ACTIVE

Modified Spaces

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Financial year 2025 · closed on 30/09/2025
Net result
-8,5 k €
+79.9% YoY
Gross margin
211,6 k €
+651.1% YoY
Equity
-33,4 k €
-34.0% YoY

What does Modified Spaces do?

Modified Spaces is a Private limited company incorporated in 2010. Its main activity is: Beverage serving activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0831.222.890
Incorporation
17/11/2010
Legal form
Private limited company
Registered office
Dublinstraat 31/15
9000 Gent · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
56301Beverage serving activities· main56309Beverage serving activities64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities+2
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220192018201720162015201420132012
Income statement
Gross margin211,6 k €-38,4 k €30,6 k €121,7 k €7,9 k €-8,5 k €138,4 k €171,4 k €-6,4 k €-21,2 k €-26,6 k €-461 k €
EBITDA-1,1 k €-39 k €29,8 k €121,2 k €7 k €-9,1 k €137,8 k €170,9 k €-6,5 k €-21,3 k €-26,8 k €-461,2 k €
Operating result-2,4 k €-42,4 k €26,4 k €117,8 k €7 k €-9,1 k €137,8 k €170,9 k €-6,5 k €-21,3 k €-26,8 k €-461,2 k €
Net result-8,5 k €-42,3 k €27 k €117,8 k €7,1 k €-9,2 k €137,4 k €163,8 k €-14,2 k €-28,8 k €-33,5 k €-471,3 k €
Balance sheet
Equity-33,4 k €-25 k €17,3 k €-9,8 k €-230,1 k €-237,2 k €-228 k €-365,4 k €-529,1 k €-514,9 k €-486,1 k €-452,7 k €
Total assets268,2 k €9,6 k €48,6 k €45 k €32,7 k €21,8 k €29,8 k €6,9 k €6,1 k €2,9 k €7,7 k €12 k €
Cash91,2 k €4,6 k €6,7 k €28,1 k €8,8 k €8,4 k €18,1 k €4,3 k €5,5 k €1,7 k €2,9 k €8,1 k €
Debts300,4 k €34,2 k €30,9 k €39,6 k €262,8 k €259 k €257,8 k €365,3 k €527,7 k €510,5 k €487,2 k €455,2 k €
Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 3 ended

Active mandates

A Quiet Place

Director · since 12 mars 2025 · 0771.462.477

Represented by Lars Fiers

Active
A Quiet Place

Director · since 12 mars 2025 · 0771.462.477

Represented by Lars Fiers

Active
Reach For More

Director · since 12 mars 2025 · 0741.661.307

Represented by Floris Vandamme

Active
Reach For More

Director · since 12 mars 2025 · 0741.661.307

Represented by Floris Vandamme

Active

Ended mandates

Alain Tijtgat

Manager · since 17 novembre 2010

Ended
Alain Maurice Tijtgat

Director

Ended
Alain Tijtgat

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/04/202613/02/202503/04/202428/04/202329/03/202215/02/2021
General meeting10/02/202611/02/202527/03/202431/03/202308/02/202209/02/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202510/02/202630/04/2026DutchPDF
Abridged model30/09/202411/02/202513/02/2025DutchPDF
Abridged model30/09/202327/03/202403/04/2024DutchPDF
Abridged model30/09/202231/03/202328/04/2023DutchPDF
Abridged model30/09/202108/02/202229/03/2022DutchPDF
Abridged model30/09/202009/02/202115/02/2021DutchPDF
Micro model30/09/201903/12/201930/12/2019DutchPDF
Micro model30/09/201804/12/201803/01/2019DutchPDF
Micro model30/09/201705/12/201721/12/2017DutchPDF
Abridged model30/09/201606/01/201731/01/2017DutchPDF
Abridged model30/09/201501/12/201524/12/2015DutchPDF
Abridged model30/09/201428/01/201517/03/2015DutchPDF
Abridged model30/09/201328/01/201427/02/2014DutchPDF
Abridged model30/09/201231/01/201328/02/2013DutchPDF
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 30/09/2025 · 4 active · 3 ended

Active mandates

A Quiet Place

Director · since 12 mars 2025 · 0771.462.477

Represented by Lars Fiers

Active
A Quiet Place

Director · since 12 mars 2025 · 0771.462.477

Represented by Lars Fiers

Active
Reach For More

Director · since 12 mars 2025 · 0741.661.307

Represented by Floris Vandamme

Active
Reach For More

Director · since 12 mars 2025 · 0741.661.307

Represented by Floris Vandamme

Active

Ended mandates

Alain Tijtgat

Manager · since 17 novembre 2010

Ended
Alain Maurice Tijtgat

Director

Ended
Alain Tijtgat

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/05/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares03/02/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates31/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office04/09/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office22/04/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other30/11/2010
    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. 2025
    Annual accounts 2025-8,5 k €↑
  2. 2025
    Name changeModified Spaces
  3. 2024
    Annual accounts 2024-42,3 k €↓
  4. 2023
    Annual accounts 202327 k €↓
  5. 2022
    Annual accounts 2022117,8 k €↑
  6. 2022
    Name changeSequoia Investment
  7. 2019
    Annual accounts 20197,1 k €↑
  8. 2018
    Annual accounts 2018-9,2 k €↓
  9. 2017
    Annual accounts 2017137,4 k €↓
  10. 2016
    Annual accounts 2016163,8 k €↑
  11. 2015
    Annual accounts 2015-14,2 k €↑
  12. 2014
    Annual accounts 2014-28,8 k €↑
  13. 2013
    Annual accounts 2013-33,5 k €↑
  14. 2012
    Annual accounts 2012-471,3 k €
  15. 17/11/2010
    IncorporationPrivate limited company