Financials
- Fiscal year
- 2024
- Turnover
- €63,672
- Loss
- -€412,568
- Solvency
- -43.2%
Turnover▲ 26.6%
Net result
20232024
A. Martins
ActiveSummary
The computed 12-month bankruptcy probability of A. Martins is 1.6% (moderate). The 2024 annual accounts show negative equity (-€1.3m) and a net result of -€412,568. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 290 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
NACE 74879
1 site
Size
€63,672turnover 2024
- Equity
- -€1.3m
- Loss
- -€412,568
Structure
- Parent
- GILLION DEVELOPMENT · 99.94%
- Board
- 2 members
Auditor: RSM Interaudit SCRLAccounts 66 d overdue
Why 53- 1 financial year not filed after the legal deadline; latest accounts 77 days late; 3 of the last 3 late- Liquidity: current ratio 0.70, cash €44,156+ Size: turnover €63,672, total assets €3.0m+ Sector Other professional, scientific and technical activities (NACE 74)Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 16% of its sector peers (NACE 74, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -43.2% of total assets
Liquidity
2=
short-term debt 143.2% · cash 1.5%
Profitability
3+3
return on assets -13.7%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.3%▲ +21.6% vs 11-2024
01-2025: 2.3%▲ +82.6% vs 12-2024
02-2025: 2.0%▼ -12.4% vs 01-2025
03-2025: 2.3%▲ +15.2% vs 02-2025
04-2025: 2.4%▲ +4.0% vs 03-2025
05-2025: 2.3%▼ -3.9% vs 04-2025
06-2025: 2.6%▲ +10.9% vs 05-2025
07-2025: 2.7%▲ +4.4% vs 06-2025
08-2025: 2.7%▼ -1.3% vs 07-2025
09-2025: 2.7%▲ +1.4% vs 08-2025highest value
10-2025: 2.7%▼ -1.4% vs 09-2025
11-2025: 1.0%▼ -61.8% vs 10-2025lowest value
12-2025: 1.0%● 0.0% vs 11-2025lowest value
01-2026: 1.0%▲ +2.2% vs 12-2025
02-2026: 1.1%▲ +1.7% vs 01-2026
03-2026: 1.2%▲ +15.5% vs 02-2026
04-2026: 1.3%▲ +4.5% vs 03-2026
05-2026: 1.3%▲ +1.4% vs 04-2026
06-2026: 1.5%▲ +12.1% vs 05-2026
07-2026: 1.5%▲ +3.9% vs 06-2026
08-2026: 1.6%▲ +4.7% vs 07-2026
09-2026: 1.6%▲ +1.5% vs 08-2026
10-2026: 1.6%▼ -0.4% vs 09-2026
- Size: turnover €63,672, total assets €3.0m lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 77 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 0.70, cash €44,156 raises the probability
- Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
No credit on open account
Liquidity short (current ratio 0.7 against 0.77 in 2023; short-term debt: 143.2% and cash: 1.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, small). Better than this share of them on solvency 1%, liquidity 2%, profitability 10%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
19202122222324
2019 to 2024 · latest year -€1.3m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
180 d late
2022
35 d late
2022
308 d late
2021
467 d late
2020
472 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 257 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
- Resignations: GILLION DEVELOPMENT (director) and Les…Appointment: Alessandra MARTINS SOARES (non-statutory…
- Annual accounts filedfiscal year 2024 · full…
- Appointments: Les Entreprises Générales Fernand Gillion…Resignations: Rodrigue Gillion (director) and…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€1.3m View
- Risk: 6 loss-making years in a rowloss fiscal year 2024 -€412,568 View
- Caution: Among the weakest 5% on net resultsector median €16,671 · 289 companies -€412,568 View
- Caution: Board changedlatest change 23-01-2026 · 2 in office 1 joined · 2 left View
- Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
- Caution: Equity fell in 2024from -€882,936 to -€1.3m ▼ 46.7% View
- Controlled by GILLION DEVELOPMENTultimately: GILLION CONSTRUCT 99.94% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- GILLION DEVELOPMENT · 99.94%
- Auditor
- RSM Interaudit SCRL
Go to Board & ownership
Network & group
- Group
- GILLION CONSTRUCT
- Connected companies
- 2
Timeline
- Events
- 26
- Since
- 2005
- 23-01-2026Resignations: GILLION DEVELOPMENT (director) and Les Entreprises…
- 16-10-2025Annual accounts filed
- 23-04-2025Appointments: Les Entreprises Générales Fernand Gillion et…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Code without a labelNACE 74879
- Founded
- 16-09-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Annual meeting
- Last Tuesday of June at 09:00
- Purpose
- L'acquisition, par voie d'achat, d'échange ou d'apport, la vente, la transformation, la…
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