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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MODIFA from Waterloo, company number BE0450158588, closed financial year 2025 with a result of € -75,813 after tax. For that financial year MODIFA recorded a gross margin of € 184,500 and equity of € -153,668. Compared with financial year 2024, the result moved from € 38,450 to € -75,813. 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 August 30, 2026.
€ -153,668
▼ € 75,813 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -75,813
▼ still € 38,450 profit in 2024
Profit after tax over the fiscal year.
€ 16,491
▲ € 15,970 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -563,036.
People and assets in 2025
€ 210,943
▲ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,217
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 141,556
▼ 26% vs 2024
€ 37,348 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 52,018
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,918
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 212,960 | € 32,013 | € 272,196 | € 184,500 | ▼ 32% |
| Profit after taxes | € -19,741 | € -213,651 | € 38,450 | € -75,813 | ▼ € 114,263 |
| Equity | € 97,345 | € -116,306 | € -77,855 | € -153,668 | ▼ € 75,813 |
| Total debts | € 401,540 | € 478,761 | € 503,557 | € 414,238 | ▼ 18% |
| Cash | € 287 | € 5,430 | € 521 | € 16,491 | ▲ € 15,970 |
| Land & buildings | € 124,266 | € 111,036 | € 99,411 | € 86,719 | ▼ 13% |
| Retained profit | € -312,023 | € -525,674 | € -487,223 | € -563,036 | ▼ € 75,813 |
| Bank debt | € 268,125 | € 224,343 | € 192,217 | € 141,556 | ▼ 26% |
| Balance sheet total | € 498,885 | € 362,455 | € 425,702 | € 260,570 | ▼ 39% |
Key figures of MODIFA, 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 MODIFA?
What happened at MODIFA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sylvianne DOR stepped down as director. NBB
- Augustin MOTTE DIT FALISSE stepped down as director. NBB
- Nicolas MOTTE DIT FALISSE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 75,813 (▼ € 114,263 vs 2024). filed late Source: NBB ↗
- Sylvianne DOR became a director. NBB
- Augustin MOTTE DIT FALISSE became a director. NBB
- Nicolas MOTTE DIT FALISSE became a director. NBB
- New establishment in Sint-Genesius-Rode. KBO
In short
From € 19,741 loss in 2022 to € 75,813 loss in 2025.
Paid € 2,768 in corporate taxes since 2022.
Best year ever: 2024, with € 38,450 profit.
Management
Directors
According to the 2025 annual accounts
Sylvianne DOR
Director
since 2026 · until 2032
Augustin MOTTE DIT FALISSE
Managing director
since 2026 · until 2032
Nicolas MOTTE DIT FALISSE
Chairman of the board
Also active at: IMMONAM, Sudvin & Dreams, NATURATHOME, Sales & Dreams, VINOTEST SPRL, WINES & DREAMS
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Avenue Beau Séjour 36
1410 Waterloo
Waterloose Steenweg 125
1640 Sint-Genesius-Rode
Active since 1 January 2014
Brugmannlaan 10
1060 Sint-Gillis (bij-Brussel)
Active since 1 April 2006
Chaussée de Jodoigne 29
1390 Grez-Doiceau
Active since 1 March 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0450.158.588
- VAT number
- BE 0450.158.588
- Registered office
- Avenue Beau Séjour 36, 1410 Waterloo
- Names & denominations
- MODIFA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1993
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
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