MARTHICARS
Judicial reorganisationThe file of MARTHICARS contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €119k and a net result of €156k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7924 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency26▼-12
Growth85▲+30
Stability60
Credit verdict
Credit up to €6k at 30 days only on tighter terms
Liquidity tight (current ratio 1.42 against 0.72 in 2024), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7924 sector peers (2025).
NBB · sector comparisonPosition among 7924 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
20 d early
2022
23 d early
2021
8 d late
2020
15 d early
2019
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.22M▲ 77.6%
2020 · €685k
2018: €491k
2019: €444k
2020: €685k
2018 → 2021
EBIT margin
7.8%▲ 2.1pp
2020 · 5.8%
2018: 3.5%
2019: -5.5%
2020: 5.8%
2018 → 2021
Net result
€156k
2024 · €-183k
2018: €12k
2019: €-34k
2020: €26k
2021: €58k
2022: €28k
2023: €-109k
2024: €-183k
2018 → 2025
Working capital
€233k
2024 · €-279k
2018: €-19k
2019: €-8k
2020: €13k
2021: €41k
2022: €68k
2023: €-88k
2024: €-279k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.22M-
Equity€227k-€255k▲ 12.2%€146k▼ 42.9%€-37k€119k
Operating result€95k-€51k▼ 46.6%€-60k€-115k▼ 93.2%€201k
Net result€58k-€28k▼ 52.6%€-109k€-183k▼ 67.3%€156k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €201k after a loss of €115k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€574k▼ 12.5%
Current assets
€787k▲ 9.7%
Equity and liabilities €1.36M
Equity
€119k
Debt
€1.24M
Debt finances 91.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€310k▲
2024 · €-6k
Cash flow
€265k▲
2024 · €-73k
Solvency
8.7%▲
2024 · -2.7%
Current ratio
1.42▲
2024 · 0.72
Quick ratio
0.97▲
2024 · 0.46
Debt / equity
10.46▲
2024 · -37.76
ROE
131.5%▼
2024 · 489.7%
ROA
11.5%▲
2024 · -13.3%
Interest coverage
6.41▲
2024 · -0.08
Debt
€1.24M▼
2024 · €1.41M
Debt ≤ 1 year
€553k▼
2024 · €996k
Debt > 1 year
€683k▲
2024 · €412k
Staff costs
€207k▼
2024 · €441k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€1.36M▼
Fixed assets21/28€656k€574k▼
Intangible fixed assets21€38k€30k▼
Tangible fixed assets22/27€618k€544k▼
Land and buildings22€429k€412k▼
Plant, machinery and equipment23€25k€29k▲
Furniture and vehicles24€49k€33k▼
Leasing and similar rights25€88k€49k▼
Other tangible fixed assets26€27k€22k▼
Current assets29/58€717k€787k▲
Amounts receivable after more than one year29€130k-
Other amounts receivable291€130k-
Stocks and contracts in progress3€258k€249k▼
Stocks30/36€258k€249k▼
Amounts receivable within one year40/41€286k€510k▲
Trade receivables40€276k€322k▲
Other amounts receivable41€10k€188k▲
Cash at bank and in hand54/58€4k€18k▲
Deferred charges and accrued income490/1€39k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.36M▼
Equity10/15€-37k€119k▲
Contributions10/11€209k€209k=
Reserves13-€159k
Tax-exempt reserves132-€159k
Profit (loss) carried forward14€-247k€-250k▼
Amounts payable17/49€1.41M€1.24M▼
Amounts payable after more than one year17€412k€683k▲
Financial debts170/4€352k€511k▲
Trade debts175€60k€172k▲
Amounts payable within one year42/48€996k€553k▼
Current portion of amounts payable after more than one year42€84k€67k▼
Financial debts43€77k€100k▲
Credit institutions430/8€77k€100k▲
Trade debts44€446k€202k▼
Suppliers440/4€446k€202k▼
Taxes, remuneration and social security45€379k€182k▼
Taxes450/3€210k€106k▼
Remuneration and social security454/9€169k€76k▼
Other amounts payable47/48€10k€2k▼
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€184k
Remuneration, social security and pensions62€441k€207k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€109k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€-5k▼
Other operating charges640/8€17k€15k▼
Non-recurring operating charges66A€17k€5k▼
Gross operating margin9900€480k€532k▲
Operating profit (loss)9901€-115k€201k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€72k€49k▼
Recurring financial charges65€72k€48k▼
Non-recurring financial charges66B€24€341▲
Profit (loss) for the period before taxes9903€-183k€156k▲
Profit (loss) for the period9904€-183k€156k▲
Transfer to tax-exempt reserves689-€159k
Profit (loss) for the period to be appropriated9905€-183k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-247k€-250k▼
Profit (loss) brought forward from the previous period14P€-64k€-247k▼
Social balance
Average headcount (FTE)90877.74.3▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €156k
Net result €156k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €119k
Equity rises from €-37k to €119k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-183k
Net result drops to €-183k, the lowest in the series; recovery starts the following year.
30-12
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 16-12-2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Equity above €200kEq €227k ▲34.6%
2 profitable years in a row build equity to €227k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
Financial
Equity above €150kEq €169k ▲17.8%
Equity rises from €143k to €169k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €100kEq €143k ▲8102%
Equity rises from €2k to €143k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, La Louvière · 1 establishment unit since 2006
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.
Boulevard de la Technicité(H-G) 247110 La LouvièreGround area
5,879 m²
Building footprint
732 m²
Volume, LiDAR
4,416 m³
Parcel 55020B0417/00X000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARTHICARS
since 20062.159.835.355
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020B0417/00X000 | Wallonia | 5,879 m² | 1 · 732 m² | 7.5 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.
Similar companies · same sector, comparable size
A.B.E. GENNE
BE 0452.484.115
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GARAGE HUYBERS
BE 0834.676.486
Hamont-Achel · Eq €119k
LU CARS
BE 0849.433.849
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BSZ CAR
BE 0836.909.763
Anderlecht · Eq €119k
EUROPEAN BIZNESS CAR'S
BE 0448.493.851
Sint-Jans-Molenbeek · Eq €118k
Of 2,120 companies in sector 46711 we hold annual accounts for 1,122. 753 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2006
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50101
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
50103
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:marthicars@hotmail.com
Phone:064/370484