MARTENS STEVEN
ActiveSummary
MARTENS STEVEN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383k and a net result of €-6k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-57
Solvency54▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 4.06 in 2024; short-term debt: 31.1% and cash: 0.2% of total assets), and 71.5% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.5%
Return on assets
-0.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-10-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
2 d early
2023
5 d early
2022
2 d late
2021
3 d late
2020
12 d late
2019
23 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€383k▼ 2.3%
2024 · €392k
2019: €137klowest in 7 years
2020: €139k▲ +1.4% vs 2019
2021: €168k▲ +21.0% vs 2020
2022: €178k▲ +5.8% vs 2021
2023: €157k▼ -12.1% vs 2022
2024: €392k▲ +150% vs 2023highest in 7 years
2025: €383k▼ -2.3% vs 2024
2019 → 2025
Total assets
€1.34M▼ 4.4%
2024 · €1.40M
2019: €656k
2020: €549k▼ -16.3% vs 2019lowest in 7 years
2021: €877k▲ +59.9% vs 2020
2022: €875k▼ -0.2% vs 2021
2023: €784k▼ -10.4% vs 2022
2024: €1.40M▲ +78.8% vs 2023highest in 7 years
2025: €1.34M▼ -4.4% vs 2024
2019 → 2025
Net result
€-6k
2024 · €271k
2019: €37k
2020: €4k▼ -90.6% vs 2019
2021: €31k▲ +777% vs 2020
2022: €11k▼ -63.4% vs 2021
2023: €-868▼ -108% vs 2022
2024: €271k▲ +31316% vs 2023highest in 7 years
2025: €-6k▼ -102% vs 2024lowest in 7 years
2019 → 2025
Working capital
€195k▼ 62.5%
2024 · €520k
2019: €55klowest in 7 years
2020: €64k▲ +15.7% vs 2019
2021: €362k▲ +470% vs 2020
2022: €362k▼ -0.1% vs 2021
2023: €410k▲ +13.4% vs 2022
2024: €520k▲ +26.7% vs 2023highest in 7 years
2025: €195k▼ -62.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€168k-€178k▲ 5.8%€157k▼ 12.1%€392k▲ 150%€383k▼ 2.3%
2021: €168k
2022: €178k▲ +5.8% vs 2021
2023: €157k▼ -12.1% vs 2022lowest in 5 years
2024: €392k▲ +150% vs 2023highest in 5 years
2025: €383k▼ -2.3% vs 2024
Operating result€56k-€12k▼ 78.2%€5k▼ 57.2%€418k▲ 7,832%€31k▼ 92.7%
2021: €56k
2022: €12k▼ -78.2% vs 2021
2023: €5k▼ -57.2% vs 2022lowest in 5 years
2024: €418k▲ +7832% vs 2023highest in 5 years
2025: €31k▼ -92.7% vs 2024
Net result€31k-€11k▼ 63.4%€-868€271k€-6k
2021: €31k
2022: €11k▼ -63.4% vs 2021
2023: €-868▼ -108% vs 2022
2024: €271k▲ +31316% vs 2023highest in 5 years
2025: €-6k▼ -102% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€728k ▲ 2.2%
Current assets
€612k ▼ 11.2%
Equity and liabilities €1.34M
Equity
€383k ▼ 2.3%
Provisions
€81k ▼ 5.1%
Debt
€877k ▼ 5.2%
Debt's share of the balance-sheet total falls from 66.0% to 65.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€81k▼
2024 · €441k
Cash flow
€45k▼
2024 · €294k
Current ratio
1.47▼
2024 · 4.06
Quick ratio
0.41▼
2024 · 1.55
Debt to equity
2.29▼
2024 · 2.36
ROE
-1.4%▼
2024 · 69.2%
ROA
-0.4%▼
2024 · 19.3%
Interest coverage
2.14▼
2024 · 8.10
Debt ≤ 1 year
€418k▲
2024 · €170k
Debt > 1 year
€459k▼
2024 · €755k
Income taxes
€4k▼
2024 · €8k
Staff costs
€61k▲
2024 · €57k
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 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.34M▼
Fixed assets21/28€713k€728k▲
Tangible fixed assets22/27€713k€705k▼
Land and buildings22€702k€662k▼
Plant, machinery and equipment23€9k€4k▼
Furniture and vehicles24€2k€1k▼
Assets under construction and advance payments27-€38k
Financial fixed assets28-€23k
Current assets29/58€689k€612k▼
Stocks and contracts in progress3€426k€442k▲
Stocks30/36€426k€417k▼
Contracts in progress37€0€25k▲
Amounts receivable within one year40/41€191k€159k▼
Trade receivables40€168k€136k▼
Other amounts receivable41€23k€23k▲
Cash at bank and in hand54/58€61k€3k▼
Deferred charges and accrued income490/1€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.34M▼
Equity10/15€392k€383k▼
Contributions10/11€6k€6k=
Reserves13€386k€376k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€257k€243k▼
Distributable reserves133€129k€133k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€86k€81k▼
Deferred taxes168€86k€81k▼
Amounts payable17/49€925k€877k▼
Amounts payable after more than one year17€755k€459k▼
Financial debts170/4€755k€459k▼
Amounts payable within one year42/48€170k€418k▲
Current portion of amounts payable after more than one year42€39k€41k▲
Financial debts43-€291k
Credit institutions430/8-€11k
Other loans439-€281k
Trade debts44€81k€64k▼
Suppliers440/4€81k€64k▼
Taxes, remuneration and social security45€15k€13k▼
Taxes450/3€11k€6k▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€34k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€57k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€51k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€24k€11k▼
Gross operating margin9900€522k€163k▼
Operating profit (loss)9901€418k€31k▼
Financial income75/76B€978€1k▲
Recurring financial income75€978€1k▲
Financial charges65/66B€54k€38k▼
Recurring financial charges65€54k€38k▼
Profit (loss) for the period before taxes9903€364k€-6k▼
Transfer from deferred taxes780€2k€4k▲
Transfer to deferred taxes680€87k€0▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€271k€-6k▼
Transfer from tax-exempt reserves789€6k€13k▲
Transfer to tax-exempt reserves689€262k€0▼
Profit (loss) for the period to be appropriated9905€14k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€8k▼
Transfer from equity791/2€36k€4k▼
Transfer to equity691/2€14k€8k▼
To other reserves6921€14k€8k▼
Profit to be distributed694/7€36k€4k▼
Return on contributions (dividend)694€36k€4k▼
Social balance
Average headcount (FTE)90871.01.1▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €100k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €53k | €52k | €57k | €61k | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €71k | €65k | €23k | €51k | ▲ 117% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €9k | - |
| Other operating charges640/8 | - | €4k | €10k | €24k | €11k | ▼ 52.7% |
| Non-recurring operating charges66A | - | €120 | €0 | - | - | - |
| Gross operating margin9900 | €193k | €141k | €132k | €522k | €163k | ▼ 68.8% |
| Operating profit (loss)9901 | €56k | €12k | €5k | €418k | €31k | ▼ 92.7% |
| Financial income75/76B | - | €18k | €5k | €978 | €1k | ▲ 26.6% |
| Recurring financial income75 | €7k | €6k | €5k | €978 | €1k | ▲ 26.6% |
| Non-recurring financial income76B | - | €12k | €0 | - | - | - |
| Financial charges65/66B | - | €13k | €10k | €54k | €38k | ▼ 30.3% |
| Recurring financial charges65 | €15k | €13k | €10k | €54k | €38k | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €48k | €17k | €614 | €364k | €-6k | ▼ 102% |
| Transfer from deferred taxes780 | - | - | - | €2k | €4k | ▲ 122% |
| Transfer to deferred taxes680 | - | - | - | €87k | €0 | ▼ 100% |
| Income taxes67/77 | €17k | €6k | €1k | €8k | €4k | ▼ 51.7% |
| Profit (loss) for the period9904 | €31k | €11k | €-868 | €271k | €-6k | ▼ 102% |
| Transfer from tax-exempt reserves789 | - | - | - | €6k | €13k | ▲ 122% |
| Transfer to tax-exempt reserves689 | - | - | - | €262k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €38k | €11k | €-868 | €14k | €8k | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €877k | €875k | €784k | €1.40M | €1.34M | ▼ 4.4% |
| Fixed assets21/28 | €289k | €226k | €158k | €713k | €728k | ▲ 2.2% |
| Tangible fixed assets22/27 | €289k | €226k | €158k | €713k | €705k | ▼ 1.1% |
| Land and buildings22 | - | €175k | €153k | €702k | €662k | ▼ 5.8% |
| Plant, machinery and equipment23 | - | €4k | €1k | €9k | €4k | ▼ 52.1% |
| Furniture and vehicles24 | - | €12k | €4k | €2k | €1k | ▼ 44.8% |
| Leasing and similar rights25 | - | €35k | €0 | - | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €38k | - |
| Financial fixed assets28 | - | - | - | - | €23k | - |
| Current assets29/58 | €589k | €649k | €626k | €689k | €612k | ▼ 11.2% |
| Stocks and contracts in progress3 | €429k | €478k | €454k | €426k | €442k | ▲ 3.9% |
| Stocks30/36 | - | €478k | €428k | €426k | €417k | ▼ 2.0% |
| Contracts in progress37 | - | - | €26k | €0 | €25k | - |
| Amounts receivable within one year40/41 | €129k | €134k | €99k | €191k | €159k | ▼ 16.7% |
| Trade receivables40 | - | €116k | €79k | €168k | €136k | ▼ 19.0% |
| Other amounts receivable41 | - | €18k | €20k | €23k | €23k | ▲ 0.2% |
| Cash at bank and in hand54/58 | €31k | €34k | €60k | €61k | €3k | ▼ 95.4% |
| Deferred charges and accrued income490/1 | - | €3k | €13k | €12k | €8k | ▼ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €877k | €875k | €784k | €1.40M | €1.34M | ▼ 4.4% |
| Equity10/15 | €168k | €178k | €157k | €392k | €383k | ▼ 2.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €162k | €172k | €150k | €386k | €376k | ▼ 2.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €257k | €243k | ▼ 5.1% |
| Distributable reserves133 | - | €170k | €148k | €129k | €133k | ▲ 3.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | €86k | €81k | ▼ 5.1% |
| Deferred taxes168 | - | - | - | €86k | €81k | ▼ 5.1% |
| Amounts payable17/49 | €709k | €697k | €627k | €925k | €877k | ▼ 5.2% |
| Amounts payable after more than one year17 | €482k | €410k | €411k | €755k | €459k | ▼ 39.2% |
| Financial debts170/4 | - | €410k | €411k | €755k | €459k | ▼ 39.2% |
| Amounts payable within one year42/48 | €227k | €288k | €216k | €170k | €418k | ▲ 146% |
| Current portion of amounts payable after more than one year42 | - | €73k | €44k | €39k | €41k | ▲ 3.8% |
| Financial debts43 | - | - | - | - | €291k | - |
| Credit institutions430/8 | - | - | - | - | €11k | - |
| Other loans439 | - | - | - | - | €281k | - |
| Trade debts44 | €121k | €195k | €98k | €81k | €64k | ▼ 21.1% |
| Suppliers440/4 | - | €195k | €98k | €81k | €64k | ▼ 21.1% |
| Taxes, remuneration and social security45 | - | €11k | €11k | €15k | €13k | ▼ 15.1% |
| Taxes450/3 | - | €9k | €5k | €11k | €6k | ▼ 45.2% |
| Remuneration and social security454/9 | - | €3k | €5k | €5k | €7k | ▲ 53.2% |
| Other amounts payable47/48 | - | €9k | €64k | €34k | €9k | ▼ 74.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €11k | €-868 | €271k | €-6k | ▼ 102% |
| + Depreciation and write-downs630 | €77k | €71k | €65k | €23k | €51k | ▲ 117% |
| Operating cash flow (approximation) | €108k | €83k | €64k | €294k | €45k | ▼ 84.7% |
| Investment in fixed assets (approximation) | - | €-9k | €3k | €-578k | €-66k | ▲ 88.6% |
| Change in cash | - | €3k | €26k | €1k | €-58k | ▼ 5,599% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €271k
Net result €271k after one loss-making year.
31-03
Financial
Equity above €200kEq €392k ▲150%
Equity rises from €157k to €392k.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Equity above €150kEq €168k ▲21%
3 profitable years in a row build equity to €168k.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-09
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Malle · 1 establishment unit since 2003
Ground area
2,133 m²
Building footprint
176 m²
Parcel 11032D0090/00M002, Flanders. Linked by address, not a title deed.
1 establishment unit
Energieweg 6, 2390 Malle
since 20032.126.666.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0090/00M002 | Flanders | 2,133 m² | 1 · 176 m² | - |
Linked by address, not proof of ownership
Good to know
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
2022 · 1 entry · 110 EUR awarded · 110 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 110 EUR | 110 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,471 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-2003
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.