MARTEC
ActiveSummary
The annual accounts of MARTEC for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €26k and a net result of €-55k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 18400 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-72
Solvency48▼-16
Growth34▼-30
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.31 against 1.68 in 2024; short-term debt: 74.4% and cash: 44.2% of total assets), and 77.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
22.5%
Return on assets
-47.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
21 d early
2023
13 d late
2022
on the day
2021
17 d late
2020
26 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€505k▲ 27.0%
2020 · €398k
2018: €492k
2019: €374k▼ -23.9% vs 2018lowest in 4 years
2020: €398k▲ +6.4% vs 2019
2021: €505k▲ +27.0% vs 2020highest in 4 years
2018 → 2021
EBIT margin
6.2%▲ 2.7pp
2020 · 3.4%
2018: -4.4%
2019: -5.8%▼ -29.7% vs 2018lowest in 4 years
2020: 3.4%▲ +160% vs 2019
2021: 6.2%▲ +79.3% vs 2020highest in 4 years
2018 → 2021
Net result
€-55k
2024 · €29k
2018: €-24k
2019: €-22k▲ +7.9% vs 2018
2020: €13k▲ +160% vs 2019
2021: €29k▲ +115% vs 2020
2022: €-10k▼ -135% vs 2021
2023: €11k▲ +211% vs 2022
2024: €29k▲ +161% vs 2023highest in 8 years
2025: €-55k▼ -289% vs 2024lowest in 8 years
2018 → 2025
Working capital
€26k▼ 68.8%
2024 · €85k
2018: €19k
2019: €312▼ -98.4% vs 2018lowest in 8 years
2020: €20k▲ +6189% vs 2019
2021: €51k▲ +161% vs 2020
2022: €47k▼ -8.7% vs 2021
2023: €56k▲ +19.8% vs 2022
2024: €85k▲ +51.6% vs 2023highest in 8 years
2025: €26k▼ -68.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€505k-
Equity€51k-€41k▼ 19.7%€52k▲ 27.2%€81k▲ 55.8%€26k▼ 67.8%
2021: €51k
2022: €41k▼ -19.7% vs 2021
2023: €52k▲ +27.2% vs 2022
2024: €81k▲ +55.8% vs 2023highest in 5 years
2025: €26k▼ -67.8% vs 2024lowest in 5 years
Operating result€31k-€-9k€4k€41k▲ 882%€-53k
2021: €31k
2022: €-9k▼ -128% vs 2021
2023: €4k▲ +148% vs 2022
2024: €41k▲ +882% vs 2023highest in 5 years
2025: €-53k▼ -229% vs 2024lowest in 5 years
Net result€29k-€-10k€11k€29k▲ 161%€-55k
2021: €29k
2022: €-10k▼ -135% vs 2021
2023: €11k▲ +211% vs 2022
2024: €29k▲ +161% vs 2023highest in 5 years
2025: €-55k▼ -289% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €53k after €41k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€3k
Current assets
€113k
Equity and liabilities €116k
Equity
€26k ▼ 67.8%
Debt
€90k ▼ 29.5%
Debt's share of the balance-sheet total rises from 61.1% to 77.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-53k
Cash flow
€-55k
Current ratio
1.31▼
2024 · 1.68
Quick ratio
0.68▼
2024 · 0.71
Debt to equity
3.44▲
2024 · 1.57
ROE
-210.4%▼
2024 · 35.8%
ROA
-47.4%▼
2024 · 13.9%
Interest coverage
-52.40
Debt ≤ 1 year
€86k▼
2024 · €124k
Debt > 1 year
€4k=
2024 · €4k
Income taxes
€613▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€209k€116k▼
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€209k€113k▼
Stocks and contracts in progress3€121k€54k▼
Stocks30/36€121k€54k▼
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€3k€3k▼
Cash at bank and in hand54/58€80k€51k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€209k€116k▼
Equity10/15€81k€26k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€61k€6k▼
Amounts payable17/49€127k€90k▼
Amounts payable after more than one year17€4k€4k=
Financial debts170/4€4k€4k=
Amounts payable within one year42/48€124k€86k▼
Financial debts43€8k-
Other loans439€8k-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46€16k-
Taxes, remuneration and social security45€27k€5k▼
Taxes450/3€27k€5k▼
Other amounts payable47/48€70k€79k▲
Income statement
Code20242025
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€36
Other operating charges640/8€1k€1k▲
Gross operating margin9900€42k€-52k▼
Operating profit (loss)9901€41k€-53k▼
Financial income75/76B€40-
Recurring financial income75€40-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€40k€-54k▼
Income taxes67/77€11k€613▼
Profit (loss) for the period9904€29k€-55k▼
Profit (loss) for the period to be appropriated9905€29k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€6k▼
Profit (loss) brought forward from the previous period14P€32k€61k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €505k | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €7k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €469k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €101 | - | €36 | - |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €1k | ▲ 30.4% |
| Gross operating margin9900 | €37k | €-4k | €6k | €42k | €-52k | ▼ 222% |
| Operating profit (loss)9901 | €31k | €-9k | €4k | €41k | €-53k | ▼ 229% |
| Financial income75/76B | €1 | €637 | €11k | €40 | - | - |
| Recurring financial income75 | €1 | €2 | €0 | €40 | - | - |
| Non-recurring financial income76B | - | €636 | €11k | - | - | - |
| Financial charges65/66B | €2k | €2k | €2k | €1k | €1k | ▼ 24.2% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €1k | ▼ 24.2% |
| Profit (loss) for the period before taxes9903 | €29k | €-10k | €13k | €40k | €-54k | ▼ 236% |
| Income taxes67/77 | - | - | €2k | €11k | €613 | ▼ 94.4% |
| Profit (loss) for the period9904 | €29k | €-10k | €11k | €29k | €-55k | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | €29k | €-10k | €11k | €29k | €-55k | ▼ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €225k | €232k | €209k | €116k | ▼ 44.4% |
| Fixed assets21/28 | €4k | €101 | - | - | €3k | - |
| Intangible fixed assets21 | €3k | - | - | - | - | - |
| Tangible fixed assets22/27 | €587 | €101 | - | - | €3k | - |
| Furniture and vehicles24 | €201 | €101 | - | - | €3k | - |
| Other tangible fixed assets26 | €385 | - | - | - | - | - |
| Current assets29/58 | €144k | €225k | €232k | €209k | €113k | ▼ 46.0% |
| Stocks and contracts in progress3 | €120k | €213k | €219k | €121k | €54k | ▼ 55.5% |
| Stocks30/36 | €120k | €213k | €219k | €121k | €54k | ▼ 55.5% |
| Amounts receivable within one year40/41 | €6k | €6k | €4k | €3k | €3k | ▼ 8.0% |
| Trade receivables40 | €6k | €6k | €4k | €3k | €3k | ▼ 8.0% |
| Cash at bank and in hand54/58 | €15k | €4k | €6k | €80k | €51k | ▼ 36.1% |
| Deferred charges and accrued income490/1 | €4k | €1k | €2k | €4k | €5k | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €225k | €232k | €209k | €116k | ▼ 44.4% |
| Equity10/15 | €51k | €41k | €52k | €81k | €26k | ▼ 67.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €30k | €20k | €32k | €61k | €6k | ▼ 90.7% |
| Amounts payable17/49 | €97k | €184k | €180k | €127k | €90k | ▼ 29.5% |
| Amounts payable after more than one year17 | €4k | €4k | €4k | €4k | €4k | = |
| Financial debts170/4 | €4k | €4k | €4k | €4k | €4k | = |
| Amounts payable within one year42/48 | €93k | €178k | €176k | €124k | €86k | ▼ 30.4% |
| Financial debts43 | - | €41k | €12k | €8k | - | - |
| Other loans439 | - | €41k | €12k | €8k | - | - |
| Trade debts44 | €4k | €8k | €4k | €3k | €2k | ▼ 22.8% |
| Suppliers440/4 | €4k | €8k | €4k | €3k | €2k | ▼ 22.8% |
| Advances received on contracts in progress46 | - | - | €7k | €16k | - | - |
| Taxes, remuneration and social security45 | €9k | €11k | €19k | €27k | €5k | ▼ 80.7% |
| Taxes450/3 | €9k | €11k | €19k | €27k | €5k | ▼ 80.7% |
| Other amounts payable47/48 | €81k | €118k | €134k | €70k | €79k | ▲ 12.8% |
| Accrued charges and deferred income492/3 | €207 | €2k | €207 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €-10k | €11k | €29k | €-55k | ▼ 289% |
| + Depreciation and write-downs630 | €4k | €4k | €101 | - | €36 | - |
| Operating cash flow (approximation) | €33k | €-6k | €11k | €29k | €-55k | ▼ 289% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-11k | €2k | €74k | €-29k | ▼ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Resignations: MARRONE ELISEO (director) and MARRONE ELIA (director)Appointment: MARRONE ROMAN (administrateur à la gestion journalière) · Director discharge · Power of attorney11 facts ▸
State Gazette act
Resignations: MARRONE ELISEO (director) and MARRONE ELIA (director)
Appointment: MARRONE ROMAN (administrateur à la gestion journalière) · Director discharge · Power of attorney11 facts ▸
- General meeting, 01-08-2026
- Director resignation, MARRONE ELISEO (director)
- Director resignation, MARRONE ELIA (director)
- Director discharge, MARRONE ELISEO
- Director discharge, MARRONE ELIA
- Director appointment, MARRONE ROMAN (administrateur à la gestion journalière)
- Power of attorney, MARRONE ROMAN
- Shareholding, propriétaire de 1000 actions
- Shareholding, propriétaire de 1001 actions
- Shareholding, propriétaire de 1001 actions
- Shareholding, représentant la totalité des actions
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €29k ▲161%
Operating result €41k, net result €29k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
MARRONE ROMAN
CurrentAdministrateur à la gestion journalière · since 01-08-2026
01-08-2026
MARRONE ROMAN: Appointed as Administrateur à la gestion journalière
01-08-2026
MARRONE ELIA: Resigned as Director
01-08-2026
MARRONE ELISEO: Resigned as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1991
Ground area
69 m²
Building footprint
46 m²
Volume, LiDAR
440 m³
Parcel 62812C0023/00Z000, Wallonia · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARTEC SCRL
since 19912.052.044.304
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62812C0023/00Z000 | Wallonia | 69 m² | 1 · 46 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-08-2026 ↗
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 345 companies in sector 47812 we hold annual accounts for 205. 71 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47812Retail trade
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.