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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Monument Insurance European Services from Sint-Joost-ten-Node, company number BE0693776761, closed financial year 2025 with a result of € -1 million after tax. For that financial year Monument Insurance European Services recorded revenue of € 66.2 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € -724,716 to € -1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 9.6 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ 39 % more loss than in 2024
Profit after tax over the fiscal year.
€ 14.6 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4 million.
People and assets in 2025
144.7
▼ 9.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34.7 million
▲ 5% vs 2024
€ 240,000 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.
€ 855,407
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.1 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 7.2 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 66,057,100 | € 71,701,813 | € 66,230,320 | ▼ 8% |
| Gross margin | € 16,261,829 | - | - | - | |
| Profit after taxes | € 221,739 | € -2,240,700 | € -724,716 | € -1,005,201 | ▼ € 280,485 |
| Equity | € 6,059,906 | € 11,319,206 | € 10,594,490 | € 9,589,289 | ▼ 9% |
| Total debts | € 12,812,213 | € 15,170,444 | € 14,577,314 | € 12,826,636 | ▼ 12% |
| Cash | € 6,806,520 | € 14,743,307 | € 14,233,869 | € 14,553,291 | ▲ 2% |
| Retained profit | € -20,144 | € -2,260,844 | € -2,985,560 | € -3,990,761 | ▼ € 1 million |
| Balance sheet total | € 18,949,654 | € 26,619,023 | € 25,238,363 | € 22,512,746 | ▼ 11% |
| Employees (FTE) | 22.7 | 139.7 | 154.5 | 144.7 | ▼ 9.8 |
Key figures of Monument Insurance European Services, 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 Monument Insurance European Services?
What happened at Monument Insurance European Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pieter HERREMANS stepped down as director. NBB
- Philip KILMARTIN stepped down as director. NBB
- Koen DEPAEMELAERE stepped down as director. NBB
- Natacha DELIE stepped down as director. NBB
- Jean-Philippe AOUST stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1 million. Source: NBB ↗
- David HEALY stepped down as director. NBB
- Pieter HERREMANS became a director. NBB
In short
From € 221,739 profit in 2022 to € 1 million loss in 2025.
Paid € 315,162 in corporate taxes since 2022.
Best year ever: 2022, with € 221,739 profit.
On average € 716,400 of value added per employee in 2022.
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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 shares are held by Monument Re Limited SA (99.9%), Monument Assurance Belgium SA (0%) and Bridge Strategic Holdings Ltd (0%).
Directors
According to the 2025 annual accounts
Philip KILMARTIN
Director
since 2021 · until 2028
Koen DEPAEMELAERE
Director
Also active at: Azteca en/of Koen Depaemelaere, INTEGROWN INVEST, PI DISTRIBUTION, PI HEALTH, PI PROMOTION, PI LOGISTIC
since 2020 · until 2028
Pieter HERREMANS
Director
since 2023 · until 2029
Natacha DELIE
Director
since 2020 · until 2028
Jean-Philippe AOUST
Director
since 2022 · until 2028
David HEALY
Director
since 2022 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koning Albert II-laan 19
1210 Sint-Joost-ten-Node
Rue Joffre 12
4000 Liège
Active since 1 October 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Instituut van de Bedrijfsrevisoren
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€ 1.6 million revenue · 2025
+50 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
- 0693.776.761
- VAT number
- BE 0693.776.761
- Registered office
- Koning Albert II-laan 19, 1210 Sint-Joost-ten-Node
- Names & denominations
- Monument Insurance European Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2018
- Peppol
- Active · Active since 22 Jul 2025
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars
Ondersteunende activiteiten in verband met verzekeringen en pensioenfondsen, neg