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MONO

Active
Private limited companyfounded 20196 yrs activeJules Lagaelaan 5, 8800 Roeselare, BelgiumKBO/BCE: BE 0737.894.935
Summary

MONO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135,088 and a net result of €22,678. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability65▼-35
Solvency69▼-29
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 3.17 in 2023; short-term debt: 37.7% and cash: 6.2% of total assets), but 55.9% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
21 d late
2023
14 d early
2022
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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

History

MONO was incorporated on 20 November 2019 as a Private limited company.1 Total assets rose from EUR 113,569 in 2022 to EUR 306,317 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€135,088▲ 20.2%
2023 · €112,410
Total assets
€306,317▲ 98.5%
2023 · €154,285
Net result
€22,678▼ 47.3%
2023 · €43,040
Working capital
€121,417▲ 33.7%
2023 · €90,820
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€45,742-€59,320▲ 29.7%€37,633▼ 36.6%
Net result€32,409-€43,040▲ 32.8%€22,678▼ 47.3%
Equity€69,370-€112,410▲ 62.0%€135,088▲ 20.2%
Total assets€113,569-€154,285▲ 35.9%€306,317▲ 98.5%
Debt€44,199-€41,875▼ 5.3%€171,229▲ 309%
Working capital€46,621-€90,820▲ 94.8%€121,417▲ 33.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €45,742€45,742Net result 2022: €32,409€32,409Operating result 2023: €59,320€59,320Net result 2023: €43,040€43,040Operating result 2024: €37,633€37,633Net result 2024: €22,678€22,678202220232024€0€20,000€40,000€60,000Operating result 2022: €45,742€45,700Net result 2022: €32,409€32,400Operating result 2023: €59,320€59,300Net result 2023: €43,040€43,000Operating result 2024: €37,633€37,600Net result 2024: €22,678€22,700202220232024
The operating result falls in 2024; 2024 is 37% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €306,317
Fixed assets €69,424 ▲ 222%
Current assets €236,893 ▲ 78.5%
Equity and liabilities €306,317
Equity €135,088 ▲ 20.2%
Debt €171,229 ▲ 309%
Debt's share of the balance-sheet total rises from 27.1% to 55.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€50,202▼
2023 · €60,479
Cash flow
€35,247▼
2023 · €44,199
Current ratio
2.05▼
2023 · 3.17
Debt to equity
1.27▲
2023 · 0.37
ROE
16.8%▼
2023 · 38.3%
ROA
7.4%▼
2023 · 27.9%
Interest coverage
4.49▼
2023 · 62.35
Debt ≤ 1 year
€115,476▲
2023 · €41,875
Debt > 1 year
€55,753
Income taxes
€12,015▼
2023 · €15,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€154,285€306,317▲
Fixed assets21/28€21,590€69,424▲
Tangible fixed assets22/27€2,790€50,624▲
Furniture and vehicles24€2,790€3,038▲
Other tangible fixed assets26-€47,586
Financial fixed assets28€18,800€18,800=
Current assets29/58€132,695€236,893▲
Amounts receivable within one year40/41€128,946€212,898▲
Trade receivables40€14,541€16,173▲
Other amounts receivable41€114,405€196,725▲
Cash at bank and in hand54/58€3,749€19,140▲
Deferred charges and accrued income490/1-€4,855
Equity and liabilities
Total equity and liabilities10/49€154,285€306,317▲
Equity10/15€112,410€135,088▲
Contributions10/11€1,000€1,000=
Reserves13€111,410€134,088▲
Distributable reserves133€111,410€134,088▲
Amounts payable17/49€41,875€171,229▲
Amounts payable after more than one year17-€55,753
Financial debts170/4-€55,753
Amounts payable within one year42/48€41,875€115,476▲
Current portion of amounts payable after more than one year42-€16,214
Financial debts43-€74,302
Other loans439-€74,302
Trade debts44€2,562€897▼
Suppliers440/4€2,562€897▼
Taxes, remuneration and social security45€38,647€21,755▼
Taxes450/3€38,647€21,755▼
Other amounts payable47/48€666€2,308▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,159€12,569▲
Other operating charges640/8€1,270€1,508▲
Gross operating margin9900€61,749€51,710▼
Operating profit (loss)9901€59,320€37,633▼
Financial income75/76B€1€8,250▲
Recurring financial income75€1€8,250▲
Financial charges65/66B€970€11,190▲
Recurring financial charges65€970€11,190▲
Profit (loss) for the period before taxes9903€58,351€34,693▼
Income taxes67/77€15,311€12,015▼
Profit (loss) for the period9904€43,040€22,678▼
Profit (loss) for the period to be appropriated9905€43,040€22,678▼
Appropriation of the result
Profit (loss) to be appropriated9906€43,040€22,678▼
Transfer to equity691/2€43,040€22,678▼
To other reserves6921€43,040€22,678▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€634€1,159€12,569▲ 984%
Other operating charges640/8€1,056€1,270€1,508▲ 18.7%
Gross operating margin9900€47,432€61,749€51,710▼ 16.3%
Operating profit (loss)9901€45,742€59,320€37,633▼ 36.6%
Financial income75/76B-€1€8,250▲ 824,900%
Recurring financial income75-€1€8,250▲ 824,900%
Financial charges65/66B€1,781€970€11,190▲ 1,054%
Recurring financial charges65€1,781€970€11,190▲ 1,054%
Profit (loss) for the period before taxes9903€43,961€58,351€34,693▼ 40.5%
Income taxes67/77€11,552€15,311€12,015▼ 21.5%
Profit (loss) for the period9904€32,409€43,040€22,678▼ 47.3%
Profit (loss) for the period to be appropriated9905€32,409€43,040€22,678▼ 47.3%
Line202220232024Change
Assets
Total assets20/58€113,569€154,285€306,317▲ 98.5%
Fixed assets21/28€22,749€21,590€69,424▲ 222%
Tangible fixed assets22/27€3,949€2,790€50,624▲ 1,714%
Furniture and vehicles24€3,949€2,790€3,038▲ 8.9%
Other tangible fixed assets26--€47,586-
Financial fixed assets28€18,800€18,800€18,800=
Current assets29/58€90,820€132,695€236,893▲ 78.5%
Amounts receivable after more than one year29€90,820---
Trade receivables290€16,846---
Other amounts receivable291€73,974---
Amounts receivable within one year40/41-€128,946€212,898▲ 65.1%
Trade receivables40-€14,541€16,173▲ 11.2%
Other amounts receivable41-€114,405€196,725▲ 72.0%
Cash at bank and in hand54/58-€3,749€19,140▲ 411%
Deferred charges and accrued income490/1--€4,855-
Equity and liabilities
Total equity and liabilities10/49€113,569€154,285€306,317▲ 98.5%
Equity10/15€69,370€112,410€135,088▲ 20.2%
Contributions10/11€1,000€1,000€1,000=
Reserves13€68,370€111,410€134,088▲ 20.4%
Distributable reserves133€68,370€111,410€134,088▲ 20.4%
Amounts payable17/49€44,199€41,875€171,229▲ 309%
Amounts payable after more than one year17--€55,753-
Financial debts170/4--€55,753-
Amounts payable within one year42/48€44,199€41,875€115,476▲ 176%
Current portion of amounts payable after more than one year42--€16,214-
Financial debts43€7,120-€74,302-
Credit institutions430/8€7,120---
Other loans439--€74,302-
Trade debts44-€2,562€897▼ 65.0%
Suppliers440/4-€2,562€897▼ 65.0%
Taxes, remuneration and social security45€21,550€38,647€21,755▼ 43.7%
Taxes450/3€21,550€38,647€21,755▼ 43.7%
Other amounts payable47/48€15,529€666€2,308▲ 247%
Line202220232024Change
Profit (loss) for the period9904€32,409€43,040€22,678▼ 47.3%
+ Depreciation and write-downs630€634€1,159€12,569▲ 984%
Operating cash flow (approximation)€33,043€44,199€35,247▼ 20.3%
Investment in fixed assets (approximation)-€0-€60,403-
Change in cash--€15,391-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial Weakest financial yearnet €22,678 ▼47.3%
Net result drops to €22,678, the lowest in the series.
17-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2022net €43,040 ▲32.8%
Operating result €59,320, net result €43,040, both a record.
31-12
Financial Equity above €100,000Eq €112,410 ▲62%
2 profitable years in a row build equity to €112,410.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
108 m²
Building footprint
88 m²
Volume, LiDAR
817 m³
Parcel 36502B0882/00B005, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MONO
Jules Lagaelaan 5, 8800 RoeselareOther activities auxiliary to financial services, excluding insurance and pension funding
since 20192.296.484.797
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36502B0882/00B005 Flanders 108 m² 1 · 88 m² 13.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of MONO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0737894935
Also 9925:BE0737894935
Registered 18-06-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.