Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MARTIN FRERES from Liège, company number BE1001711080, closed financial year 2025 with a result of € 621,171 after tax. For that financial year MARTIN FRERES recorded a gross margin of € 3.6 million and equity of € 585,391. Compared with financial year 2024, the result moved from € -135,780 to € 621,171. Profitable, and profit is growing. 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 8, 2026.
€ 585,391
▲ € 621,171 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 621,171
▲ still € 135,780 loss in 2024
Profit after tax over the fiscal year.
€ 405,585
▼ 85% 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 € 485,391.
People and assets in 2025
€ 11,350
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.6 million
▼ 1% vs 2024
€ 93,147 is repaid this year. At this pace the long-term loan is gone in ≈ 60 years.
€ 272,655
▲ 155% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 177,733
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -13,373 | € 3,639,615 | ▲ € 3.7 million |
| Profit after taxes | € -135,780 | € 621,171 | ▲ € 756,951 |
| Equity | € -35,780 | € 585,391 | ▲ € 621,171 |
| Total debts | € 9,808,011 | € 6,883,036 | ▼ 30% |
| Cash | € 2,744,252 | € 405,585 | ▼ 85% |
| Land & buildings | € 1,174,653 | € 3,855,407 | ▲ 228% |
| Retained profit | € -135,780 | € 485,391 | ▲ € 621,171 |
| Bank debt | € 5,650,000 | € 5,597,087 | ▼ 1% |
| Balance sheet total | € 9,772,231 | € 7,468,427 | ▼ 24% |
Key figures of MARTIN FRERES, fiscal years 2024 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 MARTIN FRERES?
What happened at MARTIN FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NOSHAQ PARTNERS stepped down as director. NBB
- NOSHAQ IMMO SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 621,171. Source: NBB ↗
- New establishment in Liège. KBO
- NOSHAQ PARTNERS became a director. NBB
- NOSHAQ IMMO SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 135,780 loss in 2024 to € 621,171 profit in 2025.
Paid € 176,701 in corporate taxes since 2024.
Best year ever: 2025, with € 621,171 profit.
A new publication or filing at MARTIN FRERES? We notify you, reason included.
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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 NOSHAQ IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARTIN FRERESThe shares are held by NOSHAQ IMMO (100%).
Directors
According to the 2025 annual accounts
Director · represented by BRAUN Marie
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2023 · until 2029
Director · represented by NIZET Arnaud
Also active at: SOGECOM, Société d'Investissement du Bassin liégeois, LEANSQUARE, LE FIACRE, VAL SAINT-LAMBERT OFFICE PARK, THB IMMO, MEUSINVEST OSTBELGIENINVEST VENTURE EUROPE, SOCIETE DE GESTION DE FONDS IMMOBILIERS LIEGEOIS +17 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Lambert-Lombard 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →CAUTION MUTUELLE DES METIERS ET NEGOCES same network
SOGECOM same network
€ -151,456 gross margin · 2025
NOSHAQ
€ 9 million revenue · 2025
NOSHAQ IMMO same network
€ 2.6 million revenue · 2025
NOSHAQ VENTURE same network
€ 89,352 revenue · 2025
+30 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1001.711.080
- VAT number
- BE 1001.711.080
- Registered office
- Rue Lambert-Lombard 3, 4000 Liège
- Names & denominations
- MARTIN FRERES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2023
- Peppol
- Active · Active since 10 Oct 2025
- Contact
- [email protected] +3242211611
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen