Monreal
ActiveSummary
Monreal has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €412k and a net result of €428k. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+87
Solvency63▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 1.94 in 2023; short-term debt: 31% and cash: 7.8% of total assets), but 61.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.1%
Return on assets
39.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
9 d late
2022
21 d late
2021
31 d late
2020
4 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€412k▼ 4.4%
2023 · €431k
Total assets
€1.08M▼ 46.1%
2023 · €2.00M
Net result
€428k
2023 · €-134k
Working capital
€666k▲ 133%
2023 · €286k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€49k▼ 44.6%€-8k€49k€-92k€690k
Net result€13k▼ 61.9%€-38k€5k€-134k€428k
Equity€179k▲ 7.9%€141k▼ 21.1%€565k▲ 301%€431k▼ 23.8%€412k▼ 4.4%
Total assets€1.69M▲ 17.9%€1.32M▼ 21.8%€2.12M▲ 59.9%€2.00M▼ 5.2%€1.08M▼ 46.1%
Debt€1.50M▲ 19.3%€1.17M▼ 22.0%€1.54M▲ 31.4%€1.56M▲ 1.5%€479k▼ 69.4%
Working capital€10k€-47k€357k€286k▼ 20.0%€666k▲ 133%
Staff (FTE)1▲ 100%0.5▼ 50.0%
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 returns to profit in 2024: €690k after a loss of €92k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.08M
Fixed assets
€80k ▼ 94.3%
Current assets
€1.00M ▲ 69.2%
Equity and liabilities €1.08M
Equity
€412k ▼ 4.4%
Provisions
€191k ▲ 1,761%
Debt
€479k ▼ 69.4%
Debt's share of the balance-sheet total falls from 78.0% to 44.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€716k▲
2023 · €15k
Cash flow
€454k▲
2023 · €-27k
Current ratio
2.99▲
2023 · 1.94
Quick ratio
2.91▲
2023 · 1.85
Debt to equity
1.16▼
2023 · 3.63
ROE
103.9%▲
2023 · -31.2%
ROA
39.6%▲
2023 · -6.7%
Interest coverage
5.91▲
2023 · 0.24
Debt ≤ 1 year
€335k▲
2023 · €306k
Debt > 1 year
€138k▼
2023 · €1.26M
Income taxes
€2k▲
2023 · €-256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €25k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64k | €61k | €75k | €108k | €26k | ▼ 75.9% |
| Other operating charges640/8 | - | €8k | €4k | €42k | €13k | ▼ 69.3% |
| Non-recurring operating charges66A | - | - | €9k | €0 | €24k | - |
| Gross operating margin9900 | €156k | €86k | €137k | €57k | €753k | ▲ 1,218% |
| Operating profit (loss)9901 | €49k | €-8k | €49k | €-92k | €690k | ▲ 847% |
| Financial income75/76B | - | €7k | €8k | €21k | €41k | ▲ 97.5% |
| Recurring financial income75 | €8k | €7k | €8k | €21k | €41k | ▲ 97.5% |
| Financial charges65/66B | - | €28k | €45k | €63k | €121k | ▲ 91.9% |
| Recurring financial charges65 | €25k | €28k | €45k | €63k | €121k | ▲ 91.9% |
| Profit (loss) for the period before taxes9903 | €31k | €-29k | €13k | €-135k | €610k | ▲ 553% |
| Transfer from deferred taxes780 | - | - | - | - | €10k | - |
| Transfer to deferred taxes680 | - | - | - | - | €191k | - |
| Income taxes67/77 | €18k | €9k | €8k | €-256 | €2k | ▲ 813% |
| Profit (loss) for the period9904 | €13k | €-38k | €5k | €-134k | €428k | ▲ 418% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €21k | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €572k | - |
| Profit (loss) for the period to be appropriated9905 | €13k | €-38k | €5k | €-134k | €-123k | ▲ 8.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.69M | €1.32M | €2.12M | €2.00M | €1.08M | ▼ 46.1% |
| Fixed assets21/28 | €1.10M | €1.04M | €1.52M | €1.41M | €80k | ▼ 94.3% |
| Tangible fixed assets22/27 | €1.10M | €1.04M | €1.52M | €1.41M | €65k | ▼ 95.4% |
| Land and buildings22 | - | €1.04M | €1.41M | €1.33M | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €3k | €7k | €6k | €5k | ▼ 18.5% |
| Furniture and vehicles24 | - | €2k | €101k | €77k | €61k | ▼ 21.4% |
| Financial fixed assets28 | - | - | - | - | €15k | - |
| Current assets29/58 | €590k | €280k | €595k | €592k | €1.00M | ▲ 69.2% |
| Amounts receivable after more than one year29 | - | €197k | €199k | €112k | €116k | ▲ 3.6% |
| Other amounts receivable291 | - | €197k | €199k | €112k | €116k | ▲ 3.6% |
| Stocks and contracts in progress3 | €25k | €25k | €25k | €25k | €25k | = |
| Stocks30/36 | - | €25k | €25k | €25k | €25k | = |
| Amounts receivable within one year40/41 | €454k | €40k | €265k | €423k | €775k | ▲ 83.0% |
| Trade receivables40 | - | €29k | €29k | €28k | €63k | ▲ 122% |
| Other amounts receivable41 | - | €11k | €236k | €395k | €712k | ▲ 80.2% |
| Current investments50/53 | - | €5 | €36 | €20 | €33 | ▲ 65.2% |
| Cash at bank and in hand54/58 | €9k | €7k | €98k | €26k | €85k | ▲ 229% |
| Deferred charges and accrued income490/1 | - | €11k | €8k | €5k | €197 | ▼ 96.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.69M | €1.32M | €2.12M | €2.00M | €1.08M | ▼ 46.1% |
| Equity10/15 | €179k | €141k | €565k | €431k | €412k | ▼ 4.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | - | - | - | €6k | - |
| Other1109/19 | - | - | - | - | €6k | - |
| Revaluation surpluses12 | - | €64k | €484k | €447k | €0 | ▼ 100% |
| Reserves13 | €91k | €95k | €95k | €132k | €574k | ▲ 336% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €21k | €21k | €21k | €572k | ▲ 2,650% |
| Distributable reserves133 | - | €72k | €72k | €109k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €13k | €-25k | €-20k | €-154k | €-168k | ▼ 9.2% |
| Provisions and deferred taxes16 | €10k | €10k | €10k | €10k | €191k | ▲ 1,761% |
| Deferred taxes168 | - | €10k | €10k | €10k | €191k | ▲ 1,761% |
| Amounts payable17/49 | €1.50M | €1.17M | €1.54M | €1.56M | €479k | ▼ 69.4% |
| Amounts payable after more than one year17 | €919k | €845k | €1.30M | €1.26M | €138k | ▼ 89.0% |
| Financial debts170/4 | - | €845k | €1.30M | €1.26M | €138k | ▼ 89.0% |
| Amounts payable within one year42/48 | €580k | €327k | €238k | €306k | €335k | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €66k | €14k | €14k | €15k | ▲ 3.1% |
| Financial debts43 | - | €95k | €86k | €66k | €45k | ▼ 31.6% |
| Credit institutions430/8 | - | €95k | €86k | €66k | €45k | ▼ 31.6% |
| Trade debts44 | €9k | €79k | €36k | €41k | €60k | ▲ 46.4% |
| Suppliers440/4 | - | €79k | €36k | €41k | €60k | ▲ 46.4% |
| Taxes, remuneration and social security45 | - | €88k | €102k | €119k | €9k | ▼ 92.3% |
| Taxes450/3 | - | €86k | €102k | €119k | €9k | ▼ 92.3% |
| Remuneration and social security454/9 | - | €2k | €0 | - | - | - |
| Other amounts payable47/48 | - | €0 | - | €65k | €206k | ▲ 216% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | €5k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-38k | €5k | €-134k | €428k | ▲ 418% |
| + Depreciation and write-downs630 | €64k | €61k | €75k | €108k | €26k | ▼ 75.9% |
| Operating cash flow (approximation) | €78k | €24k | €80k | €-27k | €454k | ▲ 1,797% |
| Investment in fixed assets (approximation) | - | €-3k | €-552k | €-418 | €1.31M | ▲ 312,775% |
| Change in cash | - | €-1k | €91k | €-72k | €59k | ▲ 182% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €428k
Net result €428k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.50
Current ratio from 0.86 to 2.50; short-term debt falls from €327k to €238k.
31-12
Financial
Equity above €500kEq €565k ▲301%
Equity rises from €141k to €565k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €166k ▲201%
2 profitable years in a row build equity to €166k.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2008
Ground area
9,776 m²
Building footprint
3,052 m²
Volume, LiDAR
107,160 m³
Parcel 21813A0484/00G000, Brussels · tallest building 61.6 m, ±9 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
MONREAL
since 20082.171.920.367
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,165 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
Founded20-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.