MARTIN ASSOCIATES
0455.883.172 · rovalta.com · 27/09/2026
NORMAL SITUATION
MARTIN ASSOCIATES
Company — Normal situation.
Financial year 2025 · Closed on 15/09/2025
Net result-2,5 k €-106,3 %over 1 year
Gross margin-6 k €-109,9 %over 1 year
Equity309,8 k €-0,8 %over 1 year
Overview
Identity
Source · BCE/KBOMARTIN ASSOCIATES is a company registered in Belgium.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0455.883.172
- Legal form
- Private limited company
- Contributed capital
- 12 400,00 €
- Latest accounts
- 15/09/2025
Signals
Solid equityHealthy social debts
Financials
Source · NBB, 30 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -6 k € | -110% | 61,3 k € | -25.3% | 82,1 k € | -45.1% | 149,6 k € | +71.2% | 87,4 k € |
| EBITDA | -12,3 k € | -120% | 59,8 k € | -25.9% | 80,8 k € | -45.6% | 148,6 k € | +73.3% | 85,7 k € |
| Operating result | -12,3 k € | -123% | 54,3 k € | -30.0% | 77,7 k € | -47.7% | 148,6 k € | +73.3% | 85,7 k € |
| Net result | -2,5 k € | -106% | 40,3 k € | -31.0% | 58,4 k € | -43.5% | 103,3 k € | +55.3% | 66,5 k € |
| Balance sheet | |||||||||
| Equity | 309,8 k € | -0.8% | 312,3 k € | +14.8% | 272 k € | +27.3% | 213,7 k € | +88.4% | 113,4 k € |
| Total assets | 309,8 k € | -12.9% | 355,6 k € | +5.5% | 337,1 k € | +25.2% | 269,3 k € | +91.9% | 140,3 k € |
| Cash | 1,1 k € | +156% | 412,8 € | -97.0% | 13,6 k € | -62.0% | 35,8 k € | +6136% | 574,1 € |
| Debts | 0 € | -100% | 43 k € | -33.9% | 65 k € | +17.3% | 55,4 k € | +106% | 26,9 k € |
Board of directors
Source · NBB, accounts to 15/09/20251 active · 4 ended
Active mandates
| Director | Function | Mandate |
|---|---|---|
Michael Martin | Director | 29/03/2023 → 15/09/2025 |
Ended mandates
| Director | Function | Mandate |
|---|---|---|
Michael Martin | Director | since 29/03/2023 |
Michael Martin | Director | since 08/09/1995 |
Michael Martin | Director | |
MICHAEL MARTIN | Manager |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 15/09/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 9 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/05/2026 | 13/05/2025 | 18/07/2024 | 29/08/2023 | 19/07/2022 | 27/08/2021 |
| General meeting | 15/09/2025 | 29/04/2025 | 31/05/2024 | 26/05/2023 | 27/05/2022 | 28/05/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 30 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 15/09/2025 | 15/09/2025 | 29/05/2026 | French | |
| Micro model | 31/12/2024 | 29/04/2025 | 13/05/2025 | French | |
| Micro model | 31/12/2023 | 31/05/2024 | 18/07/2024 | French | |
| Micro model | 31/12/2022 | 26/05/2023 | 29/08/2023 | French | |
| Micro model | 31/12/2021 | 27/05/2022 | 19/07/2022 | French | |
| Micro model | 31/12/2020 | 28/05/2021 | 27/08/2021 | French | |
| Micro model | 31/12/2019 | 20/01/2020 | 21/01/2021 | French | |
| Micro model | 31/12/2018 | 24/05/2019 | 29/08/2019 | French | |
| Micro model | 31/12/2017 | 25/05/2018 | 30/08/2018 | French | |
| Micro model | 31/12/2016 | 26/05/2017 | 29/08/2017 | French | |
| Abridged model | 31/12/2015 | 27/05/2016 | 29/08/2016 | French | |
| Abridged model | 31/12/2014 | 29/05/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 30/05/2014 | 13/08/2014 | French | |
| Abridged model | 31/12/2012 | 31/05/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 25/05/2012 | 29/08/2012 | French | |
| Abridged model | 31/12/2010 | 27/05/2011 | 15/07/2011 | French | |
| Abridged model | 31/12/2009 | 28/05/2010 | 31/08/2010 | French | |
| Abridged model | 31/12/2008 | 29/05/2009 | 18/06/2009 | French | |
| Abridged model | 31/12/2007 | 30/05/2008 | 01/07/2008 | French | |
| Abridged model | 31/12/2006 | 25/05/2007 | 26/06/2007 | French | |
| Abridged model | 31/12/2005 | 26/05/2006 | 22/06/2006 | French | |
| Abridged model | 31/12/2004 | 27/06/2005 | 08/07/2005 | French | |
| Abridged model | 31/12/2003 | 30/06/2004 | 23/07/2004 | French | |
| Abridged model | 31/12/2002 | 07/07/2003 | 17/07/2003 | French | |
| Abridged model | 31/12/2001 | 31/05/2002 | 26/06/2002 | French | |
| Abridged model | 31/12/2000 | 25/05/2001 | 03/07/2001 | French | |
| Abridged model | 31/12/1999 | 26/05/2000 | 05/07/2000 | French | |
| Abridged model | 31/12/1998 | 31/05/1999 | 05/08/1999 | French | |
| Abridged model | 31/12/1997 | 29/05/1998 | 04/12/1998 | French | — |
| Abridged model | 31/12/1996 | 30/05/1997 | 05/08/1997 | French | — |
Valuation
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 15/09/20251 active · 4 ended
Active mandates
| Director | Function | Mandate |
|---|---|---|
Michael Martin | Director | 29/03/2023 → 15/09/2025 |
Ended mandates
| Director | Function | Mandate |
|---|---|---|
Michael Martin | Director | since 29/03/2023 |
Michael Martin | Director | since 08/09/1995 |
Michael Martin | Director | |
MICHAEL MARTIN | Manager |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official GazetteSimilar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2,5 k €↓
- 2024Annual accounts 202440,3 k €↓
- 2023Annual accounts 202358,4 k €↓
- 2022Annual accounts 2022103,3 k €↑
- 2021Annual accounts 202166,5 k €↑
- 2019Annual accounts 2019900 €↑
- 2018Annual accounts 2018-8,3 k €↓
- 2017Annual accounts 201710,5 k €↑
- 2016Annual accounts 20163,6 k €↓
- 2015Annual accounts 201513,8 k €↑
- 2014Annual accounts 20147,5 k €↓
- 2013Annual accounts 201333,6 k €↑
- 2012Annual accounts 2012-17,5 k €↓
- 2011Annual accounts 2011-7,6 k €↓
- 2010Annual accounts 201016,5 k €↑
- 2009Annual accounts 2009-6,9 k €↓
- 2008Annual accounts 20082,3 k €↑
- 2007Annual accounts 2007-468,9 €↓
- 2006Annual accounts 20064,9 k €