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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARTRICK PROJECTS from Knokke-Heist, company number BE0733966237, closed financial year 2025 with a result of € 18,898 after tax. For that financial year MARTRICK PROJECTS recorded a gross margin of € 402,572 and equity of € 826,389. Compared with financial year 2024, the result moved from € 533,811 to € 18,898. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 826,389
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,898
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 829,867
▼ 82% 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 € 701,389.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 39,960
▲ 3% 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.
€ 125,214
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 million
▼ 54% vs 2024
€ 29,825 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 790,584
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 161,755
▼ 71% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 110,213 | € 146,249 | € 977,471 | € 402,572 | ▼ 59% |
| Profit after taxes | € 71,358 | € 67,567 | € 533,811 | € 18,898 | ▼ 96% |
| Equity | € 206,113 | € 273,680 | € 807,491 | € 826,389 | ▲ 2% |
| Total debts | € 762,330 | € 2,427,429 | € 9,555,419 | € 7,355,286 | ▼ 23% |
| Cash | € 690,812 | € 328,914 | € 4,687,907 | € 829,867 | ▼ 82% |
| Retained profit | € 81,113 | € 148,680 | € 682,491 | € 701,389 | ▲ 3% |
| Bank debt | € 0 | € 1,437,173 | € 6,112,404 | € 2,821,248 | ▼ 54% |
| Balance sheet total | € 968,443 | € 2,701,108 | € 10,362,910 | € 8,181,675 | ▼ 21% |
| Employees (FTE) | - | 0.6 | 0 | 0 |
Key figures of MARTRICK PROJECTS, 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 MARTRICK PROJECTS?
What happened at MARTRICK PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,898 (▼ 96% vs 2024). Source: NBB ↗
- Martine Koyen became a director. NBB
- Matthias Joris Christiaansen became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
- MARTRICK BENELUX BV became a director. NBB
In short
From € 71,358 profit in 2022 to € 18,898 profit in 2025.
Paid € 299,166 in corporate taxes since 2022.
Best year ever: 2024, with € 533,811 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MARTRICK BENELUX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARTRICK PROJECTSBehind MARTRICK PROJECTS are Matthias Joris Christiaansen, MARTRICK BENELUX BV and Martine Koyen. The shares are held by MARTRICK BENELUX (100%).
Directors
According to the 2025 annual accounts
since 2020
Director · represented by Patrick Christiaansen
since 2019
Martine Koyen
Director
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zeedijk-Het Zoute 832 box 23
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0733.966.237
- VAT number
- BE 0733.966.237
- Registered office
- Zeedijk-Het Zoute 832 bus 23, 8300 Knokke-Heist
- Names & denominations
- MARTRICK PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2019
- Peppol
- Active · Active since 19 May 2025
- Activities · NACE
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