OPENING OF BANKRUPTCY

MARTIAL CORE

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Financial year 2024 · closed on 31/12/2024

Net result

-71,6 k €

-2605.0% YoY

Revenue

573,3 k €

-32.7% YoY

Equity

-60,8 k €

-662.5% YoY

Workforce

3,9 ETP

-17.0% YoY

Company — Opening of bankruptcy.

What does MARTIAL CORE do?

MARTIAL CORE is a Private limited company incorporated in 2005. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Woluwe-Saint-Lambert. It employs on average 3,9 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0875.528.037

Incorporation

11/08/2005

Legal form

Private limited company

Registered office

Boulevard de la Woluwe 70 box 21
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

3,9 ETP

Activities (NACE)

47711Retail sale of clothing in specialised stores· main 47711Retail sale of clothing in specialised stores 51421Air transport 46423Wholesale of clothing and footwear 46423Wholesale of clothing and footwear 47511Retail sale of textiles in specialised stores+4

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	573,3 k €	-32.7%	851,3 k €	-3.7%	883,7 k €	+17.2%	753,8 k €	+49.4%	504,5 k €	+0.6%	501,7 k €	+611%	70,5 k €	+1467%	4,5 k €		–		–		–		–		46,2 k €	-3.3%	47,7 k €		–		–		46,6 k €	+11.4%	41,8 k €		–
EBITDA	-61,7 k €	-887%	7,8 k €	-58.7%	19 k €	+144%	7,8 k €	+46.4%	5,3 k €	-20.8%	6,7 k €	+42.4%	4,7 k €	+166%	-7,2 k €	-737%	-856,8 €	-267%	513,7 €	+162%	196,3 €	-66.0%	577,1 €	+122%	-2,6 k €	-124%	10,7 k €	+1314%	-877,6 €	-115%	5,7 k €	+159%	-9,7 k €	-191%	10,7 k €	+467%	-2,9 k €
Operating result	-61,7 k €	-887%	7,8 k €	-16.5%	9,4 k €	+9884%	-96 €	-102%	5,3 k €	+32.2%	4 k €	-14.7%	4,7 k €	+166%	-7,2 k €	-737%	-856,8 €	-267%	513,7 €	+162%	196,3 €	-66.0%	577,1 €	+122%	-2,6 k €	-124%	10,7 k €	+1066%	-1,1 k €	-121%	5,3 k €	+148%	-11,1 k €	-218%	9,4 k €	+321%	-4,2 k €
Net result	-71,6 k €	-2605%	2,9 k €	-38.8%	4,7 k €	+248%	-3,2 k €	-483%	825 €	-63.1%	2,2 k €	-45.6%	4,1 k €	+157%	-7,2 k €	-648%	-958,2 €	-355%	376,1 €	+780%	42,7 €	-46.4%	79,7 €	+102%	-4,2 k €	-160%	7 k €	+302%	-3,4 k €	-224%	2,8 k €	+119%	-14,8 k €	-329%	6,4 k €	+218%	-5,5 k €
Balance sheet
Equity	-60,8 k €	-663%	10,8 k €	+36.0%	7,9 k €	+142%	3,3 k €	-49.1%	6,4 k €	+14.7%	5,6 k €	+66.1%	3,4 k €	+564%	-729,2 €	-111%	6,4 k €	-12.9%	7,4 k €	+5.4%	7 k €	+0.6%	7 k €	+1.2%	6,9 k €	-37.8%	11,1 k €	+168%	4,2 k €	-45.3%	7,6 k €	+57.4%	4,8 k €	-75.4%	19,6 k €	+313%	4,7 k €
Total assets	255 k €	+9.4%	233,1 k €	+2.8%	226,7 k €	+39.3%	162,8 k €	-16.5%	195 k €	+56.3%	124,7 k €	+211%	40,1 k €		–		21,5 k €	-12.9%	24,7 k €	-8.5%	27 k €	-11.6%	30,5 k €	-15.5%	36,1 k €	-19.6%	45 k €	-15.4%	53,1 k €	+66.5%	31,9 k €	-42.6%	55,6 k €	-18.5%	68,2 k €	+32.6%	51,4 k €
Cash	–		13,6 k €	-52.0%	28,3 k €	+699%	3,5 k €	-71.6%	12,5 k €	+39.3%	9 k €	+102%	4,4 k €		–		530 €	-51.1%	1,1 k €	+29.2%	838,1 €	+93.6%	432,8 €	-88.3%	3,7 k €	-26.1%	5 k €	+115%	2,3 k €		–		100 €		–		1,6 k €
Debts	315,7 k €	+42.0%	222,3 k €	+1.6%	218,7 k €	+37.1%	159,5 k €	-15.4%	188,5 k €	+58.3%	119,1 k €	+698%	14,9 k €	+1946%	729,2 €	-95.2%	15,1 k €	-12.9%	17,3 k €	-13.3%	20 k €	-15.2%	23,6 k €	-19.4%	29,2 k €	-13.6%	33,8 k €	-30.9%	49 k €	+109%	23,4 k €	-52.5%	49,3 k €	+1.4%	48,6 k €	+4.1%	46,7 k €
Other
Workforce	3,9 ETP	-17.0%	4,7 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 11 ended

Active mandates

VALENTINE SZAVA

Mandate

Active

Ended mandates

JULIEN ART

Manager · since 15 janvier 2010

Ended

KEVIN PARIZEL

Manager · since 15 janvier 2010

Ended

CHRISTOPHE CANAVESE

Manager · since 27 juillet 2005 · until 15 janvier 2010

Ended

CHRISTOPHE CANAVESE

Manager · since 27 juillet 2005

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2025	08/07/2024	21/06/2023	26/07/2022	27/07/2021	24/07/2020
General meeting	13/06/2025	19/06/2024	16/06/2023	30/06/2022	30/06/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/06/2025	24/06/2025	French	PDF
Abridged model	31/12/2023	19/06/2024	08/07/2024	French	PDF
Micro model	31/12/2022	16/06/2023	21/06/2023	French	PDF
Micro model	31/12/2021	30/06/2022	26/07/2022	French	PDF
Micro model	31/12/2020	30/06/2021	27/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	24/07/2020	French	PDF
Micro model	31/12/2018	14/06/2019	05/07/2019	French	PDF
Micro model	31/12/2017	30/06/2018	18/09/2018	French	PDF
Micro model	31/12/2016	09/06/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	08/08/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	13/08/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	22/07/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	19/10/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	29/08/2007	French	PDF

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 31/12/2023 · 1 active · 11 ended

Active mandates

VALENTINE SZAVA

Mandate

Active

Ended mandates

JULIEN ART

Manager · since 15 janvier 2010

Ended

KEVIN PARIZEL

Manager · since 15 janvier 2010

Ended

CHRISTOPHE CANAVESE

Manager · since 27 juillet 2005 · until 15 janvier 2010

Ended

CHRISTOPHE CANAVESE

Manager · since 27 juillet 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office24/02/2023
SIEGE SOCIAL
PDF
Registered office22/03/2022
SIEGE SOCIAL
PDF
Registered office25/05/2021
SIEGE SOCIAL
PDF
Registered office15/02/2019
SIEGE SOCIAL
PDF
Mandates22/08/2018
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

2024
Annual accounts 2024-71,6 k €↓
2023
Annual accounts 20232,9 k €↓
2022
Annual accounts 20224,7 k €↑
2021
Annual accounts 2021-3,2 k €↓
2020
Annual accounts 2020825 €↓
2019
Annual accounts 20192,2 k €↓
2018
Annual accounts 20184,1 k €↑
2017
Annual accounts 2017-7,2 k €↓
2016
Annual accounts 2016-958,2 €↓
2015
Annual accounts 2015376,1 €↑
2014
Annual accounts 201442,7 €↓
2013
Annual accounts 201379,7 €↑
2012
Annual accounts 2012-4,2 k €↓
2011
Annual accounts 20117 k €↑
2010
Annual accounts 2010-3,4 k €↓
2009
Annual accounts 20092,8 k €↑
2008
Annual accounts 2008-14,8 k €↓
2007
Annual accounts 20076,4 k €↑
2006
Annual accounts 2006-5,5 k €
11/08/2005
IncorporationPrivate 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

MARTIAL CORE

Overview

What does MARTIAL CORE do?

Trend over 19 financial years

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