Monni Solutions
Open bankruptcyFinancials · financial year 2025, full format
2025 annual accounts filed 74 days after the deadline Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555615.
Annual accounts 2025 filed on 13-10-2026 at the NBB all 32 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€8.9m▲ 28.2%
2024 · €7.0m
EBIT margin
8.7%▲ 5.2pp
2024 · 3.5%
Net result
€633,456▲ 69.9%
2024 · €372,904
Working capital
€4.0m▼ 27.0%
2024 · €5.4m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€8.9m
▲ 28.2%
2025
20182025
Operating result
€777,290
▲ 222%
2025
20182025
Net result
€633,456
▲ 69.9%
2025
highest quarter of the sector
20182025
EBIT margin
8.7%
▲ 5.2pp
2025
20182025
Equity
€4.7m
▼ 22.6%
2025
middle half of the sector
20182025
Total assets
€8.7m
▼ 35.6%
2025
middle half of the sector
20182025
Debt
€4.0m
▼ 46.3%
2025
20182025
Working capital
€4.0m
▼ 27.0%
2025
highest quarter of the sector
20182025
Solvency
53.6%
▲ 9.1pp
2025
middle half of the sector
20182025
Current ratio
2.06
▲ 0.27
2025
middle half of the sector
20182025
Return on assets (ROA)
7.3%
▲ 4.5pp
2025
middle half of the sector
20182025
Staff (FTE)
32.4
▼ 7.7%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€9.9m-€8.9m▼ 9.7%€7.8m▼ 12.2%€8.0m▲ 2.2%€7.2m▼ 10.1%€6.9m▼ 4.7%€7.0m▲ 1.5%€8.9m▲ 28.2%
Operating result€2.9m-€2.8m▼ 3.2%€1.3m▼ 54.2%€0.9m▼ 32.1%€1.0m▲ 12.4%-€0.05m€0.2m€0.8m▲ 222%
Net result€3.0m-€1.6m▼ 47.3%€0.5mabove the sector's middle half▼ 65.4%-€0.5mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 56.4%-€0.8mbelow the sector's middle half▼ 232%€0.4mabove the sector's middle half€0.6mabove the sector's middle half▲ 69.9%
EBIT margin29.5%-31.6%▲ 2.1pp16.5%▼ 15.1pp11.0%▼ 5.5pp13.7%▲ 2.7pp-0.7%▼ 14.4pp3.5%▲ 4.2pp8.7%▲ 5.2pp
Equity€7.1m-€8.5m▲ 18.6%€9.0mabove the sector's middle half▲ 6.4%€9.4mabove the sector's middle half▲ 4.3%€9.2mabove the sector's middle half▼ 2.4%€8.4mabove the sector's middle half▼ 8.2%€6.1mabove the sector's middle half▼ 28.2%€4.7mwithin the sector's middle half▼ 22.6%
Total assets€12.0m-€13.4m▲ 11.8%€13.9mabove the sector's middle half▲ 3.3%€14.7mabove the sector's middle half▲ 6.2%€14.3mabove the sector's middle half▼ 3.1%€13.0mabove the sector's middle half▼ 9.2%€13.6mabove the sector's middle half▲ 4.6%€8.7mwithin the sector's middle half▼ 35.6%
Debt€4.9m-€5.0m▲ 1.8%€4.9m▼ 2.1%€5.3m▲ 9.8%€5.1m▼ 4.3%€4.5m▼ 11.0%€7.5m▲ 65.0%€4.0m▼ 46.3%
Working capital€4.5m-€6.6m▲ 46.5%€7.5mabove the sector's middle half▲ 13.3%€8.3mabove the sector's middle half▲ 10.8%€8.2mabove the sector's middle half▼ 1.4%€7.7mabove the sector's middle half▼ 6.3%€5.4mabove the sector's middle half▼ 29.3%€4.0mabove the sector's middle half▼ 27.0%
Solvency59.4%-63.1%▲ 3.6pp65.0%above the sector's middle half▲ 1.9pp63.8%above the sector's middle half▼ 1.2pp64.3%above the sector's middle half▲ 0.5pp65.0%above the sector's middle half▲ 0.7pp44.6%within the sector's middle half▼ 20.4pp53.6%within the sector's middle half▲ 9.1pp
Current ratio2.02-2.47▲ 0.452.72above the sector's middle half▲ 0.252.77above the sector's middle half▲ 0.052.77above the sector's middle half=2.94above the sector's middle half▲ 0.171.79within the sector's middle half▼ 1.152.06within the sector's middle half▲ 0.27
Return on assets (ROA)25.0%-11.8%▼ 13.2pp3.9%within the sector's middle half▼ 7.8pp-3.5%below the sector's middle half▼ 7.5pp-1.6%below the sector's middle half▲ 1.9pp-5.8%below the sector's middle half▼ 4.2pp2.7%within the sector's middle half▲ 8.6pp7.3%within the sector's middle half▲ 4.5pp
Staff (FTE)24.1-22.7▼ 5.8%29above the sector's middle half▲ 27.8%32.3above the sector's middle half▲ 11.4%33.9above the sector's middle half▲ 5.0%34.3above the sector's middle half▲ 1.2%35.1above the sector's middle half▲ 2.3%32.4above the sector's middle half▼ 7.7%
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is over 3.2 times that of 2024. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.7m
Fixed assets
€1.1m ▼ 19.3%
Current assets
€7.7m ▼ 37.4%
Equity and liabilities €8.7m
Equity
€4.7m ▼ 22.6%
Provisions
€25,000 =
Debt
€4.0m ▼ 46.3%
Debt's share of the balance-sheet total falls from 55.2% to 46.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.3m▲
2024 · €794,546
Cash flow
€1.1m▲
2024 · €925,865
Quick ratio
1.93▲
2024 · 1.63
Debt to equity
0.86▼
2024 · 1.24
ROE
13.5%▲
2024 · 6.2%
Interest coverage
83.99▲
2024 · 7.64
Debt ≤ 1 year
€3.7m▼
2024 · €6.8m
Income taxes
€306,151▲
2024 · €242,780
Customer credit
53 days▼
2024 · 126 days
Supplier credit
215 days▲
2024 · 211 days
Staff costs
€2.2m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 34 | 35 | 38 | 29 |
| full-time | 32 | 34 | 36 | 28 |
| part-time | 2 | 1 | 2 | 1 |
| in full-time equivalents | 33.3 | 34.8 | 37.3 | 28.9 |
| Average over the year, in full-time equivalents | 33.9 | 34.3 | 35.1 | 32.4 |
| On a permanent contract | 34 | 35 | 38 | 29 |
| Joined | 36 | 23 | 32 | 11 |
| Left | 40 | 22 | 29 | 20 |
| Agency workers, average number | - | - | - | 0.1 |
| Training hours | 480 | 947 | 269 | 544 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €570,294 | €462,407 | €737,842 | €302,343 |
| Intangible fixed assets | €644,010 | - | - | €72,500 | - |
| Financial fixed assets | €1 | - | - | - | - |
| Depreciation and write-downs of the year | €867,963 | €670,648 | €560,352 | €552,961 | €498,445 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €13,469 | €14,951 | €17,500 | €17,500 | €19,752 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €5,400 awarded · €5,400 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €5,400 |
| 2022 | 1 | €5,400 | €0 |
Public contracts
1 award · 2023
Groepsaankoop aankoop betaalterminals
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €8.9m | €7.8m | €7.6m | €7.6m | €9.4m | ▲ 24.4% |
| Turnover70 | €9.9m | €8.9m | €7.8m | €8.0m | €7.2m | €6.9m | €7.0m | €8.9m | ▲ 28.2% |
| Own construction capitalised72 | - | - | - | €0.6m | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 44.0% |
| Other operating income74 | - | - | - | €0.2m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 119% |
| Non-recurring operating income76A | - | - | - | €0.05m | €0.02m | €0.005m | €0 | - | - |
| Operating charges60/66A | - | - | - | €8.0m | €6.9m | €7.6m | €7.3m | €8.6m | ▲ 17.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.4m | €0.8m | €1.0m | €1.5m | €1.8m | ▲ 20.3% |
| Purchases600/8 | - | - | - | - | €1.0m | €1.5m | €1.1m | €1.4m | ▲ 30.6% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.1m | -€0.2m | -€0.6m | €0.4m | €0.4m | ▼ 6.1% |
| Services and other goods61 | - | - | - | €3.6m | €3.2m | €3.3m | €2.7m | €2.3m | ▼ 15.1% |
| Remuneration, social security and pensions62 | - | - | - | €1.4m | €1.5m | €1.7m | €1.9m | €2.2m | ▲ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.4m | €1.3m | €1.0m | €0.9m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.06m | -€0.03m | €0.4m | €0.2m | €0.4m | ▲ 90.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.03m | - | - |
| Other operating charges640/8 | - | - | - | €0.6m | €0.8m | €0.7m | €0.3m | €1.3m | ▲ 304% |
| Non-recurring operating charges66A | - | - | - | €0.003m | €0.02m | €0.03m | €0.09m | €0.05m | ▼ 46.1% |
| Operating profit (loss)9901 | €2.9m | €2.8m | €1.3m | €0.9m | €1.0m | -€0.05m | €0.2m | €0.8m | ▲ 222% |
| Financial income75/76B | - | - | - | - | €0.1m | €0.4m | €0.4m | €0.2m | ▼ 59.1% |
| Recurring financial income75 | €0.2m | €0.04m | €0.3m | €0.1m | €0.1m | €0.4m | €0.4m | €0.2m | ▼ 59.1% |
| Income from current assets751 | - | - | - | €0.1m | €0.1m | €0.4m | €0.4m | €0.2m | ▼ 59.1% |
| Financial charges65/66B | - | - | - | €1.2m | €1.0m | €1.0m | €0.07m | €0.02m | ▼ 73.0% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.5m | €1.2m | €1.0m | €1.0m | €0.07m | €0.02m | ▼ 73.0% |
| Debt charges650 | €0.05m | €0.07m | €0.03m | €0.04m | €0.03m | €0.1m | €0.1m | €0.02m | ▼ 85.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €1.1m | €1.0m | €0.9m | -€0.04m | - | - |
| Other financial charges652/9 | - | - | - | €0.01m | €0.006m | €0.005m | €0.004m | €0.003m | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €3.0m | €2.7m | €1.0m | -€0.2m | €0.1m | -€0.7m | €0.6m | €0.9m | ▲ 52.6% |
| Income taxes67/77 | €0.05m | €1.2m | €0.5m | €0.3m | €0.3m | €0.07m | €0.2m | €0.3m | ▲ 26.1% |
| Taxes670/3 | - | - | - | €0.3m | €0.3m | €0.07m | €0.2m | €0.3m | ▲ 29.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.009m | €0 | - | €0.009m | - |
| Profit (loss) for the period9904 | €3.0m | €1.6m | €0.5m | -€0.5m | -€0.2m | -€0.8m | €0.4m | €0.6m | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €3.0m | €1.6m | €0.5m | -€0.5m | -€0.2m | -€0.8m | €0.4m | €0.6m | ▲ 69.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12.0m | €13.4m | €13.9m | €14.7m | €14.3m | €13.0m | €13.6m | €8.7m | ▼ 35.6% |
| Fixed assets21/28 | €3.1m | €2.3m | €2.0m | €1.8m | €1.5m | €1.4m | €1.3m | €1.1m | ▼ 19.3% |
| Intangible fixed assets21 | €0.05m | - | - | - | - | - | €0.07m | €0.06m | ▼ 20.0% |
| Tangible fixed assets22/27 | €2.9m | €2.3m | €2.0m | €1.7m | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 18.8% |
| Furniture and vehicles24 | - | - | - | €424 | - | - | - | €0.01m | - |
| Other tangible fixed assets26 | - | - | - | €1.7m | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 19.7% |
| Financial fixed assets28 | €0.2m | €0.03m | €0.03m | €0.04m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 39.3% |
| Affiliated companies280/1 | - | - | - | €2 | - | - | - | - | - |
| Participating interests280 | - | - | - | €2 | - | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.04m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 39.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.04m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 39.3% |
| Current assets29/58 | €8.9m | €11.1m | €11.8m | €13.0m | €12.8m | €11.6m | €12.2m | €7.7m | ▼ 37.4% |
| Stocks and contracts in progress3 | €0.9m | €1.0m | €0.6m | €0.5m | €0.7m | €1.3m | €1.1m | €0.5m | ▼ 52.5% |
| Stocks30/36 | - | - | - | €0.5m | €0.7m | €1.3m | €1.1m | €0.5m | ▼ 52.5% |
| Goods purchased for resale34 | - | - | - | €0.5m | €0.7m | €1.3m | €0.9m | €0.5m | ▼ 42.6% |
| Advance payments36 | - | - | - | - | - | - | €0.2m | - | - |
| Amounts receivable within one year40/41 | €7.1m | €10.0m | €10.2m | €12.2m | €12.0m | €9.8m | €9.7m | €2.3m | ▼ 76.8% |
| Trade receivables40 | - | - | - | €3.0m | €2.8m | €2.0m | €2.4m | €1.3m | ▼ 45.9% |
| Other amounts receivable41 | - | - | - | €9.1m | €9.2m | €7.8m | €7.3m | €1.0m | ▼ 86.9% |
| Current investments50/53 | - | - | - | - | - | - | - | €4.0m | - |
| Other investments51/53 | - | - | - | - | - | - | - | €4.0m | - |
| Cash at bank and in hand54/58 | €1.0m | €0.1m | €1.0m | €0.4m | €0.1m | €0.5m | €1.4m | €0.9m | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.04m | €0.003m | €0.03m | €0.03m | ▼ 3.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12.0m | €13.4m | €13.9m | €14.7m | €14.3m | €13.0m | €13.6m | €8.7m | ▼ 35.6% |
| Equity10/15 | €7.1m | €8.5m | €9.0m | €9.4m | €9.2m | €8.4m | €6.1m | €4.7m | ▼ 22.6% |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Capital10 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Contributions outside capital11 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Share premium1100/10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | €3.6m | €4.9m | €5.5m | €4.9m | €4.7m | €3.9m | €1.5m | €0.2m | ▼ 89.0% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.03m | €0.03m | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.03m | €0.03m | = |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.03m | €0.03m | = |
| Amounts payable17/49 | €4.9m | €5.0m | €4.9m | €5.3m | €5.1m | €4.5m | €7.5m | €4.0m | ▼ 46.3% |
| Amounts payable after more than one year17 | - | - | - | €0.2m | €0.01m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.01m | €0 | - | - | - |
| Credit institutions173 | - | - | - | €0.2m | €0.01m | €0 | - | - | - |
| Amounts payable within one year42/48 | €4.4m | €4.5m | €4.4m | €4.7m | €4.6m | €3.9m | €6.8m | €3.7m | ▼ 45.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.01m | €0 | - | - |
| Financial debts43 | - | - | - | €0.2m | €0.1m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | €0.1m | €0 | - | - | - |
| Trade debts44 | €1.6m | €1.4m | €0.8m | €1.0m | €1.2m | €1.1m | €0.9m | €1.1m | ▲ 22.7% |
| Suppliers440/4 | - | - | - | €1.0m | €1.2m | €1.1m | €0.9m | €1.1m | ▲ 22.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €0.6m | €0.3m | €0.4m | €0.6m | ▲ 48.5% |
| Taxes450/3 | - | - | - | €0.6m | €0.4m | €0.07m | €0.2m | €0.4m | ▲ 96.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 8.5% |
| Other amounts payable47/48 | - | - | - | €2.5m | €2.5m | €2.5m | €5.5m | €2.0m | ▼ 63.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.3m | ▼ 53.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.0m | €1.6m | €0.5m | -€0.5m | -€0.2m | -€0.8m | €0.4m | €0.6m | ▲ 69.9% |
| + Depreciation and write-downs630 | €1.4m | €1.3m | €1.0m | €0.9m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 9.9% |
| Operating cash flow (approximation) | €4.4m | €2.8m | €1.6m | €0.3m | €0.4m | -€0.2m | €0.9m | €1.1m | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.7m | -€0.6m | -€0.4m | -€0.4m | -€0.5m | -€0.2m | ▲ 52.5% |
| Change in cash | - | -€0.8m | €0.9m | -€0.7m | -€0.3m | €0.4m | €0.9m | -€0.5m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-10-2026 | 2026-00555615 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00471865 | |
| 31-12-2023 | full format | 07-10-2024 | 2024-00502123 | |
| 31-12-2022 | full format | 23-06-2023 | 2023-00170976 | |
| 31-12-2021 | full format | 19-07-2022 | 2022-20231965 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-33500304 | |
| 31-12-2019 | full format | 05-06-2020 | 2020-15200316 | |
| 31-12-2018 | full format | 27-06-2019 | 2019-23900264 | |
| 31-12-2017 | full format | 22-06-2018 | 2018-21500530 | |
| 31-12-2016 | full format | 02-06-2017 | 2017-15200274 |