MARTENS PASCAL
ActiveMARTENS PASCAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €-10k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 74% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-43
Solvency94▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.59 against 4.07 in 2023; short-term debt: 23.7% and cash: 36% of total assets), and 31.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
68.7%
Return on assets
-6.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
29 d early
2022
27 d early
2021
45 d early
2020
36 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€107k▼ 8.2%
2023 · €117k
2018: €110k
2019: €111k
2020: €102k
2021: €111k
2022: €117k
2023: €117k
2018 → 2024
Total assets
€156k▼ 6.9%
2023 · €168k
2018: €143k
2019: €195k
2020: €163k
2021: €162k
2022: €189k
2023: €168k
2018 → 2024
Net result
€-10k▼ 2,343%
2023 · €-393
2018: €4k
2019: €647
2020: €-8k
2021: €8k
2022: €7k
2023: €-393
2018 → 2024
Working capital
€96k▼ 6.7%
2023 · €103k
2018: €106k
2019: €105k
2020: €97k
2021: €102k
2022: €104k
2023: €103k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€102k-€111k▲ 8.3%€117k▲ 6.0%€117k▼ 0.3%€107k▼ 8.2%
Operating result€-7k-€9k€9k▼ 7.5%€2k▼ 80.3%€-7k
Net result€-8k-€8k€7k▼ 22.2%€-393€-10k▼ 2,343%
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 2024: a loss of €7k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156k
Fixed assets
€23k▼ 26.3%
Current assets
€133k▼ 2.4%
Equity and liabilities €156k
Equity
€107k▼ 8.2%
Debt
€49k▼ 4.1%
The debt ratio rises from 30.4% to 31.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€919▼
2023 · €10k
Cash flow
€-1k▼
2023 · €8k
Solvency
68.7%▼
2023 · 69.6%
Current ratio
3.59▼
2023 · 4.07
Quick ratio
2.12▼
2023 · 2.13
Debt / equity
0.46▲
2023 · 0.44
ROE
-8.9%▼
2023 · -0.3%
ROA
-6.1%▼
2023 · -0.2%
Interest coverage
0.42▼
2023 · 4.69
Debt
€49k▼
2023 · €51k
Debt ≤ 1 year
€37k▲
2023 · €33k
Debt > 1 year
€11k▼
2023 · €18k
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€168k€156k▼
Fixed assets21/28€32k€23k▼
Tangible fixed assets22/27€32k€23k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€1k€666▼
Furniture and vehicles24€26k€19k▼
Current assets29/58€136k€133k▼
Stocks and contracts in progress3€65k€54k▼
Stocks30/36€65k€54k▼
Amounts receivable within one year40/41€16k€21k▲
Trade receivables40€13k€19k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€54k€56k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€168k€156k▼
Equity10/15€117k€107k▼
Contributions10/11€6k€6k=
Reserves13€111k€101k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€13k€13k=
Distributable reserves133€96k€88k▼
Amounts payable17/49€51k€49k▼
Amounts payable after more than one year17€18k€11k▼
Financial debts170/4€18k€11k▼
Amounts payable within one year42/48€33k€37k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€9k€19k▲
Suppliers440/4€9k€19k▲
Taxes, remuneration and social security45€1k€714▼
Taxes450/3€944€714▼
Remuneration and social security454/9€84€0▼
Other amounts payable47/48€17k€11k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Non-recurring operating income76A€4k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€403€0▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€12k€5k▼
Operating profit (loss)9901€2k€-7k▼
Financial income75/76B€4€3▼
Recurring financial income75€4€3▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-393€-10k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-393€-10k▼
Profit (loss) for the period to be appropriated9905€-393€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-393€-10k▼
Transfer from equity791/2€393€10k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Wevelgem · 1 establishment unit since 2001
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.
Kroonstraat 88560 WevelgemGround area
774 m²
Building footprint
220 m²
Volume, LiDAR
1,008 m³
Parcel 34302B0164/00H005, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARTENS PASCAL
since 20012.095.290.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0164/00H005 | Flanders | 774 m² | 1 · 220 m² | 8.9 m · 2 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
Schauwvliege
BE 0714.945.131
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DECEUNINCK ENTERPRISE
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Sofko
BE 0567.855.321
Bredene · Eq €107k
BATHERMO
BE 0742.770.669
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ZKS PROJECTS
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Antwerpen · Eq €107k
Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 3,061 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2001
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.