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 24 % 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
P. DEMARTHE from Thuin, company number BE0474891412, closed financial year 2025 with a result of € 22,142 after tax. For that financial year P. DEMARTHE recorded a gross margin of € 77,501 and equity of € 32,229. Compared with financial year 2024, the result moved from € 20,978 to € 22,142. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 32,229
▲ 220% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,142
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 25,825
▲ 110% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 13,781.
People and assets in 2025
€ 32,737
▼ 20% vs 2024
Of which on lease € 31,091.
Debts at end 2025
€ 99,758
▼ 14% vs 2024
€ 34,395 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 16,109
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,732
▲ 14% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,954 | € 66,744 | € 78,068 | € 77,501 | ▼ 1% |
| Profit after taxes | € 7,734 | € 24,730 | € 20,978 | € 22,142 | ▲ 6% |
| Equity | € -35,621 | € -10,892 | € 10,086 | € 32,229 | ▲ 220% |
| Total debts | € 222,584 | € 181,513 | € 179,623 | € 174,635 | ▼ 3% |
| Cash | € 1,020 | € 2,733 | € 12,269 | € 25,825 | ▲ 110% |
| Land & buildings | € 67,940 | € 63,200 | € 58,412 | € 53,624 | ▼ 8% |
| Retained profit | € -54,069 | € -29,339 | € -8,361 | € 13,781 | ▲ € 22,142 |
| Bank debt | € 144,444 | € 97,730 | € 115,877 | € 99,758 | ▼ 14% |
| Balance sheet total | € 186,963 | € 170,621 | € 189,710 | € 206,864 | ▲ 9% |
Key figures of P. DEMARTHE, 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 P. DEMARTHE?
What happened at P. DEMARTHE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,142 (▲ 6% vs 2024). Source: NBB ↗
- THOMAS BULLAERT became a director. NBB
- New establishment in Thuin. KBO
- PATRICIA DEMARTHE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,734 profit in 2022 to € 22,142 profit in 2025.
Paid € 25,346 in corporate taxes since 2022.
Best year ever: 2023, with € 24,730 profit.
Management
Behind P. DEMARTHE are THOMAS BULLAERT and PATRICIA DEMARTHE.
Directors
According to the 2025 annual accounts
THOMAS BULLAERT
Director
since 2018
PATRICIA DEMARTHE
Director
since 2001
Establishments
Establishment units
Physical locations of this company
Drève des Alliés(THN) 8
6530 Thuin
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
PLANETHOSTER-8 - PlanetHoster, CA
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0474.891.412
- VAT number
- BE 0474.891.412
- Registered office
- Drève des Alliés(THN) 8, 6530 Thuin
- Names & denominations
- P. DEMARTHE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2001
- Peppol
- Not registered
- Contact
- demarthe.be