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 51 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Montreal Development from Antwerpen, company number BE0503871151, closed financial year 2025 with a result of € 7,702 after tax. For that financial year Montreal Development recorded a gross margin of € 256,025 and equity of € 220,223. Compared with financial year 2024, the result moved from € 4,036 to € 7,702. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 220,223
▼ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,702
▲ 91% vs 2024
Profit after tax over the fiscal year.
€ 472,640
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 223,275 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 121,114
▼ 4% vs 2024
€ 80,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 35,190
▲ € 29,206 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.2 million
▲ 63% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 780,990
▲ 148% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 92,328
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 269,047 | € 284,748 | € 296,340 | € 256,025 | ▼ 14% |
| Profit after taxes | € 48,868 | € 21,598 | € 4,036 | € 7,702 | ▲ 91% |
| Equity | € 920,161 | € 941,759 | € 435,795 | € 220,223 | ▼ 49% |
| Total debts | € 12,446,630 | € 5,411,098 | € 6,953,403 | € 5,469,335 | ▼ 21% |
| Cash | € 1,006,421 | € 1,065,738 | € 1,133,306 | € 472,640 | ▼ 58% |
| Retained profit | € 858,161 | € 879,759 | € 373,795 | € 158,223 | ▼ 58% |
| Dividend | € 0 | € 0 | € 510,000 | € 223,275 | ▼ 56% |
| Bank debt | € 200,000 | € 1,350,000 | € 1,970,000 | € 3,220,000 | ▲ 63% |
| Balance sheet total | € 13,366,791 | € 6,352,857 | € 7,389,198 | € 5,689,558 | ▼ 23% |
| Employees (FTE) | 1.7 | 1.7 | 1.5 | 1.5 |
Key figures of Montreal Development, 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 Montreal Development?
What happened at Montreal Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MISTRAL MANAGEMENT BV stepped down as director. NBB
- Oslo BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7,702 (▲ 91% vs 2024). Source: NBB ↗
- MISTRAL MANAGEMENT BV became a director. NBB
- Oslo BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,868 profit in 2022 to € 7,702 profit in 2025.
Paid € 66,594 in corporate taxes since 2022.
Best year ever: 2022, with € 48,868 profit.
On average € 170,700 of value added per employee 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
It owns 50% of Eandisstip NV and 33.3% of Monath NV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Michel Vanderstraeten
Also active at: Vanderstraeten, PEREMANS, VDS LOGISTICS, Lummen_Kunstberg_BZT, Eandistip, VDS SERVICES, LIER_ANTWERPSESTWG_HR, MECHELEN_RODEKRUIS_HR +5 more
since 2025 · until 2030
Managing director · represented by Bart Langens
Also active at: Lummen_Kunstberg_BZT, Eandistip, Rode Kruisplein, LIER_ANTWERPSESTWG_HR, MECHELEN_RODEKRUIS_HR, ANTWERPEN_QUELLIN_STU, ASSE HOPMARKT, Montreal Properties +1 more
since 2025 · until 2030
Establishments
Establishment units
Physical locations of this company
Noorderplaats 9 box 3
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →HOYA LENS BELGIUM
€ 22.8 million revenue · 2026
ALLROUND FORWARDING & LOGISTICS
€ 1.3 million gross margin · 2025
HMM (Belgium) Shipping
€ 3.3 million revenue · 2025
Intrameo BV
€ 451,031 gross margin · 2024
In4Leads BV
€ 1.6 million gross margin · 2024
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0503.871.151
- VAT number
- BE 0503.871.151
- Registered office
- Noorderplaats 9 bus 3, 2000 Antwerpen
- Names & denominations
- Montreal Development
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2013
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
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