Summary
MONSTREY PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €173,423 and a net result of €5,623. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
38 d early
2023
37 d early
2022
39 d early
2021
37 d early
2020
8 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 oldest company in Bierbeek, Finance and insurance sector#8 company by total assets in Bierbeek, Finance and insurance sector
Equity
€173,423▲ 2.3%
2023 · €169,475
Net result
€5,623
2023 · -€21,903
Total assets
€1.3m▲ 6.4%
2023 · €1.2m
Solvency
13.8%▼ 0.5pp
2023 · 14.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,884▲ 1,555%€37,390▲ 10.3%-€25,476-€4,663▲ 81.7%€26,339
Net result€25,093within the sector's middle half▲ 2,087%€26,978within the sector's middle half▲ 7.5%-€34,716below the sector's middle half-€21,903below the sector's middle half▲ 36.9%€5,623within the sector's middle half
Equity€204,138within the sector's middle half▲ 13.0%€229,442within the sector's middle half▲ 12.4%€193,052within the sector's middle half▼ 15.9%€169,475below the sector's middle half▼ 12.2%€173,423below the sector's middle half▲ 2.3%
Total assets€419,195below the sector's middle half▲ 3.4%€434,033below the sector's middle half▲ 3.5%€809,926within the sector's middle half▲ 86.6%€1.2mwithin the sector's middle half▲ 46.4%€1.3mwithin the sector's middle half▲ 6.4%
Debt€215,056▼ 4.3%€204,591▼ 4.9%€616,874▲ 202%€1.0m▲ 64.7%€1.1m▲ 7.1%
Working capital-€42,172within the sector's middle half▲ 23.1%-€27,804within the sector's middle half▲ 34.1%-€200,057below the sector's middle half▼ 620%-€379,741below the sector's middle half▼ 89.8%-€495,243below the sector's middle half▼ 30.4%
Solvency48.7%within the sector's middle half▲ 4.1pp52.9%within the sector's middle half▲ 4.2pp23.8%below the sector's middle half▼ 29.0pp14.3%below the sector's middle half▼ 9.5pp13.8%below the sector's middle half▼ 0.5pp
Current ratio0.52within the sector's middle half▲ 0.140.68within the sector's middle half▲ 0.160.11below the sector's middle half▼ 0.560.17below the sector's middle half▲ 0.060.09below the sector's middle half▼ 0.08
Return on assets (ROA)6.0%within the sector's middle half▲ 5.7pp6.2%within the sector's middle half▲ 0.2pp-4.3%below the sector's middle half▼ 10.5pp-1.8%below the sector's middle half▲ 2.4pp0.4%within the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26,339 after a loss of €4,663 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▲ 9.3%
Current assets
€50,519 ▼ 35.1%
Equity and liabilities €1.3m
Equity
€173,423 ▲ 2.3%
Debt
€1.1m ▲ 7.1%
Debt's share of the balance-sheet total rises from 85.7% to 86.2%. Equity and debt are higher.
Key figures and ratios
ROE
3.2%▲
2023 · -12.9%
Debt ≤ 1 year
€545,761▲
2023 · €457,623
Debt > 1 year
€518,948▼
2023 · €550,742
Income taxes
€222
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,047 | €14,930 | €78,546 | €70,496 | €85,600 | ▲ 21.4% |
| Other operating charges640/8 | - | €2,272 | €4,596 | €3,603 | €4,746 | ▲ 31.7% |
| Gross operating margin9900 | €51,187 | €54,593 | €57,667 | €69,435 | €116,685 | ▲ 68.0% |
| Operating profit (loss)9901 | €33,884 | €37,390 | -€25,476 | -€4,663 | €26,339 | ▲ 665% |
| Financial income75/76B | - | €1 | €0 | - | €80 | - |
| Recurring financial income75 | - | €1 | €0 | - | €80 | - |
| Financial charges65/66B | - | €1,425 | €9,240 | €17,240 | €20,575 | ▲ 19.3% |
| Recurring financial charges65 | €1,519 | €1,425 | €9,240 | €17,240 | €20,575 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €32,366 | €35,966 | -€34,716 | -€21,903 | €5,845 | ▲ 127% |
| Income taxes67/77 | €7,273 | €8,988 | €0 | - | €222 | - |
| Profit (loss) for the period9904 | €25,093 | €26,978 | -€34,716 | -€21,903 | €5,623 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €25,093 | €26,978 | -€34,716 | -€21,903 | €5,623 | ▲ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,195 | €434,033 | €809,926 | €1.2m | €1.3m | ▲ 6.4% |
| Fixed assets21/28 | €374,413 | €375,809 | €784,228 | €1.1m | €1.2m | ▲ 9.3% |
| Tangible fixed assets22/27 | €374,413 | €375,809 | €784,228 | €1.1m | €1.2m | ▲ 9.3% |
| Land and buildings22 | - | €316,709 | €707,128 | €1.0m | €1.1m | ▲ 8.4% |
| Assets under construction and advance payments27 | - | €59,100 | €77,100 | €95,100 | €113,100 | ▲ 18.9% |
| Current assets29/58 | €44,781 | €58,225 | €25,698 | €77,882 | €50,519 | ▼ 35.1% |
| Amounts receivable within one year40/41 | €227 | €0 | - | - | - | - |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €44,554 | €58,225 | €25,698 | €77,882 | €48,219 | ▼ 38.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,195 | €434,033 | €809,926 | €1.2m | €1.3m | ▲ 6.4% |
| Equity10/15 | €204,138 | €229,442 | €193,052 | €169,475 | €173,423 | ▲ 2.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €68,200 | €66,525 | €64,851 | €63,177 | ▼ 2.6% |
| Reserves13 | €46,025 | €46,025 | €46,025 | €46,025 | €48,246 | ▲ 4.8% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €15,820 | €15,820 | €15,820 | €15,820 | = |
| Distributable reserves133 | - | €24,005 | €24,005 | €24,005 | €26,226 | ▲ 9.3% |
| Profit (loss) carried forward14 | €26,240 | €53,218 | €18,502 | -€3,401 | €0 | ▲ 100% |
| Amounts payable17/49 | €215,056 | €204,591 | €616,874 | €1.0m | €1.1m | ▲ 7.1% |
| Amounts payable after more than one year17 | €128,103 | €118,563 | €387,681 | €550,742 | €518,948 | ▼ 5.8% |
| Financial debts170/4 | - | €118,563 | €387,681 | €550,742 | €518,948 | ▼ 5.8% |
| Amounts payable within one year42/48 | €86,953 | €86,028 | €225,756 | €457,623 | €545,761 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | - | €9,540 | €22,456 | €31,322 | €31,794 | ▲ 1.5% |
| Financial debts43 | - | €75,000 | €200,000 | €403,438 | €510,980 | ▲ 26.7% |
| Other loans439 | - | €75,000 | €200,000 | €403,438 | €510,980 | ▲ 26.7% |
| Trade debts44 | €0 | - | €1,456 | €22,508 | €2,434 | ▼ 89.2% |
| Suppliers440/4 | - | - | €1,456 | €22,508 | €2,434 | ▼ 89.2% |
| Taxes, remuneration and social security45 | - | €1,488 | €1,488 | €0 | €198 | - |
| Taxes450/3 | - | €1,488 | €1,488 | €0 | €198 | - |
| Other amounts payable47/48 | - | - | €356 | €356 | €356 | = |
| Accrued charges and deferred income492/3 | - | - | €3,438 | €7,543 | €22,874 | ▲ 203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,093 | €26,978 | -€34,716 | -€21,903 | €5,623 | ▲ 126% |
| + Depreciation and write-downs630 | €15,047 | €14,930 | €78,546 | €70,496 | €85,600 | ▲ 21.4% |
| Operating cash flow (approximation) | €40,140 | €41,909 | €43,831 | €48,592 | €91,222 | ▲ 87.7% |
| Investment in fixed assets (approximation) | - | -€16,326 | -€486,966 | -€393,768 | -€188,587 | ▲ 52.1% |
| Change in cash | - | €13,670 | -€32,526 | €52,184 | -€29,663 | ▼ 157% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €5,623
Net result €5,623 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€34,716
Net result drops to -€34,716, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €26,978 ▲7.5%
Operating result €37,390, net result €26,978, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €204,138 ▲13%
3 profitable years in a row build equity to €204,138.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Bierbeek · 1 establishment unit since 1990
Ground area
271 m²
Building footprint
83 m²
Volume, LiDAR
414 m³
Parcel 24053B0123/00M000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Monstrey Projects
since 19902.049.497.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0123/00M000 | Flanders | 271 m² | 1 · 83 m² | 7.8 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Gilis & Monstrey
- MONSTREY PROJECTS
Highest known parent: Gilis & Monstrey. The sources do not say who stands above it.
Owners 1
- Gilis & Monstreyparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 232 companies in sector 64190 we hold annual accounts for 110. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
64190Financial service activities, except insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441412653
Also
9925:BE0441412653
Registered
05-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.