I don't do VBA but in python, modules are fundamental. As you say, the can be viewed as namespaces but they are also objects in their own right. They are not classes however, so you cannot inherit from them (at least not directly).
I find that it's a good rule to keep a module concerned with one domain area. The rule that I use for deciding if something is a module level function or a class method is to ask myself if it could meaningfully be used on any objects that satisfy the 'interface' that it's arguments take. If so, then I free it from a class hierarchy and make it a module level function. If its usefulness truly is restricted to a particular class hierarchy, then I make it a method.
If you need it work on all instances of a class hierarchy and you make it a module level function, just remember that all the the subclasses still need to implement the given interface with the given semantics. This is one of the tradeoffs of stepping away from methods: you can no longer make a slight modification and call super
. On the other hand, if subclasses are likely to redefine the interface and its semantics, then maybe that particular class hierarchy isn't a very good abstraction and should be rethought.