MARTINFOR

Active

Private limited companyfounded 20205 yrs activeBoulevard du Château 1, 7800 Ath, BelgiumKBO/BCE: BE 0760.665.981

MARTINFOR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-353) and a net result of €16k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 17007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+58

Solvency24▼-71

Growth58▼-20

Track record94

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.92 against 2.57 in 2024; short-term debt: 61.7% and cash: 51% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-0.8%

Return on assets

34%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 17007 sector peers (2025).

NBB · sector comparison

Position among 17007 sector peers

Solvency

better than 9%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 4 filings

Deviation from the deadline

2025

21 d late

2024

2 d late

2023

28 d late

2022

189 d late

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-353

2024 · €64k

2022: €50k 2023: €59k 2024: €64k

2022 → 2025

Total assets

€46k▼ 49.8%

2024 · €92k

2022: €67k 2023: €75k 2024: €92k

2022 → 2025

Net result

€16k▲ 202%

2024 · €5k

2022: €-15k 2023: €9k 2024: €5k

2022 → 2025

Working capital

€-2k

2024 · €44k

2022: €29k 2023: €39k 2024: €44k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€50k-€59k▲ 18.3%€64k▲ 8.8%€-353

Operating result€-14k-€9k€11k▲ 20.3%€16k▲ 42.7%

Net result€-15k-€9k€5k▼ 42.9%€16k▲ 202%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2025 is 43% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €46k

43.4%

56.6%

Fixed assets €20k=

Current assets €26k▼ 63.7%

Key figures and ratios

2025 value · change against 2024

Solvency

-0.8%▼

2024 · 69.6%

Current ratio

0.92▼

2024 · 2.57

Quick ratio

0.92▼

2024 · 2.57

ROA

34.0%▲

2024 · 5.7%

Debt

€46k▲

2024 · €28k

Debt ≤ 1 year

€28k▲

2024 · €28k

Staff costs

€40k▲

2024 · €35k

Equity ratios withheld: equity of €-353 is too small for a meaningful ratio.

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€92k€46k▼

Fixed assets21/28€20k€20k=

Financial fixed assets28€20k€20k=

Current assets29/58€72k€26k▼

Amounts receivable within one year40/41€30k-

Trade receivables40€30k-

Cash at bank and in hand54/58€10k€24k▲

Deferred charges and accrued income490/1€32k€3k▼

Equity and liabilities

Total equity and liabilities10/49€92k€46k▼

Equity10/15€64k€-353▼

Contributions10/11€80k€1▼

Profit (loss) carried forward14€-16k€-354▲

Amounts payable17/49€28k€46k▲

Amounts payable within one year42/48€28k€28k▲

Trade debts44-€12k

Suppliers440/4-€12k

Taxes, remuneration and social security45€27k€6k▼

Taxes450/3€13k€2k▼

Remuneration and social security454/9€14k€4k▼

Other amounts payable47/48€900€10k▲

Accrued charges and deferred income492/3-€18k

Income statement Code20242025

Remuneration, social security and pensions62€35k€40k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39-

Other operating charges640/8€125€400▲

Gross operating margin9900€46k€56k▲

Operating profit (loss)9901€11k€16k▲

Financial charges65/66B€6k€62▼

Recurring financial charges65€6k€62▼

Profit (loss) for the period before taxes9903€5k€16k▲

Profit (loss) for the period9904€5k€16k▲

Profit (loss) for the period to be appropriated9905€5k€16k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€-354▲

Profit (loss) brought forward from the previous period14P€-21k€-16k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 21 days late

2025

31-12

Financial Highest result since 2022net €16k ▲202%

Operating result €16k, net result €16k, both a record.

02-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 2 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

05-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 189 days late

2023

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Ath

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.

Boulevard du Château 17800 Ath

Ground area

169 m²

Building footprint

82 m²

Volume, LiDAR

843 m³

Parcel 51004A0080/00Y065, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51004A0080/00Y065	Wallonia	169 m²	1 · 82 m²	12.5 m · 3 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

ThinkNexT Development

Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 15,507 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-12-2020

Fiscal year end31-12

Activities, NACEBEL

62010Computer programming, consultancy and related activities

62020IT consultancy

62100Computer programming

62200Computer consultancy and computer facilities management

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.