Equity
€337,150 ▲ 141%
Equity rose in 2025 from €139,629 to €337,150.
MONTE GROUP
Overview
Lifetime
2 annual accounts with figures on one time axispeak €298,980 (2025)
€298,980▲ 56.8%
peak €197,520 (2025)
€197,520▲ 46.7%
peak €337,150 (2025)
€337,150▲ 141%
€201,983▲ 149%
Board1 name since 2023
1 directorMKRTCHYAN,Arthuur
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Gross margin from €190,667 to €298,980Result from €134,629 to €197,520Equity from €139,629 to €337,150Debts from €81,041 to €201,983Cash from €180,264 to €432,775
Key points
from the 2025 annual accountsStaff
1 employees on 31-12-2025
In 2025, 3 people joined and 2 left.
Position in the sector
€197,520
Higher net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
91
Excellent
Financially stronger than 85% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%
01-2025: 5.0%▲ +0.5 percentage points vs 12-2024
02-2025: 5.2%▲ +0.2 percentage points vs 01-2025
03-2025: 5.2%● unchanged vs 02-2025
04-2025: 5.1%▼ -0.1 percentage points vs 03-2025
05-2025: 5.1%● unchanged vs 04-2025
06-2025: 5.5%▲ +0.4 percentage points vs 05-2025
07-2025: 5.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -5.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.2 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.3%▲ +0.2 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2023
lowers risk
Liquidity: current ratio 3.20, cash €432,775
Figures for financial year 2025 (filed on 26-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 68% of them on solvency, 85% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MONTE GROUP has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MONTE GROUP itself is lower: 0.3% within 12 months. It rests on far more data about MONTE GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MONTE GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.2 (2.57 in 2024), above the usual 1.5. Short-term debt is 30.4% and cash 80.3% of total assets. 37.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 days early
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Sint-Truiden to Alken
New registered office: Steenweg 298, 3570 Alken · Previous registered office: Vliegveldlaan 120 3800 Sint-Truiden België · General meeting of 30-09-2026 · Gazette deed
Registered office moved within Sint-Truiden
New registered office: Vliegveldlaan 120-3800 Sint-Truiden · Previous registered office: Hasseltsesteenweg 82 bus 4, 3800 Sint-Truiden · General meeting of 04-03-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804036562
Incorporation
Founding capital of €5,000, 1,000 shares · Founder: MKRTCHYAN, Arthuur · Appointment: MKRTCHYAN, Arthuur (director) · published on 19-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MONTE GROUP Alken | €539,132 | €298,980 | 62.5% | - |
| Husly Stabroek | €553,279 | €283,847 | 18.6% | 3.1 |
| Dirk Derycke Nazareth-De Pinte | €560,067 | €272,144 | 85.1% | - |
| DEVUYST ECHAFAUDAGES Florennes | €457,804 | €285,599 | 18.4% | - |
| DRMAT Ninove | €533,903 | €338,092 | -11.8% | 2.3 |
| JT-PROJECTS Pajottegem | €491,288 | €338,907 | 35.1% | - |
| Tuin- en Klinkerwerken Bours Maaseik | €486,961 | €289,631 | 39.5% | - |
These companies have the same main activity as MONTE GROUP: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €458,000 and €560,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 17-07-2023Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 7 others
- Joint committees
- 149.01Electricians: installation and distribution
- 124Construction · annual accounts 2025
- Establishment unit
- 2.347.894.6013800 Sint-Truiden, since 17-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2023
Annual accounts 2025
- €298,980▲ 56.8%
- ≈ €910,000estimated
- €197,520▲ 46.7%
- €337,150▲ 141%
- €539,132▲ 144%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on MONTE GROUP
MONTE GROUP has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337,150 and a net result of €197,520.
Its solvency ranks better than 68% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-06-2026, 35 days before the deadline€298,980
▲ 56.8%
€257,229
▲ 49.0%
€197,520
▲ 46.7%
€361,534
▲ 185%
62.5%
▼ 0.7 percentage points
3.20
▲ 0.64
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €910,000. Estimated: probably between €570,000 and €1.2m.
Balance sheet
balance sheet total €539,132 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
62.5%
Higher than 68% of 35,136 companies in 2025.
3.20
Higher than 73% of 34,510 companies in 2025.
36.6%
Higher than 91% of 34,711 companies in 2025.
MONTE GROUP
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€54,535
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 3 people joined and 2 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
539,132 | 220,670 | |
21/28 |
13,629 | 12,652 | |
22/27 |
13,629 | 12,652 | |
23 |
1,440 | 831 | |
24 |
12,189 | 11,821 | |
29/58 |
525,503 | 208,018 | |
3 |
60,000 | - | |
30/36 |
60,000 | - | |
40/41 |
32,728 | 27,754 | |
40 |
19,748 | 27,754 | |
41 |
12,979 | - | |
54/58 |
432,775 | 180,264 | |
| Balance sheet: equity and liabilities | |||
10/49 |
539,132 | 220,670 | |
10/15 |
337,150 | 139,629 | |
10/11 |
5,000 | 5,000 | |
14 |
332,150 | 134,629 | |
17/49 |
201,983 | 81,041 | |
17 |
38,014 | - | |
170/4 |
38,014 | - | |
42/48 |
163,969 | 81,041 | |
42 |
11,986 | - | |
44 |
1,053 | 9,331 | |
440/4 |
1,053 | 9,331 | |
45 |
137,007 | 57,209 | |
450/3 |
99,564 | 40,209 | |
454/9 |
37,443 | 17,000 | |
47/48 |
13,923 | 14,502 | |
| Income statement | |||
9900 |
298,980 | 190,667 | |
62 |
32,721 | 11,807 | |
630 |
7,670 | 5,534 | |
640/8 |
253 | 655 | |
66A |
1,107 | - | |
9901 |
257,229 | 172,671 | |
75/76B |
- | 573 | |
76B |
- | 573 | |
65/66B |
107 | 81 | |
65 |
107 | 81 | |
9903 |
257,122 | 173,162 | |
67/77 |
59,602 | 38,533 | |
9904 |
197,520 | 134,629 | |
9905 |
197,520 | 134,629 | |
| Appropriation of the result | |||
9906 |
332,150 | 134,629 | |
14P |
134,629 | - | |
| Social balance sheet | |||
9087 |
0.6 | 0.2 | |
Hours worked1013 |
856 | 464 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2025, 1 entry, €257 awarded
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 264,899 | 178,205 | ||
| 205,190 | 140,163 | ||
| 8,646 | 18,186 | ||
| 252,512 | - | ||
| 361,534 | 126,977 | ||
| 62.5% | 63.3% | ||
| 3.20 | 2.57 | ||
| 2.84 | 2.57 | ||
| 0.60 | 0.58 | ||
| 58.6% | 96.4% | ||
| 36.6% | 61.0% | ||
| over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| 0.6 | 0.2 | |
| On a permanent contract | 1 | - |
| Joined | 3 | 1 |
| Left | 2 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €8,646 | €18,186 |
| €7,670 | €5,534 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MONTE GROUP
The operating result for 2025 is 49% higher than in 2024.
Debt's share of the balance-sheet total rises from 36.7% to 37.5%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector
since 17-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 26-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 19-07-2023
Mandates through the years
1 name, the dashed line is todayMKRTCHYAN,Arthuur
Director
Director
Board
Mandates as a list
- MKRTCHYAN,Arthuur
- Director, from 17-07-2023 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 1,000
- Contribution per share
- €5
- Equity per share
- €337 in 2025
- Source
- deed of 19-07-2023
Articles of association
deed of 19-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,000 shares
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft overdrager en helft koper(s) naar evenredigheid aantal aandelen,ook bij erfgenaam/legataris, overdracht van aandelen”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, ten minste vijftien dagen te rekenen van dag openstelling intekening”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June
Shareholders
At incorporation
deed of 19-07-2023 ↗
- MKRTCHYAN,Arthuur 1,000 shares (100%)
Network & group
No group
MONTE GROUP has no parent and no holdings in its annual accounts. MKRTCHYAN,Arthuur is the only director. MONTE GROUP shares no director with another company.
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered office moved from Sint-Truiden to AlkenNew registered office: Steenweg 298, 3570 Alken · Previous registered office: Vliegveldlaan 120 3800 Sint-Truiden België · General meeting of 30-09-20262 points ▸
- General meeting, 30-09-2026
- Registered-office move, Steenweg 298, 3570 Alken
- The deed holds 1 more point.
Annual accounts 2025 filed NBBmicro format · 35 days before the deadline
2025
Equity above €200,000 equity €337,150 ▲141% With a profit in every financial year since 2024, equity grows to €337,150.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Registered office moved within Sint-TruidenNew registered office: Vliegveldlaan 120-3800 Sint-Truiden · Previous registered office: Hasseltsesteenweg 82 bus 4, 3800 Sint-Truiden · General meeting of 04-03-20242 points ▸
- General meeting, 04-03-2024
- Registered-office move, Vliegveldlaan 120-3800 Sint-Truiden
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804036562
IncorporationFounding capital of €5,000, 1,000 shares · Founder: MKRTCHYAN, Arthuur · Appointment: MKRTCHYAN, Arthuur (director) · published on 19-07-20235 points ▸
- Founder, MKRTCHYAN, Arthuur
- Founding capital, €5,000, 1,000 shares
- Registered office clause, Hasseltsesteenweg 82/4, 3800 Sint-Truiden
- Board rule, 1
- Director appointment, MKRTCHYAN, Arthuur
- The deed holds 2 more points.
First establishment Vliegveldlaan 120, Sint-Truiden
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0804.036.562
- VAT number
- BE 0804.036.562
- Peppol ID
- 0208:0804036562
- Other Peppol ID
- 9925:BE0804036562
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Junedeed of 19-07-2023 (in Dutch)
- Peppol
- Reachable since 30-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MONTE GROUP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 19-07-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
43990
Other specialised construction activities main activity
Social security (RSZ) activities
42220
Construction of utility projects for electricity and telecommunications main activity
Joint committees annual accounts 2025
JC 149.01
Electricians: installation and distribution
JC 124
Construction
Codes under NACEBEL 2008
43995
Specialised construction activities main activity
33200
Installation of industrial machinery and equipment
42220
Construction of utility projects for electricity and telecommunications
43211
Specialised construction activities
43222
Specialised construction activities
45113
45201
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Kopen,verkopen,plaatsen en herstellen van zonnepanelen; Uitbating van garage bedrijf,onderhoud & herstellingen voertuigen,bandenservice…”deed of 19-07-2023 (in Dutch)
17 activities
- Kopen,verkopen,plaatsen en herstellen van zonnepanelen.
- Uitbating van garage bedrijf,onderhoud & herstellingen voertuigen,bandenservice;
- Groot en kleinhandel motorvoertuigen;
- Kleinhandel in onderdelen,banden,onderhoudsproducten,carrosseriebenodigdheden,lakken,verven en vernissen en aanverwante artikelen en producten;
- Exploitatie van een carrosseriewerkplaats;
- Detailhandel in onderdelen en accessoires van motorvoertuigen
- Revisie van materialen en goederen;
- Exploitatie van een depannagedienst,uitbaten van parkings en stallingsplaatsen voor voertuigen;
- Verhuur of operationele leasing van voertuigen;
- Import export handelsgoederen;
- Carwash – Handcarwash,detail cleaning;
- Immobiel,aan en verkoop huizen;
- Bouwactiviteiten,metser,sanitair,elektriciteit,ruwbouw,plaatsen van isolatie,schrijnwerkerij,vloerder,dakwerken,schilder,niet limitatief;
- Diverse dienstverleningen,
- Algemeen bouw,renovatie;
- Handel in vloeibare brandstoffen,LPGgas en smeermiddelen;
- Uitbaten van een taxibedrijf,transportbedrijf,koerierdiensten,busbedrijf,goederen en personenvervoer nationaal en internationaal,niet limitatief;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Steenweg 298 registered office 3570 Alken | ||
| Vliegveldlaan 120 3800 Sint-Truiden | 17-07-2023 | 2.347.894.601 |
1 former office
- Vliegveldlaan 120, 3800 Sint-Truiden until 01-10-2026 · deed of 02-10-2026
Buildings and parcels at the addresses
- Ground area
- 1,688 m²
- Buildings
- 355 m²
- Volume, LiDAR
- 1,853 m³
- Tallest building
- 9.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71009C0001/00L002 | 1,047 m² | 1 · 165 m² | 9.5 m · 2 |
| 73001K0306/00H002 | 640 m² | 1 · 190 m² | 8.9 m · 1 |
Recognitions
Recognised contractor
6 categoriesMONTE GROUP BVapproval number 44005
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- P3 Overhead power linesclass 1, up to €162,000
- S General telecoms and data management contractsclass 1, up to €162,000
- S1 Public telephone and telegraph equipmentclass 1, up to €162,000
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.036.562