Equity
€259,052 ▲ 50.7%
Equity rose in 2025 from €171,931 to €259,052.
Martech
Overview
Lifetime
3 annual accounts with figures on one time axispeak €144,857 (2023)
€103,104▼ 24.4%
peak €99,648 (2024)
€87,121▼ 12.6%
peak €259,052 (2025)
€259,052▲ 50.7%
€97,294▲ 30.5%
Board1 name since 2022
1 directorMartens Rob
Documentsfilings and deeds
09-10-202670 days late
2025micro format
Bankruptcy reversal 09-10Bankruptcy published 25-06Gross margin from €136,410 to €103,104Equity from €171,931 to €259,052Debts from €74,528 to €97,294Investments €10,000
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Investments
€10,000 3.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 330.3% higher than in 2024.
Filings
3 annual accounts 70 days
Latest accounts filed late: after the legal deadline.
Starting capital
€1,000 100 shares
Position in the sector
€87,121
Higher net result than 91% of companies in fabricated metal products. Sector median €12,151 · 2,343 companies.
Checked score
51
Fair
Financially stronger than 70% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.3%● unchanged vs 01-2025
03-2025: 2.3%● unchanged vs 02-2025
04-2025: 2.3%● unchanged vs 03-2025
05-2025: 2.3%● unchanged vs 04-2025
06-2025: 2.2%▼ -0.1 percentage points vs 05-2025lowest value
10-2026: 3.5%highest value
11-2026: 3.5%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 70 days late; 2 of the last 3 accounts late
Liquidity: current ratio 3.49, cash €0, halved
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Founded in 2022
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 77% of them on solvency, 27% on liquidity, 88% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Martech has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Martech itself is higher: 3.5% within 12 months. It rests on far more data about Martech than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Martech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms, only on tighter conditions: historical bankruptcy publications
Liquidity is ample, with a current ratio of 3.49 (3.17 in 2024), above the usual 1.5. Short-term debt is 27.3% and cash 0% of total assets. 27.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · 2025 accounts filed 70 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
70 days late
2024
70 days late
2023
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 43 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 October (3 of the last 3 accounts filed within 81 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MR
Martens Rob
Director, since 04-10-2022
- MARTENS Robertus Bernardus Gerardus Maria 100 sharesdeed of 10-10-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0791991340
Bankruptcy reversal
Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Hasselt division · judgment of 19-06-2025 · Bankruptcy
Incorporation
Founding capital of €1,000, 100 shares · Founder: MARTENS Robertus Bernardus Gerardus Maria · MARTENS Robertus Bernardus Gerardus Maria holds 100 shares · published on 10-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Martech Pelt | €356,346 | €103,104 | 72.7% | - |
| JTCNC Beringen | €377,292 | €99,297 | 15.7% | - |
| MetalSight Grimbergen | €333,108 | €95,936 | 61.5% | - |
| DK TECH Hamois | €324,178 | €85,358 | 12.9% | - |
| Accosea Ravels | €456,609 | €90,440 | 49.8% | - |
| Weld - Connect As | €370,115 | €138,838 | 25.7% | - |
| AMOUPLUS Beringen | €307,214 | €78,090 | 6.8% | - |
These companies have the same main activity as Martech: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €307,000 and €457,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 06-10-2022Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 3 others
- Establishment unit
- 2.336.492.3493910 Pelt, since 06-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €103,104▼ 24.4%
- €87,121▼ 12.6%
- €259,052▲ 50.7%
- €356,346▲ 44.6%
- Filing
- Filed on 09-10-2026
Insights on Martech
Martech files the micro format. That format states no turnover. The gross margin fell from €144,857 in 2023 to €103,104 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 09-10-2026, 70 days late€103,104
▼ 24.4%
€99,474
▼ 25.5%
€87,121
▼ 12.6%
€241,886
▲ 49.3%
72.7%
▲ 2.9 percentage points
3.49
▲ 0.31
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €170,000 and €400,000.
Balance sheet
balance sheet total €356,346 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
72.7%
Higher than 78% of 2,343 companies in 2025.
3.49
Higher than 77% of 2,309 companies in 2025.
24.4%
Higher than 85% of 2,323 companies in 2025.
Martech
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
356,346 | 246,458 | 107,957 | |
21/28 |
17,166 | 9,958 | 4,748 | |
21 |
2,748 | 3,748 | 4,748 | |
22/27 |
14,418 | 6,210 | - | |
23 |
11,644 | 2,706 | - | |
24 |
2,774 | 3,504 | - | |
29/58 |
339,181 | 236,500 | 103,209 | |
40/41 |
339,181 | 210,315 | 101,911 | |
40 |
104,042 | 44,411 | 49,507 | |
41 |
235,139 | 165,904 | 52,405 | |
54/58 |
0 | 26,185 | 1,297 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
356,346 | 246,458 | 107,957 | |
10/15 |
259,052 | 171,931 | 72,282 | |
10/11 |
1,000 | 1,000 | 1,000 | |
13 |
258,052 | 170,931 | 71,282 | |
133 |
258,052 | 170,931 | 71,282 | |
17/49 |
97,294 | 74,528 | 35,674 | |
42/48 |
97,294 | 74,528 | 35,674 | |
43 |
33,290 | - | - | |
430/8 |
33,290 | - | - | |
44 |
1,378 | 894 | 727 | |
440/4 |
1,378 | 894 | 727 | |
45 |
62,627 | 73,634 | 34,947 | |
450/3 |
62,627 | 73,634 | 34,947 | |
| Income statement | ||||
9900 |
103,104 | 136,410 | 144,857 | |
630 |
2,792 | 1,384 | 252 | |
640/8 |
838 | 1,415 | 39,736 | |
9901 |
99,474 | 133,611 | 104,869 | |
75/76B |
10,242 | 6,387 | 18 | |
75 |
10,242 | 6,387 | 18 | |
65/66B |
154 | 480 | 157 | |
65 |
154 | 480 | 157 | |
9903 |
109,561 | 139,518 | 104,730 | |
67/77 |
22,440 | 39,869 | 33,447 | |
9904 |
87,121 | 99,648 | 71,282 | |
9905 |
87,121 | 99,648 | 71,282 | |
| Appropriation of the result | ||||
9906 |
87,121 | 99,648 | 71,282 | |
691/2 |
87,121 | 99,648 | 71,282 | |
6921 |
87,121 | 99,648 | 71,282 | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 70 days after the deadline. Filed on 9 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00554304.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 102,266 | 134,995 | 105,121 | ||
| 89,913 | 101,033 | 71,535 | ||
| 10,000 | 6,594 | 5,000 | ||
| -26,185 | 24,888 | - | ||
| 241,886 | 161,973 | 67,535 | ||
| 72.7% | 69.8% | 67.0% | ||
| 3.49 | 3.17 | 2.89 | ||
| 0.38 | 0.43 | 0.49 | ||
| 33.6% | 58.0% | 98.6% | ||
| 24.4% | 40.4% | 66.0% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €10,000 | €6,594 | - |
| Intangible fixed assets | - | - | €5,000 |
| €2,792 | €1,384 | €252 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Martech
The operating result for 2025 is 26% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total falls from 30.2% to 27.3%. Equity and debt are higher.
Board & ownership
Curators
2 mandatesCurator, Kunstlaan 18 Bus 6, 3500 Hasselt
from 19-06-2025 to 09-10-2025
Also on 150 other cases
Curator, Kunst- Laan 18 Bus 6, 3500 Hasselt
from 19-06-2025 to 09-10-2025
Also on 139 other cases
Board
1 directorMandates through the years
1 name, the dashed line is todayMartens Rob
Director
Director
Board
Mandates as a list
- Martens Rob
- Director, from 04-10-2022 to date
Control
Founder
MARTENS Robertus Bernardus Gerardus Maria
This company
Martech
Equity €259,052
Profit €87,121 in 2025
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €2,591 in 2025
- Source
- deed of 10-10-2022
Articles of association
deed of 10-10-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
Shareholders
At incorporation
deed of 10-10-2022 ↗
- MARTENS Robertus Bernardus Gerardus Maria 100 shares (100%)
Network & group
No group
Martech has no parent and no holdings in its annual accounts. Martens Rob is the only director. Martech shares no director with another company.
At the same address
Broeseinderdijk 178, 3910 Pelt · 1 other company| Marotech
registered office since 11-09-2025 |
founded in 2025 1027.528.522 |
Timeline
Timeline
11 events since 2022Filings
Financial
Establishments
Insolvency
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0791991340
Annual accounts 2025 filed NBBmicro format · 70 days late
2025
Equity above €200,000 equity €259,052 ▲50.7% With a profit in every financial year since 2023, equity grows to €259,052.
Bankruptcy reversal
Annual accounts 2024 filed PDFmicro format · 70 days late
Bankruptcy published Enterprise Court of Antwerp, Hasselt division · judgment of 19-06-2025
2024
Highest result from 2023 to 2025 net €99,648 ▲39.8% The operating result of €133,611 and the net result of €99,648 are both a record.
Equity above €150,000 equity €171,931 ▲138% With a profit in every financial year since 2023, equity grows to €171,931.
Annual accounts 2023 filed PDFmicro format · 12 days before the deadline
2022
IncorporationFounding capital of €1,000, 100 shares · Founder: MARTENS Robertus Bernardus Gerardus Maria · MARTENS Robertus Bernardus Gerardus Maria holds 100 shares · published on 10-10-20223 points ▸
- Founder, MARTENS Robertus Bernardus Gerardus Maria
- Founding capital, €1,000, 100 shares
- MARTENS Robertus Bernardus Gerardus Maria holds 100 shares
First establishment Broeseinderdijk 178, Pelt
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0791.991.340
- VAT number
- BE 0791.991.340
- Peppol ID
- 0208:0791991340
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-10-2022
- Financial year
- ends on 31 December
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Martech in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-10-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Broeseinderdijk 178, 3910 Pelt”deed of 10-10-2022 (in Dutch)
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
25401
Forging of metal
25530
Machining of metals
43320
Joinery installation
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
25501
Manufacture of fabricated metal products, except machinery and equipment
25620
Manufacture of fabricated metal products, except machinery and equipment
43320
Joinery installation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Verspanend bewerken van metalen; Boren,draaien,frezen,bewerken,schaven,lappen,trekfrezen,vlakken,zagen,slijpen,lassen,enz.van metalen…”deed of 10-10-2022 (in Dutch)
18 activities
- Verspanend bewerken van metalen
- Boren,draaien,frezen,bewerken,schaven,lappen,trekfrezen,vlakken,zagen,slijpen,lassen,enz.van metalen stukken
- Montage van buiten- en binnenschrijnwerk in metaal
- Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.,in metaal
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.,in metaal
- Ontwerpen en maken van uitlaatsystemen
- Vervaardiging van buizen,pijpen,holle profielen en fittings daarvoor,van staal
- Vervaardiging en bewerking van gelaste buizen,koud of warm gevormd en gelast,vervormd en koudgetrokken of warm vervormd en gewalst
- Groothandel in machines,werktuigen en toebehoren voor de landbouw en industrie
- Ontwerpen,het maken en het monteren van machines voor landbouw en industrie
- Lassen van staal,roestvaststaal en aluminium
- Vervaardiging van afgewerkte van kunststof:buizen,slangen en hulpstukken voor buisleidingen in kunststof
- Schrijnwerk
- Mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen
- Mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor verwezenlijking van geheel of gedeelte van haar maatschappelijk voorwerp
- Opsomming is niet beperkend,zodat alle handelingen kunnen worden gesteld die kunnen bijdragen tot verwezenlijking van maatschappelijk voorwerp
- Mag voorwerp verwezenlijken in België en buitenland,op alle wijzen en manieren die zij best geschikt acht
- Mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in Wetten en Koninklijke Besluiten op financiële transacties en markten en over vermogensbeheer en beleggingsadvies
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Broeseinderdijk 178 registered office 3910 Pelt | 06-10-2022 | 2.336.492.349 |
Buildings and parcels at the address
- Ground area
- 1,207 m²
- Buildings
- 279 m²
- Volume, LiDAR
- 1,052 m³
- Tallest building
- 7.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72025A0823/00V028 | 1,207 m² | 1 · 279 m² | 7.3 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0791.991.340