ACTIVE

MONTERRY

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Financial year 2025 · closed on 31/12/2025

Net result

339 k €

+116.0% YoY

Revenue

5,9 M €

+2.1% YoY

Equity

102,5 k €

+143.3% YoY

Workforce

69,3 ETP

+2.1% YoY

What does MONTERRY do?

MONTERRY is a Public limited company incorporated in 2003. Its main activity is: General secondary education. Its registered office is in Liège. It employs on average 69,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.289.857

Incorporation

26/05/2003

Legal form

Public limited company

Registered office

Rue Julien-D'Andrimont 29 box 8
4000 Liège · WallonieSee on map

Contributed capital

272 683,00 €

Latest accounts

31/12/2025

Average workforce

69,3 ETP

Activities (NACE)

85315General secondary education· main 87301Residential care activities for the elderly and disabled 87301Residential care activities for the elderly and disabled

Joint committees (4)

201
30502
330
33001

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	5,9 M €	+2.1%	5,8 M €	+2.0%	5,7 M €		–		–		0 €		–		–		–		–		–		–		–		–		–		–		–		3,2 M €	+9.6%	2,9 M €
EBITDA	484,3 k €	+21.9%	397,2 k €	-4.3%	415,2 k €	-8.7%	454,9 k €	+25.6%	362 k €	-3.0%	373,2 k €	+9.7%	340,2 k €	+17.4%	289,7 k €	-16.9%	348,6 k €	+53.5%	227 k €	-5.1%	239,2 k €	+38.4%	172,8 k €	-20.5%	217,4 k €	+17.3%	185,3 k €	-10.5%	207 k €	+15.2%	179,7 k €	-38.1%	290,3 k €	+102%	143,9 k €	+418%	27,8 k €
Operating result	470,8 k €	+22.4%	384,6 k €	-5.5%	407 k €	-8.8%	446,3 k €	+29.3%	345,2 k €	+3.7%	332,9 k €	+17.6%	283,2 k €	+21.8%	232,4 k €	-18.4%	284,7 k €	+108%	136,9 k €	-0.2%	137,2 k €	+79.8%	76,3 k €	-37.4%	121,8 k €	+25.3%	97,2 k €	-22.0%	124,6 k €	+15.9%	107,4 k €	-52.2%	224,8 k €	+174%	82 k €	+327%	-36,1 k €
Net result	339 k €	+116%	156,9 k €	+107%	-2,2 M €	-803%	306,2 k €	+18.2%	259,1 k €	+10.5%	234,5 k €	+16.7%	200,9 k €	+30.2%	154,4 k €	-19.3%	191,4 k €	+95.9%	97,7 k €	-3.5%	101,2 k €	+62.1%	62,4 k €	-32.8%	93 k €	+19.1%	78 k €	-10.6%	87,2 k €	+3.5%	84,3 k €	-50.3%	169,7 k €	+108%	81,5 k €	+222%	-66,6 k €
Balance sheet
Equity	102,5 k €	+143%	-236,5 k €	+39.9%	-393,4 k €	-122%	1,8 M €	+21.1%	1,5 M €	+56.6%	927,7 k €	+33.8%	693,2 k €	+40.8%	492,3 k €	+0.9%	487,9 k €	-1.7%	496,5 k €	-23.5%	648,8 k €	-18.7%	797,6 k €	+8.5%	735,2 k €	-17.6%	892,2 k €	+9.6%	814,2 k €	+12.0%	726,9 k €	+13.1%	642,6 k €	+35.9%	472,9 k €	+20.8%	391,4 k €
Total assets	2,4 M €	-1.0%	2,4 M €	-1.7%	2,5 M €	-47.4%	4,7 M €	+111%	2,2 M €	+56.2%	1,4 M €	+9.5%	1,3 M €	+16.2%	1,1 M €	-17.8%	1,4 M €	+8.4%	1,3 M €	-8.9%	1,4 M €	+4.1%	1,3 M €	-21.5%	1,7 M €	+15.0%	1,5 M €	-1.8%	1,5 M €	+18.8%	1,3 M €	+15.1%	1,1 M €	+33.4%	818,9 k €	+15.8%	706,9 k €
Cash	651,5 k €	+60.3%	406,5 k €	+3.5%	392,7 k €	-65.9%	1,2 M €	-27.7%	1,6 M €	+67.0%	953,8 k €	+18.5%	804,8 k €	+32.1%	609,3 k €	-28.4%	850,8 k €	+18.1%	720,5 k €	+3.1%	698,6 k €	+12.0%	623,8 k €	-32.8%	928,1 k €	+75.4%	529,1 k €	-17.9%	644,8 k €	+40.2%	459,8 k €	-10.4%	513,2 k €	+122%	231,1 k €	+156%	90,3 k €
Debts	2,1 M €	-9.7%	2,3 M €	-12.9%	2,7 M €	-2.2%	2,7 M €	+344%	613,1 k €	+22.8%	499,3 k €	-18.1%	609,5 k €	-3.0%	628,4 k €	-28.2%	874,6 k €	+15.0%	760,4 k €	+4.1%	730,2 k €	+38.4%	527,4 k €	-44.6%	952,3 k €	+65.6%	575,2 k €	-15.4%	679,6 k €	+28.1%	530,6 k €	+18.0%	449,9 k €	+30.0%	346 k €	+9.7%	315,5 k €
Other
Workforce	69,3 ETP	+2.1%	67,9 ETP	+1.5%	66,9 ETP	-0.7%	67,4 ETP	+2.1%	66,0 ETP	+4.1%	63,4 ETP	-6.8%	68,0 ETP	+2.3%	66,5 ETP	-2.5%	68,2 ETP	+4.4%	65,3 ETP	-3.3%	67,5 ETP	+0.9%	66,9 ETP	-1.0%	67,6 ETP	+10.3%	61,3 ETP	+3.4%	59,3 ETP	+1.5%	58,4 ETP	+1.2%	57,7 ETP	+14.3%	50,5 ETP	+3.5%	48,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Vulpia Care

Director · since 30 décembre 2025 · 0885.883.479

Represented by Luc VAN MOERZEKE

Active

Ended mandates

Claudine LUCAS

Director · since 05 juin 2020 · until 22 mai 2026

Ended

SEMAJULI

Managing director · since 05 juin 2020 · until 22 mai 2026 · 0898.641.949

Represented by Patrick SLEYPENN

Ended

Claudine Lucas

Director · since 01 mai 2020 · until 22 mai 2026

Ended

SEMAJULI

Director · since 01 mai 2020 · until 22 mai 2026 · 0898.641.949

Represented by Luc VAN MOERZEKE

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	03/08/2026	10/07/2025	23/08/2024	12/07/2023	06/07/2022	27/07/2021
General meeting	30/06/2026	30/06/2025	24/07/2024	30/06/2023	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
Full model	31/12/2025	30/06/2026	03/08/2026	French	PDF
Full model	31/12/2024	30/06/2025	10/07/2025	French	PDF
Full model	31/12/2023	24/07/2024	23/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	12/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	06/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	07/07/2020	French	PDF
Abridged model	31/12/2018	24/05/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	23/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	19/08/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	24/07/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	03/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	22/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	23/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 16 ended

Active mandates

Vulpia Care

Director · since 30 décembre 2025 · 0885.883.479

Represented by Luc VAN MOERZEKE

Active

Ended mandates

Claudine LUCAS

Director · since 05 juin 2020 · until 22 mai 2026

Ended

SEMAJULI

Managing director · since 05 juin 2020 · until 22 mai 2026 · 0898.641.949

Represented by Patrick SLEYPENN

Ended

Claudine Lucas

Director · since 01 mai 2020 · until 22 mai 2026

Ended

SEMAJULI

Director · since 01 mai 2020 · until 22 mai 2026 · 0898.641.949

Represented by Luc VAN MOERZEKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates09/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other14/04/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office10/03/2009
SIEGE SOCIAL
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 2025339 k €↑
2024
Annual accounts 2024156,9 k €↑
2023
Annual accounts 2023-2,2 M €↓
2022
Annual accounts 2022306,2 k €↑
2021
Annual accounts 2021259,1 k €↑
2019
Annual accounts 2019234,5 k €↑
2018
Annual accounts 2018200,9 k €↑
2017
Annual accounts 2017154,4 k €↓
2016
Annual accounts 2016191,4 k €↑
2015
Annual accounts 201597,7 k €↓
2014
Annual accounts 2014101,2 k €↑
2013
Annual accounts 201362,4 k €↓
2012
Annual accounts 201293 k €↑
2011
Annual accounts 201178 k €↓
2010
Annual accounts 201087,2 k €↑
2009
Annual accounts 200984,3 k €↓
2008
Annual accounts 2008169,7 k €↑
2007
Annual accounts 200781,5 k €↑
2006
Annual accounts 2006-66,6 k €
26/05/2003
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

MONTERRY

Overview

What does MONTERRY do?

Trend over 19 financial years

Indicative valuation

Board of directors

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