MARTENS IVAN
ActiveMARTENS IVAN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €885k and a net result of €259k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 63% of 10253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-12
Solvency75▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 5.61 in 2024; short-term debt: 49.9% and cash: 24% of total assets), and 50% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
50%
Return on assets
14.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 8 filingsDeviation from the deadline
2025
10 d late
2024
119 d early
2023
37 d early
2022
25 d late
2021
47 d early
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.67M
EBIT margin
8.6%
Net result
€259k▼ 30.7%
2024 · €374k
2018: €-1k
2019: €99k
2020: €145k
2021: €256k
2022: €292k
2023: €374k
2024: €374k
2018 → 2025
Working capital
€872k▼ 29.4%
2024 · €1.23M
2018: €17k
2019: €103k
2020: €251k
2021: €511k
2022: €616k
2023: €921k
2024: €1.23M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€518k-€642k▲ 24.1%€940k▲ 46.4%€1.25M▲ 32.9%€885k▼ 29.2%
Operating result€341k-€399k▲ 17.2%€523k▲ 31.0%€512k▼ 2.1%€375k▼ 26.8%
Net result€256k-€292k▲ 14.0%€374k▲ 28.2%€374k=€259k▼ 30.7%
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 has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€14k▼ 32.0%
Current assets
€1.75M▲ 16.7%
Equity and liabilities €1.77M
Equity
€885k▼ 29.2%
Debt
€883k▲ 223%
The debt ratio rises from 18.0% to 50.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€385k▼
2024 · €522k
Cash flow
€269k▼
2024 · €384k
Solvency
50.0%▼
2024 · 82.0%
Current ratio
1.99▼
2024 · 5.61
Quick ratio
0.88▼
2024 · 2.72
Debt / equity
1.00▲
2024 · 0.22
ROE
29.3%▼
2024 · 29.9%
ROA
14.7%▼
2024 · 24.6%
Interest coverage
22.62▼
2024 · 43.66
Debt
€883k▲
2024 · €274k
Debt ≤ 1 year
€882k▲
2024 · €268k
Debt > 1 year
€1k▼
2024 · €6k
Income taxes
€117k▼
2024 · €127k
Staff costs
€131k▲
2024 · €109k
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€1.52M€1.77M▲
Fixed assets21/28€21k€14k▼
Tangible fixed assets22/27€21k€14k▼
Plant, machinery and equipment23€3k€5k▲
Leasing and similar rights25€18k€10k▼
Current assets29/58€1.50M€1.75M▲
Stocks and contracts in progress3€774k€976k▲
Stocks30/36€774k€976k▲
Amounts receivable within one year40/41€165k€352k▲
Trade receivables40€1k€117k▲
Other amounts receivable41€164k€234k▲
Cash at bank and in hand54/58€554k€424k▼
Deferred charges and accrued income490/1€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.77M▲
Equity10/15€1.25M€885k▼
Contributions10/11€19k€19k=
Reserves13€1.23M€866k▼
Distributable reserves133€1.23M€866k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€274k€883k▲
Amounts payable after more than one year17€6k€1k▼
Financial debts170/4€6k€1k▼
Amounts payable within one year42/48€268k€882k▲
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€144k€275k▲
Suppliers440/4€144k€275k▲
Taxes, remuneration and social security45€95k€166k▲
Taxes450/3€90k€151k▲
Remuneration and social security454/9€6k€15k▲
Other amounts payable47/48€25k€436k▲
Income statement
Code20242025
Remuneration, social security and pensions62€109k€131k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€8k€6k▼
Gross operating margin9900€639k€522k▼
Operating profit (loss)9901€512k€375k▼
Financial income75/76B€801€19k▲
Recurring financial income75€801€19k▲
Financial charges65/66B€12k€17k▲
Recurring financial charges65€12k€17k▲
Profit (loss) for the period before taxes9903€501k€376k▼
Income taxes67/77€127k€117k▼
Profit (loss) for the period9904€374k€259k▼
Profit (loss) for the period to be appropriated9905€374k€259k▼
Appropriation of the result
Profit (loss) to be appropriated9906€374k€259k▼
Transfer from equity791/2€65k€624k▲
Transfer to equity691/2€374k€259k▼
To other reserves6921€374k€259k▼
Profit to be distributed694/7€65k€624k▲
Return on contributions (dividend)694€65k€624k▲
Social balance
Average headcount (FTE)90872.62.8▲
The notes to these accounts (10 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.61
Current ratio from 2.40 to 5.61; short-term debt falls from €656k to €268k.
31-12
Financial
Equity above €1MEq €1.25M ▲32.9%
6 profitable years in a row build equity to €1.25M.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €374k ▲28.2%
Operating result €523k, net result €374k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €518k ▲97.8%
3 profitable years in a row build equity to €518k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €200kEq €262k ▲125%
2 profitable years in a row build equity to €262k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €99k
Net result €99k after one loss-making year.
31-12
Financial
Equity above €100kEq €116k ▲579%
Equity rises from €17k to €116k.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-07-2023
MARTENS Edward: Resigned as Manager
11-07-2023
MARTENS Ivan: Resigned as Manager
11-07-2023
MARTENS Josephus: Resigned as Manager
01-01-2021
Vos Cindy: Resigned as Director
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2018
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.
Bevrijdingsstraat 232960 BrechtGround area
3,817 m²
Building footprint
989 m²
Volume, LiDAR
3,281 m³
Parcel 11043C0260/00A003, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MARTENS IVAN
since 20182.282.682.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043C0260/00A003 | Flanders | 3,816 m² | 1 · 989 m² | 5.0 m · 1 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
2025 · 1 entry · 220 EUR awarded · 220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 220 EUR | 220 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.282.682.489
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 12,979 companies in sector 47120 we hold annual accounts for 2,186. 912 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2018
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47191Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.