Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €154,041 falls due within a year.
Lower net result than 95% of companies in wholesale trade. Sector median €5,606 · 13,811 companies.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 12% of them on solvency, 81% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,639 companies had the same profile as MONYTR has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MONYTR itself: 2.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for MONYTR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.25, below the usual 1.5. Short-term debt is 45.7% and cash 48.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MONYTR Kontich | €0.3m | -€312,441 | -21.9% | - |
| DCL Technology Malle | €0.3m | -€60,641 | -24.6% | - |
| GoWam Uccle | €0.2m | -€6,184 | 90.7% | - |
| GSM2GO Genk | €0.2m | -€1,996 | 1.1% | - |
| ICC DIGITAL INDUSTRIAL TECHNOLOGIES Antwerp | €0.3m | -€109,497 | 84.2% | - |
| VISIOBACK Mouscron | €0.09m | -€9,058 | 13.5% | - |
| PixMob Belgique Brussels | €1.3m | -€29,297 | 1.4% | - |
These companies have the same main activity as MONYTR: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €90,800 and €1.3m, founded between 2022 and 2024.
The computed 12-month bankruptcy probability of MONYTR is 2.5% (moderate). The 2025 annual accounts show negative equity (-€73,736) and a net result of -€338,736.
Its solvency ranks better than 15% of 13,805 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 15% of 13,805 companies in 2025.
Higher than 38% of 13,186 companies in 2025.
Lower than 95% of 13,365 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
337,410 | |
21/28 |
145,529 | |
21 |
144,281 | |
22/27 |
298 | |
24 |
298 | |
28 |
950 | |
29/58 |
191,881 | |
40/41 |
26,164 | |
40 |
12,438 | |
41 |
13,726 | |
54/58 |
162,999 | |
490/1 |
2,717 | |
| Balance sheet: equity and liabilities | ||
10/49 |
337,410 | |
10/15 |
-73,736 | |
10/11 |
265,000 | |
14 |
-338,736 | |
17/49 |
411,146 | |
17 |
255,017 | |
170/4 |
255,017 | |
42/48 |
154,041 | |
42 |
25,208 | |
43 |
101,163 | |
430/8 |
101,163 | |
44 |
27,670 | |
440/4 |
27,670 | |
492/3 |
2,088 | |
| Income statement | ||
9900 |
-312,441 | |
630 |
10,808 | |
640/8 |
907 | |
9901 |
-324,156 | |
75/76B |
81 | |
75 |
81 | |
65/66B |
14,661 | |
65 |
14,661 | |
9903 |
-338,736 | |
9904 |
-338,736 | |
9905 |
-338,736 | |
| Appropriation of the result | ||
9906 |
-338,736 | |
| Document | ||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00370707 |
| Line | Trend | 2025 |
|---|---|---|
| -313,348 | ||
| -327,928 | ||
| 156,337 | ||
| 37,839 | ||
| -21.9% | ||
| 1.25 | ||
| -100.4% | ||
| -21.37 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
| Item | 2025 |
|---|---|
| Debts guaranteed by Belgian public bodies | €305,990 |
| €350,000 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 |
|---|---|
| Tangible fixed assets | €456 |
| Intangible fixed assets | €154,931 |
| Financial fixed assets | €950 |
| €10,808 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€411,146) exceeds the balance-sheet total (€337,410).
MONYTR has no parent and no holdings in its annual accounts.
| Grundfos Bellux
registered office since 01-01-1977 · founded in 1976 |
76 FTE (2025) 0416.491.076 |
| NTX
establishment since 14-10-2021 · founded in 2003 |
113 FTE (2025) 0862.443.331 |
| INVENTI
registered office since 05-02-2026 · founded in 1989 · accounts filed late |
15 FTE (2024) 0439.075.448 |
| BEG BELGIUM
establishment since 01-07-2010 · founded in 2010 |
8.9 FTE (2025) 0827.379.613 |
| Mach4
registered office since 19-09-2025 |
founded in 2025 1027.860.597 |
| Vereniging Mede-eigenaars Park Link Kontich Groeningenlei 74
registered office since 05-11-2024 |
founded in 2024 1006.734.294 |
| NetVoip via JACOBS Wim Marcel Adrienne, no longer at NetVoip · Director · deed of 21-08-2020 founded in 2020 |
total assets €125,834 (2025) |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Groeningenlei 74 registered office 2550 Kontich | 02-09-2024 | 2.363.249.206 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11024B0474/00C000 | 3,556 m² | 1 · 823 m² | 12.2 m |
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