Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Investeringsmaatschappij Modest from Gent, company number BE0500504162, closed financial year 2025 with a result of € -9,710 after tax. For that financial year Investeringsmaatschappij Modest recorded a gross margin of € 241,973 and equity of € 6.3 million. Compared with financial year 2024, the result moved from € -71,625 to € -9,710. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 6.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,710
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 936,821
▲ 144% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,177.
Debts at end 2025
€ 25.3 million
▲ 105% vs 2024
€ 113,656 is repaid this year. At this pace the long-term loan is gone in ≈ 222 years.
€ 88,656
▼ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37
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 | € -218 | € -3,626 | € -924 | € 241,973 | ▲ € 242,898 |
| Profit after taxes | € -762 | € -4,882 | € -71,625 | € -9,710 | ▲ € 61,915 |
| Equity | € 38,540 | € 33,658 | € 6,290,907 | € 6,281,197 | |
| Total debts | € 0 | € 1,150,533 | € 14,587,137 | € 25,409,683 | ▲ 74% |
| Cash | € 38,540 | € 81,519 | € 384,355 | € 936,821 | ▲ 144% |
| Land & buildings | - | € 376,488 | € 11,300,277 | € 12,917,894 | ▲ 14% |
| Retained profit | € -22,960 | € -27,842 | € -99,467 | € -109,177 | ▼ € 9,710 |
| Bank debt | € 0 | € 1,150,000 | € 12,293,678 | € 25,262,484 | ▲ 105% |
| Balance sheet total | € 38,540 | € 1,184,191 | € 20,878,043 | € 31,690,880 | ▲ 52% |
Key figures of Investeringsmaatschappij Modest, 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 Investeringsmaatschappij Modest?
What happened at Investeringsmaatschappij Modest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank Van Goethem stepped down as director. NBB
- Filip Watteeuw stepped down as director. NBB
- Joris Vandenbroucke stepped down as director. NBB
- Christophe Peeters stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,710. Source: NBB ↗
- Frank Van Goethem became a director. NBB
- Filip Watteeuw became a director. NBB
- Joris Vandenbroucke became a director. NBB
In short
From € 762 loss in 2022 to € 9,710 loss in 2025.
A new publication or filing at Investeringsmaatschappij Modest? We notify you, reason included.
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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
The stake of Grondbank The Loop comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Investeringsmaatschappij ModestThe shares are held by Sogent (100%) and Grondbank The Loop (1%).
Directors
According to the 2025 annual accounts
Frank Van Goethem
Managing director
Also active at: Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, TLG Science Park
since 2025 · until 2031
Filip Watteeuw
Director
Also active at: Stadsontwikkeling Gent (sogent), Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, Eiland Zwijnaarde, ARTEVELDE-STADION, Grondbank The Loop
since 2025 · until 2031
Joris Vandenbroucke
Chairman of the board
Also active at: FLUVIUS IMEWO, Vlaamse Vervoermaatschappij - De Lijn, Stadsontwikkeling Gent (sogent), THUISPUNT GENT, Fluvius System Operator, Creat, Creat Services, Eiland Zwijnaarde +1 more
since 2025 · until 2031
Christophe Peeters
Director
Also active at: Farys, Intercommunale Maatschappij Opera voor Vlaanderen, Stadsontwikkeling Gent (sogent), AquaFlanders, Collegium Vocale Gent, VLAAMSE ENERGIEHOLDING, Fluvius System Operator, SYNDUCTIS +2 more
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Voldersstraat 1
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Stadsontwikkeling Gent (sogent) same network
€ 13.1 million revenue · 2025
Verbroedering der Registratiebedienden
Citadel Finance
€ 1.1 million gross margin · 2025
Maatschappij voor Industriële Ontwikkeling te Zwijnaarde same network
€ 57,375 revenue · 2025
Huuringent
€ 101,001 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0500.504.162
- VAT number
- BE 0500.504.162
- Registered office
- Voldersstraat 1, 9000 Gent
- Names & denominations
- Investeringsmaatschappij Modest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2012
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Overige persoonlijke diensten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis