Equity
€7.2m ▲ 13.4%
De Maerteleire has made a profit in every financial year since 2006.
De Maerteleire
Lifetime
19 annual accounts with figures on one time axis, 49 filings since 1977peak €15.2m (2024)
€13.2m▼ 13.3%
peak €1.0m (2024)
€851,056▼ 17.2%
peak €7.2m (2025)
€7.2m▲ 13.4%
€4.4m▲ 1.6%
peak 43.5 FTE (2014)
38.5 FTE▼ 1.3%
Board4 names since 2019
1 directorDe Maerteleire,Jeffrey Antoine Gilbert
Owners
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Turnover from €15.2m to €13.2mReappointment: FIGURAD Bedrijfsrevisoren (statutory auditor) 24-02Equity from €6.4m to €7.2m
Key points
from the 2025 annual accountsStaff
43 employees on 31-12-2025
In 2025, 17 people joined and 13 left. On top of that, 1.5 agency workers worked there on average.
Payment terms
65 days to suppliers
De Maerteleire pays its suppliers 2 days later than in 2024. Customers pay 42 days later.
Checked score
95
Excellent
Financially stronger than 62% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points 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 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.43, cash €2.3m
Founded in 1968
Size: turnover €13.2m, 38.5 FTE, total assets €12.1m
Equity €7.2m (59.8% of total assets)
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 43, small). It does better than 78% of them on solvency, 81% on liquidity, 46% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as De Maerteleire has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of De Maerteleire itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for De Maerteleire. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.43 (3.18 in 2024), above the usual 1.5. Short-term debt is 24.1% and cash 19% of total assets. 40.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
1 day early
2023
58 days late
2022
25 days late
2021
3 days early
2020
30 days late
2019
59 days late
← 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 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- De Maerteleire Investment Company 99.89%score 95equity €11.1m (2026) · 31-03-2026 annual accounts of De Maerteleire Investment Company
Shares in 2 companies, Demafim and 3 Dots
Board & ownershipRecent changes
Security firm approval (camera systems) renewed
Decision of 03-07-2026, published on 04-11-2026
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0400136876
Reappointment: FIGURAD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Erik Bauwelinck · General meeting of 29-10-2024 · Gazette deed
Permanent representatives: Erik Bauwelinck and Ann Van Vlaenderen
General meeting of 25-08-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| De Maerteleire Merelbeke-Melle | €13.2m | 9.2% | 59.8% | 38.5 |
| TEIN TECHNOLOGY Schaerbeek | €15.2m | 2.1% | 38.0% | 40.9 |
| CALLEWAERT Harelbeke | €21.8m | 5.5% | 60.0% | 43.2 |
| Etablissements Verhulst Soumagne | €14.0m | 27.1% | 52.0% | 42.9 |
| Etablissements Henneaux frères, Entreprises Générales d'Electricité Saint-Hubert | €12.3m | 5.7% | 76.2% | 53.2 |
| VANSANT J.V. ELECTRICITEITSBEDRIJF Westerlo | €12.2m | 6.7% | 83.1% | 46.5 |
| Belloy Elektrotechniek Sint-Katelijne-Waver | €13.1m | 16.2% | 61.2% | 52 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as De Maerteleire: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €7.6m and €12m, founded between 1954 and 1974.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- General electrical installation workNACE 43211
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.005.950.7939820 Merelbeke-Melle, since 01-09-1963
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Annual accounts 2025
- €12.1m▲ 7.7%
- Employeeson 31-12-2025
- 43▲ 10.3%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on De Maerteleire
De Maerteleire has existed since 1968. Turnover grew from €8.7m in 2006 to €13.2m in 2025.
De Maerteleire Investment Company holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about De Maerteleire
- What is the company number of De Maerteleire?
- The company number of De Maerteleire is 0400.136.876. The VAT number is the same number with BE in front: BE 0400.136.876.
- Where is De Maerteleire based?
- The registered office is at Industriepark 4B, 9820 Merelbeke-Melle.Company details
- What does De Maerteleire do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of De Maerteleire?
- De Maerteleire is a public limited company (NV).
- When was De Maerteleire founded?
- De Maerteleire was founded on 01-01-1968.
- Is De Maerteleire still active?
- Yes, De Maerteleire is an active enterprise in the KBO register.
- How many employees does De Maerteleire have?
- De Maerteleire had an average of 38.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does De Maerteleire fall under?
- In its 2025 annual accounts, De Maerteleire states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of De Maerteleire?
- The turnover of De Maerteleire was €13.2m in financial year 2025, according to the filed annual accounts.
- Is De Maerteleire profitable?
- In financial year 2025, De Maerteleire made a profit of €851,056.
- Where can I find the annual accounts of De Maerteleire?
- De Maerteleire filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of De Maerteleire due?
- De Maerteleire must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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