E. MARTENS
ActiveSummary
E. MARTENS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €35,777. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203NACE 70203
1 site
How big
€11.0mtotal assets 2025
- Equity
- €4.8m
- Profit
- €35,777
Turnover not published (abridged schema)
Who decides
- Parent
- HOLDING DE EIK · 99.99%
- Board
- 1 member
Accounts 53 d early1 of 8 deeds read
Why 73+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-2
Solvency69▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.2 in 2024; short-term debt: 15% and cash: 0% of total assets), and 56.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.6%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
51 d early
2022
56 d early
2021
54 d early
2020
54 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointment: David De Loore Consulting BV…Permanent representative: David De Loore
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet €35,777 ▼79.2%
Financials
Fiscal year 2025Total assets €11.0mProfit €35,777Solvency 43.6%Liquidity 0.00
Total assets
€11.0m▼ 2.6%
2018 - 2025
Net result
€35,777▼ 79.2%
2018 - 2025
Equity
€4.8m▲ 0.8%
2018 - 2025
Solvency
43.6%▲ 1.4pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.5m▼ 55.5%€0.6m▲ 19.5%€0.4m▼ 30.5%€0.3m▼ 27.2%€0.1m▼ 48.9%
Net result€0.3mabove the sector's middle half▼ 57.0%€0.4mabove the sector's middle half▲ 17.9%€0.3mabove the sector's middle half▼ 34.1%€0.2mabove the sector's middle half▼ 32.3%€0.04mwithin the sector's middle half▼ 79.2%
Equity€3.9mabove the sector's middle half▲ 9.0%€4.3mabove the sector's middle half▲ 9.8%€4.6mabove the sector's middle half▲ 5.9%€4.8mabove the sector's middle half▲ 3.8%€4.8mabove the sector's middle half▲ 0.8%
Total assets€7.1mabove the sector's middle half▲ 3.8%€8.6mabove the sector's middle half▲ 21.6%€10.6mabove the sector's middle half▲ 23.0%€11.3mabove the sector's middle half▲ 6.3%€11.0mabove the sector's middle half▼ 2.6%
Debt€3.0m▼ 2.1%€4.1m▲ 38.6%€5.9m▲ 42.2%€6.4m▲ 8.7%€6.1m▼ 4.9%
Working capital-€0.4mbelow the sector's middle half-€0.8mbelow the sector's middle half▼ 85.3%-€1.7mbelow the sector's middle half▼ 121%-€0.9mbelow the sector's middle half▲ 47.6%-€1.6mbelow the sector's middle half▼ 82.5%
Solvency55.6%within the sector's middle half▲ 2.7pp50.2%within the sector's middle half▼ 5.4pp43.2%within the sector's middle half▼ 7.0pp42.2%within the sector's middle half▼ 1.0pp43.6%within the sector's middle half▲ 1.4pp
Current ratio0.51below the sector's middle half▼ 2.650.22below the sector's middle half▼ 0.290.12below the sector's middle half▼ 0.100.20below the sector's middle half▲ 0.080.00below the sector's middle half▼ 0.20
Return on assets (ROA)4.6%within the sector's middle half▼ 6.5pp4.5%within the sector's middle half▼ 0.1pp2.4%within the sector's middle half▼ 2.1pp1.5%within the sector's middle half▼ 0.9pp0.3%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.0m
Fixed assets
€11.0m ▼ 0.7%
Current assets
€5,322 ▼ 97.6%
Equity and liabilities €11.0m
Equity
€4.8m ▲ 0.8%
Provisions
€107,671 ▼ 13.3%
Debt
€6.1m ▼ 4.9%
Debt's share of the balance-sheet total falls from 56.7% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€926,449▲
2024 · €828,215
Cash flow
€814,327▲
2024 · €711,137
Debt to equity
1.27▼
2024 · 1.35
ROE
0.7%▼
2024 · 3.6%
Interest coverage
8.49▼
2024 · 15.47
Debt ≤ 1 year
€1.6m▲
2024 · €1.1m
Debt > 1 year
€4.4m▼
2024 · €5.3m
Income taxes
€19,535▼
2024 · €80,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.004m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.2m | €0.4m | €0.5m | €0.8m | ▲ 44.4% |
| Other operating charges640/8 | €0.09m | €0.07m | €0.07m | €0.09m | €0.09m | ▲ 3.2% |
| Non-recurring operating charges66A | - | €0.02m | - | - | - | - |
| Gross operating margin9900 | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 11.1% |
| Operating profit (loss)9901 | €0.5m | €0.6m | €0.4m | €0.3m | €0.1m | ▼ 48.9% |
| Financial income75/76B | - | €395 | - | - | - | - |
| Recurring financial income75 | - | €395 | - | - | - | - |
| Financial charges65/66B | €0.04m | €0.06m | €0.06m | €0.05m | €0.1m | ▲ 104% |
| Recurring financial charges65 | €0.04m | €0.06m | €0.06m | €0.05m | €0.1m | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.5m | €0.3m | €0.2m | €0.04m | ▼ 83.5% |
| Transfer from deferred taxes780 | €0.003m | €0.005m | €0.02m | €0.02m | €0.02m | = |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 75.6% |
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.3m | €0.2m | €0.04m | ▼ 79.2% |
| Transfer from tax-exempt reserves789 | €0.008m | €0.01m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.4m | €0.3m | €0.2m | €0.09m | ▼ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €8.6m | €10.6m | €11.3m | €11.0m | ▼ 2.6% |
| Fixed assets21/28 | €6.7m | €8.4m | €10.4m | €11.1m | €11.0m | ▼ 0.7% |
| Tangible fixed assets22/27 | €6.7m | €8.4m | €10.4m | €11.1m | €11.0m | ▼ 0.7% |
| Land and buildings22 | €6.2m | €8.3m | €8.2m | €10.5m | €11.0m | ▲ 4.8% |
| Assets under construction and advance payments27 | €0.5m | €0.08m | €2.2m | €0.6m | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | - | - | - | - |
| Current assets29/58 | €0.4m | €0.2m | €0.2m | €0.2m | €0.005m | ▼ 97.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | - | - |
| Trade receivables40 | €0.04m | - | - | - | - | - |
| Other amounts receivable41 | €0.2m | €0.2m | €0.2m | €0.2m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.02m | €0.008m | €0.004m | €0.005m | ▲ 44.2% |
| Deferred charges and accrued income490/1 | - | - | €0.006m | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €8.6m | €10.6m | €11.3m | €11.0m | ▼ 2.6% |
| Equity10/15 | €3.9m | €4.3m | €4.6m | €4.8m | €4.8m | ▲ 0.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 12.9% |
| Non-distributable reserves130/1 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 13.3% |
| Profit (loss) carried forward14 | €3.3m | €3.7m | €4.1m | €4.3m | €4.4m | ▲ 2.0% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 13.3% |
| Deferred taxes168 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 13.3% |
| Amounts payable17/49 | €3.0m | €4.1m | €5.9m | €6.4m | €6.1m | ▼ 4.9% |
| Amounts payable after more than one year17 | €2.1m | €3.1m | €3.9m | €5.3m | €4.4m | ▼ 15.9% |
| Financial debts170/4 | €2.1m | €3.1m | €3.9m | €5.3m | €4.4m | ▼ 15.9% |
| Amounts payable within one year42/48 | €0.8m | €1.0m | €2.0m | €1.1m | €1.6m | ▲ 46.6% |
| Current portion of amounts payable after more than one year42 | €0.4m | €0.6m | €0.6m | €0.7m | €0.8m | ▲ 26.2% |
| Trade debts44 | €0.4m | €0.09m | €0.004m | €0.4m | €0.08m | ▼ 79.3% |
| Suppliers440/4 | €0.4m | €0.09m | €0.004m | €0.4m | €0.08m | ▼ 79.3% |
| Taxes, remuneration and social security45 | €0.01m | €0.02m | €0.02m | €0.02m | - | - |
| Taxes450/3 | €0.01m | €0.02m | €0.02m | €0.02m | - | - |
| Other amounts payable47/48 | - | €0.3m | €1.3m | €0.08m | €0.7m | ▲ 867% |
| Accrued charges and deferred income492/3 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.3m | €0.2m | €0.04m | ▼ 79.2% |
| + Depreciation and write-downs630 | €0.3m | €0.2m | €0.4m | €0.5m | €0.8m | ▲ 44.4% |
| Operating cash flow (approximation) | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 14.5% |
| Investment in fixed assets (approximation) | - | -€1.9m | -€2.4m | -€1.2m | -€0.7m | ▲ 41.9% |
| Change in cash | - | -€0.2m | -€0.01m | -€0.004m | €0.002m | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 12,040 companies in this sector we hold annual accounts for 6,007. 2,714 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 directorParent HOLDING DE EIK · 99.99%
Directors
Directors
1 director, last change in 2026
Board 1
David De Loore Consulting BV
CurrentDirector · since 17-09-2026 · Legal entity · perm. rep.: David De Loore
Permanent representatives 1
David De Loore
CurrentPermanent representative · since 17-09-2026 · for David De Loore Consulting BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| David De Loore Consulting BV |
|
Structure & network
Owners and holdings
1 ownerChain of control
- HOLDING DE EIK
- E. MARTENS
Highest known parent: HOLDING DE EIK. The sources do not say who stands above it.
Owners 1
- HOLDING DE EIKparent99.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Timeline
14 eventsLatest 17-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Appointment: David De Loore Consulting BV (director)Permanent representative: David De Loore3 facts ▸
State Gazette act
Appointment: David De Loore Consulting BV (director)
Permanent representative: David De Loore3 facts ▸
- General meeting, 26-08-2026
- Director appointment, David De Loore Consulting BV (director)
- Permanent representative, David De Loore (permanent representative)
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €35,777 ▼79.2%
Net result drops to €35,777, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €760,124 ▲121%
Operating result €1.1m, net result €760,124, both a record.
31-12
Financial
Liquidity times 16current ratio 3.16
Current ratio from 0.20 to 3.16; short-term debt falls from €647,118 to €510,249.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Company details
Public limited company · founded 10-02-2003Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded10-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479511778
Also
9925:BE0479511778
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 17-09-2026
Read from the deeds: 1 provision, deed of 17-09-2026
Sites & property
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 2003
Ground area
2.1 ha
Building footprint
1.1 ha
Volume, LiDAR
80,531 m³
Parcel 11040D0530/00G000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Hoogmolendijk 4, 2900 Schoten
since 2003unit no. 2.126.459.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0530/00G000 | Flanders | 2.1 ha | 1 · 1.1 ha | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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