What does MARTIN EN CO do?

MARTIN EN CO is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of MARTIN EN CO?

The registered office of MARTIN EN CO is located at Maasstraat 65, 2060 Antwerpen.

Is MARTIN EN CO still active?

Yes. According to the CBE (30 October 2026) MARTIN EN CO is active, legal situation “Normale toestand”, started on 1 January 1968.

Is MARTIN EN CO registered on Peppol?

Yes, MARTIN EN CO is registered on the Peppol network with ID 0208:0404900962.

What is the enterprise number of MARTIN EN CO?

The enterprise number of MARTIN EN CO is BE0404900962.

When was MARTIN EN CO founded?

MARTIN EN CO was founded on 1 January 1968.

Who are the directors of MARTIN EN CO?

According to the 2025 annual accounts, the directors of MARTIN EN CO are: Celine Mortier, Michael Martin.

Is MARTIN EN CO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MARTIN EN CO make in 2025?

MARTIN EN CO posted a profit after taxes of € 616,679 in financial year 2025.

What is the revenue of MARTIN EN CO?

In its most recent annual accounts (2025), MARTIN EN CO reported revenue of € 1,053,911.

How much does an employee at MARTIN EN CO earn?

The average wage cost per full-time employee at MARTIN EN CO was € 81,200 in 2025: staff costs of € 162,394 for 2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MARTIN EN CO have?

According to the 2025 annual accounts, MARTIN EN CO has 2 full-time equivalents (FTE).

MARTIN EN CO (Public Limited) - Antwerpen - BE0404900962

Dossier MARTIN EN CO, printed on 30 October 2026 from databakkes.be/en/0404900962/martin-en-co. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MARTIN EN CO from Antwerpen, company number BE0404900962, closed financial year 2025 with a result of € 616,679 after tax. For that financial year MARTIN EN CO recorded revenue of € 1.1 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 632,889 to € 616,679. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.

What it is worth Growing

€ 1.6 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 616,679

▼ 3% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 31,456

▲ 11% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 550,000 paid out

89 % of the profit went to the shareholders, mostly to ALPHA MARINE SYSTEMS (88 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 814,758 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 162,394

▲ 9% vs 2024

€ 81,200 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.

Vehicles and equipment

€ 4,438

▼ 81% vs 2024

Of which on lease € 2,368.

Debts at end 2025

Bank debt

€ 26,354

▲ 41% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 92,207

▲ 18% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.

Taxes and wages

€ 19,523

▲ 7% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 892,399 Revenue 2022: € 892,399 First fiscal year in the series	€ 934,105 Revenue 2023: € 934,105 ▲ 5% vs 2022 (€ 892,399) Favourable step	€ 1,005,487 Revenue 2024: € 1,005,487 ▲ 8% vs 2023 (€ 934,105) Favourable step	€ 1,053,911 Revenue 2025: € 1,053,911 ▲ 5% vs 2024 (€ 1,005,487) Favourable step	▲ 5%
Profit after taxes	€ 563,388 Profit after taxes 2022: € 563,388 First fiscal year in the series	€ 573,347 Profit after taxes 2023: € 573,347 ▲ 2% vs 2022 (€ 563,388) Favourable step	€ 632,889 Profit after taxes 2024: € 632,889 ▲ 10% vs 2023 (€ 573,347) Favourable step	€ 616,679 Profit after taxes 2025: € 616,679 ▼ 3% vs 2024 (€ 632,889) Unfavourable step	▼ 3%
Equity	€ 1,394,323 Equity 2022: € 1,394,323 First fiscal year in the series	€ 1,447,671 Equity 2023: € 1,447,671 ▲ 4% vs 2022 (€ 1,394,323) Favourable step	€ 1,530,559 Equity 2024: € 1,530,559 ▲ 6% vs 2023 (€ 1,447,671) Favourable step	€ 1,597,238 Equity 2025: € 1,597,238 ▲ 4% vs 2024 (€ 1,530,559) Favourable step	▲ 4%
Total debts	€ 2,272,491 Total debts 2022: € 2,272,491 First fiscal year in the series	€ 1,961,087 Total debts 2023: € 1,961,087 ▼ 14% vs 2022 (€ 2,272,491) Favourable step	€ 1,647,573 Total debts 2024: € 1,647,573 ▼ 16% vs 2023 (€ 1,961,087) Favourable step	€ 2,003,591 Total debts 2025: € 2,003,591 ▲ 22% vs 2024 (€ 1,647,573) Unfavourable step	▲ 22%
Cash	€ 38,370 Cash 2022: € 38,370 First fiscal year in the series	€ 4,551 Cash 2023: € 4,551 ▼ 88% vs 2022 (€ 38,370) Unfavourable step	€ 28,287 Cash 2024: € 28,287 ▲ € 23,736 vs 2023 (€ 4,551) Favourable step	€ 31,456 Cash 2025: € 31,456 ▲ 11% vs 2024 (€ 28,287) Favourable step	▲ 11%
Retained profit	€ 1,044,323 Retained profit 2022: € 1,044,323 First fiscal year in the series	€ 1,097,671 Retained profit 2023: € 1,097,671 ▲ 5% vs 2022 (€ 1,044,323) Favourable step	€ 1,180,559 Retained profit 2024: € 1,180,559 ▲ 8% vs 2023 (€ 1,097,671) Favourable step	€ 1,247,238 Retained profit 2025: € 1,247,238 ▲ 6% vs 2024 (€ 1,180,559) Favourable step	▲ 6%
Dividend	€ 520,000 Dividend 2022: € 520,000 First fiscal year in the series	€ 520,000 Dividend 2023: € 520,000 Unchanged (€ 520,000) Unchanged	€ 550,000 Dividend 2024: € 550,000 ▲ 6% vs 2023 (€ 520,000) Unchanged	€ 550,000 Dividend 2025: € 550,000 Unchanged (€ 550,000) Unchanged
Bank debt	€ 282,389 Bank debt 2022: € 282,389 First fiscal year in the series	€ 233,865 Bank debt 2023: € 233,865 ▼ 17% vs 2022 (€ 282,389) Favourable step	€ 18,739 Bank debt 2024: € 18,739 ▼ 92% vs 2023 (€ 233,865) Favourable step	€ 26,354 Bank debt 2025: € 26,354 ▲ 41% vs 2024 (€ 18,739) Unfavourable step	▲ 41%
Balance sheet total	€ 3,666,814 Balance sheet total 2022: € 3,666,814 First fiscal year in the series	€ 3,408,758 Balance sheet total 2023: € 3,408,758 ▼ 7% vs 2022 (€ 3,666,814) Unchanged	€ 3,178,132 Balance sheet total 2024: € 3,178,132 ▼ 7% vs 2023 (€ 3,408,758) Unchanged	€ 3,600,829 Balance sheet total 2025: € 3,600,829 ▲ 13% vs 2024 (€ 3,178,132) Unchanged	▲ 13%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	2 Employees (FTE) 2023: 2 Unchanged (2) Unchanged	2 Employees (FTE) 2024: 2 Unchanged (2) Unchanged	2 Employees (FTE) 2025: 2 Unchanged (2) Unchanged

Key figures of MARTIN EN CO, 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 MARTIN EN CO?

What happened at MARTIN EN CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Celine Mortier stepped down as director. NBB
2028 Michael Martin stepped down as director. NBB
Jul 23, 2026 New annual accounts for financial year 2025: profit of € 616,679 (▼ 3% vs 2024). Source: NBB ↗
Jan 1, 1968 Start of the company according to the CBE. KBO
May 1, 1956 New establishment in Antwerpen. KBO

In short

From € 563,388 profit in 2022 to € 616,679 profit in 2025.

Paid € 712 in corporate taxes since 2022.

Best year ever: 2024, with € 632,889 profit.

Paid out € 2.1 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ALPHA MARINE SYSTEMS 88.2%

M-Holding 11.8%

The stake of ALPHA MARINE SYSTEMS, M-Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MARTIN EN CO

Bogerd Martin (Dubai) Marine Equipment 100%

Bogerd Martin (Shanghai) Marine Electronic Technology Co 100%

Bogerd Martin Hong Kong 100%

Bogerd Martin Marine Hong Kong 100%

The shares are held by ALPHA MARINE SYSTEMS (88.2%) and M-Holding (11.8%). It owns 100% of Bogerd Martin (Dubai) Marine Equipment, 100% of Bogerd Martin (Shanghai) Marine Electronic Technology Co, 100% of Bogerd Martin Hong Kong, 100% of Bogerd Martin Marine Hong Kong, 100% of Bogerd Martin Hellas IKE and 99.8% of Bogerd Martin itself.

Directors

According to the 2025 annual accounts

Celine Mortier

Managing director

Also active at: ALPHA MARINE SYSTEMS, BOGERD MARTIN, M-Holding, MARINE SOFTWARE DEVELOPMENT, CEMO, LM Build

· until 2028

Michael Martin

Director

Also active at: MBBUILD

· until 2028

Shareholders

ALPHA MARINE SYSTEMS

88.2%

M-Holding

11.8%

Participations

Bogerd Martin (Dubai) Marine Equipment

100%

Bogerd Martin (Shanghai) Marine Electronic Technology Co

100%

Bogerd Martin Hong Kong

100%

Bogerd Martin Marine Hong Kong

100%

Bogerd Martin Hellas IKE

100%

Bogerd Martin

99.8%

Establishments

Establishment units

Physical locations of this company

Registered office

Maasstraat 65

2060 Antwerpen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

ALPHA MARINE SYSTEMS same network

BOGERD MARTIN same network

€ 7.9 million revenue · 2025

M-Holding same network

€ 105,000 revenue · 2025

MARINE SOFTWARE DEVELOPMENT same network

€ 826,830 revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0404.900.962

VAT number

BE 0404.900.962

Registered office

Maasstraat 65, 2060 Antwerpen

Names & denominations

MARTIN EN CO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Activiteiten van holdings

Holdings

Installatie van industriële machines, toestellen en werktuigen

Vervaardiging van andere elektrische apparatuur

Groothandel in meet-, controle- en navigatieinstrumenten

View on CBE Public ↗ Annual accounts (NBB) ↗

MARTIN EN CO

Financials

What happened to MARTIN EN CO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions