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MONO CONSTRUCT

Active
Private limited companyfounded 20224 yrs activeNoordberm 53, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0785.722.467
Summary

The computed 12-month bankruptcy probability of MONO CONSTRUCT is 2.8% (moderate). The 2024 annual accounts show equity of €44,813 and a net result of €10,995. Its solvency ranks better than 33% of 36386 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
The bankruptcy probability (2.8%) is taken into account and brings the score to 59. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-22
Solvency56▼-14
Growth52
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 2.01 in 2023; short-term debt: 32.2% and cash: 17.6% of total assets), and 69% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk
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 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
31%
Return on assets
7.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2026, 315 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
315 d late
2023
41 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 178 days after 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 (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

On 4 May 2022, MONO CONSTRUCT was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
€44,813▲ 32.5%
2023 · €33,818
Total assets
€144,744▲ 91.0%
2023 · €75,769
Net result
€10,995▼ 64.3%
2023 · €30,818
Working capital
€15,783▼ 41.7%
2023 · €27,089
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€39,046-€17,946▼ 54.0%
Net result€30,818above the sector's middle half-€10,995within the sector's middle half▼ 64.3%
Equity€33,818within the sector's middle half-€44,813within the sector's middle half▲ 32.5%
Total assets€75,769within the sector's middle half-€144,744within the sector's middle half▲ 91.0%
Debt€41,951-€99,931▲ 138%
Working capital€27,089within the sector's middle half-€15,783within the sector's middle half▼ 41.7%
Solvency44.6%within the sector's middle half-31.0%within the sector's middle half▼ 13.7pp
Current ratio2.01within the sector's middle half-1.34within the sector's middle half▼ 0.67
Return on assets (ROA)40.7%above the sector's middle half-7.6%within the sector's middle half▼ 33.1pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2023: €39,046€39,046Net result 2023: €30,818€30,818Operating result 2024: €17,946€17,946Net result 2024: €10,995€10,99520232024€0€10,000€20,000€30,000€40,000Operating result 2023: €39,046€39,000Net result 2023: €30,818€30,800Operating result 2024: €17,946€17,900Net result 2024: €10,995€11,00020232024
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144,744
Fixed assets €82,307 ▲ 279%
Current assets €62,437 ▲ 15.6%
Equity and liabilities €144,744
Equity €44,813 ▲ 32.5%
Debt €99,931 ▲ 138%
Debt's share of the balance-sheet total rises from 55.4% to 69.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€48,336▲
2023 · €41,531
Cash flow
€41,385▲
2023 · €33,303
Debt to equity
2.23▲
2023 · 1.24
ROE
24.5%▼
2023 · 91.1%
Interest coverage
12.25▼
2023 · 111.44
Debt ≤ 1 year
€46,654▲
2023 · €26,944
Debt > 1 year
€53,277▲
2023 · €14,507
Income taxes
€4,436▼
2023 · €8,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% 1.7%
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 75% 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 39,276 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 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€75,769€144,744▲
Fixed assets21/28€21,736€82,307▲
Tangible fixed assets22/27€21,736€82,307▲
Furniture and vehicles24€21,736€82,307▲
Current assets29/58€54,033€62,437▲
Amounts receivable within one year40/41€27,906€35,233▲
Trade receivables40€13,868€3,619▼
Other amounts receivable41€14,038€31,614▲
Cash at bank and in hand54/58€24,888€25,488▲
Deferred charges and accrued income490/1€1,239€1,716▲
Equity and liabilities
Total equity and liabilities10/49€75,769€144,744▲
Equity10/15€33,818€44,813▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€30,818€41,813▲
Amounts payable17/49€41,951€99,931▲
Amounts payable after more than one year17€14,507€53,277▲
Financial debts170/4€14,507€53,277▲
Amounts payable within one year42/48€26,944€46,654▲
Current portion of amounts payable after more than one year42€3,184€15,537▲
Trade debts44€14,699€18,324▲
Suppliers440/4€14,699€18,324▲
Taxes, remuneration and social security45€9,062€12,793▲
Taxes450/3€9,062€12,793▲
Accrued charges and deferred income492/3€500-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,485€30,390▲
Other operating charges640/8€879€3,613▲
Gross operating margin9900€42,410€51,949▲
Operating profit (loss)9901€39,046€17,946▼
Financial income75/76B€427€1,431▲
Recurring financial income75€427€1,431▲
Financial charges65/66B€373€3,946▲
Recurring financial charges65€373€3,946▲
Profit (loss) for the period before taxes9903€39,100€15,431▼
Income taxes67/77€8,282€4,436▼
Profit (loss) for the period9904€30,818€10,995▼
Profit (loss) for the period to be appropriated9905€30,818€10,995▼
Appropriation of the result
Profit (loss) to be appropriated9906€30,818€41,813▲
Profit (loss) brought forward from the previous period14P-€30,818

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,485€30,390▲ 1,123%
Other operating charges640/8€879€3,613▲ 311%
Gross operating margin9900€42,410€51,949▲ 22.5%
Operating profit (loss)9901€39,046€17,946▼ 54.0%
Financial income75/76B€427€1,431▲ 235%
Recurring financial income75€427€1,431▲ 235%
Financial charges65/66B€373€3,946▲ 959%
Recurring financial charges65€373€3,946▲ 959%
Profit (loss) for the period before taxes9903€39,100€15,431▼ 60.5%
Income taxes67/77€8,282€4,436▼ 46.4%
Profit (loss) for the period9904€30,818€10,995▼ 64.3%
Profit (loss) for the period to be appropriated9905€30,818€10,995▼ 64.3%
Line20232024Change
Assets
Total assets20/58€75,769€144,744▲ 91.0%
Fixed assets21/28€21,736€82,307▲ 279%
Tangible fixed assets22/27€21,736€82,307▲ 279%
Furniture and vehicles24€21,736€82,307▲ 279%
Current assets29/58€54,033€62,437▲ 15.6%
Amounts receivable within one year40/41€27,906€35,233▲ 26.3%
Trade receivables40€13,868€3,619▼ 73.9%
Other amounts receivable41€14,038€31,614▲ 125%
Cash at bank and in hand54/58€24,888€25,488▲ 2.4%
Deferred charges and accrued income490/1€1,239€1,716▲ 38.5%
Equity and liabilities
Total equity and liabilities10/49€75,769€144,744▲ 91.0%
Equity10/15€33,818€44,813▲ 32.5%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€30,818€41,813▲ 35.7%
Amounts payable17/49€41,951€99,931▲ 138%
Amounts payable after more than one year17€14,507€53,277▲ 267%
Financial debts170/4€14,507€53,277▲ 267%
Amounts payable within one year42/48€26,944€46,654▲ 73.2%
Current portion of amounts payable after more than one year42€3,184€15,537▲ 388%
Trade debts44€14,699€18,324▲ 24.7%
Suppliers440/4€14,699€18,324▲ 24.7%
Taxes, remuneration and social security45€9,062€12,793▲ 41.2%
Taxes450/3€9,062€12,793▲ 41.2%
Accrued charges and deferred income492/3€500--
Line20232024Change
Profit (loss) for the period9904€30,818€10,995▼ 64.3%
+ Depreciation and write-downs630€2,485€30,390▲ 1,123%
Operating cash flow (approximation)€33,303€41,385▲ 24.3%
Investment in fixed assets (approximation)--€90,961-
Change in cash-€600-

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

2026
11-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 315 days late
2024
10-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
764 m²
Building footprint
246 m²
Volume, LiDAR
968 m³
Parcel 71025A1240/00K000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MONO CONSTRUCT
Noordberm 53, 3550 Heusden-ZolderGeneral electrical installation work
since 20222.330.964.537
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71025A1240/00K000indicative Flanders 764 m² 1 · 246 m² 8.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 3,632 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
Founded04-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
43331Floor and wall tiling
43422Screed work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785722467
Also 9925:BE0785722467
Registered 21-09-2026

Register as of 27 September 2026 · Peppol Directory

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