Monticelli & C°

Active

Private limited companyfounded 20196 yrs activeWaterlose Steenweg 291, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0736.765.379

The computed 12-month bankruptcy probability of Monticelli & C° is 4.6% (elevated). The 2024 annual accounts show equity of €34k and a net result of €6k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability66▼-3

Solvency52▲+6

Growth32=

Track record100

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days only on tighter terms

Liquidity short (current ratio 0.6 against 0.43 in 2023; short-term debt: 69.9% and cash: 10.5% of total assets), and 72.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

27.4%

Return on assets

4.6%

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €34k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

76 d late

2022

91 d late

2021

92 d late

2020

102 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€437k

EBIT margin

2.6%

Net result

€6k▲ 2,617%

2023 · €208

2020: €38k 2021: €17k 2022: €-29k 2023: €208

2020 → 2024

Working capital

€-35k▲ 36.1%

2023 · €-54k

2020: €-10k 2021: €-24k 2022: €-59k 2023: €-54k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€437k

Equity€40k-€58k▲ 43.0%€28k▼ 51.0%€28k▲ 0.7%€34k▲ 19.9%

Operating result€52k-€26k▼ 49.0%€-25k€6k€11k▲ 104%

Net result€38k-€17k▼ 54.2%€-29k€208€6k▲ 2,617%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 104% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €124k

58.2%

41.8%

Fixed assets €72k▼ 21.0%

Current assets €52k▲ 27.2%

Equity and liabilities €124k

27.4%

72.6%

Equity €34k▲ 19.9%

Debt €90k▼ 13.2%

The debt ratio falls from 78.5% to 72.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€31k▲

2023 · €25k

Cash flow

€25k▲

2023 · €19k

Solvency

27.4%▲

2023 · 21.5%

Current ratio

0.60▲

2023 · 0.43

Quick ratio

0.41▲

2023 · 0.27

Debt / equity

2.64▼

2023 · 3.65

ROE

16.6%▲

2023 · 0.7%

ROA

4.6%▲

2023 · 0.2%

Interest coverage

7.48▼

2023 · 15.67

Debt

€90k▼

2023 · €104k

Debt ≤ 1 year

€87k▼

2023 · €95k

Debt > 1 year

€3k▼

2023 · €8k

Income taxes

€2k

Staff costs

€17k▲

2023 · €15k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€132k€124k▼

Fixed assets21/28€91k€72k▼

Tangible fixed assets22/27€91k€72k▼

Plant, machinery and equipment23€12k€4k▼

Furniture and vehicles24€4k€3k▼

Leasing and similar rights25€17k€15k▼

Other tangible fixed assets26€58k€50k▼

Financial fixed assets28€448€448=

Current assets29/58€41k€52k▲

Stocks and contracts in progress3€15k€16k▲

Stocks30/36€15k€16k▲

Amounts receivable within one year40/41€17k€23k▲

Trade receivables40€16k€23k▲

Other amounts receivable41€633€0▼

Cash at bank and in hand54/58€9k€13k▲

Deferred charges and accrued income490/1€201-

Equity and liabilities

Total equity and liabilities10/49€132k€124k▼

Equity10/15€28k€34k▲

Contributions10/11€3k€3k=

Reserves13€47k€47k=

Non-distributable reserves130/1€47k€47k=

Other1319€47k€47k=

Profit (loss) carried forward14€-21k€-16k▲

Amounts payable17/49€104k€90k▼

Amounts payable after more than one year17€8k€3k▼

Financial debts170/4€8k€3k▼

Amounts payable within one year42/48€95k€87k▼

Current portion of amounts payable after more than one year42€5k€5k▼

Trade debts44€9k€15k▲

Suppliers440/4€9k€15k▲

Taxes, remuneration and social security45€16k€17k▲

Taxes450/3€3k€3k▲

Remuneration and social security454/9€13k€14k▲

Other amounts payable47/48€65k€49k▼

Income statement Code20232024

Turnover70-€437k

Non-recurring operating income76A€12k-

Goods, raw materials, services and sundry goods60/61-€390k

Remuneration, social security and pensions62€15k€17k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=

Other operating charges640/8€323€372▲

Non-recurring operating charges66A€6k-

Gross operating margin9900€46k€48k▲

Operating profit (loss)9901€6k€11k▲

Financial income75/76B€1-

Recurring financial income75€1-

Non-recurring financial income76B€1-

Financial charges65/66B€5k€4k▼

Recurring financial charges65€2k€4k▲

Non-recurring financial charges66B€4k-

Profit (loss) for the period before taxes9903€208€7k▲

Income taxes67/77-€2k

Profit (loss) for the period9904€208€6k▲

Profit (loss) for the period to be appropriated9905€208€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-21k€-16k▲

Profit (loss) brought forward from the previous period14P€-22k€-21k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

15-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 76 days late

2023

31-12

Financial Back to profitnet €208

Net result €208 after one loss-making year.

30-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 91 days late

2022

31-12

Financial Weakest financial yearnet €-29k ▼270%

Net result drops to €-29k, the lowest in the series; recovery starts the following year.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

2021

10-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 102 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2019

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterlose Steenweg 2911060 Sint-Gillis (bij-Brussel)

Ground area

133 m²

Building footprint

134 m²

Volume, LiDAR

1,930 m³

2 parcels, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

S.R.L.Monticelli & Co

Waterlose Steenweg 291, 1060 Sint-Gillis (bij-Brussel)Retail trade

since 20192.295.552.906

Antoine Bréartstraat 5, 1060 Sint-Gillis (bij-Brussel)

Retail trade

since 20202.312.103.777

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21013B0392/00M006	Brussels	75 m²	1 · 75 m²	16.4 m · 5 fl.
21013B0392/00P011 ProtectedMonumentHuis J. B. AglaveSource ↗	Brussels	59 m²	1 · 59 m²	17.5 m · 5 fl.