Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARTENS PROJECTS from Brasschaat, company number BE0404654207, closed financial year 2025 with a result of € -321,096 after tax. For that financial year MARTENS PROJECTS recorded a gross margin of € 339,803 and equity of € 6.9 million. Compared with financial year 2024, the result moved from € -348,005 to € -321,096. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 6.9 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -321,096
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 145,113
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.8 million.
People and assets in 2025
2.3
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 224,370
▲ 27% vs 2024
€ 97,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 191,152
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 39,839
▲ € 36,578 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 80,462
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,285,537 | € 3,887,174 | € 206,993 | € 339,803 | ▲ 64% |
| Profit after taxes | € 1,492,319 | € 2,601,886 | € -348,005 | € -321,096 | ▲ € 26,909 |
| Equity | € 5,220,642 | € 9,994,261 | € 9,246,256 | € 6,925,159 | ▼ 25% |
| Total debts | € 1,679,264 | € 2,919,679 | € 2,929,556 | € 5,367,869 | ▲ 83% |
| Cash | € 287,078 | € 1,866,759 | € 168,035 | € 145,113 | ▼ 14% |
| Land & buildings | € 3,444,459 | € 4,486,159 | € 5,646,685 | € 9,442,614 | ▲ 67% |
| Retained profit | € 5,133,842 | € 9,845,461 | € 9,097,456 | € 6,776,359 | ▼ 26% |
| Dividend | € 0 | € 0 | € 400,000 | € 2,000,000 | ▲ € 1.6 million |
| Bank debt | € 1,555,848 | € 2,716,848 | € 2,716,848 | € 3,141,025 | ▲ 16% |
| Balance sheet total | € 7,537,654 | € 14,346,677 | € 13,562,025 | € 13,640,286 | ▲ 1% |
| Employees (FTE) | 1.7 | 2.4 | 2.5 | 2.3 | ▼ 0.2 |
Key figures of MARTENS PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MARTENS PROJECTS?
What happened at MARTENS PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AMVEST BV stepped down as director. NBB
- Alexander Martens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 321,096. Source: NBB ↗
- AMVEST BV became a director. NBB
- Alexander Martens became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Brasschaat. KBO
In short
From € 1.5 million profit in 2022 to € 321,096 loss in 2025.
Paid € 317,880 in corporate taxes since 2022.
Best year ever: 2023, with € 2.6 million profit.
On average € 147,700 of value added per employee in 2025.
Management
The stake of AMVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARTENS PROJECTSThe shares are held by AMVEST (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by André Martens
Also active at: MARPRO, VLASMEER, BOUWEN EN WONEN, GROND EN WONEN, Promocor, MARCOBO
since 2021 · until 2027
Alexander Martens
Managing director
Also active at: AMVEST, MARPRO, BOUWEN EN WONEN, GROND EN WONEN, MARCOBO
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Emmalei 1B
2930 Brasschaat
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0404.654.207
- VAT number
- BE 0404.654.207
- Registered office
- Emmalei 1B, 2930 Brasschaat
- Names & denominations
- MARTENS PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 22 Jan 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Ontwikkeling van residentiële bouwprojecten