MARTIN RENOVATIES
ActiveMARTIN RENOVATIES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €30k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 7391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+9
Solvency85▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 5.19 in 2024; short-term debt: 22% and cash: 76.4% of total assets), and 39.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
60.3%
Return on assets
17.6%
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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
11 d late
2023
22 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
33 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▲ 41.1%
2024 · €74k
2018: €69k
2019: €73k
2020: €46k
2021: €56k
2022: €59k
2023: €60k
2024: €74k
2018 → 2025
Total assets
€173k▲ 31.7%
2024 · €132k
2018: €126k
2019: €132k
2020: €98k
2021: €155k
2022: €174k
2023: €142k
2024: €132k
2018 → 2025
Net result
€30k▲ 114%
2024 · €14k
2018: €2k
2019: €4k
2020: €-28k
2021: €11k
2022: €3k
2023: €394
2024: €14k
2018 → 2025
Working capital
€135k▲ 44.3%
2024 · €94k
2018: €76k
2019: €80k
2020: €78k
2021: €80k
2022: €88k
2023: €79k
2024: €94k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€59k▲ 5.7%€60k▲ 0.7%€74k▲ 23.7%€105k▲ 41.1%
Operating result€11k-€3k▼ 67.8%€-147€16k€40k▲ 155%
Net result€11k-€3k▼ 69.6%€394▼ 87.8%€14k▲ 3,503%€30k▲ 114%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 155% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€85▼ 99.5%
Current assets
€173k▲ 49.4%
Equity and liabilities €173k
Equity
€105k▲ 41.1%
Debt
€69k▲ 19.7%
The debt ratio falls from 43.7% to 39.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €32k
Cash flow
€46k▲
2024 · €30k
Solvency
60.3%▲
2024 · 56.3%
Current ratio
4.54▼
2024 · 5.19
Quick ratio
4.54▼
2024 · 5.19
Debt / equity
0.66▼
2024 · 0.77
ROE
29.1%▲
2024 · 19.2%
ROA
17.6%▲
2024 · 10.8%
Interest coverage
109.07▲
2024 · 37.69
Debt
€69k▲
2024 · €57k
Debt ≤ 1 year
€38k▲
2024 · €22k
Debt > 1 year
€30k▼
2024 · €35k
Income taxes
€9k▲
2024 · €2k
Staff costs
€-2k▼
2024 · €44k
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€132k€173k▲
Fixed assets21/28€16k€85▼
Intangible fixed assets21€474-
Tangible fixed assets22/27€15k-
Furniture and vehicles24€15k-
Financial fixed assets28€85€85=
Current assets29/58€116k€173k▲
Amounts receivable within one year40/41€31k€40k▲
Trade receivables40€28k€38k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€85k€132k▲
Deferred charges and accrued income490/1€189€1k▲
Equity and liabilities
Total equity and liabilities10/49€132k€173k▲
Equity10/15€74k€105k▲
Contributions10/11€19k€19k=
Reserves13€55k€86k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€54k€84k▲
Amounts payable17/49€57k€69k▲
Amounts payable after more than one year17€35k€30k▼
Financial debts170/4€9k€587▼
Other amounts payable178/9€26k€30k▲
Amounts payable within one year42/48€22k€38k▲
Current portion of amounts payable after more than one year42€11k€8k▼
Trade debts44€10k€24k▲
Suppliers440/4€10k€24k▲
Taxes, remuneration and social security45€869€6k▲
Taxes450/3€869€6k▲
Accrued charges and deferred income492/3-€340
Income statement
Code20242025
Non-recurring operating income76A€9k-
Remuneration, social security and pensions62€44k€-2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€79k€55k▼
Operating profit (loss)9901€16k€40k▲
Financial income75/76B€1k€570▼
Recurring financial income75€313€77▼
Non-recurring financial income76B€849€493▼
Financial charges65/66B€838€506▼
Recurring financial charges65€838€506▼
Profit (loss) for the period before taxes9903€16k€40k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€14k€30k▲
Profit (loss) for the period to be appropriated9905€14k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€30k▲
Transfer to equity691/2€14k€30k▲
To other reserves6921€14k€30k▲
The notes to these accounts (9 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 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €30k ▲114%
Operating result €40k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲41.1%
5 profitable years in a row build equity to €105k.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-28k ▼760%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.65
Current ratio from 3.47 to 7.65; short-term debt falls from €33k to €12k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schoten · 1 establishment unit since 2010
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.
Hertendreef 332900 SchotenGround area
5,918 m²
Building footprint
200 m²
Volume, LiDAR
3,757 m³
Parcel 11040A0111/00W008, Flanders · tallest building 24.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Martin Renovaties
since 20102.192.304.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0111/00W008 | Flanders | 5,918 m² | 1 · 200 m² | 24.6 m · 7 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
D.M.VERDIE
BE 0535.909.261
Antwerpen · Eq €105k
DUBOIS PERE ET FILS
BE 0435.078.553
Liège · Eq €105k
RP CONSTRUCT
BE 0478.976.793
Habay · Eq €105k
VAN PAMEL CHRISTOPHE
BE 0729.539.374
Brugge · Eq €104k
OMEGA RENOVATION
BE 0773.523.728
Vilvoorde · Eq €104k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,092 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-03-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.