Financials
Financial year 2025
MODUS RESEARCH from Leuven, company number BE0477365902, closed financial year 2025 with a result of € 68,421 after tax. For that financial year MODUS RESEARCH recorded a gross margin of € 120,327 and equity of € 386,568. Compared with financial year 2024, the result moved from € 209,013 to € 68,421. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 386,568
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68,421
▼ 67% vs 2024
Profit after tax over the fiscal year.
€ 241,953
▲ 118% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 155,504 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 500
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 38,228
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 48,834
▲ 9% vs 2024
€ 29,468 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 478
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,872
▼ 78% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,583 | € 218,077 | € 309,816 | € 120,327 | ▼ 61% |
| Profit after taxes | € -7,098 | € 132,685 | € 209,013 | € 68,421 | ▼ 67% |
| Equity | € 232,578 | € 365,263 | € 473,651 | € 386,568 | ▼ 18% |
| Total debts | € 81,069 | € 124,866 | € 182,666 | € 177,520 | ▼ 3% |
| Cash | € 207,146 | € 44,027 | € 110,753 | € 241,953 | ▲ 118% |
| Land & buildings | - | - | - | € 3,377 | |
| Retained profit | € 220,178 | € 352,863 | € 461,251 | € 374,168 | ▼ 19% |
| Dividend | € 0 | € 0 | € 100,625 | € 155,504 | ▲ 55% |
| Bank debt | € 70,482 | € 57,774 | € 44,894 | € 48,834 | ▲ 9% |
| Balance sheet total | € 313,646 | € 490,129 | € 656,317 | € 564,088 | ▼ 14% |
Key figures of MODUS RESEARCH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MODUS RESEARCH?
What happened at MODUS RESEARCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 68,421 (▼ 67% vs 2024). Source: NBB ↗
- Nicole Vanden Eynde became a director. NBB
- New establishment in Leuven. KBO
- Kris Vloeberghs became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,098 loss in 2022 to € 68,421 profit in 2025.
Paid € 188,254 in corporate taxes since 2022.
Best year ever: 2024, with € 209,013 profit.
Paid out € 256,129 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MODUS RESEARCH are Nicole Vanden Eynde and Kris Vloeberghs.
Directors
According to the 2025 annual accounts
Nicole Vanden Eynde
Director
since 2020
Kris Vloeberghs
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Geldenaaksebaan 298
3001 Leuven
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.
Details
- Company number
- 0477.365.902
- VAT number
- BE 0477.365.902
- Registered office
- Geldenaaksebaan 298, 3001 Leuven
- Names & denominations
- MODUS RESEARCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2002
- Peppol
- Active · Active since 26 Mar 2025
- Activities · NACE
Verhuur en lease van caravans
Handel in eigen onroerend goed
Overige zakelijke dienstverlening, neg