Blue Monk
ActiveBlue Monk has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency48▲+47
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 0.58 in 2023; short-term debt: 76.9% and cash: 45.3% of total assets), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.1%
Return on assets
47.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
146 d late
2022
150 d late
2021
509 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k
2023 · €-23k
2018: €-73k
2019: €-90k
2020: €-31k
2021: €33k
2022: €9k
2023: €-23k
2018 → 2024
Total assets
€94k▼ 2.2%
2023 · €96k
2018: €52k
2019: €43k
2020: €77k
2021: €135k
2022: €154k
2023: €96k
2018 → 2024
Net result
€45k
2023 · €-33k
2018: €-22k
2019: €-17k
2020: €59k
2021: €64k
2022: €-24k
2023: €-33k
2018 → 2024
Working capital
€11k
2023 · €-48k
2018: €-103k
2019: €-114k
2020: €-51k
2021: €17k
2022: €-27k
2023: €-48k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-31k-€33k€9k▼ 72.1%€-23k€22k
Operating result€60k-€64k▲ 7.7%€-20k€-31k▼ 51.3%€48k
Net result€59k-€64k▲ 9.8%€-24k€-33k▼ 36.3%€45k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €48k after a loss of €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€11k▼ 62.0%
Current assets
€84k▲ 22.8%
Equity and liabilities €94k
Equity
€22k
Debt
€73k
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€66k▲
2023 · €-13k
Cash flow
€63k▲
2023 · €-15k
Solvency
23.1%▲
2023 · -24.3%
Current ratio
1.15▲
2023 · 0.58
Quick ratio
1.15▲
2023 · 0.58
Debt / equity
3.33▲
2023 · -5.12
ROE
207.6%
ROA
47.9%▲
2023 · -33.9%
Interest coverage
76.01▲
2023 · -8.17
Debt
€73k▼
2023 · €120k
Debt ≤ 1 year
€73k▼
2023 · €116k
Income taxes
€2k▲
2023 · €558
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€96k€94k▼
Fixed assets21/28€28k€11k▼
Intangible fixed assets21€6k€2k▼
Tangible fixed assets22/27€20k€6k▼
Furniture and vehicles24€20k€6k▼
Financial fixed assets28€3k€3k=
Current assets29/58€68k€84k▲
Amounts receivable after more than one year29€28k€15k▼
Trade receivables290€28k€15k▼
Amounts receivable within one year40/41€24k€26k▲
Trade receivables40€21k€21k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€16k€43k▲
Equity and liabilities
Total equity and liabilities10/49€96k€94k▼
Equity10/15€-23k€22k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-42k€3k▲
Amounts payable17/49€120k€73k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€116k€73k▼
Current portion of amounts payable after more than one year42€7k€4k▼
Trade debts44€37k€39k▲
Suppliers440/4€37k€39k▲
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€26€5k▲
Other amounts payable47/48€69k€19k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€124k-
Remuneration, social security and pensions62€83-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Other operating charges640/8€1k€714▼
Gross operating margin9900€-12k€67k▲
Operating profit (loss)9901€-31k€48k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€870▼
Recurring financial charges65€2k€870▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-32k€48k▲
Income taxes67/77€558€2k▲
Profit (loss) for the period9904€-33k€45k▲
Profit (loss) for the period to be appropriated9905€-33k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€3k▲
Profit (loss) brought forward from the previous period14P€-9k€-42k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 509 days late
2021
31-12
Financial
Highest result since 2018net €64k ▲9.8%
Operating result €64k, net result €64k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.53 to 1.17; short-term debt falls from €108k to €100k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €59k
Net result €59k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 198 days late
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 134 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vlaanderenstraat 259700 OudenaardeGround area
161 m²
Building footprint
79 m²
Volume, LiDAR
446 m³
Parcel 45035A0183/00G007, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blue Monk
since 20152.244.371.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035A0183/00G007 | Flanders | 161 m² | 1 · 79 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 210 companies in sector 13100 we hold annual accounts for 139. 26 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2015
Fiscal year end31-12
Activities, NACEBEL
13100Manufacture of textiles
77110Renting and leasing of cars and light motor vehicles
77393Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.