Equity
Monotech paid out €40,643 in dividends. That is 380% of the 2025 profit.
Monotech paid out €40,643 in dividends. That is 380% of the 2025 profit.
The micro format states no turnover.
Debts rose by €51,779 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation.
Short-term debts rose from €13,400 to €65,180.
The 2022 accounts came latest: 29 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 24% of them on solvency, 56% on liquidity, 68% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as Monotech has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Monotech itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Monotech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.1 (4.47 in 2024), below the usual 1.5. Short-term debt is 76.6% and cash 56.8% of total assets. 77.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 17 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Monotech Sint-Niklaas | €85,088 | €20,728 | 22.8% | - |
| PROATOM Ghent | €82,227 | €23,240 | 50.6% | - |
| NDM Beveren-Kruibeke-Zwijndrecht | €73,105 | €18,559 | 85.0% | - |
| ELEKTRICKS Beveren-Kruibeke-Zwijndrecht | €76,448 | €17,276 | 48.0% | - |
| EMLEC SERVICES Sint-Truiden | €92,707 | €20,381 | -18.0% | - |
| SVV-Tech Hasselt | €94,247 | €19,432 | 53.9% | - |
| Global Concept Services Industries Seraing | €87,793 | €21,685 | 96.4% | - |
These companies have the same main activity as Monotech: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €73,100 and €94,200, founded between 2018 and 2020.
Monotech files the micro format. That format states no turnover. The gross margin fell from €60,980 in 2020 to €20,728 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €110,000 and €360,000.
Higher than 24% of 35,136 companies in 2025.
Higher than 25% of 34,510 companies in 2025.
Higher than 64% of 34,711 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
85,088 | 63,244 | 56,546 | 55,600 | 54,434 | 61,581 | |
21/28 |
13,104 | 3,298 | 4,803 | 5,395 | 7,359 | 2,974 | |
22/27 |
13,064 | 3,258 | 4,763 | 5,355 | 7,319 | 2,934 | |
22 |
1,948 | 2,272 | 2,597 | 2,922 | 3,247 | - | |
23 |
- | - | - | 0 | 124 | 394 | |
24 |
11,116 | 986 | 2,166 | 2,433 | 3,948 | 2,540 | |
28 |
40 | 40 | 40 | 40 | 40 | 40 | |
29/58 |
71,984 | 59,946 | 51,743 | 50,205 | 47,075 | 58,606 | |
40/41 |
16,524 | 20,138 | 20,774 | 26,097 | 21,451 | 16,747 | |
40 |
16,524 | 19,887 | 20,489 | 23,937 | 18,282 | 15,302 | |
41 |
0 | 251 | 285 | 2,160 | 3,170 | 1,445 | |
54/58 |
48,329 | 29,583 | 19,031 | 8,967 | 17,184 | 39,315 | |
490/1 |
7,132 | 10,225 | 11,938 | 15,142 | 8,440 | 2,544 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
85,088 | 63,244 | 56,546 | 55,600 | 54,434 | 61,581 | |
10/15 |
19,408 | 49,344 | 40,780 | 39,348 | 38,935 | 41,643 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
18,408 | 48,344 | 40,643 | 40,643 | 40,643 | 40,643 | |
133 |
18,408 | 48,344 | 40,643 | 40,643 | 40,643 | 40,643 | |
14 |
0 | 0 | -862 | -2,294 | -2,707 | - | |
17/49 |
65,680 | 13,900 | 15,766 | 16,251 | 15,499 | 19,938 | |
42/48 |
65,180 | 13,400 | 15,766 | 16,251 | 15,499 | 17,938 | |
43 |
0 | 21 | 21 | 78 | - | - | |
430/8 |
0 | 21 | 21 | 78 | - | - | |
44 |
2,413 | 3,112 | 8,285 | 6,841 | 2,257 | 3,591 | |
440/4 |
2,413 | 3,112 | 8,285 | 6,841 | 2,257 | 3,591 | |
45 |
16,116 | 7,263 | 3,905 | 5,475 | 7,165 | 1,937 | |
450/3 |
13,122 | 7,263 | 3,905 | 5,475 | 7,165 | 1,937 | |
454/9 |
2,994 | - | - | - | - | - | |
47/48 |
46,650 | 3,005 | 3,555 | 3,858 | 6,077 | 12,410 | |
492/3 |
500 | 500 | - | - | 0 | 2,000 | |
| Income statement | |||||||
9900 |
20,728 | 18,035 | 7,343 | 7,030 | 764 | 60,980 | |
62 |
0 | 210 | 145 | 62 | 221 | 114 | |
630 |
1,679 | 1,505 | 1,634 | 1,964 | 1,476 | 1,631 | |
640/8 |
1,207 | 2,046 | 1,318 | 1,952 | 598 | 206 | |
66A |
- | - | - | - | 0 | 1,072 | |
9901 |
17,842 | 14,275 | 4,246 | 3,052 | -1,531 | 57,957 | |
75/76B |
2 | 0 | 3 | 5 | 35 | 2 | |
75 |
2 | 0 | 3 | 5 | 35 | 2 | |
65/66B |
552 | 441 | 568 | 465 | 525 | 541 | |
65 |
552 | 441 | 568 | 465 | 525 | 541 | |
9903 |
17,291 | 13,834 | 3,681 | 2,592 | -2,022 | 57,418 | |
67/77 |
6,585 | 5,270 | 2,250 | 2,179 | 685 | 16,776 | |
9904 |
10,707 | 8,564 | 1,432 | 413 | -2,707 | 40,643 | |
9905 |
10,707 | 8,564 | 1,432 | 413 | -2,707 | 40,643 | |
| Appropriation of the result | |||||||
9906 |
10,707 | 7,701 | -862 | -2,294 | -2,707 | 40,643 | |
14P |
0 | -862 | -2,294 | -2,707 | - | - | |
791/2 |
40,643 | - | - | - | - | - | |
691/2 |
10,707 | 7,701 | - | - | 0 | 40,643 | |
6921 |
10,707 | 7,701 | - | - | 0 | 40,643 | |
694/7 |
40,643 | - | - | - | - | - | |
694 |
40,643 | - | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353562 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00331551 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395063 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00366773 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20314922 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-51800124 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 19,521 | 15,779 | 5,881 | 5,016 | -55 | 59,588 | ||
| 12,386 | 10,068 | 3,066 | 2,377 | -1,231 | 42,273 | ||
| 11,485 | 0 | 1,043 | 0 | 5,861 | 5,134 | ||
| 18,745 | 10,553 | 10,064 | -8,218 | -22,131 | - | ||
| 6,804 | 46,545 | 35,977 | 33,954 | 31,577 | 40,668 | ||
| 22.8% | 78.0% | 72.1% | 70.8% | 71.5% | 67.6% | ||
| 1.10 | 4.47 | 3.28 | 3.09 | 3.04 | 3.27 | ||
| 3.38 | 0.28 | 0.39 | 0.41 | 0.40 | 0.48 | ||
| 55.2% | 17.4% | 3.5% | 1.0% | -7.0% | 97.6% | ||
| 12.6% | 13.5% | 2.5% | 0.7% | -5.0% | 66.0% | ||
| 35.37 | 35.79 | 10.36 | 10.78 | -0.11 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,485 | - | €1,043 | - | €5,861 |
| Financial fixed assets | €0 | - | - | - | - |
| €1,679 | €1,505 | €1,634 | €1,964 | €1,476 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 25% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total rises from 22.0% to 77.2%. Equity is lower and debt is higher.
Monotech has no parent and no holdings in its annual accounts. CHAIR Hecham is the only director. Monotech shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 17 June 2019, Monotech was incorporated as a private limited company by one natural person, with a starting capital of €15,000.12 In 2021 the registered office moved to Sint-Niklaas.3 CHAIR Hecham is director of the company, appointed by deed of 20-06-2019.2 Total assets went from €61,581 in 2020 to €85,088 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Puitvoetstraat 69a registered office 9100 Sint-Niklaas 2790001 Manufacture of electrical equipment | 17-06-2019 | 2.290.796.243 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46445D1678/00F000 | 397 m² | 1 · 90 m² | 9.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0728.573.136
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