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MARTHY

Active Public limited companyfounded 1993active for 33 yearsTommestraat 132, 3040 HuldenbergKBO/BCE: BE 0450.132.854

Overview

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1994
peak €243,584 (2008)
€16,651▲ 25.4%
lowest -€29,996 (2011)
€2,454▲ €3,166
peak €215,798 (2009)
€87,080▲ 2.9%
€88,444▼ 9.1%
peak 6.2 FTE (2008)
-not published
Board2 names since 1993
2 directors and 1 other
Documentsfilings and deeds
02-12-202560 days before the deadline
2025micro format
Gross margin from €13,283 to €16,651Back to profit: €2,454

Key points

from the 2025 annual accounts

Equity

€87,080 from €215,798 in 2009

Equity fell by 60% in 16 years.

Turnover

≈ €130,000 estimated

The micro format states no turnover.

Filings

32 annual accounts since 1994
deadline200020102020

Two of the last ten came late. The 2016 accounts came latest: 22 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,044 companies had the same profile as MARTHY has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,044 companies, not a prediction for MARTHY. 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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Chair
Managing director
Board & ownership

Recent changes

Reappointments: (director) and (director) General meeting of 30-11-2024 · Gazette deed
Reappointments: (managing director) and (chair of the board) General meeting of 31-12-2020 · Gazette deed
New establishment in Wavre Avenue Zénobe Gramme 8
First establishment Tommestraat 132, Huldenberg
All 44 events

Official details

Source: KBO
Status
Active since 14-05-1993Normal situation
Activity
No activity registered in the KBO
Establishment units
2.065.580.2573040 Huldenberg, since 17-02-1994
2.065.580.3561300 Wavre, since 09-05-1994
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2025

€16,651▲ 25.4%
€2,454
€87,080▲ 2.9%
€182,259▼ 3.9%
Filing
Filed on 02-12-2025, 60 days before the end of the filing period
Financials

Insights on MARTHY

MARTHY files the micro format. That format states no turnover. The gross margin fell from €240,921 in 2007 to €16,651 in 2025.

The balance sheet grew most from 2008 to 2009 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 02-12-2025, 60 days before the deadline
€16,651
▲ 25.4%
€7,022
▲ 84.1%
€2,454
▲ €3,166
-
47.8%
▲ 3.2 percentage points
-

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €130,000. Estimated: probably between €58,000 and €300,000.

Balance sheet

balance sheet total €182,259 on 30-06-2025
What the company ownsHow it is paid for

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 182,259189,638190,155197,526202,655204,744212,997221,620225,007240,165250,469259,522288,918245,047285,072357,604414,321267,635230,291
21/28 182,259189,042190,083196,221202,456204,475211,297220,697224,412237,462249,868258,912268,421176,413184,009192,482304,490229,629173,240
22/27 182,259189,042190,083196,221202,456204,475211,297220,301224,015237,065249,868258,912268,421176,413184,009192,482304,490229,629173,240
22 127,174133,137133,358138,540143,722142,834147,584155,374163,165173,793184,422192,010199,59897,99697,99697,996199,15897,99673,671
23 55,08555,90556,72557,68158,73461,64163,71364,92660,85063,27265,44666,90268,82470,74670,67171,47274,648116,30267,859
24 -------------7,67115,34223,01330,68415,33231,710
28 -------397397397---------
29/58 -595731,3051992691,7009235952,70360161020,49768,634101,062165,122109,83238,00557,050
3 -----------------1,4161,089
30/36 -----------------1,4161,089
40/41 -------722392-39739739744,30522,415155,88446,19519,90741,939
40 -----------------14,15426,415
41 -------722392-39739739744,30522,415155,88446,1955,75415,524
54/58 -595731,3051992041,7002012032,70320421420,10024,32978,6479,23863,63716,68214,022
490/1 -----65-------------
Balance sheet: equity and liabilities
10/49 182,259189,638190,155197,526202,655204,744212,997221,620225,007240,165250,469259,522288,918245,047285,072357,604414,321267,635230,291
10/15 87,08084,62585,33689,26690,69992,99788,71692,26799,588106,224117,233130,776159,766161,191185,713215,709215,79835,752-38,161
10/11 74,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,368
10 74,37574,37574,37574,375---------------
100 74,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,37574,368
13 27,64430,53133,41736,30439,19187,01885,23287,94290,48294,54198,598102,656106,714157,568152,627152,627152,62747,4377,437
130/1 7,4377,4377,4377,4377,437--------------
130 7,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,4377,437
132 20,20723,09425,98028,86731,75434,64132,85435,56438,10542,16346,22150,27954,337105,190105,190105,190105,190--
133 -----44,94144,94144,94144,94144,94144,94144,94144,94144,94140,00040,00040,00040,000-
14 -14,939-20,280-22,456-21,413-22,866-68,397-70,891-70,050-65,269-62,692-55,741-46,256-21,324-70,752-41,289-11,294-11,204-86,060-119,966
16 6,7367,6988,6609,62210,58511,54717,18318,32119,63021,72023,81125,90127,99254,18954,18954,18954,189--
168 6,7367,6988,6609,62210,58511,54717,18318,32119,63021,72023,81125,90127,99254,18954,18954,18954,189--
17/49 88,44497,31596,15998,638101,371100,200107,099111,032105,789112,221109,426102,845101,16129,66745,16987,706144,334231,883268,451
17 ----3,0115,8798,61217,95213,69418,30818,20519,74414,82026,41243,65260,095103,867111,408149,789
170/4 ----3,0115,8798,61217,95213,69418,30818,20519,74414,82026,41243,65260,095103,867111,408149,789
42/48 84,74993,73694,91597,41198,36094,32198,48893,08192,09493,91391,22183,10186,3413,2551,51827,61240,467120,475118,662
42 ---3,0112,8682,9532,8142,4802,3622,6352,2474,32111,891------
43 36,95934,86235,07536,78636,67437,18337,07734,62636,11333,59035,02935,74533,7542,23850413,221-33,67428,711
430/8 36,95934,86235,07536,78636,67437,18337,07734,62636,11333,59035,02935,74533,7542,23850413,221-33,67428,711
44 42634797684299501,3233482,2311,36818842812,4588781,01412311,40470,67969,444
440/4 42634797684299501,3233482,2311,36818842812,4588781,01412311,40470,67969,444
45 -------710--12-81139-1027,20816,08220,508
450/3 -------710--12-81139--27,2081,8117,509
454/9 ---------------10-14,27112,998
47/48 47,36458,52759,74356,93058,51954,13557,27354,91851,38856,32053,74542,60728,158--14,2581,85540-
492/3 3,6953,5791,2441,226---------------
Income statement
76A ----------4,4964,4964,4964,6555,2406,216337,0307,943-
9900 16,65113,2839,69412,10415,47812,98815,15511,07913,7415,1791,906-12,013-811-18,638-14,72121,708115,698243,584240,921
62 ----------------110,842210,995188,527
630 6,7836,7836,1386,2357,9407,52110,46510,45213,05013,20113,53914,00626,56814,40615,11117,06222,58040,85237,999
640/8 2,8462,6872,9972,7822,9542,3852,4852,3712,4472,7562,2883,0071,712-2,7045,9701,9597,0901,864
66A ------------1,059--1,621---
9901 7,0223,8135593,0874,5843,0812,206-1,745-1,756-10,778-13,921-29,025-29,091-33,044-32,535-1,324-19,684-15,35412,530
75/76B ------13-5-022513,7158911,9222,871502750
75 ------13-5-022513,7158911,9222,871502750
65/66B 5,5305,4875,4515,4837,8444,4366,9086,8856,9762,3216,2086,5532,1642,1553,5925,28158,70615,65011,931
65 5,5305,4875,4515,4836,5844,4366,9086,8856,9762,3216,2086,5532,1642,1553,5925,28158,70615,65011,931
66B ----1,260--------------
9903 1,492-1,673-4,891-2,396-3,260-1,355-4,690-8,630-8,726-13,099-15,634-31,080-27,568-26,829-29,996-90261,512-22,5591,349
780 962962962962---------------
67/77 ------------542,634--27,276--
9904 2,454-711-3,929-1,434-2,297-392-3,551-7,321-6,636-11,009-13,543-28,990-1,425-29,463-29,996-90180,047-22,5591,349
789 2,8872,8872,8872,8872,8872,8872,7102,5404,0584,0584,0584,05850,854------
689 ----------------105,190--
9905 5,3412,176-1,0431,4535892,494-841-4,781-2,578-6,951-9,485-24,93249,429-29,463-29,996-9074,856-22,5591,349
Appropriation of the result
9906 -14,939-20,280-22,456-21,413-22,866-68,397-70,891-70,050-65,269-62,692-55,741-46,256-21,324-70,752-41,289-11,294-11,204-86,060-119,966
14P -20,280-22,456-21,413-22,866---------------
Social balance sheet
9087 ----------------3.46.26
Hours worked1013 ----------------5,96012,57312,001
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1994-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 02-12-2025 2025-00573952 PDF
30-06-2024 micro format 02-12-2024 2024-00607592 PDF
30-06-2023 micro format 04-12-2023 2023-00520981 PDF
30-06-2022 micro format 09-01-2023 2023-20558725 PDF
30-06-2021 micro format 08-11-2021 2021-77300115 PDF
30-06-2020 micro format 28-01-2021 2021-03900434 PDF
30-06-2019 micro format 18-12-2019 2019-76500587 PDF
30-06-2018 micro format 07-01-2019 2019-00700084 PDF
30-06-2017 micro format 01-02-2018 2018-04600161 PDF
30-06-2016 abbreviated format 22-02-2017 2017-05100447 PDF
30-06-2015 abbreviated format 30-03-2016 2016-07600196 PDF
30-06-2014 abbreviated format 27-02-2015 2015-05000191 PDF
30-06-2013 abbreviated format 28-02-2014 2014-05200167 PDF
30-06-2012 abbreviated format 28-02-2013 2013-05000106 PDF
30-06-2011 abbreviated format 29-02-2012 2012-04800230 PDF
30-06-2010 abbreviated format 28-02-2011 2011-04500161 PDF
30-06-2009 abbreviated format 28-02-2010 2010-05400514 PDF
30-06-2008 abbreviated format 27-02-2009 2009-05900167 PDF
30-06-2007 abbreviated format 28-11-2007 2007-80800177 PDF
30-06-2006 abbreviated format 08-12-2006 2006-90300588 PDF
30-06-2005 abbreviated format 10-02-2006 2006-04802728 PDF
30-06-2004 abbreviated format 04-02-2005 2005-04502732 PDF
30-06-2003 abbreviated format 12-12-2003 2003-83300317 PDF
30-06-2002 abbreviated format 27-01-2003 2003-02602844 PDF
30-06-2001 abbreviated format 22-02-2002 2002-05000110 PDF
30-06-2000 abbreviated format 30-03-2001 2001-08700263 PDF
30-06-1999 abbreviated format 18-09-2000 2000-57403122 PDF
30-06-1998 abbreviated format 05-01-1999 1999-00303203 PDF
30-06-1997 abbreviated format 01-04-1998 1998-06100710 PDF
30-06-1996 abbreviated format 31-12-1996 1996-55805024 PDF
30-06-1995 abbreviated format 27-12-1995 1995-61703736 PDF
30-06-1994 abbreviated format 14-02-1995 1995-02500604 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
13,80510,5976,6979,32212,52410,60212,6708,70711,2942,423-382-15,019-2,523-18,638-17,42415,7382,89625,49850,529
9,2386,0722,2094,8015,6427,1296,9143,1306,4152,192-4-14,98425,143-15,057-14,88416,972202,62718,29339,348
05,743005,9206991,4616,73707964,4964,496126,2486,8106,6386,216149,52440,7768,502
-523-1,2321,106-5-1,4961,499-1-2,5012,499-10-19,887-4,229-54,31869,409-54,39946,9552,660-
--93,140-94,842-96,106-98,161-94,052-96,787-92,158-91,500-91,210-90,620-82,491-65,84465,37999,545137,51169,365-82,469-61,612
47.8%44.6%44.9%45.2%44.8%45.4%41.7%41.6%44.3%44.2%46.8%50.4%55.3%65.8%65.1%60.3%52.1%13.4%-16.6%
-0.010.000.010.000.000.020.010.010.030.010.010.2421.0966.595.982.710.320.48
-0.010.000.010.000.000.020.010.010.030.010.010.2421.0966.595.982.710.300.47
1.021.151.131.101.121.081.211.201.061.060.930.790.630.180.240.410.676.49-
2.8%-0.8%-4.6%-1.6%-2.5%-0.4%-4.0%-7.9%-6.7%-10.4%-11.6%-22.2%-0.9%-18.3%-16.2%0.0%83.4%-63.1%-
1.3%-0.4%-2.1%-0.7%-1.1%-0.2%-1.7%-3.3%-2.9%-4.6%-5.4%-11.2%-0.5%-12.0%-10.5%0.0%43.5%-8.4%0.6%
2.501.931.231.70---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets-€5,743--
€6,783€6,783€6,138€6,235

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on MARTHY

The operating result for 2025 is 84% higher than in 2024 and the highest since 2007. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 51.3% to 48.5%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2024
Chair of the board and director (not named in the articles)
chair of the board in office according to the deed of 03-03-2021 director (not named in the articles) since 28-05-1993 6-year term from 2024
listed in the 2025 annual accounts, filed on 02-12-2025
Director (not named in the articles) and managing director
director (not named in the articles) since 28-05-1993 managing director in office according to the deed of 03-03-2021 6-year term from 2024
listed in the 2025 annual accounts, filed on 02-12-2025

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director, Chair of the board

Director, Managing director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
    • Director, from 28-05-1993 to date
    • Chair of the board, since before 03-03-2021
    • Director, from 28-05-1993 to date
    • Managing director, since before 03-03-2021

See the board, name and registered office on a given date →

Control

Capital

Capital
€74,375
Source
2025 annual accounts

Network & group

No group

MARTHY has no parent and no holdings in its annual accounts. MARTHY shares no director with another company.

Timeline

Timeline

44 events since 1993

Deadline for the 2026 accounts: 31-01-2027

2025
Annual accounts 2025 filed PDFmicro format · 60 days before the deadline
Back to profit net €2,454 The net result is €2,454, after 15 loss-making years.
2024
Reappointments: (director) and (director)General meeting of 30-11-20243 points ▸
  • General meeting, 30-11-2024
  • Director reappointment, (director (not named in the articles))
  • Director reappointment, (director (not named in the articles))

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFmicro format · 60 days before the deadline
2023
Annual accounts 2023 filed PDFmicro format · 58 days before the deadline
Annual accounts 2022 filed PDFmicro format · 22 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 84 days before the deadline
Reappointments: (managing director) and (chair of the board)General meeting of 31-12-20206 points ▸
  • General meeting, 31-12-2020
  • Director reappointment,
  • Director reappointment,
  • Board meeting, 31-12-2020
  • Director reappointment, (chair of the board)
  • Director reappointment, (managing director)

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 3 days before the deadline
2019
Annual accounts 2019 filed PDFmicro format · 44 days before the deadline
Annual accounts 2018 filed PDFmicro format · 24 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 1 day late
2017
Annual accounts 2016 filed PDFabbreviated format · 22 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 59 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 27 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 28 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 28 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 29 days late
2011
Weakest financial year net -€29,996 The net result drops to -€29,996, the lowest from 2007 to 2025. It recovers the following year.
Liquidity more than 11 times current ratio 66.59 The current ratio rises from 5.98 to 66.59. Short-term debt falls from €27,612 to €1,518.
Annual accounts 2010 filed PDFabbreviated format · 28 days late
2010
Liquidity more than doubled current ratio 5.98 The current ratio rises from 2.71 to 5.98. Short-term debt falls from €40,467 to €27,612.
Annual accounts 2009 filed PDFabbreviated format · 28 days late
2009
Back to profit net €180,047 The net result is €180,047, after one loss-making year.
Liquidity more than 8 times current ratio 2.71 The current ratio rises from 0.32 to 2.71. Short-term debt falls from €120,475 to €40,467.
Equity above €200,000 equity €215,798 ▲504% Equity rises from €35,752 to €215,798.
Annual accounts 2008 filed PDFabbreviated format · 27 days late
2007
Annual accounts 2007 filed PDFabbreviated format · 64 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 54 days before the deadline
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed NBBabbreviated format
1996
Annual accounts 1996 filed NBBabbreviated format
1995
Annual accounts 1995 filed NBBabbreviated format
Annual accounts 1994 filed NBBabbreviated format
1994
New establishment in Wavre Avenue Zénobe Gramme 8
First establishment Tommestraat 132, Huldenberg
1993
Incorporation published on 10-06-1993

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 May 1993, MARTHY was incorporated.1 Total assets went from €212,997 in 2019 to €182,259 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0450.132.854
VAT number
BE 0450.132.854
Legal form
Public limited company
Status
Active, normal situation
Founded
14-05-1993
Financial year
ends on 30 June
Peppol
Not found in the Peppol Directory
Name
MARTHY in Dutch
Entity type
Legal entity

Registered office and establishments

2 establishments
Establishment Since Unit number
Tommestraat 132 registered office 3040 Huldenberg 68110 Buying and selling of own real estate 17-02-1994 2.065.580.257
Avenue Zénobe Gramme 8 1300 Wavre 46643 Wholesale of electrical equipment, including installation materials 09-05-1994 2.065.580.356

Buildings and parcels at the addresses

Ground area
2,546 m²
Buildings
902 m²
Volume, LiDAR
4,123 m³
Tallest building
12.1 m
Buildings to scale, each on its own parcel
770 m², 12.1 m 132 m², 4.2 m 770 m², 12.1 m 132 m², 4.2 m

Location

registered office establishment All 2 establishment units on the map

Parcels

Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
25112B0049/02B000Wallonia1,602 m² 1 · 770 m² 12.1 m · 2
24085C0118/00K000Flanders944 m² 1 · 132 m² 4.2 m · 1

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If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

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Register as of 12 November 2026 · Peppol Directory