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MONNAIE

Active
Public limited companyfounded 198937 yrs activeQuai du Pont Canal(S-B) 3, 7110 La Louvière, BelgiumKBO/BCE: BE 0437.908.181
Summary

MONNAIE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.5m and a net result of €908,912. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 2393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MONNAIEActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Specialised construction activities
NACE 43342NACE 45441
#1 employer in La Louvière, Construction sector1 site
Size
€20.5mturnover 2025
Staff
185.7 FTE
Equity
€5.5m
Profit
€908,912
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
DECUBE · 99.96%
Board
2 members
Holdings
1
Accounts 15 d early1 of 18 deeds read
Why 91- Sector Specialised construction activities (NACE 43)+ Founded in 1989+ Size: turnover €20.5m, 185.7 FTE, total assets €18.2m+ Profit of €908,912 (FY 2025)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 43, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 55+5
equity 30.3% of total assets
Liquidity 30-4
short-term debt 57.8% · cash 7.8%
Profitability 73+8
return on assets 5.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (243 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -4.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%▼ -1.5% vs 03-2025 05-2025: 0.3%▲ +4.6% vs 04-2025 06-2025: 0.3%▲ +2.9% vs 05-2025 07-2025: 0.4%▲ +25.7% vs 06-2025highest value 08-2025: 0.2%▼ -42.3% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▼ -1.5% vs 03-2026 05-2026: 0.2%▲ +4.7% vs 04-2026 06-2026: 0.2%▲ +1.5% vs 05-2026 07-2026: 0.2%▲ +2.5% vs 06-2026 08-2026: 0.1%▼ -30.1% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 1989 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Size: turnover €20.5m, 185.7 FTE, total assets €18.2m lowers the probability for this profile
  • Profit of €908,912 (FY 2025) lowers the probability
Credit up to €500,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.35 in 2024; short-term debt: 57.8% and cash: 7.8% of total assets), and 69.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, medium-sized). Better than this share of them on solvency 44%, liquidity 38%, profitability 70%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: turnover €20.5m, 185.7 FTE, total assets €18.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Profit of €908,912 (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 d early
2024
30 d early
2023
22 d early
2022
26 d early
2021
11 d early
2020
28 d early
2019
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: S.A. DECUBE (director) and Antonio…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Highest result since 2018net €908,912 ▲31.1%

Key points

  • Positive: Employer in La Louvière, Construction sectorin the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by DECUBEknown shareholders 99.96% 99.96% View
  • New directorslatest change 08-06-2026 · 2 in office 2 joined View
  • Positive: 6 profitable years in a rowprofit 2025: €908,912 6 years View
  • Positive: Result rose in 2025from €693,266 to €908,912 ▲ 31.1% View

By topic

Financials

Fiscal year
2025
Turnover
€20.5m
Profit
€908,912
Solvency
30.3%
Turnover▼ 5.7%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 17-08-2026Reappointments: S.A. DECUBE (director) and Antonio Moscufo…
  2. 16-07-2026Annual accounts filed
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Specialised construction activitiesNACE 43342
Founded
06-07-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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