Monthur
ActiveSummary
Monthur has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,678 and a net result of €27,738. Equity is growing by ~75.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-18
Solvency42▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.3 in 2024; short-term debt: 55.5% and cash: 4% of total assets), and 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
on the day
2021
18 d late
2020
15 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 4 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 31 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€43,678▼ 1.6%
2024 · €44,390
Total assets
€252,969▲ 87.1%
2024 · €135,192
Net result
€27,738▼ 19.9%
2024 · €34,628
Working capital
-€27,363
2024 · €24,226
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€74,784▲ 100%€39,584▼ 47.1%-€4,140€60,591€30,538▼ 49.6%
Net result€71,283above the sector's middle half▲ 115%€37,673above the sector's middle half▼ 47.2%-€5,330below the sector's middle half€34,628above the sector's middle half€27,738above the sector's middle half▼ 19.9%
Equity-€22,580below the sector's middle half▲ 75.9%€15,092within the sector's middle half€9,762within the sector's middle half▼ 35.3%€44,390within the sector's middle half▲ 355%€43,678within the sector's middle half▼ 1.6%
Total assets€181,228within the sector's middle half▲ 41.3%€136,301within the sector's middle half▼ 24.8%€118,528within the sector's middle half▼ 13.0%€135,192within the sector's middle half▲ 14.1%€252,969within the sector's middle half▲ 87.1%
Debt€203,808▼ 8.2%€121,209▼ 40.5%€108,766▼ 10.3%€87,356▼ 19.7%€205,939▲ 136%
Working capital€104,677above the sector's middle half▲ 308%-€35,246below the sector's middle half-€42,376below the sector's middle half▼ 20.2%€24,226within the sector's middle half-€27,363below the sector's middle half
Solvency-12.5%below the sector's middle half▲ 60.7pp11.1%within the sector's middle half▲ 23.5pp8.2%within the sector's middle half▼ 2.8pp32.8%within the sector's middle half▲ 24.6pp17.3%within the sector's middle half▼ 15.6pp
Current ratio5.68above the sector's middle half▲ 3.950.71below the sector's middle half▼ 4.970.61below the sector's middle half▼ 0.101.30within the sector's middle half▲ 0.690.81below the sector's middle half▼ 0.49
Return on assets (ROA)39.3%above the sector's middle half▲ 13.5pp27.6%above the sector's middle half▼ 11.7pp-4.5%below the sector's middle half▼ 32.1pp25.6%above the sector's middle half▲ 30.1pp11.0%within the sector's middle half▼ 14.6pp
Staff (FTE)0.2▲ 100%1▲ 400%0.1▼ 90.0%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252,969
Fixed assets
€139,846 ▲ 373%
Current assets
€113,123 ▲ 7.1%
Equity and liabilities €252,969
Equity
€43,678 ▼ 1.6%
Provisions
€3,352 ▼ 2.7%
Debt
€205,939 ▲ 136%
Debt's share of the balance-sheet total rises from 64.6% to 81.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42,840▼
2024 · €77,449
Cash flow
€40,040▼
2024 · €51,486
Quick ratio
0.15▼
2024 · 1.24
Debt to equity
4.71▲
2024 · 1.97
ROE
63.5%▼
2024 · 78.0%
Interest coverage
11.13▼
2024 · 12.79
Debt ≤ 1 year
€140,486▲
2024 · €81,423
Debt > 1 year
€62,992
Income taxes
€592▼
2024 · €16,494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 3,818 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,961 | €13,784 | - | - |
| Remuneration, social security and pensions62 | - | €29,038 | €13,401 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,286 | €14,626 | €19,264 | €16,858 | €12,302 | ▼ 27.0% |
| Other operating charges640/8 | - | €953 | €9,045 | €3,550 | €1,128 | ▼ 68.2% |
| Non-recurring operating charges66A | - | - | €27,270 | €2,061 | - | - |
| Gross operating margin9900 | €94,640 | €84,202 | €64,840 | €83,061 | €43,968 | ▼ 47.1% |
| Operating profit (loss)9901 | €74,784 | €39,584 | -€4,140 | €60,591 | €30,538 | ▼ 49.6% |
| Financial income75/76B | - | €750 | €153 | €32 | €1,546 | ▲ 4,735% |
| Recurring financial income75 | €731 | €750 | €153 | €32 | €1,546 | ▲ 4,735% |
| Financial charges65/66B | - | €982 | €359 | €6,055 | €3,848 | ▼ 36.5% |
| Recurring financial charges65 | €4,232 | €982 | €359 | €6,055 | €3,848 | ▼ 36.5% |
| Profit (loss) for the period before taxes9903 | €71,283 | €39,353 | -€4,345 | €54,568 | €28,236 | ▼ 48.3% |
| Transfer from deferred taxes780 | - | - | - | - | €94 | - |
| Transfer to deferred taxes680 | - | - | - | €3,446 | - | - |
| Income taxes67/77 | - | €1,681 | €985 | €16,494 | €592 | ▼ 96.4% |
| Profit (loss) for the period9904 | €71,283 | €37,673 | -€5,330 | €34,628 | €27,738 | ▼ 19.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €283 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €10,338 | - | - |
| Profit (loss) for the period to be appropriated9905 | €71,283 | €37,673 | -€5,330 | €24,290 | €28,022 | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,228 | €136,301 | €118,528 | €135,192 | €252,969 | ▲ 87.1% |
| Fixed assets21/28 | €54,192 | €50,339 | €52,138 | €29,543 | €139,846 | ▲ 373% |
| Tangible fixed assets22/27 | €54,192 | €50,339 | €52,138 | €29,543 | €136,246 | ▲ 361% |
| Plant, machinery and equipment23 | - | €22,262 | €9,071 | - | €37,775 | - |
| Furniture and vehicles24 | - | €4,634 | €43,067 | €29,543 | €62,934 | ▲ 113% |
| Other tangible fixed assets26 | - | €23,443 | - | - | €35,537 | - |
| Financial fixed assets28 | - | - | - | - | €3,600 | - |
| Current assets29/58 | €127,035 | €85,962 | €66,390 | €105,649 | €113,123 | ▲ 7.1% |
| Amounts receivable after more than one year29 | - | €8,580 | - | - | - | - |
| Trade receivables290 | - | €8,580 | - | - | - | - |
| Stocks and contracts in progress3 | €24,614 | €7,500 | - | €4,355 | €91,896 | ▲ 2,010% |
| Stocks30/36 | - | €7,500 | - | €4,355 | €91,896 | ▲ 2,010% |
| Amounts receivable within one year40/41 | €24,799 | €518 | €114 | €114 | €9,023 | ▲ 7,834% |
| Other amounts receivable41 | - | €518 | €114 | €114 | €9,023 | ▲ 7,834% |
| Cash at bank and in hand54/58 | €76,991 | €66,656 | €66,276 | €100,392 | €10,238 | ▼ 89.8% |
| Deferred charges and accrued income490/1 | - | €2,708 | - | €788 | €1,966 | ▲ 149% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,228 | €136,301 | €118,528 | €135,192 | €252,969 | ▲ 87.1% |
| Equity10/15 | -€22,580 | €15,092 | €9,762 | €44,390 | €43,678 | ▼ 1.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €25,338 | €25,055 | ▼ 1.1% |
| Tax-exempt reserves132 | - | - | - | €10,338 | €10,055 | ▼ 2.7% |
| Distributable reserves133 | - | - | - | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€41,180 | -€3,508 | -€8,838 | €452 | €24 | ▼ 94.8% |
| Provisions and deferred taxes16 | - | - | - | €3,446 | €3,352 | ▼ 2.7% |
| Deferred taxes168 | - | - | - | €3,446 | €3,352 | ▼ 2.7% |
| Amounts payable17/49 | €203,808 | €121,209 | €108,766 | €87,356 | €205,939 | ▲ 136% |
| Amounts payable after more than one year17 | €181,450 | - | - | - | €62,992 | - |
| Financial debts170/4 | - | - | - | - | €38,482 | - |
| Other amounts payable178/9 | - | - | - | - | €24,510 | - |
| Amounts payable within one year42/48 | €22,358 | €121,209 | €108,766 | €81,423 | €140,486 | ▲ 72.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,286 | - |
| Trade debts44 | €17,599 | €20,888 | €4,953 | €13,306 | €64,179 | ▲ 382% |
| Suppliers440/4 | - | €20,888 | €4,953 | €13,306 | €64,179 | ▲ 382% |
| Taxes, remuneration and social security45 | - | €3,611 | €6,638 | €17,330 | €1,648 | ▼ 90.5% |
| Taxes450/3 | - | - | €6,638 | €17,330 | €1,648 | ▼ 90.5% |
| Remuneration and social security454/9 | - | €3,611 | - | - | - | - |
| Other amounts payable47/48 | - | €96,710 | €97,175 | €50,787 | €65,372 | ▲ 28.7% |
| Accrued charges and deferred income492/3 | - | - | - | €5,933 | €2,462 | ▼ 58.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,283 | €37,673 | -€5,330 | €34,628 | €27,738 | ▼ 19.9% |
| + Depreciation and write-downs630 | €13,286 | €14,626 | €19,264 | €16,858 | €12,302 | ▼ 27.0% |
| Operating cash flow (approximation) | €84,569 | €52,298 | €13,933 | €51,486 | €40,040 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | -€10,772 | -€21,063 | €5,737 | -€122,606 | ▼ 2,237% |
| Change in cash | - | -€10,335 | -€380 | €34,116 | -€90,155 | ▼ 364% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €34,628
Net result €34,628 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.61 to 1.30; short-term debt falls from €108,766 to €81,423.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€5,330
Net result drops to -€5,330, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-06
Financial
Highest result since 2019net €71,283 ▲115%
Operating result €74,784, net result €71,283, both a record.
30-06
Financial
Liquidity triplescurrent ratio 5.68
Current ratio from 1.73 to 5.68; short-term debt falls from €35,088 to €22,358.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
30-06
Financial
Back to profitnet €33,163
Net result €33,163 after one loss-making year.
Show earlier events
30-06
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.79 to 1.73; short-term debt falls from €77,302 to €35,088.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
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 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Deinze · 1 establishment unit since 2006
Ground area
490 m²
Building footprint
297 m²
Volume, LiDAR
1,289 m³
Parcel 44044B0565/00H000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Monthur
since 20062.152.366.652
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44044B0565/00H000 | Flanders | 490 m² | 1 · 297 m² | 9.6 m · 1 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.
Similar companies · same sector, comparable size
OPTIQUE WOLTERS - BODEUR
BE 0432.033.842
Liège · Eq €43,774
SLEGA
BE 0659.838.144
Visé · Eq €43,910
YAZAN
BE 1010.060.109
Aartselaar · Eq €44,206
Ulleres Y Gafas
BE 0794.457.615
Destelbergen · Eq €43,152
TSHINMYSA
BE 0680.652.265
Waterloo · Eq €42,833
Of 1,734 companies in sector 47742 we hold annual accounts for 1,140. 891 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
Founded16-01-2006
Fiscal year end30-06
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878822473
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.