Active BE 0400.699.773Public limited company

montebi

Poortakkerstraat 9 ·9051 Gent, Belgium· 75 yrs active

Sector: Wholesale trade (46480)

Conclusion Checked

The computed 12-month bankruptcy probability of montebi is 1.4% (low). The 2019 annual accounts show negative equity (€-12.63M) and a net result of €-16.33M. The company has been active since 1951 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-12.63M
Net result	€-16.33M
Staff (FTE)	24.1
Active	75 yrs

Snowflake analysis 5 axes · computed by Checked

55 / 100

Mixed profile: strong on stability, weaker on health.

Health 31

Profitability 67

Solvency 40

Growth 50

Stability 85

Bankruptcy probability (12 mo) Checked model v1 · free

1.4% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 1951, 75 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

31 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-11-2019 with the NBB · fiscal year 2019 · volledig

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	€6.76M
EBITDA	€2.10M
Net profit	€-16.33M
Cash flow	€-16.25M
Staff costs	-
Income taxes	€6k
Dividends	-
Total assets	€2.15M
Equity	€-12.63M
Debt	€14.66M
of which ≤ 1y	€2.44M
of which > 1y	€12.21M
Working capital	€-460k
Employees (FTE)	24.1

Ratios (computed)

	2019
Current ratio	0.81
Quick ratio	0.34
Working capital ratio	-21.3%
Solvency	-586.7%
Debt / equity	-0.97
Long-term debt ratio	-0.97
Interest coverage	2.65
Gross margin	-
Net margin	-241.6%
ROA	-758.1%
ROE	129.2%
EBITDA margin	31.1%
Days sales outstanding	43d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €177k · 8.2% Current assets €1.98M · 91.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.15M
Fixed assets	21/28	€177k
Tangible fixed assets	22/27	€130k
Financial fixed assets	28	€47k
Current assets	29/58	€1.98M
Stocks & contracts in progress	3	€1.14M
Amounts receivable within one year	40/41	€800k
Cash & bank	54/58	€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.15M
Equity	10/15	€-12.63M
Contributions / capital	10/11	€3.50M
Reserves	13	€194k
Accumulated profits (losses)	14	€-16.33M
Provisions & deferred taxes	16	€130k
Amounts payable	17/49	€14.66M
Amounts payable after one year	17	€12.21M
Amounts payable within one year	42/48	€2.44M
Trade debts payable within one year	44	€1.25M
Income statement
Turnover	70	€6.76M
Operating result	9901	€2.03M
Financial income	75	€69k
Financial charges	65	€1.41M
Result before taxes	9903	€83k
Income taxes	67/77	€6k
Net result for the period	9904	€77k
Result to be appropriated	9905	€77k

Ratios computed by Checked.

Legal Structure

NACE primary	Wholesale trade(46480)
Legal form	Public limited company(014)
Incorporation	03-04-1951
Status	Active
Postal code	9051

Establishment units 4 locations

MONTEBI

Poortakkerstraat 9, 9051 GentGroothandel in uurwerken en sieraden

since 19512.006.067.688

Zetellaan(E) 100, 3630 Maasmechelen

Groothandel in uurwerken en sieraden

since 20122.301.432.391

Establishment

Groothandel in uurwerken en sieraden

since 20172.301.432.193

Ooststraat 109, 8800 Roeselare

Groothandel in uurwerken en sieraden

since 20172.301.432.292

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73013C0250/00C000	Flanders	9.9 ha	1 · 1,647 m²	15.0 m · 3 fl.
44062D0323/00E002	Flanders	5,152 m²	1 · 2,395 m²	14.3 m · 2 fl.
36015A0262/00X000	Flanders	108 m²	1 · 85 m²	12.2 m · 4 fl.
31804D1412/00A000	Flanders	66 m²	1 · 66 m²	10.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 3

4 of 4 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2019

29-11-2019