. Debt is lower.
Key figures and ratios
EBITDA
€62k▼
2024 · €83k
Cash flow
€64k▼
2024 · €82k
Current ratio
8.01▲
2024 · 5.52
Debt to equity
0.33▼
2024 · 0.43
ROE
4.9%▼
2024 · 6.5%
ROA
3.6%▼
2024 · 4.4%
Interest coverage
5.74▼
2024 · 6.83
Debt ≤ 1 year
€161k▼
2024 · €252k
Debt > 1 year
€218k▼
2024 · €233k
Income taxes
€22k▲
2024 · €17k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€1.55M▼
Fixed assets21/28€267k€259k▼
Tangible fixed assets22/27€267k€259k▼
Land and buildings22€267k€259k▼
Current assets29/58€1.39M€1.29M▼
Amounts receivable within one year40/41€459k€392k▼
Trade receivables40€16k€2k▼
Other amounts receivable41€443k€390k▼
Current investments50/53€800k€819k▲
Cash at bank and in hand54/58€123k€75k▼
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.55M▼
Equity10/15€1.14M€1.14M=
Contributions10/11€19k€19k=
Reserves13€971k€971k=
Tax-exempt reserves132€113k€113k=
Distributable reserves133€858k€858k=
Profit (loss) carried forward14€150k€150k=
Provisions and deferred taxes16€31k€31k=
Deferred taxes168€31k€31k=
Amounts payable17/49€489k€381k▼
Amounts payable after more than one year17€233k€218k▼
Financial debts170/4€233k€218k▼
Amounts payable within one year42/48€252k€161k▼
Current portion of amounts payable after more than one year42€30k€23k▼
Trade debts44-€64
Suppliers440/4-€64
Taxes, remuneration and social security45€890€16k▲
Taxes450/3€890€16k▲
Other amounts payable47/48€221k€123k▼
Accrued charges and deferred income492/3€4k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€15k€26k▲
Gross operating margin9900€98k€87k▼
Operating profit (loss)9901€75k€53k▼
Financial income75/76B€29k€35k▲
Recurring financial income75€29k€35k▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€91k€78k▼
Income taxes67/77€17k€22k▲
Profit (loss) for the period9904€74k€56k▼
Profit (loss) for the period to be appropriated9905€74k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€274k€206k▼
Profit (loss) brought forward from the previous period14P€200k€150k▼
Profit to be distributed694/7€124k€56k▼
Return on contributions (dividend)694€124k€56k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €127k ▲40.5%
Operating result €169k, net result €127k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-96 ▼100%
Net result drops to €-96, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 218.34
Current ratio from 37.11 to 218.34; short-term debt falls from €45k to €7k.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 81 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 37.11
Current ratio from 15.20 to 37.11; short-term debt falls from €111k to €45k.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 111 days late
Show earlier events
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Raeren · 1 establishment unit since 1986
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.
Gewerbestrasse 364731 Raeren1 establishment unit
MODULAR BUILDING CONCEPT
since 19862.028.806.270
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 26,384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-1974
Fiscal year end31-12
Abbreviation DE
MBC Belgium
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filings
Scores and ratios are computed by Checked and are not a credit decision.