ACTIVE

MODUL CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

253,0 k €

-74.6% YoY

Gross margin

933,9 k €

-54.7% YoY

Equity

26,4 M €

+125.1% YoY

What does MODUL CONSTRUCT do?

MODUL CONSTRUCT is a Public limited company incorporated in 1988. Its registered office is in Tongeren-Borgloon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.330.348

Incorporation

28/12/1988

Legal form

Public limited company

Registered office

Overhaamlaan 44
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

1 174 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	933,9 k €	-54.7%	2,1 M €	-20.0%	2,6 M €	-12.7%	3,0 M €	+5.6%	2,8 M €	-2.9%	2,9 M €	-2.9%	3,0 M €	+6.4%	2,8 M €	+1.9%	2,7 M €	-3.2%	2,8 M €	+16.7%	2,4 M €	+7.4%	2,3 M €	+54.1%	1,5 M €	+32.5%	1,1 M €	+4.1%	1,1 M €	+47.7%	718,6 k €	-28.2%	1,0 M €	+74.4%	573,6 k €	-9.6%	634,3 k €	+27945%	-2,3 k €
EBITDA	616,9 k €	-67.5%	1,9 M €	-21.5%	2,4 M €	-13.8%	2,8 M €	+5.6%	2,7 M €	-3.1%	2,7 M €	-3.3%	2,8 M €	+6.4%	2,7 M €	+1.6%	2,6 M €	+2.9%	2,6 M €	+21.9%	2,1 M €	+2.4%	2,0 M €	+65.2%	1,2 M €	+41.5%	874,2 k €	-7.1%	940,9 k €	+47.2%	639,0 k €	-30.7%	922,0 k €	+85.3%	497,6 k €	-12.0%	565,4 k €	+22862%	-2,5 k €
Operating result	319,3 k €	-74.1%	1,2 M €	-34.6%	1,9 M €	-19.7%	2,3 M €	+21.3%	1,9 M €	-13.3%	2,2 M €	-4.0%	2,3 M €	+7.9%	2,2 M €	+2.0%	2,1 M €	+3.6%	2,0 M €	+21.7%	1,7 M €	+2.2%	1,6 M €	+90.1%	861,7 k €	+52.7%	564,3 k €	-10.7%	632,2 k €	+90.5%	331,9 k €	-51.7%	687,8 k €	+99.4%	345,0 k €	+267%	93,9 k €	+3880%	-2,5 k €
Net result	253,0 k €	-74.6%	994,2 k €	-31.8%	1,5 M €	-17.3%	1,8 M €	+22.6%	1,4 M €	-12.5%	1,6 M €	+5.4%	1,6 M €	+46.2%	1,1 M €	-17.9%	1,3 M €	+6.0%	1,2 M €	-5.6%	1,3 M €	+23.0%	1,1 M €	+95.0%	541,1 k €	+55.2%	348,7 k €	-14.7%	408,8 k €	+98.6%	205,8 k €	-51.7%	426,5 k €	+85.4%	230,1 k €	+329%	53,6 k €	+1150%	-5,1 k €
Balance sheet
Equity	26,4 M €	+125%	11,7 M €	+9.3%	10,7 M €	+15.7%	9,3 M €	+23.4%	7,5 M €	+23.6%	6,1 M €	+11.8%	5,4 M €	+11.5%	4,9 M €	+27.9%	3,8 M €	+51.6%	2,5 M €	-4.0%	2,6 M €	+3.9%	2,5 M €	+22.0%	2,1 M €	+25.3%	1,7 M €	+26.7%	1,3 M €	+45.6%	895,5 k €	+29.8%	689,7 k €	+162%	263,2 k €	+696%	33,1 k €	+261%	-20,5 k €
Total assets	28,0 M €	+103%	13,8 M €	+8.6%	12,7 M €	-3.6%	13,2 M €	-2.3%	13,5 M €	+15.0%	11,7 M €	-2.4%	12,0 M €	+16.8%	10,3 M €	+7.7%	9,6 M €	-9.2%	10,5 M €	+1.9%	10,3 M €	+43.4%	7,2 M €	+1.6%	7,1 M €	+25.0%	5,7 M €	-5.4%	6,0 M €	-2.8%	6,2 M €	+31.1%	4,7 M €	+69.4%	2,8 M €	+17.6%	2,4 M €	+1627%	136,8 k €
Cash	1,7 M €	-56.5%	3,8 M €	+168%	1,4 M €	-75.4%	5,8 M €	+140%	2,4 M €	+90.0%	1,3 M €	-41.7%	2,2 M €	+144%	901,9 k €	+40.0%	644,3 k €	+50.5%	428,0 k €	-57.3%	1,0 M €	+64.7%	608,1 k €	-2.3%	622,4 k €	+29.0%	482,5 k €	-7.3%	520,5 k €	-4.0%	542,3 k €	+842%	57,5 k €	-20.4%	72,3 k €	+229%	22,0 k €	+330%	5,1 k €
Debts	172,7 k €	-68.9%	556,1 k €	+20.1%	463,0 k €	-79.8%	2,3 M €	-47.9%	4,4 M €	+7.2%	4,1 M €	-18.1%	5,0 M €	+30.8%	3,8 M €	-10.1%	4,2 M €	-34.3%	6,5 M €	+4.5%	6,2 M €	+93.8%	3,2 M €	-9.3%	3,5 M €	+38.6%	2,5 M €	-18.5%	3,1 M €	-15.1%	3,7 M €	+50.0%	2,5 M €	+145%	1,0 M €	+21.5%	823,8 k €	+424%	157,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,7 ETP	-28.9%	3,8 ETP	+26.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+100%	1,5 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Guy Lambrechts

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Pieter Bastiaens

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Raf Lambrechts

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Ended mandates

Guy Lambrechts

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Pieter Bastiaens

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Raf Lambrechts

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Jan-Peter Van Vliet

Director · since 02 mai 2014 · until 16 novembre 2019

Ended

Annual accounts

Full financial information

	2025	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2025	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020
Closing of the financial year	31/12/2025	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	20/01/2026	28/01/2025	19/01/2024	31/01/2023	31/01/2022
General meeting	18/06/2026	15/11/2025	16/11/2024	18/11/2023	19/11/2022	20/11/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	31/07/2026	Dutch	PDF
Abridged model	30/06/2025	15/11/2025	20/01/2026	Dutch	PDF
Abridged model	30/06/2024	16/11/2024	28/01/2025	Dutch	PDF
Abridged model	30/06/2023	18/11/2023	19/01/2024	Dutch	PDF
Abridged model	30/06/2022	19/11/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	20/11/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	21/11/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	16/11/2019	10/01/2020	Dutch	PDF
Abridged model	30/06/2018	17/11/2018	09/01/2019	Dutch	PDF
Abridged model	30/06/2017	18/11/2017	12/01/2018	Dutch	PDF
Abridged model	30/06/2016	19/11/2016	11/01/2017	Dutch	PDF
Abridged model	30/06/2015	21/11/2015	13/01/2016	Dutch	PDF
Abridged model	30/06/2014	15/11/2014	27/01/2015	Dutch	PDF
Abridged model	30/06/2013	16/11/2013	24/01/2014	Dutch	PDF
Abridged model	30/06/2012	17/11/2012	23/01/2013	Dutch	PDF
Abridged model	30/06/2011	19/11/2011	28/12/2011	Dutch	PDF
Abridged model	30/06/2010	20/11/2010	27/01/2011	Dutch	PDF
Abridged model	30/06/2009	21/11/2009	10/02/2010	Dutch	PDF
Abridged model	30/06/2008	15/11/2008	31/12/2008	Dutch	PDF
Abridged model	30/06/2007	17/11/2007	11/01/2008	Dutch	PDF
Full model	30/06/2006	31/12/2006	30/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Guy Lambrechts

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Pieter Bastiaens

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Raf Lambrechts

Managing director · since 18 décembre 2025 · until 18 juin 2031

Active

Ended mandates

Guy Lambrechts

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Pieter Bastiaens

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Raf Lambrechts

Managing director · since 20 septembre 2023 · until 17 novembre 2029

Ended

Jan-Peter Van Vliet

Director · since 02 mai 2014 · until 16 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates27/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN
PDF
Other15/10/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/02/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025253,0 k €↓
2025
Annual accounts 2025994,2 k €↓
2024
Annual accounts 20241,5 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 20221,4 M €↓
2021
Annual accounts 20211,6 M €↑
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 20191,1 M €↓
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 20171,2 M €↓
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014541,1 k €↑
2013
Annual accounts 2013348,7 k €↓
2012
Annual accounts 2012408,8 k €↑
2011
Annual accounts 2011205,8 k €↓
2010
Annual accounts 2010426,5 k €↑
2009
Annual accounts 2009230,1 k €↑
2008
Annual accounts 200853,6 k €↑
2007
Annual accounts 2007-5,1 k €
28/12/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MODUL CONSTRUCT

Overview

What does MODUL CONSTRUCT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline