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MONIN

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

Lifetime

19 annual accounts with figures on one time axis
peak €4.3m (2025)
€4.3m▲ 8.1%
lowest -€204,786 (2013)
€245,854▲ 18.3%
peak €1.6m (2025)
€1.6m▲ 17.8%
€754,542▼ 28.4%
peak 10 FTE (2025)
10 FTE▲ 5.3%
Board7 names since 2016
3 directorsDE WIT Josephus and 2 others
Owners5 names in the annual accounts
80%Hestia and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Gross margin from €987,863 to €1.2mEquity from €1.4m to €1.6mDebts from €1.1m to €754,542

Key points

from the 2025 annual accounts

Equity

€1.6m ▲ 17.8%

MONIN has made a profit without a break since 2016.

Payment terms

56 days to suppliers
Suppliers
91 to 56
Customers
105 to 64

MONIN pays its suppliers 35 days earlier than in 2024. Customers pay 41 days earlier.

Liquidity

3.36 was 2.38 in 2024

Short-term debts fell from €985,538 to €682,945.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

The 2022 accounts came 1 day late. The other nine of the last ten were filed on time.

Position in the sector

€1.2m

Higher gross margin than 81% of companies in publishing. Sector median €366,580 · 146 companies.

Checked score

95
Excellent
Financially stronger than 62% of small companies in publishing (NACE 58)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 109 companies (NACE 58, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025highest value 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.2%▼ -0.2 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

93+12equity 67.9% of total assets
39+7short-term debt 29.0% · cash 0.5%
72+3return on assets 10.4%

Score breakdown

raises risk
Liquidity: current ratio 3.36, cash €12,377
lowers risk
Profit of €245,854 (financial year 2025)
Equity €1.6m (67.9% of total assets)
Founded in 2006
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 58, small). It does better than 79% of them on solvency, 36% on liquidity, 60% on profitability and 73% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as MONIN has now. Each dot stands for 51 companies, two years later.

95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of MONIN itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 companies, not a prediction for MONIN. 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.

Credit verdict

Credit of up to €150,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.36 (2.38 in 2024), above the usual 1.5. Short-term debt is 29% and cash 0.5% of total assets. 32.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Profit of €245,854 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €1.6m (67.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 3.36, cash €12,377
NBB · annual accounts
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
24 days early
2023
20 days early
2022
1 day late
2021
3 days early
2020
19 days early
2019
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DC
De Cronos Groep
Managing director, DEROOST Dirk
DW
DE WIT Josephus
Managing director
UG
Uptime Group NV
Director, Rita Verreydt, since 14-06-2022
KB
KPMG Bedrijfsrevisoren BV
Auditor, Filip De Bock
  • Hestia 80%score 54equity -€114,770 (2025) · annual accounts 2025

Shares in 1 company, HIEDA

Board & ownership

Recent changes

Permanent representatives: Sam Bambust, Rita Verreydt and Dirk Deroost General meeting of 30-09-2024 · Gazette deed
Registered office moved within Edegem New registered office: Prins Boudewijnlaan 43 te 2650 Edegem · Previous registered office: Prins Boudewijnlaan 41, 2650 Edegem · Resignation: Hestia NV (director) · Board meeting of 18-03-2024 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor) General meeting of 12-06-2023 · Gazette deed
2 directors appointed DE WIT Josephus (managing director) and Cronos Groep NV (managing director) · Permanent representative: DEROOST Dirk · “Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten…” (deed in Dutch) · Board meeting of 08-05-2023 · Gazette deed
All 36 events

Comparable companies

same main activity, similar in size and age
Company
MONIN Edegem €4.3m 7.8% 67.9% 10
FUSIONIT Antwerp - - 29.4% 7.1
AMOOBI Nivelles - - 48.4% 11.3
Hybrid Software Merelbeke-Melle €4.9m 4.6% 44.6% 12.1
MangoGem Waterloo - - 47.3% 10.6
CLICKWORKS Antwerp - - 51.3% 7.9
Transoft Solutions (Belgium) Etterbeek - - 41.4% 6.4
-10%0%10%20%€2,000€20,000€200,000€2m€20m€200mMONINEBIT margin

Grey: the largest companies of the sector (publishing (NACE 58)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as MONIN: other software publishing (NACE 58290). They are comparable in size and age: total assets between €1.6m and €3.5m, founded between 2002 and 2011.

Official details

Source: KBO
Status
Active since 13-03-2006Normal situation
Registered office
16 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
Other software publishingNACE 58290and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.152.747.4272650 Edegem, since 01-04-2006
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€4.3m▲ 8.1%
€245,854▲ 18.3%
€1.6m▲ 17.8%
€2.4m▼ 2.4%
Employeeson 31-12-2025
11=
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Companies linked to MONIN

Insights on MONIN

MONIN has existed since 2006. In 2016 turnover rose from €15,839 to €558,357.

Solvency rose in 2025 from 56.3% to 67.9% because of the retained profit and lower debts.

Hestia holds 80% of the shares. In May 2023, the Official Gazette published the appointment of DE WIT Josephus as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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 Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 2.4m2.4m1.9m1.6m1.1m1.2m845,8261.1m598,750620,98073,137131,479265,751458,628591,301456,987474,384361,115475,740
21/28 58,03669,70031,22914,64215,94951,07276,205109,510140,553170,905-1,0684,82810,28312,3109,99910,86411,8756,894
21 -----34,10568,305102,505136,705170,905------1374748
22/27 33,23644,90031,22914,64215,94916,9677,9007,0053,848--1,0684,82810,28312,3109,99910,86311,5016,146
23 21,66329,04321,89014,64215,94916,9677,9007,0053,848--7242,8976,5396,7516,5269,68911,5016,146
24 5,2527,474---------1881,4682,8324,1971,661---
26 6,3218,3849,339--------1554639121,3621,8121,173--
28 24,80024,800-----------------
29/58 2.3m2.3m1.9m1.6m1.1m1.1m769,621960,000458,197450,07573,137130,411260,923448,345578,991446,988463,520349,240468,847
3 ------------60,02020,155111,30538,04716,11353,50124,485
30/36 ------------9,27320,15517,19510,48916,11333,02224,485
34 ------------9,27320,15517,19510,48916,11333,02224,485
37 ------------50,747-94,11027,558-20,479-
40/41 2.3m2.3m1.9m1.6m1.0m1.1m740,363929,132423,820404,17369,86596,179156,346361,357409,097335,465350,324237,573397,529
40 754,0611.2m711,475749,412726,9061.1m719,074929,111423,306341,34426,22953,794120,163361,074407,505325,535350,324237,573366,339
41 1.5m1.1m1.2m831,834316,6589321,2892151462,82943,63642,38536,1832831,5929,930--31,190
54/58 12,37717,56122,3608,27211,74917,39519,23117,18330,28945,0712,93233,85842,43445,77836,58966,38471,91349,69931,928
490/1 25,38330,47714,40215,60115,7917,51110,02713,6854,0888313393742,12421,05522,0007,09225,1718,46714,905
Balance sheet: equity and liabilities
10/49 2.4m2.4m1.9m1.6m1.1m1.2m845,8261.1m598,750620,98073,137131,479265,751458,628591,301456,987474,384361,115475,740
10/15 1.6m1.4m1.2m845,031428,818162,7086,323-207,479-220,275-299,749-371,453-333,723-313,310-108,524-131,610-10,691-7,700118,420100,443
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00018,60018,60018,60018,60018,60018,60018,60018,60018,600
10 62,00062,00062,00062,00062,000--------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00018,60018,60018,60018,60018,60018,60018,60018,60018,600
13 1.5m1.3m1.1m782,700366,200100,2001,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,86098,86080,860
130/1 6,2006,2006,2006,2006,2006,200-------------
130 6,2006,2006,2006,2006,2006,2001,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
132 147,350147,350105,250----------------
133 1.4m1.1m980,000776,500360,00094,000-----------97,00079,000
14 709254463331618508-57,537-271,339-284,135-363,609-391,913-354,183-333,770-128,984-152,070-31,151-28,160960983
16 682------------------
160/5 682------------------
160 682------------------
17/49 754,5421.1m791,427774,730658,2361.0m839,5041.3m819,025920,729444,590465,202579,061567,152722,911467,678482,084242,696375,298
42/48 682,945985,538746,778748,777658,2361.0m839,5041.3m814,275920,729444,590465,202579,061545,171696,202434,617404,599236,805362,951
44 478,623756,460507,996518,790482,142778,752351,116732,430262,867510,5649,59012,20260,044102,926247,758332,810260,60645,630258,816
440/4 478,623756,460507,996518,790482,142778,752351,116732,430262,867510,5649,59012,20260,044102,926247,758332,810260,60645,630258,816
46 ------------68,808-121,86426,358-8,440-
45 199,922226,061209,282226,500174,219110,30156,38255,03679,257---5,20839,24525,37118,44936,24396,98571,385
450/3 75,159132,96094,404143,73897,45141,5434,2166,09728,915----7,827--26,18471,71954,094
454/9 124,76493,101114,87882,76176,76868,75752,16648,93950,341---5,20831,41825,37118,44910,05925,26617,291
47/48 4,4003,01629,5003,4881,875147,115432,006489,522472,151410,165435,000453,000445,000403,000301,20957,000107,75085,75032,750
492/3 71,59768,34644,65025,953----4,750----21,98126,70933,06177,4855,89112,347
Income statement
70/76A ---------558,35715,85456,568691,3301.6m1.2m1.2m880,7661.0m1.7m
70 4.3m4.0m3.6m4.2m2.8m3.0m2.5m2.3m1.5m558,35715,839147,510589,8501.7m1.1m1.2m897,169974,8301.7m
71 ------------92,78392,783-127,56097,24030,321-22,97922,979-
76A 1,053----29----3,573----4759080-
9900 1.2m987,8631.3m1.1m882,097740,624721,062460,558557,260----------
60/66A ---------510,61827,34065,315884,5331.6m1.3m1.2m1.0m968,7671.6m
60/61 3.1m3.0m2.3m3.1m1.9m2.3m1.8m1.8m994,903----------
60 ---------426,64316,780105,592492,0011.1m706,951702,182674,061604,324911,928
600/8 ---------426,64316,780123,440474,1541.1m717,955696,559657,152612,862936,412
609 ------------17,84717,847-1,339-11,0045,62316,910-8,538-24,485
61 ---------81,4418,419339176,562275,142274,000357,665155,903137,981350,339
62 862,278692,611731,807525,336458,503492,343438,956375,862412,75927--3,429165,342251,374253,419166,692165,290218,224311,341
630 19,85117,17712,48910,90343,77142,85438,18136,37235,488951,0683,7606,1386,0547,6465,9077,0874,2504,303
631/4 682-----------42,03642,036-37,74834,9862,763-2,5012,501-
640/8 4,0315,1314,42438,7932,9283,0072,4833,5153,2682,4121,0741,0892,4541,4671,4771,2771,1221,4862,095
66A 1,105203--68-----10,843--------
9901 334,602272,740561,492569,144376,827202,419241,44244,809105,74547,738-11,486-8,747-193,20335,722-112,533143-120,19637,778141,927
75/76B 22,63930,45618,1982,617120261-0-17366822331373,3313,257
75 22,63930,45618,1982,617120261-0-17366822331373,3313,257
750 -----------668-2-3---
751 ----------------303,3313,257
752/9 ----------17312-3-108-0
65/66B 16,18815,84610,8985,9089,89814,54325,54629,18325,27119,43419,13512,33511,53812,6388,4305,0506,1308,2199,138
65 16,18815,84610,8985,9089,89814,54325,54629,18325,27119,43419,13512,33511,53812,6388,4305,0506,1308,2199,138
650 ---------19,10518,55511,24310,82211,9806,6454,5114,9087,8518,833
652/9 ---------3295811,0917156581,7855391,221368305
9903 341,053287,350568,792565,853367,048187,903215,89715,62680,47428,304-37,718-20,413-204,73923,086-120,960-4,429-126,09932,970136,046
67/77 95,19979,442155,698146,44099,06331,5172,0952,8301,000-13-471-41-1,4382114,99354,204
670/3 ----------13-47112832114,99354,204
77 --------------421,721---
9904 245,854207,908413,094419,413267,985156,385213,80212,79679,47428,304-37,731-20,413-204,78623,086-120,919-2,991-126,12017,97781,843
689 -42,100105,250----------------
9905 245,854165,808307,844419,413267,985156,385213,80212,79679,47428,304-37,731-20,413-204,78623,086-120,919-2,991-126,12017,97781,843
Appropriation of the result
9906 246,109166,271308,175420,031268,49398,848-57,537-271,339-284,135-363,609-391,913-354,183-333,770-128,984-152,070-31,151-125,16018,96081,843
14P 254463331618508--------------
791/2 --100,000-------------97,000--
792 ----------------97,000--
691/2 241,000163,000303,500416,500266,00098,340-----------18,00080,860
6920 -----4,340------------1,860
6921 241,000163,000303,500416,500266,00094,000-----------18,00079,000
694/7 4,4003,016104,2133,2001,875--------------
694 --100,000----------------
696 4,4003,0164,2133,2001,875--------------
Social balance sheet
9087 109.59.36.96.47.86.86.15.8---3.354.343.954.6
Men (FTE)1003 ------------2.84-----
Women (FTE)1003 ------------0.51-----
Agency workers1501 -------------111--1
Hours worked1013 16,68414,30415,83212,03011,53612,46711,79210,12610,053---5,3438,5617,4346,9026,4798,84012,236
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

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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
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
354,453289,918573,980580,047420,598245,274279,62381,182141,23347,833-10,418-4,987-187,06541,776-104,8876,050-113,10942,028146,230
265,705225,085425,583430,316311,756199,240251,98349,168114,96228,399-36,663-16,653-198,64829,139-113,2732,916-119,03222,22886,146
8,18656,55529,0769,5969,21617,4854,8765,3295,136171,000006824,0289,9575,0426,0759,23210,327
-5,184-4,79814,088-3,478-5,646-1,8352,048-13,106-14,78342,139-30,926-8,576-3,3449,189-29,795-5,52922,21417,771-
1.6m1.4m1.2m856,342412,869111,636-69,883-316,989-356,078-470,654-371,453-334,791-318,137-96,826-117,21112,37158,922112,435105,896
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%
3.362.382.562.141.631.110.920.750.560.490.160.280.450.820.831.031.151.471.29
3.362.382.562.141.631.110.920.750.560.490.160.280.350.790.670.941.111.251.22
0.470.780.690.921.546.37-----------2.053.74
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%
21.9018.3052.6798.1842.49----2.50-0.56-0.44-17.293.49-15.781.34-23.055.3516.55
64 days105 days72 days65 days96 days137 days105 days150 days100 days223 days604 days133 days74 days77 days141 days99 days143 days89 days78 days
56 days91 days80 days61 days93 days126 days71 days148 days96 days367 days139 days42 days33 days28 days92 days115 days115 days22 days75 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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date11111187
full-time88965
part-time33222
in full-time equivalents10.41010.67.66.6
109.59.36.96.4
On a permanent contract11111187
Joined-4311
Left-4002
Training hours14150439322062

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

Investments

fixed assets acquired
Item20252024202320222021
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.

Board & ownership

Board

3 directors, 2 in day-to-day management, 1 auditor, last change in 2024
De Cronos Groep NV
Director and managing director, permanent representative DEROOST Dirk
director current term since 14-06-2022 managing director appointed by deed of 31-05-2023 term until 12-06-2028
also on the board of 402 other companies
listed in the 2025 annual accounts, filed on 27-07-2026
DE WIT Josephus
Director and managing director
director since 14-06-2022 managing director appointed by deed of 31-05-2023 term until 12-06-2028
listed in the 2025 annual accounts, filed on 27-07-2026
Uptime Group NV
Director, permanent representative Rita Verreydt
since 14-06-2022 term until 12-06-2028
listed in the 2025 annual accounts, filed on 27-07-2026
KPMG Bedrijfsrevisoren BV
Statutory auditor, permanent representative Filip De Bock
appointed by deed of 03-12-2020
De Cronos Groep, DE WIT Josephus
Permanent representatives 2
DEROOST Dirk
Permanent representative, for De Cronos Groep
appointed by deed of 08-01-2020
Rita Verreydt
Permanent representative, for Uptime Group NV
in office according to the deed of 13-10-2022

Office holders in the KBO →

Mandates through the years

7 names, the dashed line is today
DE WIT Josephus
Director, Managing director
Uptime Group NV
Director
De Cronos Groep
Director, Managing director
KPMG Bedrijfsrevisoren BV
Statutory auditor
Hestia NV
Director
Ernst & Young Bedrijfsrevisoren
Statutory auditor
Rita Verreydt
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • DE WIT Josephus
    • Director, from 09-12-2016 to date
    • Managing director, appointed by deed of 31-05-2023, still in office
  • Uptime Group NV
    • Director, from 09-12-2016 to date
  • De Cronos Groep
    • Director, appointed by deed of 08-01-2020, still in office
    • Managing director, appointed by deed of 31-05-2023, still in office
  • KPMG Bedrijfsrevisoren BV
    • Statutory auditor, from 28-09-2020 to date
  • Hestia NV
    • Director, from 01-09-2017, ended, last mentioned on 13-10-2022
    • Director, until 20-03-2024
  • Ernst & Young Bedrijfsrevisoren
    • Statutory auditor, appointed by deed of 08-01-2020, until 08-01-2020
  • Rita Verreydt
    • Director, until 09-10-2019

See the board, name and registered office on a given date →

Control

Parent
Hestia
Equity -€114,770
Profit €73,765 in 2025 (profit €2,860 in 2024)
Checked score 54
Source: own accounts 2025
80%
This company
MONIN
Equity €1.6m
Profit €245,854 in 2025

Further up the chainUPTIME GROUP 93%De Cronos Groep 80%Nuclys 95.22%

Capital

Capital
€62,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Hestia
80%
80%
De Cronos Groep
consolidates
consolidates
UPTIME GROUP
100%
100% until 2016
Nuclys
consolidates
consolidates until 2016
UPTIME TECHNOLOGIES
99.95% until 2006
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 31-05-2023 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
At least 3 directors
Term of at most 6 years

Network & group

Holdings

own 2025 accounts
This companyMONIN1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE HIEDA40%no longer active -€146,663 result -€8,830

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Part of the group Nuclys Group, risk and exposure

Parent

Hestia
0895.216.166 · 80% of the shares · equity -€114,770 · profit €73,765 (2025)
Checked score 54

At the same address

Prins Boudewijnlaan 43, 2650 Edegem · 15 other companies
CANON BELGIUM
establishment since 15-08-1988 · founded in 1978
 433 FTE (2024)
0418.025.260
CONTRIBUTE
registered office since 01-01-2010 · founded in 2009 · group Nuclys
 19 FTE (2025)
0822.025.609
SWISSLOG
registered office since 06-07-1990 · founded in 1990
 12 FTE (2025)
0440.768.592
Contribute Group
registered office since 15-06-2007 · founded in 2007 · group Nuclys
 turnover €8.3m (2025)
0890.204.632
Exitas
registered office since 01-02-2014 · founded in 2014 · group Nuclys
 23 FTE (2025)
0544.808.121
Fieldside
registered office since 11-12-2019 · founded in 2019 · group Nuclys
 9.2 FTE (2025)
0738.974.308
Tripwire Solutions
registered office since 26-04-2018 · founded in 2018 · group Nuclys
 14 FTE (2025)
0695.503.262
CraftCode
registered office since 01-07-2024 · founded in 2024 · group Nuclys
 13 FTE (2025)
1011.008.828
EqualMinds
registered office since 22-06-2005 · founded in 2005 · group Nuclys
 9 FTE (2025)
0873.332.471
Rijn Schelde Mondia
registered office since 01-09-1961 · founded in 1968
 2.1 FTE (2025)
0404.793.767
and 5 more

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2024 to 2025
Holdings through the years
Name20242025
HIEDA 40%

Source: list of holdings in its own accounts

Connections & network

3 current directors
Depth

The network lets you explore the ties of MONIN.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

36 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 4 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 24 days before the deadline
2024
Permanent representatives: Sam Bambust, Rita Verreydt and Dirk DeroostGeneral meeting of 30-09-20244 points ▸
  • General meeting, 30-09-2024
  • Permanent representative, Sam Bambust
  • Permanent representative, Rita Verreydt
  • Permanent representative, Dirk Deroost

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 20 days before the deadline
Registered office moved within EdegemNew registered office: Prins Boudewijnlaan 43 te 2650 Edegem · Previous registered office: Prins Boudewijnlaan 41, 2650 Edegem · Resignation: Hestia NV (director) · Board meeting of 18-03-20245 points ▸
  • Board meeting, 18-03-2024
  • Registered-office move, Prins Boudewijnlaan 43 te 2650 Edegem
  • General meeting, 18-03-2024
  • Director resignation, Hestia NV
  • Permanent representative, Nicolas Geudens
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2023
Equity above €1m equity €1.2m ▲36.6% After 8 profitable years in a row, equity reaches €1.2m.
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)General meeting of 12-06-20232 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 1 day late
2 directors appointedDE WIT Josephus (managing director) and Cronos Groep NV (managing director) · Permanent representative: DEROOST Dirk · “Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten…” (deed in Dutch) · Board meeting of 08-05-20234 points ▸
  • Board meeting, 08-05-2023
  • Director appointment, DE WIT Josephus (managing director)
  • Director appointment, Cronos Groep NV (managing director)
  • Permanent representative, DEROOST Dirk
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2022
Highest result from 2007 to 2025 net €419,413 ▲56.5% The operating result of €569,144 and the net result of €419,413 are both a record.
Equity above €500,000 equity €845,031 ▲97.1% After 7 profitable years in a row, equity reaches €845,031.
4 directors reappointedJosephus de Wit, De Cronos Groep NV, Uptime Group NV and Hestia NV · Permanent representatives: Dirk Deroost, Rita Verreydt and Nicolas Geudens · General meeting of 13-06-20228 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Equity above €200,000 equity €428,818 ▲164% After 6 profitable years in a row, equity reaches €428,818.
Annual accounts 2020 filed PDFabbreviated format · 19 days before the deadline
2020
Equity above €150,000 equity €162,708 ▲2,473% After 5 profitable years in a row, equity reaches €162,708.
New statutory auditorKPMG Bedrijfsrevisoren CVBA appointed, EY bedrijfsrevisoren BV resigned · Permanent representatives: Filip De Bock and Dirk Deroost · Director discharge: EY bedrijfsrevisoren BV (statutory auditor) · General meeting of 28-09-20206 points ▸
  • General meeting, 28-09-2020
  • Auditor resignation, EY bedrijfsrevisoren BV (statutory auditor)
  • Director discharge, EY bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Filip De Bock
  • Permanent representative, Dirk Deroost

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 17 days before the deadline
1 director appointed, 1 resignation, 1 statutory auditor reappointedReappointment: ERNST & YOUNG BEDRIJFSREVISOREN (statutory auditor) · Appointment: De Cronos Groep NV · Permanent representatives: Dirk Deroost and Rita Verreydt · General meeting of 09-10-20197 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFabbreviated format · 23 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 4 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 28 days before the deadline
2016
Back to profit net €28,304 The net result is €28,304, after 3 loss-making years.
Annual accounts 2015 filed PDFfull format · 23 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 38 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 1 day before the deadline
2013
Weakest financial year net -€204,786 The net result drops to -€204,786, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFfull format · 22 days before the deadline
2012
Back to profit net €23,086 The net result is €23,086, after 3 loss-making years.
Annual accounts 2011 filed PDFfull format · 5 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 2 days late
2010
Annual accounts 2009 filed PDFfull format · 4 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 9 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 6 days before the deadline
2006
First establishment Prins Boudewijnlaan 43, Edegem
Incorporation PDFpublished on 23-03-2006

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MONIN was incorporated on 13 March 2006.1 The registered office was moved to Edegem in 2024.2 Turnover grew from €2.3m in 2018 to €4.3m in 2025 and headcount from 6.1 to 10 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-05-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0879.917.484
VAT number
BE 0879.917.484
Peppol ID
0208:0879917484
Other Peppol ID
9925:BE0879917484
Legal form
Public limited company
Status
Active, normal situation
Founded
13-03-2006
Financial year
ends on 31 December
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
MONIN in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
58290 Other software publishing main activity
Social security (RSZ) activities
62100 Computer programming main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
58290 Publishing activities main activity
Social security (RSZ) activities
62010 Computer programming, consultancy and related activities main activity
Codes under NACEBEL 2003
VAT activities
72210 main activity
Social security (RSZ) activities
72210 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse…”
10 activities
  1. Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid,voor eigen rekening of voor rekening van derden,alsook het waarnemen van het beheer,het bestuur,de controle en de ontwikkeling van deze participaties. De vennootschap zal met name belangen mogen nemen door middel van inbreng,opslorping,fusie,deelneming of op elke andere wijze in vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
  2. De vennootschap zal haar fondsen kunnen aanwenden om een portefeuille,die onder meer kan bestaan uit alle al dan niet verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen en alle roerende goederen en rechten,te vormen,te beheren,te valoriseren en/of te vereffenen. Dit houdt onder meer in dat zij kan overgaan tot het aankopen,onderschrijven,beheren,verkopen,omruilen voor eigen rekening van waardepapieren en effecten allerlei van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
  3. De vennootschap kan deelnemen in de oprichting van vennootschappen en verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en de ontwikkeling ervan plannen en coördineren.
  4. Het beheren van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid,wat ook hun voorwerp moge zijn,onder meer door het waarnemen van het mandaat van bestuurder,vereffenaar of enige andere functie; door het deelnemen in de organisatie,herstructurering of leiding; door het verwerven,beheren of valoriseren van octrooien,merken en licenties of andere intellectuele rechten.
  5. Het verlenen van diensten of prestaties op technisch,commercieel,juridisch en financieel gebied; onder meer het verstrekken van advies inzake bedrijfsbeheer,management en in het algemeen consultancy,dit alles in de breedste zin.
  6. Selectie en werving.
  7. Het op productieve wijze verwerven,beheren,verkopen van roerende en onroerende,materiële of immateriële goederen,zonder dat de vennootschap hierbij aan vermogensbeheer of beleggingsadvies doet en wat de verrichtingen met onroerende goederen betreft met uitsluiting van de handelingen van vastgoedhandelaar.
  8. Het bemiddelen,in opdracht van derden,van overeenkomsten of diensten; het aanbrengen van zaken,cliënten,financiers of anderen in de breedste zin. Hieronder kunnen worden begrepen alle transacties of handelingen die kaderen in een commissie-,agentuur-,distributie-,concessie- of lastgevingovereenkomst of enige andere overeenkomst waarbij de vennootschap als tussenpersoon,aanbrenger of distributeur optreedt.
  9. Het verstrekken van leningen en kredieten in de breedste zin aan vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en aan particulieren,alsook het stellen van alle commerciële en financiële verrichtingen,met uitzondering van die transacties die wettelijk zijn voorbehouden aan banken en andere financiële instellingen; het stellen van persoonlijke en zakelijke zekerheden ten behoeve van derden,steeds rekening houdende met de bepalingen van het vennootschapsrecht.
  10. Het verlenen van diensten rond opleidingen alsook de organisatie van conferenties,seminaries,opleidingen in de meest ruime zin van het woord,dit zowel voor eigen rekening als voor rekening van derden; bijkomend tevens het verzorgen,verstrekken en organiseren van lessen en opleidingen in alle mogelijke vakgebieden aan personeel en derden,dit zowel voor privépersonen,voor ondernemingen,voor scholen,voor overheidsinstellingen als voor parastatalen en meer algemeen,coaching ten behoeve van derden,particulieren en ondernemingen in de meest ruime zin van het woord.
deed of 31-05-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Prins Boudewijnlaan 43 registered office 2650 Edegem 4324004 Other construction installation 01-04-2006 2.152.747.427

Buildings and parcels at the address

Ground area
1.5 ha
Buildings
2,170 m²
Volume, LiDAR
22,610 m³
Tallest building
15.6 m
Buildings to scale, each on its own parcel
2,170 m², 15.6 m 2,170 m², 15.6 m

Location

registered office establishment The establishment unit on the map
16 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11472C0421/00F0001.5 ha 1 · 2,170 m² 15.6 m · 3

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