MARTENS
ActiveMARTENS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €87k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+23
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 7.04 against 4.65 in 2024), and 20.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.4%
Return on assets
4.8%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
17 d late
2023
57 d early
2022
55 d early
2021
42 d early
2020
34 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.43M▼ 6.3%
2024 · €1.52M
2019: €1.19M
2020: €1.26M
2021: €1.40M
2022: €1.48M
2023: €1.50M
2024: €1.52M
2019 → 2025
Total assets
€1.80M▼ 11.1%
2024 · €2.02M
2019: €1.69M
2020: €1.55M
2021: €1.63M
2022: €1.68M
2023: €1.64M
2024: €2.02M
2019 → 2025
Net result
€87k▲ 329%
2024 · €20k
2019: €56k
2020: €65k
2021: €146k
2022: €78k
2023: €88k
2024: €20k
2019 → 2025
Working capital
€1.20M▼ 5.5%
2024 · €1.27M
2019: €1.31M
2020: €1.34M
2021: €1.41M
2022: €1.49M
2023: €1.51M
2024: €1.27M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.40M-€1.48M▲ 5.5%€1.50M▲ 1.4%€1.52M▲ 1.5%€1.43M▼ 6.3%
Operating result€236k-€117k▼ 50.5%€131k▲ 12.3%€28k▼ 78.9%€129k▲ 364%
Net result€146k-€78k▼ 46.8%€88k▲ 13.1%€20k▼ 77.0%€87k▲ 329%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 364% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€401k▼ 1.8%
Current assets
€1.40M▼ 13.5%
Equity and liabilities €1.80M
Equity
€1.43M▼ 6.3%
Debt
€370k▼ 25.9%
The debt ratio falls from 24.7% to 20.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€187k▲
2024 · €45k
Cash flow
€145k▲
2024 · €37k
Solvency
79.4%▲
2024 · 75.3%
Current ratio
7.04▲
2024 · 4.65
Quick ratio
1.00▼
2024 · 1.57
Debt / equity
0.26▼
2024 · 0.33
ROE
6.1%▲
2024 · 1.3%
ROA
4.8%▲
2024 · 1.0%
Interest coverage
18.63▲
2024 · 7.63
Debt
€370k▼
2024 · €500k
Debt ≤ 1 year
€199k▼
2024 · €347k
Debt > 1 year
€171k▲
2024 · €152k
Income taxes
€33k▲
2024 · €2k
Staff costs
€55k▲
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.02M€1.80M▼
Fixed assets21/28€408k€401k▼
Tangible fixed assets22/27€408k€401k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€11k€13k▲
Other tangible fixed assets26€388k€382k▼
Current assets29/58€1.62M€1.40M▼
Stocks and contracts in progress3€1.07M€1.20M▲
Stocks30/36€1.07M€1.20M▲
Amounts receivable within one year40/41€174k€18k▼
Trade receivables40€37k€1k▼
Other amounts receivable41€137k€17k▼
Current investments50/53€32k€32k▲
Cash at bank and in hand54/58€334k€141k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.80M▼
Equity10/15€1.52M€1.43M▼
Contributions10/11€720k€720k=
Revaluation surpluses12€2k€3k▲
Reserves13€802k€706k▼
Distributable reserves133€802k€706k▼
Amounts payable17/49€500k€370k▼
Amounts payable after more than one year17€152k€171k▲
Financial debts170/4€152k€171k▲
Amounts payable within one year42/48€347k€199k▼
Current portion of amounts payable after more than one year42€11k€17k▲
Financial debts43€5k€5k=
Credit institutions430/8€5k€5k=
Trade debts44€319k€137k▼
Suppliers440/4€319k€137k▼
Taxes, remuneration and social security45€12k€38k▲
Taxes450/3€6k€35k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€193€1k▲
Accrued charges and deferred income492/3€126€265▲
Income statement
Code20242025
Remuneration, social security and pensions62€51k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€58k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€99k€244k▲
Operating profit (loss)9901€28k€129k▲
Financial income75/76B€420€1k▲
Recurring financial income75€420€1k▲
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€22k€120k▲
Income taxes67/77€2k€33k▲
Profit (loss) for the period9904€20k€87k▲
Profit (loss) for the period to be appropriated9905€20k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€87k▲
Transfer from equity791/2-€183k
Transfer to equity691/2€20k€87k▲
To other reserves6921€20k€87k▲
Profit to be distributed694/7-€183k
Return on contributions (dividend)694-€183k
Social balance
Average headcount (FTE)90871.11.0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 17 days late
2024
30-06
Financial
Weakest financial yearnet €20k ▼77%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €146k ▲124%
Operating result €236k, net result €146k, both a record.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 152 days late
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vredeplein 109300 AalstGround area
522 m²
Building footprint
301 m²
Volume, LiDAR
4,102 m³
Parcel 41002A0009/00S000, Flanders · tallest building 15.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MARTENS
since 20012.100.356.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0009/00S000 | Flanders | 522 m² | 1 · 301 m² | 15.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,920 EUR awarded · 1,920 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,920 EUR | 1,920 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,003 companies in sector 47770 we hold annual accounts for 892. 456 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2001
Fiscal year end30-06
Activities, NACEBEL
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.