ACTIVE

MARTCO

Financial year 2025 · closed on 30/09/2025
Net result
94 k €
+113.7% YoY
Gross margin
131,7 k €
+69.6% YoY
Equity
551,1 k €
+20.6% YoY

What does MARTCO do?

MARTCO is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Mouscron.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0543.720.236
Incorporation
02/01/2014
Legal form
Private limited company
Registered office
Rue de Menin 20 box A11
7700 Mouscron · WallonieSee on map
Contributed capital
20 460,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin131,7 k €77,7 k €356,1 k €83,1 k €63,8 k €85,4 k €72,3 k €65,4 k €39,3 k €100,3 k €22,1 k €
EBITDA130,9 k €76,4 k €355 k €82 k €62,4 k €83,9 k €67,9 k €62,9 k €17,8 k €69,3 k €20,4 k €
Operating result130,1 k €64,2 k €343 k €70 k €49,1 k €60,2 k €43,9 k €38,9 k €4,5 k €61,4 k €19,6 k €
Net result94 k €44 k €328,3 k €48,1 k €31,6 k €41,6 k €21,9 k €19,4 k €-4 k €43,4 k €14,4 k €
Balance sheet
Equity551,1 k €457,2 k €463,2 k €234,9 k €174,4 k €142,8 k €101,3 k €79,4 k €60 k €64 k €20,6 k €
Total assets598,1 k €704,6 k €741,7 k €708,7 k €693,3 k €563,1 k €580,8 k €604,8 k €599,2 k €465,3 k €131,8 k €
Cash217,5 k €10,9 k €9,7 k €21,6 k €9,7 k €12 k €7,2 k €5 k €36 k €11,5 k €
Debts46,9 k €247,5 k €278,5 k €473,8 k €518,9 k €420,2 k €479,6 k €525,5 k €539,2 k €401,3 k €111,3 k €
Other
Workforce2,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

PHILIPPE MARTENS

Director · since 27 décembre 2013

Active
STEPHANIE CODRON

Director · since 27 décembre 2013

Active

Ended mandates

PHILIPPE MARTENS

Manager · since 27 décembre 2013

Ended
STEPHANIE CODRON

Manager · since 27 décembre 2013

Ended
At this address

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La FraternelleActive
0401.240.104
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Mvh CareActive
1039.381.130
P.C.D. CHIMIELiquidation
0419.009.019
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TEXIUMBankrupt
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Trans4BeneluxBankrupt
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ZAHIOUDActive
0798.401.753
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202629/04/202512/04/202422/03/202318/03/202226/03/2021
General meeting03/03/202604/03/202505/03/202407/03/202301/03/202202/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202503/03/202629/04/2026FrenchPDF
Abridged model30/09/202404/03/202529/04/2025FrenchPDF
Abridged model30/09/202305/03/202412/04/2024FrenchPDF
Abridged model30/09/202207/03/202322/03/2023FrenchPDF
Abridged model30/09/202101/03/202218/03/2022FrenchPDF
Abridged model30/09/202002/03/202126/03/2021FrenchPDF
Abridged model30/09/201903/03/202017/03/2020FrenchPDF
Abridged model30/09/201805/03/201921/03/2019FrenchPDF
Abridged model30/09/201706/03/201826/03/2018FrenchPDF
Abridged model30/09/201607/03/201729/03/2017FrenchPDF
Abridged model30/09/201501/03/201624/03/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 30/09/2025 · 2 active · 2 ended

Active mandates

PHILIPPE MARTENS

Director · since 27 décembre 2013

Active
STEPHANIE CODRON

Director · since 27 décembre 2013

Active

Ended mandates

PHILIPPE MARTENS

Manager · since 27 décembre 2013

Ended
STEPHANIE CODRON

Manager · since 27 décembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office19/05/2025
    SIEGE SOCIAL
    PDF
  • Mandates11/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office23/08/2017
    SIEGE SOCIAL
    PDF
  • Other13/01/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202594 k €
  2. 2024
    Annual accounts 202444 k €
  3. 2023
    Annual accounts 2023328,3 k €
  4. 2022
    Annual accounts 202248,1 k €
  5. 2021
    Annual accounts 202131,6 k €
  6. 2020
    Annual accounts 202041,6 k €
  7. 2019
    Annual accounts 201921,9 k €
  8. 2018
    Annual accounts 201819,4 k €
  9. 2017
    Annual accounts 2017-4 k €
  10. 2016
    Annual accounts 201643,4 k €
  11. 2015
    Annual accounts 201514,4 k €
  12. 02/01/2014
    IncorporationPrivate limited company