Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Modere Europe from Machelen (Brab.), company number BE0893292596, closed financial year 2023 with a result of € 367,243 after tax. For that financial year Modere Europe recorded revenue of € 21.2 million and equity of € 3.3 million. Compared with financial year 2022, the result moved from € 162,933 to € 367,243. 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 July 10, 2024.
€ 3.3 million
▲ 12% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 367,243
▲ 125% vs 2022
Profit after tax over the fiscal year.
€ 1.3 million
▼ 7% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 3.3 million.
People and assets in 2023
12.4
▼ 1.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 14% vs 2022
€ 151,400 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.
€ 30,256
▼ 22% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 9.7 million
▼ 12% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 130 days on average.
€ 2.5 million
▲ 8% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 21,749,838 | € 20,054,672 | € 21,202,813 | ▲ 6% |
| Profit after taxes | € 283,542 | € 162,933 | € 367,243 | ▲ 125% |
| Equity | € 2,806,861 | € 2,969,794 | € 3,337,037 | ▲ 12% |
| Total debts | € 46,967,170 | € 13,275,451 | € 12,318,529 | ▼ 7% |
| Cash | € 1,714,623 | € 1,417,370 | € 1,322,682 | ▼ 7% |
| Retained profit | € 2,781,861 | € 2,944,794 | € 3,312,037 | ▲ 12% |
| Balance sheet total | € 49,774,032 | € 16,245,245 | € 15,655,565 | ▼ 4% |
| Employees (FTE) | 12.5 | 13.5 | 12.4 | ▼ 1.1 |
Key figures of Modere Europe, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Modere Europe?
What happened at Modere Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Modere Europe is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 367,243 (▲ 125% vs 2022). Source: NBB ↗
- Glen Lewis Tuttle became a director. NBB
- Jonas Hedberg became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Machelen (Brab.). KBO
In short
From € 283,542 profit in 2021 to € 367,243 profit in 2023.
Paid € 257,095 in corporate taxes since 2021.
Best year ever: 2023, with € 367,243 profit.
Pays suppliers within 130 days on average.
A new publication or filing at Modere Europe? 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
Behind Modere Europe are Glen Lewis Tuttle and Jonas Hedberg.
Directors
According to the 2023 annual accounts
Glen Lewis Tuttle
Director
since 2023
Jonas Hedberg
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Telecomlaan 9
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0893.292.596
- VAT number
- BE 0893.292.596
- Registered office
- Telecomlaan 9, 1831 Machelen (Brab.)
- Names & denominations
- Modere Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 7 November 2007
- Peppol
- Not registered
- Activities · NACE
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