Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 1.2 to 1.
Financials
Financial year 2025
MARTENS from Aalst, company number BE0474897152, closed financial year 2025 with a result of € 86,807 after tax. For that financial year MARTENS recorded a gross margin of € 244,407 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 20,237 to € 86,807. Profitable, and profit is growing. 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 January 30, 2026.
€ 1.4 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,807
▲ € 66,571 vs 2024
Profit after tax over the fiscal year.
€ 141,242
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 183,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 54,707
▲ 7% vs 2024
€ 54,700 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.
€ 13,167
▲ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 193,742
▲ 15% vs 2024
€ 17,457 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 136,786
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,087
▲ 219% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 206,457 | € 205,267 | € 98,999 | € 244,407 | ▲ 147% |
| Profit after taxes | € 77,662 | € 87,805 | € 20,237 | € 86,807 | ▲ € 66,571 |
| Equity | € 1,480,873 | € 1,501,677 | € 1,524,061 | € 1,428,491 | ▼ 6% |
| Total debts | € 198,477 | € 134,047 | € 499,789 | € 370,143 | ▼ 26% |
| Cash | € 286,123 | € 169,539 | € 333,648 | € 141,242 | ▼ 58% |
| Retained profit | € 760,873 | € 781,677 | € 801,914 | € 705,721 | ▼ 12% |
| Dividend | € 0 | € 67,000 | € 0 | € 183,000 | |
| Bank debt | € 45,209 | € 36,308 | € 168,731 | € 193,742 | ▲ 15% |
| Balance sheet total | € 1,679,349 | € 1,635,724 | € 2,023,850 | € 1,798,634 | ▼ 11% |
| Employees (FTE) | 1.1 | 1.2 | 1.1 | 1 | ▼ 0.1 |
Key figures of MARTENS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MARTENS?
What happened at MARTENS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 86,807 (▲ € 66,571 vs 2024). Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 77,662 profit in 2022 to € 86,807 profit in 2025.
Paid € 111,847 in corporate taxes since 2022.
Best year ever: 2023, with € 87,805 profit.
On average € 244,400 of value added per employee in 2025.
Management
Behind MARTENS are Geert Martens and Julie Martens. Geert Martens is also behind ANGEMAR and LIEVEST.
Establishments
Establishment units
Physical locations of this company
Vredeplein 10
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.897.152
- VAT number
- BE 0474.897.152
- Registered office
- Vredeplein 10, 9300 Aalst
- Names & denominations
- MARTENS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2001
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
Detailhandel in uurwerken en sieraden
Gespecialiseerde detailhandel in uurwerken en sieradenhorloges en sieraden