MONRAD
ActiveSummary
MONRAD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €192,503. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 1.5% (low).
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Signals
This company filed its last 7 accounts on average 86 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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%.
| 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 17,810 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €489,449 | €464,571 | €404,318 | €400,460 | €495,362 | ▲ 23.7% |
| Goods, raw materials, services and sundry goods60/61 | €226,240 | €228,194 | €248,197 | €242,897 | €242,078 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,121 | €25,121 | €2,589 | - | €398 | - |
| Other operating charges640/8 | €1,448 | €1,414 | €2,067 | €2,388 | €1,501 | ▼ 37.2% |
| Gross operating margin9900 | €283,450 | €256,932 | €176,953 | €181,007 | €274,965 | ▲ 51.9% |
| Operating profit (loss)9901 | €256,882 | €230,397 | €172,297 | €178,619 | €273,067 | ▲ 52.9% |
| Financial income75/76B | €628 | €782 | €506 | €933 | €923 | ▼ 1.1% |
| Recurring financial income75 | €628 | €782 | €506 | €933 | €923 | ▼ 1.1% |
| Financial charges65/66B | €1,506 | €2,251 | €1,192 | €738 | €1,086 | ▲ 47.1% |
| Recurring financial charges65 | €1,506 | €2,251 | €1,192 | €738 | €1,086 | ▲ 47.1% |
| Profit (loss) for the period before taxes9903 | €256,003 | €228,928 | €171,611 | €178,814 | €272,904 | ▲ 52.6% |
| Income taxes67/77 | €77,436 | €68,651 | €48,684 | €49,992 | €80,401 | ▲ 60.8% |
| Profit (loss) for the period9904 | €178,567 | €160,277 | €122,927 | €128,822 | €192,503 | ▲ 49.4% |
| Profit (loss) for the period to be appropriated9905 | €178,567 | €160,277 | €122,927 | €128,822 | €192,503 | ▲ 49.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €980,375 | €1.0m | €998,086 | €1.1m | ▲ 14.4% |
| Fixed assets21/28 | €27,748 | €3,127 | €538 | €538 | €4,067 | ▲ 657% |
| Intangible fixed assets21 | €22,500 | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,210 | €2,589 | - | - | €3,529 | - |
| Furniture and vehicles24 | €630 | €299 | - | - | €1,611 | - |
| Other tangible fixed assets26 | €4,581 | €2,290 | - | - | €1,918 | - |
| Financial fixed assets28 | €38 | €538 | €538 | €538 | €538 | = |
| Current assets29/58 | €1.0m | €977,249 | €1.0m | €997,548 | €1.1m | ▲ 14.1% |
| Amounts receivable within one year40/41 | €15,576 | €29,086 | €70,118 | €55,153 | €15,211 | ▼ 72.4% |
| Other amounts receivable41 | €15,576 | €29,086 | €70,118 | €55,153 | €15,211 | ▼ 72.4% |
| Cash at bank and in hand54/58 | €1.0m | €947,043 | €934,617 | €942,277 | €1.1m | ▲ 19.1% |
| Deferred charges and accrued income490/1 | €1,089 | €1,119 | €1,193 | €118 | €122 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €980,375 | €1.0m | €998,086 | €1.1m | ▲ 14.4% |
| Equity10/15 | €946,842 | €932,439 | €975,366 | €864,188 | €1.0m | ▲ 18.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €771,539 | €751,860 | €771,860 | €656,860 | €806,860 | ▲ 22.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €769,679 | €750,000 | €771,860 | €656,860 | €806,860 | ▲ 22.8% |
| Profit (loss) carried forward14 | €156,702 | €161,979 | €184,906 | €188,728 | €201,231 | ▲ 6.6% |
| Amounts payable17/49 | €99,631 | €47,936 | €31,099 | €133,897 | €115,365 | ▼ 13.8% |
| Amounts payable within one year42/48 | €99,597 | €47,292 | €31,058 | €133,855 | €115,320 | ▼ 13.8% |
| Trade debts44 | €5,558 | €5,558 | €5,558 | €4,863 | €4,927 | ▲ 1.3% |
| Suppliers440/4 | €5,558 | €5,558 | €5,558 | €4,863 | €4,927 | ▲ 1.3% |
| Taxes, remuneration and social security45 | €94,039 | €41,734 | €25,500 | €68,992 | €80,393 | ▲ 16.5% |
| Taxes450/3 | €94,039 | €41,734 | €25,500 | €68,992 | €80,393 | ▲ 16.5% |
| Other amounts payable47/48 | - | - | - | €60,000 | €30,000 | ▼ 50.0% |
| Accrued charges and deferred income492/3 | €34 | €644 | €41 | €43 | €45 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,567 | €160,277 | €122,927 | €128,822 | €192,503 | ▲ 49.4% |
| + Depreciation and write-downs630 | €25,121 | €25,121 | €2,589 | - | €398 | - |
| Operating cash flow (approximation) | €203,688 | €185,398 | €125,516 | €128,822 | €192,900 | ▲ 49.7% |
| Investment in fixed assets (approximation) | - | -€500 | €0 | €0 | -€3,927 | - |
| Change in cash | - | -€55,017 | -€12,426 | €7,660 | €180,378 | ▲ 2,255% |
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
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About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018E0329/00P003 | Wallonia | 3,764 m² | 1 · 125 m² | 7.0 m · 2 fl. |
| 21612D0019/00Z003 | Brussels | 90 m² | 1 · 90 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.