ACTIVE

MARTINAGE

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Financial year 2023 · closed on 31/03/2023

Net result

-443,1 €

-123.8% YoY

Gross margin

-443,1 €

-117.9% YoY

Equity

-1,9 k €

-46.4% YoY

What does MARTINAGE do?

MARTINAGE is a Public limited company incorporated in 1994. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.471.148

Incorporation

29/03/1994

Legal form

Public limited company

Registered office

Avenue Louise 390
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2023

Joint committees (1)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-443,1 €	-118%	2,5 k €	+899%	248,4 €	-93.4%	3,8 k €	+320%	-1,7 k €	-110%	17,1 k €	-18.1%	20,8 k €	+10.9%	18,8 k €	-43.1%	33,1 k €	-15.4%	39,1 k €	-31.6%	57,1 k €	+87.9%	30,4 k €	+211%	9,8 k €	+15.8%	8,4 k €	+230%	-6,5 k €
EBITDA	-443,1 €	-121%	2,1 k €	+2252%	-99,1 €	-103%	3 k €	+246%	-2,1 k €	-112%	16,6 k €	-18.5%	20,4 k €	+16.9%	17,5 k €	-45.3%	31,9 k €	+116%	14,7 k €	-48.6%	28,7 k €	-1.5%	29,1 k €	+244%	8,5 k €	+50.0%	5,7 k €	+171%	-8 k €
Operating result	-443,1 €	-121%	2,1 k €	+2252%	-99,1 €	-105%	2,1 k €	+193%	-2,3 k €	-114%	16,5 k €	-6.9%	17,7 k €	+20.9%	14,6 k €	-49.2%	28,7 k €	+405%	5,7 k €	-71.7%	20,1 k €	-11.3%	22,6 k €	+937%	2,2 k €	+408%	-709 €	+91.5%	-8,3 k €
Net result	-443,1 €	-124%	1,9 k €	+1447%	-138,3 €	-107%	1,9 k €	+180%	-2,4 k €	-115%	16,4 k €	-28.3%	22,9 k €	+61.1%	14,2 k €	-57.0%	33 k €	+567%	5 k €	-75.3%	20 k €	-10.7%	22,4 k €	+972%	2,1 k €	+359%	-807,8 €	+90.5%	-8,5 k €
Balance sheet
Equity	-1,9 k €	-46.4%	-1,3 k €	-35.7%	-944,5 €	-17.2%	-806,1 €	+70.3%	-2,7 k €	-710%	-335 €	+98.0%	-16,7 k €	+57.8%	-39,6 k €	+26.4%	-53,8 k €	+38.0%	-86,8 k €	+5.4%	-91,7 k €	+17.9%	-111,8 k €	+16.7%	-134,2 k €	+19.8%	-167,3 k €	-0.5%	-166,5 k €
Total assets	2,3 k €	-89.2%	21,7 k €	+94.1%	11,2 k €	+220%	3,5 k €	+78.4%	2 k €	-73.1%	7,3 k €	+45.5%	5 k €	-45.9%	9,3 k €	-9.3%	10,2 k €	-26.4%	13,9 k €	-52.8%	29,4 k €	+5.2%	27,9 k €	+0.0%	27,9 k €	-18.7%	34,3 k €	+381%	7,1 k €
Cash	28,8 €	-57.0%	67 €	-86.0%	479,6 €	0.0%	479,6 €	-21.4%	610 €	+25.5%	486 €	+26.9%	383 €	-20.5%	482 €	-37.2%	768,1 €	+13.1%	679 €	-70.8%	2,3 k €	+558%	354,1 €	-72.5%	1,3 k €	-55.9%	2,9 k €	+383%	605,3 €
Debts	4,2 k €	-81.6%	23 k €	+89.6%	12,1 k €	+182%	4,3 k €	-7.9%	4,7 k €	-38.7%	7,6 k €	-64.9%	21,7 k €	-53.8%	47 k €	-24.4%	62,2 k €	-38.2%	100,7 k €	-16.9%	121,1 k €	-13.3%	139,7 k €	-13.8%	162,1 k €	-19.6%	201,6 k €	+16.1%	173,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2023 · 1 active · 18 ended

Active mandates

Jean Pierre LETOURNEUR

Managing director

Active

Ended mandates

Jean Pierre LETOURNEUR

Managing director · since 07 décembre 2017 · until 06 décembre 2023

Ended

Olivier Martinage

Director · since 01 octobre 2015 · until 01 octobre 2021

Ended

Colette Van Caeneghem

Managing director · since 27 septembre 2011 · until 26 septembre 2017

Ended

Colette Van Caeneghem

Managing director · since 27 septembre 2011 · until 30 juin 2023

Ended

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Annual accounts

Full financial information

	2023	2021	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/04/2022	01/04/2020	01/04/2018	01/04/2017	01/04/2016	01/04/2015
Closing of the financial year	31/03/2023	31/03/2021	31/03/2019	31/03/2018	31/03/2017	31/03/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/11/2023	30/11/2021	15/12/2019	29/12/2018	30/10/2017	19/12/2016
General meeting	28/09/2023	29/09/2021	29/09/2019	20/09/2018	20/09/2017	06/09/2016
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2023	28/09/2023	30/11/2023	French	PDF
Micro model	31/03/2021	29/09/2021	30/11/2021	French	PDF
Micro model	31/03/2019	29/09/2019	15/12/2019	French	PDF
Micro model	31/03/2018	20/09/2018	29/12/2018	French	PDF
Micro model	31/03/2017	20/09/2017	30/10/2017	French	PDF
Abridged model	31/03/2016	06/09/2016	19/12/2016	French	PDF
Abridged model	31/03/2015	01/09/2015	30/09/2015	French	PDF
Abridged model	31/03/2014	02/09/2014	14/10/2014	French	PDF
Abridged model	31/03/2013	30/09/2013	29/10/2013	French	PDF
Abridged model	31/03/2012	04/09/2012	25/09/2012	French	PDF
Abridged model	31/03/2011	26/09/2011	31/10/2011	French	PDF
Abridged model	31/03/2010	28/09/2010	26/10/2010	French	PDF
Abridged model	31/03/2009	01/09/2009	29/09/2009	French	PDF
Abridged model	31/03/2008	08/09/2008	25/09/2008	French	PDF
Abridged model	31/03/2007	03/09/2007	20/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2023 · 1 active · 18 ended

Active mandates

Jean Pierre LETOURNEUR

Managing director

Active

Ended mandates

Jean Pierre LETOURNEUR

Managing director · since 07 décembre 2017 · until 06 décembre 2023

Ended

Olivier Martinage

Director · since 01 octobre 2015 · until 01 octobre 2021

Ended

Colette Van Caeneghem

Managing director · since 27 septembre 2011 · until 26 septembre 2017

Ended

Colette Van Caeneghem

Managing director · since 27 septembre 2011 · until 30 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/04/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/12/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023-443,1 €↓
2021
Annual accounts 20211,9 k €↑
2019
Annual accounts 2019-138,3 €↓
2018
Annual accounts 20181,9 k €↑
2017
Annual accounts 2017-2,4 k €↓
2016
Annual accounts 201616,4 k €↓
2015
Annual accounts 201522,9 k €↑
2014
Annual accounts 201414,2 k €↓
2013
Annual accounts 201333 k €↑
2012
Annual accounts 20125 k €↓
2011
Annual accounts 201120 k €↓
2010
Annual accounts 201022,4 k €↑
2009
Annual accounts 20092,1 k €↑
2008
Annual accounts 2008-807,8 €↑
2007
Annual accounts 2007-8,5 k €
29/03/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MARTINAGE

Overview

What does MARTINAGE do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline