Modal Shifters
0638.877.236 · rovalta.com · 09/11/2026
ACTIVE
Modal Shifters
Financial year 2025 · Closed on 31/12/2025
Net result-7 k €+99,7 %over 1 year
Gross margin-117 €+94,7 %over 1 year
Equity-54,5 k €-36,0 %over 1 year
Overview
Identity
Source · BCE/KBOModal 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 - Contributed capital
- 2 030 001,00 €
- Latest accounts
- 31/12/2025
Financials
Source · NBB, 10 filingsTrend over 9 financial years
| 2025 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -117 € | +94.7% | -2,2 k € | – | -417 € | -101% | 29 k € | ||
| EBITDA | -684 € | +78.4% | -3,2 k € | -265% | -868 € | +32.5% | -1,3 k € | -105% | 28,1 k € |
| Operating result | -684 € | +78.4% | -3,2 k € | -265% | -868 € | +32.5% | -1,3 k € | -105% | 28,1 k € |
| Net result | -7 k € | +99.7% | -2,1 M € | -29852% | -7 k € | -22.2% | -5,8 k € | -147% | 12,2 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 € |
| 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 € |
| Cash | 2,1 k € | -64.7% | 6 k € | -38.4% | 9,7 k € | -5.7% | 10,3 k € | -15.2% | 12,1 k € |
| Debts | 77,8 k € | +15.6% | 67,3 k € | +7.8% | 62,4 k € | +11.6% | 55,9 k € | +7.6% | 52 k € |
Board of directors
Source · NBB, accounts to 31/12/20185 active
Last known composition, from the accounts closed on 31/12/2018, more than two years before the latest accounts. The mandates shown may have expired.
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director07/01/2016 → 21/04/2021 | |||
Gilles Mougenot | Director25/09/2015 → 21/04/2021 | ||
| Director25/09/2015 → 21/04/2021 | |||
| Director25/09/2015 → 21/04/2021 | |||
| Director25/09/2015 → 21/04/2021 |
Other companies at this address
Boulevard du Roi AlbertII 37 1030 Schaerbeek| Company | CBE no. |
|---|---|
ATRIAS● Active | 0836.258.873 |
| 0536.164.530 | |
IBCOL Technical Services Belgium● Active | 1021.609.146 |
| 0848.530.066 | |
LINEAS● Active | 0896.067.192 |
LINEAS GROUP● Active | 0822.966.806 |
Luisterpuntbibliotheek● Active | 0895.917.239 |
MSIG EUROPE● Active | 0644.921.425 |
MSIG Specialty Marine● Active | 0670.726.393 |
MWingz● Active | 0738.987.372 |
NMBS LOGISTICS GROEP● Active | 0838.084.354 |
Stichting Modal Shifters● Active | 0681.706.003 |
Zefier● Active | 0680.832.904 |
Financials
Full financial information
Source · NBB| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 10 filings| 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
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
Board of directors
Source · NBB, accounts to 31/12/20185 active
Last known composition, from the accounts closed on 31/12/2018, more than two years before the latest accounts. The mandates shown may have expired.
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director07/01/2016 → 21/04/2021 | |||
Gilles Mougenot | Director25/09/2015 → 21/04/2021 | ||
| Director25/09/2015 → 21/04/2021 | |||
| Director25/09/2015 → 21/04/2021 | |||
| Director25/09/2015 → 21/04/2021 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates30/09/2026Ontslag van een bestuurder - Benoeming van een bestuurder - Volmacht tot:
- 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
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings9 filings
Mandates
WERNER KONINCKX
Leap Time
MARCEAU
PEOPLE INVEST
Gilles Mougenot
201520162017201820192020202120222023202420252026
Modal Shifters
No data
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Boulevard du Roi AlbertII 37, 1030 SchaerbeekCurrent | CBE |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| Modal ShiftersCurrent | accounts 2016 → 2025 | Accounts 2025 · 2026-00113174 |
Events
- 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