A method for monitoring an oil-injected screw compressor configured to compress aspirated air by returning oil from an oil separator vessel (11) to a compression chamber (12) of a compressor block (30), for condensate formation in the oil circuit due to a too low compression discharge temperature (VET), determines a water inlet mass flow {dot over (m)}ein(t) and a water outlet mass flow {dot over (m)}aus(t) for a point in time t and determines generated condensate flow Δ{dot over (m)}w(t)={dot over (m)}ein(t)−{dot over (m)}aus(t) on the basis of difference formation.