Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
The 2024 accounts came latest: 27 days after the end of the period.
Lower solvency than 89% of companies in retail trade. Sector median 33.1% · 22,939 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 6% of them on solvency, 52% on liquidity, 6% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 7,639 companies had the same profile as Monastery has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Monastery itself is lower: 1.6% within 12 months. It rests on far more data about Monastery than the profile alone.
The method was tested on the 497,448 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 7,639 companies, not a prediction for Monastery. 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.
Liquidity is insufficient, with a current ratio of 0.39, below 1. Short-term debt is 168.9% and cash 47.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 16 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Monastery Edegem | €10,618 | -€2,918 | -68.9% | - |
| Pooches Bredene | €10,496 | -€6,945 | -93.4% | - |
| DANIEL CREGUT Belgique Tournai | €9,331 | €584 | 8.6% | - |
| MC DREAM Anderlecht | €13,168 | -€60,333 | -963.0% | - |
| Luxury Quarry Zottegem | €13,792 | €746 | -51.7% | - |
| 83 Ninove | €10,664 | €1,337 | -159.8% | - |
| Security Tool Wetteren | €9,465 | -€2,515 | 42.1% | - |
These companies have the same main activity as Monastery: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €9,330 and €13,800, founded between 2021 and 2022.
Monastery files the micro format. That format states no turnover. The gross margin rose from -€5,552 in 2022 to -€2,918 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 10% of 22,939 companies in 2025.
Higher than 10% of 22,068 companies in 2025.
Higher than 8% of 22,218 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
10,618 | 1,379 | 1,378 | 1,094 | |
21/28 |
3,660 | - | - | - | |
21 |
3,660 | - | - | - | |
29/58 |
6,957 | 1,379 | 1,378 | 1,094 | |
3 |
681 | 672 | 671 | 671 | |
30/36 |
681 | 672 | 671 | 671 | |
40/41 |
1,274 | 707 | 707 | 413 | |
40 |
349 | - | - | - | |
41 |
926 | 707 | 707 | 413 | |
54/58 |
5,002 | - | - | 10 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
10,618 | 1,379 | 1,378 | 1,094 | |
10/15 |
-7,310 | -3,888 | -3,220 | -1,185 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-12,310 | -8,888 | -8,220 | -6,185 | |
17/49 |
17,928 | 5,267 | 4,598 | 2,279 | |
42/48 |
17,928 | 5,267 | 4,598 | 2,279 | |
43 |
26 | 125 | - | - | |
430/8 |
26 | 125 | - | - | |
44 |
349 | - | - | - | |
440/4 |
349 | - | - | - | |
47/48 |
17,553 | 5,142 | 4,598 | 2,279 | |
| Income statement | |||||
9900 |
-2,918 | 0 | -1,400 | -5,552 | |
640/8 |
400 | 387 | 557 | 593 | |
9901 |
-3,318 | -387 | -1,957 | -6,145 | |
65/66B |
104 | 281 | 78 | 40 | |
65 |
104 | 281 | 78 | 40 | |
9903 |
-3,422 | -668 | -2,035 | -6,185 | |
9904 |
-3,422 | -668 | -2,035 | -6,185 | |
9905 |
-3,422 | -668 | -2,035 | -6,185 | |
| Appropriation of the result | |||||
9906 |
-12,310 | -8,888 | -8,220 | -6,185 | |
14P |
-8,888 | -8,220 | -6,185 | - | |
| Document | |||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 3,660 | - | - | - | ||
| -10,971 | -3,888 | -3,220 | -1,185 | ||
| -68.9% | - | - | - | ||
| 0.39 | - | - | - | ||
| 0.35 | - | - | - | ||
| -32.2% | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Intangible fixed assets | €3,660 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €3,318, larger than the loss of €387 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€17,928) exceeds the balance-sheet total (€10,618).
Monastery has no parent and no holdings in its annual accounts. Monastery shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Monastery was incorporated on 24 November 2021 as a private limited company by two natural persons, with a starting capital of €5,000.12 The registered office was moved to Edegem in 2025.3 The board currently has 2 members, 2 of whom have served since 2021.4 Total assets rose from €1,094 in 2022 to €10,618 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Adriaan Willaertstraat 21 registered office 2650 Edegem | 24-11-2021 | 2.325.177.694 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11013A0004/00H002 | 177 m² | 1 · 73 m² | 10.9 m · 3 |
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