Marthe & Co
ActiveSummary
Marthe & Co has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €23k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 25% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+5
Solvency44▼-24
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.75 in 2023; short-term debt: 80.7% and cash: 91.2% of total assets), and 80.7% 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
19.3%
Return on assets
48%
Age of the figures
21 mo
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 16-06-2025, 45 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
37 d early
2022
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€9k=
2023 · €9k
2022: €4k
2023: €9k
2022 → 2024
Total assets
€47k▲ 122%
2023 · €21k
2022: €13k
2023: €21k
2022 → 2024
Net result
€23k▲ 362%
2023 · €5k
2022: €147
2023: €5k
2022 → 2024
Working capital
€6k▼ 35.7%
2023 · €9k
2022: €4k
2023: €9k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€4k-€9k▲ 118%€9k=
Operating result€1k-€8k▲ 439%€30k▲ 295%
Net result€147-€5k▲ 3,214%€23k▲ 362%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 295% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€3k
Current assets
€44k
Equity and liabilities €47k
Equity
€9k =
Debt
€38k ▲ 212%
Debt's share of the balance-sheet total rises from 57.3% to 80.7%. Debt is higher.
Key figures and ratios
EBITDA
€31k
Cash flow
€23k
Current ratio
1.15▼
2023 · 1.75
Debt to equity
4.19▲
2023 · 1.34
ROE
249.5%▲
2023 · 54.1%
ROA
48.0%▲
2023 · 23.1%
Interest coverage
145.71
Debt ≤ 1 year
€38k▲
2023 · €12k
Income taxes
€8k▲
2023 · €3k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€21k€47k▲
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€21k€44k▲
Amounts receivable within one year40/41-€888
Other amounts receivable41-€888
Cash at bank and in hand54/58€21k€43k▲
Equity and liabilities
Total equity and liabilities10/49€21k€47k▲
Equity10/15€9k€9k=
Contributions10/11€4k€4k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Amounts payable17/49€12k€38k▲
Amounts payable within one year42/48€12k€38k▲
Trade debts44€107€1k▲
Suppliers440/4€107€1k▲
Taxes, remuneration and social security45€11k€21k▲
Taxes450/3€11k€21k▲
Other amounts payable47/48€564€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€611
Other operating charges640/8-€387
Gross operating margin9900€8k€31k▲
Operating profit (loss)9901€8k€30k▲
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€49€212▲
Recurring financial charges65€49€212▲
Profit (loss) for the period before taxes9903€8k€30k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€5k€23k▲
Profit (loss) for the period to be appropriated9905€5k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€23k▲
Transfer to equity691/2€5k-
To other reserves6921€5k-
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €23k ▲362%
Operating result €30k, net result €23k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zaventem · 1 establishment unit since 2022
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.
Grote Geeststraat 151933 ZaventemGround area
1,110 m²
Building footprint
119 m²
Volume, LiDAR
749 m³
Parcel 23082B0559/00P000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Marthe & Co
since 20222.323.263.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082B0559/00P000 | Flanders | 1,110 m² | 1 · 119 m² | 10.4 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
2022 · 1 entry · 899 EUR awarded · 899 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 899 EUR | 899 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 4,332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
56210Event catering
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.