Martygroep
ActiveMartygroep has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €7k. Equity is growing by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 5895 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-7
Solvency60▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.53 in 2023; short-term debt: 24.9% and cash: 2.9% of total assets), but 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
34.9%
Return on assets
6.7%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
61 d late
2022
17 d late
2021
29 d late
2020
37 d late
2019
223 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 23.7%
2023 · €30k
2018: €8k
2019: €911
2020: €6k
2021: €31k
2022: €17k
2023: €30k
2018 → 2024
Total assets
€106k▲ 4.9%
2023 · €101k
2018: €88k
2019: €82k
2020: €91k
2021: €117k
2022: €89k
2023: €101k
2018 → 2024
Net result
€7k▼ 44.0%
2023 · €13k
2018: €-4k
2019: €-7k
2020: €5k
2021: €18k
2022: €-13k
2023: €13k
2018 → 2024
Working capital
€18k▲ 43.6%
2023 · €13k
2018: €-1k
2019: €-10k
2020: €-5k
2021: €16k
2022: €1k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€31k▲ 383%€17k▼ 43.8%€30k▲ 73.4%€37k▲ 23.7%
Operating result€6k-€23k▲ 260%€-13k€13k€12k▼ 11.5%
Net result€5k-€18k▲ 233%€-13k€13k€7k▼ 44.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€61k▼ 4.3%
Current assets
€44k▲ 20.9%
Equity and liabilities €106k
Equity
€37k▲ 23.7%
Debt
€69k▼ 3.0%
The debt ratio falls from 70.4% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2023 · €17k
Cash flow
€11k▼
2023 · €17k
Solvency
34.9%▲
2023 · 29.6%
Current ratio
1.69▲
2023 · 1.53
Quick ratio
1.69▲
2023 · 1.53
Debt / equity
1.86▼
2023 · 2.38
ROE
19.2%▼
2023 · 42.3%
ROA
6.7%▼
2023 · 12.5%
Interest coverage
11.28▼
2023 · 31.45
Debt
€69k▼
2023 · €71k
Debt ≤ 1 year
€26k▲
2023 · €24k
Debt > 1 year
€42k▼
2023 · €47k
Income taxes
€3k▲
2023 · €0
Staff costs
€10k▼
2023 · €26k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€101k€106k▲
Fixed assets21/28€64k€61k▼
Tangible fixed assets22/27€64k€61k▼
Land and buildings22€63k€60k▼
Plant, machinery and equipment23€283€1k▲
Financial fixed assets28€192€192=
Current assets29/58€37k€44k▲
Amounts receivable within one year40/41€22k€40k▲
Trade receivables40€7k€22k▲
Other amounts receivable41€15k€17k▲
Cash at bank and in hand54/58€13k€3k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€101k€106k▲
Equity10/15€30k€37k▲
Contributions10/11€19k€19k=
Reserves13€12k€18k▲
Distributable reserves133€12k€18k▲
Profit (loss) carried forward14€-761€0▲
Amounts payable17/49€71k€69k▼
Amounts payable after more than one year17€47k€42k▼
Financial debts170/4€47k€42k▼
Amounts payable within one year42/48€24k€26k▲
Current portion of amounts payable after more than one year42€5k€5k▼
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€67€699▲
Taxes450/3€0€630▲
Remuneration and social security454/9€67€69▲
Other amounts payable47/48€14k€14k▲
Income statement
Code20232024
Remuneration, social security and pensions62€26k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€677€1k▲
Gross operating margin9900€44k€27k▼
Operating profit (loss)9901€13k€12k▼
Financial charges65/66B€553€1k▲
Recurring financial charges65€553€1k▲
Profit (loss) for the period before taxes9903€13k€10k▼
Income taxes67/77€0€3k▲
Profit (loss) for the period9904€13k€7k▼
Profit (loss) for the period to be appropriated9905€13k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-761€6k▲
Profit (loss) brought forward from the previous period14P€-13k€-761▲
Transfer to equity691/2-€6k
To other reserves6921-€6k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €-13k ▼174%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €18k ▲233%
Operating result €23k, net result €18k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.53
Current ratio from 0.75 to 1.53.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 223 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2018
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.
Hekelaarslaan 69160 LokerenGround area
1,591 m²
Building footprint
1,390 m²
Volume, LiDAR
908 m³
Parcel 46014A1035/00N000, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
Steeva
since 20182.274.573.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1035/00N000 | Flanders | 1,591 m² | 1 · 1,390 m² | 11.1 m |
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
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BE 0829.926.654
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JOLYN SERVICES
BE 0776.716.216
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TUNA K-RO
BE 0745.376.506
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BEAR ON THE BEACH
BE 0442.390.076
Herentals · Eq €37k
E.R. NETTOYAGE SRL
BE 1011.742.563
Rochefort · Eq €37k
Of 7,012 companies in sector 81220 we hold annual accounts for 2,415. 1,963 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2018
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
16230Manufacture of other builders' carpentry and joinery
68121Development of residential building projects
47521Retail sale of hardware, building materials, paint and glass (general range)
70200Business and other management consultancy
70220Business consulting
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.