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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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MARTENS - PUTMAN from Wortegem-Petegem, company number BE0450417322, closed financial year 2025 with a result of € -3,193 after tax. For that financial year MARTENS - PUTMAN recorded a gross margin of € 37,629 and equity of € 13,137. Compared with financial year 2024, the result moved from € 8,317 to € -3,193. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 13,137
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,193
▼ still € 8,317 profit in 2024
Profit after tax over the fiscal year.
€ 2
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6,937.
People and assets in 2025
€ 42,227
▼ 37% vs 2024
Of which on lease € 42,227.
Debts at end 2025
€ 66,731
▼ 8% vs 2024
€ 19,224 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4,671
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,656
▲ 142% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,524 | € 15,597 | € 50,586 | € 37,629 | ▼ 26% |
| Profit after taxes | € -7,440 | € -7,917 | € 8,317 | € -3,193 | ▼ € 11,510 |
| Equity | € 15,930 | € 8,013 | € 16,330 | € 13,137 | ▼ 20% |
| Total debts | € 63,857 | € 89,169 | € 94,058 | € 94,067 | |
| Cash | € 2 | € 2 | € 2 | € 2 | |
| Retained profit | € 9,730 | € 1,813 | € 10,130 | € 6,937 | ▼ 32% |
| Bank debt | € 44,876 | € 66,478 | € 72,694 | € 66,731 | ▼ 8% |
| Balance sheet total | € 79,787 | € 97,182 | € 110,388 | € 107,203 | ▼ 3% |
Key figures of MARTENS - PUTMAN, 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 - PUTMAN?
What happened at MARTENS - PUTMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,193 (▼ € 11,510 vs 2024). filed late Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,440 loss in 2022 to € 3,193 loss in 2025.
Paid € 14,021 in corporate taxes since 2022.
Best year ever: 2024, with € 8,317 profit.
Management
Behind MARTENS - PUTMAN are STEVEN MARTENS and CARINE PUTMAN.
Directors
According to the 2025 annual accounts
STEVEN MARTENS
Director
CARINE PUTMAN
Director
Establishments
Establishment units
Physical locations of this company
Kasteelstraat (W.) 16
9790 Wortegem-Petegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.417.322
- VAT number
- BE 0450.417.322
- Registered office
- Kasteelstraat (W.) 16, 9790 Wortegem-Petegem
- Names & denominations
- MARTENS - PUTMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 1993
- Peppol
- Not registered