MONITOR
ActiveSummary
MONITOR has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,224 and a net result of -€57,588. Equity has been stable since 2018 (±1.8% per year). Its solvency ranks better than 49% of 376 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-09-1999 Normal situation
- Activity
- Employment placement agencies NACE 78100and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2024
- Establishment unit
- 2.126.517.142 2110 Wijnegem, since 25-03-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 29-10-2025
Board and ownership
- Danny Maria Monique RomboutsDirector · since 30-06-2003
- MispelDirector · since 23-12-2023 · permanent representative Isabelle Joseph Maria Vermeulen
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €664,574
- ▼ 9.8%
- Turnover
- ≈ €1.6m
- estimated
- Loss
- €57,588
- Equity
- €206,224
- ▼ 21.8%
- Total assets
- €889,130
- ▼ 11.0%
- Employees on 31-12-2025
- 9
- ▼ 25.0%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLoss of €57,588 (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 accounts lateSize: 9.8 FTE, total assets €889,130lowers riskLiquidity: current ratio 1.21, cash €164,802Show the evidence
Checked score
About 1 in 100 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 78, micro). It does better than 34% of them on solvency, 41% on liquidity, 20% on profitability and 25% on growth.
The bankruptcy probability was computed on 01-11-2026 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 28 days after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated 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, 2026-00472793.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 23 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €36,432, after a profit of €16,180 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Employment activities (NACE 78). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 10 | 11 | 12 | 9 |
| full-time | 8 | 5 | 4 | 7 | 5 |
| part-time | 3 | 5 | 7 | 5 | 4 |
| in full-time equivalents | 10.5 | 9.1 | 9.9 | 11.2 | 8 |
| Average over the year, in full-time equivalents | 9.5 | 8.8 | 10.1 | 10.8 | 9.8 |
| On a permanent contract | 11 | 10 | 11 | 12 | 9 |
| Joined | - | 20 | 1 | 13 | 4 |
| Left | - | 21 | 0 | 12 | 7 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €309,150 | €41,947 | €11,066 | €17,423 | €38,062 |
| Depreciation and write-downs of the year | €61,494 | €65,204 | €58,228 | €47,144 | €39,784 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €29,437 awarded · €29,437 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €5,581 | €5,581 |
| 2024 | 2 | €16,361 | €16,361 |
| 2023 | 2 | €7,255 | €7,255 |
| 2022 | 1 | €240 | €240 |
Public contracts
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.
Comparable companies
These companies have the same main activity as MONITOR: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €623,000 and €1.2m, founded between 1995 and 2004.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| MONITOR Wijnegem | 1999 | €0.9m | €0.2m | €0.7m | - | -€0.06m | 9.8 | 2025 |
| Goelen & Gaukema HR Partners Vosselaar | 1995 | €0.6m | €0.2m | €0.9m | - | €0.1m | 7.7 | 2025 |
| MAGRACON Ravels | 2000 | €0.6m | €0.5m | €1.1m | - | €0.01m | 13.2 | 2025 |
| TALOGY (BELGIUM) Brussel | 2000 | €1.2m | -€0.5m | €0.9m | - | €0.2m | 7.3 | 2025 |
| AGENCE LOCALE POUR L'EMPLOI D'ANDENNE Andenne | 1995 | €0.8m | €0.7m | €0.4m | - | €0.06m | 8.3 | 2024 |
| CAREERS INTERNATIONAL Elsene | 2004 | €1.0m | €0.4m | €1.1m | - | €0.1m | 13.2 | 2025 |
| Agence locale pour l'Emploi de Tubize Tubize | 1995 | €0.9m | €0.8m | €0.6m | €0.6m | €0.006m | 18.6 | 2025 |
They were chosen from the 1,382 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,450 companies had the same profile as MONITOR has now. Two years later, 1.5% had gone bankrupt and 93.3% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MONITOR itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,445 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 2,450 companies, not a prediction for MONITOR. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.004m | - | €0.003m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.06m | €0.06m | €0.06m | €0.07m | €0.06m | €0.05m | €0.04m | ▼ 15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.03m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.004m | €0.006m | €0.007m | €0.008m | ▲ 12.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.006m | - |
| Gross operating margin9900 | €1.0m | €0.9m | €0.5m | €0.7m | €0.6m | €0.8m | €0.7m | €0.7m | ▼ 9.8% |
| Operating profit (loss)9901 | €0.2m | €0.1m | -€0.01m | €0.04m | €0.04m | €0.06m | €0.02m | -€0.04m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.005m | €0.009m | €0.001m | €0.002m | ▲ 96.3% |
| Recurring financial income75 | €0.01m | €0.002m | €0.002m | €0.01m | €0.005m | €0.009m | €0.001m | €0.002m | ▲ 96.3% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 9.1% |
| Recurring financial charges65 | €0.01m | €0.008m | €0.007m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | -€0.02m | €0.04m | €0.03m | €0.05m | €0.002m | -€0.05m | - |
| Income taxes67/77 | €0.07m | €0.05m | €0.01m | €0.01m | €0.003m | €0.02m | €0.001m | €0.01m | ▲ 13× |
| Profit (loss) for the period9904 | €0.1m | €0.08m | -€0.03m | €0.02m | €0.03m | €0.03m | €0.002m | -€0.06m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.08m | €0.003m | €0.02m | €0.03m | €0.03m | €0.002m | -€0.06m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 11.0% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 9.7% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 9.7% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €492 | €0.002m | €0.002m | €0.002m | = |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.08m | €0.06m | €0.05m | €0.04m | ▼ 26.5% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 12.0% |
| Amounts receivable within one year40/41 | €0.5m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 4.8% |
| Trade receivables40 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.8% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.02m | €0.01m | €0.02m | €0.01m | ▼ 52.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 22.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.003m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 11.0% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 21.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€0.06m | - |
| Provisions and deferred taxes16 | €0.03m | €0.03m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.7m | €0.6m | €0.6m | €0.9m | €0.9m | €0.7m | €0.7m | €0.7m | ▼ 7.2% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 17.8% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 17.8% |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.9% |
| Trade debts44 | €0.2m | €0.07m | €0.1m | €0.08m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 17.3% |
| Suppliers440/4 | - | - | - | €0.08m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 17.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.06m | €0.1m | €0.09m | ▼ 18.3% |
| Taxes450/3 | - | - | - | €0.06m | €0.08m | €0.05m | €0.07m | €0.05m | ▼ 17.8% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.03m | €0.01m | €0.04m | €0.03m | ▼ 19.0% |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.1m | €0.09m | €0.07m | €0.07m | ▼ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,093 | €80,033 | -€28,062 | €23,242 | €29,155 | €30,316 | €1,669 | -€57,588 | - |
| + Depreciation and write-downs630 | €66,808 | €63,979 | €55,881 | €61,494 | €65,204 | €58,228 | €47,144 | €39,784 | ▼ 15.6% |
| Operating cash flow (approximation) | €209,901 | €144,012 | €27,819 | €84,736 | €94,360 | €88,544 | €48,813 | -€17,804 | - |
| Investment in fixed assets (approximation) | - | -€61,299 | -€39,281 | -€309,150 | -€41,947 | -€4,368 | -€17,423 | €1,381 | - |
| Change in cash | - | €78,085 | -€22,787 | -€36,241 | -€21,160 | €30,624 | -€30,733 | -€48,498 | ▼ 57.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00472793 | NBB |
| 31-12-2024 | abbreviated format | 14-08-2025 | 2025-00377029 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00425921 | |
| 31-12-2022 | abbreviated format | 16-08-2023 | 2023-00330576 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20398931 | |
| 31-12-2020 | abbreviated format | 13-08-2021 | 2021-48500012 | |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-57300195 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-50500392 | |
| 31-12-2017 | abbreviated format | 14-08-2018 | 2018-45700343 | |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-43200115 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Capital transactions
- 28-12-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Danny Maria Monique Rombouts |
|
| Mispel |
|
| Isabelle Joseph Maria Vermeulen |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bij gebrek aan bepaling mandaat geacht van onbepaalde duur, algemene vergadering die bestuurder(s)benoemt bepaalt aantal,duur opdracht…”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
MONITOR shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of MONITOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Registered office moved within WijnegemResignations: Danny Maria Monique Rombouts, Isabelle Joseph Maria Vermeulen and MISPEL · Reappointments: Danny Maria Monique Rombouts (director) and MISPEL (director) · Permanent representative: Isabelle Joseph Maria Vermeulen18 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “statuten aanpassen aan WVV en rechtsvorm behouden, besloten vennootschap(afgekort BV)behouden” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Registered-office move, 2110 Wijnegem,Stokerijstraat 25 D01
- Purpose change
- Amendment of the articles
- Other provision, “onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Kind of shares, “op naam”, 200 (deed in Dutch)
- Director resignation, Danny Maria Monique Rombouts (manager)
- Director resignation, Isabelle Joseph Maria Vermeulen (manager)
- Director resignation, MISPEL (manager)
- Director reappointment, Danny Maria Monique Rombouts (director (not named in the articles))
- The act holds 6 more points.
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
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11050B0295/00W003 | Flanders | 2.0 ha | 1 · 272 m² | 19.4 m · 6 |
| 11050B0254/00C005 | Flanders | 3,117 m² | 1 · 14 m² | 18.3 m · 5 |