Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MODULART from Tubize, company number BE0870933801, closed financial year 2025 with a result of € 130,312 after tax. For that financial year MODULART recorded revenue of € 13.2 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 87,140 to € 130,312. 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 June 30, 2026.
€ 2.5 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 130,312
▲ 50% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ € 1.3 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.7 million.
People and assets in 2025
26.3
▲ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 9% vs 2024
€ 60,100 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.
€ 190,592
▼ 58% vs 2024
Of which on lease € 132,370.
Debts at end 2025
€ 2.1 million
▲ 30% vs 2024
€ 126,715 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.8 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 739,498
▲ 101% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,912,847 | € 12,986,198 | € 14,370,411 | € 13,189,193 | ▼ 8% |
| Profit after taxes | € 252,112 | € 57,942 | € 87,140 | € 130,312 | ▲ 50% |
| Equity | € 2,310,104 | € 2,365,959 | € 2,453,066 | € 2,523,379 | ▲ 3% |
| Total debts | € 6,117,283 | € 4,788,514 | € 4,214,376 | € 6,143,581 | ▲ 46% |
| Cash | € 1,004,605 | € 133,918 | € 272,040 | € 1,598,186 | ▲ € 1.3 million |
| Land & buildings | € 111,011 | € 160,033 | € 428,869 | € 746,769 | ▲ 74% |
| Retained profit | € 1,447,984 | € 1,505,926 | € 1,593,066 | € 1,723,379 | ▲ 8% |
| Dividend | € 120,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 3,476,594 | € 1,744,649 | € 1,582,127 | € 2,053,923 | ▲ 30% |
| Balance sheet total | € 8,649,947 | € 7,408,063 | € 6,950,160 | € 8,944,041 | ▲ 29% |
| Employees (FTE) | 21.4 | 23.7 | 24.1 | 26.3 | ▲ 2.2 |
Key figures of MODULART, 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 MODULART?
What happened at MODULART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 130,312 (▲ 50% vs 2024). Source: NBB ↗
- New establishment in Tubize. KBO
- Start of the company according to the CBE. KBO
In short
From € 252,112 profit in 2022 to € 130,312 profit in 2025.
Paid € 239,348 in corporate taxes since 2022.
Best year ever: 2022, with € 252,112 profit.
Paid out € 120,000 in dividends to the owners in total.
A new publication or filing at MODULART? 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 Brabant-Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MODULARTBehind MODULART are BRABANT INVEST SRL, Ghislain CARPENTIER DE CHANGY, Charles DE TROOSTEMBERGH - DE TROOSTEMBERGH and Marc LOUIS. The shares are held by Brabant-Invest (65%).
Directors
According to the 2025 annual accounts
Director · represented by Aymeric CARPENTIER DE CHANGY
Charles DE TROOSTEMBERGH - DE TROOSTEMBERGH
Director
Shareholders
65%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Déportation 218 box C
1480 Tubize
Rue de la Déportation 218
1480 Tubize
Active since 3 January 2005
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
- 0870.933.801
- VAT number
- BE 0870.933.801
- Registered office
- Rue de la Déportation 218 bus C, 1480 Tubize
- Names & denominations
- MODULART
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 2004
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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