MAERTENS
ActiveSummary
MAERTENS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €316,541 and a net result of €192,193. Its solvency ranks better than 25% of 2,072 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2023 Normal situation
- Activity
- Growing of vegetables, melons, roots and tubers NACE 01130and 5 others
- Establishment unit
- 2.346.299.841 8680 Koekelare, since 22-06-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 18-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €328,631
- Turnover
- ≈ €830,000
- estimated
- Profit
- €192,193
- Equity
- €316,541
- Total assets
- €1.5m
Score breakdownraises riskFigures for financial year 2025 (filed on 30-10-2025)Founded in 2023lowers riskSize: total assets €1.5mSector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 01, micro). It does better than 35% of them on solvency, 39% on liquidity and 82% on profitability.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-10-2025 PDF
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 31-03-2025 |
|---|---|
| Mortgages, amount registered | €770,000 |
| Carrying value of the mortgaged assets | €696,091 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2025 |
|---|---|
| Tangible fixed assets | €1.3m |
| Depreciation and write-downs of the year | €67,689 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €9,674 awarded · €9,674 paidComparable companies
These companies have the same main activity as MAERTENS: growing of vegetables, melons, roots and tubers (NACE 01130). They are comparable in size and age: total assets between €619,000 and €1.9m, founded between 2021 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MAERTENS Koekelare | 2023 | €1.5m | €0.3m | €0.3m | €0.2m | 0 | 2025 |
| Stragier Bart Menen | 2021 | €1.3m | €0.1m | €0.2m | €0.006m | 0.1 | 2025 |
| Cosven Lier | 2021 | €1.9m | €0.6m | €0.3m | €0.02m | 0.7 | 2025 |
| Devo-Plant Jabbeke | 2024 | €1.4m | €0.007m | €0.3m | €0.002m | - | 2025 |
| WADEGRO Tielt | 2024 | €1.8m | €0.2m | €0.6m | €0.2m | 2 | 2025 |
| Taillieu - Hostens Hooglede | 2022 | €0.6m | €0.001m | €0.3m | €0.1m | 2 | 2025 |
| BECA SOLUTIONS Veurne | 2021 | €1.0m | €0.2m | €0.5m | €0.1m | 2.9 | 2025 |
They were chosen from the 646 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,602 companies had the same profile as MAERTENS has now. Two years later, 2.3% had gone bankrupt and 96.6% were still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAERTENS itself is lower: 0.3% within 12 months. It rests on far more data about MAERTENS than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,602 companies, not a prediction for MAERTENS. 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,689 |
| Other operating charges640/8 | €1,620 |
| Gross operating margin9900 | €328,631 |
| Operating profit (loss)9901 | €259,322 |
| Financial income75/76B | €2,543 |
| Recurring financial income75 | €2,543 |
| Financial charges65/66B | €30,608 |
| Recurring financial charges65 | €30,608 |
| Profit (loss) for the period before taxes9903 | €231,257 |
| Income taxes67/77 | €39,064 |
| Profit (loss) for the period9904 | €192,193 |
| Profit (loss) for the period to be appropriated9905 | €192,193 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.5m | |
| Fixed assets21/28 | €1.2m | |
| Tangible fixed assets22/27 | €1.2m | |
| Land and buildings22 | €0.7m | |
| Plant, machinery and equipment23 | €0.1m | |
| Furniture and vehicles24 | €0.4m | |
| Current assets29/58 | €0.3m | |
| Stocks and contracts in progress3 | €0.06m | |
| Stocks30/36 | €0.06m | |
| Amounts receivable within one year40/41 | €0.1m | |
| Trade receivables40 | €0.03m | |
| Other amounts receivable41 | €0.1m | |
| Cash at bank and in hand54/58 | €0.09m | |
| Deferred charges and accrued income490/1 | €0.004m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.5m | |
| Equity10/15 | €0.3m | |
| Contributions10/11 | €0.1m | |
| Reserves13 | €0.2m | |
| Distributable reserves133 | €0.2m | |
| Amounts payable17/49 | €1.2m | |
| Amounts payable after more than one year17 | €0.7m | |
| Financial debts170/4 | €0.7m | |
| Amounts payable within one year42/48 | €0.5m | |
| Current portion of amounts payable after more than one year42 | €0.2m | |
| Trade debts44 | €0.1m | |
| Suppliers440/4 | €0.1m | |
| Taxes, remuneration and social security45 | €0.02m | |
| Taxes450/3 | €0.02m | |
| Other amounts payable47/48 | €0.2m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €192,193 |
| + Depreciation and write-downs630 | €67,689 |
| Operating cash flow (approximation) | €259,882 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 29-10-2025 | 2025-00553312 |
Board & ownership
Directors
Owners and capital
Shareholders
- MAERTENS Guido Henri Jules 75 shares · €98,348.25 in cash
- DEMOLDER Godelieve-Lucia-Maria 75 shares · €98,348.25 in cash
- MAERTENS Bernard Luc Martin 250 shares (96.2%) · €25,000
- DECLERCQ Sarah Ludwine Emmanuel 10 shares (3.8%) · €1,000
Capital transactions
- 17-12-2024 Capital increase of €98,348.25 · to €124,348.25 · 75 new shares at €1,311.31 per share
- 26-06-2023 Incorporation · 260 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MAERTENS Bernard Luc Martin |
|
| Declercq Sarah |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 26-06-2023 (in Dutch)
Network & group
MAERTENS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of MAERTENS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-06
Gazette deed
Appointment: Declercq Sarah (director)Power of attorney8 points ▸
- General meeting, 31-05-2025
- Director appointment, Declercq Sarah (director)
- Board composition, Maertens Bernard (director)
- Board composition, Declercq Sarah (director)
- Power of attorney, SBB Gecertificeerde Accountants en Adviseurs BV
- Power of attorney, SBB Bedrijfsdiensten BV
- Power of attorney, Lara Steen
- Power of attorney, Maries Lindemans
17-12
Gazette deed
Capital increase of €98,348.25 to €124,348.25Bank account · Amendment of the articles · Power of attorney10 points ▸
- General meeting, 11-12-2024
- Capital increase, €98,348.25
- Capital contribution, €98,348.25, mentioned 2 times in the deed
- Other provision, “uitoefening voorkeurrecht tot inschrijving op nieuwe aandelen, individuele afstand voorkeurrecht inschrijving nieuwe aandelen” (deed in Dutch)
- Bank account, “BNP Paribas Fortis Bank, storting inbreng in geld” (deed in Dutch)
- Other provision, “bevestiging deponering inbreng, deponering plaatsgevonden overeenkomstig bepalingen Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “afstand verslaggeving uitgifteprijs en gevolgen, eenparigheid van stemmen” (deed in Dutch)
- Capital, €124,348.25
- Amendment of the articles, 5
- Power of attorney
26-06
Gazette deed
IncorporationAppointment: MAERTENS Bernard Luc Martin (director) · Founder · Registered office clause10 points ▸
- Incorporation, 21-06-2023
- Founder, MAERTENS Bernard Luc Martin
- Founder, DECLERCQ Sarah Ludwine Emmanuel
- Registered office clause, “8680 Bovekerke,Burgemeester Van Ackerestraat 14” (deed in Dutch)
- Board rule, 1
- Director appointment, MAERTENS Bernard Luc Martin (director (not named in the articles))
- Other provision, “afwezigheid rechterlijk verbod” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “neerlegging niet geregistreerd afschrift, oprichtingsakte en statuten” (deed in Dutch)
- Founding capital
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Text of the purpose
“De exploitatie van een landbouw- en tuinbouwbedrijf dat aan de vennootschap in volle eigendom toebehoort,alsmede mogelijk van andere onroerende goederen die de vennootschap of de beherende vennoten in eigendom of in pacht zouden verkrijgen”
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32002B0739/00E000 | Flanders | 8,924 m² | 1 · 1,202 m² | - |