Age2 yrs
Real estate1 parcel · 1,421 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MONART - BTS is 3.1% (moderate). The 2024 annual accounts show equity of €12k and a net result of €-13k. Its solvency ranks better than 70% of 6722 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.1%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Annual accounts: weaker financial profile
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 11-07-2025 | 20 d early | 2025-00288672 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-13k
Working capital€12k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 11-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.4% | 20.4% | |
| Net result | €-13k | €4k | |
| Equity | €12k | €16k | |
| Gross operating margin | €-11k | €24k | |
| Total assets | €29k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-12k |
| Net profit | €-13k |
| Cash flow | €-12k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €29k |
| Equity | €12k |
| Debt | €17k |
| of which ≤ 1y | €17k |
| of which > 1y | - |
| Working capital | €12k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.70 |
| Quick ratio | 0.33 |
| Working capital ratio | 39.5% |
| Solvency | 42.4% |
| Debt / equity | 1.36 |
| Long-term debt ratio | - |
| Interest coverage | -13.53 |
| Gross margin | - |
| Net margin | - |
| ROA | -43.0% |
| ROE | -101.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €29k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €28k |
| Stocks & contracts in progress | 3 | €23k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €29k |
| Equity | 10/15 | €12k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €17k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-11k |
| Operating result | 9901 | €-12k |
| Financial income | 75 | €210 |
| Financial charges | 65 | €866 |
| Result before taxes | 9903 | €-13k |
| Net result for the period | 9904 | €-13k |
| Result to be appropriated | 9905 | €-13k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed38
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationMONART - BTS
since 20242.358.231.732
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,421 m²
Buildings1
Building footprint251 m²
Volume (LiDAR)1,471 m³
Tallest building9.8 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0061/02E000 | Flanders | 1,421 m² | 1 · 251 m² | 9.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
0 of 1 acts readWe know of 1 Belgian State Gazette act for this company. It has not 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.
The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.
Analysis
Financial profile
4 of 5 axes measured46
/ 100
Mixed profile: strong on solvency, weaker on profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
38
Profitability
0
Solvency
80
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 80 of the 1,438 companies in this sector. 52 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in antiquiteiten47791Ontwikkeling van residentiële bouwprojecten68121Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | MONART - BTS |
Registered office
Brandweerstraat 6
9890 Gavere, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.