MONFASOL
ActiveMONFASOL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €-27k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 69% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency89▼-9
Growth32▼-14
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 2.02 in 2024), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
-12%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€27k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
17 d early
2022
18 d early
2021
24 d early
2020
16 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€51k▼ 8.5%
2024 · €56k
2018: €55k
2019: €59k
2020: €60k
2021: €82k
2022: €104k
2023: €74k
2024: €56k
2018 → 2025
EBIT margin
-53.4%▼ 34.4pp
2024 · -19.0%
2018: 15.8%
2019: 3.6%
2020: 15.2%
2021: 12.9%
2022: 6.8%
2023: 7.4%
2024: -19.0%
2018 → 2025
Net result
€-27k▼ 145%
2024 · €-11k
2018: €7k
2019: €222
2020: €7k
2021: €7k
2022: €6k
2023: €4k
2024: €-11k
2018 → 2025
Working capital
€79k▼ 27.4%
2024 · €108k
2018: €105k
2019: €107k
2020: €116k
2021: €125k
2022: €118k
2023: €126k
2024: €108k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€82k-€104k▲ 27.2%€74k▼ 29.5%€56k▼ 23.7%€51k▼ 8.5%
Equity€145k-€151k▲ 4.1%€155k▲ 2.6%€144k▼ 7.2%€116k▼ 19.1%
Operating result€11k-€7k▼ 32.6%€5k▼ 24.0%€-11k€-27k▼ 158%
Net result€7k-€6k▼ 14.7%€4k▼ 34.7%€-11k€-27k▼ 145%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €11k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€38k▲ 6.4%
Current assets
€191k▼ 10.9%
Equity and liabilities €229k
Equity
€116k▼ 19.1%
Debt
€113k▲ 5.9%
The debt ratio rises from 42.6% to 49.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-21k▼
2024 · €-6k
Cash flow
€-21k▼
2024 · €-6k
Solvency
50.7%▼
2024 · 57.4%
Current ratio
1.70▼
2024 · 2.02
Quick ratio
1.70▼
2024 · 2.02
Debt / equity
0.97▲
2024 · 0.74
ROE
-23.6%▼
2024 · -7.8%
ROA
-12.0%▼
2024 · -4.5%
Interest coverage
-181.57▼
2024 · -51.49
Debt
€113k▲
2024 · €107k
Debt ≤ 1 year
€113k▲
2024 · €107k
Income taxes
€52▼
2024 · €601
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€250k€229k▼
Fixed assets21/28€35k€38k▲
Tangible fixed assets22/27€35k€38k▲
Land and buildings22€35k€30k▼
Furniture and vehicles24-€7k
Current assets29/58€215k€191k▼
Amounts receivable within one year40/41€98k€62k▼
Trade receivables40€89k€62k▼
Other amounts receivable41€9k€0▼
Current investments50/53€78k€78k▲
Cash at bank and in hand54/58€38k€50k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€250k€229k▼
Equity10/15€144k€116k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€123k€96k▼
Amounts payable17/49€107k€113k▲
Amounts payable within one year42/48€107k€113k▲
Trade debts44€23k€26k▲
Suppliers440/4€23k€26k▲
Taxes, remuneration and social security45-€86
Remuneration and social security454/9-€86
Other amounts payable47/48€84k€87k▲
Income statement
Code20242025
Turnover70€56k€51k▼
Goods, raw materials, services and sundry goods60/61€56k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€-30€-15k▼
Operating profit (loss)9901€-11k€-27k▼
Financial income75/76B€177€173▼
Recurring financial income75€177€173▼
Financial charges65/66B€111€114▲
Recurring financial charges65€111€114▲
Profit (loss) for the period before taxes9903€-11k€-27k▼
Income taxes67/77€601€52▼
Profit (loss) for the period9904€-11k€-27k▼
Profit (loss) for the period to be appropriated9905€-11k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€123k€-27k▼
Profit (loss) brought forward from the previous period14P€134k-
Transfer from equity791/2-€123k
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €151k ▲4.1%
5 profitable years in a row build equity to €151k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €7k ▲3030%
Net result €7k, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 1986
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.
Chaussée de Marche(WD) 9435100 NamurGround area
309 m²
Building footprint
165 m²
Volume, LiDAR
1,060 m³
Parcel 92136B0399/00T000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MONFASOL
since 19862.036.841.830
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92136B0399/00T000 | Wallonia | 309 m² | 1 · 165 m² | 9.0 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.
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Of 557 companies in sector 35150 we hold annual accounts for 225. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded12-06-1986
Fiscal year end31-12
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.