MONIFY
ActiveSummary
MONIFY has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,282 and a net result of €9,157. Equity has been shrinking by about 32% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 80% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-05-2012 Normal situation
- Activity
- Other information technology and computer services NACE 62900
- Establishment unit
- 2.210.800.541 1640 Sint-Genesius-Rode, since 07-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Haas-de Munck SebastienDirector · since 14-10-2015
- VERHULST MEDIASPORT50%· score 9230-06-2025 annual accounts of VERHULST MEDIASPORT
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €9,895
- ▲ 873%
- Turnover
- ≈ €52,000
- estimated
- Profit
- €9,157
- Equity
- €10,282
- ▲ 814%
- Total assets
- €12,285
- ▲ 201%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 6.13, cash €12,082Equity €10,282 (83.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 62, micro). It does better than 85% of them on solvency, 86% on liquidity, 82% on profitability and 99% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00490452.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 13 filings
Every figure per financial year
The operating result for 2025 is a profit of €9,484, after a loss of €4,489 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | €25,078 | €867 | - | - | - |
| Depreciation and write-downs of the year | €4,737 | €8,612 | €8,648 | €5,119 | €11 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,183 | €1,183 | €4,737 | €8,612 | €8,648 | €5,119 | €11 | ▼ 99.8% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €41,858 | €52,537 | €7,356 | -€3,806 | €1,336 | -€4,259 | €1,017 | €9,895 | ▲ 873% |
| Operating profit (loss)9901 | €41,511 | €51,007 | €5,825 | -€8,890 | -€7,623 | -€13,292 | -€4,489 | €9,484 | - |
| Financial income75/76B | - | - | - | €3,013 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €3,013 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €3,013 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €165 | €165 | €181 | €165 | €327 | ▲ 97.9% |
| Recurring financial charges65 | €134 | €212 | €174 | €165 | €165 | €181 | €165 | €327 | ▲ 97.9% |
| Profit (loss) for the period before taxes9903 | €41,376 | €50,795 | €14,651 | -€6,043 | -€7,788 | -€13,473 | -€4,654 | €9,157 | - |
| Profit (loss) for the period9904 | €41,376 | €50,795 | €14,651 | -€6,043 | -€7,788 | -€13,473 | -€4,654 | €9,157 | - |
| Profit (loss) for the period to be appropriated9905 | €41,376 | €50,795 | €14,651 | -€6,043 | -€7,788 | -€13,473 | -€4,654 | €9,157 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €57,999 | €28,739 | €33,109 | €29,788 | €20,733 | €7,236 | €4,081 | €12,285 | ▲ 201% |
| Fixed assets21/28 | - | €2,365 | €1,183 | €21,523 | €13,778 | €5,130 | €11 | - | - |
| Intangible fixed assets21 | - | - | - | €21,523 | €13,778 | €5,130 | €11 | - | - |
| Tangible fixed assets22/27 | - | €2,365 | €1,183 | - | - | - | - | - | - |
| Current assets29/58 | €57,999 | €26,374 | €31,926 | €8,264 | €6,954 | €2,106 | €4,070 | €12,285 | ▲ 202% |
| Amounts receivable within one year40/41 | €10,164 | €4,457 | €6,551 | €4,337 | €4,082 | €160 | €1,191 | €203 | ▼ 83.0% |
| Trade receivables40 | - | - | - | - | - | €88 | €897 | - | - |
| Other amounts receivable41 | - | - | - | €4,337 | €4,082 | €72 | €293 | €203 | ▼ 30.8% |
| Cash at bank and in hand54/58 | €47,835 | €21,916 | €25,375 | €3,927 | €2,873 | €1,946 | €2,879 | €12,082 | ▲ 320% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €57,999 | €28,739 | €33,109 | €29,788 | €20,733 | €7,236 | €4,081 | €12,285 | ▲ 201% |
| Equity10/15 | €45,136 | €18,431 | €33,083 | €27,040 | €19,252 | €5,779 | €1,125 | €10,282 | ▲ 814% |
| Contributions10/11 | €80,000 | €2,500 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€34,864 | €15,931 | €30,583 | €24,540 | €16,752 | €3,279 | -€1,375 | €7,782 | - |
| Amounts payable17/49 | €12,863 | €10,308 | €26 | €2,748 | €1,481 | €1,457 | €2,956 | €2,003 | ▼ 32.2% |
| Amounts payable within one year42/48 | €12,863 | €10,308 | €26 | €2,736 | €1,469 | €1,457 | €2,956 | €2,003 | ▼ 32.2% |
| Trade debts44 | €1,205 | €275 | - | €2,068 | €802 | €88 | €897 | €168 | ▼ 81.3% |
| Suppliers440/4 | - | - | - | €2,068 | €802 | €88 | €897 | €168 | ▼ 81.3% |
| Other amounts payable47/48 | - | - | - | €668 | €667 | €1,369 | €2,059 | €1,835 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | - | - | €12 | €12 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,376 | €50,795 | €14,651 | -€6,043 | -€7,788 | -€13,473 | -€4,654 | €9,157 | - |
| + Depreciation and write-downs630 | - | €1,183 | €1,183 | €4,737 | €8,612 | €8,648 | €5,119 | €11 | ▼ 99.8% |
| Operating cash flow (approximation) | €41,376 | €51,977 | €15,834 | -€1,305 | €824 | -€4,825 | €465 | €9,168 | ▲ 20× |
| Investment in fixed assets (approximation) | - | - | €0 | -€25,078 | -€867 | €0 | €0 | - | - |
| Change in cash | - | -€25,919 | €3,458 | -€21,447 | -€1,055 | -€927 | €933 | €9,203 | ▲ 886% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as MONIFY has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MONIFY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for MONIFY. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00490452 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00114583 | |
| 31-12-2023 | micro format | 03-09-2024 | 2024-00442341 | |
| 31-12-2022 | micro format | 16-05-2023 | 2023-00088118 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349913 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22600484 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31200309 | |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44200461 | |
| 31-12-2017 | micro format | 31-05-2018 | 2018-14800485 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46000484 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €113,295 Profit of €1,267 in 2025 (profit of €3,825 in 2024) Checked score 9250%
Network & group
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of MONIFY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22004B0134/00F000 | Flanders | 493 m² | 1 · 80 m² | 7.8 m · 2 |