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MARTENS MK

Active
Private limited companyfounded 199630 years activeUrselseweg 26, 9910 Aalter, BelgiumKBO/BCE: BE 0457.183.071
Summary

MARTENS MK has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,494 and a net result of -€3,136. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 93% of 502 sector peers (NACE 31, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Manufacture of furniture
NACE 31002
1 site
Size
€171,210total assets 2025
Staff
1 FTE
Equity
€152,494
Loss
-€3,136
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts filed 56 days late
Why 69- Latest accounts 56 days late; 3 of the last 3 late- Sector Manufacture of furniture (NACE 31)- Size: total assets €171,210+ Founded in 1996Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 54% of its sector peers (NACE 31, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 89.1% of total assets
Liquidity 56-5
short-term debt 9.1% · cash 4.7%
Profitability 46+22
return on assets -1.8%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (828 companies)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025lowest value 05-2025: 0.5%● unchanged vs 04-2025lowest value 06-2025: 1.9%▲ +1.4 percentage points vs 05-2025 07-2025: 2.0%▲ +0.1 percentage points vs 06-2025 08-2025: 2.2%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 2.2%● unchanged vs 08-2025 10-2025: 0.7%▼ -1.5 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 0.7%▼ -0.3 percentage points vs 09-2026
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 8.93 against 10.39 in 2024; short-term debt: 9.1% and cash: 4.7% of total assets), and 10.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 31, micro): better than 91% on solvency, 57% on liquidity, 32% on profitability and 34% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 56 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 1996
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Manufacture of furniture (NACE 31)
KBO
raises risk · Size: total assets €171,210
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 2025
Net result per financial year
232425
2023 to 2025 · latest year -€3,136
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 3 filings
Deviation from the deadline
2025
56 days late
2024
54 days late
2023
279 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 130 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

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. Usually files around 25 September (3 of the last 3 filed years within 224 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Appointments: EVERAERT Hilde Alma Maurice (non-statutory…Resignation: MARTENS Geert Jozef (director)…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€3,136 View
  • Positive: Among the best 8% on solvencysector median 41.6% · 502 companies 89.1% View
  • New directorslatest change 04-05-2026 · 2 in office 2 joined View

By topic

Financials

Fiscal year
2025
Total assets
€171,210
Loss
-€3,136
Solvency
89.1%
Total assets▼ 1.0%
Net result
20232025
Go to Financials

Board & ownership

Board
2 members
  • EVERAERT Hilde Alma MauriceDirector
  • MARTENS Geert JozefDirector
Go to Board & ownership

Timeline

Events
4
Since
2025
Next accounts
by 31-07-2027
  1. 06-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of furnitureNACE 31002
Founded
09-02-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
23
Who signs
Each director alone
Annual meeting
Last Saturday of April at 14:00
Purpose
Ontwerp, fabricatie en garnering van niet-metalen meubelen, groot- en kleinhandel van…
Go to Articles of association

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