ACTIVE

MODULCO

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Financial year 2025 · closed on 31/12/2025
Net result
163,2 k €
-68.7% YoY
Gross margin
2,3 M €
-10.4% YoY
Equity
2,3 M €
+4.7% YoY
Workforce
20,9 ETP
+4.0% YoY

What does MODULCO do?

MODULCO is a Private limited company incorporated in 2013. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in La Louvière. It employs on average 20,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0526.899.743
Incorporation
15/04/2013
Legal form
Private limited company
Registered office
Route du Grand Peuplier(S-B) 16
7110 La Louvière · WallonieSee on map
Contributed capital
700 000,00 €
Latest accounts
31/12/2025
Average workforce
20,9 ETP
Activities (NACE)
25110Manufacture of metal structures and parts of structures· main25110Manufacture of metal structures and parts of structures46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment46900Non-specialised wholesale trade46900Non-specialised wholesale trade+4
Joint committees (4)
  • 1100
  • 111
  • 209
  • 2090
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin2,3 M €2,6 M €3 M €2,8 M €1,9 M €
EBITDA1,1 M €1,5 M €1,8 M €1,6 M €888,1 k €
Operating result389,4 k €734,7 k €721,4 k €600,7 k €54,2 k €
Net result163,2 k €521,9 k €437,6 k €446 k €9,6 k €
Balance sheet
Equity2,3 M €2,2 M €1,7 M €1,3 M €744,5 k €
Total assets4,1 M €4,5 M €4,4 M €5,2 M €4,5 M €
Cash741,2 k €950,1 k €300,8 k €102,8 k €280 k €
Debts1,8 M €2,2 M €2,6 M €3,9 M €3,7 M €
Other
Workforce20,9 ETP20,1 ETP20,4 ETP25,3 ETP22,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

UNITEA

Director · since 14 juillet 2023 · 0749.793.964

Represented by Depuydt Kenneth

Active

Ended mandates

UNITEA

Administrateur · since 14 juillet 2023 · 0749.793.964

Represented by Kenneth Depuydt

Ended
Olivier Cheron

Administrateur · since 15 avril 2013 · until 14 juillet 2023

Ended
Olivier Cheron

Administrateur · since 15 avril 2013

Ended
Olivier Cheron

Director · since 15 avril 2013

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/05/202627/05/202528/06/202417/05/202329/06/202225/06/2021
General meeting05/05/202605/05/202505/06/202405/05/202331/05/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202627/05/2026FrenchPDF
Abridged model31/12/202405/05/202527/05/2025FrenchPDF
Abridged model31/12/202305/06/202428/06/2024FrenchPDF
Abridged model31/12/202205/05/202317/05/2023FrenchPDF
Abridged model31/12/202131/05/202229/06/2022FrenchPDF
Abridged model31/12/202021/06/202125/06/2021FrenchPDF
Abridged model31/12/201905/06/202003/07/2020FrenchPDF
Abridged model31/12/201805/05/201919/06/2019FrenchPDF
Abridged model31/12/201705/05/201829/06/2018FrenchPDF
Micro model31/12/201605/05/201730/06/2017FrenchPDF
Abridged model31/12/201503/05/201631/05/2016FrenchPDF
Abridged model31/12/201405/05/201518/08/2015FrenchPDF
Abridged model31/12/201302/07/201419/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 5 ended

Active mandates

UNITEA

Director · since 14 juillet 2023 · 0749.793.964

Represented by Depuydt Kenneth

Active

Ended mandates

UNITEA

Administrateur · since 14 juillet 2023 · 0749.793.964

Represented by Kenneth Depuydt

Ended
Olivier Cheron

Administrateur · since 15 avril 2013 · until 14 juillet 2023

Ended
Olivier Cheron

Administrateur · since 15 avril 2013

Ended
Olivier Cheron

Director · since 15 avril 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares07/04/2022
    CAPITAL, ACTIONS
    PDF
  • Capital / shares08/04/2021
    CAPITAL, ACTIONS
    PDF
  • Other22/11/2019
    DIVERS
    PDF
  • Restructuring09/08/2019
    DENOMINATION - OBJET - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025163,2 k €↓
  2. 2024
    Annual accounts 2024521,9 k €↑
  3. 2023
    Annual accounts 2023437,6 k €↓
  4. 2022
    Annual accounts 2022446 k €↑
  5. 2021
    Annual accounts 20219,6 k €
  6. 15/04/2013
    IncorporationPrivate limited company