Summary
MONKEY PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €184,449 and a net result of -€43,033. Equity remains stable across the filed financial years (±2.2% per year). Its solvency ranks better than 58% of 9,660 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€184,449▼ 39.3%
2024 · €303,870
Net result
-€43,033▼ 0.5%
2024 · -€42,828
Total assets
€301,709▼ 11.5%
2024 · €340,801
Solvency
61.1%▼ 28.0pp
2024 · 89.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €46,934 in 2025 against €48,568 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€46,934
2025
Net result-€43,033
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€301,709
2025
Equity€184,449
2025
Debt€117,260
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€186,796
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-14.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency61.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.65
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€38,310-€106,196▲ 177%€73,902▼ 30.4%€86,249▲ 16.7%€91,086▲ 5.6%€17,572▼ 80.7%-€48,568-€46,934▲ 3.4%
Net result€29,438-€76,389▲ 159%€54,258within the sector's middle half▼ 29.0%€69,742within the sector's middle half▲ 28.5%€65,011within the sector's middle half▼ 6.8%€15,838within the sector's middle half▼ 75.6%-€42,828below the sector's middle half-€43,033below the sector's middle half▼ 0.5%
Equity€240,702-€317,091▲ 31.7%€345,041within the sector's middle half▲ 8.8%€368,202within the sector's middle half▲ 6.7%€397,717within the sector's middle half▲ 8.0%€376,136within the sector's middle half▼ 5.4%€303,870within the sector's middle half▼ 19.2%€184,449within the sector's middle half▼ 39.3%
Total assets€286,317-€349,064▲ 21.9%€398,487within the sector's middle half▲ 14.2%€424,365within the sector's middle half▲ 6.5%€467,717within the sector's middle half▲ 10.2%€415,901within the sector's middle half▼ 11.1%€340,801within the sector's middle half▼ 18.1%€301,709within the sector's middle half▼ 11.5%
Debt€45,615-€31,973▼ 29.9%€53,445▲ 67.2%€56,162▲ 5.1%€69,999▲ 24.6%€39,765▼ 43.2%€36,931▼ 7.1%€117,260▲ 218%
Working capital€240,578-€299,755▲ 24.6%€328,363above the sector's middle half▲ 9.5%€357,457above the sector's middle half▲ 8.9%€393,623above the sector's middle half▲ 10.1%€376,703above the sector's middle half▼ 4.3%€304,032above the sector's middle half▼ 19.3%€186,796above the sector's middle half▼ 38.6%
Solvency84.1%-90.8%▲ 6.8pp86.6%above the sector's middle half▼ 4.3pp86.8%above the sector's middle half▲ 0.2pp85.0%above the sector's middle half▼ 1.7pp90.4%above the sector's middle half▲ 5.4pp89.2%above the sector's middle half▼ 1.3pp61.1%within the sector's middle half▼ 28.0pp
Current ratio6.38-10.80▲ 4.427.23above the sector's middle half▼ 3.577.45above the sector's middle half▲ 0.236.79above the sector's middle half▼ 0.6711.11above the sector's middle half▲ 4.329.67above the sector's middle half▼ 1.442.65within the sector's middle half▼ 7.02
Return on assets (ROA)10.3%-21.9%▲ 11.6pp13.6%within the sector's middle half▼ 8.3pp16.4%within the sector's middle half▲ 2.8pp13.9%within the sector's middle half▼ 2.5pp3.8%within the sector's middle half▼ 10.1pp-12.6%below the sector's middle half▼ 16.4pp-14.3%below the sector's middle half▼ 1.7pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,709
Fixed assets
€1,480 ▼ 13.0%
Current assets
€300,228 ▼ 11.5%
Equity and liabilities €301,709
Equity
€184,449 ▼ 39.3%
Debt
€117,260 ▲ 218%
Debt's share of the balance-sheet total rises from 10.8% to 38.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-23.3%▼
2024 · -14.1%
Debt ≤ 1 year
€113,432▲
2024 · €35,066
Income taxes
€587▲
2024 · €561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,635 | €5,049 | €5,876 | €5,451 | €5,241 | €222 | €222 | = |
| Other operating charges640/8 | - | - | - | €1,167 | €112 | €115 | €179 | €128 | ▼ 28.5% |
| Gross operating margin9900 | €38,415 | €110,939 | €79,060 | €93,292 | €96,648 | €22,927 | -€48,167 | -€46,584 | ▲ 3.3% |
| Operating profit (loss)9901 | €38,310 | €106,196 | €73,902 | €86,249 | €91,086 | €17,572 | -€48,568 | -€46,934 | ▲ 3.4% |
| Financial income75/76B | - | - | - | €11,694 | €3,974 | €7,367 | €9,048 | €9,866 | ▲ 9.0% |
| Recurring financial income75 | €3,439 | €2,401 | €2,577 | €11,694 | €3,974 | €7,367 | €9,048 | €9,866 | ▲ 9.0% |
| Financial charges65/66B | - | - | - | €1,061 | €3,582 | €1,728 | €2,746 | €5,377 | ▲ 95.8% |
| Recurring financial charges65 | €1,143 | €1,425 | €849 | €1,061 | €3,582 | €1,728 | €2,746 | €5,377 | ▲ 95.8% |
| Profit (loss) for the period before taxes9903 | €40,606 | €107,173 | €75,629 | €96,883 | €91,478 | €23,210 | -€42,266 | -€42,445 | ▼ 0.4% |
| Income taxes67/77 | €11,168 | €30,784 | €21,371 | €27,140 | €26,467 | €7,373 | €561 | €587 | ▲ 4.6% |
| Profit (loss) for the period9904 | €29,438 | €76,389 | €54,258 | €69,742 | €65,011 | €15,838 | -€42,828 | -€43,033 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €29,438 | €76,389 | €54,258 | €69,742 | €65,011 | €15,838 | -€42,828 | -€43,033 | ▼ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €286,317 | €349,064 | €398,487 | €424,365 | €467,717 | €415,901 | €340,801 | €301,709 | ▼ 11.5% |
| Fixed assets21/28 | €1,018 | €18,708 | €17,381 | €11,505 | €6,055 | €1,924 | €1,702 | €1,480 | ▼ 13.0% |
| Tangible fixed assets22/27 | €1,018 | €18,708 | €17,381 | €11,505 | €6,055 | €1,924 | €1,702 | €1,480 | ▼ 13.0% |
| Land and buildings22 | - | - | - | €1,018 | €1,018 | €1,018 | €1,018 | €1,018 | = |
| Furniture and vehicles24 | - | - | - | €10,488 | €5,037 | €907 | €685 | €463 | ▼ 32.4% |
| Current assets29/58 | €285,299 | €330,355 | €381,105 | €412,859 | €461,662 | €413,977 | €339,099 | €300,228 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €118,924 | €125,371 | €104,485 | €106,144 | €45 | €18,324 | €620 | €502 | ▼ 19.0% |
| Trade receivables40 | - | - | - | - | - | - | - | €322 | - |
| Other amounts receivable41 | - | - | - | €106,144 | €45 | €18,324 | €620 | €180 | ▼ 71.0% |
| Current investments50/53 | €119,756 | €138,118 | €171,649 | €208,705 | €263,716 | €308,250 | €307,699 | €276,746 | ▼ 10.1% |
| Cash at bank and in hand54/58 | €41,422 | €61,937 | €63,330 | €91,847 | €192,836 | €82,279 | €25,160 | €17,441 | ▼ 30.7% |
| Deferred charges and accrued income490/1 | - | - | - | €6,163 | €5,066 | €5,124 | €5,620 | €5,540 | ▼ 1.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €286,317 | €349,064 | €398,487 | €424,365 | €467,717 | €415,901 | €340,801 | €301,709 | ▼ 11.5% |
| Equity10/15 | €240,702 | €317,091 | €345,041 | €368,202 | €397,717 | €376,136 | €303,870 | €184,449 | ▼ 39.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €222,102 | €298,491 | €326,441 | €349,602 | €379,117 | €357,536 | €285,270 | €204,849 | ▼ 28.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €347,742 | €379,117 | €357,536 | €285,270 | €204,849 | ▼ 28.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€39,000 | - |
| Amounts payable17/49 | €45,615 | €31,973 | €53,445 | €56,162 | €69,999 | €39,765 | €36,931 | €117,260 | ▲ 218% |
| Amounts payable within one year42/48 | €44,722 | €30,601 | €52,742 | €55,402 | €68,039 | €37,274 | €35,066 | €113,432 | ▲ 223% |
| Trade debts44 | - | €220 | €1,595 | €1,004 | €21,722 | €738 | €1,091 | €2,405 | ▲ 120% |
| Suppliers440/4 | - | - | - | €1,004 | €21,722 | €738 | €1,091 | €2,405 | ▲ 120% |
| Taxes, remuneration and social security45 | - | - | - | €32,173 | €22,267 | €5,712 | €995 | €3,449 | ▲ 247% |
| Taxes450/3 | - | - | - | €29,293 | €19,371 | €2,765 | €995 | €1,610 | ▲ 61.7% |
| Remuneration and social security454/9 | - | - | - | €2,879 | €2,896 | €2,947 | - | €1,840 | - |
| Other amounts payable47/48 | - | - | - | €22,226 | €24,049 | €30,824 | €32,980 | €107,578 | ▲ 226% |
| Accrued charges and deferred income492/3 | - | - | - | €760 | €1,961 | €2,491 | €1,864 | €3,828 | ▲ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,438 | €76,389 | €54,258 | €69,742 | €65,011 | €15,838 | -€42,828 | -€43,033 | ▼ 0.5% |
| + Depreciation and write-downs630 | - | €4,635 | €5,049 | €5,876 | €5,451 | €5,241 | €222 | €222 | = |
| Operating cash flow (approximation) | €29,438 | €81,024 | €59,307 | €75,619 | €70,462 | €21,078 | -€42,606 | -€42,811 | ▼ 0.5% |
| Investment in fixed assets (approximation) | - | -€22,326 | -€3,722 | €0 | €0 | -€1,110 | €0 | €0 | - |
| Change in cash | - | €20,514 | €1,393 | €28,516 | €100,989 | -€110,557 | -€57,119 | -€7,719 | ▲ 86.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00161824 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00211313 |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00203904 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00216419 |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20180902 |
| 31-12-2020 | micro format | 13-07-2021 | 2021-35100019 |
| 31-12-2019 | micro format | 01-07-2020 | 2020-25400319 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-50200246 |
| 31-12-2017 | micro format | 24-08-2018 | 2018-50800562 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55300087 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,971. 13,694 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.