ACTIVE

MODULOR

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Financial year 2024 · closed on 31/12/2024

Net result

166,9 k €

+107.0% YoY

Gross margin

379,8 k €

+62.5% YoY

Equity

783,6 k €

+19.8% YoY

Workforce

0,0 ETP

What does MODULOR do?

MODULOR is a Limited partnership incorporated in 2007. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Tongeren-Borgloon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.931.871

Incorporation

01/02/2007

Legal form

Limited partnership

Registered office

Leopoldwal 64
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

53 588,68 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

71122Engineering activities and related technical consultancy· main 71122Engineering activities and related technical consultancy 74202Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (2)

2000
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	379,8 k €	+62.5%	233,7 k €	+9.1%	214,2 k €	-29.2%	302,4 k €	+35.1%	223,9 k €	+4.9%	213,4 k €	-43.3%	376,6 k €	+13.2%	332,6 k €	-12.2%	378,9 k €	+27.1%	298,1 k €	+63.8%	182 k €	+24.8%	145,8 k €	-12.9%	167,4 k €	+28.1%	130,6 k €	-24.1%	172,1 k €	+88.0%	91,6 k €	+81.8%	50,4 k €
EBITDA	375,5 k €	+63.6%	229,5 k €	+8.8%	210,9 k €	-16.2%	251,8 k €	+44.0%	174,8 k €	+5.5%	165,7 k €	-44.3%	297,6 k €	+2.6%	290,1 k €	-13.8%	336,7 k €	+31.6%	255,8 k €	+85.3%	138 k €	+32.0%	104,6 k €	-17.6%	126,9 k €	+37.1%	92,6 k €	-31.6%	135,4 k €	+131%	58,6 k €	+144%	24,1 k €
Operating result	292,2 k €	+95.4%	149,5 k €	+11.9%	133,6 k €	-23.6%	174,8 k €	+85.3%	94,3 k €	+9.7%	86 k €	-60.8%	219,1 k €	-6.7%	234,8 k €	-29.1%	331,1 k €	+38.0%	239,9 k €	+86.4%	128,7 k €	+35.0%	95,3 k €	-12.6%	109,1 k €	+47.1%	74,2 k €	-39.9%	123,5 k €	+164%	46,8 k €	+340%	10,6 k €
Net result	166,9 k €	+107%	80,6 k €	+5.0%	76,8 k €	-25.7%	103,3 k €	+178%	37,1 k €	+15.9%	32 k €	-70.5%	108,7 k €	-18.5%	133,3 k €	-25.0%	177,8 k €	+24.7%	142,6 k €	+76.2%	80,9 k €	+22.8%	65,9 k €	+2.7%	64,2 k €	+67.4%	38,3 k €	-49.1%	75,3 k €	+168%	28,1 k €	+434%	5,3 k €
Balance sheet
Equity	783,6 k €	+19.8%	653,9 k €	+8.0%	605,3 k €	-5.0%	637,2 k €	-13.7%	738,1 k €	-16.6%	885,5 k €	+3.8%	853,4 k €	+14.6%	744,7 k €	+21.8%	611,4 k €	+41.0%	433,6 k €	+49.0%	291,1 k €	-12.0%	330,7 k €	+24.9%	264,8 k €	+32.0%	200,6 k €	+57.6%	127,2 k €	+145%	51,9 k €	+118%	23,9 k €
Total assets	1,9 M €	+5.9%	1,8 M €	+6.2%	1,7 M €	+2.5%	1,6 M €	+7.0%	1,5 M €	+8.3%	1,4 M €	+5.6%	1,3 M €	+11.6%	1,2 M €	+24.3%	957,1 k €	+28.0%	747,7 k €	+26.1%	593 k €	-0.7%	597 k €	+28.9%	463 k €	-13.7%	536,6 k €	+88.1%	285,3 k €	+17.4%	242,9 k €	+217%	76,6 k €
Cash	956,1 k €	+26.5%	756 k €	+42.1%	531,8 k €	+22.1%	435,6 k €	+73.3%	251,3 k €	+149%	101 k €	+53.1%	66 k €	+1.1%	65,3 k €	-79.1%	312,7 k €	-17.7%	379,8 k €	+61.1%	235,7 k €	+15.1%	204,8 k €	+2753%	7,2 k €	-94.2%	124,4 k €	+1317%	8,8 k €	-91.2%	99,5 k €	+2848%	3,4 k €
Debts	1 M €	-4.0%	1,1 M €	+4.4%	1 M €	+7.7%	960,2 k €	+22.9%	781,2 k €	+51.2%	516,8 k €	+9.0%	474 k €	+6.5%	445 k €	+28.7%	345,7 k €	+10.1%	314,1 k €	+4.6%	300,2 k €	+12.7%	266,3 k €	+34.3%	198,3 k €	-41.0%	336,1 k €	+113%	158,1 k €	-17.2%	191 k €	+262%	52,8 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Christiane Bocken

Director · since 10 août 2023

Active

Ended mandates

Christiane Bocken

Director · since 01 février 2007

Ended

Christiane Bocken

Director

Ended

CHRISTIANE BOCKEN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GEROM● Active	0784.803.541

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged 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	24/07/2025	26/06/2024	08/06/2023	18/07/2022	01/07/2021	02/09/2020
General meeting	11/06/2025	30/05/2024	25/05/2023	26/05/2022	27/05/2021	28/05/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	11/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	02/09/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	13/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	25/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	11/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	29/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	26/08/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 1 active · 3 ended

Active mandates

Christiane Bocken

Director · since 10 août 2023

Active

Ended mandates

Christiane Bocken

Director · since 01 février 2007

Ended

Christiane Bocken

Director

Ended

CHRISTIANE BOCKEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/10/2025
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2019
KAPITAAL - AANDELEN
PDF
Registered office07/04/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/09/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other12/02/2007
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

2024
Annual accounts 2024166,9 k €↑
2023
Annual accounts 202380,6 k €↑
2022
Annual accounts 202276,8 k €↓
2021
Annual accounts 2021103,3 k €↑
2019
Annual accounts 201937,1 k €↑
2018
Annual accounts 201832 k €↓
2017
Annual accounts 2017108,7 k €↓
2016
Annual accounts 2016133,3 k €↓
2015
Annual accounts 2015177,8 k €↑
2014
Annual accounts 2014142,6 k €↑
2013
Annual accounts 201380,9 k €↑
2012
Annual accounts 201265,9 k €↑
2011
Annual accounts 201164,2 k €↑
2010
Annual accounts 201038,3 k €↓
2009
Annual accounts 200975,3 k €↑
2008
Annual accounts 200828,1 k €↑
2007
Annual accounts 20075,3 k €
01/02/2007
IncorporationLimited partnership

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

MODULOR

Overview

What does MODULOR do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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