ACTIVE

Modern Bags

Financial year 2025 · Closed on 31/12/2025

Net result-14,7 k €-293,7 %over 1 year
Gross margin-693,4 €-102,6 %over 1 year
Equity46,8 k €-23,9 %over 1 year

Identity

Source · BCE/KBO

Modern Bags is a Private limited company incorporated in 2019. Its main activity is: Manufacture of luggage, handbags and the like, saddlery and harness. Its registered office is in Houthalen-Helchteren.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0725.759.443
Incorporation
26/04/2019
Legal form
Private limited company
Registered office
Herebaan-Oost 162
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin-693,4 €26,6 k €35,6 k €37,7 k €22,5 k €
EBITDA-1,8 k €22,8 k €33,2 k €32,2 k €20,5 k €
Operating result-12 k €10,2 k €17,4 k €16,2 k €74,1 €
Net result-14,7 k €7,6 k €15,1 k €14,3 k €-3,6 k €
Balance sheet
Equity46,8 k €61,5 k €53,9 k €38,8 k €24,5 k €
Total assets94,1 k €123,7 k €120,8 k €161 k €165,5 k €
Cash30,9 k €49,1 k €17,7 k €45 k €18,4 k €
Debts47,4 k €62,2 k €66,9 k €122,3 k €140,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Ronny Smeets

Director · since 26 avril 2019

Active
Stefan Muller

Director · since 26 avril 2019

Active

Other companies at this address

Herebaan-Oost 162 3530 Houthalen-Helchteren
CompanyCBE no.
In-Step Europe● Active
0554.732.607

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202126/04/2019
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 months21 months
Filing date30/08/202630/08/202526/07/202430/08/202330/08/202231/08/2021
General meeting10/06/202610/06/202510/06/202410/06/202310/06/202210/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202510/06/202630/08/2026DutchPDF
Micro model31/12/202410/06/202530/08/2025DutchPDF
Micro model31/12/202310/06/202426/07/2024DutchPDF
Micro model31/12/202210/06/202330/08/2023DutchPDF
Micro model31/12/202110/06/202230/08/2022DutchPDF
Micro model31/12/202010/06/202131/08/2021DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Ronny Smeets

Director · since 26 avril 2019

Active
Stefan Muller

Director · since 26 avril 2019

Active

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/04/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025-14,7 k €↓
  2. 2024
    Annual accounts 20247,6 k €↓
  3. 2023
    Annual accounts 202315,1 k €↑
  4. 2022
    Annual accounts 202214,3 k €↑
  5. 2021
    Annual accounts 2021-3,6 k €↓
  6. 2020
    Annual accounts 20209,5 k €
  7. 26/04/2019
    IncorporationPrivate limited company