MONTAMAR
ActiveMONTAMAR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €484. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+72
Solvency72▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.8 in 2023; short-term debt: 52.5% and cash: 30.7% of total assets), but 52.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.1%
Return on assets
2.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
20 d late
2022
25 d late
2021
22 d early
2020
40 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€9k▲ 5.8%
2023 · €8k
2018: €12k
2019: €19k
2020: €25k
2021: €20k
2022: €20k
2023: €8k
2018 → 2024
Total assets
€19k▲ 7.8%
2023 · €17k
2018: €54k
2019: €56k
2020: €48k
2021: €38k
2022: €32k
2023: €17k
2018 → 2024
Net result
€484
2023 · €-12k
2018: €8k
2019: €7k
2020: €6k
2021: €-5k
2022: €231
2023: €-12k
2018 → 2024
Working capital
€8k▲ 12.7%
2023 · €7k
2018: €5k
2019: €14k
2020: €22k
2021: €19k
2022: €19k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€20k▼ 21.2%€20k▲ 1.2%€8k▼ 58.7%€9k▲ 5.8%
Operating result€8k-€-5k€293€-11k€630
Net result€6k-€-5k€231€-12k€484
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: €630 after a loss of €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19k
Fixed assets
€731▼ 34.1%
Current assets
€18k▲ 10.7%
Equity and liabilities €19k
Equity
€9k▲ 5.8%
Debt
€10k▲ 9.7%
The debt ratio rises from 52.0% to 52.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1k▲
2023 · €-11k
Cash flow
€862▲
2023 · €-11k
Solvency
47.1%▼
2023 · 48.0%
Current ratio
1.83▲
2023 · 1.80
Quick ratio
1.83▲
2023 · 1.80
Debt / equity
1.12▲
2023 · 1.08
ROE
5.5%▲
2023 · -142.0%
ROA
2.6%▲
2023 · -68.2%
Interest coverage
6.89▲
2023 · -11.40
Debt
€10k▲
2023 · €9k
Debt ≤ 1 year
€10k▲
2023 · €9k
Staff costs
€99k▼
2023 · €106k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17k€19k▲
Fixed assets21/28€1k€731▼
Tangible fixed assets22/27€1k€731▼
Plant, machinery and equipment23€1k€731▼
Current assets29/58€16k€18k▲
Amounts receivable within one year40/41€14k€11k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€484€829▲
Cash at bank and in hand54/58€318€6k▲
Deferred charges and accrued income490/1€2k€836▼
Equity and liabilities
Total equity and liabilities10/49€17k€19k▲
Equity10/15€8k€9k▲
Contributions10/11€6k€6k=
Reserves13€14k€14k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-12k€-11k▲
Amounts payable17/49€9k€10k▲
Amounts payable within one year42/48€9k€10k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€5k€0▼
Credit institutions430/8€5k€0▼
Trade debts44€864€3k▲
Suppliers440/4€864€3k▲
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€21€578▲
Remuneration and social security454/9€3k€6k▲
Accrued charges and deferred income492/3€20€70▲
Income statement
Code20232024
Remuneration, social security and pensions62€106k€99k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266€378▲
Other operating charges640/8€6k€1k▼
Gross operating margin9900€101k€101k▼
Operating profit (loss)9901€-11k€630▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€926€146▼
Recurring financial charges65€926€146▼
Profit (loss) for the period before taxes9903€-12k€484▲
Profit (loss) for the period9904€-12k€484▲
Profit (loss) for the period to be appropriated9905€-12k€484▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-11k▲
Profit (loss) brought forward from the previous period14P-€-12k
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)9087-2.7
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €484
Net result €484 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-12k ▼5189%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Back to profitnet €231
Net result €231 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zottegem · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ballingsweg 229620 ZottegemGround area
2,628 m²
Building footprint
41 m²
Volume, LiDAR
117 m³
Parcel 41023A0744/00R000, Flanders · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Montamar
since 20172.268.002.035
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0744/00R000 | Flanders | 2,628 m² | 1 · 41 m² | 4.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,891 EUR awarded · 2,891 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 516 EUR | 516 EUR |
| 2024 | 1 | 156 EUR | 156 EUR |
| 2023 | 1 | 0 EUR | 904 EUR |
| 2022 | 1 | 2,219 EUR | 1,315 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,232. 1,381 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2017
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
43130Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.