MONBAR
ActiveSummary
The computed 12-month bankruptcy probability of MONBAR is 1.7% (moderate). The 2025 annual accounts show equity of €48,262 and a net result of €591. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 13604 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-23
Solvency43▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.99 in 2024; short-term debt: 80.1% and cash: 3.1% of total assets), and 81.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.2%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €48,262
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 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
61 d late
2023
34 d early
2022
31 d late
2021
3 d early
2020
29 d early
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,262▲ 1.2%
2024 · €47,671
Total assets
€265,751▲ 33.6%
2024 · €198,863
Net result
€591▼ 98.4%
2024 · €37,594
Working capital
€8,563
2024 · -€793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€33,960▼ 293%€31,340€8,134▼ 74.0%€40,857▲ 402%€3,748▼ 90.8%
Net result-€35,376below the sector's middle half▼ 230%€30,748above the sector's middle half€6,676within the sector's middle half▼ 78.3%€37,594above the sector's middle half▲ 463%€591within the sector's middle half▼ 98.4%
Equity-€27,348below the sector's middle half€3,400within the sector's middle half€10,076within the sector's middle half▲ 196%€47,671within the sector's middle half▲ 373%€48,262within the sector's middle half▲ 1.2%
Total assets€50,866within the sector's middle half▼ 42.7%€189,360within the sector's middle half▲ 272%€177,354within the sector's middle half▼ 6.3%€198,863within the sector's middle half▲ 12.1%€265,751above the sector's middle half▲ 33.6%
Debt€78,214▼ 3.2%€185,960▲ 138%€167,277▼ 10.0%€151,193▼ 9.6%€217,490▲ 43.8%
Working capital-€32,244below the sector's middle half-€36,516below the sector's middle half▼ 13.2%-€28,232within the sector's middle half▲ 22.7%-€793within the sector's middle half▲ 97.2%€8,563within the sector's middle half
Solvency-53.8%below the sector's middle half▼ 62.8pp1.8%within the sector's middle half▲ 55.6pp5.7%within the sector's middle half▲ 3.9pp24.0%within the sector's middle half▲ 18.3pp18.2%within the sector's middle half▼ 5.8pp
Current ratio0.50below the sector's middle half▼ 0.510.80within the sector's middle half▲ 0.300.83within the sector's middle half▲ 0.020.99within the sector's middle half▲ 0.171.04within the sector's middle half▲ 0.05
Return on assets (ROA)-69.5%below the sector's middle half▼ 57.5pp16.2%above the sector's middle half▲ 85.8pp3.8%within the sector's middle half▼ 12.5pp18.9%above the sector's middle half▲ 15.1pp0.2%within the sector's middle half▼ 18.7pp
Staff (FTE)0.21.1▲ 450%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,751
Fixed assets
€44,245 ▼ 8.7%
Current assets
€221,507 ▲ 47.3%
Equity and liabilities €265,751
Equity
€48,262 ▲ 1.2%
Debt
€217,490 ▲ 43.8%
Debt's share of the balance-sheet total rises from 76.0% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,651▼
2024 · €60,800
Cash flow
€29,493▼
2024 · €57,538
Quick ratio
0.94▲
2024 · 0.86
Debt to equity
4.51▲
2024 · 3.17
ROE
1.2%▼
2024 · 78.9%
Interest coverage
16.00▼
2024 · 87.72
Debt ≤ 1 year
€212,944▲
2024 · €151,193
Debt > 1 year
€4,546
Income taxes
€2,833▲
2024 · €2,631
Staff costs
€422▼
2024 · €653
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,273 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,894 | - |
| Remuneration, social security and pensions62 | €2,540 | €22,505 | €10,094 | €653 | €422 | ▼ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,432 | €7,812 | €18,841 | €19,943 | €28,902 | ▲ 44.9% |
| Other operating charges640/8 | €936 | €1,516 | €1,881 | €2,579 | €26,794 | ▲ 939% |
| Non-recurring operating charges66A | - | €1,050 | €5,550 | €8,240 | - | - |
| Gross operating margin9900 | -€21,052 | €64,223 | €44,501 | €72,272 | €59,867 | ▼ 17.2% |
| Operating profit (loss)9901 | -€33,960 | €31,340 | €8,134 | €40,857 | €3,748 | ▼ 90.8% |
| Financial income75/76B | €514 | €425 | €19 | €62 | €1,717 | ▲ 2,681% |
| Recurring financial income75 | €69 | €425 | €19 | €62 | €1,717 | ▲ 2,681% |
| Non-recurring financial income76B | €445 | - | - | - | - | - |
| Financial charges65/66B | €1,580 | €1,257 | €517 | €693 | €2,041 | ▲ 195% |
| Recurring financial charges65 | €1,580 | €1,257 | €517 | €693 | €2,041 | ▲ 195% |
| Profit (loss) for the period before taxes9903 | -€35,026 | €30,507 | €7,636 | €40,225 | €3,424 | ▼ 91.5% |
| Income taxes67/77 | €350 | -€241 | €960 | €2,631 | €2,833 | ▲ 7.7% |
| Profit (loss) for the period9904 | -€35,376 | €30,748 | €6,676 | €37,594 | €591 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | -€35,376 | €30,748 | €6,676 | €37,594 | €591 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,866 | €189,360 | €177,354 | €198,863 | €265,751 | ▲ 33.6% |
| Fixed assets21/28 | €18,501 | €39,916 | €41,101 | €48,464 | €44,245 | ▼ 8.7% |
| Intangible fixed assets21 | €1,473 | €953 | €433 | €1 | €1 | = |
| Tangible fixed assets22/27 | €17,029 | €38,963 | €40,668 | €48,463 | €44,244 | ▼ 8.7% |
| Plant, machinery and equipment23 | €8,029 | €33,538 | €30,048 | €35,141 | €16,584 | ▼ 52.8% |
| Furniture and vehicles24 | €9,000 | €5,426 | €10,621 | €13,322 | €27,660 | ▲ 108% |
| Current assets29/58 | €32,365 | €149,444 | €136,253 | €150,399 | €221,507 | ▲ 47.3% |
| Stocks and contracts in progress3 | €8,574 | €16,314 | €16,640 | €20,204 | €20,801 | ▲ 3.0% |
| Stocks30/36 | €8,574 | €16,314 | €16,640 | €20,204 | €20,801 | ▲ 3.0% |
| Amounts receivable within one year40/41 | €3,221 | €124,826 | €110,206 | €119,407 | €188,673 | ▲ 58.0% |
| Trade receivables40 | €999 | €124,726 | €110,124 | €119,318 | €164,648 | ▲ 38.0% |
| Other amounts receivable41 | €2,222 | €99 | €82 | €89 | €24,024 | ▲ 26,876% |
| Cash at bank and in hand54/58 | €6,188 | €7,020 | €9,090 | €8,595 | €8,259 | ▼ 3.9% |
| Deferred charges and accrued income490/1 | €14,383 | €1,284 | €317 | €2,194 | €3,774 | ▲ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,866 | €189,360 | €177,354 | €198,863 | €265,751 | ▲ 33.6% |
| Equity10/15 | -€27,348 | €3,400 | €10,076 | €47,671 | €48,262 | ▲ 1.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €29,071 | €29,662 | ▲ 2.0% |
| Distributable reserves133 | - | - | - | €29,071 | €29,662 | ▲ 2.0% |
| Profit (loss) carried forward14 | -€45,948 | -€15,200 | -€8,524 | - | - | - |
| Amounts payable17/49 | €78,214 | €185,960 | €167,277 | €151,193 | €217,490 | ▲ 43.8% |
| Amounts payable after more than one year17 | €13,605 | - | €2,792 | - | €4,546 | - |
| Financial debts170/4 | €13,605 | - | €2,792 | - | €4,546 | - |
| Amounts payable within one year42/48 | €64,609 | €185,960 | €164,485 | €151,193 | €212,944 | ▲ 40.8% |
| Current portion of amounts payable after more than one year42 | €5,079 | - | €3,951 | €2,792 | €7,464 | ▲ 167% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €22,550 | €13,875 | €24,792 | €11,873 | €14,825 | ▲ 24.9% |
| Suppliers440/4 | €22,550 | €13,875 | €24,792 | €11,873 | €14,825 | ▲ 24.9% |
| Advances received on contracts in progress46 | €10,529 | €126,003 | €119,334 | €127,068 | €176,917 | ▲ 39.2% |
| Taxes, remuneration and social security45 | €3,278 | €5,620 | €6,647 | €9,189 | €13,738 | ▲ 49.5% |
| Taxes450/3 | €2,288 | €3,829 | €6,570 | €9,189 | €10,738 | ▲ 16.9% |
| Remuneration and social security454/9 | €990 | €1,791 | €77 | - | €3,000 | - |
| Other amounts payable47/48 | €23,173 | €40,461 | €9,762 | €270 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,376 | €30,748 | €6,676 | €37,594 | €591 | ▼ 98.4% |
| + Depreciation and write-downs630 | €9,432 | €7,812 | €18,841 | €19,943 | €28,902 | ▲ 44.9% |
| Operating cash flow (approximation) | -€25,944 | €38,560 | €25,518 | €57,538 | €29,493 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | -€29,227 | -€20,026 | -€27,307 | -€24,683 | ▲ 9.6% |
| Change in cash | - | €832 | €2,070 | -€495 | -€336 | ▲ 32.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €37,594 ▲463%
Operating result €40,857, net result €37,594, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €30,748
Net result €30,748 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€35,376
Net result drops to -€35,376, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €2,034
Net result €2,034 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Torhout · 1 establishment unit since 2018
Ground area
6,681 m²
Building footprint
2,445 m²
Volume, LiDAR
12,956 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ambachtstraat 2, 8820 Torhout
since 20182.272.985.459
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0453/00A000 | Flanders | 5,204 m² | 1 · 2,253 m² | 9.2 m · 2 fl. |
| 31523H0946/00H000 | Flanders | 1,477 m² | 1 · 192 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.272.985.459
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 8,419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47251Retail sale of wines and spirits
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687609640
Also
9925:BE0687609640
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.