Monocode

Open bankruptcy

Private limited companyfounded 2011Bampslaan 19, 3500 Hasselt, BelgiumKBO/BCE: BE 0840.295.063

A bankruptcy procedure is open for Monocode according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-149k) and a net result of €-158k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-149k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

23 d early

2022

33 d early

2021

18 d late

2020

11 d early

2019

37 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€-149k

2023 · €9k

2018: €16k 2019: €6k 2020: €16k 2021: €40k 2022: €7k 2023: €9k

2018 → 2024

Total assets

€221k▼ 37.5%

2023 · €353k

2018: €194k 2019: €255k 2020: €253k 2021: €210k 2022: €257k 2023: €353k

2018 → 2024

Net result

€-158k

2023 · €2k

2018: €3k 2019: €-10k 2020: €9k 2021: €24k 2022: €-33k 2023: €2k

2018 → 2024

Working capital

€-66k▼ 743%

2023 · €-8k

2018: €-33k 2019: €-74k 2020: €-30k 2021: €38k 2022: €-17k 2023: €-8k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€16k-€40k▲ 154%€7k▼ 83.1%€9k▲ 31.4%€-149k

Operating result€15k-€27k▲ 87.5%€-30k€16k€-137k

Net result€9k-€24k▲ 161%€-33k€2k€-158k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €137k after €16k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €221k

15.5%

84.5%

Fixed assets €34k▼ 25.2%

Current assets €187k▼ 39.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-121k▼

2023 · €37k

Cash flow

€-142k▼

2023 · €23k

Solvency

-67.3%▼

2023 · 2.5%

Current ratio

0.74▼

2023 · 0.97

Quick ratio

0.74▼

2023 · 0.97

Debt / equity

-2.49▼

2023 · 38.72

ROA

-71.3%▼

2023 · 0.6%

Interest coverage

-5.53▼

2023 · 2.23

Debt

€369k▲

2023 · €344k

Debt ≤ 1 year

€253k▼

2023 · €315k

Debt > 1 year

€97k▲

2023 · €5k

Income taxes

€1k▲

2023 · €547

Staff costs

€489k▲

2023 · €474k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€353k€221k▼

Fixed assets21/28€46k€34k▼

Intangible fixed assets21€27k€19k▼

Tangible fixed assets22/27€19k€16k▼

Plant, machinery and equipment23€2k€4k▲

Furniture and vehicles24€14k€9k▼

Other tangible fixed assets26€3k€2k▼

Financial fixed assets28€0-

Current assets29/58€308k€187k▼

Amounts receivable within one year40/41€238k€160k▼

Trade receivables40€234k€150k▼

Other amounts receivable41€3k€10k▲

Cash at bank and in hand54/58€1k€2k▲

Deferred charges and accrued income490/1€69k€25k▼

Equity and liabilities

Total equity and liabilities10/49€353k€221k▼

Equity10/15€9k€-149k▼

Contributions10/11€19k€19k=

Reserves13€0-

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Profit (loss) carried forward14€-10k€-167k▼

Amounts payable17/49€344k€369k▲

Amounts payable after more than one year17€5k€97k▲

Financial debts170/4€5k€97k▲

Amounts payable within one year42/48€315k€253k▼

Current portion of amounts payable after more than one year42€10k€13k▲

Financial debts43€61k€91k▲

Credit institutions430/8€61k€91k▲

Trade debts44€79k€49k▼

Suppliers440/4€79k€49k▼

Advances received on contracts in progress46€6k€15▼

Taxes, remuneration and social security45€157k€98k▼

Taxes450/3€53k€29k▼

Remuneration and social security454/9€104k€68k▼

Other amounts payable47/48€3k€3k▼

Accrued charges and deferred income492/3€24k€19k▼

Income statement Code20232024

Non-recurring operating income76A€488-

Remuneration, social security and pensions62€474k€489k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€16k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€836€528▼

Gross operating margin9900€512k€369k▼

Operating profit (loss)9901€16k€-137k▼

Financial income75/76B€3k€2k▼

Recurring financial income75€3k€2k▼

Financial charges65/66B€17k€22k▲

Recurring financial charges65€17k€22k▲

Profit (loss) for the period before taxes9903€3k€-156k▼

Income taxes67/77€547€1k▲

Profit (loss) for the period9904€2k€-158k▼

Profit (loss) for the period to be appropriated9905€2k€-158k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€-167k▼

Profit (loss) brought forward from the previous period14P€-14k€-10k▲

Transfer from equity791/2€2k€0▼

Social balance

Average headcount (FTE)9087-9.2

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Signals 1Financial 4Filings 10

2026

07-05

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · MONOCODE BV BAMPS- LAAN 19 BUS3, 3500 HASSELT · event 30-04-2026

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-158k ▼7505%

Net result drops to €-158k, the lowest in the series.

08-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

28-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

18-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 18 days late

2021

31-12

Financial Highest result since 2018net €24k ▲161%

Operating result €27k, net result €24k, both a record.

20-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

24-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

14-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

13-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

28-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Hasselt · 1 establishment unit since 2011

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bampslaan 193500 Hasselt

Ground area

508 m²

Building footprint

331 m²

Volume, LiDAR

4,779 m³

Parcel 71326F0327/00V000, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Monocode

Bampslaan 19, 3500 HasseltRetail trade

since 20112.203.580.870

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71326F0327/00V000	Flanders	508 m²	1 · 331 m²	21.9 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	MICHAEL WARSON HAVERMARKT 22, 3500 HASSELT- ↔ Also on 118 other cases	30-04-2026 → present
Curator	TOM RENCKENS HAVERMARKT 22, 3500 HASSELT	30-04-2026 → present