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MARTINELL

Active
Private limited companyfounded 2007active for 19 yearsHalveweg 109, 3520 Zonhoven, BelgiumKBO/BCE: BE 0890.217.104
Summary

MARTINELL has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €902,724 and a net result of €132,615. Equity has been growing by about 13% per year since 2019. Its solvency ranks better than 87% of 17,001 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 20-06-2007 Normal situation
Activity
Full-service restaurants NACE 56111and 2 others
Establishment unit
2.163.680.317 3520 Zonhoven, since 18-06-2007
Financial year end
30 June
Peppol
Reachable since 06-11-2024

Board and ownership

Board
  • Corthouts LiesbethDirector · since 18-06-2007
  • Swinnen KrisDirector · since 18-06-2007

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-06-2025
Gross margin
€315,225
▼ 28.4%
Turnover
≈ €760,000
estimated
Profit
€132,615
▼ 34.8%
Equity
€902,724
▲ 3.7%
Total assets
€1.2m
▼ 3.8%
Staff
≈ 1.5 FTE
estimated
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)lowers riskFounded in 2007Equity €902,724 (74.1% of total assets)Size: total assets €1.2mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Strong
Solvency 99+5
equity 74.1% of total assets
Liquidity 65-12
short-term debt 17.9% · cash 15.6%
Profitability 82-7
return on assets 10.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,779 companies, NACE 56, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025highest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.83 (3.28 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 15.6% of total assets. 25.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 (NACE 56, micro). It does better than 87% of them on solvency, 69% on liquidity, 69% on profitability and 48% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €902,724 (74.1% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
3 days early
2023
42 days early
2022
41 days early
2021
7 days early
2020
9 days early
2019
56 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 24 January (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in food and beverage servicesector median €4,882 · 16,979 companies €132,615 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €132,615 7 years View
  • Caution: Result fell in 2025from €203,330 to €132,615 ▼ 34.8% View

Recent changes

  1. · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as MARTINELL: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1m and €1.4m, founded between 2004 and 2007.

CompanyTotal assetsGross margin
MARTINELL Zonhoven€1.2m€0.3m
EGÈO Diepenbeek€1.2m€0.3m
HOTEL ESPERANCE Brussel€1.4m€0.4m
DE WILDE-ANTIERENS De Haan€1.4m€0.3m
OR&K Villers-la-Ville€1.4m€0.3m
KAARSLICHT Nazareth-De Pinte€1.0m€0.3m
DANCING WOLVES Oudenaarde€1.0m€0.3m
Full comparison

Key facts about MARTINELL

What is the company number of MARTINELL?
The company number of MARTINELL is 0890.217.104. The VAT number is the same number with BE in front: BE 0890.217.104.
Where is MARTINELL based?
The registered office is at Halveweg 109, 3520 Zonhoven.Company details
What does MARTINELL do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of MARTINELL?
The legal form of MARTINELL is Private limited company (BV).
When was MARTINELL founded?
MARTINELL was founded on 20-06-2007.
Is MARTINELL still active?
Yes, MARTINELL is an active enterprise in the KBO register.
How many employees does MARTINELL have?
MARTINELL had an average of 14.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of MARTINELL?
The turnover in financial year 2025 is ≈ €760,000. This figure is estimated from the gross margin of €315,225 and 41 comparable companies (NACE 56111). It probably lies between €650,000 and €890,000.
Is MARTINELL profitable?
In financial year 2025, MARTINELL made a profit of €132,615.
Where can I find the annual accounts of MARTINELL?
MARTINELL filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MARTINELL due?
MARTINELL must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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