Terrassement Louis Modave
ActiveThe computed 12-month bankruptcy probability of Terrassement Louis Modave is 2.7% (moderate). The 2025 annual accounts show equity of €32k and a net result of €9k. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 27619 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-14
Solvency40▼-15
Growth78=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.42 in 2024; short-term debt: 30.2% and cash: 9.1% of total assets), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
14.8%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 17%
← weakest
strongest →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
10 d early
2024
35 d early
2023
13 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▲ 36.2%
2024 · €24k
2023: €11k
2024: €24k
2023 → 2025
Total assets
€217k▲ 174%
2024 · €79k
2023: €61k
2024: €79k
2023 → 2025
Net result
€9k▼ 29.9%
2024 · €12k
2023: €8k
2024: €12k
2023 → 2025
Working capital
€-16k▲ 51.6%
2024 · €-32k
2023: €-30k
2024: €-32k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€11k-€24k▲ 107%€32k▲ 36.2%
Operating result€11k-€17k▲ 48.3%€14k▼ 19.4%
Net result€8k-€12k▲ 44.8%€9k▼ 29.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217k
Fixed assets
€167k▲ 199%
Current assets
€50k▲ 115%
Equity and liabilities €217k
Equity
€32k▲ 36.2%
Debt
€185k▲ 233%
The debt ratio rises from 70.2% to 85.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40k▲
2024 · €37k
Cash flow
€35k▲
2024 · €32k
Solvency
14.8%▼
2024 · 29.8%
Current ratio
0.76▲
2024 · 0.42
Quick ratio
0.76▲
2024 · 0.42
Debt / equity
5.77▲
2024 · 2.36
ROE
26.6%▼
2024 · 51.6%
ROA
3.9%▼
2024 · 15.4%
Interest coverage
25.83▼
2024 · 213.44
Debt
€185k▲
2024 · €55k
Debt ≤ 1 year
€65k▲
2024 · €55k
Debt > 1 year
€119k
Income taxes
€4k▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€79k€217k▲
Fixed assets21/28€56k€167k▲
Tangible fixed assets22/27€55k€166k▲
Land and buildings22-€130k
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€51k€34k▼
Financial fixed assets28€490€490=
Current assets29/58€23k€50k▲
Amounts receivable within one year40/41€8k€29k▲
Trade receivables40€7k€27k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€13k€20k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€79k€217k▲
Equity10/15€24k€32k▲
Contributions10/11€3k€3k=
Reserves13€21k€29k▲
Distributable reserves133€21k€29k▲
Amounts payable17/49€55k€185k▲
Amounts payable after more than one year17-€119k
Financial debts170/4-€119k
Amounts payable within one year42/48€55k€65k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€45k€43k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€27k▲
Other operating charges640/8€963€19k▲
Gross operating margin9900€38k€60k▲
Operating profit (loss)9901€17k€14k▼
Financial charges65/66B€173€2k▲
Recurring financial charges65€173€2k▲
Profit (loss) for the period before taxes9903€17k€12k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€12k€9k▼
Profit (loss) for the period to be appropriated9905€12k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€9k▼
Transfer to equity691/2€12k€9k▼
To other reserves6921€12k€9k▼
The notes to these accounts (7 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €12k ▲44.8%
Operating result €17k, net result €12k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Couvin · 1 establishment unit since 2023
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.
Rue de Signy, Pes. 565660 CouvinGround area
421 m²
Building footprint
118 m²
Parcel 93053B0115/00T004, Wallonia. Linked by address, not a title deed.
1 establishment unit
Terrassement Louis Modave
since 20232.342.490.810
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93053B0115/00T004 | Wallonia | 421 m² | 1 · 118 m² | - |
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.
Similar companies · same sector, comparable size
VANLERBERGHE SERVICE
BE 0690.528.251
Zedelgem · Eq €32k
BINFRA
BE 0801.048.863
Zele · Eq €32k
JN Terrassement
BE 0766.767.380
Clavier · Eq €32k
ALL PROWORKS
BE 0795.729.107
Zaventem · Eq €32k
Verschaeren Projects
BE 0795.796.710
Boortmeerbeek · Eq €32k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,261 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2023
Fiscal year end31-12
Abbreviation FR
T.L.M.
Activities, NACEBEL
43120Site preparation
01610Support activities for crop production
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.