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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARTEAU & CO from Glabbeek, company number BE0451699801, closed financial year 2025 with a result of € -4,627 after tax. For that financial year MARTEAU & CO recorded a gross margin of € 199,816 and equity of € -52,775. Compared with financial year 2024, the result moved from € 4,205 to € -4,627. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ -52,775
▼ € 4,627 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,627
▼ still € 4,205 profit in 2024
Profit after tax over the fiscal year.
€ 29,483
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -71,375.
People and assets in 2025
€ 175,115
▲ 38% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 56,418
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 114,150
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,589
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 121,309 | € 137,559 | € 153,876 | € 199,816 | ▲ 30% |
| Profit after taxes | € 16,999 | € 11,112 | € 4,205 | € -4,627 | ▼ € 8,833 |
| Equity | € -63,465 | € -52,353 | € -48,147 | € -52,775 | ▼ € 4,627 |
| Total debts | € 276,101 | € 267,579 | € 358,924 | € 418,297 | ▲ 17% |
| Cash | € 331 | € 32,212 | € 39,010 | € 29,483 | ▼ 24% |
| Land & buildings | € 3,532 | € 2,355 | € 1,177 | - | |
| Retained profit | € -82,065 | € -70,953 | € -66,747 | € -71,375 | ▼ € 4,627 |
| Bank debt | € 3,417 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 212,636 | € 215,226 | € 310,776 | € 365,522 | ▲ 18% |
Key figures of MARTEAU & 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 MARTEAU & CO?
What happened at MARTEAU & CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,627 (▼ € 8,833 vs 2024). filed late Source: NBB ↗
- New establishment in Glabbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,999 profit in 2022 to € 4,627 loss in 2025.
Best year ever: 2022, with € 16,999 profit.
Management
Behind MARTEAU & CO is Michel MARTEAU.
Directors
According to the 2025 annual accounts
Michel MARTEAU
Director
Establishments
Establishment units
Physical locations of this company
Ruiterij 5
3380 Glabbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.699.801
- VAT number
- BE 0451.699.801
- Registered office
- Ruiterij 5, 3380 Glabbeek
- Names & denominations
- MARTEAU & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1994
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Boomkwekerijen
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