ACTIVE

MONTUSI

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Financial year 2025 · closed on 31/12/2025

Net result

16,3 k €

+120.6% YoY

Gross margin

31,2 k €

-10.5% YoY

Equity

11,3 M €

+0.1% YoY

Workforce

0,0 ETP

What does MONTUSI do?

MONTUSI is a Public limited company incorporated in 1986. Its main activity is: Activities of head offices. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.936.365

Incorporation

21/12/1986

Legal form

Public limited company

Registered office

Beemdstraat 2 box 1
1601 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

130 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,2 k €	-10.5%	34,8 k €	+29.4%	26,9 k €	-24.9%	35,8 k €	-69.2%	116,2 k €	+435%	21,7 k €	-30.3%	31,2 k €	-28.6%	43,7 k €	-35.1%	67,3 k €	-69.5%	220,4 k €	+22.9%	179,4 k €	-13.3%	206,9 k €	+38.3%	149,6 k €	-16.6%	179,5 k €	+35.8%	132,2 k €	+33.2%	99,2 k €	+14.3%	86,8 k €	-29.8%	123,7 k €	+200%	41,2 k €	-83.3%	246,4 k €
EBITDA	20,5 k €	-13.8%	23,7 k €	+72.6%	13,8 k €	-45.4%	25,2 k €	-76.2%	105,8 k €	+909%	10,5 k €	-49.2%	20,6 k €	+33.9%	15,4 k €	-71.9%	54,8 k €	-72.8%	201,1 k €	+19.8%	167,9 k €	-14.1%	195,5 k €	+41.0%	138,6 k €	-18.0%	168,9 k €	+38.8%	121,7 k €	+36.5%	89,2 k €	+18.3%	75,3 k €	-33.9%	114 k €	+260%	31,7 k €	-83.5%	192,1 k €
Operating result	-151,9 k €	+5.2%	-160,3 k €	+5.4%	-169,4 k €	-5.4%	-160,7 k €	-104%	-78,7 k €	+55.8%	-178,1 k €	-3.2%	-172,6 k €	+15.4%	-203,9 k €	+1.3%	-206,7 k €	-429%	-39 k €	-975988%	-4 €	-101%	398 €	-99.6%	94,2 k €	-21.4%	119,8 k €	+83.9%	65,2 k €	+87.9%	34,7 k €	+585%	5,1 k €	-81.7%	27,7 k €	+132%	-87,8 k €	-208%	81,7 k €
Net result	16,3 k €	+121%	-79,2 k €	+32.6%	-117,5 k €	-508%	28,8 k €	+27.2%	22,6 k €	-87.6%	182,7 k €	+201%	-180,4 k €	+13.3%	-208 k €	+1.5%	-211,1 k €	-547%	-32,7 k €	-119%	176,1 k €	+455%	31,7 k €	-66.8%	95,7 k €	-35.0%	147,1 k €	+99.1%	73,9 k €	+41.2%	52,3 k €	+146%	21,3 k €	-59.7%	52,8 k €	-85.9%	373,6 k €	+127%	164,5 k €
Balance sheet
Equity	11,3 M €	+0.1%	11,3 M €	-0.7%	11,4 M €	-1.0%	11,5 M €	+0.3%	11,5 M €	+0.2%	11,4 M €	+2.0%	11,2 M €	-1.6%	11,4 M €	-1.8%	11,6 M €	-1.8%	11,8 M €	-0.3%	11,9 M €	+1.5%	11,7 M €	+0.3%	11,7 M €	+0.6%	11,6 M €	+1.0%	11,5 M €	+0.6%	11,4 M €	-0.4%	11,4 M €	+0.2%	11,4 M €	+0.0%	11,4 M €	+3.4%	11 M €
Total assets	12,3 M €	-1.5%	12,5 M €	-1.0%	12,7 M €	-1.6%	12,9 M €	-0.1%	12,9 M €	-0.4%	12,9 M €	-1.4%	13,1 M €	-1.4%	13,3 M €	-0.9%	13,4 M €	+4.2%	12,9 M €	+4.4%	12,3 M €	+3.3%	11,9 M €	+0.2%	11,9 M €	+0.8%	11,8 M €	+1.0%	11,7 M €	+0.3%	11,7 M €	-0.8%	11,8 M €	-0.4%	11,8 M €	-0.2%	11,8 M €	+2.6%	11,5 M €
Cash	2,9 k €	-95.9%	68,9 k €	+173%	25,2 k €	+1873%	1,3 k €	-95.3%	27,4 k €	+252%	7,8 k €	+41.9%	5,5 k €	-2.4%	5,6 k €	-86.6%	42,1 k €	+83.5%	22,9 k €	-91.2%	259,5 k €	+76.0%	147,4 k €	-21.7%	188,3 k €	+49.4%	126 k €	+157%	49 k €	-83.6%	299 k €	-12.7%	342,3 k €	+5506%	6,1 k €	-58.1%	14,6 k €	-77.9%	65,7 k €
Debts	941,1 k €	-17.8%	1,1 M €	-3.1%	1,2 M €	-6.8%	1,3 M €	-3.2%	1,3 M €	-4.9%	1,4 M €	-20.2%	1,7 M €	+0.5%	1,7 M €	+5.8%	1,6 M €	+84.6%	879,5 k €	+196%	296,7 k €	+354%	65,3 k €	+9.1%	59,8 k €	+78.7%	33,5 k €	+16.8%	28,7 k €	-51.0%	58,5 k €	-42.5%	101,8 k €	-37.4%	162,5 k €	-10.5%	181,6 k €	-59.9%	453,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 25 ended

Active mandates

AMFORTIS

Director · since 31 mai 2024 · 0447.532.858

Represented by Luc Deconinck

Active

Theresia Coussement

Director · since 31 mai 2024

Active

Ended mandates

AMFORTIS

Director · since 06 juin 2017 · until 06 juin 2023 · 0447.532.858

Represented by Luc Deconinck

Ended

Theresia Coussement

Mandate · since 06 juin 2017 · until 06 juin 2023

Ended

Theresia Coussement

Managing director · since 06 juin 2017 · until 06 juin 2023

Ended

AMFORTIS

Managing director · since 06 juin 2011 · until 05 juin 2017 · 0447.532.858

Represented by Luc Deconinck

Ended

At this address

Other companies at this address

Company	CBE no.
ACILIUS● Active	0717.606.196
AMPELIUS● Active	0724.595.344
APOTENA● Active	0885.774.405
AVICENNE SANTE● Active	1010.490.966
Immobilière Moderne● Active	0403.310.756
PORTUS● Active	0429.517.285
TER BEEMD● Active	0835.595.414

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	27/06/2025	01/07/2024	24/05/2023	29/07/2022	06/08/2021
General meeting	01/06/2026	25/06/2025	25/06/2024	15/05/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	04/06/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	24/05/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	06/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 25 ended

Active mandates

AMFORTIS

Director · since 31 mai 2024 · 0447.532.858

Represented by Luc Deconinck

Active

Theresia Coussement

Director · since 31 mai 2024

Active

Ended mandates

AMFORTIS

Director · since 06 juin 2017 · until 06 juin 2023 · 0447.532.858

Represented by Luc Deconinck

Ended

Theresia Coussement

Mandate · since 06 juin 2017 · until 06 juin 2023

Ended

Theresia Coussement

Managing director · since 06 juin 2017 · until 06 juin 2023

Ended

AMFORTIS

Managing director · since 06 juin 2011 · until 05 juin 2017 · 0447.532.858

Represented by Luc Deconinck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2007
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2005
ONTSLAGEN - BENOEMINGEN - DOEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/07/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202516,3 k €↑
2024
Annual accounts 2024-79,2 k €↑
2023
Annual accounts 2023-117,5 k €↓
2022
Annual accounts 202228,8 k €↑
2021
Annual accounts 202122,6 k €↓
2020
Annual accounts 2020182,7 k €↑
2019
Annual accounts 2019-180,4 k €↑
2018
Annual accounts 2018-208 k €↑
2017
Annual accounts 2017-211,1 k €↓
2016
Annual accounts 2016-32,7 k €↓
2015
Annual accounts 2015176,1 k €↑
2014
Annual accounts 201431,7 k €↓
2013
Annual accounts 201395,7 k €↓
2012
Annual accounts 2012147,1 k €↑
2011
Annual accounts 201173,9 k €↑
2010
Annual accounts 201052,3 k €↑
2009
Annual accounts 200921,3 k €↓
2008
Annual accounts 200852,8 k €↓
2007
Annual accounts 2007373,6 k €↑
2006
Annual accounts 2006164,5 k €
21/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MONTUSI

Overview

What does MONTUSI do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline