Losses
-€1.5m in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
MARTENS CONSULTANCY
Lifetime
19 annual accounts with figures on one time axispeak €192,213 (2014)
-€76,462▼ €103,912
lowest -€1.2m (2023)
-€236,827▼ €166,073
peak €5.6m (2022)
€4.1m▼ 5.4%
€1.5m▲ 109%
peak 0.3 FTE (2020)
-not published
Board1 name since 2006
1 directorLuc Martens
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Gross margin from €27,450 to -€76,462Loss of €236,827Registered office moved from De Pinte to Ghent 11-12Debts from €735,504 to €1.5mInvestments €1.1mCash from €363,600 to €115,098
Key points
from the 2025 annual accountsDebts
€1.5m ▲ 109%
Debts rose by €798,617 in 2025.
Investments
€1.1m 16.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 135.2% higher than in 2024.
Liquidity
1.21 was 2.38 in 2024
Short-term debts rose from €687,552 to €926,232.
Filings
19 annual accounts since 2007
Two of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
-€236,827
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,168 · 39,358 companies.
Turnover not published (micro format)
Checked score
88
Excellent
Financially stronger than 33% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2026: 0.2%highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.21, cash €115,098, halved
lowers risk
Size: total assets €5.6m
Figures for financial year 2025 (filed on 13-07-2026)
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 70, small). It does better than 69% of them on solvency, 40% on liquidity, 4% on profitability and 19% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 2,686 companies had the same profile as MARTENS CONSULTANCY has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MARTENS CONSULTANCY itself: 0.2% within 12 months.
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 2,686 companies, not a prediction for MARTENS CONSULTANCY. 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 €360,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (2.38 in 2024), below the usual 1.5. Short-term debt is 16.4% and cash 2% of total assets. 27.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€236,827
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
22 days early
2023
on the day
2022
30 days late
2021
5 days early
2020
31 days late
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Luc Martensdeed of 17-01-2024
Shares in 3 companies, including Excentis and VINIECOM
Board & ownershipRecent changes
Registered office moved from De Pinte to Ghent
New registered office: Gildestraat 8, 9000 Gent · Previous registered office: Blijpoel 10, 9840 De Pinte · Board meeting of 30-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0886491611
Merger: Martens Consultancy takes over ITAdvise
Appointment: Luc Martens (statutory director) · Luc Martens is a shareholder · Gazette deed
Merger proposal: Martens Consultancy takes over Itadvise NV
The company holds all the shares of Itadvise NV · Board meeting of 26-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARTENS CONSULTANCY Ghent | €5.6m | -€76,462 | 72.8% | - |
| LAFAUT ENTERPRISES Nazareth-De Pinte | €5.7m | -€43,213 | 45.5% | - |
| MARRENCO Aalst | €6.5m | -€179,537 | -4.6% | 1 |
| CDC CARTEL DAMAGE CLAIMS HOLDING Brussels | €5.8m | -€37,448 | 99.9% | 0 |
| G.Y.C. Schoten | €5.3m | -€83,886 | 96.4% | - |
| Space Cowboy Antwerp | €5.6m | -€74,347 | -6.3% | - |
| GACJAC Ixelles | €6.2m | -€74,207 | 72.0% | - |
These companies have the same main activity as MARTENS CONSULTANCY: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €5.3m and €6.5m, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 17-01-2007Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.166.194.7939000 Ghent, since 01-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 19-06-2025
Annual accounts 2025
- €5.6m▲ 11.0%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Companies linked to MARTENS CONSULTANCY
Subsidiaries and holdings
- ART4L10%
Insights on MARTENS CONSULTANCY
MARTENS CONSULTANCY files the micro format. That format states no turnover. The gross margin fell from €115,386 in 2007 to -€76,462 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARTENS CONSULTANCY
- What is the company number of MARTENS CONSULTANCY?
- The company number of MARTENS CONSULTANCY is 0886.491.611. The VAT number is the same number with BE in front: BE 0886.491.611.
- Where is MARTENS CONSULTANCY based?
- The registered office is at Gildestraat 8, 9000 Ghent.Company details
- What does MARTENS CONSULTANCY do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MARTENS CONSULTANCY?
- MARTENS CONSULTANCY is a private limited company (BV).
- When was MARTENS CONSULTANCY founded?
- MARTENS CONSULTANCY was founded on 17-01-2007.
- Is MARTENS CONSULTANCY still active?
- Yes, MARTENS CONSULTANCY is an active enterprise in the KBO register.
- How many employees does MARTENS CONSULTANCY have?
- MARTENS CONSULTANCY had an average of 0.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of MARTENS CONSULTANCY?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is MARTENS CONSULTANCY profitable?
- In financial year 2025, MARTENS CONSULTANCY made a loss of €236,827.
- Where can I find the annual accounts of MARTENS CONSULTANCY?
- MARTENS CONSULTANCY filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARTENS CONSULTANCY due?
- MARTENS CONSULTANCY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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