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MONIN

Active
Public limited company·Uitgeven van overige software· 20 yrs active
Prins Boudewijnlaan 43 ·2650 Edegem, Belgium
KBO/BCE: BE 0879.917.484
Watch Print / PDF
Age20 yrs
Board9
Staff (FTE)9.5
Real estate1 parcel · 1.5 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MONIN is 0.2% (very low). The 2024 annual accounts show equity of €1.36M and a net result of €208k. Equity is growing by ~63.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 33 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. 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
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 07-07-2025 24 d early 2025-00250528
31-12-2023 31-07-2024 11-07-2024 20 d early 2024-00253448
31-12-2022 31-07-2023 01-08-2023 1 d late 2023-00304037
31-12-2021 31-07-2022 28-07-2022 3 d early 2022-20237828
31-12-2020 31-07-2021 12-07-2021 19 d early 2021-34500142
31-12-2019 31-07-2020 14-07-2020 17 d early 2020-30000220
31-12-2018 31-07-2019 08-07-2019 23 d early 2019-30300173
31-12-2017 31-07-2018 27-07-2018 4 d early 2018-38900346
31-12-2016 31-07-2017 03-07-2017 28 d early 2017-28300098
31-12-2015 31-07-2016 08-07-2016 23 d early 2016-30100073

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 signals
Long-established
Founded in 2006, 20 years in business.
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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€3.99M+10.5%
EBIT margin6.8%-8.7pp
Net result€208k-49.7%
Working capital€1.36M+16.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 07-07-2025 with the NBB · fiscal year 2024 · verkort
€0€2.00M€4.00MRevenue 2020: €2.98M€2.98MOperating result 2020: €202k€202kNet result 2020: €99k€99kRevenue 2021: €2.76M€2.76MOperating result 2021: €377k€377kNet result 2021: €268k€268kRevenue 2022: €4.22M€4.22MOperating result 2022: €569k€569kNet result 2022: €419k€419kRevenue 2023: €3.61M€3.61MOperating result 2023: €561k€561kNet result 2023: €413k€413kRevenue 2024: €3.99M€3.99MOperating result 2024: €273k€273kNet result 2024: €208k€208k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~63.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-1.00M€0€1.00M€2.00M2025: €1.63M (€1.52M - €1.74M)2026: €1.90M (€1.74M - €2.06M)2027: €2.17M (€1.95M - €2.39M)2018: €-207k2019: €6k2020: €163k2021: €429k2022: €845k2023: €1.15M2024: €1.36M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 58 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 56.3% 41.4%
better than 65% of 33 sector peers
Net result €208k €36k
better than 81% of 33 sector peers
Equity €1.36M €169k
better than 91% of 33 sector peers
Gross operating margin €988k €370k
better than 85% of 33 sector peers
Total assets €2.41M €561k
better than 90% of 33 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€3.99M
+10.5% 18-24
EBITDA
€290k
-49.5% 18-24
Net profit
€208k
-49.7% 18-24
Cash flow
€225k
-47.1% 18-24
Total assets
€2.41M
+24.0% 18-24
Equity
€1.36M
+17.8% 18-24
Working capital
€1.36M
+16.3% 18-24
Employees (FTE)
10
+2.2% 18-24
Staff costs
€693k
-5.4% 18-24
Income taxes
€79k
-49.0% 18-24
Dividends
€100k
- 18-24
Debt
€1.05M
+33.2% 18-24
Debt ≤ 1y
€986k
+32.0% 18-24
Current ratio
2.38
-7.2% 18-24
Quick ratio
2.38
-7.2% 18-24
Solvency
56.3%
-5.1% 18-24
Debt / equity
0.78
+13.1% 18-24
ROE
15.3%
-57.3% 18-24
ROA
8.6%
-59.4% 18-24
Net margin
5.2%
-54.5% 18-24
EBITDA margin
7.3%
-54.3% 18-24
Interest coverage
18.30
-65.3% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue€3.99M
EBITDA€290k
Net profit€208k
Cash flow€225k
Staff costs€693k
Income taxes€79k
Dividends-
Total assets€2.41M
Equity€1.36M
Debt€1.05M
of which ≤ 1y€986k
of which > 1y-
Working capital€1.36M
Employees (FTE)9.5
Ratios (computed)
2024
Current ratio2.38
Quick ratio2.38
Working capital ratio56.3%
Solvency56.3%
Debt / equity0.78
Long-term debt ratio-
Interest coverage18.30
Gross margin24.3%
Net margin5.2%
ROA8.6%
ROE15.3%
EBITDA margin7.3%
Days sales outstanding105d
Days payable outstanding91d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2.41M
Fixed assets 21/28€70k
Tangible fixed assets 22/27€45k
Financial fixed assets 28€25k
Current assets 29/58€2.34M
Amounts receivable within one year 40/41€2.29M
Cash & bank 54/58€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.41M
Equity 10/15€1.36M
Contributions / capital 10/11€62k
Reserves 13€1.30M
Accumulated profits (losses) 14€254
Amounts payable 17/49€1.05M
Amounts payable within one year 42/48€986k
Trade debts payable within one year 44€756k
Income statement
Turnover 70€3.99M
Gross operating margin 9900€988k
Operating result 9901€273k
Financial income 75€30k
Financial charges 65€16k
Result before taxes 9903€287k
Income taxes 67/77€79k
Net result for the period 9904€208k
Result to be appropriated 9905€166k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
95 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

16 directors
Current directors & mandates
  • Cronos Groep NVLegal entity
    Managing director
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • DE BOECK Barbara
    Bijzondere gevolmachtigde
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • DE NIL Sofie
    Bijzondere gevolmachtigde
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • DOORNAERT Matthias
    Bijzondere gevolmachtigde
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • STEVENS Nataline
    Bijzondere gevolmachtigde
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • VAN DEN BERGH Jolien
    Bijzondere gevolmachtigde
    State Gazette act 23350507 (31-05-2023)
    Current
    31-05-2023 → present
  • De Cronos Groep NVLegal entity
    Director
    State Gazette act 22122092 (13-10-2022)
    Current
    13-10-2022 → present
  • DE WIT Josephus
    Managing director
    State Gazette act 23350507 (31-05-2023)
    Current
    13-10-2022 → present
    2 events
    • 31-05-2023 Appointed· Managing director
    • 13-10-2022 Appointed· Director
  • Uptime Group NVLegal entity
    Director
    State Gazette act 22122092 (13-10-2022)
    Current
    13-10-2022 → present
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Dirk Deroost
    Director
    State Gazette act 20005344 (08-01-2020)
    Not recently confirmed
    last confirmed in an act from 2020
  • Nicolas Geudens
    Director
    State Gazette act 17135746 (25-09-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • DE WIT Josephus Louisa
    Director
    State Gazette act 16175464 (23-12-2016)
    Not recently confirmed
    last confirmed in an act from 2016
    2 events
    • 23-12-2016 Resigned· Manager
    • 23-12-2016 Appointed· Director
  • UPTIME GROUP
    Director
    State Gazette act 16175464 (23-12-2016)
    Not recently confirmed
    last confirmed in an act from 2016
    2 events
    • 23-12-2016 Resigned· Manager
    • 23-12-2016 Appointed· Director
  • VERREYDT Rita Jeannine Francine Josée Yvonne
    Director
    State Gazette act 16175464 (23-12-2016)
    Not recently confirmed
    last confirmed in an act from 2016
    2 events
    • 23-12-2016 Resigned· Manager
    • 23-12-2016 Appointed· Director
Permanent representatives (5)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • Sam Bambust
    Vaste vertegenwoordiger
    State Gazette act 24163106 (18-11-2024)
    Permanent representative
    18-11-2024 → present
  • DEROOST Dirk
    Vaste vertegenwoordiger van cronos groep nv
    State Gazette act 23350507 (31-05-2023)
    Permanent representative
    31-05-2023 → present
  • Koen Claesen
    Vaste vertegenwoordiger commissaris
    State Gazette act 18032059 (15-02-2018)
    Permanent representative
    15-02-2018 → present
  • Rita Verreydt
    Vaste vertegenwoordiger
    State Gazette act 24163106 (18-11-2024)
    Permanent representative
    - → 18-11-2024
  • Ömer Turna
    Vaste vertegenwoordiger commissaris
    State Gazette act 18032059 (15-02-2018)
    Permanent representative
    - → 15-02-2018
Former directors (2)
  • Hestia NVLegal entity
    Director
    State Gazette act 22122092 (13-10-2022)
    Former
    25-09-2017 → 21-05-2024
    3 events
    • 21-05-2024 Resigned· Director
    • 13-10-2022 Appointed· Director
    • 25-09-2017 Appointed· Director
  • Rita Verreydt
    Director
    State Gazette act 20005344 (08-01-2020)
    Former
    - → 08-01-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

4 auditors
Statutory auditor IRE/IBR number Tenure
Filip De BockCurrent
Statutory auditor
 - 03-12-2020 → present
Ernst & Young bedrijfsrevisoren
Statutory auditor
succeeded by Filip De Bock in 2020
 - 24-10-2016 → 03-12-2020
Patrick Rottiers
Statutory auditor
succeeded by Ernst & Young bedrijfsrevisoren in 2016
 - 15-12-2010 → 24-10-2016
Paul Eelen
Statutory auditor
 - 08-01-2020 → 03-12-2020
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Uitgeven van overige software(58290)
Legal form Public limited company(014)
Incorporation13-03-2006
StatusActive
Postal code2650

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Prins Boudewijnlaan 432650 Edegem

Establishment units

1 location
Monin
Prins Boudewijnlaan 43, 2650 Edegemalgemene bouwinstallatie
since 20062.152.747.427
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.5 ha
Buildings1
Building footprint2,170 m²
Volume (LiDAR)22,610 m³
Tallest building15.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
11472C0421/00F000 Flanders 1.5 ha 1 · 2,170 m² 15.6 m · 3 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

Belgisch Staatsblad · acts

13 acts
Address history · 2
21-05-2024
Registered-office move
23-10-2015
Registered-office move
All acts · 13 updated 1 year ago
2024
18-11-2024 1 director appointed, 1 resigning Director changes
  • Sam Bambust, Vaste vertegenwoordiger
  • Rita Verreydt, Vaste vertegenwoordiger
Summary: v3.2
21-05-2024 Registered office moved within Edegem Registered-office change·Josephus de Wit
  • Prins Boudewijnlaan 41 - 2650 Edegem → Prins Boudewijnlaan 43 te 2650 Edegem
Notary: Josephus de Wit · Kontich
2023
15-09-2023 Filip De Bock appointed as statutory auditor Director changes
  • Filip De Bock, Commissaris
Summary: v3.2
31-05-2023 Articles of association amended Statutes amendment
Summary: v3.2
2022
13-10-2022 4 directors appointed Director changes
  • Josephus de Wit, Bestuurder
  • De Cronos Groep NV, Bestuurder
  • Uptime Group NV, Bestuurder
  • Hestia NV, Bestuurder
Summary: v3.2
2020
03-12-2020 1 director appointed, 1 resigning Director changes
  • Filip De Bock, Commissaris
  • Paul Eelen, Commissaris
Summary: v3.2
08-01-2020 2 directors appointed, 1 resigning Director changes
  • Paul Eelen, Commissaris
  • Dirk Deroost, Bestuurder
  • Rita Verreydt, Bestuurder
Summary: v3.2
2018
15-02-2018 1 director appointed, 1 resigning Director changes
  • Koen Claesen, Vaste vertegenwoordiger commissaris
  • Ömer Turna, Vaste vertegenwoordiger commissaris
Summary: v3.2
2017
25-09-2017 2 directors appointed Director changes
  • Hestia NV, Bestuurder
  • Nicolas Geudens, Bestuurder
Summary: v3.2
2016
23-12-2016 3 directors appointed, 3 resigning Director changes
  • VERREYDT Rita Jeannine Francine Josée Yvonne, Bestuurder
  • DE WIT Josephus Louisa, Bestuurder
  • UPTIME GROUP, Bestuurder
  • VERREYDT Rita Jeannine Francine Josée Yvonne, Zaakvoerder
  • DE WIT Josephus Louisa, Zaakvoerder
  • UPTIME GROUP, Zaakvoerder
Summary: v3.2
24-10-2016 Ernst & Young bedrijfsrevisoren appointed as statutory auditor Director changes
  • Ernst & Young bedrijfsrevisoren, Commissaris
Summary: v3.2
2015
23-10-2015 Registered office moved from Kontich to Edegem Registered-office change·Rita Verreydt, Josephus de Wit
  • Veldkant 35 D, 2550 Kontich → Prins Boudewijnlaan 41, 2650 Edegem
Notary: Rita Verreydt, Josephus de Wit · Antwerpen
2010
15-12-2010 1 director appointed, 1 resigning Director changes
  • Patrick Rottiers, Commissaris
  • Patrick Rottiers, Commissaris
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health95Profitability55Solvency97Growth74Stability100
84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 95
Profitability 55
Solvency 97
Growth 74
Stability 100

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 171 of the 1,250 companies in this sector. 58 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Overige uitgeverijen van software58290Uitgeven van overige software58290Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Uitgeverijen van programmatuur72210
Primary activity highlighted.
Names & trade names
Legal nameNL MONIN
Registered office
Prins Boudewijnlaan 43
2650 Edegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.