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MONAVIC

Active Risk: not assessed
Private limited companyfounded 2017active for 9 yearsDendermondse Steenweg(O) 61, 9290 Berlare, BelgiumKBO/BCE: BE 0676.790.576

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 23-01-2026 PDF all 8 filings

Equity
€146,500▼ 78.4%
2024 · €676,763
Net result
€291,874▲ 18.4%
2024 · €246,549
Total assets
€1.5m▲ 2.9%
2024 · €1.5m
Solvency
9.7%▼ 36.3pp
2024 · 45.9%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 8% higher than in 2024. It is a recovery after the fall in 2024.

Operating result€0.4m 2025 Net result€0.3m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.2m-€0.5m▲ 136%€0.5m▼ 13.8%€0.3m▼ 44.3%€0.5m▲ 75.5%€0.4m▼ 20.7%€0.4m▲ 7.7%
Net result€0.2m-€0.4mabove the sector's middle half▲ 139%€0.4mabove the sector's middle half▼ 8.2%€0.2mabove the sector's middle half▼ 43.3%€0.4mabove the sector's middle half▲ 73.5%€0.2mabove the sector's middle half▼ 32.8%€0.3mabove the sector's middle half▲ 18.4%
Equity€0.3m-€0.4mwithin the sector's middle half▲ 37.5%€0.7mwithin the sector's middle half▲ 70.8%€0.6mwithin the sector's middle half▼ 10.0%€0.7mwithin the sector's middle half▲ 11.1%€0.7mwithin the sector's middle half▲ 3.7%€0.1mbelow the sector's middle half▼ 78.4%
Total assets€1.4m-€1.3mwithin the sector's middle half▼ 4.5%€1.7mwithin the sector's middle half▲ 29.3%€1.4mwithin the sector's middle half▼ 17.3%€1.6mwithin the sector's middle half▲ 11.4%€1.5mwithin the sector's middle half▼ 6.8%€1.5mwithin the sector's middle half▲ 2.9%
Debt€1.1m-€0.9m▼ 15.0%€1.1m▲ 12.5%€0.8m▼ 21.8%€0.9m▲ 11.7%€0.8m▼ 14.2%€1.4m▲ 71.9%
Working capital-€0.02m-€0.07mwithin the sector's middle half€0.3mabove the sector's middle half▲ 379%€0.3mwithin the sector's middle half▼ 23.4%€0.3mwithin the sector's middle half▲ 21.7%€0.4mabove the sector's middle half▲ 34.1%-€0.05mwithin the sector's middle half
Solvency20.0%-28.8%within the sector's middle half▲ 8.8pp38.1%within the sector's middle half▲ 9.3pp41.4%within the sector's middle half▲ 3.3pp41.3%within the sector's middle half▼ 0.1pp45.9%within the sector's middle half▲ 4.7pp9.7%below the sector's middle half▼ 36.3pp
Current ratio0.98-1.12within the sector's middle half▲ 0.141.41within the sector's middle half▲ 0.291.38within the sector's middle half▼ 0.041.35within the sector's middle half▼ 0.021.53within the sector's middle half▲ 0.170.96within the sector's middle half▼ 0.56
Return on assets (ROA)12.3%-30.6%above the sector's middle half▲ 18.4pp21.7%above the sector's middle half▼ 8.9pp14.9%above the sector's middle half▼ 6.8pp23.2%above the sector's middle half▲ 8.3pp16.7%above the sector's middle half▼ 6.5pp19.2%above the sector's middle half▲ 2.5pp
Staff (FTE)7.4-8.4above the sector's middle half▲ 13.5%10.4above the sector's middle half▲ 23.8%11.6above the sector's middle half▲ 11.5%14.7above the sector's middle half▲ 26.7%17above the sector's middle half▲ 15.6%19above the sector's middle half▲ 11.8%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €249,010 ▼ 3.3%
Current assets €1.3m ▲ 4.2%
Equity and liabilities €1.5m
Equity €146,500 ▼ 78.4%
Debt €1.4m ▲ 71.9%
Debt's share of the balance-sheet total rises from 54.1% to 90.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
199.2%▲
2024 · 36.4%
Debt ≤ 1 year
€1.3m▲
2024 · €796,860
Debt > 1 year
€51,449▲
2024 · €0
Income taxes
€102,131▲
2024 · €86,669
Staff costs
€624,557▼
2024 · €631,658
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-202230-06-202330-06-202430-06-2025
Employees at the balance-sheet date10141317
full-time58711
part-time5666
in full-time equivalents8.912.310.814.8
Average over the year, in full-time equivalents11.614.71719
On a permanent contract10141317
Joined8152426
Left8112522

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-06-202230-06-202330-06-202430-06-2025
Debts secured on the company's own assets€250,295€146,723€43,151€56,790
Carrying value of the other pledged assets€384,755€291,718€189,389€142,726

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€44,076€30,872-€81,644
Depreciation and write-downs of the year€133,023€125,320€125,280€90,194

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2024 · 3 entries · €1,149 awarded · €1,149 paid
Year Entries AwardedPaid
2024 1 €176€176
2023 1 €176€176
2022 1 €797€797
Schemes
3 entries · €1,149 · €1,149 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as MONAVIC: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €813,000 and €1.7m, founded between 2015 and 2018.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
MONAVIC Berlare2017€1.5m€0.1m€1.1m-€0.3m192025
Eurofins Asbestos Sampling & Testing Belgium Nazareth-De Pinte2017€1.1m-€0.2m€1.1m--€0.4m22.22025
CHRONION Gent2018€1.3m€0.5m€1.3m-€0.02m12.62025
TROPOS MANAGEMENT Antwerpen2015€1.7m€0.5m€1.3m-€0.01m14.92025
Huntsmen Kontich2017€0.8m€0.06m€1.0m€1.7m€0.001m14.92025
Kunnig Antwerpen2015€0.8m€0.02m€1.8m--€0.3m21.92025
SALESWISE Herentals2016€1.3m€0.3m€2.2m-€0.6m24.92025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines

Source: Annual accounts 2025 (PDF), filed on 23-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.5m▲
Fixed assets21/28€0.3m€0.2m▼
Tangible fixed assets22/27€0.3m€0.2m▼
Plant, machinery and equipment23€0.05m€0.1m▲
Furniture and vehicles24€0.02m€0.007m▼
Other tangible fixed assets26€0.2m€0.1m▼
Financial fixed assets28€0.001m€0.001m=
Current assets29/58€1.2m€1.3m▲
Stocks and contracts in progress3€0.3m€0.4m▲
Stocks30/36€0.3m€0.4m▲
Amounts receivable within one year40/41€0.4m€0.7m▲
Trade receivables40€0.1m€0.09m▼
Other amounts receivable41€0.3m€0.6m▲
Cash at bank and in hand54/58€0.5m€0.2m▼
Deferred charges and accrued income490/1€0.01m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m▲
Equity10/15€0.7m€0.1m▼
Contributions10/11€0.04m€0.04m=
Reserves13€0.6m€0.1m▼
Distributable reserves133€0.6m€0.1m▼
Profit (loss) carried forward14€0€0=
Investment grants15€0.006m€0.004m▼
Amounts payable17/49€0.8m€1.4m▲
Amounts payable after more than one year17€0€0.05m▲
Financial debts170/4€0€0.05m▲
Amounts payable within one year42/48€0.8m€1.3m▲
Current portion of amounts payable after more than one year42€0.04m€0.005m▼
Trade debts44€0.5m€0.4m▼
Suppliers440/4€0.5m€0.4m▼
Advances received on contracts in progress46€0.001m€0.001m▲
Taxes, remuneration and social security45€0.08m€0.07m▼
Taxes450/3€0.002m€0.02m▲
Remuneration and social security454/9€0.08m€0.05m▼
Other amounts payable47/48€0.2m€0.8m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.6m€0.6m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.09m▼
Other operating charges640/8€0.002m€0.01m▲
Gross operating margin9900€1.1m€1.1m▼
Operating profit (loss)9901€0.4m€0.4m▲
Financial income75/76B€0.02m€0.07m▲
Recurring financial income75€0.02m€0.07m▲
Financial charges65/66B€0.05m€0.07m▲
Recurring financial charges65€0.05m€0.07m▲
Profit (loss) for the period before taxes9903€0.3m€0.4m▲
Income taxes67/77€0.09m€0.1m▲
Profit (loss) for the period9904€0.2m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Transfer from equity791/2-€0.5m
Transfer to equity691/2€0.03m€0▼
To other reserves6921€0.03m€0▼
Profit to be distributed694/7€0.2m€0.8m▲
Return on contributions (dividend)694€0.2m€0.8m▲
Directors or managers695€0-
Social balance sheet
Average headcount (FTE)908717.019.0▲

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A---€98€0---
Remuneration, social security and pensions62---€0.4m€0.5m€0.6m€0.6m▼ 1.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.09m▼ 28.0%
Other operating charges640/8---€0.002m€0.001m€0.002m€0.01m▲ 751%
Gross operating margin9900€0.6m€1.0m€1.0m€0.8m€1.1m€1.1m€1.1m▼ 0.2%
Operating profit (loss)9901€0.2m€0.5m€0.5m€0.3m€0.5m€0.4m€0.4m▲ 7.7%
Financial income75/76B---€0.002m€0.002m€0.02m€0.07m▲ 293%
Recurring financial income75€0.002m€0.002m€0.004m€0.002m€0.002m€0.02m€0.07m▲ 293%
Financial charges65/66B---€0.003m€0.003m€0.05m€0.07m▲ 41.1%
Recurring financial charges65€0.01m€0.006m€0.006m€0.003m€0.003m€0.05m€0.07m▲ 41.1%
Profit (loss) for the period before taxes9903€0.2m€0.5m€0.5m€0.3m€0.5m€0.3m€0.4m▲ 18.2%
Income taxes67/77€0.05m€0.1m€0.1m€0.05m€0.09m€0.09m€0.1m▲ 17.8%
Profit (loss) for the period9904€0.2m€0.4m€0.4m€0.2m€0.4m€0.2m€0.3m▲ 18.4%
Profit (loss) for the period to be appropriated9905€0.2m€0.4m€0.4m€0.2m€0.4m€0.2m€0.3m▲ 18.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.4m€1.3m€1.7m€1.4m€1.6m€1.5m€1.5m▲ 2.9%
Fixed assets21/28€0.8m€0.7m€0.6m€0.5m€0.4m€0.3m€0.2m▼ 3.3%
Tangible fixed assets22/27€0.8m€0.7m€0.6m€0.5m€0.4m€0.3m€0.2m▼ 3.3%
Plant, machinery and equipment23---€0.05m€0.06m€0.05m€0.1m▲ 96.0%
Furniture and vehicles24---€0.04m€0.03m€0.02m€0.007m▼ 57.5%
Other tangible fixed assets26---€0.4m€0.3m€0.2m€0.1m▼ 24.6%
Financial fixed assets28-€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m=
Current assets29/58€0.6m€0.7m€1.1m€0.9m€1.2m€1.2m€1.3m▲ 4.2%
Stocks and contracts in progress3€0.2m€0.3m€0.2m€0.3m€0.4m€0.3m€0.4m▲ 2.7%
Stocks30/36---€0.3m€0.4m€0.3m€0.4m▲ 2.7%
Amounts receivable within one year40/41€0.06m€0.04m€0.4m€0.3m€0.6m€0.4m€0.7m▲ 67.4%
Trade receivables40---€0.04m€0.05m€0.1m€0.09m▼ 12.0%
Other amounts receivable41---€0.2m€0.5m€0.3m€0.6m▲ 92.1%
Current investments50/53--€0.2m€0.2m€0---
Cash at bank and in hand54/58€0.3m€0.3m€0.3m€0.2m€0.2m€0.5m€0.2m▼ 52.6%
Deferred charges and accrued income490/1---€0.01m€0.02m€0.01m€0.01m▲ 35.5%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m€1.7m€1.4m€1.6m€1.5m€1.5m▲ 2.9%
Equity10/15€0.3m€0.4m€0.7m€0.6m€0.7m€0.7m€0.1m▼ 78.4%
Contributions10/11€0.04m--€0.04m€0.04m€0.04m€0.04m=
Reserves13€0.2m€0.3m€0.6m€0.5m€0.6m€0.6m€0.1m▼ 83.8%
Non-distributable reserves130/1---€0----
Reserves not available under the articles1311---€0----
Distributable reserves133---€0.5m€0.6m€0.6m€0.1m▼ 83.8%
Profit (loss) carried forward14---€0€0€0€0-
Investment grants15---€0.01m€0.009m€0.006m€0.004m▼ 33.3%
Amounts payable17/49€1.1m€0.9m€1.1m€0.8m€0.9m€0.8m€1.4m▲ 71.9%
Amounts payable after more than one year17€0.5m€0.4m€0.3m€0.1m€0.04m€0€0.05m-
Financial debts170/4---€0.1m€0.04m€0€0.05m-
Amounts payable within one year42/48€0.7m€0.6m€0.8m€0.7m€0.9m€0.8m€1.3m▲ 65.5%
Current portion of amounts payable after more than one year42---€0.1m€0.1m€0.04m€0.005m▼ 87.6%
Trade debts44€0.4m€0.3m€0.5m€0.5m€0.4m€0.5m€0.4m▼ 7.4%
Suppliers440/4---€0.5m€0.4m€0.5m€0.4m▼ 7.4%
Advances received on contracts in progress46-----€0.001m€0.001m▲ 100%
Taxes, remuneration and social security45---€0.04m€0.05m€0.08m€0.07m▼ 9.4%
Taxes450/3---€0.009m€0€0.002m€0.02m▲ 13×
Remuneration and social security454/9---€0.03m€0.05m€0.08m€0.05m▼ 35.9%
Other amounts payable47/48---€0.08m€0.3m€0.2m€0.8m▲ 273%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€170,282€406,321€372,883€211,587€367,105€246,549€291,874▲ 18.4%
+ Depreciation and write-downs630€139,231€134,034€131,676€133,023€125,320€125,280€90,194▼ 28.0%
Operating cash flow (approximation)€309,513€540,355€504,559€344,610€492,425€371,829€382,067▲ 2.8%
Investment in fixed assets (approximation)--€46,624-€32,665-€42,536-€30,872€0-€81,644-
Change in cash-€24,181-€56,155-€87,538€24,995€236,991-€237,241-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 23-01-2026 2026-00015077 PDF
30-06-2024 abbreviated format 31-01-2025 2025-00024349 PDF
30-06-2023 abbreviated format 31-01-2024 2024-00028396 PDF
30-06-2022 abbreviated format 24-01-2023 2023-00004048 PDF
30-06-2021 abbreviated format 31-01-2022 2022-04800222 PDF
30-06-2020 abbreviated format 29-01-2021 2021-02500096 PDF
30-06-2019 abbreviated format 10-01-2020 2020-00700320 PDF
30-06-2018 abbreviated format 03-12-2018 2018-73500369 PDF

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