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Martin Project & Solutions

Active
Private limited companyfounded 201214 years activeMiddendreef (Heide) 22, 2920 Kalmthout, BelgiumKBO/BCE: BE 0844.587.116
Summary

The computed 12-month bankruptcy probability of Martin Project & Solutions is 3.4% (moderate). The 2024 annual accounts show equity of €202,164 and a net result of €29,661. Equity is growing by ~13% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Overview

Activity
Activity not known1 site
Size
€206,704total assets 2024
Equity
€202,164
Profit
€29,661
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2024
Bankruptcy probability, 12 months
3.4%
Structure
Accounts 68 days overdue0 of 3 deeds read
Why 52- Figures for FY 2024 (filed 07-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 64 days late; 3 of the last 3 late- Ex-officio strike-off in the KBO+ Size: total assets €206,704Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 70% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 97.8% of total assets
Liquidity 58-22
short-term debt 2.2% · cash 6.8%
Profitability 87+44
return on assets 14.3%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.8%▲ +0.2 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.9%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%▼ -0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.4 percentage points vs 07-2025 09-2025: 1.4%▲ +0.2 percentage points vs 08-2025 10-2025: 2.1%▲ +0.7 percentage points vs 09-2025 11-2025: 1.5%▼ -0.6 percentage points vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.6%▲ +0.1 percentage points vs 05-2026 07-2026: 1.6%● unchanged vs 06-2026 08-2026: 2.5%▲ +0.9 percentage points vs 07-2026 09-2026: 2.4%▼ -0.1 percentage points vs 08-2026 10-2026: 3.4%▲ +1.0 percentage point vs 09-2026highest value
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 44.05 against 15.47 in 2023; short-term debt: 2.2% and cash: 6.8% of total assets), and 2.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 55% on liquidity, 70% on profitability and 74% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 07-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 64 days late; 3 of the last 3 late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
lowers risk · Size: total assets €206,704
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 filings
Deviation from the deadline
2025
not confirmed
2024
64 days late
2023
76 days late
2022
113 days late
2021
471 days late
2020
779 days late
2019
1144 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 441 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-complianceStrikeout withdrawn
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Liquidity triplescurrent ratio 44.05
  3. Equity above €200,000Eq €202,164 ▲17.2%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €29,661 7 years View
  • Total assets 20246 fiscal years filed €206,704 View

By topic

Financials

Fiscal year
2024
Total assets
€206,704
Profit
€29,661
Solvency
97.8%
Total assets▲ 12.1%
Net result
20182024
Go to Financials

Timeline

Events
21
Since
2016
  1. 15-10-2024Annual accounts filed
  2. 07-08-2024UBO non-compliance
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
21-03-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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