Monath
ActiveMonath has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-346k) and a net result of €-107k. Equity is shrinking by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 4502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency43▼-24
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 9.98 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.9%
Return on assets
-2.7%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€346k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
54 d late
2023
41 d late
2022
25 d early
2021
186 d late
2020
255 d late
2019
96 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-107k
2024 · €243k
2018: €-192k
2019: €36k
2020: €-177k
2021: €166k
2022: €-359k
2023: €-376k
2024: €243k
2018 → 2025
Working capital
€-344k
2024 · €3.27M
2018: €228k
2019: €264k
2020: €87k
2021: €259k
2022: €12k
2023: €3.30M
2024: €3.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€253k-€-107k€-483k▼ 352%€-239k▲ 50.4%€-346k▼ 44.6%
Operating result€243k-€-237k€-213k▲ 10.1%€356k€-56k
Net result€166k-€-359k€-376k▼ 4.6%€243k€-107k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €56k after €356k in 2024.
Key figures and ratios
Solvency
-8.9%▼
2024 · -6.6%
Current ratio
0.92▼
2024 · 9.98
Quick ratio
0.90▼
2024 · 9.84
Debt / equity
-12.25▲
2024 · -16.19
ROE
30.8%▲
2024 · -101.7%
ROA
-2.7%▼
2024 · 6.7%
Debt
€4.24M▲
2024 · €3.87M
Debt ≤ 1 year
€4.24M▲
2024 · €364k
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€3.64M€3.89M▲
Current assets29/58€3.64M€3.89M▲
Stocks and contracts in progress3€54k€67k▲
Stocks30/36€54k€41k▼
Contracts in progress37-€27k
Amounts receivable within one year40/41€3.46M€2.10M▼
Trade receivables40€3.46M€2.04M▼
Other amounts receivable41€3k€62k▲
Cash at bank and in hand54/58€122k€1.67M▲
Deferred charges and accrued income490/1-€57k
Equity and liabilities
Total equity and liabilities10/49€3.64M€3.89M▲
Equity10/15€-239k€-346k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€63k€63k=
Uncalled capital101€2k€2k=
Reserves13€203k€203k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€195k€195k=
Profit (loss) carried forward14€-504k€-610k▼
Amounts payable17/49€3.87M€4.24M▲
Amounts payable after more than one year17€3.47M-
Financial debts170/4€3.47M-
Amounts payable within one year42/48€364k€4.24M▲
Trade debts44€364k€439k▲
Suppliers440/4€364k€439k▲
Other amounts payable47/48-€3.80M
Accrued charges and deferred income492/3€42k€2k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€357k€-55k▼
Operating profit (loss)9901€356k€-56k▼
Financial income75/76B-€57k
Recurring financial income75-€57k
Financial charges65/66B€113k€108k▼
Recurring financial charges65€113k€108k▼
Profit (loss) for the period before taxes9903€243k€-107k▼
Profit (loss) for the period9904€243k€-107k▼
Profit (loss) for the period to be appropriated9905€243k€-107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-504k€-610k▼
Profit (loss) brought forward from the previous period14P€-747k€-504k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
31-12
Financial
Back to profitnet €243k
Net result €243k after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 41 days late
2023
31-12
Financial
Weakest financial yearnet €-376k
Net result drops to €-376k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 118current ratio 118.51
Current ratio from 1.00 to 118.51; short-term debt falls from €4.09M to €28k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 186 days late
2022
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 255 days late
2021
31-12
Financial
Back to profitnet €166k
Net result €166k after one loss-making year.
31-12
Financial
Equity above €200kEq €253k ▲191%
Equity rises from €87k to €253k.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
2019
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 48 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Westerlo · 1 establishment unit since 2015
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.
Nijverheidsstraat 132260 WesterloGround area
2.4 ha
Building footprint
1,680 m²
Volume, LiDAR
37,410 m³
Parcel 13028B0138/00V000, Flanders · tallest building 30.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Monath
since 20152.249.710.805
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028B0138/00V000 | Flanders | 2.4 ha | 1 · 1,680 m² | 30.0 m · 8 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.
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ZAKENKANTOOR VAN GHELUWE
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UGLY
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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 5,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-10-2015
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68121Development of residential building projects
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.