MONASHEE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MONASHEE is 2.3% (moderate). The 2025 annual accounts show equity of €698k and a net result of €-506k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 468 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Multiple establishment units +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

3 signals

Established

Founded in 2011, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Financials

Turnover€15.19M+5.0%

EBIT margin-3.1%-3.0pp

Net result€-506k-1.9%

Working capital€247k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2025 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~42% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	29.6%	21.1%	better than 62% of 468 sector peers
Net result	€-506k	€32k	better than 5% of 466 sector peers
Equity	€698k	€162k	better than 85% of 468 sector peers
Gross operating margin	€2.00M	€282k	better than 91% of 468 sector peers
Staff costs	€2.24M	€223k	higher than 94% of 377 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€15.19M

+5.0% 18-25

EBITDA

€-261k

-5.4% 18-25

Net profit

€-506k

-1.9% 18-25

Cash flow

€-294k

-9.6% 18-25

Total assets

€2.36M

-22.0% 18-25

Equity

€698k

- 18-25

Working capital

€247k

- 18-25

Employees (FTE)

36

-14.6% 18-25

Staff costs

€2.24M

+35.3% 18-25

Income taxes

€6k

+172.8% 18-25

Debt

€1.66M

-56.5% 18-25

Debt ≤ 1y

€1.64M

-56.4% 18-25

Debt > 1y

€23k

0.0% 18-25

Current ratio

1.15

+85.9% 18-25

Quick ratio

0.06

+96.9% 18-25

Solvency

29.6%

- 18-25

Debt / equity

2.38

- 18-25

ROE

-72.5%

- 18-25

ROA

-21.5%

-30.6% 18-25

Net margin

-3.3%

-1295.7% 18-25

EBITDA margin

-1.6%

- 18-25

Interest coverage

-9.63

+76.9% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€-261k
Net profit	€-506k
Cash flow	€-294k
Staff costs	€2.24M
Income taxes	€6k
Dividends	-
Total assets	€2.36M
Equity	€698k
Debt	€1.66M
of which ≤ 1y	€1.64M
of which > 1y	-
Working capital	€247k
Employees (FTE)	36.4

Ratios (computed)

	2025
Current ratio	1.15
Quick ratio	0.06
Working capital ratio	10.5%
Solvency	29.6%
Debt / equity	2.38
Long-term debt ratio	-
Interest coverage	-9.63
Gross margin	-
Net margin	-
ROA	-21.5%
ROE	-72.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €473k · 20.1% Current assets €1.89M · 79.9%

Equity & liabilities

Equity €698k · 29.6% Debt €1.66M · 70.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.36M
Fixed assets	21/28	€473k
Tangible fixed assets	22/27	€473k
Financial fixed assets	28	€620
Current assets	29/58	€1.89M
Stocks & contracts in progress	3	€1.78M
Cash & bank	54/58	€103k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.36M
Equity	10/15	€698k
Contributions / capital	10/11	€2.01M
Reserves	13	€2k
Accumulated profits (losses)	14	€-1.31M
Amounts payable	17/49	€1.66M
Amounts payable within one year	42/48	€1.64M
Trade debts payable within one year	44	€112k
Income statement
Gross operating margin	9900	€2.00M
Operating result	9901	€-473k
Financial income	75	€93
Financial charges	65	€27k
Result before taxes	9903	€-500k
Income taxes	67/77	€6k
Net result for the period	9904	€-506k
Result to be appropriated	9905	€-506k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

30 / 100 Weak

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

11 directors

Current directors & mandates

Jo WILLEMYNS
Director
State Gazette act 24029732 (19-02-2024)

Current
01-08-2023 → present
PECUNIA NON OLETLegal entity
Managing director· perm. rep.: Matthias HINDRIKS
State Gazette act 24029732 (19-02-2024)

Current
01-08-2023 → present
Stefan GOETHAERT
Director
State Gazette act 24029732 (19-02-2024)

Current
01-08-2023 → present
Jef COLRUYT
Director
State Gazette act 21008714 (21-01-2021)

Current
02-12-2020 → present
Kris CASTELEIN
Director
State Gazette act 21008714 (21-01-2021)

Current
02-12-2020 → present
Stefaan Vandamme
Director
State Gazette act 21008714 (21-01-2021)

Current
02-12-2020 → present

Former directors (5)

CREAGENLegal entity
Managing director· perm. rep.: Luc van Mol
State Gazette act 21008714 (21-01-2021)

Former
02-12-2020 → 01-08-2023
2 events
- 01-08-2023 Resigned· Managing director
- 02-12-2020 Appointed· Managing director
Jozef COLRUYT
Director
State Gazette act 24029732 (19-02-2024)

Former
- → 01-08-2023
Isabelle SAMSON
Manager
State Gazette act 17177692 (19-12-2017)

Former
01-12-2017 → 02-12-2020
2 events
- 02-12-2020 Resigned· Director
- 01-12-2017 Appointed· Manager
Luc van Mol
Manager
State Gazette act 17177692 (19-12-2017)

Former
01-12-2017 → 02-12-2020
2 events
- 02-12-2020 Resigned· Director
- 01-12-2017 Appointed· Manager
Thomas VERMEYLEN
Manager
State Gazette act 17177692 (19-12-2017)

Former
01-12-2017 → 02-12-2020
2 events
- 02-12-2020 Resigned· Director
- 01-12-2017 Appointed· Manager

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

3 auditors

Statutory auditor	IRE/IBR number	Tenure
Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Filip Simpelaere	-	31-12-2021 → present
Ernst & Young Bedrijfsrevisoren BV CVBA Statutory auditor · represented by Leen Defoer succeeded by Ernst et Young Reviseurs d'Entreprises in 2021	-	08-07-2016 → 31-12-2021
Ernst & Young, Lippens & Rabaey Audit BV CVBA Statutory auditor · represented by Leer Defoer succeeded by Ernst & Young Bedrijfsrevisoren BV CVBA in 2016	-	09-09-2013 → 08-07-2016

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

indexing

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)(47716)
Legal form	Private limited company(610)
Incorporation	20-05-2011
Status	Active
Postal code	1785

Structure & network

Connections & network

52 connected companies

Group structureShared directors

Group structure

CREAGEN

Parent · 6 subsidiaries · 1 location

Control→

Ernst et Young Reviseurs d'Entreprises

Parent · 926 subsidiaries · 5 locations

Control→

PECUNIA NON OLET

Parent · 6 subsidiaries · 1 location

Control→

Linked via shared directors

AGRIPARTNERS