MONAVIC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €146k and a net result of €292k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 5507 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5507 sector peers (2025).
NBB · sector comparisonPosition among 5507 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
on the day
2022
7 d early
2021
on the day
2020
2 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€146k▼ 78.4%
2024 · €677k
2019: €278k
2020: €382k
2021: €653k
2022: €587k
2023: €652k
2024: €677k
2019 → 2025
Net result
€292k▲ 18.4%
2024 · €247k
2019: €170k
2020: €406k
2021: €373k
2022: €212k
2023: €367k
2024: €247k
2019 → 2025
Total assets
€1.52M▲ 2.9%
2024 · €1.47M
2019: €1.39M
2020: €1.33M
2021: €1.72M
2022: €1.42M
2023: €1.58M
2024: €1.47M
2019 → 2025
Solvency
9.7%▼ 36.3pp
2024 · 45.9%
2019: 20.0%
2020: 28.8%
2021: 38.1%
2022: 41.4%
2023: 41.3%
2024: 45.9%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€653k-€587k▼ 10.0%€652k▲ 11.1%€677k▲ 3.7%€146k▼ 78.4%
Operating result€472k-€263k▼ 44.3%€461k▲ 75.5%€366k▼ 20.7%€394k▲ 7.7%
Net result€373k-€212k▼ 43.3%€367k▲ 73.5%€247k▼ 32.8%€292k▲ 18.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€249k▼ 3.3%
Current assets
€1.27M▲ 4.2%
Equity and liabilities €1.52M
Equity
€146k▼ 78.4%
Debt
€1.37M▲ 71.9%
The debt ratio rises from 54.1% to 90.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
9.7%▼
2024 · 45.9%
ROE
199.2%▲
2024 · 36.4%
ROA
19.2%▲
2024 · 16.7%
Debt
€1.37M▲
2024 · €797k
Debt ≤ 1 year
€1.32M▲
2024 · €797k
Debt > 1 year
€51k▲
2024 · €0
Income taxes
€102k▲
2024 · €87k
Staff costs
€625k▼
2024 · €632k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.47M€1.52M▲
Fixed assets21/28€258k€249k▼
Tangible fixed assets22/27€257k€249k▼
Plant, machinery and equipment23€50k€98k▲
Furniture and vehicles24€18k€7k▼
Other tangible fixed assets26€189k€143k▼
Financial fixed assets28€500€500=
Current assets29/58€1.22M€1.27M▲
Stocks and contracts in progress3€346k€355k▲
Stocks30/36€346k€355k▲
Amounts receivable within one year40/41€409k€685k▲
Trade receivables40€97k€86k▼
Other amounts receivable41€312k€600k▲
Cash at bank and in hand54/58€451k€214k▼
Deferred charges and accrued income490/1€10k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.52M▲
Equity10/15€677k€146k▼
Contributions10/11€40k€40k=
Reserves13€630k€102k▼
Distributable reserves133€630k€102k▼
Profit (loss) carried forward14€0€0=
Investment grants15€6k€4k▼
Amounts payable17/49€797k€1.37M▲
Amounts payable after more than one year17€0€51k▲
Financial debts170/4€0€51k▲
Amounts payable within one year42/48€797k€1.32M▲
Current portion of amounts payable after more than one year42€43k€5k▼
Trade debts44€453k€420k▼
Suppliers440/4€453k€420k▼
Advances received on contracts in progress46€600€1k▲
Taxes, remuneration and social security45€80k€72k▼
Taxes450/3€2k€22k▲
Remuneration and social security454/9€78k€50k▼
Other amounts payable47/48€220k€820k▲
Income statement
Code20242025
Remuneration, social security and pensions62€632k€625k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€90k▼
Other operating charges640/8€2k€13k▲
Gross operating margin9900€1.12M€1.12M▼
Operating profit (loss)9901€366k€394k▲
Financial income75/76B€18k€72k▲
Recurring financial income75€18k€72k▲
Financial charges65/66B€51k€72k▲
Recurring financial charges65€51k€72k▲
Profit (loss) for the period before taxes9903€333k€394k▲
Income taxes67/77€87k€102k▲
Profit (loss) for the period9904€247k€292k▲
Profit (loss) for the period to be appropriated9905€247k€292k▲
Appropriation of the result
Profit (loss) to be appropriated9906€247k€292k▲
Transfer from equity791/2-€528k
Transfer to equity691/2€27k€0▼
To other reserves6921€27k€0▼
Profit to be distributed694/7€220k€820k▲
Return on contributions (dividend)694€220k€820k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908717.019.0▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €500kEq €653k ▲70.8%
3 profitable years in a row build equity to €653k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €406k ▲139%
Operating result €547k, net result €406k, both a record.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Berlare · 1 establishment unit since 2017
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.
Dendermondse Steenweg(O) 619290 BerlareGround area
2,123 m²
Building footprint
936 m²
Volume, LiDAR
5,717 m³
Parcel 42017B0349/00G002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MONAVIC
since 20172.266.000.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017B0349/00G002 | Flanders | 2,123 m² | 1 · 936 m² | 7.0 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
2022 to 2024 · 3 entries · 1,149 EUR awarded · 1,149 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 176 EUR | 176 EUR |
| 2022 | 1 | 797 EUR | 797 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBerlare2.266.000.964
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 13,184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2017
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.