Equity
€19,418 from €72,792 in 2024
Equity fell by 73% in 1 year.
Marthem
Lifetime
4 annual accounts with figures on one time axispeak €85,898 (2025)
€85,898▲ 210%
peak €65,226 (2025)
€65,226▲ 236%
peak €72,792 (2024)
€19,418▼ 73.3%
€108,944▲ 369%
Board1 name since 2022
1 director
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €27,746 to €85,898Result from €19,405 to €65,226Dividend €118,600Equity from €72,792 to €19,418Debts from €23,227 to €108,944Cash from €79,184 to €104,494
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The micro format states no turnover.
Debts
€108,944 85% of the balance sheet
Suppliers 0%Taxes and wages 25%Other 75%
Of this, €108,850 falls due within a year.
Liquidity
1.14 was 3.93 in 2024
Short-term debts rose from €23,146 to €108,850.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 26 to 46 days before the end of the period.
Position in the sector
15.1%
Lower solvency than 82% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,974 companies had the same profile as Marthem has now. Each dot stands for 20 companies, two years later.
94.4%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,974 companies, not a prediction for Marthem. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790765180
Incorporation
Founding capital of €4,000, 100 shares · Founder: · Appointment: (director) · published on 15-09-2022 · Gazette deed
First establishment
Rue de Limauge 21/A, Court-Saint-Etienne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Marthem Court-Saint-Etienne | €128,362 | €85,898 | 15.1% | - |
| XADES Wavre | €141,429 | €91,562 | 22.1% | - |
| ALMAXTECH Braine-l'Alleud | €115,678 | €89,764 | 52.2% | - |
| NUDGE GROUP Genappe | €111,657 | €94,529 | 42.5% | - |
| D2DAY Aiseau-Presles | €129,150 | €91,344 | 2.8% | - |
| BSImprovement Brussels | €128,728 | €89,990 | 72.1% | - |
| ARCS 3226 Sint-Gillis (bij-Brussel) | €131,241 | €81,318 | 73.8% | - |
These companies have the same main activity as Marthem: computer programming (NACE 62100). They are comparable in size and age: total assets between €112,000 and €141,000, founded in 2022.
Official details
Source: KBO- Status
- Active since 13-09-2022Normal situation
- Activity
- Computer programmingNACE 62100and 1 other
- Establishment unit
- 2.335.697.3451490 Court-Saint-Etienne, since 13-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-07-2025
Annual accounts 2025
- €128,362▲ 33.7%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on Marthem
Marthem files the micro format. That format states no turnover. The gross margin rose from €9,879 in 2022 to €85,898 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Marthem
- What is the company number of Marthem?
- The company number of Marthem is 0790.765.180. The VAT number is the same number with BE in front: BE 0790.765.180.
- Where is Marthem based?
- The registered office is at Rue de Limauge 21/A, 1490 Court-Saint-Etienne.Company details
- What does Marthem do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Marthem?
- Marthem is a private limited company (BV).
- When was Marthem founded?
- Marthem was founded on 13-09-2022.
- Is Marthem still active?
- Yes, Marthem is an active enterprise in the KBO register.
- What is the turnover of Marthem?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €85,898 and 41 comparable companies (NACE 62100). It probably lies between €170,000 and €260,000.Financials
- Is Marthem profitable?
- In financial year 2025, Marthem made a profit of €65,226.
- Where can I find the annual accounts of Marthem?
- Marthem filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Marthem due?
- Marthem must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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