Monni
Open bankruptcyAre you a creditor?
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Commercial Court of Brussels
- Declared bankrupt
- 2 October 2003
- Official Gazette
- 14-11-2003 (pdf) ↗search the document for 2003/031808
Deadlines
- Appeal or third-party opposition until
- passed on 29 November 2003Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- Late claim until
- passed on 2 October 2004A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
The trustee is not recorded in a form we can read. You will find them in RegSol and in the publication.
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- This bankruptcy was opened before April 2017 and is not in RegSol: the trustee and the registry of the enterprise court keep the file.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Equity
- €20.4m
- Profit
- €7.2m
- Parent
- POWERGRAPH · 62.67%
- Board
- 6 members
- Holdings
- 6
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
This company filed its last 5 accounts on average 48 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
- Reappointments: Powergraph BV, Primus Consulting &…Permanent representatives: Guido Van der…
- Permanent representative: Pieter GEERAERTSShare cancellation · Amendment of…
- Annual accounts filedfinancial year 2025 · full…
Financials · financial year 2025, full format, standalone accounts
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.4m | €6.0m | €6.6m | €6.2m | €3.2m | ▼ 47.9% |
| Turnover70 | €3.5m | €3.7m | €3.3m | €4.8m | €5.4m | €6.0m | €5.5m | €2.8m | ▼ 48.8% |
| Other operating income74 | - | - | - | €0.6m | €0.7m | €0.6m | €0.7m | €0.4m | ▼ 39.8% |
| Non-recurring operating income76A | - | - | - | - | €0.02m | €0 | €0.01m | - | - |
| Operating charges60/66A | - | - | - | €4.1m | €4.2m | €3.8m | €3.2m | €2.7m | ▼ 14.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | €0.003m | - | - |
| Purchases600/8 | - | - | - | - | - | - | €0.003m | - | - |
| Services and other goods61 | - | - | - | €3.4m | €3.7m | €3.4m | €2.8m | €2.6m | ▼ 8.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 64.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | €0.04m | €0 | - | -€0.2m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.2m | -€0.2m | €0 | €0.06m | €0.09m | ▲ 63.6% |
| Other operating charges640/8 | - | - | - | €0.07m | €0.3m | €0.08m | €0.08m | €0.2m | ▲ 172% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | €0.01m | €0.006m | - | - |
| Operating profit (loss)9901 | €0.2m | €0.7m | €0.8m | €1.3m | €1.9m | €2.8m | €3.0m | €0.5m | ▼ 83.1% |
| Financial income75/76B | - | - | - | €0.02m | €0.02m | €0.6m | €0.09m | €6.9m | ▲ 7,580% |
| Recurring financial income75 | €2.8m | €0.001m | €0.006m | €0.02m | €0.02m | €0.6m | €0.09m | €6.9m | ▲ 7,566% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.6m | €0 | €6.8m | - |
| Income from current assets751 | - | - | - | €0.01m | €0.02m | €0 | €0.09m | €0.09m | ▲ 3.0% |
| Other financial income752/9 | - | - | - | €0.006m | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.01m | - |
| Financial charges65/66B | - | - | - | €1.3m | €1.1m | €0.5m | €0.4m | €0.2m | ▼ 45.8% |
| Recurring financial charges65 | €0.7m | €0.2m | €1.2m | €0.9m | €1.1m | €0.5m | €0.4m | €0.2m | ▼ 59.2% |
| Debt charges650 | €0.4m | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.3m | €0.08m | ▼ 74.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.8m | €1.0m | €0.1m | €0.004m | -€0.6m | - |
| Other financial charges652/9 | - | - | - | €0.007m | €0.01m | €0.04m | €0.06m | €0.6m | ▲ 900% |
| Non-recurring financial charges66B | - | - | - | €0.4m | - | - | - | €0.05m | - |
| Profit (loss) for the period before taxes9903 | €2.3m | €0.5m | -€1.6m | €0.05m | €0.8m | €2.8m | €2.7m | €7.2m | ▲ 167% |
| Income taxes67/77 | - | - | - | €0.05m | €0.01m | €0.2m | €0.1m | €0.03m | ▼ 77.6% |
| Taxes670/3 | - | - | - | €0.05m | €0.06m | €0.2m | €0.1m | €0.03m | ▼ 77.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.05m | €0.01m | €0 | - | - |
| Profit (loss) for the period9904 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24.0m | €24.7m | €22.8m | €22.1m | €23.9m | €25.4m | €26.1m | €25.7m | ▼ 1.8% |
| Fixed assets21/28 | €20.8m | €21.3m | €20.4m | €19.9m | €21.1m | €21.0m | €21.9m | €21.9m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.6m | €0.4m | €0.3m | €0.1m | €0.09m | €0.06m | ▼ 27.0% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.3m | €0.1m | €0.09m | €0.06m | ▼ 27.0% |
| Leasing and similar rights25 | - | - | - | €0 | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0.002m | €499 | €0 | - | - | - |
| Financial fixed assets28 | €19.9m | €20.4m | €19.8m | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Affiliated companies280/1 | - | - | - | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Participating interests280 | - | - | - | €19.4m | €20.8m | €20.8m | €21.8m | €21.8m | = |
| Other financial fixed assets284/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.001m | €0.001m | ▲ 25.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.001m | €0.001m | ▲ 25.0% |
| Current assets29/58 | €3.2m | €3.4m | €2.4m | €2.3m | €2.8m | €4.4m | €4.3m | €3.8m | ▼ 10.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €1.4m | €2.2m | €1.3m | €0.8m | €1.5m | €2.9m | €2.4m | €2.1m | ▼ 12.5% |
| Trade receivables40 | - | - | - | €0.7m | €0.9m | €1.9m | €1.3m | €0.9m | ▼ 26.5% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.6m | €0.9m | €1.1m | €1.2m | ▲ 3.2% |
| Current investments50/53 | €0.6m | €0.8m | €0.9m | €1.1m | €1.1m | €1.0m | €0.9m | €1.0m | ▲ 17.1% |
| Own shares50 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | - | - |
| Other investments51/53 | - | - | - | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €1.1m | €0.4m | €0.04m | €0.3m | €0.2m | €0.5m | €0.9m | €0.7m | ▼ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.05m | €0.06m | €0.08m | €0.05m | ▼ 35.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24.0m | €24.7m | €22.8m | €22.1m | €23.9m | €25.4m | €26.1m | €25.7m | ▼ 1.8% |
| Equity10/15 | €13.6m | €13.7m | €12.2m | €12.2m | €12.9m | €15.6m | €18.1m | €20.4m | ▲ 12.4% |
| Contributions10/11 | €8.4m | €8.7m | €8.7m | €9.3m | €9.3m | €9.3m | €9.3m | €9.3m | = |
| Capital10 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Issued capital100 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Contributions outside capital11 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Share premium1100/10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.4m | €1.4m | €1.6m | €1.7m | €1.1m | ▼ 35.1% |
| Non-distributable reserves130/1 | - | - | - | €1.4m | €1.4m | €1.5m | €1.5m | €0.9m | ▼ 40.8% |
| Legal reserve130 | - | - | - | €0.3m | €0.4m | €0.5m | €0.6m | €0.9m | ▲ 40.9% |
| Own shares acquired1312 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | - | - |
| Distributable reserves133 | - | - | - | - | €0.04m | €0.08m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €3.6m | €3.1m | €1.6m | €1.5m | €2.2m | €4.7m | €7.1m | €10.0m | ▲ 40.2% |
| Provisions and deferred taxes16 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Other liabilities and charges164/5 | - | - | - | €0.2m | - | - | €0.06m | €0.1m | ▲ 164% |
| Amounts payable17/49 | €10.4m | €11.0m | €10.6m | €9.8m | €11.0m | €9.8m | €8.0m | €5.2m | ▼ 35.3% |
| Amounts payable after more than one year17 | €2.3m | €1.4m | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Financial debts170/4 | - | - | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Credit institutions173 | - | - | - | - | €0.6m | €0.4m | €0.2m | €0.03m | ▼ 86.2% |
| Amounts payable within one year42/48 | €8.1m | €9.5m | €10.6m | €9.8m | €10.3m | €9.2m | €7.6m | €5.0m | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.5m | €0.5m | €0.9m | €0.7m | €1.0m | €0.8m | €0.4m | €0.6m | ▲ 42.0% |
| Suppliers440/4 | - | - | - | €0.7m | €1.0m | €0.8m | €0.4m | €0.6m | ▲ 42.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.5m | €0.2m | €0.1m | ▼ 41.6% |
| Taxes450/3 | - | - | - | €0.05m | €0.07m | €0.4m | €0.2m | €0.1m | ▼ 33.4% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.03m | €0.03m | - | - |
| Other amounts payable47/48 | - | - | - | €9.0m | €9.1m | €7.8m | €6.7m | €4.1m | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.02m | €0.2m | €0.2m | €0.1m | ▼ 34.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €0.5m | -€1.6m | -€0.007m | €0.7m | €2.6m | €2.6m | €7.2m | ▲ 179% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 64.4% |
| Operating cash flow (approximation) | €2.4m | €0.7m | -€1.4m | €0.2m | €0.9m | €2.7m | €2.6m | €7.2m | ▲ 174% |
| Investment in fixed assets (approximation) | - | -€0.7m | €0.7m | €0.4m | -€1.5m | €0.08m | -€1.0m | €0.001m | - |
| Change in cash | - | -€0.7m | -€0.3m | €0.2m | -€0.1m | €0.3m | €0.4m | -€0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 50 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00140414 |
| 31-12-2025 | consolidated | 03-06-2026 | 2026-00140872 |
| 31-12-2024 | full format | 11-06-2025 | 2025-00151161 |
| 31-12-2024 | consolidated | 11-06-2025 | 2025-00151233 |
| 31-12-2023 | consolidated | 12-06-2024 | 2024-00134908 |
| 31-12-2023 | full format | 05-06-2024 | 2024-00116367 |
| 31-12-2022 | full format | 23-06-2023 | 2023-00165570 |
| 31-12-2022 | consolidated | 23-06-2023 | 2023-00163436 |
| 31-12-2021 | consolidated | 24-06-2022 | 2022-20141394 |
| 31-12-2021 | full format | 22-06-2022 | 2022-20086943 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €5,910 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 6
Permanent representatives 6
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Aragamor Nexus Services |
|
| DEBRAKO |
|
| GESKI |
|
| MIEDEC |
|
| POWERGRAPH |
|
| PRIMUS CONSULTING & MANAGEMENT |
|
| Forvis Mazars Réviseurs d’Entreprises |
|
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Stijn Vanschoubroek | 02-10-2003 → present |
| Trustee | Vanschoubroek Stijn, avenue Marcel Thiry 204, 1200 Bruxelles-20 |
02-10-2003 → present |
Owners and capital
Owners
3 ownersChain of control
- POWERGRAPH
- Monni
Highest known parent: POWERGRAPH. The sources do not say who stands above it.
Owners 3
-
62.67%
-
10.05%
-
10.02%
According to the 2025 annual accounts of Monni and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
6 holdingsHoldings 6
-
100%
-
100%
- Monni SolutionssubsidiaryEquity €6.1mResult €372,904100%
- PAYMENT SOLUTIONSsubsidiaryEquity €527,326Result -€351,878100%
- KEYWARE TRANSACTION & PROCESSINGsubsidiarySourceLEI registerconsolidated
- Keyware Transactions & Processing GmbH , in vereffeningDESourceown accounts 2025Equity -€843,938Result -€26,87450%
According to the 2025 annual accounts of Monni and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
10 connected companiesShow 6 more companies with a shared director
History
Acts, filings and financial milestones
07-07
Gazette deed
Reappointments: Powergraph BV, Primus Consulting & Management BV and 4 othersPermanent representatives: Guido Van der Schueren, Pieter Geeraerts and 4 others · Appointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)16 facts ▸
- General meeting, 22-05-2026
- Other provision, “einde mandaten alle bestuurders, einde huidige Algemene Vergadering” (deed in Dutch)
- Director reappointment, Powergraph BV (director)
- Permanent representative, Guido Van der Schueren
- Director reappointment, Primus Consulting & Management BV (director)
- Permanent representative, Pieter Geeraerts
- Director reappointment, Aragamor Nexus Services BV (director)
- Permanent representative, Anouk Arendt
- Director reappointment, Debrako BV (director)
- Permanent representative, Koen De Brabander
- Other provision, “onafhankelijkheid bestuurder en vaste vertegenwoordiger, geen enkele indicatie van enig element dat onafhankelijkheid in twijfel zou kunnen trekken” (deed in Dutch) (3 times)
- Director reappointment, Miedec BV (director)
- +4 further facts in this act
04-06
Gazette deed
Permanent representative: Pieter GEERAERTSShare cancellation · Amendment of the articles · Share issue13 facts ▸
- General meeting, 28-04-2026
- General meeting, 30-06-2026, “schrapping toelating verhandeling gereglementeerde markt Euronext Brussels en gelijktijdige toelating verhandeling Euronext Growth Brussels” (deed in Dutch)
- General meeting, “volmachten”, 14219962 (deed in Dutch)
- Other provision, “bestuurder, vaststelling en authenticatie” (deed in Dutch)
- Permanent representative, Pieter GEERAERTS
- Share cancellation, “1-voor-10, voltooiing aandelenhergroepering” (deed in Dutch)
- Amendment of the articles, 5
- Amendment of the articles, 12, “A” (deed in Dutch) (2 times)
- Other provision, 22-05-2026
- Amendment of the articles, 14.1
- Other provision, “verzoek tot opstellen, ondertekenen en neerleggen nieuwe gecoördineerde tekst statuten, PRIMUS CONSULTING & MANAGEMENT” (deed in Dutch)
- Share issue, “1-voor-10, alle uitstaande aandelen” (deed in Dutch)
- +1 further fact in this act
07-05
Gazette deed
Capital & shares · Amendment of the articles · NameName change · Power of attorney · Authorised capital9 facts ▸
- General meeting, 28-04-2026
- Name change, Monni
- Other provision, “op de beurs, alle uitstaande aandelen” (deed in Dutch)
- Power of attorney (5 times)
- Other provision, “schrapping gereglementeerde markt en toelating Euronext Growth Brussels”, 30-06-2026 (deed in Dutch)
- Amendment of the articles, 14
- Amendment of the articles, 12
- Other provision, “kennisname bijzonder verslag raad van bestuur, artikel 7:199 WVV” (deed in Dutch)
- Authorised capital, “hernieuwing, 6bis” (deed in Dutch)
Show earlier events
About the unread acts
Of the 65 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 62 have not been read yet: what they contain is neither established nor disproved here.
Register details
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 13 October 2026 · Peppol Directory
General meetings
18 meeting noticesAgenda
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Show 13 more notices
Agenda
Agenda
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Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23772B0113/00E002 | Flanders | 2,604 m² | 1 · 865 m² | 9.5 m · 3 |
How the parcels are linked
Articles of association
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- 3 provisions in the deed
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Amendment of the articles: “14” (deed in Dutch)Amendment of the articles: “12” (deed in Dutch)Amendment of the articles: “5” (deed in Dutch)1 more provision in the deed, see the deed of 04-06-2026
Read from the deeds: 8 provisions, deed of 04-06-2026