MONABO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MONABO CONSTRUCT is 3.5% (moderate). The 2024 annual accounts show equity of €79k and a net result of €49k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 1290 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+29
Solvency85▲+23
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 1.39 in 2023; short-term debt: 39.9% and cash: 61.9% of total assets), and 39.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
37 d early
2022
45 d early
2021
40 d early
2020
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▲ 2,767%
2023 · €2k
2020: €19k
2021: €2k
2022: €2k
2023: €2k
2020 → 2024
Working capital
€67k▲ 233%
2023 · €20k
2020: €-1k
2021: €6k
2022: €14k
2023: €20k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€28k▲ 6.7%€29k▲ 5.8%€31k▲ 5.8%€79k▲ 158%
Operating result€25k-€4k▼ 85.9%€2k▼ 43.2%€2k▲ 14.1%€62k▲ 2,574%
Net result€19k-€2k▼ 91.1%€2k▼ 7.6%€2k▲ 6.4%€49k▲ 2,767%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2,574% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132k
Fixed assets
€13k ▲ 8.6%
Current assets
€119k ▲ 68.8%
Equity and liabilities €132k
Equity
€79k ▲ 158%
Debt
€53k ▲ 2.0%
Debt's share of the balance-sheet total falls from 62.7% to 39.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▲
2023 · €9k
Cash flow
€58k▲
2023 · €9k
Current ratio
2.26▲
2023 · 1.39
Debt to equity
0.66▼
2023 · 1.68
ROE
61.2%▲
2023 · 5.5%
ROA
36.8%▲
2023 · 2.1%
Interest coverage
395.48▲
2023 · 78.13
Debt ≤ 1 year
€53k▲
2023 · €51k
Income taxes
€14k▲
2023 · €515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€83k€132k▲
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27€12k€13k▲
Plant, machinery and equipment23€2k€917▼
Furniture and vehicles24€10k€12k▲
Financial fixed assets28€30€30=
Current assets29/58€71k€119k▲
Amounts receivable within one year40/41€40k€35k▼
Trade receivables40€40k€31k▼
Other amounts receivable41€417€4k▲
Cash at bank and in hand54/58€30k€82k▲
Deferred charges and accrued income490/1€542€3k▲
Equity and liabilities
Total equity and liabilities10/49€83k€132k▲
Equity10/15€31k€79k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€24k€73k▲
Amounts payable17/49€52k€53k▲
Amounts payable within one year42/48€51k€53k▲
Trade debts44€7k€7k▲
Suppliers440/4€7k€7k▲
Advances received on contracts in progress46€11k€13k▲
Taxes, remuneration and social security45€5k€14k▲
Taxes450/3€5k€14k▲
Other amounts payable47/48€28k€18k▼
Accrued charges and deferred income492/3€970-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€650€2k▲
Gross operating margin9900€10k€74k▲
Operating profit (loss)9901€2k€62k▲
Financial charges65/66B€119€181▲
Recurring financial charges65€119€181▲
Profit (loss) for the period before taxes9903€2k€62k▲
Income taxes67/77€515€14k▲
Profit (loss) for the period9904€2k€49k▲
Profit (loss) for the period to be appropriated9905€2k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€73k▲
Profit (loss) brought forward from the previous period14P€23k€24k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €49k ▲2,767%
Operating result €62k, net result €49k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €2k ▼7.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 100 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2019
Ground area
262 m²
Building footprint
76 m²
Volume, LiDAR
807 m³
Parcel 21816G0100/00S005, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MONABO CONSTRUCT
since 20192.301.383.594
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0100/00S005 | Brussels | 262 m² | 1 · 76 m² | 14.0 m · 4 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.
Similar companies · same sector, comparable size
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ZEN HABITAT
BE 1008.664.297
Braine-le-Comte · Eq €79,427
AANNEMINGEN FOQUE KEVIN
BE 0466.412.424
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ME-TA
BE 0734.749.462
Waremme · Eq €79,382
Of 29,779 companies in sector 41001 we hold annual accounts for 16,036. 13,200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.