Martin Hollevoet
ActiveSummary
The computed 12-month bankruptcy probability of Martin Hollevoet is 1.7% (moderate). The 2025 annual accounts show equity of €1.75M and a net result of €422k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 7777 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-1
Solvency83▲+16
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.48 in 2024; short-term debt: 29.9% and cash: 21.7% of total assets), and 42.4% 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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.6%
Return on assets
13.9%
Age of the figures
9 mo
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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
1 d early
2023
28 d late
2022
31 d late
2021
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.75M▲ 22.9%
2024 · €1.42M
2021: €550k
2022: €789k
2023: €1.12M
2024: €1.42M
2021 → 2025
Total assets
€3.03M▼ 9.8%
2024 · €3.36M
2021: €1.85M
2022: €2.20M
2023: €2.60M
2024: €3.36M
2021 → 2025
Net result
€422k▼ 14.3%
2024 · €493k
2021: €43k
2022: €240k
2023: €330k
2024: €493k
2021 → 2025
Working capital
€1.09M▲ 49.2%
2024 · €732k
2021: €483k
2022: €663k
2023: €936k
2024: €732k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€550k-€789k▲ 43.6%€1.12M▲ 41.8%€1.42M▲ 26.9%€1.75M▲ 22.9%
Operating result€60k-€391k▲ 547%€528k▲ 35.1%€715k▲ 35.5%€618k▼ 13.6%
Net result€43k-€240k▲ 456%€330k▲ 37.5%€493k▲ 49.5%€422k▼ 14.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.03M
Fixed assets
€1.03M ▼ 5.8%
Current assets
€2.00M ▼ 11.8%
Equity and liabilities €3.03M
Equity
€1.75M ▲ 22.9%
Provisions
€24k ▼ 13.3%
Debt
€1.26M ▼ 34.1%
Debt's share of the balance-sheet total falls from 56.9% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€845k▼
2024 · €920k
Cash flow
€650k▼
2024 · €698k
Current ratio
2.21▲
2024 · 1.48
Quick ratio
2.15▲
2024 · 1.44
Debt to equity
0.72▼
2024 · 1.35
ROE
24.2%▼
2024 · 34.7%
ROA
13.9%▼
2024 · 14.7%
Interest coverage
20.91▲
2024 · 11.61
Debt ≤ 1 year
€906k▼
2024 · €1.53M
Debt > 1 year
€353k▼
2024 · €378k
Income taxes
€188k▲
2024 · €162k
Staff costs
€996k▲
2024 · €934k
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€3.36M€3.03M▼
Fixed assets21/28€1.09M€1.03M▼
Intangible fixed assets21€2k€961▼
Tangible fixed assets22/27€1.09M€1.02M▼
Plant, machinery and equipment23€871k€786k▼
Furniture and vehicles24€215k€238k▲
Financial fixed assets28€5k€5k=
Current assets29/58€2.26M€2.00M▼
Stocks and contracts in progress3€62k€49k▼
Stocks30/36€45k€34k▼
Contracts in progress37€18k€15k▼
Amounts receivable within one year40/41€913k€976k▲
Trade receivables40€798k€953k▲
Other amounts receivable41€114k€22k▼
Current investments50/53-€300k
Cash at bank and in hand54/58€1.27M€658k▼
Deferred charges and accrued income490/1€15k€15k▲
Equity and liabilities
Total equity and liabilities10/49€3.36M€3.03M▼
Equity10/15€1.42M€1.75M▲
Contributions10/11€8k€8k=
Reserves13€1.40M€1.73M▲
Non-distributable reserves130/1€785€785=
Reserves not available under the articles1311€785€785=
Tax-exempt reserves132€109k€94k▼
Distributable reserves133€1.29M€1.63M▲
Profit (loss) carried forward14€9k€9k▲
Provisions and deferred taxes16€27k€24k▼
Deferred taxes168€27k€24k▼
Amounts payable17/49€1.91M€1.26M▼
Amounts payable after more than one year17€378k€353k▼
Financial debts170/4€233k€178k▼
Other amounts payable178/9€145k€175k▲
Amounts payable within one year42/48€1.53M€906k▼
Current portion of amounts payable after more than one year42€69k€96k▲
Trade debts44€683k€463k▼
Suppliers440/4€683k€463k▼
Advances received on contracts in progress46€233k€128k▼
Taxes, remuneration and social security45€219k€91k▼
Taxes450/3€185k€78k▼
Remuneration and social security454/9€34k€13k▼
Other amounts payable47/48€329k€128k▼
Income statement
Code20242025
Non-recurring operating income76A€143k-
Remuneration, social security and pensions62€934k€996k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€205k€227k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k-
Other operating charges640/8€47k€24k▼
Gross operating margin9900€1.90M€1.86M▼
Operating profit (loss)9901€715k€618k▼
Financial income75/76B€43k€30k▼
Recurring financial income75€43k€30k▼
Financial charges65/66B€79k€40k▼
Recurring financial charges65€79k€40k▼
Profit (loss) for the period before taxes9903€679k€607k▼
Transfer from deferred taxes780€3k€4k▲
Transfer to deferred taxes680€27k-
Income taxes67/77€162k€188k▲
Profit (loss) for the period9904€493k€422k▼
Transfer from tax-exempt reserves789€13k€14k▲
Transfer to tax-exempt reserves689€106k-
Profit (loss) for the period to be appropriated9905€400k€437k▲
Appropriation of the result
Profit (loss) to be appropriated9906€408k€445k▲
Profit (loss) brought forward from the previous period14P€9k€9k▲
Transfer from equity791/2€192k€97k▼
Transfer to equity691/2€400k€436k▲
To other reserves6921€400k€436k▲
Profit to be distributed694/7€192k€97k▼
Return on contributions (dividend)694€192k€97k▼
Social balance
Average headcount (FTE)908717.216.4▼
The notes to these accounts (14 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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €493k ▲49.5%
Operating result €715k, net result €493k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Equity above €1MEq €1.12M ▲41.8%
3 profitable years in a row build equity to €1.12M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ichtegem · 1 establishment unit since 2021
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.
Eernegemstraat(ICH) 108480 IchtegemGround area
2,409 m²
Building footprint
289 m²
Volume, LiDAR
1,174 m³
Parcel 35006A0750/00P000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Holmat
since 20212.320.082.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0750/00P000 | Flanders | 2,409 m² | 1 · 289 m² | 7.5 m · 1 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 to 2025 · 7 entries · 33,831 EUR awarded · 33,831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 17,212 EUR | 17,212 EUR |
| 2024 | 2 | 16,067 EUR | 16,067 EUR |
| 2023 | 1 | 218 EUR | 218 EUR |
| 2022 | 1 | 334 EUR | 334 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,488. 1,680 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
Founded02-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
41001General construction of residential buildings
43331Floor and wall tiling
43410Roofing work
43422Screed work
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.