ACTIVE

MARTIAL SQUARE

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Financial year 2025 · closed on 31/12/2025
Net result
-5,5 k €
-1.4% YoY
Gross margin
-717,7 €
-0.4% YoY
Equity
-190,6 k €
-3.0% YoY

What does MARTIAL SQUARE do?

MARTIAL SQUARE is a Private company with limited liability incorporated in 2011. Its main activity is: Operation of sports facilities. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0841.132.629
Incorporation
17/11/2011
Legal form
Private company with limited liability
Registered office
Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital
26 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
93110Operation of sports facilities· main93110Operation of sports facilities
Joint committees (1)
  • 218
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin-717,7 €-715,1 €-2,6 k €-1,6 k €38,9 k €-973 €3 k €-8,6 k €-4,3 k €-6,6 k €-11,8 k €-7,4 k €-11,4 k €-5,8 k €
EBITDA-1,6 k €-1,5 k €-4,2 k €-28,7 k €24,8 k €-13,6 k €-16,6 k €-16,6 k €-5,1 k €-7,4 k €-12,6 k €-8,4 k €-12,3 k €-16,1 k €
Operating result-1,6 k €-1,5 k €-4,4 k €-31,6 k €20,2 k €-18,4 k €-21,4 k €-21,4 k €-10,4 k €-15,4 k €-20,4 k €-16,2 k €-19,9 k €-22,1 k €
Net result-5,5 k €-5,4 k €-7,8 k €-35,3 k €16,6 k €-22,2 k €-24,2 k €-22,7 k €-11,6 k €-16,6 k €-21,4 k €-17,2 k €-20,8 k €-22,7 k €
Balance sheet
Equity-190,6 k €-185,1 k €-179,7 k €-171,9 k €-136,6 k €-153,3 k €-131,1 k €-106,9 k €-84,2 k €-72,5 k €-56 k €-34,5 k €-17,3 k €-16,5 k €
Total assets148,9 €1,9 k €2,9 k €16,9 k €50,9 k €11,2 k €16,6 k €24 k €25 k €33,2 k €37,8 k €42,5 k €53,2 k €52,5 k €
Cash75,1 €169,4 €75,9 €15,3 k €1,8 k €1,2 k €2,7 k €5,3 k €1,1 k €4,2 k €2 k €641,4 €5 k €2,7 k €
Debts190,7 k €187 k €182,6 k €188,8 k €186,3 k €161,5 k €144,8 k €130,9 k €109,1 k €105,7 k €93,7 k €77 k €70,5 k €69 k €
Other
Workforce––0,8 ETP–––0,7 ETP0,5 ETP0,0 ETP0,0 ETP0,0 ETP0,0 ETP0,0 ETP0,4 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

LAURENT MINGUET

Manager · since 01 janvier 2013

Active
FLORENT MINGUET

Manager · since 17 novembre 2011

Active

Ended mandates

LAURENT MINGUET

Manager · since 17 novembre 2011

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202628/08/202529/08/202429/08/202325/08/202224/08/2021
General meeting25/05/202626/05/202527/05/202429/05/202330/05/202231/05/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/05/202628/08/2026FrenchPDF
Abridged model31/12/202426/05/202528/08/2025FrenchPDF
Abridged model31/12/202327/05/202429/08/2024FrenchPDF
Micro model31/12/202229/05/202329/08/2023FrenchPDF
Micro model31/12/202130/05/202225/08/2022FrenchPDF
Micro model31/12/202031/05/202124/08/2021FrenchPDF
Abridged model31/12/201925/05/202005/10/2020FrenchPDF
Abridged model31/12/201827/05/201922/08/2019FrenchPDF
Abridged model31/12/201728/05/201830/07/2018FrenchPDF
Abridged model31/12/201622/05/201725/07/2017FrenchPDF
Abridged model31/12/201523/05/201629/07/2016FrenchPDF
Abridged model31/12/201425/05/201529/07/2015FrenchPDF
Abridged model31/12/201326/05/201430/07/2014FrenchPDF
Abridged model31/12/201227/05/201330/07/2013FrenchPDF
Estimate

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.

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 31/12/2025 · 2 active · 1 ended

Active mandates

LAURENT MINGUET

Manager · since 01 janvier 2013

Active
FLORENT MINGUET

Manager · since 17 novembre 2011

Active

Ended mandates

LAURENT MINGUET

Manager · since 17 novembre 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares20/09/2013
    CAPITAL, ACTIONS
    PDF
  • Mandates18/02/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/11/2011
    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 2025-5,5 k €↓
  2. 2025
    Name changeMASQ
  3. 2024
    Annual accounts 2024-5,4 k €↑
  4. 2023
    Annual accounts 2023-7,8 k €↑
  5. 2022
    Annual accounts 2022-35,3 k €↓
  6. 2021
    Annual accounts 202116,6 k €↑
  7. 2021
    Name changeMARTIAL SQUARE
  8. 2020
    Annual accounts 2020-22,2 k €↑
  9. 2019
    Annual accounts 2019-24,2 k €↓
  10. 2018
    Annual accounts 2018-22,7 k €↓
  11. 2017
    Annual accounts 2017-11,6 k €↑
  12. 2016
    Annual accounts 2016-16,6 k €↑
  13. 2015
    Annual accounts 2015-21,4 k €↓
  14. 2014
    Annual accounts 2014-17,2 k €↑
  15. 2013
    Annual accounts 2013-20,8 k €↑
  16. 2012
    Annual accounts 2012-22,7 k €
  17. 17/11/2011
    IncorporationPrivate company with limited liability