MONOBAT
ActiveSummary
MONOBAT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,830 and a net result of -€923. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 28% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48=
Solvency51▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.08 in 2024; short-term debt: 22.2% and cash: 1.1% of total assets), and 73.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
14 d late
2023
21 d late
2022
24 d late
2021
24 d late
2020
19 d late
2019
13 d late
← 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 19 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 (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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€121,830▼ 0.8%
2024 · €122,753
Total assets
€460,482▼ 4.9%
2024 · €484,281
Net result
-€923
2024 · €322
Working capital
€21,974▲ 144%
2024 · €9,014
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
Line20212022202320242025
Operating result€15,780▲ 86.3%€2,217▼ 85.9%-€1,969€10,038€8,032▼ 20.0%
Net result€13,189within the sector's middle half▲ 182%€1,136within the sector's middle half▼ 91.4%-€9,433below the sector's middle half€322within the sector's middle half-€923below the sector's middle half
Equity€130,728above the sector's middle half▲ 11.2%€131,864above the sector's middle half▲ 0.9%€122,431within the sector's middle half▼ 7.2%€122,753within the sector's middle half▲ 0.3%€121,830within the sector's middle half▼ 0.8%
Total assets€196,457within the sector's middle half▲ 2.1%€354,536above the sector's middle half▲ 80.5%€504,752above the sector's middle half▲ 42.4%€484,281above the sector's middle half▼ 4.1%€460,482above the sector's middle half▼ 4.9%
Debt€15,650▼ 38.6%€152,852▲ 877%€310,752▲ 103%€289,959▼ 6.7%€265,882▼ 8.3%
Working capital€137,407above the sector's middle half▲ 21.4%€147,346above the sector's middle half▲ 7.2%-€951below the sector's middle half€9,014within the sector's middle half€21,974within the sector's middle half▲ 144%
Solvency66.5%above the sector's middle half▲ 5.5pp37.2%within the sector's middle half▼ 29.3pp24.3%within the sector's middle half▼ 12.9pp25.3%within the sector's middle half▲ 1.1pp26.5%within the sector's middle half▲ 1.1pp
Current ratio9.78above the sector's middle half▲ 4.341.96within the sector's middle half▼ 7.820.99below the sector's middle half▼ 0.971.08below the sector's middle half▲ 0.091.21within the sector's middle half▲ 0.14
Return on assets (ROA)6.7%within the sector's middle half▲ 4.3pp0.3%below the sector's middle half▼ 6.4pp-1.9%below the sector's middle half▼ 2.2pp0.1%below the sector's middle half▲ 1.9pp-0.2%below the sector's middle half▼ 0.3pp
Staff (FTE)
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
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €460,482
Fixed assets
€336,278 ▼ 6.5%
Current assets
€124,204 ▼ 0.3%
Equity and liabilities €460,482
Equity
€121,830 ▼ 0.8%
Provisions
€72,770 ▲ 1.7%
Debt
€265,882 ▼ 8.3%
Debt's share of the balance-sheet total falls from 59.9% to 57.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31,451▼
2024 · €34,317
Cash flow
€22,496▼
2024 · €24,601
Debt to equity
2.18▼
2024 · 2.36
ROE
-0.8%▼
2024 · 0.3%
Interest coverage
3.48▼
2024 · 3.53
Debt ≤ 1 year
€102,230▼
2024 · €115,571
Debt > 1 year
€163,652▼
2024 · €174,388
Income taxes
-€80▼
2024 · -€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
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 bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 2,508 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,371 | - | - |
| Remuneration, social security and pensions62 | - | €7,034 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,324 | €9,743 | €21,832 | €24,279 | €23,419 | ▼ 3.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €19,741 | - | - | - | - |
| Other operating charges640/8 | €6,082 | €6,527 | €10,489 | €11,606 | €11,562 | ▼ 0.4% |
| Gross operating margin9900 | €32,186 | €45,262 | €30,351 | €45,923 | €43,012 | ▼ 6.3% |
| Operating profit (loss)9901 | €15,780 | €2,217 | -€1,969 | €10,038 | €8,032 | ▼ 20.0% |
| Financial income75/76B | - | - | €742 | - | - | - |
| Recurring financial income75 | - | - | €742 | - | - | - |
| Financial charges65/66B | €2,153 | €551 | €8,508 | €9,717 | €9,035 | ▼ 7.0% |
| Recurring financial charges65 | €2,153 | €551 | €8,508 | €9,717 | €9,035 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | €13,626 | €1,666 | -€9,736 | €321 | -€1,003 | ▼ 413% |
| Income taxes67/77 | €438 | €530 | -€303 | -€1 | -€80 | ▼ 6,112% |
| Profit (loss) for the period9904 | €13,189 | €1,136 | -€9,433 | €322 | -€923 | ▼ 387% |
| Profit (loss) for the period to be appropriated9905 | €13,189 | €1,136 | -€9,433 | €322 | -€923 | ▼ 387% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,457 | €354,536 | €504,752 | €484,281 | €460,482 | ▼ 4.9% |
| Fixed assets21/28 | €43,399 | €54,338 | €379,605 | €359,697 | €336,278 | ▼ 6.5% |
| Tangible fixed assets22/27 | €41,867 | €52,806 | €378,073 | €358,165 | €334,746 | ▼ 6.5% |
| Land and buildings22 | €31,903 | €25,187 | €239,104 | €225,606 | €212,107 | ▼ 6.0% |
| Plant, machinery and equipment23 | €9,793 | €27,108 | €138,629 | €132,445 | €122,639 | ▼ 7.4% |
| Furniture and vehicles24 | €171 | €511 | €341 | €114 | - | - |
| Financial fixed assets28 | €1,532 | €1,532 | €1,532 | €1,532 | €1,532 | = |
| Current assets29/58 | €153,057 | €300,198 | €125,147 | €124,585 | €124,204 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €146,258 | €160,824 | €123,192 | €124,187 | €118,649 | ▼ 4.5% |
| Trade receivables40 | €40,739 | €83,823 | €24,679 | €42,293 | €41,648 | ▼ 1.5% |
| Other amounts receivable41 | €105,518 | €77,001 | €98,513 | €81,894 | €77,001 | ▼ 6.0% |
| Cash at bank and in hand54/58 | €6,471 | €138,964 | €938 | €264 | €5,095 | ▲ 1,833% |
| Deferred charges and accrued income490/1 | €329 | €409 | €1,017 | €134 | €460 | ▲ 243% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,457 | €354,536 | €504,752 | €484,281 | €460,482 | ▼ 4.9% |
| Equity10/15 | €130,728 | €131,864 | €122,431 | €122,753 | €121,830 | ▼ 0.8% |
| Contributions10/11 | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | = |
| Reserves13 | €48,484 | €49,620 | €47,761 | €48,083 | €48,083 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €4,573 | €4,573 | €4,573 | €4,573 | €4,573 | = |
| Distributable reserves133 | €42,052 | €43,188 | €43,188 | €43,510 | €43,510 | = |
| Profit (loss) carried forward14 | €63,652 | €63,652 | €54,219 | €54,219 | €53,296 | ▼ 1.7% |
| Provisions and deferred taxes16 | €50,079 | €69,820 | €71,570 | €71,570 | €72,770 | ▲ 1.7% |
| Provisions for liabilities and charges160/5 | €50,079 | €69,820 | €71,570 | €71,570 | €72,770 | ▲ 1.7% |
| Other liabilities and charges164/5 | €50,079 | €69,820 | €71,570 | €71,570 | €72,770 | ▲ 1.7% |
| Amounts payable17/49 | €15,650 | €152,852 | €310,752 | €289,959 | €265,882 | ▼ 8.3% |
| Amounts payable after more than one year17 | - | - | €184,653 | €174,388 | €163,652 | ▼ 6.2% |
| Financial debts170/4 | - | - | €184,653 | €174,388 | €163,652 | ▼ 6.2% |
| Amounts payable within one year42/48 | €15,650 | €152,852 | €126,098 | €115,571 | €102,230 | ▼ 11.5% |
| Current portion of amounts payable after more than one year42 | - | - | €9,815 | €11,932 | €10,736 | ▼ 10.0% |
| Financial debts43 | - | - | - | €6,064 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €6,064 | €0 | ▼ 100% |
| Trade debts44 | €13,582 | €47,127 | €32,087 | €32,323 | €22,690 | ▼ 29.8% |
| Suppliers440/4 | €13,582 | €47,127 | €32,087 | €32,323 | €22,690 | ▼ 29.8% |
| Taxes, remuneration and social security45 | €1,826 | €3,161 | €531 | €89 | €528 | ▲ 492% |
| Taxes450/3 | €1,826 | €2,436 | €531 | €89 | €528 | ▲ 492% |
| Remuneration and social security454/9 | - | €725 | - | - | - | - |
| Other amounts payable47/48 | €242 | €102,565 | €83,665 | €65,162 | €68,276 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,189 | €1,136 | -€9,433 | €322 | -€923 | ▼ 387% |
| + Depreciation and write-downs630 | €10,324 | €9,743 | €21,832 | €24,279 | €23,419 | ▼ 3.5% |
| Operating cash flow (approximation) | €23,513 | €10,879 | €12,398 | €24,601 | €22,496 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€20,682 | -€347,099 | -€4,371 | -€0 | ▲ 100.0% |
| Change in cash | - | €132,494 | -€138,026 | -€674 | €4,832 | ▲ 817% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Back to profitnet €322
Net result €322 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet -€9,433
Net result drops to -€9,433, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €13,189 ▲182%
Operating result €15,780, net result €13,189, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.44
Current ratio from 2.61 to 5.44; short-term debt falls from €67,899 to €25,507.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Charleroi · 1 establishment unit since 1999
Ground area
1.2 ha
Building footprint
3,068 m²
Volume, LiDAR
17,455 m³
Parcel 52045A0547/00C002, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Philippeville 213, 6001 Charleroi
since 19992.091.355.830
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0547/00C002indicative | Wallonia | 1.2 ha | 1 · 3,068 m² | 10.1 m · 2 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
VM MONTAGE
BE 0839.519.360
Kinrooi · Eq €121,756
THYBATI
BE 0811.128.351
Orp-Jauche · Eq €121,739
SMET GROUP OVERSEAS
BE 0448.902.538
Dessel · Eq €121,725
Beka ES
BE 0736.685.108
Ranst · Eq €121,718
Van Meensel Technics
BE 0748.676.979
Rotselaar · Eq €121,963
Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,188 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
Founded03-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43331Floor and wall tiling
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466173288
Also
9925:BE0466173288
Registered
30-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.