Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MONAR from Beveren-Kruibeke-Zwijndrecht, company number BE0451739985, closed financial year 2025 with a result of € -4,465 after tax. For that financial year MONAR recorded a gross margin of € -3,950 and equity of € -101,533. Compared with financial year 2024, the result moved from € -1,804 to € -4,465. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 27, 2026.
€ -101,533
▼ € 4,465 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,465
▼ 148 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,489
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -107,733.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 244
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -59,949 | € -5,159 | € -3,021 | € -3,950 | ▼ € 929 |
| Profit after taxes | € -65,874 | € -6,612 | € -1,804 | € -4,465 | ▼ € 2,662 |
| Equity | € -88,651 | € -95,263 | € -97,067 | € -101,533 | ▼ € 4,465 |
| Total debts | € 155,243 | € 153,618 | € 151,660 | € 151,092 | |
| Cash | € 55,331 | € 57,238 | € 14,164 | € 9,489 | ▼ 33% |
| Retained profit | € -94,851 | € -101,463 | € -103,267 | € -107,733 | ▼ € 4,465 |
| Balance sheet total | € 66,591 | € 58,355 | € 54,593 | € 49,559 | ▼ 9% |
Key figures of MONAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MONAR?
What happened at MONAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,465. filed late Source: NBB ↗
- Sony Music Entertainment Belgium NV became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 65,874 loss in 2022 to € 4,465 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SONY MUSIC ENTERTAINMENT BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MONARBehind MONAR are Sony Music Entertainment Belgium NV and Tom De Maeijer. The shares are held by SONY MUSIC ENTERTAINMENT BELGIUM (34.9%). It owns 25% of Arbor Group itself.
Directors
According to the 2025 annual accounts
Sony Music Entertainment Belgium NV
Director · represented by Toon Martens
since 2019
Tom De Maeijer
Director
Shareholders
Participations
25%
Establishments
Establishment units
Physical locations of this company
Boskouter 154
2070 Beveren-Kruibeke-Zwijndrecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.739.985
- VAT number
- BE 0451.739.985
- Registered office
- Boskouter 154, 2070 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- MONAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 1994
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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