Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Munros from Court-Saint-Etienne, company number BE0543498423, closed financial year 2026 with a result of € -45,313 after tax. For that financial year Munros recorded a gross margin of € -43,321 and equity of € 38,787. Compared with financial year 2025, the result moved from € 2,997 to € -45,313. The company made a loss. The buffer shrank hard: equity is 54 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2026.
€ 38,787
▼ 54% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,313
▼ still € 2,997 profit in 2025
Profit after tax over the fiscal year.
€ 12,232
▼ 58% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 20,187.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 31
▼ 89% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 6,330
▼ 46% vs 2025
€ 5,839 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 53,994
▲ 274% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 4,769
▼ 10% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 17,501 | € -159 | € 4,671 | € -43,321 | ▼ € 47,992 |
| Profit after taxes | € 14,660 | € -1,850 | € 2,997 | € -45,313 | ▼ € 48,311 |
| Equity | € 82,953 | € 81,103 | € 84,100 | € 38,787 | ▼ 54% |
| Total debts | € 92,555 | € 94,919 | € 59,821 | € 102,812 | ▲ 72% |
| Cash | € 31,109 | € 50,963 | € 29,095 | € 12,232 | ▼ 58% |
| Retained profit | € 64,353 | € 62,503 | € 65,500 | € 20,187 | ▼ 69% |
| Bank debt | € 23,226 | € 17,322 | € 11,691 | € 6,330 | ▼ 46% |
| Balance sheet total | € 175,508 | € 176,022 | € 143,921 | € 141,599 | ▼ 2% |
Key figures of Munros, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
What happened to Munros?
What happened at Munros in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 45,313 (▼ € 48,311 vs 2025). Source: NBB ↗
- Gaëtan OLEFFE became a director. NBB
- New establishment in Court-Saint-Etienne. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,660 profit in 2023 to € 45,313 loss in 2026.
Best year ever: 2023, with € 14,660 profit.
Management
Behind Munros is Gaëtan OLEFFE.
Directors
According to the 2026 annual accounts
Gaëtan OLEFFE
Administrateur
since 2023
Establishments
Establishment units
Physical locations of this company
Rue des Queutralles 8
1490 Court-Saint-Etienne
Rue de Faux 62B
1490 Court-Saint-Etienne
Active since 20 December 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.498.423
- VAT number
- BE 0543.498.423
- Registered office
- Rue des Queutralles 8, 1490 Court-Saint-Etienne
- Names & denominations
- Munros
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2013
- Peppol
- Active · Active since 8 Sept 2025
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