Equity
€500,175 ▼ 9.4%
MARTINY & CIE paid out €112,000 in dividends. That is 186% of the 2025 profit.
MARTINY & CIE
Lifetime
20 annual accounts with figures on one time axis, 42 filings since 1984peak €613,267 (2025)
€613,267▲ 7.7%
lowest -€49,094 (2006)
€60,152▲ 8.6%
peak €552,022 (2024)
€500,175▼ 9.4%
€1.2m▲ 18.1%
peak 5.7 FTE (2025)
5.7 FTE▲ 16.3%
Board2 names since 2013
2 directorsCamille MARTINY and 1 other
Owners
72.48%BARALCA
Documentsfilings and deeds
30-10-202691 days late
2025financial year
Staff from 4.9 FTE to 5.7 FTEAppointments: Camille MARTINY (director) and Nicolas LESPAGNA… 22-04Dividend €112,000Debts from €1.0m to €1.2m
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 38% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.4%▼ -0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.3%▼ -0.8 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026
10-2026: 1.0%▲ +0.3 percentage points vs 09-2026
11-2026: 0.4%▼ -0.6 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 91 days late; 1 of the last 3 accounts late
Sector: Retail trade (NACE 47)
lowers risk
Founded in 1983
Legal form: public limited company
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 47, micro). It does better than 45% of them on solvency, 28% on liquidity, 42% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as MARTINY & CIE has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MARTINY & CIE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for MARTINY & CIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is tight, with a current ratio of 1.13 (1.27 in 2024), below the usual 1.5. Short-term debt is 61.6% and cash 10.6% of total assets. 70.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
68 days late
2020
30 days late
2019
20 days late
← 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 43 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0425154562
Appointments: Camille MARTINY (director) and Nicolas LESPAGNARD (director)
Gazette deed
Reappointments: Nicolas Lespagnard (managing director) and MARTINY Camille (managing director)
General meeting of 20-05-2019 · Gazette deed
First establishment
Rue du Marché 70, Durbuy
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARTINY & CIE Durbuy | €1.7m | €613,267 | 29.5% | 5.7 |
| TRANSPORTS GENIN Tenneville | €2.3m | €491,772 | 19.9% | 6.4 |
| DELRUE Anzegem | €1.4m | €627,757 | 60.2% | 5.3 |
| BRANDSTOFFEN KERFS Houthalen-Helchteren | €2.2m | €622,778 | 18.8% | 4.9 |
| GAILLY MAZOUT Rebecq | €1.5m | €667,394 | 39.5% | 7.8 |
| MiniGas Zemst | €2.2m | €487,478 | 87.9% | 6.4 |
| LAMBRECHTS C. Putte | €1.2m | €474,863 | 31.0% | 6 |
These companies have the same main activity as MARTINY & CIE: retail sale of automotive fuel (NACE 47300). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 1987 and 1992.
Official details
Source: KBO- Status
- Active since 31-12-1983Normal situation
- Activity
- Retail sale of automotive fuelNACE 47300and 2 others
- Establishment unit
- 2.023.678.6336941 Durbuy, since 01-01-1984
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on MARTINY & CIE
MARTINY & CIE has existed since 1983. In 2009 the gross margin rose from €44,885 to €167,760.
Solvency fell in 2025 from 35.3% to 29.5% because of the dividend and higher debts to suppliers.
BARALCA holds 72.48% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARTINY & CIE
- What is the company number of MARTINY & CIE?
- The company number of MARTINY & CIE is 0425.154.562. The VAT number is the same number with BE in front: BE 0425.154.562.
- Where is MARTINY & CIE based?
- The registered office is at Route de Marche 70, 6940 Durbuy.Company details
- What does MARTINY & CIE do?
- According to the KBO register, the main activity is retail sale of automotive fuel (NACE 47300).
- What is the legal form of MARTINY & CIE?
- MARTINY & CIE is a public limited company (NV).
- When was MARTINY & CIE founded?
- MARTINY & CIE was founded on 31-12-1983.
- Is MARTINY & CIE still active?
- Yes, MARTINY & CIE is an active enterprise in the KBO register.
- How many employees does MARTINY & CIE have?
- MARTINY & CIE had an average of 5.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MARTINY & CIE?
- The turnover of MARTINY & CIE was €9.7m in financial year 2025, according to the filed annual accounts.
- Is MARTINY & CIE profitable?
- In financial year 2025, MARTINY & CIE made a profit of €60,152.
- Where can I find the annual accounts of MARTINY & CIE?
- MARTINY & CIE filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARTINY & CIE due?
- MARTINY & CIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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