MONACO
ActiveMONACO has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €15k. Equity is shrinking by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 3663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+45
Solvency43▲+7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.2 in 2024; short-term debt: 69.9% and cash: 0.9% of total assets), and 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.6%
Return on assets
6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
67 d late
2023
7 d early
2022
19 d early
2021
151 d late
2020
94 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€43k▲ 52.5%
2024 · €28k
2018: €1.33M
2019: €707k
2020: €861k
2021: €337k
2022: €284k
2023: €269k
2024: €28k
2018 → 2025
Total assets
€247k▼ 8.6%
2024 · €270k
2018: €2.09M
2019: €1.13M
2020: €1.11M
2021: €1.16M
2022: €490k
2023: €430k
2024: €270k
2018 → 2025
Net result
€15k
2024 · €-30k
2018: €715k
2019: €-46k
2020: €154k
2021: €6k
2022: €-52k
2023: €-15k
2024: €-30k
2018 → 2025
Working capital
€-154k▲ 0.1%
2024 · €-154k
2018: €1.01M
2019: €322k
2020: €516k
2021: €42k
2022: €-37k
2023: €-40k
2024: €-154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€337k-€284k▼ 15.6%€269k▼ 5.3%€28k▼ 89.4%€43k▲ 52.5%
Operating result€7k-€-49k€-10k▲ 79.1%€-55k▼ 432%€25k
Net result€6k-€-52k€-15k▲ 71.2%€-30k▼ 98.0%€15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €55k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€228k▼ 1.7%
Current assets
€19k▼ 50.6%
Equity and liabilities €247k
Equity
€43k▲ 52.5%
Debt
€203k▼ 15.8%
The debt ratio falls from 89.5% to 82.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €-52k
Cash flow
€19k▲
2024 · €-27k
Solvency
17.6%▲
2024 · 10.5%
Current ratio
0.11▼
2024 · 0.20
Quick ratio
0.11▼
2024 · 0.20
Debt / equity
4.70▼
2024 · 8.50
ROE
34.4%▲
2024 · -105.2%
ROA
6.0%▲
2024 · -11.1%
Interest coverage
2.79▲
2024 · -6.16
Debt
€203k▼
2024 · €242k
Debt ≤ 1 year
€173k▼
2024 · €192k
Debt > 1 year
€30k▼
2024 · €48k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€270k€247k▼
Fixed assets21/28€232k€228k▼
Tangible fixed assets22/27€232k€228k▼
Land and buildings22€232k€228k▼
Current assets29/58€38k€19k▼
Amounts receivable within one year40/41€19k€5k▼
Trade receivables40€19k€5k▼
Other amounts receivable41€72-
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€10k€12k▲
Equity and liabilities
Total equity and liabilities10/49€270k€247k▼
Equity10/15€28k€43k▲
Contributions10/11€58k€58k=
Profit (loss) carried forward14€-30k€-15k▲
Amounts payable17/49€242k€203k▼
Amounts payable after more than one year17€48k€30k▼
Financial debts170/4€48k€30k▼
Amounts payable within one year42/48€192k€173k▼
Current portion of amounts payable after more than one year42€27k€16k▼
Trade debts44€15k€5k▼
Suppliers440/4€15k€5k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€148k€148k▼
Accrued charges and deferred income492/3€1k€787▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€9k€3k▼
Gross operating margin9900€-44k€33k▲
Operating profit (loss)9901€-55k€25k▲
Financial income75/76B€25€20▼
Recurring financial income75€25€20▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€-63k€15k▲
Transfer from deferred taxes780€34k-
Income taxes67/77€225-
Profit (loss) for the period9904€-30k€15k▲
Profit (loss) for the period to be appropriated9905€-30k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-15k▲
Profit (loss) brought forward from the previous period14P-€-30k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-52k ▼1001%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 151 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 94 days late
2020
31-12
Financial
Back to profitnet €154k
Net result €154k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 76 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 1982
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.
Ganzendries 2349000 GentGround area
188 m²
Building footprint
188 m²
Volume, LiDAR
2,320 m³
Parcel 44809I0658/00P002, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MONACO
since 19822.020.421.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0658/00P002 | Flanders | 188 m² | 1 · 188 m² | 14.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.020.421.116
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,097 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1982
Fiscal year end31-12
Trade name NL
BV
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.