MRTNS Equities
ActiveMRTNS Equities has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €5k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▼-43
Solvency28▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
short-term debt: 0.5% and cash: 2.8% of total assets, and 96.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
3.1%
Return on assets
0.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 14056 sector peers (2025).
NBB · sector comparisonPosition among 14056 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-06-2026, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
146 d late
2023
119 d early
2021
17 d early
2020
31 d late
2019
144 d late
2018
9 d early
2017
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€145k▲ 3.2%
2023 · €141k
2018: €39k
2019: €43k
2020: €44k
2021: €-44k
2023: €141k
2018 → 2025
Total assets
€4.74M▲ 640%
2023 · €640k
2018: €138k
2019: €795k
2020: €915k
2021: €978k
2023: €640k
2018 → 2025
Net result
€5k▼ 96.8%
2023 · €145k
2018: €34k
2019: €4k
2020: €1k
2021: €-88k
2023: €145k
2018 → 2025
Working capital
€4.71M▲ 831%
2023 · €506k
2018: €34k
2019: €57k
2020: €102k
2021: €-98k
2023: €506k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232025Trend
Equity€43k-€44k▲ 2.7%€-44k€141k€145k▲ 3.2%
Operating result€22k-€37k▲ 68.7%€-55k€269k€226k▼ 15.9%
Net result€4k-€1k▼ 71.4%€-88k€145k€5k▼ 96.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €226k in 2025, compared with €269k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €4.74M
Fixed assets
€6k▼ 62.5%
Current assets
€4.73M▲ 657%
Equity and liabilities €4.74M
Equity
€145k▲ 3.2%
Debt
€4.59M▲ 819%
The debt ratio rises from 78.0% to 96.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€235k▼
2023 · €275k
Cash flow
€14k▼
2023 · €150k
Solvency
3.1%▼
2023 · 22.0%
Quick ratio
39.06▲
2023 · 0.88
Debt / equity
31.57▲
2023 · 3.55
ROE
3.1%▼
2023 · 102.7%
ROA
0.1%▼
2023 · 22.6%
Interest coverage
1.09▼
2023 · 2.83
Debt
€4.59M▲
2023 · €499k
Debt ≤ 1 year
€22k▼
2023 · €119k
Debt > 1 year
€4.57M▲
2023 · €380k
Income taxes
€7k▼
2023 · €27k
A ratio outside any meaningful range has been withheld (balance sheet total €4.74M, equity €145k).
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€640k€4.74M▲
Fixed assets21/28€15k€6k▼
Tangible fixed assets22/27€14k€6k▼
Plant, machinery and equipment23€2k€684▼
Furniture and vehicles24€12k€5k▼
Financial fixed assets28€1k-
Current assets29/58€625k€4.73M▲
Stocks and contracts in progress3€520k€3.89M▲
Stocks30/36€520k€3.89M▲
Amounts receivable within one year40/41€53k€639k▲
Trade receivables40€39k€631k▲
Other amounts receivable41€14k€8k▼
Current investments50/53-€72k
Cash at bank and in hand54/58€52k€132k▲
Equity and liabilities
Total equity and liabilities10/49€640k€4.74M▲
Equity10/15€141k€145k▲
Contributions10/11€48k€48k=
Reserves13€2k€92k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€90k
Profit (loss) carried forward14€91k€5k▼
Amounts payable17/49€499k€4.59M▲
Amounts payable after more than one year17€380k€4.57M▲
Financial debts170/4€380k€4.57M▲
Amounts payable within one year42/48€119k€22k▼
Trade debts44€23k€1k▼
Suppliers440/4€23k€1k▼
Taxes, remuneration and social security45€21k€7k▼
Taxes450/3€21k€7k▼
Other amounts payable47/48€74k€14k▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€23k€2k▼
Gross operating margin9900€298k€238k▼
Operating profit (loss)9901€269k€226k▼
Financial income75/76B-€245
Recurring financial income75-€245
Financial charges65/66B€97k€215k▲
Recurring financial charges65€97k€215k▲
Profit (loss) for the period before taxes9903€172k€11k▼
Income taxes67/77€27k€7k▼
Profit (loss) for the period9904€145k€5k▼
Profit (loss) for the period to be appropriated9905€145k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€95k▲
Profit (loss) brought forward from the previous period14P€-54k€91k▲
Transfer to equity691/2-€90k
To other reserves6921-€90k
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
2026
11-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 15 juli 2026
- Registered-office move, Frankrijklei 5 bus 401, 2000 Antwerpen
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 146 days late
2025
30-06
Financial
Liquidity times 42current ratio 219.08
Current ratio from 5.25 to 219.08; short-term debt falls from €119k to €22k.
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
30-09
Financial
Liquidity times 9current ratio 5.25
Current ratio from 0.60 to 5.25; short-term debt falls from €243k to €119k.
30-09
Financial
Equity above €100kEq €141k
Equity rises from €-44k to €141k.
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-88k ▼7580%
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
25-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2004
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.
Frankrijklei 52000 AntwerpenGround area
2,975 m²
Building footprint
2,664 m²
Volume, LiDAR
106,871 m³
Parcel 11808H1294/00A000, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
MRTNS Equities
since 20042.136.039.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,580 EUR awarded · 2,453 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 600 EUR |
| 2024 | 1 | 2,580 EUR | 1,853 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2004
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
62020IT consultancy
62200Computer consultancy and computer facilities management
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.