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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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MODALED from De Panne, company number BE0829912006, closed financial year 2025 with a result of € 327,790 after tax. For that financial year MODALED recorded a gross margin of € 516,292 and equity of € 382,061. Compared with financial year 2024, the result moved from € 291,919 to € 327,790. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 6, 2026.
€ 382,061
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 327,790
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 37,208
▲ € 28,994 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 245,710 paid out
75 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 79,064
▲ 56% 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.
€ 44,197
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 196,511
▼ 8% vs 2024
€ 24,371 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 348,585
▲ 248% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 98,106
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 187,203 | € 162,447 | € 460,545 | € 516,292 | ▲ 12% |
| Profit after taxes | € 68,504 | € 18,575 | € 291,919 | € 327,790 | ▲ 12% |
| Equity | € 189,487 | € 208,063 | € 299,981 | € 382,061 | ▲ 27% |
| Total debts | € 406,994 | € 473,966 | € 725,346 | € 864,515 | ▲ 19% |
| Cash | € 18,085 | € 32,510 | € 8,214 | € 37,208 | ▲ € 28,994 |
| Land & buildings | € 184,763 | € 167,549 | € 150,332 | € 161,229 | ▲ 7% |
| Retained profit | € 177,087 | € 195,663 | € 287,581 | € 369,661 | ▲ 29% |
| Dividend | € 0 | € 0 | € 200,000 | € 245,710 | ▲ 23% |
| Bank debt | € 273,929 | € 254,197 | € 213,749 | € 196,511 | ▼ 8% |
| Balance sheet total | € 596,481 | € 682,029 | € 1,025,328 | € 1,246,576 | ▲ 22% |
Key figures of MODALED, 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 MODALED?
What happened at MODALED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 327,790 (▲ 12% vs 2024). Source: NBB ↗
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 68,504 profit in 2022 to € 327,790 profit in 2025.
Paid € 111,132 in corporate taxes since 2022.
Best year ever: 2025, with € 327,790 profit.
Paid out € 445,710 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 MODALED is STEVE VERMEULEN. STEVE VERMEULEN is also behind Modaman.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Poststraat 26
8660 De Panne
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
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0829.912.006
- VAT number
- BE 0829.912.006
- Registered office
- Poststraat 26, 8660 De Panne
- Names & denominations
- MODALED · ELEKTRO VERMEULEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2010
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- modaled.be [email protected]
- Activities · NACE
Algemene elektrotechnische installatiewerken
Bemiddelingsactiviteiten in verband met zakelijke dienstverlening, neg
Overige reserveringsactiviteiten