NORMAL SITUATION

Module-R

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Financial year 2023 · closed on 31/12/2023

Net result

1,7 k €

-91.7% YoY

Gross margin

35,8 k €

-54.5% YoY

Equity

135,5 k €

+1.3% YoY

Company — Normal situation.

What does Module-R do?

Module-R is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.908.134

Legal form

Private company with limited liability

Contributed capital

18 592,01 €

Latest accounts

31/12/2023

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	35,8 k €	-54.5%	78,7 k €	-16.9%	94,6 k €	+341%	21,5 k €	+26.9%	16,9 k €	-18.0%	20,6 k €	-34.3%	31,4 k €	+54.4%	20,3 k €	+9.5%	18,6 k €	+15.8%	16 k €	+24.2%	12,9 k €	+849%	-1,7 k €	+25.8%	-2,3 k €	-135%	6,6 k €	+123%	-29 k €	-404%	9,5 k €	+901%	953,4 €	-90.0%	9,6 k €
EBITDA	5 k €	-83.6%	30,5 k €	-56.9%	70,7 k €	+228%	21,6 k €	+40.7%	15,3 k €	+159%	5,9 k €	-64.5%	16,6 k €	+186%	5,8 k €	+41.6%	4,1 k €	+178%	1,5 k €	-40.5%	2,5 k €	+235%	-1,8 k €	+34.5%	-2,8 k €	-151%	5,5 k €	+119%	-29,7 k €	-428%	9 k €	+6054%	146,9 €	-98.2%	8,2 k €
Operating result	3 k €	-89.4%	28,6 k €	-59.3%	70,2 k €	+231%	21,2 k €	+41.7%	15 k €	+170%	5,5 k €	-66.7%	16,6 k €	+207%	5,4 k €	+46.0%	3,7 k €	+243%	1,1 k €	-51.0%	2,2 k €	+192%	-2,4 k €	+30.9%	-3,5 k €	-177%	4,5 k €	+113%	-34 k €	-1011%	-3,1 k €	+73.4%	-11,5 k €	-334%	4,9 k €
Net result	1,7 k €	-91.7%	20,6 k €	-63.2%	55,8 k €	+245%	16,2 k €	+0.8%	16,1 k €	+257%	4,5 k €	-70.9%	15,5 k €	+226%	4,7 k €	+75.1%	2,7 k €	+977%	251,7 €	-68.4%	796,9 €	+139%	-2 k €	+40.6%	-3,4 k €	-179%	4,3 k €	+113%	-32,9 k €	-2394%	-1,3 k €	+92.1%	-16,7 k €	-1362%	-1,1 k €
Balance sheet
Equity	135,5 k €	+1.3%	133,7 k €	+18.2%	113,2 k €	+50.2%	75,3 k €	+27.4%	59,1 k €	+37.3%	43,1 k €	+11.7%	38,6 k €	+67.0%	23,1 k €	+25.9%	18,3 k €	+17.3%	15,6 k €	+1.6%	15,4 k €	+5.5%	14,6 k €	-12.3%	16,6 k €	-17.1%	20,1 k €	+27.5%	15,7 k €	-67.7%	48,6 k €	-2.6%	49,9 k €	-25.1%	66,7 k €
Total assets	163,7 k €	-1.4%	166 k €	-0.4%	166,6 k €	+69.7%	98,1 k €	+48.2%	66,2 k €	-31.1%	96 k €	-2.7%	98,7 k €	+86.5%	52,9 k €	+49.7%	35,3 k €	+0.1%	35,3 k €	+6.5%	33,1 k €	+57.4%	21,1 k €	-17.3%	25,5 k €	-21.3%	32,4 k €	-35.6%	50,2 k €	-15.6%	59,5 k €	-16.5%	71,3 k €	-6.5%	76,2 k €
Cash	121 k €	-15.1%	142,5 k €	+407%	28,1 k €	-56.8%	65 k €	+114%	30,4 k €	+188%	10,6 k €	+90.9%	5,5 k €	+79.5%	3,1 k €	-9.8%	3,4 k €	-69.2%	11,1 k €	+552%	1,7 k €	-32.1%	2,5 k €	+14.8%	2,2 k €	+223%	675,1 €	-89.8%	6,6 k €	-69.0%	21,4 k €	+12.7%	19 k €	+13.5%	16,8 k €
Debts	28 k €	-12.4%	32 k €	-39.8%	53,2 k €	+135%	22,6 k €	+229%	6,9 k €	-87.0%	52,8 k €	-12.2%	60,1 k €	+102%	29,8 k €	+75.5%	17 k €	-13.6%	19,7 k €	+10.8%	17,8 k €	+183%	6,3 k €	-29.1%	8,8 k €	-28.2%	12,3 k €	-64.3%	34,5 k €	+216%	10,9 k €	-49.0%	21,4 k €	+123%	9,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	+66.7%	0,3 ETP		–		–		–		–		–		–		0,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 7 ended

Active mandates

Georges LAFOSSE

Director · since 30 juin 2018

Active

Ended mandates

Monique UYTTENDAELE

Manager · since 30 juin 2009

Ended

ANDRZEJ MATYSIAK

Associate

Ended

DARIUSZ WITKOWSKI

Associate

Ended

JERZY MACKOWIACK

Associate

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/06/2024	04/07/2023	31/08/2022	26/07/2021	14/10/2020	30/08/2019
General meeting	01/06/2024	19/06/2023	27/06/2022	26/06/2021	27/06/2020	29/06/2019
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

28 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	01/06/2024	03/06/2024	French	PDF
Micro model	31/12/2022	19/06/2023	04/07/2023	French	PDF
Micro model	31/12/2021	27/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	26/06/2021	26/07/2021	French	PDF
Micro model	31/12/2019	27/06/2020	14/10/2020	French	PDF
Micro model	31/12/2018	29/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	24/06/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	28/06/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	09/06/2012	16/06/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	19/06/2010	French	PDF
Abridged model	31/12/2008	03/06/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	02/08/2007	French	PDF
Abridged model	31/12/2005	30/06/2006	09/08/2006	French	PDF
Abridged model	31/12/2004	06/09/2005	21/09/2005	French	PDF
Abridged model	31/12/2003	30/06/2004	21/09/2004	French	PDF
Abridged model	31/12/2002	09/05/2003	09/02/2004	French	PDF
Abridged model	31/12/2001	28/06/2002	22/08/2002	French	PDF
Abridged model	31/12/2000	09/02/2001	20/03/2001	French	PDF

View all 28 filings

Estimate

Indicative valuation

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 31/12/2023 · 1 active · 7 ended

Active mandates

Georges LAFOSSE

Director · since 30 juin 2018

Active

Ended mandates

Monique UYTTENDAELE

Manager · since 30 juin 2009

Ended

ANDRZEJ MATYSIAK

Associate

Ended

DARIUSZ WITKOWSKI

Associate

Ended

JERZY MACKOWIACK

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution15/07/2024
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/02/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates05/02/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office09/01/2014
SIEGE SOCIAL
PDF
Restructuring20/10/2009
SIEGE SOCIAL - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other04/08/2009
DIVERS
PDF
Mandates16/07/2009
DEMISSIONS, NOMINATIONS
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

2023
Annual accounts 20231,7 k €↓
2022
Annual accounts 202220,6 k €↓
2021
Annual accounts 202155,8 k €↑
2020
Annual accounts 202016,2 k €↑
2019
Annual accounts 201916,1 k €↑
2018
Annual accounts 20184,5 k €↓
2017
Annual accounts 201715,5 k €↑
2016
Annual accounts 20164,7 k €↑
2015
Annual accounts 20152,7 k €↑
2014
Annual accounts 2014251,7 €↓
2013
Annual accounts 2013796,9 €↑
2012
Annual accounts 2012-2 k €↑
2011
Annual accounts 2011-3,4 k €↓
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 2009-32,9 k €↓
2008
Annual accounts 2008-1,3 k €↑
2007
Annual accounts 2007-16,7 k €↓
2006
Annual accounts 2006-1,1 k €

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

Module-R

Overview

What does Module-R do?

Trend over 18 financial years

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