OPENING OF BANKRUPTCY

Modulec

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Financial year 2023 · closed on 31/12/2023
Net result
676,8 €
-97.1% YoY
Gross margin
229,5 k €
-30.2% YoY
Equity
46,7 k €
+1.5% YoY

Company — Opening of bankruptcy.

What does Modulec do?

Modulec is a Private limited company incorporated in 2016. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Aalst.

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0667.760.074
Incorporation
15/12/2016
Legal form
Private limited company
Registered office
Groeneweg 17
9320 Aalst · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2023
Activities (NACE)
28250Manufacture of non-domestic cooling and ventilation equipment· main28250Manufacture of non-domestic cooling and ventilation equipment43211Electrical installation43211Electrical installation43230Electrical, plumbing and other construction installation activities43291Other construction installation+6
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2023202220212020201920182017
Income statement
Gross margin229,5 k €328,8 k €148,8 k €-54,5 €-187,9 €-400,4 €-5,0 k €
EBITDA18,9 k €38,3 k €35,6 k €-2,6 k €-285,9 €-496,4 €-5,3 k €
Operating result7,5 k €36,0 k €35,6 k €-2,6 k €-285,9 €-496,4 €-5,3 k €
Net result676,8 €23,7 k €25,0 k €-2,6 k €-340,5 €-575,6 €-5,4 k €
Balance sheet
Equity46,7 k €46,0 k €22,3 k €-2,7 k €-104,6 €235,9 €811,5 €
Total assets399,9 k €269,6 k €204,1 k €0,1 €2,2 k €2,2 k €3,3 k €
Cash3,8 k €21,0 k €15,3 k €0,1 €2,8 €7,4 €47,3 €
Debts353,3 k €223,6 k €181,7 k €2,7 k €2,3 k €1,9 k €2,5 k €
Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 4 ended

Active mandates

Jens Verstappen

Director · since 03 juin 2021

Active

Ended mandates

Sarah Van den Neucker

Director · since 01 janvier 2019

Ended
Sarah Van den Neucker

Manager · since 01 janvier 2019

Ended
TRIPLE ACCOUNTANCY

Manager · since 13 décembre 2016 · until 31 décembre 2018 · 0837.471.769

Represented by Veerle Vandepitte

Ended
TRIPLE ACCOUNTANCY

Manager · since 13 décembre 2016 · 0837.471.769

Represented by Veerle Vandepitte

Ended
At this address

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A.MG FINITIONS● Active
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Annual accounts

Full financial information

202320222021202020192018
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/12/202415/09/202324/05/202329/09/202104/08/202012/07/2019
General meeting07/10/202415/09/202319/05/202317/06/202130/06/202020/06/2019
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202307/10/202412/12/2024DutchPDF
Micro model31/12/202215/09/202315/09/2023DutchPDF
Micro model31/12/202119/05/202324/05/2023DutchPDF
Micro model31/12/202017/06/202129/09/2021DutchPDF
Micro model31/12/201930/06/202004/08/2020DutchPDF
Micro model31/12/201820/06/201912/07/2019DutchPDF
Micro model31/12/201721/06/201830/08/2018DutchPDF
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 · 4 ended

Active mandates

Jens Verstappen

Director · since 03 juin 2021

Active

Ended mandates

Sarah Van den Neucker

Director · since 01 janvier 2019

Ended
Sarah Van den Neucker

Manager · since 01 janvier 2019

Ended
TRIPLE ACCOUNTANCY

Manager · since 13 décembre 2016 · until 31 décembre 2018 · 0837.471.769

Represented by Veerle Vandepitte

Ended
TRIPLE ACCOUNTANCY

Manager · since 13 décembre 2016 · 0837.471.769

Represented by Veerle Vandepitte

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/06/2021
    WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/02/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/12/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2023
    Annual accounts 2023676,8 €↓
  2. 2022
    Annual accounts 202223,7 k €↓
  3. 2021
    Annual accounts 202125,0 k €↑
  4. 2020
    Annual accounts 2020-2,6 k €↓
  5. 2020
    Name changeMODULEC BV
  6. 2019
    Annual accounts 2019-340,5 €↑
  7. 2018
    Annual accounts 2018-575,6 €↑
  8. 2017
    Annual accounts 2017-5,4 k €
  9. 2017
    Name changeNove Beauty
  10. 15/12/2016
    IncorporationPrivate limited company