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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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MONARD LAW from Sint-Pieters-Woluwe, company number BE0538839651, closed financial year 2025 with a result of € 0 after tax. For that financial year MONARD LAW recorded revenue of € 33.3 million and equity of € 363,900. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 4, 2026.
€ 363,900
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 4 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3,200.
People and assets in 2025
31.4
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 11% vs 2024
€ 73,400 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.
€ 196,805
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2 million
▲ 11% vs 2024
€ 217,912 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 15.1 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 181 days on average.
€ 327,577
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,850,835 | € 26,089,217 | € 31,173,312 | € 33,285,872 | ▲ 7% |
| Profit after taxes | € 4,211,557 | € 0 | € 0 | € 0 | |
| Equity | € 318,500 | € 363,600 | € 363,600 | € 363,900 | |
| Total debts | € 11,881,393 | € 15,174,565 | € 17,164,653 | € 17,936,292 | ▲ 4% |
| Cash | € 3,417,954 | € 5,392,418 | € 3,917,736 | € 4,007,993 | ▲ 2% |
| Retained profit | € 3,200 | € 3,200 | € 3,200 | € 3,200 | |
| Dividend | € 4,211,557 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,383,855 | € 1,776,385 | € 1,762,817 | € 1,963,955 | ▲ 11% |
| Balance sheet total | € 12,199,893 | € 15,538,165 | € 17,528,253 | € 18,300,192 | ▲ 4% |
| Employees (FTE) | 28.7 | 33.1 | 29.7 | 31.4 | ▲ 1.7 |
Key figures of MONARD LAW, 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 March 2027.
What happened to MONARD LAW?
What happened at MONARD LAW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MM Advocaat BV stepped down as director. NBB
- Wouter Moonen BV stepped down as director. NBB
- Jeroen Raskin BV stepped down as director. NBB
- Pieter G. Van Den Berghe BV stepped down as director. NBB
- D. De Jaeger BV stepped down as director. NBB
- Advocatenkantoor Benoit Samyn BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 0. Source: NBB ↗
- MM Advocaat BV became a director. NBB
In short
From € 4.2 million profit in 2022 to € 0 profit in 2025.
Paid € 166,293 in corporate taxes since 2022.
Best year ever: 2022, with € 4.2 million profit.
Paid out € 4.2 million in dividends to the owners in total.
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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 AUXIO, ANDRE-PIERRE ANDRE-DUMONT SPRL, Peter Dufaux, ADVOCATENKANTOOR KOEN GEELEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MONARD LAWThe shares are held by AUXIO (4.3%), ANDRE-PIERRE ANDRE-DUMONT SPRL (4.3%), Peter Dufaux (4.2%) and ADVOCATENKANTOOR KOEN GEELEN (3%).
Directors
According to the 2025 annual accounts
Director · represented by Maxime Monard
since 2025 · until 2028
Director · represented by Wouter Moonen
since 2025 · until 2028
since 2025 · until 2028
Director · represented by Pieter Van Den Berghe
since 2025 · until 2028
Director · represented by Daan De Jaeger
since 2025 · until 2028
Advocatenkantoor Benoit Samyn BV
Director · represented by Benoit Samyn
since 2025 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 270
1150 Sint-Pieters-Woluwe
Mechelsesteenweg 64 box 101
2018 Antwerpen
Active since 19 September 2013
Recorstraat 700 box 501
3500 Hasselt
Active since 19 September 2013
Kortrijksesteenweg 1084
9051 Gent
Active since 18 August 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0538.839.651
- VAT number
- BE 0538.839.651
- Registered office
- Tervurenlaan 270, 1150 Sint-Pieters-Woluwe
- Names & denominations
- MONARD LAW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2013
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van advocaten