What does MARTENS-COPANEX do?

MARTENS-COPANEX is a woodworking business in Wielsbeke. Private Limited, started on 10 December 2018, 1 establishment.

What is the address of MARTENS-COPANEX?

The registered office of MARTENS-COPANEX is located at Pannenstraat 4, 8710 Wielsbeke.

Is MARTENS-COPANEX still active?

Yes. According to the CBE (29 October 2026) MARTENS-COPANEX is active, legal situation “Normale toestand”, started on 10 December 2018.

Is MARTENS-COPANEX registered on Peppol?

Yes, MARTENS-COPANEX is registered on the Peppol network with ID 0208:0715627495.

What is the enterprise number of MARTENS-COPANEX?

The enterprise number of MARTENS-COPANEX is BE0715627495.

When was MARTENS-COPANEX founded?

MARTENS-COPANEX was founded on 10 December 2018.

Who are the directors of MARTENS-COPANEX?

According to the 2025 annual accounts, the directors of MARTENS-COPANEX are: Waltherus Martens.

Is MARTENS-COPANEX a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 December 2018; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MARTENS-COPANEX make in 2025?

MARTENS-COPANEX posted a profit after taxes of € 138,760 in financial year 2025.

What is the revenue of MARTENS-COPANEX?

As a small company, MARTENS-COPANEX is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,342,682.

How much does an employee at MARTENS-COPANEX earn?

The average wage cost per full-time employee at MARTENS-COPANEX was € 71,400 in 2025: staff costs of € 507,113 for 7.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MARTENS-COPANEX have?

According to the 2025 annual accounts, MARTENS-COPANEX has 7.1 full-time equivalents (FTE).

MARTENS-COPANEX (Private Limited) - Wielsbeke

Dossier MARTENS-COPANEX, printed on 29 October 2026 from databakkes.be/en/0715627495/martens-copanex. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MARTENS-COPANEX from Wielsbeke, company number BE0715627495, closed financial year 2025 with a result of € 138,760 after tax. For that financial year MARTENS-COPANEX recorded a gross margin of € 1.3 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 86,195 to € 138,760. 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 8, 2026.

What it is worth Growing

€ 2.2 million

▲ 7% vs 2024

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

Profit Growing

€ 138,760

▲ 61% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 131,491

▲ 96% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.6 million.

People and assets in 2025

Full-time equivalents

7.1

▼ 0.4 vs 2024

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

Wage cost

€ 507,113

▼ 4% vs 2024

€ 71,400 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

€ 1.3 million

▼ 3% vs 2024

Of which on lease € 1.2 million.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.7 million

▼ 1% vs 2024

€ 533,958 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 3.9 million

▲ 35% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 74,251

▼ 14% 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
Gross margin	€ 2,773,473 Gross margin 2022: € 2,773,473 First fiscal year in the series	€ 1,270,039 Gross margin 2023: € 1,270,039 ▼ 54% vs 2022 (€ 2,773,473) Unfavourable step	€ 1,366,903 Gross margin 2024: € 1,366,903 ▲ 8% vs 2023 (€ 1,270,039) Favourable step	€ 1,342,682 Gross margin 2025: € 1,342,682 ▼ 2% vs 2024 (€ 1,366,903) Unfavourable step	▼ 2%
Profit after taxes	€ 1,294,319 Profit after taxes 2022: € 1,294,319 First fiscal year in the series	€ 58,910 Profit after taxes 2023: € 58,910 ▼ 95% vs 2022 (€ 1,294,319) Unfavourable step	€ 86,195 Profit after taxes 2024: € 86,195 ▲ 46% vs 2023 (€ 58,910) Favourable step	€ 138,760 Profit after taxes 2025: € 138,760 ▲ 61% vs 2024 (€ 86,195) Favourable step	▲ 61%
Equity	€ 1,949,053 Equity 2022: € 1,949,053 First fiscal year in the series	€ 2,007,963 Equity 2023: € 2,007,963 ▲ 3% vs 2022 (€ 1,949,053) Favourable step	€ 2,094,158 Equity 2024: € 2,094,158 ▲ 4% vs 2023 (€ 2,007,963) Favourable step	€ 2,232,918 Equity 2025: € 2,232,918 ▲ 7% vs 2024 (€ 2,094,158) Favourable step	▲ 7%
Total debts	€ 5,856,074 Total debts 2022: € 5,856,074 First fiscal year in the series	€ 5,885,011 Total debts 2023: € 5,885,011 Unchanged (€ 5,856,074) Unfavourable step	€ 6,162,083 Total debts 2024: € 6,162,083 ▲ 5% vs 2023 (€ 5,885,011) Unfavourable step	€ 7,063,564 Total debts 2025: € 7,063,564 ▲ 15% vs 2024 (€ 6,162,083) Unfavourable step	▲ 15%
Cash	€ 232,247 Cash 2022: € 232,247 First fiscal year in the series	€ 26,218 Cash 2023: € 26,218 ▼ 89% vs 2022 (€ 232,247) Unfavourable step	€ 66,933 Cash 2024: € 66,933 ▲ 155% vs 2023 (€ 26,218) Favourable step	€ 131,491 Cash 2025: € 131,491 ▲ 96% vs 2024 (€ 66,933) Favourable step	▲ 96%
Retained profit	€ 1,349,053 Retained profit 2022: € 1,349,053 First fiscal year in the series	€ 1,407,963 Retained profit 2023: € 1,407,963 ▲ 4% vs 2022 (€ 1,349,053) Favourable step	€ 1,494,158 Retained profit 2024: € 1,494,158 ▲ 6% vs 2023 (€ 1,407,963) Favourable step	€ 1,632,918 Retained profit 2025: € 1,632,918 ▲ 9% vs 2024 (€ 1,494,158) Favourable step	▲ 9%
Bank debt	€ 2,731,182 Bank debt 2022: € 2,731,182 First fiscal year in the series	€ 2,194,630 Bank debt 2023: € 2,194,630 ▼ 20% vs 2022 (€ 2,731,182) Favourable step	€ 2,723,974 Bank debt 2024: € 2,723,974 ▲ 24% vs 2023 (€ 2,194,630) Unfavourable step	€ 2,686,253 Bank debt 2025: € 2,686,253 ▼ 1% vs 2024 (€ 2,723,974) Favourable step	▼ 1%
Balance sheet total	€ 7,805,127 Balance sheet total 2022: € 7,805,127 First fiscal year in the series	€ 7,892,974 Balance sheet total 2023: € 7,892,974 ▲ 1% vs 2022 (€ 7,805,127) Unchanged	€ 8,256,241 Balance sheet total 2024: € 8,256,241 ▲ 5% vs 2023 (€ 7,892,974) Unchanged	€ 9,296,482 Balance sheet total 2025: € 9,296,482 ▲ 13% vs 2024 (€ 8,256,241) Unchanged	▲ 13%
Employees (FTE)	8 Employees (FTE) 2022: 8 First fiscal year in the series	7.2 Employees (FTE) 2023: 7.2 ▼ 0.8 vs 2022 (8) Unchanged	7.5 Employees (FTE) 2024: 7.5 ▲ 0.3 vs 2023 (7.2) Unchanged	7.1 Employees (FTE) 2025: 7.1 ▼ 0.4 vs 2024 (7.5) Unchanged	▼ 0.4

Key figures of MARTENS-COPANEX, 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-COPANEX?

What happened at MARTENS-COPANEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 8, 2026 New annual accounts for financial year 2025: profit of € 138,760 (▲ 61% vs 2024). Source: NBB ↗
Dec 10, 2018 New establishment in Wielsbeke. KBO
Dec 10, 2018 Start of the company according to the CBE. KBO

In short

From € 1.3 million profit in 2022 to € 138,760 profit in 2025.

Paid € 360,125 in corporate taxes since 2022.

Best year ever: 2022, with € 1.3 million profit.

On average € 189,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Waltherus Martens

MARTENS-COPANEX

MARTENS-COPANEX TRANSPORT

MARTENS-COPANEX ONROERENDE ZAAK

MCPP I

Behind MARTENS-COPANEX is Waltherus Martens. Waltherus Martens is also behind MARTENS-COPANEX TRANSPORT, MARTENS-COPANEX ONROERENDE ZAAK, MCPP I and MARTENS GREEN POWER BELGIË ONROEREND GOED.

Directors

According to the 2025 annual accounts

Waltherus Martens

Director

Also active at: MARTENS-COPANEX TRANSPORT, MARTENS-COPANEX ONROERENDE ZAAK, MCPP I, MARTENS GREEN POWER BELGIË ONROEREND GOED

Establishments

Establishment units

Physical locations of this company

Registered office

Pannenstraat 4

8710 Wielsbeke

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 →

MARTENS-COPANEX TRANSPORT same network

€ 907,717 gross margin · 2025

MARTENS-COPANEX ONROERENDE ZAAK same network

€ 465,699 gross margin · 2025

MARTENS - COPANEX WIELSBEKE

MCPP I same network

€ -4,014 gross margin · 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

0715.627.495

VAT number

BE 0715.627.495

Registered office

Pannenstraat 4, 8710 Wielsbeke

Names & denominations

MARTENS-COPANEX · Copanex

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

10 December 2018

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Zagen en schaven van hout

Groothandel in hout

Vervaardiging van andere artikelen van hout

View on CBE Public ↗ Annual accounts (NBB) ↗