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MONTARO

Active
Private limited companyfounded 2002active for 24 yearsVenlosesteenweg (Kes) 418, 3640 Kinrooi, BelgiumKBO/BCE: BE 0478.420.034
Summary

MONTARO has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,580 and a net result of -€20,417. Equity is shrinking by about 9.4% per year across the filed financial years. Its solvency ranks better than 10% of 1,238 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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MONTAROActiveChecked score 80/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
≈ €1,300turnover 2025, estimated
Equity
€46,580
Loss
-€20,417
Turnover estimated from the gross margin
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Holdings
1
2025 accounts filed 15 days late3 of 8 deeds summarised
Why 80raises riskEquity €46,580 (9.6% of total assets)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: total assets €487,712Founded in 2002Show the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 17% of its sector peers (NACE 25, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 35-7
equity 9.6% of total assets
Liquidity 43-8
short-term debt 78.6% · cash 28.6%
Profitability 14+14
return on assets -4.2%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,704 companies, NACE 25, micro)
Last 24 months 11-2024: 1.4% 12-2024: 1.3%▼ -0.1 percentage points vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.2 percentage points vs 03-2025 05-2025: 2.1%▲ +0.6 percentage points vs 04-2025highest value 06-2025: 1.5%▼ -0.6 percentage points vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 1.5%● unchanged vs 07-2025 09-2025: 1.5%● unchanged vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.4%▼ -0.1 percentage points vs 03-2026 05-2026: 1.8%▲ +0.4 percentage points vs 04-2026 06-2026: 0.4%▼ -1.4 percentage points vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.94, compared with 1.04 in 2024, below 1; short-term debt: 78.6% and cash: 28.6% of total assets), and 90.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro): better than 13% on solvency, 32% on liquidity, 11% on profitability and 13% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
lowers risk · Size: total assets €487,712
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €46,580 (9.6% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Founded in 2002
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€20,417
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1238 sector peers (2025).
NBB · sector comparison
Position among 1238 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · 2025 accounts filed 15 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-05-2026, 15 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
15 days late
2024
15 days late
2023
3 days early
2022
37 days late
2021
2 days late
2020
14 days late
2019
27 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 15 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end30-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€77,919

Key points

  • Caution: Among the weakest 11% on solvencysector median 46.4% · 1,238 companies 9.6% View
  • Positive: Result rose in 2025from -€77,919 to -€20,417 ▲ 73.8% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€20,417 View

By topic

Financials

Financial year
2025
Total assets
€487,712
Loss
-€20,417
Solvency
9.6%
Total assets▲ 23.9%
Net result
20192025
Go to Financials

Timeline

Events
27
Since
2004
Next accounts
by 30-04-2027
  1. 27-04-2024Annual accounts filed
  2. 19-12-2023Resignations: DIRKX Ronny Joannes Jacobus (niet statutair…
  3. 30-09-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
26-09-2002
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MONTARO

What is the company number of MONTARO?
0478.420.034. In Belgium the VAT number is the company number with BE in front: BE 0478.420.034.
Where is MONTARO based?
The registered office is at Venlosesteenweg (Kes) 418, 3640 Kinrooi.Company details
What does MONTARO do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of MONTARO?
Private limited company (BV).
When was MONTARO founded?
On 26-09-2002.
Is MONTARO still active?
Yes, MONTARO is an active enterprise in the KBO register.
How many employees does MONTARO have?
On average 0.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of MONTARO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MONTARO profitable?
In financial year 2025, MONTARO made a loss of €20,417.
Where can I find the annual accounts of MONTARO?
MONTARO filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MONTARO due?
By 30-04-2027, for financial year 2026.Timeline

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Subsidiaries and holdings

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