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MONTEC

In bankruptcy Private limited companyfounded 2009Corbeillestraat 75, 2235 HulshoutKBO/BCE: BE 0812.183.473
MONTEC
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Overview

Information for creditors

Enterprise Court of Antwerp, Mechelen division · Official Gazette of 20-12-2024
Appeal or third-party opposition 04-01-2025Filing the claim in RegSol 15-01-2025First verification report 10-02-2025Late claim 16-12-2025

Trustee: Steven Heylen. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

14 annual accounts with figures on one time axis
peak €673,662 (2018)
€159,243▲ 118%
lowest -€291,850 (2019)
€66,799▲ 405%
peak €183,235 (2018)
€90,924▲ 277%
€88,882▼ 48.1%
peak 12.2 FTE (2018)
2 FTE▼ 13.0%
Board1 name since 2022
1 directorMONSAERT Olivier Gilberte Jozef
Documentsfilings and deeds
03-10-202428 days before the deadline
2024abbreviated format
Bankruptcy published 20-12Gross margin from €73,046 to €159,243Result from €13,217 to €66,799Staff from 2.3 FTE to 2 FTEEquity from €24,125 to €90,924Debts from €171,155 to €88,882

Key points

from the 2024 annual accounts, the last ones filed

Equity

€90,924 from €183,235 in 2018

Equity fell by 50% in 6 years.

Result

€66,799 ▲ 405%
€13,2002023€66,8002024

The result rose in 2024 from €13,217 to €66,799.

Staff

2 FTE from 12.2 in 2018

Between 2018 and 2024, 84% of the full-time equivalents disappeared.

Liquidity

2.01 was 1.13 in 2023

Short-term debts fell from €171,155 to €88,882.

Filings

14 annual accounts since 2011
deadline20152020

The 2020 accounts came 12 days late. The other nine of the last ten were filed on time.

No score

Signals

Restart pattern 1 indication

A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.

  • BankruptThis companyjudgment 16-12-2024
    FoundedMTSMstart date 04-02-2025

    MTSM was founded 50 days after the bankruptcy of this company. The annual accounts of both list Olivier Monsaert as director, and both had the same registered office.

    • Olivier Monsaert listed as director in the annual accounts of both
    • Same registered office (2235 Hulshout)
    • Same main activity: Manufacture of metal structures and parts of structures NACE 25110

This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.

Recent changes

MTSM at this address
Bankruptcy published Enterprise Court of Antwerp, Mechelen division · judgment of 16-12-2024 · Bankruptcy
Change of role: MONSAERT Olivier Gilberte Jozef, from manager to director Director discharge: MONSAERT Olivier Gilberte Jozef · Gazette deed
First establishment Corbeillestraat 75, Hulshout
All 24 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 16-12-2024
Activity
Manufacture of metal structures and parts of structuresNACE 25110and 2 others
Joint committee
111Metal, mechanical and electrical engineering · annual accounts 31-03-2024
Establishment unit
2.264.670.8762235 Hulshout, since 02-05-2017
Financial year end
31 March
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 31-03-2024

€159,243▲ 118%
≈ €410,000estimated
€66,799▲ 405%
€90,924▲ 277%
€179,806▼ 7.9%
Employeeson 31-03-2024
1▼ 50.0%
Filing
Filed on 03-10-2024
Financials

Insights on MONTEC

Equity fell from €183,235 in 2018 to €90,924 in 2024.

On 16 December 2024 the court declared MONTEC bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

abbreviated format, filed on 03-10-2024, 28 days before the deadline
€159,243
▲ 118%
€72,560
▲ 443%
€73,256
▲ 431%
€67,495
▲ 395%
50.6%
▲ 38.2 percentage points
2.01
▲ 0.88

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €410,000. Estimated: probably between €250,000 and €760,000.

Money flows

no detail for 2024

Balance sheet

balance sheet total €179,806 on 31-03-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

50.6%

Higher than 55% of 1,211 companies in 2024.

2.01

Higher than 56% of 1,196 companies in 2024.

37.2%

Higher than 95% of 1,208 companies in 2024.

MONTEC Middle half of the sector 80% of the sector Abbreviated accounts in fabricated metal products (NACE 25)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter

Staff

€41,242

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2024, nobody joined and 1 person left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 179,806195,279230,143222,536234,098579,276848,506628,855526,529309,249356,938141,759135,05778,969
21/28 1,2001,8967726,72414,81420,67567,324117,461132,34569,71768,18150,07444,79136,237
22/27 1,2001,8967726,72414,81420,59567,244117,461132,34566,68668,18149,43444,15136,237
23 03867721,1582,1445,02811,54118,76219,4255,3415,2945,8367,0454,096
24 1,2001,510-1,5955,1744,76841,74985,96596,47061,34562,88743,59834,21431,128
28 -----8080--3,031-640640-
29/58 178,606193,383229,371215,812219,284558,601781,182511,394394,184239,532288,75891,68590,26642,732
29 -------1,203-932----
291 -------1,203-932----
40/41 111,229181,847186,713177,771201,577511,312713,215419,562333,316219,018256,23061,84480,27937,395
40 39,54687,072125,153128,506182,381160,577390,150320,286296,740199,069231,70748,86870,2947,878
41 71,68294,77561,56049,26519,196350,735323,06599,27536,57619,94924,52312,9769,98429,517
54/58 63,0546,20136,27726,62511,52634,75060,28690,62960,86819,58232,52829,8409,9875,337
490/1 4,3235,3356,38111,4166,18112,5397,680-------
Balance sheet: equity and liabilities
10/49 179,806195,279230,143222,536234,098579,276848,506628,855526,529309,249356,938141,759135,05778,969
10/15 90,92424,125-1,492-49,796-54,546-108,614183,235181,822181,484149,401110,62846,55740,98321,240
10/11 18,60018,6006,2006,200-6,2006,2006,2006,2006,2006,2006,2006,2006,200
100 -----18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -----12,40012,40012,40012,40012,40012,40012,40012,40012,400
11 ----6,200---------
1100/10 ----6,200---------
13 78,62978,62978,62978,62978,62978,62978,62978,62978,29040,6331,8601,8601,860-
130/1 -1,8601,8601,8601,860---------
130 -----1,8601,8601,8601,8601,8601,8601,8601,860-
1311 -1,8601,8601,860----------
1319 ----1,860---------
133 78,62976,76976,76976,76976,76976,76976,76976,76976,43038,773----
14 -6,305-73,104-86,321-134,624-139,375-193,44398,40796,99496,994102,568102,56838,49732,92315,040
17/49 88,882171,155231,636272,332288,644687,890665,270447,032345,045159,848246,31195,20194,07457,729
17 ----3,9238,686117,491190,30869,75828,63043,25932,253--
170/4 ----3,9238,686117,491190,30869,75827,13043,25932,253--
178/9 ---------1,500----
42/48 88,882171,155231,636272,332281,091679,205547,780256,725275,287131,218199,43762,94977,43757,729
42 ---3,9234,76381,443112,381110,56337,52017,71215,5507,579--
43 ----20,00020,00020,00020,00020,000-----
430/8 ----20,00020,00020,00020,00020,000-----
44 50,01282,25285,88581,298102,312142,88974,16049,547100,52748,89486,91821,86040,47634,330
440/4 50,01282,25285,88581,298102,312142,88974,16049,547100,52748,89486,91821,86040,47634,330
45 9,7406,37927,30854,59427,64647,87770,94964,98692,78564,61365,00333,51036,96123,399
450/3 2,2651,36318,4036,5981,6449,36814,2798,20036,37129,30552,47415,22130,72123,399
454/9 7,4755,0168,90547,99626,00138,50956,67056,78656,41435,30812,52918,2896,240-
47/48 29,13082,524118,443132,516126,370386,996270,28911,62924,455-31,966---
492/3 ----3,630-----3,615-16,636-
Income statement
70 ------------296,907121,028
76A -----------607--
9900 159,24373,046200,570225,567371,060238,920673,662537,185571,513489,544326,977192,774144,26041,228
60/61 ------------155,60099,849
62 82,48457,830139,207207,776297,883341,775483,735485,216416,713367,591144,358123,59083,94329
630 6964263868,53511,76611,92421,77740,03036,44740,99533,68539,99828,60717,099
631/4 ---------9876,648---
640/8 3,5021,4196,3432,0737,7852,1676,4602,9187,2016,01616,3073,6283,089964
9901 72,56013,37154,6347,18353,626-116,946161,6929,021111,15273,956125,98025,55728,62123,136
75/76B 1,9547,8642435573,1889,1316,4313,7435,0981,3497371,0261,2945
75 1,9547,8642435573,1889,1316,4313,7435,0981,3497371,0261,2945
65/66B 7,0407,5526,0222,2611,942183,174160,6307,6146,60210,36918,0671,5561711,100
65 7,0407,5526,0222,2611,942183,174160,6307,6146,60210,36918,0671,5561711,100
9903 67,47413,68348,8565,47854,872-290,9887,4925,150109,64864,936108,65025,63529,74422,041
67/77 6754675527278048626,0794,81244,06526,16344,58020,06110,0017,001
9904 66,79913,21748,3044,75054,068-291,8501,41333865,58338,77364,0705,57419,74415,040
9905 66,79913,21748,3044,75054,068-291,8501,41333865,58338,77364,0705,57419,74415,040
Appropriation of the result
9906 -6,305-73,104-86,321-134,624-139,375-193,44398,40797,332168,151141,341102,56838,49734,78315,040
14P -73,104-86,321-134,624-----------
691/2 -------33837,65738,773--1,860-
6920 ------------1,860-
6921 -------33837,65738,773----
694/7 --------33,500-----
694 --------33,500-----
Social balance sheet
9087 22.34.16.87.97.912.210.110.18.94.33.22.5-
Hours worked1013 2,7181,9475,2907,37611,22412,01418,66118,69816,49114,3556,1505,7013,869-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 03-10-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2024 abbreviated format 03-10-2024 2024-00492741 PDF
31-03-2023 abbreviated format 23-10-2023 2023-00491882 PDF
31-03-2022 abbreviated format 28-10-2022 2022-20480495 PDF
31-03-2021 abbreviated format 26-10-2021 2021-75700407 PDF
31-03-2020 abbreviated format 12-11-2020 2020-71000008 PDF
31-03-2019 abbreviated format 28-10-2019 2019-71700257 PDF
31-03-2018 abbreviated format 25-10-2018 2018-70200248 PDF
31-03-2017 abbreviated format 24-10-2017 2017-67600505 PDF
31-03-2016 abbreviated format 16-09-2016 2016-60200324 PDF
31-03-2015 abbreviated format 07-09-2015 2015-58100280 PDF
31-03-2014 abbreviated format 25-09-2014 2014-61600347 PDF
31-03-2013 abbreviated format 25-09-2014 2014-61600346 PDF
31-03-2012 abbreviated format 02-08-2013 2013-39300093 PDF
31-03-2011 abbreviated format 15-05-2012 2012-11600311 PDF

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €1,060 awarded, €1,060 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,060
Year Entries AwardedPaid
2024 1 €303€303
2023 1 €177€177
2022 1 €580€580

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020201920182017201620152014201320122011
73,25613,79755,02015,71865,392-105,022183,46849,051147,600114,950159,66565,55557,22840,235
67,49513,64348,69013,28565,834-279,92623,19040,368102,03179,76897,75545,57248,35032,139
01,5502704457,16044561,62225,145129,49568,23562,80745,28237,16053,336
56,853-30,0779,65215,099-23,224-25,536-30,34229,76141,286-12,9462,68719,8534,650-
89,72422,229-2,264-56,519-61,807-120,604233,402254,669118,897108,31489,32028,73612,829-14,997
------------9.6%19.1%
50.6%12.4%-0.6%-22.4%-23.3%-18.7%21.6%28.9%34.5%48.3%31.0%32.8%30.3%26.9%
2.011.130.990.790.780.821.431.991.431.831.451.461.170.74
0.987.09----3.632.461.901.072.232.042.302.72
73.5%54.8%----0.8%0.2%36.1%26.0%57.9%12.0%48.2%70.8%
37.2%6.8%21.0%2.1%23.1%-50.4%0.2%0.1%12.5%12.5%17.9%3.9%14.6%19.0%
10.411.839.14-----------
------------86 days24 days
------------95 days125 days

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

Item31-03-202431-03-202331-03-2022
Employees at the balance-sheet date124
full-time124
part-time0--
in full-time equivalents124
22.34.1
On a permanent contract124
Joined001
Left122

Source: social balance sheet in the 2022 to 2024 annual accounts

Investments

fixed assets acquired
Item31-03-202431-03-202331-03-2022
Tangible fixed assets-€1,550€270
€696€426€386

Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)

Insights on MONTEC

The operating result for 2024 is 5.4 times that of 2023 and the highest since 2018. It is a recovery after the fall in 2023.

Debt's share of the balance-sheet total falls from 87.6% to 49.4%. Equity is higher and debt is lower.

Board & ownership

Curator

the curator has managed the company since 16-12-2024
Steven Heylen
Curator, Vlakke Velden 1, 2270 Herent- Hout
Also on 108 other cases

Last board

1 director, last change in 2023
MONSAERT Olivier Gilberte Jozef
Director (not named in the articles)
appointed by deed of 28-12-2023 term without a fixed end
earlier manager, until 28-12-2023
listed in the 2024 annual accounts, filed on 03-10-2024
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
MONSAERT Olivier Gilberte Jozef
Director (not named in the articles)
BoardEarliermandate already running before its first mentionBankruptcy 16-12-2024
Mandates as a list
  • MONSAERT Olivier Gilberte Jozef
    • Director (not named in the articles), from before 31-03-2022, until the bankruptcy of 16-12-2024
    • Manager, until 28-12-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2024 annual accounts

Articles of association

deed of 28-12-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Voor helft ten laste overdrager en helft ten laste koper(s), nietigheid”
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of September at 18:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Indien geen andere vereffenaar benoemd, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”

Network & group

No group

MONTEC has no parent and no holdings in its annual accounts. MONSAERT Olivier Gilberte Jozef is the only director. MONTEC shares no director with another company.

At the same address

Corbeillestraat 75, 2235 Hulshout · 2 other companies
GLEMATH INVEST
registered office since 02-05-2017 · founded in 2015 · negative equity (2025)
 total assets €637,121 (2025)
0600.836.608
MTSM
registered office since 04-02-2025 · founded in 2025
 0.9 FTE (2025)
1019.601.939

Timeline

Timeline

24 events since 2009
2025
MTSM at this address Registered office
2024
Bankruptcy published Enterprise Court of Antwerp, Mechelen division · judgment of 16-12-2024
Annual accounts 2024 filed PDFabbreviated format · 28 days before the deadline
Highest result from 2011 to 2024 net €66,799 ▲405% The net result of €66,799 is the highest of those years.
2023
Change of role: MONSAERT Olivier Gilberte Jozef, from manager to directorDirector discharge: MONSAERT Olivier Gilberte Jozef6 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 8 days before the deadline
2022
Annual accounts 2022 filed PDFabbreviated format · 3 days before the deadline
2021
Annual accounts 2021 filed PDFabbreviated format · 5 days before the deadline
2020
Annual accounts 2020 filed PDFabbreviated format · 12 days late
Back to profit net €54,068 The net result is €54,068, after one loss-making year.
2019
Annual accounts 2019 filed PDFabbreviated format · 3 days before the deadline
Weakest financial year net -€291,850 The net result drops to -€291,850, the lowest from 2011 to 2024.
2018
Annual accounts 2018 filed PDFabbreviated format · 6 days before the deadline
2017
Annual accounts 2017 filed PDFabbreviated format · 7 days before the deadline
First establishment Corbeillestraat 75, Hulshout
2016
Annual accounts 2016 filed PDFabbreviated format · 45 days before the deadline
Equity above €150,000 equity €181,484 ▲21.5% With a profit in every financial year since 2011, equity grows to €181,484.
2015
Annual accounts 2015 filed PDFabbreviated format · 54 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 329 days late
Annual accounts 2014 filed PDFabbreviated format · 36 days before the deadline
Equity above €100,000 equity €110,628 ▲138% With a profit in every financial year since 2011, equity grows to €110,628.
2013
Annual accounts 2012 filed PDFabbreviated format · 275 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 197 days late
2009
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 28-12-2023 · published on 18-06-2009

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

MONTEC was incorporated on 10 June 2009.1 Total assets fell from €579,276 in 2019 to €179,806 in 2024 and headcount from 7.9 to 2 full-time equivalents.2 On 16 December 2024 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2024
  3. 3Belgian Official Gazette, 20-12-2024

Company details

Identity

Enterprise number
0812.183.473
VAT number
BE 0812.183.473
LEI code
549300JB7HFUM52JJ776 no longer live in the LEI register
Legal form
Private limited company
Status
In bankruptcy, since 16-12-2024
Founded
10-06-2009
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
deed of 28-12-2023 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of September at 18:00
deed of 28-12-2023 (in Dutch)
Peppol
Not found in the Peppol Directory
Name
MONTEC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (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 28-12-2023 (in Dutch)

Activities

NACEBEL 2025
25110 Manufacture of metal structures and parts of structures main activity
33120 Repair and maintenance of machinery
33200 Installation of industrial machinery and equipment
Joint committees annual accounts 31-03-2024
JC 111 Metal, mechanical and electrical engineering
Codes under NACEBEL 2008
25110 Manufacture of metal structures and parts of structures main activity
33120 Repair, maintenance and installation of machinery and equipment
33200 Installation of industrial machinery and equipment
PurposeThe purpose describes the activities the company may carry out under its articles.
“Aankoop en verkoop,onderhoud,montage en herstellingen van machines en installaties,zowel elektrische als mechanische,; De groot- en…”
7 activities
  1. Aankoop en verkoop,onderhoud,montage en herstellingen van machines en installaties,zowel elektrische als mechanische,
  2. De groot- en kleinhandel in elektrische en elektronische toestellen,apparatuur en installatiemateriaal,
  3. Bordenbouw,programmeren van allerhande software,plc-sturing en programmeren,plaatsen van nutsvoorzieningen,draai- en freeswerken,robotica,
  4. De aankoop en verkoop van auto’s,vracht- en aanhangwagens,bestelwagen,lichte vrachtwagens,motoren en caravans,evenals de herstelling ervan,
  5. Het uitvoeren van allerhande las- en constructiewerken
  6. Schoonmaak,onderhoud en reinigen van allerhande gebouwen en constructies,
  7. Het uitvoeren van koeriersdiensten.
deed of 28-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Corbeillestraat 75 registered office 2235 Hulshout 02-05-2017 2.264.670.876

Buildings and parcels at the address

Ground area
4,152 m²
Buildings
4,140 m²
Volume, LiDAR
18,326 m³
Tallest building
9.9 m
Buildings to scale, each on its own parcel
4,140 m², 9.9 m 4,140 m², 9.9 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
13050B0059/00R0004,152 m² 1 · 4,140 m² 9.9 m · 2

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