MONTANA
ActiveMONTANA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.65 against 2.0 in 2024; short-term debt: 5.1% and cash: 25.5% of total assets), and 5.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
94.9%
Return on assets
-5.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
1 d early
2022
1 d early
2021
25 d late
2020
26 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 5.3%
2024 · €65k
2019: €51k
2020: €60k
2021: €64k
2022: €62k
2023: €65k
2024: €65k
2019 → 2025
Total assets
€64k▼ 15.1%
2024 · €76k
2019: €61k
2020: €71k
2021: €72k
2022: €76k
2023: €75k
2024: €76k
2019 → 2025
Net result
€-3k▼ 668%
2024 · €-444
2019: €780
2020: €9k
2021: €4k
2022: €-2k
2023: €3k
2024: €-444
2019 → 2025
Working capital
€19k▲ 63.7%
2024 · €11k
2019: €18k
2020: €28k
2021: €35k
2022: €33k
2023: €52k
2024: €11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€62k▼ 2.8%€65k▲ 5.0%€65k▼ 0.7%€61k▼ 5.3%
Operating result€5k-€-2k€5k€665▼ 86.1%€-3k
Net result€4k-€-2k€3k€-444€-3k▼ 668%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €665 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€42k▼ 20.1%
Current assets
€22k▼ 3.5%
Equity and liabilities €64k
Equity
€61k▼ 5.3%
Debt
€3k▼ 70.9%
The debt ratio falls from 15.0% to 5.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €8k
Cash flow
€7k▲
2024 · €7k
Solvency
94.9%▲
2024 · 85.0%
Current ratio
6.65▲
2024 · 2.00
Quick ratio
6.65▲
2024 · 2.00
Debt / equity
0.05▼
2024 · 0.18
ROE
-5.6%▼
2024 · -0.7%
ROA
-5.3%▼
2024 · -0.6%
Interest coverage
29.69▼
2024 · 56.60
Debt
€3k▼
2024 · €11k
Debt ≤ 1 year
€3k▼
2024 · €11k
Income taxes
€0▼
2024 · €968
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76k€64k▼
Fixed assets21/28€53k€42k▼
Tangible fixed assets22/27€53k€42k▼
Land and buildings22€10k€10k=
Plant, machinery and equipment23€363€0▼
Furniture and vehicles24€43k€33k▼
Current assets29/58€23k€22k▼
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€3k€0▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€13k€16k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€76k€64k▼
Equity10/15€65k€61k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€-2k€-5k▼
Amounts payable17/49€11k€3k▼
Amounts payable within one year42/48€11k€3k▼
Trade debts44€3k€486▼
Suppliers440/4€3k€486▼
Taxes, remuneration and social security45€968-
Taxes450/3€968-
Other amounts payable47/48€7k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€10k€9k▼
Operating profit (loss)9901€665€-3k▼
Financial charges65/66B€141€253▲
Recurring financial charges65€141€253▲
Profit (loss) for the period before taxes9903€524€-3k▼
Income taxes67/77€968€0▼
Profit (loss) for the period9904€-444€-3k▼
Profit (loss) for the period to be appropriated9905€-444€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-5k▼
Profit (loss) brought forward from the previous period14P€-1k€-2k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 6.65
Current ratio from 2.00 to 6.65; short-term debt falls from €11k to €3k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Liquidity doublescurrent ratio 11.79
Current ratio from 5.79 to 11.79; short-term debt falls from €6k to €3k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Highest result since 2019net €9k ▲1023%
Operating result €9k, net result €9k, both a record.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
20-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Nivelles · 1 establishment unit since 1992
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.
Avenue du Monde 126B1400 NivellesGround area
1,200 m²
Building footprint
345 m²
Volume, LiDAR
2,057 m³
Parcel 25783F0239/00S002, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MONTANA
since 19922.130.790.981
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783F0239/00S002 | Wallonia | 1,200 m² | 1 · 345 m² | 9.6 m · 2 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.
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THOMAERE CONSULT
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 5,023 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-1987
Fiscal year end30-06
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.