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Apotheek Martens

Active
Private limited companyfounded 1974active for 52 yearsSt.-Truidersteenweg 465, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0413.904.542
Summary

Apotheek Martens has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €485,964 and a net result of €10,059. Equity has been growing by about 9.3% per year since 2019. Its solvency ranks better than 37% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Official details

Source: KBO
Status
Active since 01-01-1974 Normal situation
Activity
Retail sale of pharmaceutical products NACE 47730
Joint committee
313 Paritair Comité voor de apotheken en tarificatiediensten · annual accounts 30-09-2022
Establishment unit
2.009.381.526 3840 Tongeren-Borgloon, since 01-01-1974
Financial year end
30 September
Peppol
Reachable since 03-12-2025

Board and ownership

Board
  • VP InvestDirector · since 01-05-2019 · permanent representative VERHEYEN Lieven Maria Guido Henri
Shareholders
  • VP Invest2025 annual accounts of VP Invest

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Annual accounts to 30-09-2025
Gross margin
€487,819
▼ 28.7%
Turnover
≈ €1.8m
estimated
Profit
€10,059
▼ 96.3%
Equity
€485,964
▲ 2.1%
Total assets
€1.9m
▲ 28.4%
Employees on 30-09-2025
8
▲ 33.3%
Score breakdownraises riskLiquidity: current ratio 1.54, cash €116,034, halvedSector: Retail trade (NACE 47)Equity €485,964 (25.3% of total assets)Profit of €10,059 (financial year 2025)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 38% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 50-7
equity 25.3% of total assets
Liquidity 34-13
short-term debt 47.6% · cash 6.0%
Profitability 46-45
return on assets 0.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.7 percentage points vs 03-2026highest value 05-2026: 0.8%● unchanged vs 04-2026highest value 06-2026: 0.8%● unchanged vs 05-2026highest value 07-2026: 0.8%● unchanged vs 06-2026highest value 08-2026: 0.8%● unchanged vs 07-2026highest value 09-2026: 0.8%● unchanged vs 08-2026highest value 10-2026: 0.8%● unchanged vs 09-2026highest value 11-2026: 0.8%● unchanged vs 10-2026highest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.59 in 2024), above the usual 1.5. Short-term debt is 47.6% and cash 6% of total assets. However, 74.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 41% of them on solvency, 31% on liquidity, 34% on profitability and 46% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.54, cash €116,034, halved
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Equity €485,964 (25.3% of total assets)
NBB · annual accounts
raises risk · Profit of €10,059 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
1 day early
2023
32 days early
2022
38 days early
2021
30 days early
2020
51 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €269,952 to €10,059 ▼ 96.3% View
  • Positive: 5th oldest company in Tongeren-Borgloon, Wholesale and retail trade sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €10,059 7 years View

Recent changes

  1. · Gazette deed Permanent representatives: Serge Premer and Lieven Verheyen
  2. · Gazette deed Change of role: VP INVEST, from manager to directorPermanent representative: VERHEYEN Lieven Maria Guido Henri
All 13 events

Comparable companies

These companies have the same main activity as Apotheek Martens: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €1.7m and €2.6m, founded between 1978 and 1987.

CompanyTotal assetsGross margin
Apotheek Martens Tongeren-Borgloon€1.9m€0.5m
APOTHEEK ANDRÉ DUMONT Maasmechelen€1.7m€0.5m
Apotheek Seurinck Ingelmunster€2.0m€0.6m
PHARMACIE XAVIER de LEVAL Spa€1.8m€0.5m
LUDAPHAR Beauvechain€1.9m€0.7m
APOTHEEK DE VOS Balen€2.0m€0.5m
Pharmacie DEMOULIN-CLAISSE Arlon€2.6m€0.6m
Full comparison

Key facts about Apotheek Martens

What is the company number of Apotheek Martens?
The company number of Apotheek Martens is 0413.904.542. The VAT number is the same number with BE in front: BE 0413.904.542.
Where is Apotheek Martens based?
The registered office is at St.-Truidersteenweg 465, 3840 Tongeren-Borgloon.Company details
What does Apotheek Martens do?
According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
What is the legal form of Apotheek Martens?
The legal form of Apotheek Martens is Private limited company (BV).
When was Apotheek Martens founded?
Apotheek Martens was founded on 01-01-1974.
Is Apotheek Martens still active?
Yes, Apotheek Martens is an active enterprise in the KBO register.
How many employees does Apotheek Martens have?
Apotheek Martens had an average of 6.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Apotheek Martens fall under?
In its 30-09-2022 annual accounts, Apotheek Martens states joint committee 313 (Paritair Comité voor de apotheken en tarificatiediensten).
What is the turnover of Apotheek Martens?
The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €487,819 and 47 comparable companies (NACE 477). It probably lies between €1.4m and €2.9m.
Is Apotheek Martens profitable?
In financial year 2025, Apotheek Martens made a profit of €10,059.
Where can I find the annual accounts of Apotheek Martens?
Apotheek Martens filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Apotheek Martens due?
Apotheek Martens must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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