MONDRIAAN II
ActiveSummary
MONDRIAAN II has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €359k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 3291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+25
Solvency69▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.47 in 2024; short-term debt: 10.9% and cash: 3.2% of total assets), and 56.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.7%
Return on assets
14.9%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.05M
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
131 d early
2023
116 d early
2022
129 d early
2021
96 d early
2020
81 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.05M▲ 52.0%
2024 · €691k
2018: €149k
2019: €105k
2020: €138k
2021: €127k
2022: €170k
2023: €100k
2024: €691k
2018 → 2025
Total assets
€2.41M▲ 5.1%
2024 · €2.29M
2018: €312k
2019: €298k
2020: €272k
2021: €271k
2022: €326k
2023: €344k
2024: €2.29M
2018 → 2025
Net result
€359k▼ 39.2%
2024 · €591k
2018: €63k
2019: €27k
2020: €33k
2021: €54k
2022: €47k
2023: €90k
2024: €591k
2018 → 2025
Working capital
€58k
2024 · €-259k
2018: €-68k
2019: €-86k
2020: €-25k
2021: €-5k
2022: €70k
2023: €-50k
2024: €-259k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€170k▲ 34.6%€100k▼ 41.3%€691k▲ 591%€1.05M▲ 52.0%
Operating result€74k-€65k▼ 12.9%€124k▲ 91.5%€-160k€143k
Net result€54k-€47k▼ 13.2%€90k▲ 91.9%€591k▲ 560%€359k▼ 39.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €143k after a loss of €160k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.41M
Fixed assets
€2.08M ▲ 1.1%
Current assets
€321k ▲ 41.9%
Equity and liabilities €2.41M
Equity
€1.05M ▲ 52.0%
Debt
€1.35M ▼ 15.2%
Debt's share of the balance-sheet total falls from 69.8% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2024 · €-29k
Cash flow
€437k▼
2024 · €722k
Current ratio
1.22▲
2024 · 0.47
Debt to equity
1.29▼
2024 · 2.31
ROE
34.2%▼
2024 · 85.5%
ROA
14.9%▼
2024 · 25.8%
Interest coverage
4.52▲
2024 · -0.94
Debt ≤ 1 year
€263k▼
2024 · €485k
Debt > 1 year
€1.09M▼
2024 · €1.10M
Income taxes
€4k▲
2024 · €485
Staff costs
€82k▼
2024 · €99k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.29M€2.41M▲
Fixed assets21/28€2.06M€2.08M▲
Intangible fixed assets21€31k€0▼
Tangible fixed assets22/27€943k€995k▲
Land and buildings22€942k€995k▲
Plant, machinery and equipment23€870€452▼
Financial fixed assets28€1.09M€1.09M=
Current assets29/58€227k€321k▲
Amounts receivable within one year40/41€197k€243k▲
Trade receivables40€114k€153k▲
Other amounts receivable41€83k€89k▲
Cash at bank and in hand54/58€22k€76k▲
Deferred charges and accrued income490/1€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.29M€2.41M▲
Equity10/15€691k€1.05M▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€591k€951k▲
Amounts payable17/49€1.60M€1.35M▼
Amounts payable after more than one year17€1.10M€1.09M▼
Financial debts170/4€1.10M€1.09M▼
Amounts payable within one year42/48€485k€263k▼
Current portion of amounts payable after more than one year42€79k€98k▲
Financial debts43€125k€50k▼
Credit institutions430/8€125k€50k▼
Trade debts44€111k€96k▼
Suppliers440/4€111k€96k▼
Taxes, remuneration and social security45€19k€19k▼
Taxes450/3€7k€12k▲
Remuneration and social security454/9€13k€8k▼
Other amounts payable47/48€151k€0▼
Accrued charges and deferred income492/3€12k€746▼
Income statement
Code20242025
Remuneration, social security and pensions62€99k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€77k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€79k€307k▲
Operating profit (loss)9901€-160k€143k▲
Financial income75/76B€782k€269k▼
Recurring financial income75€782k€269k▼
Financial charges65/66B€31k€49k▲
Recurring financial charges65€31k€49k▲
Profit (loss) for the period before taxes9903€592k€363k▼
Income taxes67/77€485€4k▲
Profit (loss) for the period9904€591k€359k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€591k€359k▼
Appropriation of the result
Profit (loss) to be appropriated9906€591k€951k▲
Profit (loss) brought forward from the previous period14P€107€591k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90872.11.6▼
The notes to these accounts (25 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
26-08
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- Board meeting, 01-06-2026
- Registered-office move, Villalaan 10, 9320 Aalst
- Power of attorney, Mondriaan Corporate & Finance
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.47 to 1.22; short-term debt falls from €485k to €263k.
30-09
Financial
Equity above €1MEq €1.05M ▲52%
8 profitable years in a row build equity to €1.05M.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-09
Financial
Highest result since 2018net €591k ▲560%
Net result €591k, the highest in the series.
30-09
Financial
Equity above €500kEq €691k ▲591%
7 profitable years in a row build equity to €691k.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-09
Financial
Equity above €150kEq €170k ▲34.6%
5 profitable years in a row build equity to €170k.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €27k ▼56.9%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2018
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.
Villalaan 109320 AalstGround area
1,154 m²
Building footprint
143 m²
Volume, LiDAR
1,014 m³
Parcel 41342B1235/00B000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mondriaan II
since 20182.275.041.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1235/00B000 | Flanders | 1,154 m² | 1 · 143 m² | 10.6 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 2025 · 5 entries · 2,505 EUR awarded · 2,505 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 170 EUR | 170 EUR |
| 2024 | 2 | 1,389 EUR | 1,419 EUR |
| 2023 | 1 | 299 EUR | 269 EUR |
| 2022 | 1 | 647 EUR | 647 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,348 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
Founded28-09-2015
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.