MARTINUS-FERY

Active

Private limited companyfounded 201610 yrs activeRue du Sart-Tilman 384, 4031 Liège, BelgiumKBO/BCE: BE 0649.488.541

Summary

The computed 12-month bankruptcy probability of MARTINUS-FERY is 2.2% (moderate). The 2024 annual accounts show equity of €30k and a net result of €1k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 18941 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

62 / 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

Profitability70▼-2

Solvency59▼-4

Growth32=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 3.15 against 1.63 in 2023; short-term debt: 22.6% and cash: 15.4% of total assets), but 65.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

34.4%

Return on assets

1.2%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €30k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

161 d late

2022

30 d late

2021

31 d late

2020

31 d late

2019

69 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€1k▼ 44.3%

2023 · €2k

2018: €2k 2019: €5k 2020: €-19k 2021: €-9k 2022: €532 2023: €2k

2018 → 2024

Working capital

€43k▲ 171%

2023 · €16k

2018: €30k 2019: €33k 2020: €28k 2021: €22k 2022: €7k 2023: €16k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€35k-€27k▼ 24.9%€27k▲ 2.0%€29k▲ 7.2%€30k▲ 3.7%

Operating result€-12k-€-5k▲ 57.2%€2k€6k▲ 214%€2k▼ 67.2%

Net result€-19k-€-9k▲ 52.6%€532€2k▲ 267%€1k▼ 44.3%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 67% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €75k

16.4%

83.6%

Fixed assets €12k ▲ 20.2%

Current assets €63k ▲ 53.4%

Equity and liabilities €88k

34.4%

65.6%

Equity €30k ▲ 3.7%

Debt €58k ▲ 20.5%

Debt's share of the balance-sheet total rises from 62.2% to 65.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€23k▼

2023 · €24k

Cash flow

€22k▲

2023 · €20k

Current ratio

3.15▲

2023 · 1.63

Quick ratio

2.55▲

2023 · 1.07

Debt to equity

1.91▲

2023 · 1.65

ROE

3.6%▼

2023 · 6.7%

ROA

1.2%▼

2023 · 2.5%

Interest coverage

16.57▲

2023 · 6.58

Debt ≤ 1 year

€20k▼

2023 · €25k

Debt > 1 year

€13k▼

2023 · €23k

Income taxes

€697▼

2023 · €758

Staff costs

€93k▼

2023 · €99k

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 · 2024 against 2023 · 48 lines

Balance sheet Code20232024

Assets

Total assets20/58€77k€88k▲

Formation expenses20€26k€13k▼

Fixed assets21/28€10k€12k▲

Intangible fixed assets21€2k€1k▼

Tangible fixed assets22/27€8k€11k▲

Plant, machinery and equipment23€5k€4k▼

Furniture and vehicles24€3k€7k▲

Financial fixed assets28€120€120=

Current assets29/58€41k€63k▲

Stocks and contracts in progress3€14k€12k▼

Stocks30/36€14k€12k▼

Amounts receivable within one year40/41€15k€32k▲

Trade receivables40€15k€32k▲

Other amounts receivable41€21-

Cash at bank and in hand54/58€12k€14k▲

Deferred charges and accrued income490/1-€5k

Equity and liabilities

Total equity and liabilities10/49€77k€88k▲

Equity10/15€29k€30k▲

Contributions10/11€8k€8k=

Reserves13€20k€20k=

Tax-exempt reserves132€20k€20k=

Profit (loss) carried forward14€983€2k▲

Amounts payable17/49€48k€58k▲

Amounts payable after more than one year17€23k€13k▼

Financial debts170/4€23k€13k▼

Amounts payable within one year42/48€25k€20k▼

Current portion of amounts payable after more than one year42€2k€2k▼

Trade debts44-€2k

Suppliers440/4-€2k

Taxes, remuneration and social security45€23k€16k▼

Taxes450/3€13k€5k▼

Remuneration and social security454/9€10k€11k▲

Accrued charges and deferred income492/3-€25k

Income statement Code20232024

Remuneration, social security and pensions62€99k€93k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€20k▲

Other operating charges640/8€5k€5k▲

Gross operating margin9900€128k€121k▼

Operating profit (loss)9901€6k€2k▼

Financial income75/76B-€1k

Recurring financial income75-€1k

Financial charges65/66B€4k€1k▼

Recurring financial charges65€4k€1k▼

Profit (loss) for the period before taxes9903€3k€2k▼

Income taxes67/77€758€697▼

Profit (loss) for the period9904€2k€1k▼

Profit (loss) for the period to be appropriated9905€2k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€983€2k▲

Profit (loss) brought forward from the previous period14P€-968€983▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

08-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 161 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Back to profitnet €532

Net result €532 after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 31 days late

2020

31-12

Financial Weakest financial yearnet €-19k ▼451%

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

08-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 69 days late

2019

31-12

Financial Highest result since 2018net €5k ▲121%

Operating result €7k, net result €5k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 30 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Liège · 1 establishment unit since 2016

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.

Rue du Sart-Tilman 3844031 Liège

Ground area

1,127 m²

Building footprint

494 m²

Volume, LiDAR

6,447 m³

Parcel 62002C0893/00A000, Wallonia · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Poivre et Sel

Rue Sart-Tilman 384, 4031 LiègeLimited-service restaurants

since 20162.250.870.053

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62002C0893/00A000	Wallonia	1,127 m²	1 · 493 m²	16.3 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Liège2.250.870.053

1 permission

Toelating · Eetgelegenheid · since 12-04-2016

Similar companies · same sector, comparable size

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BE 0732.706.623

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CREA CORPORATE

BE 1007.057.067

Braine-l'Alleud · Eq €30,255

Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 1,947 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-02-2016

Fiscal year end31-12

Activities, NACEBEL 2025

56112Limited-service restaurants, excluding mobile food services

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.