MAARTEN CONSTRUCT
ActiveSummary
MAARTEN CONSTRUCT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.9m and a net result of €451,573. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 28% of 77 sector peers (NACE 82, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Other business support services
NACE 82990Manufacture of metal structures and parts of structures NACE 25110
2nd largest company by total assets in Sint-Gillis-Waas, Administrative and support services sector1 site
Size
€9.2mtotal assets 2026
- Staff
- 15 FTE
- Equity
- €1.9m
- Profit
- €451,573
Turnover not published (abbreviated format)
Structure
- Holdings
- 1
Accounts 67 days early1 of 6 deeds read
Why 86raises riskLiquidity: current ratio 1.12, cash €216,769, halvedEquity €1.9m (21.1% of total assets)lowers riskFigures for financial year 2026 (filed 25-08-2026)Profit of €451,573 (financial year 2026)Show the evidence
Checked score
Score 2026
86
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 82, small)
Financial strength · tick = 2025
Average
Solvency
46=
equity 21.1% of total assets
Liquidity
48-2
short-term debt 18.5% · cash 2.4%
Profitability
75+2
return on assets 4.9%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.6%▼ -0.1 percentage points vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.1 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.5%▼ -0.4 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.2 percentage points vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.12, compared with 1.27 in 2025, below the usual 1.5; short-term debt: 18.5% and cash: 2.4% of total assets), and 78.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 82, small): better than 29% on solvency, 41% on liquidity, 70% on profitability and 76% on growth.
The bankruptcy probability was computed on 14-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-08-2026, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
67 days early
2025
8 days early
2024
on the day
2023
on the day
2022
on the day
2020
1 day late
2019
32 days 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 15 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
15-10-2026 today31-03-2027 year end31-10-2027 deadline
- RestructuringAppointment: VRC BEDRIJFSREVISOREN (company auditor)…
- Annual accounts filedfinancial year 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2026, abbreviated format
In the rankings
#2 company by total assets in Sint-Gillis-Waas, Administrative and support services sector#3 company by equity in Sint-Gillis-Waas, Administrative and support services sector#4 company by staff growth in Sint-Gillis-Waas
Equity
€1.9m▲ 20.9%
2025 · €1.6m
Total assets
€9.2m▲ 23.1%
2025 · €7.5m
Net result
€451,573▲ 72.4%
2025 · €261,970
Working capital
€208,229▼ 52.5%
2025 · €438,158
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 7 financial years
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 74% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.8m
2026
Net result€0.5m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€9.2m
2026
Equity€1.9m
2026
Debt€7.3m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.9%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency21.1%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.12
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)15
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020222023202420252026
Operating result€0.2m-€0.2m▼ 9.1%€0.9m-€0.2m▼ 79.6%€0.3m▲ 69.6%€0.5m▲ 48.8%€0.8m▲ 74.2%
Net result€0.1m-€0.1mabove the sector's middle half▼ 19.1%€0.7mabove the sector's middle half-€0.1mwithin the sector's middle half▼ 83.9%€0.2mabove the sector's middle half▲ 62.6%€0.3mabove the sector's middle half▲ 42.9%€0.5m▲ 72.4%
Equity€0.5m-€0.6mwithin the sector's middle half▲ 25.0%€1.2mabove the sector's middle half-€1.3mabove the sector's middle half▲ 9.2%€1.5mabove the sector's middle half▲ 13.7%€1.6mabove the sector's middle half▲ 5.6%€1.9m▲ 20.9%
Total assets€1.7m-€3.3mabove the sector's middle half▲ 89.1%€5.4mabove the sector's middle half-€5.9mabove the sector's middle half▲ 9.8%€6.1mabove the sector's middle half▲ 3.5%€7.5mabove the sector's middle half▲ 22.0%€9.2m▲ 23.1%
Debt€1.3m-€2.7m▲ 112%€4.2m-€4.6m▲ 10.0%€4.6m▲ 0.5%€5.9m▲ 27.4%€7.3m▲ 23.7%
Working capital€0.2m-€0.3mwithin the sector's middle half▲ 57.3%€0.4mwithin the sector's middle half-€0.6mabove the sector's middle half▲ 57.9%€0.6mabove the sector's middle half▼ 6.0%€0.4mabove the sector's middle half▼ 25.3%€0.2m▼ 52.5%
Solvency26.4%-17.5%within the sector's middle half▼ 9.0pp22.7%within the sector's middle half-22.6%within the sector's middle half▼ 0.1pp24.8%within the sector's middle half▲ 2.2pp21.5%within the sector's middle half▼ 3.3pp21.1%▼ 0.4pp
Current ratio1.51-1.48within the sector's middle half▼ 0.031.41within the sector's middle half-1.60within the sector's middle half▲ 0.191.64within the sector's middle half▲ 0.041.27within the sector's middle half▼ 0.371.12▼ 0.14
Return on assets (ROA)8.2%-3.5%within the sector's middle half▼ 4.7pp13.0%above the sector's middle half-1.9%within the sector's middle half▼ 11.1pp3.0%within the sector's middle half▲ 1.1pp3.5%within the sector's middle half▲ 0.5pp4.9%▲ 1.4pp
Staff (FTE)6.5-7.7within the sector's middle half▲ 18.5%8.1within the sector's middle half-10above the sector's middle half▲ 23.5%14.9above the sector's middle half▲ 49.0%14.7above the sector's middle half▼ 1.3%15▲ 2.0%
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Why a figure moved sharply
- 2023 Net result -84% on 2022. The previous financial year ran 21 months, this one 12.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €9.2m
Fixed assets
€7.3m ▲ 35.1%
Current assets
€1.9m ▼ 8.1%
Equity and liabilities €9.2m
Equity
€1.9m ▲ 20.9%
Debt
€7.3m ▲ 23.7%
Debt's share of the balance-sheet total rises from 78.5% to 78.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2025 · €932,199
Cash flow
€966,646▲
2025 · €715,995
Quick ratio
0.83▼
2025 · 0.99
Debt to equity
3.74▲
2025 · 3.66
ROE
23.2%▲
2025 · 16.3%
Interest coverage
6.91▼
2025 · 6.98
Debt ≤ 1 year
€1.7m▲
2025 · €1.6m
Debt > 1 year
€5.6m▲
2025 · €4.2m
Income taxes
€200,777▲
2025 · €95,740
Staff costs
€1.1m▲
2025 · €997,620
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,107 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98.0% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98.0%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,474 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 74.5% 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 4,107 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.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.003m | - | €0.002m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €0.8m | €0.6m | €0.8m | €1.0m | €1.1m | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.3m | €0.4m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.001m | - | - | €0.001m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €0.03m | €0.01m | €0.01m | €0.03m | €0.03m | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | €0.002m | €0.001m | €0 | €0.02m | €0.002m | ▼ 89.8% |
| Gross operating margin9900 | €0.7m | €0.8m | €2.2m | €1.1m | €1.4m | €2.0m | €2.5m | ▲ 24.6% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.9m | €0.2m | €0.3m | €0.5m | €0.8m | ▲ 74.2% |
| Financial income75/76B | - | - | €0.007m | €383 | €0.006m | €0.01m | €0.01m | ▲ 8.9% |
| Recurring financial income75 | €63 | €0.001m | €0.007m | €383 | €0.006m | €0.01m | €0.01m | ▲ 8.9% |
| Financial charges65/66B | - | - | €0.07m | €0.06m | €0.07m | €0.1m | €0.2m | ▲ 46.0% |
| Recurring financial charges65 | €0.03m | €0.04m | €0.07m | €0.06m | €0.07m | €0.1m | €0.2m | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.9m | €0.1m | €0.3m | €0.4m | €0.7m | ▲ 82.4% |
| Income taxes67/77 | €0.05m | €0.05m | €0.2m | €0.02m | €0.07m | €0.1m | €0.2m | ▲ 110% |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.7m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 72.4% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.7m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 72.4% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.7m | €3.3m | €5.4m | €5.9m | €6.1m | €7.5m | €9.2m | ▲ 23.1% |
| Fixed assets21/28 | €1.2m | €2.4m | €4.0m | €4.3m | €4.6m | €5.4m | €7.3m | ▲ 35.1% |
| Intangible fixed assets21 | €0.004m | €0.009m | €0.003m | €0.005m | €0.002m | €382 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.2m | €2.4m | €4.0m | €4.3m | €4.6m | €5.4m | €5.4m | ▼ 0.9% |
| Land and buildings22 | - | - | €3.4m | €3.7m | €4.0m | €4.0m | €3.9m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 3.8% |
| Furniture and vehicles24 | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 49.0% |
| Leasing and similar rights25 | - | - | €0.1m | €0.07m | €0.09m | €0.9m | €0.9m | ▲ 3.1% |
| Financial fixed assets28 | €200 | €0.003m | €0.003m | €320 | €368 | €448 | €2.0m | ▲ 435,286% |
| Current assets29/58 | €0.6m | €0.9m | €1.4m | €1.7m | €1.5m | €2.1m | €1.9m | ▼ 8.1% |
| Stocks and contracts in progress3 | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▲ 7.8% |
| Stocks30/36 | - | - | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▲ 7.8% |
| Amounts receivable within one year40/41 | €0.4m | €0.6m | €0.6m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 0.4% |
| Trade receivables40 | - | - | €0.5m | €0.9m | €1.0m | €1.1m | €1.1m | ▼ 5.4% |
| Other amounts receivable41 | - | - | €0.09m | €0.05m | €0.003m | €0 | €0.07m | - |
| Current investments50/53 | €0.04m | €0.03m | €0.07m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.6m | €0.5m | €0.2m | €0.4m | €0.2m | ▼ 50.8% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0.03m | €0.004m | €0.04m | €0.06m | ▲ 37.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.7m | €3.3m | €5.4m | €5.9m | €6.1m | €7.5m | €9.2m | ▲ 23.1% |
| Equity10/15 | €0.5m | €0.6m | €1.2m | €1.3m | €1.5m | €1.6m | €1.9m | ▲ 20.9% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.3m | €0.9m | €1.1m | €1.2m | €1.3m | €1.7m | ▲ 25.4% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0 | - | - |
| Tax-exempt reserves132 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | €0.9m | €1.0m | €1.2m | €1.3m | €1.6m | ▲ 26.4% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts payable17/49 | €1.3m | €2.7m | €4.2m | €4.6m | €4.6m | €5.9m | €7.3m | ▲ 23.7% |
| Amounts payable after more than one year17 | €0.9m | €2.1m | €3.2m | €3.5m | €3.7m | €4.2m | €5.6m | ▲ 31.5% |
| Financial debts170/4 | - | - | €3.2m | €3.5m | €3.7m | €4.2m | €5.6m | ▲ 31.5% |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €1.0m | €1.0m | €0.9m | €1.6m | €1.7m | ▲ 3.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 29.5% |
| Financial debts43 | - | - | €0.08m | €0.4m | €0.2m | €0.5m | €0.02m | ▼ 96.5% |
| Credit institutions430/8 | - | - | €0.08m | €0.4m | €0.2m | €0.5m | €0.02m | ▼ 96.5% |
| Trade debts44 | €0.08m | €0.2m | €0.5m | €0.2m | €0.2m | €0.3m | €0.8m | ▲ 142% |
| Suppliers440/4 | - | - | €0.5m | €0.2m | €0.2m | €0.3m | €0.8m | ▲ 142% |
| Taxes, remuneration and social security45 | - | - | €0.07m | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 2.5% |
| Taxes450/3 | - | - | €0.008m | €0.009m | €0.04m | €0.08m | €0.05m | ▼ 39.7% |
| Remuneration and social security454/9 | - | - | €0.06m | €0.07m | €0.08m | €0.1m | €0.2m | ▲ 31.4% |
| Other amounts payable47/48 | - | - | €0.05m | €0.007m | €0.006m | €0.2m | €0.1m | ▼ 35.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.005m | €0.004m | ▼ 26.6% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.7m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 72.4% |
| + Depreciation and write-downs630 | €0.1m | €0.3m | €0.4m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 13.4% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €1.1m | €0.4m | €0.5m | €0.7m | €1.0m | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | -€1.5m | - | -€0.5m | -€0.7m | -€1.2m | -€2.4m | ▼ 95.8% |
| Change in cash | - | €0.1m | - | -€0.03m | -€0.3m | €0.2m | -€0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 25-08-2026 | 2026-00421391 |
| 31-03-2025 | abbreviated format | 23-10-2025 | 2025-00547875 |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00526449 |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00503187 |
| 31-03-2022 | abbreviated format | 31-10-2022 | 2022-20478764 |
| 30-06-2020 | abbreviated format | 01-02-2021 | 2021-03800164 |
| 30-06-2019 | abbreviated format | 30-12-2019 | 2019-78000562 |
| 30-06-2018 | abbreviated format | 27-12-2018 | 2018-75800583 |
| 30-06-2017 | abbreviated format | 11-12-2017 | 2017-71500363 |
| 30-06-2016 | abbreviated format | 03-01-2017 | 2017-00100555 |
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Of the 24,170 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,605. 3,286 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,564 awarded · €2,564 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2024 | 1 | €25 | €25 |
| 2022 | 2 | €539 | €539 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 21-09-2026 ↗
- Maarten PAUWELS 99 shares
- Charlotte HANSSENS 1 share
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the annual accounts to 31-03-2026 of MAARTEN CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Acquisitions and mergers
1 transactionSplit off to:MAARTEN CONSTRUCT NEWCO
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
21-09
Gazette deed
RestructuringAppointment: VRC BEDRIJFSREVISOREN (company auditor) · Demerger · Capital increase27 facts ▸
Gazette deed
Restructuring
Appointment: VRC BEDRIJFSREVISOREN (company auditor) · Demerger · Capital increase27 facts ▸
- Demerger, “partial demerger by absorption”, EUR (deed in Dutch)
- Other provision, “Op de laatste blz. van Luik B vermelden: Voorkant: Naam en hoedanigheid van de instrumenterende notaris, hetzij van de perso(o)n(en) bevoegd de rechtspersoon te…” (deed in Dutch)
- Other provision, “valuation basis, boekhoudkundige eigen vermogenswaarde per 08-09-2026 (inbrengwaarde bij oprichting)” (deed in Dutch)
- Other provision, “valuation method decision, meest geschikte waarderingsmethode voor de bepaling van de toe te passen ruilverhouding” (deed in Dutch)
- Capital increase, €13,273.62
- Share issue, “register van aandelen, aandelen op naam” (deed in Dutch)
- Accounting effect, 01-04-2026
- Other provision, 01-04-2026
- Declaration, special rights
- Auditor appointment, VRC BEDRIJFSREVISOREN (company auditor)
- Auditor appointment, VRC BEDRIJFSREVISOREN
- Other provision, “waarschijnlijk afstand splitsingsverslag, artikel 12:65 WVV” (deed in Dutch)
- +15 further facts in this act
25-08
NBB filing
Annual accounts filed
financial year 2026 · abbreviated format
2025
23-10
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2024
31-10
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2023
31-10
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
31-03
Financial
Weakest financial yearnet €112,741 ▼83.9%
Net result drops to €112,741, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
31-03
Financial
Highest result from 2019 to 2026net €700,228 ▲508%
Operating result €927,146, net result €700,228, both a record.
31-03
Financial
Equity above €1mequity €1.2m ▲113%
A profit in every financial year since 2019 builds equity to €1.2m.
2021
01-02
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 1 day late
2020
30-06
Financial
Equity above €500,000equity €576,192 ▲25%
A profit in every financial year since 2019 builds equity to €576,192.
2019
30-12
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
Show earlier events
2018
27-12
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2017
11-12
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
03-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 13 annual accounts filed, the latest 10 are here; all 13 are under Financials.
1 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded21-01-2009
Financial year end31-03
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
82990Other business support services
70200Business and other management consultancy
Contact
Website
www.maartenconstruct.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809261892
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 14 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 2 endedLassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Show 2 ended approvals
Hoeknaadlasser (so)
Plaatlasser (so)
Environmental permits
3 applications in Flanders since 2020 · 2 granted
Bouwen of herbouwen; Nieuwbouw of aanleggen
Bouwen of herbouwen; Nieuwbouw of aanleggen
Bouwen of herbouwen; Nieuwbouw of aanleggen
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2009
Ground area
1.0 ha
Building footprint
3,014 m²
Building volume
228 m³
2 parcels, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
1 establishment unit
Kluizenmeersen(SGW) 22, 9170 Sint-Gillis-Waas
since 2009unit no. 2.176.302.985
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46020C1799/00P000 | Flanders | 7,387 m² | 1 · 1,763 m² | 2.3 m |
| 46020C1728/00K000 | Flanders | 3,108 m² | 1 · 1,252 m² | 1.9 m |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “De vervaardiging en onderhoud van metalen constructiewerken en delen daarvan. Vervaardiging. onderhoud en montage van metalen…” (deed in Dutch)
12 activities (deed in Dutch)
- De vervaardiging en onderhoud van metalen constructiewerken en delen daarvan. Vervaardiging. onderhoud en montage van metalen constructiewerken en gebinten voor de bouw. Vervaardiging en onderhoud van metalen constructiewerken voor industriële uitrusting (bijvoorbeeld voor hijs- en hefwerktuigen, enzovoort). Vervaardiging en onderhoud van geprefabriceerde gebouwen, overwegend van metaal; bouwketen, modulaire tentoonstellingselementen, telefooncellen, enzovoort.
- Vervaardiging en onderhoud van metaalschrijnwerk; deuren, vensters en kozijnen, luiken, verplaatsbare wanden, hekken, garagepoorten, enz.
- Het verlenen van technische prestaties in verband met bovenvermelde activiteiten.
- Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische, sociale, informatieve, financiële, technische en commerciële aard, evenals het vervullen in naam en voor rekening van derden, van de verplichtingen en formaliteiten ter uitvoering ervan; in de ruimste zin, dienstverlening met betrekking tot bedrijfsbeleid, management, consultancy en alles wat daarmee rechtstreeks en onrechtstreeks verband houdt.
- Het aanleggen, het oordeelkundig uitbouwen, beheren van een onroerend vermogen en alle verrichtingen met betrekking tot onroerende goederen en alle onroerende zakelijke rechten eraan verbonden. Zij mag ondermeer onroerende goederen verwerven, laten bouwen, renoveren, uitrusten en ombouwen, met het oog op het beheer, de opbrengsten van verhuring, opstal, leasing, de inkomsten van verkoop en de realisatie van meerwaarden.
- Het aanleggen, het oordeelkundig uitbouwen, beheren van een roerend patrimonium en alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook.
- De verwerving van participaties, onder gelijk welke vorm, in handels-, industriële en financiële ondernemingen, zowel Belgische als buitenlandse; het beheer, evenals het te gelde maken van deze participaties, de verwerving door deelneming, inschrijving, aankoop, optie of om het even welke andere wijze, van alle deelbewijzen, aandelen, obligaties, waarden en titels. Zij kan tevens rechtstreeks of onrechtstreeks belangen nemen, door deelneming, inbreng of elke andere wijze, in alle vennootschappen, ondernemingen, samenwerkingsverbanden, beroepsverenigingen of groeperingen, bestaande of op te richten, zowel in België als in het buitenland, die een aanvullend of soortelijk voorwerp nastreven of die van aard zijn de ontwikkeling van de onderneming te realiseren.
- Het aangaan of toestaan van leningen en kredietopeningen aan rechtspersonen, ondernemingen en particulieren, onder om het even welke vorm; in dit kader kan zij zich borg stellen of haar aval verlenen, in de meest ruime zin, alle financiële operaties verrichten.
- Het deelnemen aan het bestuur en directie van vennootschappen of ondernemingen, ongeacht het voorwerp dat deze hebben en dit zelfs in de hoedanigheid van bestuurder of vereffenaar van deze vennootschappen of ondernemingen. Het beheer en toezicht voeren over alle andere vennootschappen en ondernemingen van welke aard ook; het geven van adviezen en het verlenen van bijstand in verband met problemen van beheer, leiding en uitbating van bedrijven in de ruimste zin van het woord.
- Zij kan zich borg stellen voor rechtspersonen, ondernemingen en particulieren voor alle kredietvormen die aan de voormelde derden worden toegestaan.
- De vennootschap zal alle burgerlijke, industriële, commerciële, financiële, roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp, die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden, en die daartoe noodzakelijk, nuttig of bevorderend zijn. De vennootschap mag haar voorwerp verwezenlijken, zowel in het binnen- als in het buitenland, op alle wijzen die zij het meest geschikt zal achten.
- Deze opsomming is niet beperkend zodat de vennootschap alle handelingen kan stellen die op elke wijze kunnen bijdragen tot de verwezenlijking van het voorwerp.
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 2 more provisions in the deed, see the deed of 21-09-2026
Read from the deeds: 3 provisions, deed of 21-09-2026