THIS IS MONACO
ActiveThe computed 12-month bankruptcy probability of THIS IS MONACO is 2.7% (moderate). The annual accounts of THIS IS MONACO for fiscal year 2024 show a net loss of 95% of total assets and of 123% of the equity at the start of that year. The 2024 annual accounts show equity of €16k and a net result of €-49k. Equity is growing by ~70.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 18942 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-72
Solvency55▼-43
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.24 against 3.56 in 2023; short-term debt: 69.6% and cash: 9.1% of total assets), and 69.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
30.4%
Return on assets
-95.1%
Age of the figures
21 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
116 d late
2022
144 d late
2021
77 d late
2020
367 d late
2019
306 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€74k
EBIT margin
20.5%
Net result
€-49k
2023 · €2k
2018: €15k
2019: €8k
2020: €-856
2021: €6k
2022: €25k
2023: €2k
2018 → 2024
Working capital
€9k▼ 76.9%
2023 · €38k
2018: €27
2019: €8k
2020: €6k
2021: €12k
2022: €38k
2023: €38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€14k▲ 83.7%€38k▲ 180%€40k▲ 4.2%€16k▼ 60.6%
Operating result€-795-€8k€25k▲ 194%€4k▼ 85.7%€-48k
Net result€-856-€6k€25k▲ 295%€2k▼ 93.4%€-49k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48k after €4k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52k
Fixed assets
€7k▲ 199%
Current assets
€45k▼ 14.4%
Equity and liabilities €52k
Equity
€16k▼ 60.6%
Debt
€36k▲ 146%
The debt ratio rises from 26.9% to 69.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-48k▼
2023 · €4k
Cash flow
€-49k▼
2023 · €2k
Solvency
30.4%▼
2023 · 73.1%
Current ratio
1.24▼
2023 · 3.56
Quick ratio
1.17▼
2023 · 3.44
Debt / equity
2.29▲
2023 · 0.37
ROE
-312.9%▼
2023 · 4.0%
ROA
-95.1%▼
2023 · 3.0%
Interest coverage
-73.23▼
2023 · 11.67
Debt
€36k▲
2023 · €15k
Debt ≤ 1 year
€36k▲
2023 · €15k
Income taxes
€106▼
2023 · €2k
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€55k€52k▼
Fixed assets21/28€2k€7k▲
Tangible fixed assets22/27€1k€864▼
Plant, machinery and equipment23€1k€864▼
Financial fixed assets28€1k€6k▲
Current assets29/58€52k€45k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€11k€20k▲
Trade receivables40€8k€16k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€22k€5k▼
Deferred charges and accrued income490/1€18k€18k=
Equity and liabilities
Total equity and liabilities10/49€55k€52k▼
Equity10/15€40k€16k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€25k€713▼
Amounts payable17/49€15k€36k▲
Amounts payable within one year42/48€15k€36k▲
Trade debts44€8k€7k▼
Suppliers440/4€8k€7k▼
Taxes, remuneration and social security45€7k€26k▲
Taxes450/3€7k€3k▼
Remuneration and social security454/9-€23k
Other amounts payable47/48-€3k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€495▼
Other operating charges640/8€6k€2k▼
Gross operating margin9900€10k€-46k▼
Operating profit (loss)9901€4k€-48k▼
Financial income75/76B€1€4▲
Recurring financial income75€1€4▲
Financial charges65/66B€368€654▲
Recurring financial charges65€368€654▲
Profit (loss) for the period before taxes9903€3k€-49k▼
Income taxes67/77€2k€106▼
Profit (loss) for the period9904€2k€-49k▼
Profit (loss) for the period to be appropriated9905€2k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-24k▼
Profit (loss) brought forward from the previous period14P€23k€25k▲
Shareholders' contribution to the loss794-€25k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-49k ▼3149%
Net result drops to €-49k, the lowest in the series.
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 116 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial
Highest result since 2018net €25k ▲295%
Operating result €25k, net result €25k, both a record.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 367 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.36
Current ratio from 1.38 to 3.36; short-term debt falls from €16k to €5k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 306 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 916 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2014
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.
Verschansingstraat 272000 AntwerpenGround area
170 m²
Building footprint
170 m²
Volume, LiDAR
1,422 m³
Parcel 11811L3677/00H000, Flanders · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THIS IS MONACO
since 20142.236.863.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3677/00H000 | Flanders | 170 m² | 1 · 170 m² | 16.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.236.863.550
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GEMI
BE 0477.769.441
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TEE HUIS
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SD-VARIA
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Kortemark · Eq €16k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,873 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-11-2014
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.