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A.Martin

Active
Public limited companyfounded 198145 years activeAvenue du Guéret 20, 1300 Wavre, BelgiumKBO/BCE: BE 0421.250.313
Summary

The computed 12-month bankruptcy probability of A.Martin is 8.1% (elevated). The 2025 annual accounts show negative equity (-€53,620) and a net result of -€61,898. Equity is shrinking by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 6,033 sector peers (NACE 46, fiscal year 2025). The company has been active since 1981 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Overview

Activity
Wholesale trade
NACE 46432Retail trade NACE 47553
1 site
Size
€111,647turnover 2025
Staff
1 FTE
Equity
-€53,620
Loss
-€61,898
Financial health
31 Weak Checked score 2025
Bankruptcy probability, 12 months
8.1%
Structure
Accounts filed 20 days late0 of 3 deeds read
Why 31- Loss of €61,898, the second in a row (FY 2025)- Negative equity -€53,620- 2 ex-officio strike-offs in the KBO+ Size: turnover €111,647, 1 FTE, total assets €124,433Show the evidence

Checked score

Score 2025
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 16% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 0-30
equity -43.1% of total assets
Liquidity 1+1
short-term debt 137.4% · cash 0.6%
Profitability 0=
return on assets -49.7%
Bankruptcy probability, 12 months
8.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.3 percentage points vs 04-2025 06-2025: 2.2%▲ +1.6 percentage points vs 05-2025 07-2025: 2.3%▲ +0.1 percentage points vs 06-2025 08-2025: 3.4%▲ +1.1 percentage points vs 07-2025 09-2025: 4.5%▲ +1.1 percentage points vs 08-2025 10-2025: 4.6%▲ +0.1 percentage points vs 09-2025 11-2025: 4.6%● unchanged vs 10-2025 12-2025: 4.6%● unchanged vs 11-2025 01-2026: 4.7%▲ +0.1 percentage points vs 12-2025 02-2026: 4.7%● unchanged vs 01-2026 03-2026: 4.7%● unchanged vs 02-2026 04-2026: 4.9%▲ +0.2 percentage points vs 03-2026 05-2026: 5.2%▲ +0.3 percentage points vs 04-2026 06-2026: 5.4%▲ +0.2 percentage points vs 05-2026 07-2026: 5.6%▲ +0.2 percentage points vs 06-2026 08-2026: 7.0%▲ +1.4 percentage points vs 07-2026 09-2026: 8.1%▲ +1.1 percentage points vs 08-2026highest value 10-2026: 8.1%● unchanged vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.62 against 0.95 in 2024; short-term debt: 137.4% and cash: 0.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 3% on liquidity, 6% on profitability and 47% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Loss of €61,898, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Negative equity -€53,620
NBB · annual accounts
raises risk · 2 ex-officio strike-offs in the KBO
KBO publications
lowers risk · Size: turnover €111,647, 1 FTE, total assets €124,433
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18202122232425
2018 to 2025 · latest year -€53,620
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filings
Deviation from the deadline
2025
20 days late
2024
28 days late
2023
26 days late
2022
30 days late
2021
29 days late
2020
23 days late
2018
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-compliance×2
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€61,898
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€53,620 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€61,898 View
  • Caution: Among the weakest 5% on solvencysector median 45.7% · 6,033 companies -43.1% View
  • Active since 1981founded 01-01-1981 45 years View

By topic

Financials

Fiscal year
2025
Turnover
€111,647
Loss
-€61,898
Solvency
-43.1%
Turnover▲ 78.0%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 23-05-2025UBO non-compliance
  2. 28-04-2025UBO non-compliance
  3. 26-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46432
Founded
01-01-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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