ACTIVE

MODECO

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Financial year 2024 · closed on 31/12/2024

Net result

-111 k €

-292.5% YoY

Gross margin

804,6 k €

-15.2% YoY

Equity

499,9 k €

-16.8% YoY

What does MODECO do?

MODECO is a Private limited company incorporated in 2012. Its main activity is: Joinery installation. Its registered office is in Beauraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0846.227.703

Incorporation

29/05/2012

Legal form

Private limited company

Registered office

R. de la Ferme des Trois Moulins 1
5570 Beauraing · WallonieSee on map

Contributed capital

20 460,00 €

Latest accounts

31/12/2024

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 43350Building completion and finishing 43390Other building completion and finishing 43211Electrical installation 43211Electrical installation+2

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	804,6 k €	-15.2%	948,6 k €	+4.8%	905,3 k €	+42.2%	636,8 k €	+11.3%	572,2 k €	-1.0%	578,2 k €	+0.7%	574,4 k €	+7.4%	534,7 k €	+23.6%	432,5 k €	+29.1%	334,9 k €	+17.0%	286,3 k €	+22.7%	233,3 k €	+291%	59,6 k €
EBITDA	31,6 k €	-86.4%	232,2 k €	-9.2%	255,7 k €	+59.3%	160,5 k €	-24.0%	211,2 k €	+54.2%	136,9 k €	-17.4%	165,7 k €	+7.9%	153,6 k €	-17.6%	186,3 k €	+113%	87,5 k €	-14.6%	102,5 k €	-22.8%	132,8 k €	+642%	17,9 k €
Operating result	-105,6 k €	-207%	98,4 k €	-29.8%	140,2 k €	+137%	59,1 k €	-51.2%	121,1 k €	+818%	13,2 k €	-81.2%	70,1 k €	+67.0%	42 k €	-49.3%	82,7 k €	+188%	28,7 k €	-45.8%	52,9 k €	-46.4%	98,7 k €	+2899%	3,3 k €
Net result	-111 k €	-293%	57,7 k €	-45.1%	105,1 k €	+162%	40,1 k €	-55.7%	90,5 k €	+10332%	867,5 €	-98.2%	47,6 k €	+135%	20,2 k €	-67.3%	61,9 k €	+211%	19,9 k €	-49.0%	39 k €	-45.6%	71,7 k €	+6606%	-1,1 k €
Balance sheet
Equity	499,9 k €	-16.8%	600,8 k €	+9.8%	547,1 k €	+22.7%	446 k €	+8.8%	409,9 k €	+26.4%	324,3 k €	+1.3%	320,1 k €	+29.3%	247,5 k €	+6.3%	232,9 k €	+57.3%	148,1 k €	+27.9%	115,8 k €	+50.8%	76,8 k €	+1406%	5,1 k €
Total assets	1,3 M €	-16.4%	1,6 M €	-3.1%	1,6 M €	+8.0%	1,5 M €	+19.2%	1,3 M €	+8.0%	1,2 M €	-0.4%	1,2 M €	+8.1%	1,1 M €	-5.7%	1,1 M €	+130%	496,3 k €	+72.5%	287,6 k €	+8.7%	264,6 k €	+40.5%	188,3 k €
Cash	19,3 k €	-85.2%	130,3 k €	+264%	35,8 k €	-69.5%	117,3 k €	+33.6%	87,8 k €	+2532%	3,3 k €	-84.2%	21,1 k €	-40.7%	35,7 k €	-61.2%	91,9 k €	+266%	25,1 k €	-24.4%	33,2 k €	+184%	11,7 k €	+1012%	1,1 k €
Debts	786 k €	-17.4%	951,8 k €	-9.8%	1,1 M €	+1.9%	1 M €	+28.0%	808,5 k €	-1.5%	820,9 k €	-1.2%	830,7 k €	+1.0%	822,1 k €	-8.8%	901,4 k €	+165%	340,2 k €	+98.0%	171,9 k €	-8.5%	187,8 k €	+2.5%	183,2 k €
Other
Workforce	–		–		12,9 ETP	+29.0%	10,0 ETP	+13.6%	8,8 ETP	-13.7%	10,2 ETP	+4.1%	9,8 ETP	+15.3%	8,5 ETP	+34.9%	6,3 ETP	+40.0%	4,5 ETP	0.0%	4,5 ETP	+55.2%	2,9 ETP	+107%	1,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Vincent Thomas

Director · since 29 mai 2012

Active

Fabian Stelleman

Director

Active

Ended mandates

Vincent Thomas

Mandate · since 29 mai 2012

Ended

Vincent Thomas

Managing director · since 29 mai 2012

Ended

Vincent Thomas

Manager · since 29 mai 2012

Ended

Fabian Stelleman

Managing director

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/05/2025	01/10/2024	31/08/2023	30/09/2022	16/07/2021	06/08/2020
General meeting	14/05/2025	27/06/2024	10/05/2023	31/08/2022	12/05/2021	13/05/2020
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

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	14/05/2025	16/05/2025	French	PDF
Micro model	31/12/2023	27/06/2024	01/10/2024	French	PDF
Abridged model	31/12/2022	10/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	12/05/2021	16/07/2021	French	PDF
Abridged model	31/12/2019	13/05/2020	06/08/2020	French	PDF
Abridged model	31/12/2018	08/05/2019	02/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	16/06/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	28/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	23/08/2013	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Vincent Thomas

Director · since 29 mai 2012

Active

Fabian Stelleman

Director

Active

Ended mandates

Vincent Thomas

Mandate · since 29 mai 2012

Ended

Vincent Thomas

Managing director · since 29 mai 2012

Ended

Vincent Thomas

Manager · since 29 mai 2012

Ended

Fabian Stelleman

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office23/02/2017
SIEGE SOCIAL
PDF
Mandates18/09/2012
DEMISSIONS, NOMINATIONS
PDF
Other08/06/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2024
Annual accounts 2024-111 k €↓
2023
Annual accounts 202357,7 k €↓
2022
Annual accounts 2022105,1 k €↑
2021
Annual accounts 202140,1 k €↓
2020
Annual accounts 202090,5 k €↑
2019
Annual accounts 2019867,5 €↓
2018
Annual accounts 201847,6 k €↑
2017
Annual accounts 201720,2 k €↓
2016
Annual accounts 201661,9 k €↑
2015
Annual accounts 201519,9 k €↓
2014
Annual accounts 201439 k €↓
2013
Annual accounts 201371,7 k €↑
2012
Annual accounts 2012-1,1 k €
29/05/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MODECO

Overview

What does MODECO do?

Trend over 13 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline