Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 46.3 to 7.4.
Financials
Financial year 2025
MODEVA from Merelbeke-Melle, company number BE0448197309, closed financial year 2025 with a result of € -690,505 after tax. For that financial year MODEVA recorded a gross margin of € 1,727 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -606,413 to € -690,505. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ -2.1 million
▼ € 690,505 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -690,505
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
€ 13,698
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
7.4
▼ 29.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 661,255
▼ 70% vs 2024
€ 89,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 1.9 million
▲ 53% vs 2024
Loans from banks and other lenders, long and short.
€ 4,096
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,562
▼ 93% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,999,791 | € 2,640,160 | € 1,870,848 | € 1,727 | ▼ € 1.9 million |
| Profit after taxes | € -649,872 | € -624,644 | € -606,413 | € -690,505 | ▼ € 84,092 |
| Equity | € -144,368 | € -769,012 | € -1,375,425 | € -2,065,930 | ▼ € 690,505 |
| Total debts | € 655,301 | € 1,309,039 | € 1,587,190 | € 2,101,024 | ▲ 32% |
| Cash | € 102,616 | € 108,509 | € 71,923 | € 13,698 | ▼ 81% |
| Land & buildings | € 6,324 | € 5,511 | € 4,698 | € 0 | ▼ 100% |
| Retained profit | € -706,368 | € -1,331,012 | € -1,937,425 | € -2,627,930 | ▼ € 690,505 |
| Bank debt | € 111,613 | € 118,526 | € 1,242,221 | € 1,900,000 | ▲ 53% |
| Balance sheet total | € 562,933 | € 592,027 | € 263,765 | € 35,093 | ▼ 87% |
| Employees (FTE) | 44.6 | 46.3 | 36.6 | 7.4 | ▼ 29.2 |
Key figures of MODEVA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MODEVA?
What happened at MODEVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KONARU CONSULTING CommV stepped down as director. NBB
- JLD BV stepped down as director. NBB
- Aldea Group NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 690,505. Source: NBB ↗
- KONARU CONSULTING CommV became a director. NBB
- JLD BV became a director. NBB
- Aldea Group NV became a director. NBB
- New establishment in Gent. KBO
In short
From € 649,872 loss in 2022 to € 690,505 loss in 2025.
On average € 200 of value added per employee in 2025.
Management
The stake of Curavi comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MODEVAThe shares are held by Curavi (100%).
Directors
According to the 2025 annual accounts
Director · represented by Koen Maes
Also active at: Home Claire, SUD PROPERTIES, ALDEA GROUP
since 2025 · until 2031
Director · represented by Jean-Luc Desmet
Also active at: IMMO DESIMPEL, DEMSONAR, TER POELE BELVEDERE, POC Partners, ZAKENKANTOOR D & V, POC CONSTRUCT, SIRIUS PROMOTIE, Immo Ter Poel +24 more
since 2025 · until 2031
Director · represented by Christophe Desimpel
Owns 100% via Curavi
Also active at: DEMSONAR, TER POELE BELVEDERE, Home Claire, DECOTIM, FALYNN, ALDEA CONSTRUCT, CURALEASE, Curavi +6 more
since 2025 · until 2031
Shareholders
Curavi · holding of Aldea Group NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Guldensporenpark 117 box A
9820 Merelbeke-Melle
Bagattenstraat 177
9000 Gent
Active since 31 August 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.197.309
- VAT number
- BE 0448.197.309
- Registered office
- Guldensporenpark 117 bus A, 9820 Merelbeke-Melle
- Names & denominations
- MODEVA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 September 1992
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Rusthuizen voor ouderen (ROB)
Rust- en verzorgingstehuizen
Rust- en verzorgingstehuizen (RVT)