MONTHI
ActiveSummary
MONTHI has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €415k and a net result of €29k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.09 against 6.23 in 2024; short-term debt: 13.2% and cash: 0.3% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.4%
Return on assets
5.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
36 d late
2023
on the day
2022
10 d late
2021
16 d late
2020
44 d late
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€415k▼ 6.1%
2024 · €442k
Total assets
€509k▼ 5.0%
2024 · €536k
Net result
€29k▲ 6.6%
2024 · €27k
Working capital
€207k▼ 8.9%
2024 · €227k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37k▼ 42.1%€74k▲ 103%€45k▼ 39.0%€37k▼ 19.1%€39k▲ 7.3%
Net result€24k▼ 30.7%€52k▲ 113%€43k▼ 16.0%€27k▼ 37.7%€29k▲ 6.6%
Equity€407k▲ 6.1%€406k▼ 0.1%€449k▲ 10.7%€442k▼ 1.7%€415k▼ 6.1%
Total assets€734k▼ 3.3%€661k▼ 9.9%€589k▼ 11.0%€536k▼ 8.9%€509k▼ 5.0%
Debt€291k▼ 13.3%€244k▼ 16.2%€130k▼ 46.5%€88k▼ 32.2%€78k▼ 11.3%
Working capital€251k▼ 5.2%€219k▼ 12.7%€241k▲ 10.0%€227k▼ 5.6%€207k▼ 8.9%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €509k
Fixed assets
€235k ▼ 11.4%
Current assets
€274k ▲ 1.2%
Equity and liabilities €509k
Equity
€415k ▼ 6.1%
Provisions
€16k ▲ 162%
Debt
€78k ▼ 11.3%
Debt's share of the balance-sheet total falls from 16.5% to 15.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €68k
Cash flow
€58k▼
2024 · €59k
Current ratio
4.09▼
2024 · 6.23
Debt to equity
0.19▼
2024 · 0.20
ROE
6.9%▲
2024 · 6.1%
ROA
5.6%▲
2024 · 5.0%
Interest coverage
41.05▲
2024 · 21.58
Debt ≤ 1 year
€67k▲
2024 · €44k
Debt > 1 year
€11k▼
2024 · €45k
Income taxes
€16k▲
2024 · €15k
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 | €32k | €32k | €32k | €32k | €29k | ▼ 8.3% |
| Other operating charges640/8 | - | €4k | €14k | €4k | €4k | ▲ 14.1% |
| Non-recurring operating charges66A | - | €12k | €0 | - | - | - |
| Gross operating margin9900 | €73k | €121k | €91k | €72k | €73k | ▲ 0.8% |
| Operating profit (loss)9901 | €37k | €74k | €45k | €37k | €39k | ▲ 7.3% |
| Financial income75/76B | - | €1k | €21k | €6k | €5k | ▼ 20.3% |
| Recurring financial income75 | €2k | €1k | €21k | €6k | €5k | ▼ 20.3% |
| Financial charges65/66B | - | €5k | €7k | €3k | €2k | ▼ 47.4% |
| Recurring financial charges65 | €882 | €5k | €7k | €3k | €2k | ▼ 47.4% |
| Profit (loss) for the period before taxes9903 | €37k | €70k | €60k | €39k | €42k | ▲ 7.5% |
| Transfer from deferred taxes780 | - | €3k | €3k | €3k | €3k | = |
| Income taxes67/77 | €17k | €21k | €19k | €15k | €16k | ▲ 7.9% |
| Profit (loss) for the period9904 | €24k | €52k | €43k | €27k | €29k | ▲ 6.6% |
| Transfer from tax-exempt reserves789 | - | €8k | €8k | €8k | €8k | = |
| Profit (loss) for the period to be appropriated9905 | €32k | €60k | €51k | €35k | €37k | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €734k | €661k | €589k | €536k | €509k | ▼ 5.0% |
| Fixed assets21/28 | €340k | €309k | €295k | €265k | €235k | ▼ 11.4% |
| Tangible fixed assets22/27 | €339k | €308k | €294k | €264k | €235k | ▼ 11.0% |
| Land and buildings22 | - | €308k | €294k | €263k | €234k | ▼ 11.0% |
| Furniture and vehicles24 | - | - | - | €2k | €1k | ▼ 21.2% |
| Financial fixed assets28 | €944 | €944 | €944 | €944 | €0 | ▼ 100% |
| Current assets29/58 | €394k | €353k | €293k | €271k | €274k | ▲ 1.2% |
| Amounts receivable within one year40/41 | €19k | €85k | €26k | €13k | €13k | ▲ 1.8% |
| Trade receivables40 | - | €52k | €6k | €6k | €12k | ▲ 98.5% |
| Other amounts receivable41 | - | €32k | €20k | €7k | €1k | ▼ 79.4% |
| Current investments50/53 | €235k | €235k | €251k | €255k | €258k | ▲ 1.3% |
| Cash at bank and in hand54/58 | €140k | €33k | €17k | €3k | €1k | ▼ 53.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €734k | €661k | €589k | €536k | €509k | ▼ 5.0% |
| Equity10/15 | €407k | €406k | €449k | €442k | €415k | ▼ 6.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €307k | €307k | €350k | €342k | €316k | ▼ 7.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €86k | €78k | €70k | €49k | ▼ 30.1% |
| Distributable reserves133 | - | €219k | €271k | €273k | €267k | ▼ 2.2% |
| Profit (loss) carried forward14 | €81k | €81k | €81k | €81k | €81k | = |
| Provisions and deferred taxes16 | €37k | €12k | €9k | €6k | €16k | ▲ 162% |
| Deferred taxes168 | - | €12k | €9k | €6k | €16k | ▲ 162% |
| Amounts payable17/49 | €291k | €244k | €130k | €88k | €78k | ▼ 11.3% |
| Amounts payable after more than one year17 | €148k | €110k | €78k | €45k | €11k | ▼ 74.6% |
| Financial debts170/4 | - | €110k | €78k | €45k | €11k | ▼ 74.6% |
| Amounts payable within one year42/48 | €143k | €134k | €53k | €44k | €67k | ▲ 54.1% |
| Current portion of amounts payable after more than one year42 | - | €38k | €32k | €33k | €34k | ▲ 2.1% |
| Trade debts44 | €196 | €837 | €37 | €3k | €332 | ▼ 86.7% |
| Suppliers440/4 | - | €837 | €37 | €3k | €332 | ▼ 86.7% |
| Taxes, remuneration and social security45 | - | €8k | €7k | €6k | €3k | ▼ 46.7% |
| Taxes450/3 | - | €8k | €7k | €6k | €3k | ▼ 46.7% |
| Other amounts payable47/48 | - | €87k | €14k | €3k | €30k | ▲ 1,093% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €52k | €43k | €27k | €29k | ▲ 6.6% |
| + Depreciation and write-downs630 | €32k | €32k | €32k | €32k | €29k | ▼ 8.3% |
| Operating cash flow (approximation) | €57k | €83k | €75k | €59k | €58k | ▼ 1.5% |
| Investment in fixed assets (approximation) | - | €0 | €-18k | €-2k | €944 | ▲ 147% |
| Change in cash | - | €-107k | €-16k | €-14k | €-2k | ▲ 89.1% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 36 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 5.57
Current ratio from 2.64 to 5.57; short-term debt falls from €134k to €53k.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
31-03
Financial
Highest result since 2019net €52k ▲113%
Operating result €74k, net result €52k, both a record.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
31-03
Financial
Weakest financial yearnet €24k ▼30.7%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2016
27-09
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 2 acts read
About the unread acts
We know of 2 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
2 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, Ronse · 1 establishment unit since 2003
Ground area
5,608 m²
Building footprint
217 m²
Volume, LiDAR
1,527 m³
Parcel 45422C1885/00E000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MONTHI
since 20032.379.202.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1885/00E000 | Flanders | 5,608 m² | 1 · 217 m² | 9.6 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 6,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-1997
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.