MARTENS BART
ActiveSummary
MARTENS BART has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €20k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+9
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.86 against 4.19 in 2024; short-term debt: 25.4% and cash: 34.5% of total assets), and 25.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
74.6%
Return on assets
20.1%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
39 d early
2022
37 d early
2021
38 d early
2020
31 d early
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▼ 12.9%
2024 · €85k
2018: €86k
2019: €91k
2020: €84k
2021: €76k
2022: €64k
2023: €72k
2024: €85k
2018 → 2025
Total assets
€99k▼ 7.5%
2024 · €107k
2018: €103k
2019: €104k
2020: €97k
2021: €140k
2022: €104k
2023: €107k
2024: €107k
2018 → 2025
Net result
€20k▲ 42.6%
2024 · €14k
2018: €1k
2019: €5k
2020: €7k
2021: €19k
2022: €7k
2023: €15k
2024: €14k
2018 → 2025
Working capital
€72k▲ 1.4%
2024 · €71k
2018: €75k
2019: €85k
2020: €83k
2021: €60k
2022: €45k
2023: €50k
2024: €71k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€64k▼ 15.4%€72k▲ 11.9%€85k▲ 17.4%€74k▼ 12.9%
Operating result€29k-€14k▼ 52.1%€24k▲ 71.8%€23k▼ 4.6%€31k▲ 35.1%
Net result€19k-€7k▼ 60.7%€15k▲ 101%€14k▼ 4.8%€20k▲ 42.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€2k ▼ 86.1%
Current assets
€97k ▲ 4.2%
Equity and liabilities €99k
Equity
€74k ▼ 12.9%
Debt
€25k ▲ 13.1%
Debt's share of the balance-sheet total rises from 20.8% to 25.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €35k
Cash flow
€32k▲
2024 · €26k
Current ratio
3.86▼
2024 · 4.19
Debt to equity
0.34▲
2024 · 0.26
ROE
27.0%▲
2024 · 16.5%
ROA
20.1%▲
2024 · 13.1%
Interest coverage
274.96▲
2024 · 158.99
Debt ≤ 1 year
€25k▲
2024 · €22k
Income taxes
€11k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€99k▼
Fixed assets21/28€14k€2k▼
Tangible fixed assets22/27€14k€2k▼
Plant, machinery and equipment23€17€0▼
Furniture and vehicles24€14k€2k▼
Current assets29/58€93k€97k▲
Amounts receivable within one year40/41€22k€22k▲
Trade receivables40€19k€20k▲
Other amounts receivable41€2k€2k▼
Current investments50/53€30k€40k▲
Cash at bank and in hand54/58€39k€34k▼
Deferred charges and accrued income490/1€2k€845▼
Equity and liabilities
Total equity and liabilities10/49€107k€99k▼
Equity10/15€85k€74k▼
Contributions10/11€12k€12k=
Reserves13€69k€58k▼
Distributable reserves133€69k€58k▼
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€22k€25k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€22k€25k▲
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€813€374▼
Suppliers440/4€813€374▼
Taxes, remuneration and social security45€7k€20k▲
Taxes450/3€7k€20k▲
Other amounts payable47/48€11k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€1k€924▼
Gross operating margin9900€36k€43k▲
Operating profit (loss)9901€23k€31k▲
Financial income75/76B€368€101▼
Recurring financial income75€368€101▼
Financial charges65/66B€219€155▼
Recurring financial charges65€219€155▼
Profit (loss) for the period before taxes9903€23k€31k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€14k€20k▲
Profit (loss) for the period to be appropriated9905€14k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€24k▲
Profit (loss) brought forward from the previous period14P€4k€5k▲
Transfer from equity791/2€1k€31k▲
Transfer to equity691/2€14k€20k▲
To other reserves6921€14k€20k▲
Profit to be distributed694/7€1k€31k▲
Return on contributions (dividend)694€1k€31k▲
The notes to these accounts (4 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €20k ▲42.6%
Operating result €31k, net result €20k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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
2 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, Lievegem · 1 establishment unit since 2014
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.
Bauwerwaan 39930 LievegemGround area
766 m²
Building footprint
108 m²
Volume, LiDAR
582 m³
Parcel 44080F0460/00K000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Martens Bart BVBA
since 20142.229.584.986
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080F0460/00K000 | Flanders | 766 m² | 1 · 108 m² | 8.2 m · 2 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.
Similar companies · same sector, comparable size
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BE 0881.615.182
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JUP INVEST
BE 1007.386.075
Durbuy · Eq €74,180
COSTAM
BE 0462.925.471
Pelt · Eq €74,608
GROEP MYNY
BE 0764.848.958
Heusden-Zolder · Eq €72,844
IMMO VAN'S
BE 0444.846.948
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Of 1,641 companies in sector 46170 we hold annual accounts for 671. 476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.