Monterey
ActiveSummary
Monterey has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,636 and a net result of -€68,802. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+10
Solvency37▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 1.05 in 2024; short-term debt: 15.4% and cash: 4% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.6%
Return on assets
-4.3%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€68,802
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
1 d early
2022
on the day
2021
15 d late
2020
26 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€185,636▼ 27.0%
2024 · €254,438
Total assets
€1.6m▼ 3.0%
2024 · €1.6m
Net result
-€68,802▲ 51.8%
2024 · -€142,644
Working capital
-€169,795
2024 · €20,212
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,942▼ 93.5%€61,437▲ 86.5%€23,653▼ 61.5%-€121,670-€44,574▲ 63.4%
Net result€15,281within the sector's middle half▼ 95.5%-€419,814below the sector's middle half€9,610within the sector's middle half-€142,644below the sector's middle half-€68,802below the sector's middle half▲ 51.8%
Equity€807,286above the sector's middle half▲ 1.9%€387,472above the sector's middle half▼ 52.0%€397,082above the sector's middle half▲ 2.5%€254,438above the sector's middle half▼ 35.9%€185,636above the sector's middle half▼ 27.0%
Total assets€1.7mabove the sector's middle half▲ 1.4%€1.2mabove the sector's middle half▼ 26.4%€1.2mabove the sector's middle half▲ 1.0%€1.6mabove the sector's middle half▲ 31.9%€1.6mabove the sector's middle half▼ 3.0%
Debt€716,686▲ 1.3%€695,099▼ 3.0%€699,103▲ 0.6%€1.2m▲ 78.0%€1.3m▲ 2.2%
Working capital€420,324above the sector's middle half▲ 4.7%€473,849above the sector's middle half▲ 12.7%€509,694above the sector's middle half▲ 7.6%€20,212within the sector's middle half▼ 96.0%-€169,795below the sector's middle half
Solvency48.2%within the sector's middle half▲ 0.2pp31.4%within the sector's middle half▼ 16.8pp31.9%within the sector's middle half▲ 0.5pp15.5%within the sector's middle half▼ 16.4pp11.6%within the sector's middle half▼ 3.8pp
Current ratio2.35within the sector's middle half▲ 0.082.72above the sector's middle half▲ 0.372.93above the sector's middle half▲ 0.211.05within the sector's middle half▼ 1.870.31below the sector's middle half▼ 0.75
Return on assets (ROA)0.9%within the sector's middle half▼ 19.8pp-34.0%below the sector's middle half▼ 34.9pp0.8%within the sector's middle half▲ 34.8pp-8.7%below the sector's middle half▼ 9.5pp-4.3%below the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,574 in 2025 against €121,670 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▲ 21.8%
Current assets
€75,033 ▼ 81.0%
Equity and liabilities €1.6m
Equity
€185,636 ▼ 27.0%
Provisions
€137,283 ▼ 4.9%
Debt
€1.3m ▲ 2.2%
Debt's share of the balance-sheet total rises from 75.7% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,756▲
2024 · -€77,267
Cash flow
-€8,471▲
2024 · -€98,241
Quick ratio
0.28▼
2024 · 1.04
Debt to equity
6.85▲
2024 · 4.89
ROE
-37.1%▲
2024 · -56.1%
Interest coverage
0.50▲
2024 · -2.92
Debt ≤ 1 year
€244,827▼
2024 · €375,319
Debt > 1 year
€800,056▲
2024 · €657,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,388 | €26,246 | €28,642 | €44,402 | €60,330 | ▲ 35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,400 | - | - | - |
| Other operating charges640/8 | - | €6,463 | €16,029 | €69,408 | €48,238 | ▼ 30.5% |
| Gross operating margin9900 | €80,145 | €94,146 | €70,724 | -€7,860 | €63,995 | ▲ 914% |
| Operating profit (loss)9901 | €32,942 | €61,437 | €23,653 | -€121,670 | -€44,574 | ▲ 63.4% |
| Financial income75/76B | - | - | €1 | €1 | €1 | ▼ 38.8% |
| Recurring financial income75 | €80 | - | €1 | €1 | €1 | ▼ 38.8% |
| Financial charges65/66B | - | €482,438 | €15,439 | €26,459 | €31,252 | ▲ 18.1% |
| Recurring financial charges65 | €18,154 | €15,407 | €15,439 | €26,459 | €31,252 | ▲ 18.1% |
| Non-recurring financial charges66B | - | €467,031 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,867 | -€421,002 | €8,215 | -€148,128 | -€75,826 | ▲ 48.8% |
| Transfer from deferred taxes780 | - | €1,188 | €1,395 | €5,484 | €7,024 | ▲ 28.1% |
| Profit (loss) for the period9904 | €15,281 | -€419,814 | €9,610 | -€142,644 | -€68,802 | ▲ 51.8% |
| Transfer from tax-exempt reserves789 | - | €2,827 | €3,321 | €13,056 | €16,722 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €16,265 | -€416,987 | €12,930 | -€129,587 | -€52,079 | ▲ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.2m | €1.2m | €1.6m | €1.6m | ▼ 3.0% |
| Fixed assets21/28 | €944,059 | €484,531 | €471,902 | €1.2m | €1.5m | ▲ 21.8% |
| Tangible fixed assets22/27 | €477,027 | €484,531 | €471,902 | €1.2m | €1.5m | ▲ 21.8% |
| Land and buildings22 | - | €438,868 | €434,422 | €1.2m | €1.5m | ▲ 22.6% |
| Plant, machinery and equipment23 | - | €3,270 | €998 | - | - | - |
| Furniture and vehicles24 | - | €3,618 | €1,150 | €860 | €1,596 | ▲ 85.5% |
| Other tangible fixed assets26 | - | €38,775 | €35,332 | €31,889 | €28,447 | ▼ 10.8% |
| Financial fixed assets28 | €467,031 | - | - | - | - | - |
| Current assets29/58 | €732,287 | €749,226 | €774,075 | €395,531 | €75,033 | ▼ 81.0% |
| Stocks and contracts in progress3 | - | €12,000 | €9,600 | €5,991 | €5,991 | = |
| Stocks30/36 | - | €12,000 | €9,600 | €5,991 | €5,991 | = |
| Amounts receivable within one year40/41 | - | €53 | €343,582 | €369 | €55 | ▼ 85.1% |
| Trade receivables40 | - | €53 | €343,582 | €369 | €55 | ▼ 85.1% |
| Cash at bank and in hand54/58 | €722,647 | €733,799 | €417,024 | €386,205 | €63,235 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | - | €3,375 | €3,868 | €2,965 | €5,752 | ▲ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.2m | €1.2m | €1.6m | €1.6m | ▼ 3.0% |
| Equity10/15 | €807,286 | €387,472 | €397,082 | €254,438 | €185,636 | ▼ 27.0% |
| Contributions10/11 | €224,900 | €224,900 | €224,900 | €224,900 | €224,900 | = |
| Capital10 | - | €224,900 | €224,900 | €224,900 | €224,900 | = |
| Issued capital100 | - | €224,900 | €224,900 | €224,900 | €224,900 | = |
| Reserves13 | €571,025 | €568,198 | €564,877 | €551,821 | €535,098 | ▼ 3.0% |
| Non-distributable reserves130/1 | - | €87,941 | €87,941 | €87,941 | €87,941 | = |
| Legal reserve130 | - | €87,941 | €87,941 | €87,941 | €87,941 | = |
| Tax-exempt reserves132 | - | €413,824 | €410,503 | €397,447 | €380,725 | ▼ 4.2% |
| Distributable reserves133 | - | €66,433 | €66,433 | €66,433 | €66,433 | = |
| Profit (loss) carried forward14 | €11,361 | -€405,626 | -€392,696 | -€522,283 | -€574,362 | ▼ 10.0% |
| Provisions and deferred taxes16 | €152,374 | €151,186 | €149,792 | €144,307 | €137,283 | ▼ 4.9% |
| Deferred taxes168 | - | €151,186 | €149,792 | €144,307 | €137,283 | ▼ 4.9% |
| Amounts payable17/49 | €716,686 | €695,099 | €699,103 | €1.2m | €1.3m | ▲ 2.2% |
| Amounts payable after more than one year17 | €238,388 | €238,388 | €238,388 | €657,718 | €800,056 | ▲ 21.6% |
| Financial debts170/4 | - | - | - | €399,330 | €330,056 | ▼ 17.3% |
| Other amounts payable178/9 | - | €238,388 | €238,388 | €258,388 | €470,000 | ▲ 81.9% |
| Amounts payable within one year42/48 | €311,964 | €275,377 | €264,381 | €375,319 | €244,827 | ▼ 34.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €63,675 | €67,679 | ▲ 6.3% |
| Trade debts44 | €17,273 | €1,103 | €153 | €59,186 | €58,231 | ▼ 1.6% |
| Suppliers440/4 | - | €1,103 | €153 | €59,186 | €58,231 | ▼ 1.6% |
| Advances received on contracts in progress46 | - | €935 | - | - | €51 | - |
| Other amounts payable47/48 | - | €273,339 | €264,228 | €252,457 | €118,866 | ▼ 52.9% |
| Accrued charges and deferred income492/3 | - | €181,335 | €196,335 | €211,335 | €226,335 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,281 | -€419,814 | €9,610 | -€142,644 | -€68,802 | ▲ 51.8% |
| + Depreciation and write-downs630 | €25,388 | €26,246 | €28,642 | €44,402 | €60,330 | ▲ 35.9% |
| Operating cash flow (approximation) | €40,669 | -€393,568 | €38,251 | -€98,241 | -€8,471 | ▲ 91.4% |
| Investment in fixed assets (approximation) | - | €433,282 | -€16,012 | -€820,087 | -€331,849 | ▲ 59.5% |
| Change in cash | - | €11,152 | -€316,774 | -€30,819 | -€322,970 | ▼ 948% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
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 €9,610
Net result €9,610 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Back to profitnet €342,141
Net result €342,141 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 2.26
Current ratio from 0.63 to 2.26; short-term debt falls from €385,891 to €318,033.
30-06
Financial
Equity above €500,000Eq €792,005 ▲76.1%
Equity rises from €449,864 to €792,005.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 19 days late
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Sint-Gillis-Waas · 1 establishment unit since 1990
Ground area
1.7 ha
Building footprint
632 m²
Volume, LiDAR
3,966 m³
2 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MONTEREY NV
since 19902.048.260.215
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B0483/00A002 | Flanders | 1.1 ha | 1 · 241 m² | 12.3 m · 2 fl. |
| 46002A0303/00H000 | Flanders | 6,262 m² | 1 · 392 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-04-1990
Fiscal year end30-06
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47715Retail trade
47770Retail sale of watches and jewellery
47784Retail sale of souvenirs and religious articles
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440590133
Also
9925:BE0440590133
Registered
21-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.