ACTIVE

Modul - System

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

106,4 k €

-39.5% YoY

Gross margin

791,4 k €

-17.5% YoY

Equity

919,3 k €

+13.1% YoY

Workforce

5,0 ETP

0.0% YoY

What does Modul - System do?

Modul - System is a Public limited company incorporated in 1996. Its registered office is in Mechelen. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.057.466

Incorporation

12/01/1996

Legal form

Public limited company

Registered office

Wayenborgstraat 15
2800 Mechelen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Joint committees (5)

149
14904
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	791,4 k €	-17.5%	959,7 k €	+6.2%	904,1 k €	+39.7%	647,3 k €	+2.6%	630,6 k €	+51.1%	417,5 k €	-10.0%	464 k €	+25.2%	370,6 k €	-13.6%	429,1 k €	+61.1%	266,3 k €	-25.2%	356,2 k €	+8.6%	328 k €	-5.0%	345,3 k €	-10.5%	385,7 k €	+6.0%	363,7 k €	-30.8%	526 k €	-4.8%	552,7 k €	+29.7%	425,9 k €
EBITDA	149 k €	-55.0%	331 k €	+1.6%	325,8 k €	+175%	118,5 k €	-13.7%	137,2 k €	+285%	35,7 k €	-54.8%	78,9 k €	+14.7%	68,8 k €	-50.3%	138,5 k €	+553%	-30,6 k €	-1228%	-2,3 k €	-113%	17,6 k €	-43.8%	31,3 k €	+361%	6,8 k €	+126%	-26,1 k €	-143%	61,3 k €	-66.7%	184,4 k €	+259%	51,3 k €
Operating result	154,1 k €	-36.6%	243,1 k €	-8.1%	264,6 k €	+143%	109 k €	-2.1%	111,3 k €	+73.3%	64,2 k €	+45.8%	44,1 k €	-33.3%	66,1 k €	-33.1%	98,8 k €	+420%	-30,9 k €	-1243%	-2,3 k €	-113%	17,6 k €	-44.7%	31,8 k €	+149%	12,8 k €	+153%	-24 k €	-140%	60,7 k €	-67.1%	184,4 k €	+270%	49,8 k €
Net result	106,4 k €	-39.5%	175,8 k €	-8.7%	192,6 k €	+164%	73,1 k €	-0.5%	73,4 k €	+58.5%	46,3 k €	+58.4%	29,2 k €	-28.1%	40,7 k €	-36.8%	64,4 k €	+457%	11,6 k €	+484%	-3 k €	-119%	16,1 k €	-46.0%	29,8 k €	+147%	12,1 k €	+135%	-34 k €	-187%	39,2 k €	-65.4%	113,3 k €	+262%	31,3 k €
Balance sheet
Equity	919,3 k €	+13.1%	812,9 k €	+27.6%	637,1 k €	+43.3%	444,5 k €	+19.7%	371,4 k €	-35.5%	576,2 k €	+8.7%	529,9 k €	+5.8%	500,6 k €	+8.8%	459,9 k €	+16.3%	395,6 k €	+3.0%	384 k €	-28.5%	537,3 k €	+3.1%	521,2 k €	+6.1%	491,4 k €	+2.5%	479,3 k €	-6.6%	513,3 k €	+8.3%	474,1 k €	+31.4%	360,9 k €
Total assets	1,2 M €	-2.4%	1,2 M €	-10.0%	1,3 M €	+30.4%	1 M €	-3.8%	1,1 M €	+19.1%	891,2 k €	+9.5%	814,1 k €	+19.2%	682,9 k €	-5.0%	718,5 k €	+4.0%	690,8 k €	+36.2%	507 k €	-17.8%	616,9 k €	+3.7%	595,1 k €	+2.5%	580,6 k €	-3.1%	599,4 k €	-18.0%	730,9 k €	+20.5%	606,7 k €	+17.8%	515,1 k €
Cash	377,9 k €	-26.2%	512,2 k €	+25.4%	408,3 k €	+7.0%	381,6 k €	-39.9%	635,2 k €	+227%	194,3 k €	-0.7%	195,7 k €	-2.4%	200,4 k €	-5.2%	211,4 k €	-6.6%	226,3 k €	+27.4%	177,7 k €	-26.7%	242,2 k €	+56.9%	154,4 k €	-31.3%	224,7 k €	+3.8%	216,4 k €	+62.9%	132,9 k €	-2.0%	135,6 k €	+45.2%	93,4 k €
Debts	238,3 k €	-37.5%	381,2 k €	-44.8%	690,7 k €	+20.6%	572,8 k €	-16.5%	685,9 k €	+120%	311,9 k €	+11.0%	281,1 k €	+62.2%	173,3 k €	-30.2%	248,3 k €	-12.9%	285,3 k €	+297%	71,8 k €	-9.8%	79,6 k €	+7.7%	73,9 k €	-17.1%	89,2 k €	-25.7%	120 k €	-44.8%	217,6 k €	+64.2%	132,5 k €	-14.1%	154,3 k €
Other
Workforce	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+4.2%	4,8 ETP	+20.0%	4,0 ETP	0.0%	4,0 ETP	+29.0%	3,1 ETP	+3.3%	3,0 ETP	+7.1%	2,8 ETP	-34.9%	4,3 ETP	-10.4%	4,8 ETP	-4.0%	5,0 ETP	-15.3%	5,9 ETP	-1.7%	6,0 ETP	-17.8%	7,3 ETP	+12.3%	6,5 ETP	-9.7%	7,2 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 31/12/2025 · 2 active · 17 ended

Active mandates

Uno Rickard David Mickelson

Managing director · since 13 mai 2025

Active

Thomas Johansson

Director · since 13 mai 2024 · until 13 mai 2025

Active

Ended mandates

Thomas Johansson

Director · since 13 mai 2024 · until 13 mai 2030

Ended

Uno Rickard David Mickelson

Managing director · since 13 mai 2024 · until 13 mai 2030

Ended

Thomas Johansson

Director · since 14 mai 2018 · until 13 mai 2024

Ended

Uno Rickard David Mickelson

Managing director · since 14 mai 2018 · until 13 mai 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/05/2026	02/06/2025	22/05/2024	02/06/2023	10/05/2022	10/06/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/05/2026	28/05/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	02/06/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	10/05/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	14/05/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	14/05/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	29/05/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	09/05/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	20/05/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	21/01/2014	14/02/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	14/05/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	15/05/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	10/05/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	12/05/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	14/05/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	27/06/2007	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 31/12/2025 · 2 active · 17 ended

Active mandates

Uno Rickard David Mickelson

Managing director · since 13 mai 2025

Active

Thomas Johansson

Director · since 13 mai 2024 · until 13 mai 2025

Active

Ended mandates

Thomas Johansson

Director · since 13 mai 2024 · until 13 mai 2030

Ended

Uno Rickard David Mickelson

Managing director · since 13 mai 2024 · until 13 mai 2030

Ended

Thomas Johansson

Director · since 14 mai 2018 · until 13 mai 2024

Ended

Uno Rickard David Mickelson

Managing director · since 14 mai 2018 · until 13 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2012
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 2025106,4 k €↓
2024
Annual accounts 2024175,8 k €↓
2023
Annual accounts 2023192,6 k €↑
2022
Annual accounts 202273,1 k €↓
2021
Annual accounts 202173,4 k €↑
2018
Annual accounts 201846,3 k €↑
2017
Annual accounts 201729,2 k €↓
2016
Annual accounts 201640,7 k €↓
2015
Annual accounts 201564,4 k €↑
2014
Annual accounts 201411,6 k €↑
2013
Annual accounts 2013-3 k €↓
2012
Annual accounts 201216,1 k €↓
2011
Annual accounts 201129,8 k €↑
2010
Annual accounts 201012,1 k €↑
2009
Annual accounts 2009-34 k €↓
2008
Annual accounts 200839,2 k €↓
2007
Annual accounts 2007113,3 k €↑
2006
Annual accounts 200631,3 k €
12/01/1996
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 - System

Overview

What does Modul - System do?

Trend over 18 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