MONHOR
ActiveMONHOR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €27k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-13
Solvency43▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.5 in 2024; short-term debt: 57.3% and cash: 8.5% of total assets), and 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
17.6%
Return on assets
5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 637 sector peers (2025).
NBB · sector comparisonPosition among 637 sector peers
Solvency
better than 23%
← weakest
strongest →
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 · 9 filingsDeviation from the deadline
2025
17 d early
2024
on the day
2023
15 d early
2022
17 d early
2021
16 d early
2020
12 d early
2019
16 d early
← 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
16-09-2026 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
€27k▼ 62.7%
2024 · €71k
2019: €-3k
2022: €29k
2023: €90k
2024: €71k
2019 → 2025
Working capital
€-188k▼ 61.1%
2024 · €-117k
2019: €-283k
2022: €-169k
2023: €-135k
2024: €-117k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192022202320242025Trend
Equity€-49k-€66k€91k▲ 38.7%€93k▲ 1.6%€94k▲ 1.8%
Operating result€1k-€33k▲ 3,016%€128k▲ 283%€92k▼ 27.8%€54k▼ 41.9%
Net result€-3k-€29k€90k▲ 215%€71k▼ 20.9%€27k▼ 62.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €536k
Fixed assets
€417k▲ 76.7%
Current assets
€119k▲ 2.6%
Equity and liabilities €536k
Equity
€94k▲ 1.8%
Debt
€442k▲ 70.3%
The debt ratio rises from 73.7% to 82.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▼
2024 · €138k
Cash flow
€78k▼
2024 · €117k
Solvency
17.6%▼
2024 · 26.3%
Current ratio
0.39▼
2024 · 0.50
Quick ratio
0.35▼
2024 · 0.46
Debt / equity
4.70▲
2024 · 2.81
ROE
28.3%▼
2024 · 77.3%
ROA
5.0%▼
2024 · 20.3%
Interest coverage
12.51▲
2024 · -41.60
Debt
€442k▲
2024 · €260k
Debt ≤ 1 year
€308k▲
2024 · €233k
Debt > 1 year
€132k▲
2024 · €27k
Income taxes
€19k▼
2024 · €25k
Staff costs
€339k▼
2024 · €341k
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€352k€536k▲
Fixed assets21/28€236k€417k▲
Tangible fixed assets22/27€236k€417k▲
Plant, machinery and equipment23€42k€42k▲
Furniture and vehicles24-€36k
Other tangible fixed assets26€191k€339k▲
Assets under construction and advance payments27€2k€0▼
Current assets29/58€116k€119k▲
Stocks and contracts in progress3€9k€11k▲
Stocks30/36€9k€11k▲
Amounts receivable within one year40/41€49k€58k▲
Trade receivables40€14k€23k▲
Other amounts receivable41€35k€35k▲
Cash at bank and in hand54/58€52k€45k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€352k€536k▲
Equity10/15€93k€94k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€25k€27k▲
Amounts payable17/49€260k€442k▲
Amounts payable after more than one year17€27k€132k▲
Financial debts170/4€27k€132k▲
Amounts payable within one year42/48€233k€308k▲
Current portion of amounts payable after more than one year42€19k€33k▲
Trade debts44€74k€58k▼
Suppliers440/4€74k€58k▼
Taxes, remuneration and social security45€54k€47k▼
Taxes450/3€13k€1k▼
Remuneration and social security454/9€41k€46k▲
Other amounts payable47/48€85k€169k▲
Accrued charges and deferred income492/3€8€2k▲
Income statement
Code20242025
Non-recurring operating income76A€8k€4k▼
Remuneration, social security and pensions62€341k€339k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€51k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€14k€969▼
Gross operating margin9900€494k€447k▼
Operating profit (loss)9901€92k€54k▼
Financial income75/76B€568€87▼
Recurring financial income75€568€87▼
Financial charges65/66B€-3k€8k▲
Recurring financial charges65€-3k€8k▲
Profit (loss) for the period before taxes9903€96k€45k▼
Income taxes67/77€25k€19k▼
Profit (loss) for the period9904€71k€27k▼
Profit (loss) for the period to be appropriated9905€71k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€52k▼
Profit (loss) brought forward from the previous period14P€23k€25k▲
Profit to be distributed694/7€70k€25k▼
Return on contributions (dividend)694€70k€25k▼
Social balance
Average headcount (FTE)90879.99.3▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €90k ▲215%
Operating result €128k, net result €90k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Mons · 1 establishment unit since 2017
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.
Place de St Symphorien 247030 Mons1 establishment unit
Monhor
since 20172.260.518.385
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBoussu2.260.518.385
Legal Entity Identifier
549300VOG3LOV8QT2R06
Similar companies · same sector, comparable size
BAKKERIJ PHILIP BUYLE
BE 0644.721.089
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Mike & C°
BE 0797.188.164
Antwerpen · Eq €95k
PANERIA
BE 0442.717.502
Koekelare · Eq €95k
ALTESSE PRODUCTS
BE 0671.919.097
Charleroi · Eq €94k
PIERRE et PAINS
BE 0660.818.834
Esneux · Eq €94k
Of 4,229 companies in sector 10712 we hold annual accounts for 1,870. 1,599 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-01-2017
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.