Munthali
ActiveSummary
Munthali has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202,149 and a net result of €132,942. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-10-2024 Normal situation
- Activity
- “Alle verrichtingen, die hetzij rechtstreeks, hetzij onrechtstreeks verband houden met verpleegkunde” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.364.922.059 3010 Leuven, since 03-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Board and ownership
- MUNTHALI Flora RorishaDirector · since 03-10-2024
- TAMINAU ThomasDirector · since 03-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €172,734
- ▲ 95.8%
- Turnover
- ≈ €430,000
- estimated
- Profit
- €132,942
- ▲ 88.5%
- Equity
- €202,149
- ▲ 185%
- Total assets
- €255,924
- ▲ 171%
Score breakdownraises riskFounded in 2024lowers riskSize: total assets €255,924Liquidity: current ratio 4.87, cash €203,146Equity €202,149 (79.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, micro). It does better than 81% of them on solvency, 85% on liquidity, 90% on profitability and 96% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 38 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 95% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €3,545 |
| Depreciation and write-downs of the year | - | €706 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €706 | - |
| Other operating charges640/8 | €50 | €247 | ▲ 394% |
| Gross operating margin9900 | €88,231 | €172,734 | ▲ 95.8% |
| Operating profit (loss)9901 | €88,181 | €171,781 | ▲ 94.8% |
| Financial income75/76B | - | €155 | - |
| Recurring financial income75 | - | €155 | - |
| Financial charges65/66B | €8 | €948 | ▲ 126× |
| Recurring financial charges65 | €8 | €948 | ▲ 126× |
| Profit (loss) for the period before taxes9903 | €88,173 | €170,988 | ▲ 93.9% |
| Income taxes67/77 | €17,635 | €38,046 | ▲ 116% |
| Profit (loss) for the period9904 | €70,539 | €132,942 | ▲ 88.5% |
| Profit (loss) for the period to be appropriated9905 | €70,539 | €132,942 | ▲ 88.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €94,373 | €255,924 | ▲ 171% |
| Fixed assets21/28 | - | €2,840 | - |
| Tangible fixed assets22/27 | - | €2,840 | - |
| Plant, machinery and equipment23 | - | €2,321 | - |
| Furniture and vehicles24 | - | €519 | - |
| Current assets29/58 | €94,373 | €253,085 | ▲ 168% |
| Amounts receivable after more than one year29 | - | €15,246 | - |
| Other amounts receivable291 | - | €15,246 | - |
| Amounts receivable within one year40/41 | €22,502 | €34,192 | ▲ 51.9% |
| Trade receivables40 | €22,502 | €33,023 | ▲ 46.8% |
| Other amounts receivable41 | - | €1,169 | - |
| Cash at bank and in hand54/58 | €71,871 | €203,146 | ▲ 183% |
| Deferred charges and accrued income490/1 | - | €501 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €94,373 | €255,924 | ▲ 171% |
| Equity10/15 | €70,873 | €202,149 | ▲ 185% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €68,873 | €200,149 | ▲ 191% |
| Amounts payable17/49 | €23,501 | €53,775 | ▲ 129% |
| Amounts payable within one year42/48 | €23,501 | €51,957 | ▲ 121% |
| Trade debts44 | €2,343 | €45 | ▼ 98.1% |
| Suppliers440/4 | €2,343 | €45 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €17,635 | €38,046 | ▲ 116% |
| Taxes450/3 | €17,635 | €38,046 | ▲ 116% |
| Other amounts payable47/48 | €3,523 | €13,866 | ▲ 294% |
| Accrued charges and deferred income492/3 | - | €1,818 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70,539 | €132,942 | ▲ 88.5% |
| + Depreciation and write-downs630 | - | €706 | - |
| Operating cash flow (approximation) | €70,539 | €133,648 | ▲ 89.5% |
| Change in cash | - | €131,275 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Munthali has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Munthali itself is lower: 0.1% within 12 months. It rests on far more data about Munthali than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Munthali. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- MUNTHALI Flora Rorisha 60 shares (50%) · €1,000
- TAMINAU Thomas 60 shares (50%) · €1,000
Capital transactions
- 07-10-2024 Incorporation · €2,000 · 120 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MUNTHALI Flora Rorisha |
|
| TAMINAU Thomas |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “De bestuurder(s) kan/kunnen de uitoefening van een deel van zijn/haar/hun bevoegdheid ten titel van bijzondere volmacht opdragen aan een…”
Articles of association, deed of 07-10-2024 (in Dutch)
Network & group
Munthali shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of Munthali. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-10
Gazette deed
IncorporationStarting capital €2,000 · Appointments: MUNTHALI Flora Rorisha (director) and TAMINAU Thomas (director) · Founder6 points ▸
- Incorporation, 03-10-2024
- Founder, MUNTHALI Flora Rorisha
- Founder, TAMINAU Thomas
- Founding capital, €2,000
- Director appointment, MUNTHALI Flora Rorisha (director (not named in the articles))
- Director appointment, TAMINAU Thomas (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
9 activities
- Alle verrichtingen, die hetzij rechtstreeks, hetzij onrechtstreeks verband houden met verpleegkunde
- Werving, selectie en tewerkstelling van verpleegkundigen en zorgprofielen via verschillende netwerken en databases
- Het geven van onderwijs, groepslessen, opleiding, training en (personal) coaching met betrekking tot verpleegkunde
- Het publiceren van artikelen, boeken en cursussen binnen het voorwerp
- Het organiseren van congressen, bijscholingen en andere educatieve en informatieve evenementen binnen het voorwerp
- Het beheren en uitbaten van een groepspraktijk voor verpleegkundigen en soortgelijke, aanvullende beroepen en diensten, dit in het algemeen en in de meest ruime zin
- Groot- en kleinhandel in alle soorten materialen, gereedschappen, onderdelen, toestellen en boeken voor de professionele verpleegkundige. Het organiseren van cursussen, workshops en demonstraties rond deze activiteiten. Het ontwikkelen van een marketingconcept specifiek voor deze sector. Het opbouwen en ontwikkelen van een online webshop en alle daarbij horende diensten en betalingssystemen binnen deze sector
- De levering van deze diensten aan bedrijven, organen of instellingen van publiek recht, gemengde ondernemingen, verenigingen zonder winstoogmerk, aan uitoefenaars van vrije beroepen, en in het algemeen, aan elke natuurlijke of rechtspersoon en elke entiteit, zelfs indien deze laatste de status van rechtspersoon niet geniet
- Het schrijven van teksten, de eindredactie, tekstcorrectie en vertaling van teksten in de meest ruime betekenis
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24051C0137/00W010 | Flanders | 392 m² | 1 · 95 m² | 0.1 m |