Equity
-€265,223
Debts exceed assets in financial year 2025.
MONAS TERRE
Lifetime
4 annual accounts with figures on one time axispeak €423,690 (2024)
-€17,833▼ €441,523
lowest -€537,881 (2023)
-€417,873▼ €580,793
peak €527,611 (2022)
-€265,223▼ €417,873
€19.9m▲ 92.2%
Board3 names since 2021
3 directorsCharlotte Lhoist and 2 others
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €423,690 to -€17,833Loss of €417,873Equity from €152,650 to -€265,223Debts from €10.4m to €19.9mInvestments €9.3mCash from €10,160 to €672,287
Key points
from the 2025 annual accountsResult
-€417,873 -€417,873
From profit to loss in 2025, after a profit of €162,920 in 2024.
Debts
€19.9m 101% of the balance sheet
Financial debts 20%Suppliers 0%Taxes and wages 0%Other 79%
Of this, €15.9m falls due within a year.
Investments
€9.3m 22.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 90.1% higher than in 2024.
Filings
4 annual accounts 3 late
The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
-€417,873
Lower net result than 95% of companies in real estate. Sector median €5,986 · 17,185 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 7% of medium-sized companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€265,223
Liquidity: current ratio 0.06, cash €672,287
lowers risk
Size: total assets €19.7m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 11% of them on solvency, 9% on liquidity, 8% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 473 companies had the same profile as MONAS TERRE has now. Each dot is one company, two years later.
95.3%
were still trading
2.7%
stopped another way
1.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MONAS TERRE itself is lower: 0.2% within 12 months. It rests on far more data about MONAS TERRE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 473 companies, not a prediction for MONAS TERRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.06 (0.11 in 2024), below 1. Short-term debt is 81% and cash 3.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€265,223
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
21 days late
2024
16 days early
2023
30 days late
2022
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 17 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- QUERTON Christophe Jean Léon Olivier Barthélémy 200 sharesdeed of 27-12-2021
- QUERTON Augustin Marie Michel Martin Francisco 200 sharesdeed of 27-12-2021
- QUERTON Thomas Roch Dominique Marie Clément 200 sharesdeed of 27-12-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779329078
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Provincie Vlaams-Brabant
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 2 more · Provincie Vlaams-Brabant
First establishment
Toeristenlaan 14, Woluwe-Saint-Pierre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MONAS TERRE Woluwe-Saint-Pierre | €19.7m | -€17,833 | -1.3% | - |
| IMMO TALIDA Waregem | €18.4m | -€40,449 | 8.5% | - |
| COSY Ghent | €26.6m | -€188,568 | 50.9% | 7.4 |
| SOUTH CRYSTAL PROPCO Woluwe-Saint-Pierre | €29.8m | -€15,065 | 12.1% | - |
| Hornes 4 Sint-Gillis (bij-Brussel) | €12.3m | -€21,552 | -3.7% | - |
| TOP INTERNATIONAL SERVICES Oostkamp | €11.6m | -€175,101 | 33.3% | 0.8 |
| MARC35 Liège | €14.2m | -€23,263 | 33.4% | 0 |
These companies have the same main activity as MONAS TERRE: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €12m and €30m, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 23-12-2021Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.330.073.1271150 Woluwe-Saint-Pierre, since 01-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Insights on MONAS TERRE
MONAS TERRE files the micro format. That format states no turnover. The gross margin rose from -€162,754 in 2022 to -€17,833 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MONAS TERRE
- What is the company number of MONAS TERRE?
- The company number of MONAS TERRE is 0779.329.078. The VAT number is the same number with BE in front: BE 0779.329.078.
- Where is MONAS TERRE based?
- The registered office is at Toeristenlaan 14, 1150 Woluwe-Saint-Pierre.Company details
- What does MONAS TERRE do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of MONAS TERRE?
- MONAS TERRE is a private limited company (BV).
- When was MONAS TERRE founded?
- MONAS TERRE was founded on 23-12-2021.
- Is MONAS TERRE still active?
- Yes, MONAS TERRE is an active enterprise in the KBO register.
- How many employees does MONAS TERRE have?
- MONAS TERRE had an average of 0.8 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of MONAS TERRE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is MONAS TERRE profitable?
- In financial year 2025, MONAS TERRE made a loss of €417,873.
- Where can I find the annual accounts of MONAS TERRE?
- MONAS TERRE filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MONAS TERRE due?
- MONAS TERRE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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