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Monalex

Active
Private limited companyfounded 20223 yrs activeBellegemkerkdreef(Bel) 24, 8510 Kortrijk, BelgiumKBO/BCE: BE 0794.862.342
Summary

Monalex has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,775 and a net result of €25,916. Equity is growing by ~76.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.79 against 2.05 in 2024; short-term debt: 24% and cash: 39.8% of total assets), and 24% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76%
Return on assets
34.7%
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 30-05-2026, 62 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
62 d early
2024
30 d early
2023
48 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Monalex was incorporated on 15 December 2022 as a Private limited company.1 Total assets rose from EUR 39,126 in 2023 to EUR 74,689 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€56,775▲ 84.0%
2024 · €30,860
Total assets
€74,689▲ 30.9%
2024 · €57,055
Net result
€25,916▲ 12.7%
2024 · €23,005
Working capital
€50,063▲ 81.9%
2024 · €27,526
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€12,655-€30,977▲ 145%€35,024▲ 13.1%
Net result€8,187below the sector's middle half-€23,005within the sector's middle half▲ 181%€25,916within the sector's middle half▲ 12.7%
Equity€9,521below the sector's middle half-€30,860below the sector's middle half▲ 224%€56,775within the sector's middle half▲ 84.0%
Total assets€39,126below the sector's middle half-€57,055below the sector's middle half▲ 45.8%€74,689below the sector's middle half▲ 30.9%
Debt€29,606-€26,196▼ 11.5%€17,913▼ 31.6%
Working capital-€13,934below the sector's middle half-€27,526within the sector's middle half€50,063within the sector's middle half▲ 81.9%
Solvency24.3%below the sector's middle half-54.1%within the sector's middle half▲ 29.8pp76.0%within the sector's middle half▲ 21.9pp
Current ratio0.53below the sector's middle half-2.05within the sector's middle half▲ 1.523.79within the sector's middle half▲ 1.74
Return on assets (ROA)20.9%within the sector's middle half-40.3%above the sector's middle half▲ 19.4pp34.7%within the sector's middle half▼ 5.6pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2023: €12,655€12,655Net result 2023: €8,187€8,187Operating result 2024: €30,977€30,977Net result 2024: €23,005€23,005Operating result 2025: €35,024€35,024Net result 2025: €25,916€25,916202320242025€0€10,000€20,000€30,000€40,000Operating result 2023: €12,655€12,700Net result 2023: €8,187€8,190Operating result 2024: €30,977€31,000Net result 2024: €23,005€23,000Operating result 2025: €35,024€35,000Net result 2025: €25,916€25,900202320242025
The operating result has risen two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,689
Fixed assets €6,713 ▲ 101%
Current assets €67,976 ▲ 26.5%
Equity and liabilities €74,689
Equity €56,775 ▲ 84.0%
Debt €17,913 ▼ 31.6%
Debt's share of the balance-sheet total falls from 45.9% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€36,513▲
2024 · €32,109
Cash flow
€27,404▲
2024 · €24,137
Debt to equity
0.32▼
2024 · 0.85
ROE
45.6%▼
2024 · 74.5%
Interest coverage
34.06▼
2024 · 34.54
Debt ≤ 1 year
€17,913▼
2024 · €26,196
Income taxes
€8,037▲
2024 · €7,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€57,055€74,689▲
Fixed assets21/28€3,334€6,713▲
Intangible fixed assets21€1€0▼
Tangible fixed assets22/27€3,333€6,712▲
Furniture and vehicles24€3,333€6,712▲
Current assets29/58€53,722€67,976▲
Amounts receivable within one year40/41€10,551€12,444▲
Trade receivables40€10,551€12,382▲
Other amounts receivable41-€61
Current investments50/53-€10,000
Cash at bank and in hand54/58€22,861€29,694▲
Deferred charges and accrued income490/1€20,310€15,839▼
Equity and liabilities
Total equity and liabilities10/49€57,055€74,689▲
Equity10/15€30,860€56,775▲
Contributions10/11€3,000€3,000=
Reserves13€27,000€53,000▲
Distributable reserves133€27,000€53,000▲
Profit (loss) carried forward14€860€775▼
Amounts payable17/49€26,196€17,913▼
Amounts payable within one year42/48€26,196€17,913▼
Trade debts44€1,567-
Suppliers440/4€1,567-
Taxes, remuneration and social security45€11,455€11,071▼
Taxes450/3€11,455€11,071▼
Other amounts payable47/48€13,174€6,843▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,132€1,489▲
Other operating charges640/8€2,031€1,359▼
Gross operating margin9900€34,139€37,872▲
Operating profit (loss)9901€30,977€35,024▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€930€1,072▲
Recurring financial charges65€930€1,072▲
Profit (loss) for the period before taxes9903€30,048€33,952▲
Income taxes67/77€7,042€8,037▲
Profit (loss) for the period9904€23,005€25,916▲
Profit (loss) for the period to be appropriated9905€23,005€25,916▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,526€26,775▲
Profit (loss) brought forward from the previous period14P€521€860▲
Transfer to equity691/2€21,000€26,000▲
To other reserves6921€21,000€26,000▲
Profit to be distributed694/7€1,666-
Return on contributions (dividend)694€1,666-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,087€1,132€1,489▲ 31.6%
Other operating charges640/8€1,668€2,031€1,359▼ 33.1%
Non-recurring operating charges66A€900---
Gross operating margin9900€27,310€34,139€37,872▲ 10.9%
Operating profit (loss)9901€12,655€30,977€35,024▲ 13.1%
Financial income75/76B--€0-
Recurring financial income75--€0-
Financial charges65/66B€127€930€1,072▲ 15.3%
Recurring financial charges65€127€930€1,072▲ 15.3%
Profit (loss) for the period before taxes9903€12,528€30,048€33,952▲ 13.0%
Income taxes67/77€4,342€7,042€8,037▲ 14.1%
Profit (loss) for the period9904€8,187€23,005€25,916▲ 12.7%
Profit (loss) for the period to be appropriated9905€8,187€23,005€25,916▲ 12.7%
Line202320242025Change
Assets
Total assets20/58€39,126€57,055€74,689▲ 30.9%
Fixed assets21/28€23,455€3,334€6,713▲ 101%
Intangible fixed assets21€1€1€0▼ 33.3%
Tangible fixed assets22/27€23,454€3,333€6,712▲ 101%
Furniture and vehicles24€23,454€3,333€6,712▲ 101%
Current assets29/58€15,672€53,722€67,976▲ 26.5%
Amounts receivable within one year40/41€7,320€10,551€12,444▲ 17.9%
Trade receivables40€7,320€10,551€12,382▲ 17.4%
Other amounts receivable41--€61-
Current investments50/53--€10,000-
Cash at bank and in hand54/58€8,351€22,861€29,694▲ 29.9%
Deferred charges and accrued income490/1-€20,310€15,839▼ 22.0%
Equity and liabilities
Total equity and liabilities10/49€39,126€57,055€74,689▲ 30.9%
Equity10/15€9,521€30,860€56,775▲ 84.0%
Contributions10/11€3,000€3,000€3,000=
Reserves13€6,000€27,000€53,000▲ 96.3%
Distributable reserves133€6,000€27,000€53,000▲ 96.3%
Profit (loss) carried forward14€521€860€775▼ 9.8%
Amounts payable17/49€29,606€26,196€17,913▼ 31.6%
Amounts payable within one year42/48€29,606€26,196€17,913▼ 31.6%
Trade debts44€511€1,567--
Suppliers440/4€511€1,567--
Taxes, remuneration and social security45€9,196€11,455€11,071▼ 3.4%
Taxes450/3€9,196€11,455€11,071▼ 3.4%
Other amounts payable47/48€19,898€13,174€6,843▼ 48.1%
Line202320242025Change
Profit (loss) for the period9904€8,187€23,005€25,916▲ 12.7%
+ Depreciation and write-downs630€12,087€1,132€1,489▲ 31.6%
Operating cash flow (approximation)€20,274€24,137€27,404▲ 13.5%
Investment in fixed assets (approximation)-€18,989-€4,868▼ 126%
Change in cash-€14,510€6,833▼ 52.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €25,916 ▲12.7%
Operating result €35,024, net result €25,916, both a record.
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity quadruplescurrent ratio 2.05
Current ratio from 0.53 to 2.05; short-term debt falls from €29,606 to €26,196.
13-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
230 m²
Building footprint
63 m²
Volume, LiDAR
448 m³
Parcel 34005C0595/00X000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Monalex
Bellegemkerkdreef(Bel) 24, 8510 KortrijkActivities of lawyers
since 20222.339.014.151
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34005C0595/00X000 Flanders 230 m² 1 · 63 m² 9.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 111 EUR awarded · 111 EUR paid
Year Entries awardedpaid
2025 1 45 EUR45 EUR
2023 1 66 EUR66 EUR
Schemes
2 entries · 111 EUR · 111 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,309 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794862342
Also 9925:BE0794862342
Registered 08-02-2024

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.