Monimar
ActiveSummary
The computed 12-month bankruptcy probability of Monimar is 2.3% (moderate). The annual accounts of Monimar for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €6k and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 1909 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency37▼-20
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.05 against 2.79 in 2024; short-term debt: 40% and cash: 81.9% of total assets), but 87.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
12.2%
Return on assets
-36.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-18k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1909 sector peers (2025).
NBB · sector comparisonPosition among 1909 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
7 d late
2024
28 d late
2023
16 d late
2022
29 d late
2021
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 74.8%
2024 · €24k
2021: €2klowest in 5 years
2022: €38k▲ +1915% vs 2021
2023: €45k▲ +16.8% vs 2022highest in 5 years
2024: €24k▼ -46.2% vs 2023
2025: €6k▼ -74.8% vs 2024
2021 → 2025
Total assets
€50k▼ 34.8%
2024 · €76k
2021: €16klowest in 5 years
2022: €85k▲ +444% vs 2021
2023: €121k▲ +41.4% vs 2022highest in 5 years
2024: €76k▼ -36.9% vs 2023
2025: €50k▼ -34.8% vs 2024
2021 → 2025
Net result
€-18k▲ 12.8%
2024 · €-21k
2021: €-3k
2022: €36k▲ +1279% vs 2021highest in 5 years
2023: €6k▼ -82.3% vs 2022
2024: €-21k▼ -420% vs 2023lowest in 5 years
2025: €-18k▲ +12.8% vs 2024
2021 → 2025
Working capital
€21k▼ 57.3%
2024 · €49k
2021: €2klowest in 5 years
2022: €39k▲ +1929% vs 2021
2023: €31k▼ -21.0% vs 2022
2024: €49k▲ +59.8% vs 2023highest in 5 years
2025: €21k▼ -57.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€38k▲ 1,915%€45k▲ 16.8%€24k▼ 46.2%€6k▼ 74.8%
2021: €2klowest in 5 years
2022: €38k▲ +1915% vs 2021
2023: €45k▲ +16.8% vs 2022highest in 5 years
2024: €24k▼ -46.2% vs 2023
2025: €6k▼ -74.8% vs 2024
Operating result€-2k-€34k€15k▼ 54.8%€-19k€-16k▲ 11.7%
2021: €-2k
2022: €34k▲ +1889% vs 2021highest in 5 years
2023: €15k▼ -54.8% vs 2022
2024: €-19k▼ -221% vs 2023lowest in 5 years
2025: €-16k▲ +11.7% vs 2024
Net result€-3k-€36k€6k▼ 82.3%€-21k€-18k▲ 12.8%
2021: €-3k
2022: €36k▲ +1279% vs 2021highest in 5 years
2023: €6k▼ -82.3% vs 2022
2024: €-21k▼ -420% vs 2023lowest in 5 years
2025: €-18k▲ +12.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€9k ▲ 4,330%
Current assets
€41k ▼ 46.4%
Equity and liabilities €50k
Equity
€6k ▼ 74.8%
Debt
€44k ▼ 16.2%
Debt's share of the balance-sheet total rises from 68.3% to 87.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▲
2024 · €-17k
Cash flow
€-17k▲
2024 · €-19k
Current ratio
2.05▼
2024 · 2.79
Debt to equity
7.17▲
2024 · 2.16
ROE
-296.6%▼
2024 · -85.7%
ROA
-36.3%▼
2024 · -27.2%
Interest coverage
-10.36▼
2024 · -8.35
Debt ≤ 1 year
€20k▼
2024 · €27k
Debt > 1 year
€18k▲
2024 · €16k
Income taxes
€47▲
2024 · €0
Staff costs
€818▲
2024 · €103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€76k€50k▼
Fixed assets21/28€203€9k▲
Tangible fixed assets22/27€203€9k▲
Furniture and vehicles24€203€9k▲
Current assets29/58€76k€41k▼
Cash at bank and in hand54/58€68k€41k▼
Deferred charges and accrued income490/1€8k-
Equity and liabilities
Total equity and liabilities10/49€76k€50k▼
Equity10/15€24k€6k▼
Contributions10/11€5k€5k=
Reserves13€36k€36k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-17k€-35k▼
Amounts payable17/49€52k€44k▼
Amounts payable after more than one year17€16k€18k▲
Financial debts170/4€16k€18k▲
Amounts payable within one year42/48€27k€20k▼
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Other amounts payable47/48€6k€5k▼
Accrued charges and deferred income492/3€9k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€103€818▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€611▼
Other operating charges640/8€13k€2k▼
Gross operating margin9900€-4k€-13k▼
Operating profit (loss)9901€-19k€-16k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-21k€-18k▲
Income taxes67/77€0€47▲
Profit (loss) for the period9904€-21k€-18k▲
Profit (loss) for the period to be appropriated9905€-21k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-35k▼
Profit (loss) brought forward from the previous period14P€3k€-17k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €326 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €246 | €860 | €103 | €818 | ▲ 698% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €263 | €8k | €2k | €611 | ▼ 64.3% |
| Other operating charges640/8 | €2k | €1k | €4k | €13k | €2k | ▼ 85.9% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €828 | €36k | €28k | €-4k | €-13k | ▼ 220% |
| Operating profit (loss)9901 | €-2k | €34k | €15k | €-19k | €-16k | ▲ 11.7% |
| Financial income75/76B | - | €20k | €0 | - | - | - |
| Recurring financial income75 | - | €148 | €0 | - | - | - |
| Non-recurring financial income76B | - | €20k | - | - | - | - |
| Financial charges65/66B | €449 | €258 | €1k | €2k | €2k | ▼ 24.7% |
| Recurring financial charges65 | €449 | €258 | €1k | €2k | €2k | ▼ 24.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €54k | €14k | €-21k | €-18k | ▲ 13.0% |
| Income taxes67/77 | €741 | €18k | €8k | €0 | €47 | - |
| Profit (loss) for the period9904 | €-3k | €36k | €6k | €-21k | €-18k | ▲ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €36k | €6k | €-21k | €-18k | ▲ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €85k | €121k | €76k | €50k | ▼ 34.8% |
| Fixed assets21/28 | - | €1k | €39k | €203 | €9k | ▲ 4,330% |
| Tangible fixed assets22/27 | - | €1k | €39k | €203 | €9k | ▲ 4,330% |
| Furniture and vehicles24 | - | €1k | €39k | €203 | €9k | ▲ 4,330% |
| Current assets29/58 | €16k | €84k | €82k | €76k | €41k | ▼ 46.4% |
| Amounts receivable within one year40/41 | €12k | €22k | €33k | - | - | - |
| Trade receivables40 | €11k | €22k | €33k | - | - | - |
| Other amounts receivable41 | €415 | €468 | - | - | - | - |
| Cash at bank and in hand54/58 | €3k | €62k | €49k | €68k | €41k | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €2k | €361 | - | €8k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €85k | €121k | €76k | €50k | ▼ 34.8% |
| Equity10/15 | €2k | €38k | €45k | €24k | €6k | ▼ 74.8% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | €30k | €36k | €36k | €36k | = |
| Distributable reserves133 | - | €30k | €36k | €36k | €36k | = |
| Profit (loss) carried forward14 | €-3k | €3k | €3k | €-17k | €-35k | ▼ 104% |
| Amounts payable17/49 | €14k | €47k | €76k | €52k | €44k | ▼ 16.2% |
| Amounts payable after more than one year17 | - | - | €24k | €16k | €18k | ▲ 12.3% |
| Financial debts170/4 | - | - | €24k | €16k | €18k | ▲ 12.3% |
| Amounts payable within one year42/48 | €14k | €46k | €51k | €27k | €20k | ▼ 27.0% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €8k | €9k | ▲ 6.6% |
| Trade debts44 | €3k | €12k | €16k | €4k | €4k | ▼ 4.6% |
| Suppliers440/4 | €3k | €12k | €16k | €4k | €4k | ▼ 4.6% |
| Taxes, remuneration and social security45 | €741 | €24k | €26k | €8k | €2k | ▼ 81.3% |
| Taxes450/3 | €741 | €24k | €26k | €8k | €2k | ▼ 81.3% |
| Other amounts payable47/48 | €10k | €10k | €767 | €6k | €5k | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | €1k | €361 | €9k | €6k | ▼ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €36k | €6k | €-21k | €-18k | ▲ 12.8% |
| + Depreciation and write-downs630 | - | €263 | €8k | €2k | €611 | ▼ 64.3% |
| Operating cash flow (approximation) | €-3k | €37k | €14k | €-19k | €-17k | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | - | €-46k | €37k | €-9k | ▼ 125% |
| Change in cash | - | €59k | €-13k | €19k | €-28k | ▼ 243% |
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
07-09
State Gazette act
Purpose · Statutes amendmentPurpose change · Name change · Board rule10 facts ▸
State Gazette act
Purpose · Statutes amendment
Purpose change · Name change · Board rule10 facts ▸
- General meeting, 25-08-2026
- Board meeting, verslag opgemaakt overeenkomstig artikel 5:101 WVV, verantwoording van de voorgestelde wijziging van het voorwerp
- General meeting, ontslag van het voorlezen van het verslag, voorafgaande kennisname
- Purpose change
- Statutes amendment, 3
- Name change, Plexus 29
- Statutes amendment, 1
- General meeting, in overeenstemming met het vorige besluit, opdracht om de coördinatie van de statuten op te maken en te ondertekenen
- Board rule, verleent aan het bestuursorgaan alle machten met betrekking tot de genomen besluiten ten uitvoer te leggen
- Power of attorney, BEKAERT CONSULT
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2020
Ground area
174 m²
Building footprint
77 m²
Volume, LiDAR
129 m³
Parcel 36302B2091/00A004, Flanders · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Intuvlo
since 20202.309.591.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B2091/00A004 | Flanders | 174 m² | 1 · 77 m² | 4.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Specifieke activiteiten; Algemene activiteiten; Beheer van een eigen roerend en onroerend vermogen; Bijzondere bepalingen
Full purpose (4 activities)
- Specifieke activiteiten
- Algemene activiteiten
- Beheer van een eigen roerend en onroerend vermogen
- Bijzondere bepalingen
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 770 EUR awarded · 504 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 471 EUR | 205 EUR |
| 2022 | 1 | 299 EUR | 299 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 559 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
Founded12-11-2020
Fiscal year end31-12
Legal name NL
Plexus 29
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
24320Manufacture of basic metals
25999Manufacture of fabricated metal products, except machinery and equipment
31001Manufacture of furniture
32990Other manufacturing not elsewhere classified
46499Wholesale of other household goods
Scores and ratios are computed by Checked and are not a credit decision.