Modal Shifters
0638.877.236 · rovalta.com · 22/09/2026
ACTIVE
Modal Shifters
Financial year 2025 · closed on 31/12/2025
Net result
-7 k €
+99.7% YoY
Gross margin
-117 €
+94.7% YoY
Equity
-54,5 k €
-36.0% YoY
Overview
What does Modal Shifters do?
Modal Shifters is a Public limited company incorporated in 2015. Its registered office is in Schaerbeek.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0638.877.236
Incorporation
25/09/2015
Legal form
Public limited company
Registered office
Boulevard du Roi AlbertII 37
1030 Schaerbeek · BruxellesSee on map
1030 Schaerbeek · BruxellesSee on map
Contributed capital
2 030 001,00 €
Latest accounts
31/12/2025
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Financials
Trend over 9 financial years
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Gross margin | -117 € | +94.7% | -2,2 k € | – | -417 € | -101% | 29 k € | +4456% | -666 € | -110% | 6,9 k € | +181% | 2,4 k € | +189% | -2,7 k € | ||
| EBITDA | -684 € | +78.4% | -3,2 k € | -265% | -868 € | +32.5% | -1,3 k € | -105% | 28,1 k € | +294% | -14,5 k € | -322% | 6,6 k € | +169% | 2,4 k € | +189% | -2,7 k € |
| Operating result | -684 € | +78.4% | -3,2 k € | -265% | -868 € | +32.5% | -1,3 k € | -105% | 28,1 k € | +294% | -14,5 k € | -322% | 6,6 k € | +169% | 2,4 k € | +189% | -2,7 k € |
| Net result | -7 k € | +99.7% | -2,1 M € | -29852% | -7 k € | -22.2% | -5,8 k € | -147% | 12,2 k € | +182% | -15 k € | -146% | 32,4 k € | +357% | 7,1 k € | -49.5% | 14 k € |
| Balance sheet | |||||||||||||||||
| Equity | -54,5 k € | -36.0% | -40,1 k € | -102% | 2,1 M € | -0.3% | 2,1 M € | -0.3% | 2,1 M € | +0.6% | 2,1 M € | -0.7% | 2,1 M € | +3.6% | 2 M € | +15.0% | 1,7 M € |
| Total assets | 23,3 k € | -14.5% | 27,3 k € | -98.7% | 2,1 M € | -0.0% | 2,1 M € | -0.1% | 2,1 M € | +0.6% | 2,1 M € | -0.6% | 2,1 M € | +2.0% | 2,1 M € | +1.6% | 2,1 M € |
| Cash | 2,1 k € | -64.7% | 6 k € | -38.4% | 9,7 k € | -5.7% | 10,3 k € | -15.2% | 12,1 k € | – | 3,2 k € | -55.5% | 7,3 k € | +14.1% | 6,4 k € | ||
| Debts | 77,8 k € | +15.6% | 67,3 k € | +7.8% | 62,4 k € | +11.6% | 55,9 k € | +7.6% | 52 k € | -0.2% | 52,1 k € | +4.3% | 49,9 k € | -37.3% | 79,5 k € | -74.2% | 308,2 k € |
Governance
Board of directors
Seen on filing of 31/12/2018 · 5 active · 5 ended
Active mandates
Ended mandates
At this address
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Stichting Modal Shifters● Active | 0681.706.003 |
Zefier● Active | 0680.832.904 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Micro model | Micro 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 | 07/05/2026 | 24/04/2025 | 29/04/2024 | 09/05/2023 | 11/05/2022 | 08/06/2021 |
| General meeting | 15/04/2026 | 16/04/2025 | 17/04/2024 | 19/04/2023 | 20/04/2022 | 04/06/2021 |
| 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 daysFilings
Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 15/04/2026 | 07/05/2026 | Dutch | |
| Abridged model | 31/12/2024 | 16/04/2025 | 24/04/2025 | Dutch | |
| Abridged model | 31/12/2023 | 17/04/2024 | 29/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 19/04/2023 | 09/05/2023 | Dutch | |
| Micro model | 31/12/2021 | 20/04/2022 | 11/05/2022 | Dutch | |
| Micro model | 31/12/2020 | 04/06/2021 | 08/06/2021 | Dutch | |
| Micro model | 31/12/2019 | 30/04/2020 | 26/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 01/07/2019 | 21/11/2019 | French | |
| Abridged model | 31/12/2017 | 04/01/2019 | 24/01/2019 | Dutch | |
| Abridged model | 31/12/2016 | 25/05/2018 | 24/09/2018 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2018 · 5 active · 5 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates12/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates15/01/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/01/2025ONTSLAGEN - BENOEMINGEN
- Other22/12/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates14/03/2022ONTSLAGEN - BENOEMINGEN
- Mandates02/08/2021ONTSLAGEN - BENOEMINGEN
- Mandates11/05/2020ONTSLAGEN - BENOEMINGEN
- Capital / shares15/02/2018KAPITAAL - AANDELEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-7 k €↑
- 2023Annual accounts 2023-2,1 M €↓
- 2022Annual accounts 2022-7 k €↓
- 2021Annual accounts 2021-5,8 k €↓
- 2020Annual accounts 202012,2 k €↑
- 2019Annual accounts 2019-15 k €↓
- 2018Annual accounts 201832,4 k €↑
- 2017Annual accounts 20177,1 k €↓
- 2016Annual accounts 201614 k €
- 25/09/2015IncorporationPublic limited company