MONIN

Active Public limited companyfounded 2006active for 20 yearsPrins Boudewijnlaan 43, 2650 EdegemKBO/BCE: BE 0879.917.484 subsidiary of Hestia

Part of the group Nuclys 525 companies in 16 countries

See the group

MONIN

Financial year 2025

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Annual accounts 2025

full format, filed on 27-07-2026, 4 days before the deadline

€4.3m

▲ 8.1%

€334,602

▲ 22.7%

€354,453

▲ 22.3%

€265,705

▲ 18.0%

67.9%

▲ 11.6 percentage points

3.36

▲ 0.99

Money flows

of every €100 of turnover, €5.70 remains as profit in 2025

Balance sheet

balance sheet total €2.4m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

67.9%

Higher than 78% of 193 companies in 2025.

3.36

Higher than 75% of 190 companies in 2025.

10.4%

Higher than 78% of 190 companies in 2025.

MONIN Middle half of the sector 80% of the sector Full accounts in publishing (NACE 58)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

Men and women

Not in that year's accounts.

€86,228

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Training hours in 2025: 141.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	2.4m	2.4m	1.9m	1.6m	1.1m	1.2m	845,826	1.1m	598,750	620,980	73,137	131,479	265,751	458,628	591,301	456,987	474,384	361,115	475,740
`21/28`	58,036	69,700	31,229	14,642	15,949	51,072	76,205	109,510	140,553	170,905	-	1,068	4,828	10,283	12,310	9,999	10,864	11,875	6,894
`21`	-	-	-	-	-	34,105	68,305	102,505	136,705	170,905	-	-	-	-	-	-	1	374	748
`22/27`	33,236	44,900	31,229	14,642	15,949	16,967	7,900	7,005	3,848	-	-	1,068	4,828	10,283	12,310	9,999	10,863	11,501	6,146
`23`	21,663	29,043	21,890	14,642	15,949	16,967	7,900	7,005	3,848	-	-	724	2,897	6,539	6,751	6,526	9,689	11,501	6,146
`24`	5,252	7,474	-	-	-	-	-	-	-	-	-	188	1,468	2,832	4,197	1,661	-	-	-
`26`	6,321	8,384	9,339	-	-	-	-	-	-	-	-	155	463	912	1,362	1,812	1,173	-	-
`28`	24,800	24,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	2.3m	2.3m	1.9m	1.6m	1.1m	1.1m	769,621	960,000	458,197	450,075	73,137	130,411	260,923	448,345	578,991	446,988	463,520	349,240	468,847
`3`	-	-	-	-	-	-	-	-	-	-	-	-	60,020	20,155	111,305	38,047	16,113	53,501	24,485
`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	9,273	20,155	17,195	10,489	16,113	33,022	24,485
`34`	-	-	-	-	-	-	-	-	-	-	-	-	9,273	20,155	17,195	10,489	16,113	33,022	24,485
`37`	-	-	-	-	-	-	-	-	-	-	-	-	50,747	-	94,110	27,558	-	20,479	-
`40/41`	2.3m	2.3m	1.9m	1.6m	1.0m	1.1m	740,363	929,132	423,820	404,173	69,865	96,179	156,346	361,357	409,097	335,465	350,324	237,573	397,529
`40`	754,061	1.2m	711,475	749,412	726,906	1.1m	719,074	929,111	423,306	341,344	26,229	53,794	120,163	361,074	407,505	325,535	350,324	237,573	366,339
`41`	1.5m	1.1m	1.2m	831,834	316,658	93	21,289	21	514	62,829	43,636	42,385	36,183	283	1,592	9,930	-	-	31,190
`54/58`	12,377	17,561	22,360	8,272	11,749	17,395	19,231	17,183	30,289	45,071	2,932	33,858	42,434	45,778	36,589	66,384	71,913	49,699	31,928
`490/1`	25,383	30,477	14,402	15,601	15,791	7,511	10,027	13,685	4,088	831	339	374	2,124	21,055	22,000	7,092	25,171	8,467	14,905
Balance sheet: equity and liabilities
`10/49`	2.4m	2.4m	1.9m	1.6m	1.1m	1.2m	845,826	1.1m	598,750	620,980	73,137	131,479	265,751	458,628	591,301	456,987	474,384	361,115	475,740
`10/15`	1.6m	1.4m	1.2m	845,031	428,818	162,708	6,323	-207,479	-220,275	-299,749	-371,453	-333,723	-313,310	-108,524	-131,610	-10,691	-7,700	118,420	100,443
`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`13`	1.5m	1.3m	1.1m	782,700	366,200	100,200	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	98,860	80,860
`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,200	6,200	6,200	6,200	6,200	6,200	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`132`	147,350	147,350	105,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1.4m	1.1m	980,000	776,500	360,000	94,000	-	-	-	-	-	-	-	-	-	-	-	97,000	79,000
`14`	709	254	463	331	618	508	-57,537	-271,339	-284,135	-363,609	-391,913	-354,183	-333,770	-128,984	-152,070	-31,151	-28,160	960	983
`16`	682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`160/5`	682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`160`	682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	754,542	1.1m	791,427	774,730	658,236	1.0m	839,504	1.3m	819,025	920,729	444,590	465,202	579,061	567,152	722,911	467,678	482,084	242,696	375,298
`42/48`	682,945	985,538	746,778	748,777	658,236	1.0m	839,504	1.3m	814,275	920,729	444,590	465,202	579,061	545,171	696,202	434,617	404,599	236,805	362,951
`44`	478,623	756,460	507,996	518,790	482,142	778,752	351,116	732,430	262,867	510,564	9,590	12,202	60,044	102,926	247,758	332,810	260,606	45,630	258,816
`440/4`	478,623	756,460	507,996	518,790	482,142	778,752	351,116	732,430	262,867	510,564	9,590	12,202	60,044	102,926	247,758	332,810	260,606	45,630	258,816
`46`	-	-	-	-	-	-	-	-	-	-	-	-	68,808	-	121,864	26,358	-	8,440	-
`45`	199,922	226,061	209,282	226,500	174,219	110,301	56,382	55,036	79,257	-	-	-	5,208	39,245	25,371	18,449	36,243	96,985	71,385
`450/3`	75,159	132,960	94,404	143,738	97,451	41,543	4,216	6,097	28,915	-	-	-	-	7,827	-	-	26,184	71,719	54,094
`454/9`	124,764	93,101	114,878	82,761	76,768	68,757	52,166	48,939	50,341	-	-	-	5,208	31,418	25,371	18,449	10,059	25,266	17,291
`47/48`	4,400	3,016	29,500	3,488	1,875	147,115	432,006	489,522	472,151	410,165	435,000	453,000	445,000	403,000	301,209	57,000	107,750	85,750	32,750
`492/3`	71,597	68,346	44,650	25,953	-	-	-	-	4,750	-	-	-	-	21,981	26,709	33,061	77,485	5,891	12,347
Income statement
`70/76A`	-	-	-	-	-	-	-	-	-	558,357	15,854	56,568	691,330	1.6m	1.2m	1.2m	880,766	1.0m	1.7m
`70`	4.3m	4.0m	3.6m	4.2m	2.8m	3.0m	2.5m	2.3m	1.5m	558,357	15,839	147,510	589,850	1.7m	1.1m	1.2m	897,169	974,830	1.7m
`71`	-	-	-	-	-	-	-	-	-	-	-	-92,783	92,783	-127,560	97,240	30,321	-22,979	22,979	-
`76A`	1,053	-	-	-	-	29	-	-	-	-	3,573	-	-	-	-	475	90	80	-
`9900`	1.2m	987,863	1.3m	1.1m	882,097	740,624	721,062	460,558	557,260	-	-	-	-	-	-	-	-	-	-
`60/66A`	-	-	-	-	-	-	-	-	-	510,618	27,340	65,315	884,533	1.6m	1.3m	1.2m	1.0m	968,767	1.6m
`60/61`	3.1m	3.0m	2.3m	3.1m	1.9m	2.3m	1.8m	1.8m	994,903	-	-	-	-	-	-	-	-	-	-
`60`	-	-	-	-	-	-	-	-	-	426,643	16,780	105,592	492,001	1.1m	706,951	702,182	674,061	604,324	911,928
`600/8`	-	-	-	-	-	-	-	-	-	426,643	16,780	123,440	474,154	1.1m	717,955	696,559	657,152	612,862	936,412
`609`	-	-	-	-	-	-	-	-	-	-	-	-17,847	17,847	-1,339	-11,004	5,623	16,910	-8,538	-24,485
`61`	-	-	-	-	-	-	-	-	-	81,441	8,419	339	176,562	275,142	274,000	357,665	155,903	137,981	350,339
`62`	862,278	692,611	731,807	525,336	458,503	492,343	438,956	375,862	412,759	27	-	-3,429	165,342	251,374	253,419	166,692	165,290	218,224	311,341
`630`	19,851	17,177	12,489	10,903	43,771	42,854	38,181	36,372	35,488	95	1,068	3,760	6,138	6,054	7,646	5,907	7,087	4,250	4,303
`631/4`	682	-	-	-	-	-	-	-	-	-	-	-42,036	42,036	-37,748	34,986	2,763	-2,501	2,501	-
`640/8`	4,031	5,131	4,424	38,793	2,928	3,007	2,483	3,515	3,268	2,412	1,074	1,089	2,454	1,467	1,477	1,277	1,122	1,486	2,095
`66A`	1,105	203	-	-	68	-	-	-	-	-	10,843	-	-	-	-	-	-	-	-
`9901`	334,602	272,740	561,492	569,144	376,827	202,419	241,442	44,809	105,745	47,738	-11,486	-8,747	-193,203	35,722	-112,533	143	-120,196	37,778	141,927
`75/76B`	22,639	30,456	18,198	2,617	120	26	1	-	0	-	173	668	2	2	3	3	137	3,331	3,257
`75`	22,639	30,456	18,198	2,617	120	26	1	-	0	-	173	668	2	2	3	3	137	3,331	3,257
`750`	-	-	-	-	-	-	-	-	-	-	-	668	-	2	-	3	-	-	-
`751`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	3,331	3,257
`752/9`	-	-	-	-	-	-	-	-	-	-	173	1	2	-	3	-	108	-	0
`65/66B`	16,188	15,846	10,898	5,908	9,898	14,543	25,546	29,183	25,271	19,434	19,135	12,335	11,538	12,638	8,430	5,050	6,130	8,219	9,138
`65`	16,188	15,846	10,898	5,908	9,898	14,543	25,546	29,183	25,271	19,434	19,135	12,335	11,538	12,638	8,430	5,050	6,130	8,219	9,138
`650`	-	-	-	-	-	-	-	-	-	19,105	18,555	11,243	10,822	11,980	6,645	4,511	4,908	7,851	8,833
`652/9`	-	-	-	-	-	-	-	-	-	329	581	1,091	715	658	1,785	539	1,221	368	305
`9903`	341,053	287,350	568,792	565,853	367,048	187,903	215,897	15,626	80,474	28,304	-37,718	-20,413	-204,739	23,086	-120,960	-4,429	-126,099	32,970	136,046
`67/77`	95,199	79,442	155,698	146,440	99,063	31,517	2,095	2,830	1,000	-	13	-	47	1	-41	-1,438	21	14,993	54,204
`670/3`	-	-	-	-	-	-	-	-	-	-	13	-	47	1	1	283	21	14,993	54,204
`77`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	1,721	-	-	-
`9904`	245,854	207,908	413,094	419,413	267,985	156,385	213,802	12,796	79,474	28,304	-37,731	-20,413	-204,786	23,086	-120,919	-2,991	-126,120	17,977	81,843
`689`	-	42,100	105,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	245,854	165,808	307,844	419,413	267,985	156,385	213,802	12,796	79,474	28,304	-37,731	-20,413	-204,786	23,086	-120,919	-2,991	-126,120	17,977	81,843
Appropriation of the result
`9906`	246,109	166,271	308,175	420,031	268,493	98,848	-57,537	-271,339	-284,135	-363,609	-391,913	-354,183	-333,770	-128,984	-152,070	-31,151	-125,160	18,960	81,843
`14P`	254	463	331	618	508	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	97,000	-	-
`792`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,000	-	-
`691/2`	241,000	163,000	303,500	416,500	266,000	98,340	-	-	-	-	-	-	-	-	-	-	-	18,000	80,860
`6920`	-	-	-	-	-	4,340	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6921`	241,000	163,000	303,500	416,500	266,000	94,000	-	-	-	-	-	-	-	-	-	-	-	18,000	79,000
`694/7`	4,400	3,016	104,213	3,200	1,875	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`696`	4,400	3,016	4,213	3,200	1,875	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	10	9.5	9.3	6.9	6.4	7.8	6.8	6.1	5.8	-	-	-	3.3	5	4.3	4	3.9	5	4.6
Men (FTE)`1003`	-	-	-	-	-	-	-	-	-	-	-	-	2.8	4	-	-	-	-	-
Women (FTE)`1003`	-	-	-	-	-	-	-	-	-	-	-	-	0.5	1	-	-	-	-	-
Agency workers`1501`	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	-	-	1
Hours worked`1013`	16,684	14,304	15,832	12,030	11,536	12,467	11,792	10,126	10,053	-	-	-	5,343	8,561	7,434	6,902	6,479	8,840	12,236
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The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	27-07-2026	2026-00344475	PDF
31-12-2024	abbreviated format	07-07-2025	2025-00250528	PDF
31-12-2023	abbreviated format	11-07-2024	2024-00253448	PDF
31-12-2022	abbreviated format	01-08-2023	2023-00304037	PDF
31-12-2021	abbreviated format	28-07-2022	2022-20237828	PDF
31-12-2020	abbreviated format	12-07-2021	2021-34500142	PDF
31-12-2019	abbreviated format	14-07-2020	2020-30000220	PDF
31-12-2018	abbreviated format	08-07-2019	2019-30300173	PDF
31-12-2017	abbreviated format	27-07-2018	2018-38900346	PDF
31-12-2016	full format	03-07-2017	2017-28300098	PDF
31-12-2015	full format	08-07-2016	2016-30100073	PDF
31-12-2014	full format	23-06-2015	2015-20900439	PDF
31-12-2013	full format	30-07-2014	2014-37300501	PDF
31-12-2012	full format	09-07-2013	2013-28800522	PDF
31-12-2011	full format	26-07-2012	2012-36000254	PDF
31-12-2010	full format	02-08-2011	2011-37300379	PDF
31-12-2009	full format	27-07-2010	2010-34300552	PDF
31-12-2008	full format	22-07-2009	2009-44600256	PDF
31-12-2007	full format	25-07-2008	2008-46300184	PDF

Subsidies and aid

Flemish government 2025, 1 entry, €1,789 awarded, €1,789 paid

Vlaams opleidingsverlof (VOV)

€1,789

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
354,453	289,918	573,980	580,047	420,598	245,274	279,623	81,182	141,233	47,833	-10,418	-4,987	-187,065	41,776	-104,887	6,050	-113,109	42,028	146,230
265,705	225,085	425,583	430,316	311,756	199,240	251,983	49,168	114,962	28,399	-36,663	-16,653	-198,648	29,139	-113,273	2,916	-119,032	22,228	86,146
8,186	56,555	29,076	9,596	9,216	17,485	4,876	5,329	5,136	171,000	0	0	682	4,028	9,957	5,042	6,075	9,232	10,327
-5,184	-4,798	14,088	-3,478	-5,646	-1,835	2,048	-13,106	-14,783	42,139	-30,926	-8,576	-3,344	9,189	-29,795	-5,529	22,214	17,771	-
1.6m	1.4m	1.2m	856,342	412,869	111,636	-69,883	-316,989	-356,078	-470,654	-371,453	-334,791	-318,137	-96,826	-117,211	12,371	58,922	112,435	105,896
7.8%	6.8%	15.5%	13.5%	13.7%	6.8%	9.6%	2.0%	6.9%	8.5%	-72.5%	-5.9%	-32.8%	2.1%	-10.7%	0.0%	-13.4%	3.9%	8.3%
67.9%	56.3%	59.3%	52.2%	39.4%	13.6%	0.7%	-19.4%	-36.8%	-48.3%	-507.9%	-253.8%	-117.9%	-23.7%	-22.3%	-2.3%	-1.6%	32.8%	21.1%
3.36	2.38	2.56	2.14	1.63	1.11	0.92	0.75	0.56	0.49	0.16	0.28	0.45	0.82	0.83	1.03	1.15	1.47	1.29
3.36	2.38	2.56	2.14	1.63	1.11	0.92	0.75	0.56	0.49	0.16	0.28	0.35	0.79	0.67	0.94	1.11	1.25	1.22
0.47	0.78	0.69	0.92	1.54	6.37	-	-	-	-	-	-	-	-	-	-	-	2.05	3.74
15.4%	15.3%	35.8%	49.6%	62.5%	96.1%	-	-	-	-	-	-	-	-	-	-	-	15.2%	81.5%
10.4%	8.6%	21.2%	25.9%	24.7%	13.0%	25.3%	1.2%	13.3%	4.6%	-51.6%	-15.5%	-77.1%	5.0%	-20.4%	-0.7%	-26.6%	5.0%	17.2%
21.90	18.30	52.67	98.18	42.49	-	-	-	-	2.50	-0.56	-0.44	-17.29	3.49	-15.78	1.34	-23.05	5.35	16.55
64 days	105 days	72 days	65 days	96 days	137 days	105 days	150 days	100 days	223 days	604 days	133 days	74 days	77 days	141 days	99 days	143 days	89 days	78 days
56 days	91 days	80 days	61 days	93 days	126 days	71 days	148 days	96 days	367 days	139 days	42 days	33 days	28 days	92 days	115 days	115 days	22 days	75 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	11	11	11	8	7
full-time	8	8	9	6	5
part-time	3	3	2	2	2
in full-time equivalents	10.4	10	10.6	7.6	6.6
	10	9.5	9.3	6.9	6.4
On a permanent contract	11	11	11	8	7
Joined	-	4	3	1	1
Left	-	4	0	0	2
Training hours	141	504	393	220	62

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€8,186	€31,755	€29,076	€9,596	€9,216
Financial fixed assets	-	€24,800	-	-	-
	€19,851	€17,177	€12,489	€10,903	€43,771

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

2 awards · 2022

DMP2101137 - Marché de services portant sur la maintenance de la solution ORACLE installée au Forem: Maintenance de la solution Oracle installée au Forem

buyer: Office Wallon de la formation professionnelle et de l'emploiIT servicesawarded 24-01-2022€346,8351 tenderTED 93575-2022

DMP2100723 - Marché de services : Prestations de consultance en régie spécialisée dans l’assistance à la gestion de l’infrastructure "matériel et logiciel" pour la Direction Infrastructure et la Direction IT Pédagogique (DSI): CONSULTANCE REGULIERE

buyer: Office Wallon de la formation professionnelle et de l'emploiIT servicesawarded 03-01-2022€11.1m1 tenderTED 16134-2022

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MONIN

The operating result for 2025 is 23% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 43.7% to 32.0%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency67.9%

Current ratio3.36

Return on assets10.4%

Staff

Men and women

Staff cost per FTE€86,228

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €1,789 awarded, €1,789 paid

Key figures and ratios

Social balance sheet

Investments

Public contracts

Insights on MONIN

Next steps

in €m

in euro

67.9%

3.36

10.4%

€86,228