Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Monni from Zaventem, company number BE0458430512, closed financial year 2025 with a result of € 7.2 million after tax. For that financial year Monni recorded revenue of € 2.8 million and equity of € 20.4 million. Compared with financial year 2024, the result moved from € 2.6 million to € 7.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 20.4 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.2 million
▲ 179% vs 2024
Profit after tax over the fiscal year.
€ 658,992
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.1 million paid out
57 % of the profit went to the shareholders, mostly to POWERGRAPH - Datum ontvangen kennisgeving 26.01.2026 (63 % of the shares). That is where the money ends up.
People and assets in 2025
€ 64,249
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 234,192
▼ 47% vs 2024
€ 201,390 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 628,424
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 129,249
▼ 42% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,371,083 | € 6,034,051 | € 5,498,290 | € 2,815,489 | ▼ 49% |
| Profit after taxes | € 746,003 | € 2,639,890 | € 2,561,971 | € 7,160,230 | ▲ 179% |
| Equity | € 12,915,886 | € 15,555,776 | € 18,117,748 | € 20,370,866 | ▲ 12% |
| Total debts | € 10,986,095 | € 9,840,122 | € 7,972,148 | € 5,160,052 | ▼ 35% |
| Cash | € 173,930 | € 508,413 | € 919,528 | € 658,992 | ▼ 28% |
| Retained profit | € 3,611,797 | € 6,251,688 | € 8,813,659 | € 11,066,777 | ▲ 26% |
| Dividend | € 0 | € 0 | € 0 | € 4,052,997 | |
| Bank debt | € 836,215 | € 638,046 | € 438,496 | € 234,192 | ▼ 47% |
| Balance sheet total | € 23,901,981 | € 25,395,898 | € 26,144,896 | € 25,675,918 | ▼ 2% |
| Employees (FTE) | 1.8 | 1.8 | 1.6 | - |
Key figures of Monni, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Monni?
What happened at Monni in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7.2 million (▲ 179% vs 2024). Source: NBB ↗
- Aragamor Nexus Services BV stepped down as director. NBB
- GESKI BV stepped down as director. NBB
- PRIMUS CONSULTING & MANAGEMENT BV stepped down as director. NBB
- POWERGRAPH - Datum ontvangen kennisgeving 26.01.2026 stepped down as director. NBB
- DEBRAKO BV stepped down as director. NBB
- MIEDEC stepped down as director. NBB
- Aragamor Nexus Services BV became a director. NBB
In short
From € 746,003 profit in 2022 to € 7.2 million profit in 2025.
Paid € 379,586 in corporate taxes since 2022.
Best year ever: 2025, with € 7.2 million profit.
Paid out € 4.1 million in dividends to the owners in total.
Management
The stake of BIG FRIEND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MonniThe shares are held by POWERGRAPH - Datum ontvangen kennisgeving 26.01.2026 (62.7%), Drupafina NV - Datum ontvangen kennisgeving 10.02.2021 (10%) and BIG FRIEND (10.1%). It owns 100% of Easyorder, 100% of Keyware Smart Card Division NV, 100% of Magellan SAS, 100% of Payment Solutions and 50% of Keyware Transactions & Processing GmbH , in vereffening itself.
Directors
According to the 2025 annual accounts
Director · represented by Arendt Anouk
since 2025 · until 2026
Director · represented by Gesquière Jan
Also active at: DEROOSE PLANTS, WILLEMEN GROEP, ABO-GROUP ENVIRONMENT, REYNESCO INVEST, Pauwels Transformers, Reynco, ELEXYS
since 2025 · until 2026
PRIMUS CONSULTING & MANAGEMENT BV
Director · represented by Geeraerts Pieter
Also active at: KEYWARE SMART CARD DIVISION, PAYMENT SOLUTIONS
since 2025 · until 2026
POWERGRAPH - Datum ontvangen kennisgeving 26.01.2026
Director · represented by Van Der Schueren Guido
Also active at: HYBRID Software BrandZ, eXplio, REYNESCO INVEST, 3D-SIDE, EasyOrder, CONICS, Hybrid Software, Designboard +1 more
since 2024 · until 2026
Director · represented by Koen De Brabander
Also active at: Guina, DAEMS GROUP, JEV-Invest
since 2024 · until 2026
Shareholders
Participations
100%
Magellan SAS
100%
100%
Keyware Transactions & Processing GmbH , in vereffening
50%
Establishments
Establishment units
Physical locations of this company
Ikaroslaan 24
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.430.512
- VAT number
- BE 0458.430.512
- Registered office
- Ikaroslaan 24, 1930 Zaventem
- Names & denominations
- Monni
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1996
- Peppol
- Active · Active since 6 Jul 2026
- Activities · NACE
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