MONTARA
ActiveSummary
For the legal form of MONTARA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €281,541 and a net result of €18,899. Equity remains stable across the filed fiscal years (±1.2% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+3
Solvency100=
Growth78=
Track record100
Credit verdict
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.15 in 2024; short-term debt: 16.8% and cash: 7.9% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €281,541
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
23 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 24 August (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€24,600
EBIT margin
1.5%
Net result
€18,899▲ 54.5%
2024 · €12,230
Working capital
-€30,352▲ 40.9%
2024 · -€51,331
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€442▲ 3,434%€5,763▲ 1,203%€459▼ 92.0%€12,383▲ 2,601%€16,092▲ 29.9%
Net result€302€5,610▲ 1,758%€305▼ 94.6%€12,230▲ 3,906%€18,899▲ 54.5%
EBIT margin
Equity€244,496▲ 0.1%€250,106▲ 2.3%€250,411▲ 0.1%€262,641▲ 4.9%€281,541▲ 7.2%
Total assets€329,005▼ 4.8%€340,654▲ 3.5%€327,618▼ 3.8%€322,833▼ 1.5%€338,532▲ 4.9%
Debt€84,508▼ 16.6%€90,548▲ 7.1%€77,207▼ 14.7%€60,192▼ 22.0%€56,991▼ 5.3%
Working capital-€81,265▲ 15.1%-€75,235▲ 7.4%-€64,049▲ 14.9%-€51,331▲ 19.9%-€30,352▲ 40.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338,532
Fixed assets
€311,893 ▼ 0.7%
Current assets
€26,639 ▲ 201%
Equity and liabilities €338,532
Equity
€281,541 ▲ 7.2%
Debt
€56,991 ▼ 5.3%
Debt's share of the balance-sheet total falls from 18.6% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,172▲
2024 · €14,713
Cash flow
€20,979▲
2024 · €14,559
Current ratio
0.47▲
2024 · 0.15
Debt to equity
0.20▼
2024 · 0.23
ROE
6.7%▲
2024 · 4.7%
ROA
5.6%▲
2024 · 3.8%
Interest coverage
118.56▲
2024 · 95.99
Debt ≤ 1 year
€56,991▼
2024 · €60,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,115 | €10,855 | €10,880 | €2,329 | €2,080 | ▼ 10.7% |
| Other operating charges640/8 | €2,965 | €3,028 | €3,538 | €3,466 | €3,697 | ▲ 6.7% |
| Gross operating margin9900 | €17,522 | €19,645 | €14,877 | €18,178 | €21,868 | ▲ 20.3% |
| Operating profit (loss)9901 | €442 | €5,763 | €459 | €12,383 | €16,092 | ▲ 29.9% |
| Financial income75/76B | - | - | - | - | €2,961 | - |
| Recurring financial income75 | - | - | - | - | €2,961 | - |
| Financial charges65/66B | €141 | €153 | €153 | €153 | €153 | = |
| Recurring financial charges65 | €141 | €153 | €153 | €153 | €153 | = |
| Profit (loss) for the period before taxes9903 | €302 | €5,610 | €305 | €12,230 | €18,899 | ▲ 54.5% |
| Profit (loss) for the period9904 | €302 | €5,610 | €305 | €12,230 | €18,899 | ▲ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €302 | €5,610 | €305 | €12,230 | €18,899 | ▲ 54.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,005 | €340,654 | €327,618 | €322,833 | €338,532 | ▲ 4.9% |
| Fixed assets21/28 | €325,762 | €325,341 | €314,461 | €313,973 | €311,893 | ▼ 0.7% |
| Tangible fixed assets22/27 | €325,762 | €325,341 | €314,461 | €313,973 | €311,893 | ▼ 0.7% |
| Land and buildings22 | €325,762 | €325,341 | - | - | - | - |
| Other tangible fixed assets26 | - | - | €314,461 | €313,973 | €311,893 | ▼ 0.7% |
| Current assets29/58 | €3,243 | €15,313 | €13,158 | €8,860 | €26,639 | ▲ 201% |
| Cash at bank and in hand54/58 | €3,243 | €13,188 | €13,158 | €8,860 | €26,639 | ▲ 201% |
| Deferred charges and accrued income490/1 | - | €2,125 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,005 | €340,654 | €327,618 | €322,833 | €338,532 | ▲ 4.9% |
| Equity10/15 | €244,496 | €250,106 | €250,411 | €262,641 | €281,541 | ▲ 7.2% |
| Contributions10/11 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Capital10 | €173,525 | €173,525 | - | - | - | - |
| Issued capital100 | €173,525 | €173,525 | - | - | - | - |
| Outside capital11 | - | - | €173,525 | €173,525 | €173,525 | = |
| Other1109/19 | - | - | €173,525 | €173,525 | €173,525 | = |
| Revaluation surpluses12 | €228,577 | €228,577 | €228,577 | €228,577 | €228,577 | = |
| Profit (loss) carried forward14 | -€157,606 | -€151,996 | -€151,691 | -€139,461 | -€120,562 | ▲ 13.6% |
| Amounts payable17/49 | €84,508 | €90,548 | €77,207 | €60,192 | €56,991 | ▼ 5.3% |
| Amounts payable within one year42/48 | €84,508 | €90,548 | €77,207 | €60,192 | €56,991 | ▼ 5.3% |
| Trade debts44 | - | €10,434 | €0 | €3,201 | €0 | ▼ 100% |
| Suppliers440/4 | - | €10,434 | €0 | €3,201 | €0 | ▼ 100% |
| Other amounts payable47/48 | €84,508 | €80,114 | €77,207 | €56,991 | €56,991 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €302 | €5,610 | €305 | €12,230 | €18,899 | ▲ 54.5% |
| + Depreciation and write-downs630 | €14,115 | €10,855 | €10,880 | €2,329 | €2,080 | ▼ 10.7% |
| Operating cash flow (approximation) | €14,417 | €16,464 | €11,185 | €14,559 | €20,979 | ▲ 44.1% |
| Investment in fixed assets (approximation) | - | -€10,434 | -€0 | -€1,841 | €0 | ▲ 100% |
| Change in cash | - | €9,945 | -€31 | -€4,297 | €17,779 | ▲ 514% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
01-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, Raad van Bestuur
- Registered-office move, Lage Kaart 75,2930 Brasschaat
2025
31-12
Financial
Highest result since 2018net €18,899 ▲54.5%
Operating result €16,092, net result €18,899, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €302
Net result €302 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 1991
Ground area
1,891 m²
Building footprint
379 m²
Volume, LiDAR
1,718 m³
Parcel 11323F0094/00M006, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MONTARA
since 19912.052.195.445
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0094/00M006 | Flanders | 1,891 m² | 1 · 379 m² | 8.7 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.
Company details
Identification
Legal formNaamloze vennootschap van publiek recht
Founded06-11-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.