HOF MAERTENS
ActiveHOF MAERTENS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.86M and a net result of €1.07M. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency92=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 2.65 in 2024; short-term debt: 27.2% and cash: 60.2% of total assets), and 33.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
66.6%
Return on assets
38.5%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
124 d early
2022
33 d early
2021
23 d late
2020
20 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.86M▲ 25.8%
2024 · €1.48M
2018: €561k
2019: €756k
2020: €1.01M
2021: €1.55M
2022: €2.05M
2023: €2.05M
2024: €1.48M
2018 → 2025
Total assets
€2.79M▲ 27.5%
2024 · €2.19M
2018: €791k
2019: €1.05M
2020: €1.72M
2021: €2.46M
2022: €3.06M
2023: €3.10M
2024: €2.19M
2018 → 2025
Net result
€1.07M▲ 8.1%
2024 · €992k
2018: €241k
2019: €191k
2020: €257k
2021: €534k
2022: €602k
2023: €721k
2024: €992k
2018 → 2025
Working capital
€1.28M▲ 57.1%
2024 · €816k
2018: €417k
2019: €597k
2020: €463k
2021: €1.08M
2022: €1.55M
2023: €1.50M
2024: €816k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.55M-€2.05M▲ 32.5%€2.05M▼ 0.1%€1.48M▼ 27.9%€1.86M▲ 25.8%
Operating result€686k-€808k▲ 17.7%€983k▲ 21.7%€1.34M▲ 36.0%€1.46M▲ 9.2%
Net result€534k-€602k▲ 12.8%€721k▲ 19.7%€992k▲ 37.6%€1.07M▲ 8.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.79M
Fixed assets
€749k▼ 14.6%
Current assets
€2.04M▲ 55.8%
Equity and liabilities €2.79M
Equity
€1.86M▲ 25.8%
Debt
€932k▲ 31.1%
The debt ratio rises from 32.5% to 33.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.67M▲
2024 · €1.53M
Cash flow
€1.29M▲
2024 · €1.19M
Solvency
66.6%▼
2024 · 67.5%
Current ratio
2.69▲
2024 · 2.65
Quick ratio
2.64▲
2024 · 2.61
Debt / equity
0.50▲
2024 · 0.48
ROE
57.8%▼
2024 · 67.2%
ROA
38.5%▼
2024 · 45.4%
Interest coverage
55.12▲
2024 · 49.68
Debt
€932k▲
2024 · €711k
Debt ≤ 1 year
€759k▲
2024 · €494k
Debt > 1 year
€129k▼
2024 · €214k
Income taxes
€360k▲
2024 · €328k
Staff costs
€833k▲
2024 · €785k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.19M€2.79M▲
Fixed assets21/28€877k€749k▼
Intangible fixed assets21€1k€3k▲
Tangible fixed assets22/27€876k€746k▼
Land and buildings22€520k€441k▼
Plant, machinery and equipment23€238k€213k▼
Furniture and vehicles24€118k€93k▼
Current assets29/58€1.31M€2.04M▲
Stocks and contracts in progress3€23k€34k▲
Stocks30/36€23k€34k▲
Amounts receivable within one year40/41€79k€306k▲
Trade receivables40€26k€290k▲
Other amounts receivable41€53k€16k▼
Cash at bank and in hand54/58€1.20M€1.68M▲
Deferred charges and accrued income490/1€4k€20k▲
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.79M▲
Equity10/15€1.48M€1.86M▲
Contributions10/11€19k€19k=
Reserves13€1.46M€1.84M▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€1.45M€1.83M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€711k€932k▲
Amounts payable after more than one year17€214k€129k▼
Financial debts170/4€214k€129k▼
Amounts payable within one year42/48€494k€759k▲
Current portion of amounts payable after more than one year42€86k€86k=
Trade debts44€307k€314k▲
Suppliers440/4€307k€314k▲
Advances received on contracts in progress46€0€244k▲
Taxes, remuneration and social security45€98k€89k▼
Taxes450/3€11k€6k▼
Remuneration and social security454/9€87k€83k▼
Other amounts payable47/48€3k€26k▲
Accrued charges and deferred income492/3€3k€45k▲
Income statement
Code20242025
Remuneration, social security and pensions62€785k€833k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€194k€215k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€2.32M€2.51M▲
Operating profit (loss)9901€1.34M€1.46M▲
Financial income75/76B€14k€4k▼
Recurring financial income75€14k€4k▼
Financial charges65/66B€31k€30k▼
Recurring financial charges65€31k€30k▼
Profit (loss) for the period before taxes9903€1.32M€1.43M▲
Income taxes67/77€328k€360k▲
Profit (loss) for the period9904€992k€1.07M▲
Profit (loss) for the period to be appropriated9905€992k€1.07M▲
Appropriation of the result
Profit (loss) to be appropriated9906€992k€1.07M▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€1.56M€691k▼
Transfer to equity691/2€992k€1.07M▲
To other reserves6921€992k€1.07M▲
Profit to be distributed694/7€1.56M€691k▼
Return on contributions (dividend)694€1.56M€691k▼
Social balance
Average headcount (FTE)908717.217.8▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.07M ▲8.1%
Operating result €1.46M, net result €1.07M, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.05M ▲32.5%
5 profitable years in a row build equity to €2.05M.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
31-12
Financial
Equity above €1MEq €1.01M ▲34%
3 profitable years in a row build equity to €1.01M.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €191k ▼20.7%
Net result drops to €191k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 2 establishment units since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stalijzerstraat 208000 BruggeGround area
729 m²
Building footprint
489 m²
Volume, LiDAR
3,833 m³
3 parcels, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
SLAGERIJ MAERTENS
since 20002.100.677.926
Hof Maertens
since 20212.311.881.667
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0347/00G000 | Flanders | 260 m² | 1 · 115 m² | 10.6 m · 3 fl. |
| 31030A0168/00D011 | Flanders | 249 m² | 1 · 141 m² | 11.6 m · 1 fl. |
| 31802B0759/00E002 | Flanders | 219 m² | 1 · 234 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,698 EUR awarded · 1,698 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,176 EUR | 1,176 EUR |
| 2023 | 1 | 387 EUR | 387 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrugge2.100.677.926
Brugge2.311.881.667
Dual-learning approval
5 live approvals · 3 endedMedewerker slagerij (vwo)
Medewerker slagerij duaal (so)
Slagerij duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
Velga
BE 0425.729.238
Izegem · Eq €1.84M
NEW PARC
BE 0641.856.720
Mouscron · Eq €1.83M
RELLMAN FOODS
BE 0446.737.260
Waterloo · Eq €1.90M
DAMACHRISTINE
BE 0479.250.175
Bredene · Eq €1.77M
EL KAHINA
BE 0479.733.096
Grâce-Hollogne · Eq €1.96M
Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 534 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2000
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
52220
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.