ACTIVE

Modulor

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Financial year 2025 · closed on 30/09/2025

Net result

125,2 k €

+317.0% YoY

Gross margin

239,1 k €

+82.1% YoY

Equity

4,5 M €

+2.8% YoY

What does Modulor do?

Modulor is a Public limited company incorporated in 1989. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.314.789

Incorporation

11/09/1989

Legal form

Public limited company

Registered office

Schuttershofstraat 21
2000 Antwerpen · FlandreSee on map

Contributed capital

62 500,00 €

Latest accounts

30/09/2025

Joint committees (2)

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	239,1 k €	+82.1%	131,3 k €	+4892%	2,6 k €	-99.9%	4,1 M €	+2422%	161,2 k €	-19.1%	199,2 k €	-38.7%	324,9 k €	-28.1%	451,7 k €	+5.4%	428,4 k €	+2.9%	416,4 k €	-7.4%	449,7 k €	+1.1%	445 k €	+3.6%	429,6 k €	+15.9%	370,7 k €	+8.8%	340,7 k €	+2.6%	332,1 k €	+21.7%	272,8 k €	-18.7%	335,5 k €	+84.3%	182 k €
EBITDA	208 k €	+105%	101,5 k €	+511%	-24,7 k €	-101%	4 M €	+2940%	132,9 k €	-22.5%	171,5 k €	-40.6%	288,9 k €	-29.5%	409,7 k €	+7.5%	381 k €	+3.3%	368,8 k €	-7.8%	400 k €	+0.1%	399,6 k €	+4.8%	381,3 k €	+14.5%	332,9 k €	+9.5%	303,9 k €	+2.2%	297,4 k €	+24.9%	238 k €	-23.7%	311,9 k €	+83.6%	169,9 k €
Operating result	74,7 k €	+289%	-39,6 k €	+84.8%	-260,9 k €	-107%	3,9 M €	+52033%	7,5 k €	-87.3%	59 k €	-66.6%	176,4 k €	-40.6%	296,8 k €	+12.8%	263,2 k €	+6.1%	248 k €	-6.8%	266,1 k €	+30.4%	204 k €	-25.1%	272,2 k €	+38.6%	196,4 k €	+1.3%	193,9 k €	-14.0%	225,6 k €	+37.6%	163,9 k €	-29.8%	233,3 k €	+504%	38,7 k €
Net result	125,2 k €	+317%	-57,7 k €	+81.0%	-304,1 k €	-111%	2,9 M €	+745934%	-386,4 €	-101%	32 k €	-70.8%	109,6 k €	-40.7%	184,7 k €	+509%	30,4 k €	-79.4%	147,7 k €	-1.0%	149,1 k €	+45.8%	102,3 k €	-38.3%	165,9 k €	+92.4%	86,2 k €	-5.1%	90,8 k €	-11.1%	102,2 k €	+46.2%	69,9 k €	-39.5%	115,6 k €	-62.0%	304,4 k €
Balance sheet
Equity	4,5 M €	+2.8%	4,4 M €	-1.3%	4,5 M €	-6.4%	4,8 M €	+152%	1,9 M €	-0.0%	1,9 M €	+1.7%	1,9 M €	+6.2%	1,8 M €	+11.7%	1,6 M €	+2.0%	1,5 M €	+10.6%	1,4 M €	+12.0%	1,2 M €	+7.0%	1,2 M €	+16.6%	997,9 k €	+9.5%	911,7 k €	+11.1%	820,9 k €	+14.2%	718,6 k €	+10.8%	648,7 k €	+21.7%	533,1 k €
Total assets	6,6 M €	+0.6%	6,6 M €	-3.2%	6,8 M €	-11.2%	7,7 M €	+108%	3,7 M €	+3.9%	3,5 M €	-0.5%	3,6 M €	-3.5%	3,7 M €	+0.7%	3,7 M €	+1.3%	3,6 M €	-1.4%	3,7 M €	-3.9%	3,8 M €	+21.6%	3,1 M €	+0.6%	3,1 M €	+16.3%	2,7 M €	+13.9%	2,4 M €	+2.6%	2,3 M €	-0.9%	2,3 M €	+1.5%	2,3 M €
Cash	99,3 k €	-39.8%	164,9 k €	-79.4%	800,6 k €	-79.1%	3,8 M €	+2909%	127,5 k €	-17.0%	153,6 k €	+92.6%	79,8 k €	-60.7%	203,1 k €	+182%	72,1 k €	+72.3%	41,9 k €	-4.8%	44 k €	+19.2%	36,9 k €	+26.4%	29,2 k €	-48.8%	57 k €	+15.4%	49,4 k €	+0.3%	49,2 k €	+14.0%	43,2 k €	-36.5%	68 k €	-29.8%	96,8 k €
Debts	2,1 M €	-4.0%	2,2 M €	-4.4%	2,3 M €	-19.8%	2,8 M €	+62.4%	1,7 M €	+5.8%	1,6 M €	-3.0%	1,7 M €	-12.3%	1,9 M €	-7.6%	2,1 M €	+0.8%	2,1 M €	-8.4%	2,3 M €	-11.6%	2,6 M €	+29.8%	2 M €	-6.8%	2,1 M €	+20.7%	1,8 M €	+15.5%	1,5 M €	-1.4%	1,5 M €	-5.6%	1,6 M €	-6.5%	1,7 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,7 ETP	-22.2%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+14.3%	0,7 ETP	0.0%	0,7 ETP	+16.7%	0,6 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 13 ended

Active mandates

Marijke Van Rossem

Director · since 28 mars 2026

Active

Victor Werner

Managing director · since 28 mars 2026

Active

Ended mandates

Marijke Van Rossem

Director · since 28 mars 2020

Ended

Victor Werner

Managing director · since 28 mars 2020

Ended

Marijke Van Rossem

Director · since 20 mars 2020

Ended

Lubertus Huls

Director · since 24 mars 2018 · until 23 mars 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Ziekenkas Henri Beliard● Active	0411.719.270

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	29/05/2024	02/05/2023	29/04/2022	13/04/2021
General meeting	30/04/2026	30/04/2025	28/05/2024	25/03/2023	26/03/2022	27/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	30/04/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	30/04/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	28/05/2024	29/05/2024	Dutch	PDF
Micro model	30/09/2022	25/03/2023	02/05/2023	Dutch	PDF
Micro model	30/09/2021	26/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	27/03/2021	13/04/2021	Dutch	PDF
Micro model	30/09/2019	28/03/2020	30/03/2020	Dutch	PDF
Micro model	30/09/2018	23/03/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	24/03/2018	24/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	22/03/2014	28/03/2014	Dutch	PDF
Abridged model	30/09/2012	23/03/2013	29/03/2013	Dutch	PDF
Abridged model	30/09/2011	24/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	26/03/2011	07/06/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	22/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 2 active · 13 ended

Active mandates

Marijke Van Rossem

Director · since 28 mars 2026

Active

Victor Werner

Managing director · since 28 mars 2026

Active

Ended mandates

Marijke Van Rossem

Director · since 28 mars 2020

Ended

Victor Werner

Managing director · since 28 mars 2020

Ended

Marijke Van Rossem

Director · since 20 mars 2020

Ended

Lubertus Huls

Director · since 24 mars 2018 · until 23 mars 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2011
KAPITAAL - AANDELEN
PDF
Mandates10/04/2008
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 2025125,2 k €↑
2024
Annual accounts 2024-57,7 k €↑
2023
Annual accounts 2023-304,1 k €↓
2022
Annual accounts 20222,9 M €↑
2021
Annual accounts 2021-386,4 €↓
2020
Annual accounts 202032 k €↓
2019
Annual accounts 2019109,6 k €↓
2018
Annual accounts 2018184,7 k €↑
2017
Annual accounts 201730,4 k €↓
2016
Annual accounts 2016147,7 k €↓
2015
Annual accounts 2015149,1 k €↑
2014
Annual accounts 2014102,3 k €↓
2013
Annual accounts 2013165,9 k €↑
2012
Annual accounts 201286,2 k €↓
2011
Annual accounts 201190,8 k €↓
2010
Annual accounts 2010102,2 k €↑
2009
Annual accounts 200969,9 k €↓
2008
Annual accounts 2008115,6 k €↓
2007
Annual accounts 2007304,4 k €
11/09/1989
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

Modulor

Overview

What does Modulor do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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