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Generated 08-08-2026
Active BE 0442.282.881Private limited company

MONSIF

d'Aumalestraat 110 ·1070 Anderlecht, Belgium· 35 yrs active
Sector: Food manufacturing (10712)
Conclusion Checked

The computed 12-month bankruptcy probability of MONSIF is 2.6% (moderate). The 2022 annual accounts show equity of €14k and a net result of €-40k. Equity is shrinking by ~16.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 48% of 400 sector peers (fiscal year 2022). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €14k
Net result €-40k
Better than sector 48%
Active 35 yrs
Snowflake analysis 5 axes · computed by Checked
Health12Profitability0Solvency13Growth32Stability100
31 / 100

Fragile profile, watch profitability in particular.

Health 12
Profitability 0
Solvency 13
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.6% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1990, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
12 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 25-01-2024 with the NBB · fiscal year 2022 · micro
€-50k€-25k€0€25k€50kOperating result 2018: €27k€27kNet result 2018: €52k€52kOperating result 2019: €-6k€-6kNet result 2019: €30k€30kOperating result 2020: €-1k€-1kNet result 2020: €27k€27kOperating result 2022: €-40k€-40kNet result 2022: €-40k€-40k2018201920202022
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2025, assuming unchanged policy.
€-50k€0€50k€100k2023: €24k (€11k - €36k)2024: €11k (€-9k - €32k)2025: €-856 (€-29k - €27k)2018: €83k2019: €75k2020: €72k2022: €14k2018201920202022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2022 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 13.4% 14.7%
better than 48% of 400 sector peers
Net result €-40k €3k
better than 12% of 399 sector peers
Equity €14k €16k
better than 48% of 400 sector peers
Gross operating margin €35k €41k
better than 46% of 399 sector peers
Staff costs €70k €46k
higher than 64% of 265 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€10k
+135.5% -90% vs sector
Net profit
€-40k
- far below sector median
Cash flow
€39k
-2.6% -55% vs sector
Total assets
€107k
-20.9% -72% vs sector
Equity
€14k
-80.2% -95% vs sector
Working capital
€-28k
- far below sector median
Employees (FTE)
3
- -29% vs sector
Staff costs
€70k
- -71% vs sector
Income taxes
€688
-69.1% -81% vs sector
Dividends
€14k
- 18-22
Debt
€92k
+47.4% +7% vs sector
Debt ≤ 1y
€86k
+59.3% +19% vs sector
Debt > 1y
€7k
-25.7% -98% vs sector
Current ratio
0.68
-57.8% -85% vs sector
Quick ratio
0.39
-65.4% -91% vs sector
Solvency
13.4%
-74.9% -83% vs sector
Debt / equity
6.44
+5187.4% far above sector median
ROE
-279.7%
- far below sector median
ROA
-37.6%
- far below sector median
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA-
Net profit€-40k
Cash flow-
Staff costs€70k
Income taxes-
Dividends-
Total assets€107k
Equity€14k
Debt€92k
of which ≤ 1y€86k
of which > 1y€7k
Working capital€-28k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.68
Quick ratio0.39
Working capital ratio-26.1%
Solvency13.4%
Debt / equity6.44
Long-term debt ratio0.46
Interest coverage-
Gross margin-
Net margin-
ROA-37.6%
ROE-279.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€107k
Fixed assets 21/28€49k
Tangible fixed assets 22/27€49k
Financial fixed assets 28€20
Current assets 29/58€58k
Stocks & contracts in progress 3€24k
Amounts receivable within one year 40/41€33k
Cash & bank 54/58€576
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€107k
Equity 10/15€14k
Contributions / capital 10/11€19k
Reserves 13€27k
Accumulated profits (losses) 14€-31k
Amounts payable 17/49€92k
Amounts payable after one year 17€7k
Amounts payable within one year 42/48€86k
Trade debts payable within one year 44€70k
Income statement
Gross operating margin 9900€35k
Operating result 9901€-40k
Result before taxes 9903€-40k
Net result for the period 9904€-40k
Result to be appropriated 9905€-40k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • EL MAMOUNI Ahmed
    Director
    State Gazette act 15040429 (17-03-2015)
    Not recently confirmed
    last confirmed in an act from 2015
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Food manufacturing(10712)
Legal form Private limited company(610)
Incorporation21-10-1990
StatusActive
Postal code1070
Establishment units 1 location
MONSIF
d'Aumalestraat 110, 1070 AnderlechtDetailhandel in brood-, banketbakkerswerk en suikerwerk
since 19912.050.860.310
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0533/00L003 Brussels 143 m² 1 · 206 m² 14.3 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 17 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
16-02-2026
State Gazette act Statutes amendment
v3.2
2024
25-01-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
10-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
17-12-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
20-04-2018
NBB filing Annual accounts filed
fiscal year 2016 · volledig
09-02-2018
State Gazette act Capital & shares
v3.2
2017
23-05-2017
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2016
26-07-2016
State Gazette act Director changes
v3.2
01-06-2016
State Gazette act Director changes
v3.2
2015
20-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
17-03-2015
State Gazette act Director changes
v3.2
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
11-08-2014
State Gazette act Director changes
v3.2
02-05-2014
State Gazette act Director changes
v3.2
2013
27-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
Belgisch Staatsblad, acts 7 acts
Capital history · 1
09-02-2018
v3.2
All acts · 7 updated 5 months ago
2026
16-02-2026 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2026-01-14",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2018
09-02-2018 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": 28,
      "currency": null,
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2017-12-31",
      "evidence_quote": "Monsieur EL MAIMOUNI EL MAIMOUNI Mohamed c\u00E8de 28 parts \u00E0 Monsieur BOUAZIZ Ahmed.",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
2016
26-07-2016 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
01-06-2016 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
2015
17-03-2015 EL MAMOUNI Ahmed reappointed as director Director changes
  • EL MAMOUNI Ahmed, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "EL MAMOUNI Ahmed",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e d\u00E9cide de renouveler le mandat des administrateurs pour une p\u00E9riode de six ans"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
2014
11-08-2014 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
02-05-2014 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0442.282.881",
    "name_full": "MONSIF",
    "legal_form": "SCRL"
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Artisanale brood- en banketbakkerijen15812Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in brood-, banketbakkerswerk en suikerwerk52240
Primary activity highlighted.
Names & trade names
Legal nameFR MONSIF
Registered office
d'Aumalestraat 110
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative