MARTENS MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €516k and a net result of €18k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 9864 sector peers (fiscal year 2024). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
41 d early
2022
33 d early
2021
31 d early
2020
25 d late
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€516k▲ 3.6%
2023 · €497k
2018: €321k
2019: €385k
2020: €499k
2021: €559k
2022: €611k
2023: €497k
2018 → 2024
Net result
€18k
2023 · €-113k
2018: €86k
2019: €56k
2020: €114k
2021: €60k
2022: €52k
2023: €-113k
2018 → 2024
Total assets
€1.72M▲ 27.3%
2023 · €1.35M
2018: €1.41M
2019: €1.76M
2020: €1.59M
2021: €1.57M
2022: €1.35M
2023: €1.35M
2018 → 2024
Solvency
30.1%▼ 6.9pp
2023 · 36.9%
2018: 22.7%
2019: 21.9%
2020: 31.4%
2021: 35.6%
2022: 45.4%
2023: 36.9%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€499k-€559k▲ 12.1%€611k▲ 9.2%€497k▼ 18.6%€516k▲ 3.6%
Operating result€177k-€96k▼ 45.7%€87k▼ 9.6%€-101k€43k
Net result€114k-€60k▼ 46.9%€52k▼ 14.2%€-113k€18k
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 returns to profit in 2024: €43k after a loss of €101k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.72M
Fixed assets
€1.58M▲ 33.4%
Current assets
€134k▼ 17.0%
Equity and liabilities €1.72M
Equity
€516k▲ 3.6%
Debt
€1.20M▲ 41.2%
The debt ratio rises from 63.1% to 69.9%. Equity and debt are higher.
Key figures and ratios
Solvency
30.1%▼
2023 · 36.9%
ROE
3.5%▲
2023 · -22.8%
ROA
1.1%▲
2023 · -8.4%
Debt
€1.20M▲
2023 · €849k
Debt ≤ 1 year
€554k▲
2023 · €449k
Debt > 1 year
€643k▲
2023 · €363k
Staff costs
€41k▼
2023 · €74k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.35M€1.72M▲
Fixed assets21/28€1.19M€1.58M▲
Tangible fixed assets22/27€1.19M€1.58M▲
Land and buildings22€1.03M€1.55M▲
Plant, machinery and equipment23€152k€35k▼
Financial fixed assets28€50€50=
Current assets29/58€161k€134k▼
Amounts receivable within one year40/41€121k€122k▲
Trade receivables40€114k€103k▼
Other amounts receivable41€7k€19k▲
Cash at bank and in hand54/58€27k€4k▼
Deferred charges and accrued income490/1€13k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.72M▲
Equity10/15€497k€516k▲
Contributions10/11€19k€19k=
Reserves13€121k€121k=
Non-distributable reserves130/1€20k-
Reserves not available under the articles1311€20k-
Distributable reserves133€102k€121k▲
Profit (loss) carried forward14€358k€376k▲
Amounts payable17/49€849k€1.20M▲
Amounts payable after more than one year17€363k€643k▲
Financial debts170/4€363k€643k▲
Amounts payable within one year42/48€449k€554k▲
Current portion of amounts payable after more than one year42€95k€134k▲
Trade debts44€132k€97k▼
Suppliers440/4€132k€97k▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€418€30▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€214k€318k▲
Accrued charges and deferred income492/3€37k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€74k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€137k▲
Other operating charges640/8€20k€22k▲
Gross operating margin9900€85k€243k▲
Operating profit (loss)9901€-101k€43k▲
Financial income75/76B€53€10▼
Recurring financial income75€53€10▼
Financial charges65/66B€13k€24k▲
Recurring financial charges65€13k€24k▲
Profit (loss) for the period before taxes9903€-113k€18k▲
Profit (loss) for the period9904€-113k€18k▲
Profit (loss) for the period to be appropriated9905€-113k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€358k€376k▲
Profit (loss) brought forward from the previous period14P€471k€358k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €500kEq €516k ▲3.6%
Equity rises from €497k to €516k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-113k ▼319%
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €559k ▲12.1%
4 profitable years in a row build equity to €559k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €114k ▲103%
Operating result €177k, net result €114k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Genk · 1 establishment unit since 1988
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.
Gieterijstraat 131-1333600 GenkGround area
2,040 m²
Building footprint
439 m²
Volume, LiDAR
2,107 m³
Parcel 71302A0002/00G033, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gieterijstraat 131, 3600 Genk
since 19882.039.083.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00G033 | Flanders | 2,040 m² | 1 · 439 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,793 EUR awarded · 4,793 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,194 EUR | 2,194 EUR |
| 2023 | 1 | 2,599 EUR | 2,599 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 13,604 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1988
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.