Mondelaers
ActiveSummary
Mondelaers has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €873k and a net result of €27k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-28
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 5.45 against 5.42 in 2023; short-term debt: 9.6% and cash: 8.7% of total assets), and 16.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.6%
Return on assets
2.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
26 d late
2022
28 d late
2021
26 d early
2020
30 d early
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€873k▼ 11.7%
2023 · €989k
2018: €320k
2019: €405k
2020: €480k
2021: €518k
2022: €625k
2023: €989k
2018 → 2024
Total assets
€1.04M▼ 12.7%
2023 · €1.20M
2018: €520k
2019: €652k
2020: €650k
2021: €758k
2022: €894k
2023: €1.20M
2018 → 2024
Net result
€27k▼ 92.6%
2023 · €364k
2018: €59k
2019: €85k
2020: €76k
2021: €104k
2022: €147k
2023: €364k
2018 → 2024
Working capital
€444k▼ 20.7%
2023 · €560k
2018: €339k
2019: €436k
2020: €505k
2021: €541k
2022: €649k
2023: €560k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€480k-€518k▲ 7.9%€625k▲ 20.7%€989k▲ 58.3%€873k▼ 11.7%
Operating result€96k-€138k▲ 44.4%€211k▲ 53.1%€543k▲ 157%€41k▼ 92.5%
Net result€76k-€104k▲ 36.9%€147k▲ 40.7%€364k▲ 148%€27k▼ 92.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€500k ▼ 1.6%
Current assets
€544k ▼ 20.8%
Equity and liabilities €1.04M
Equity
€873k ▼ 11.7%
Debt
€171k ▼ 17.1%
Debt's share of the balance-sheet total falls from 17.3% to 16.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€49k▼
2023 · €552k
Cash flow
€35k▼
2023 · €373k
Current ratio
5.45▲
2023 · 5.42
Debt to equity
0.20▼
2023 · 0.21
ROE
3.1%▼
2023 · 36.8%
ROA
2.6%▼
2023 · 30.5%
Interest coverage
10.62▼
2023 · 56.22
Debt ≤ 1 year
€100k▼
2023 · €127k
Debt > 1 year
€70k▼
2023 · €79k
Income taxes
€11k▼
2023 · €173k
Staff costs
€161▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.20M€1.04M▼
Fixed assets21/28€508k€500k▼
Tangible fixed assets22/27€58k€50k▼
Land and buildings22€57k€49k▼
Plant, machinery and equipment23€512€282▼
Furniture and vehicles24€110-
Financial fixed assets28€450k€450k=
Current assets29/58€687k€544k▼
Amounts receivable after more than one year29€189k€287k▲
Other amounts receivable291€189k€287k▲
Amounts receivable within one year40/41€170k€167k▼
Trade receivables40€162k€154k▼
Other amounts receivable41€8k€12k▲
Cash at bank and in hand54/58€328k€91k▼
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.04M▼
Equity10/15€989k€873k▼
Contributions10/11€19k€19k=
Reserves13€970k€854k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€363€363=
Distributable reserves133€968k€852k▼
Amounts payable17/49€206k€171k▼
Amounts payable after more than one year17€79k€70k▼
Financial debts170/4€79k€70k▼
Amounts payable within one year42/48€127k€100k▼
Current portion of amounts payable after more than one year42€12k€9k▼
Trade debts44€672-
Suppliers440/4€672-
Taxes, remuneration and social security45€36k€17k▼
Taxes450/3€35k€12k▼
Remuneration and social security454/9€793€5k▲
Other amounts payable47/48€78k€75k▼
Accrued charges and deferred income492/3€850€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€12k€161▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€2k€7k▲
Gross operating margin9900€567k€56k▼
Operating profit (loss)9901€543k€41k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€537k€38k▼
Income taxes67/77€173k€11k▼
Profit (loss) for the period9904€364k€27k▼
Profit (loss) for the period to be appropriated9905€364k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€364k€27k▼
Transfer from equity791/2-€143k
Transfer to equity691/2€364k€27k▼
To other reserves6921€364k€27k▼
Profit to be distributed694/7-€143k
Return on contributions (dividend)694-€143k
Social balance
Average headcount (FTE)90870.2-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €27k ▼92.6%
Net result drops to €27k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €364k ▲148%
Operating result €543k, net result €364k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €518k ▲7.9%
4 profitable years in a row build equity to €518k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 9.94
Current ratio from 4.62 to 9.94; short-term debt falls from €120k to €56k.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
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
3 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, Tessenderlo-Ham · 1 establishment unit since 2007
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.
Hofstraat (C) 38/A3980 Tessenderlo-HamGround area
746 m²
Building footprint
162 m²
Volume, LiDAR
768 m³
Parcel 71363C0922/00F002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hofstraat (C) 38, 3980 Tessenderlo-Ham
since 20072.167.424.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0922/00F002 | Flanders | 746 m² | 1 · 162 m² | 8.2 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.
Recognitions · licences · registrations
Dual-learning approval
3 endedFietshersteller (vwo)
Fietshersteller duaal (so)
Fietsmecanicien (so)
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Of 1,467 companies in sector 47632 we hold annual accounts for 733. 512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.