Skip to content

MAERTENS CONSTRUCT

Active
Private limited companyfounded 2024active for 1 yearWagenmakerijstraat(DA) 24, 8600 Diksmuide, BelgiumKBO/BCE: BE 1017.644.618
Summary

The computed 12-month bankruptcy probability of MAERTENS CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €48,334 and a net result of €43,334. Its solvency ranks better than 29% of 1,671 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€48,334
Total assets
€182,084
Net result
€43,334
Working capital
€32,352

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €182,084
Fixed assets €63,807
Current assets €118,277
Equity and liabilities €182,084
Equity €48,334
Debt €133,750
Debt finances 73.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€69,462
Cash flow
€54,315
Current ratio
1.38
Debt to equity
2.77
ROE
89.7%
ROA
23.8%
Interest coverage
62.16
Debt ≤ 1 year
€85,925
Debt > 1 year
€47,561
Income taxes
€14,445

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€182,084
Fixed assets21/28€63,807
Intangible fixed assets21€1
Tangible fixed assets22/27€63,806
Plant, machinery and equipment23€367
Furniture and vehicles24€63,439
Current assets29/58€118,277
Amounts receivable within one year40/41€97,073
Trade receivables40€97,073
Cash at bank and in hand54/58€19,489
Deferred charges and accrued income490/1€1,715
Equity and liabilities
Total equity and liabilities10/49€182,084
Equity10/15€48,334
Contributions10/11€5,000
Reserves13€43,334
Distributable reserves133€43,334
Amounts payable17/49€133,750
Amounts payable after more than one year17€47,561
Financial debts170/4€47,561
Amounts payable within one year42/48€85,925
Current portion of amounts payable after more than one year42€17,851
Trade debts44€40,004
Suppliers440/4€40,004
Taxes, remuneration and social security45€20,880
Taxes450/3€16,005
Remuneration and social security454/9€4,875
Other amounts payable47/48€7,190
Accrued charges and deferred income492/3€264
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,981
Other operating charges640/8€747
Gross operating margin9900€70,209
Operating profit (loss)9901€58,481
Financial income75/76B€414
Recurring financial income75€414
Financial charges65/66B€1,117
Recurring financial charges65€1,117
Profit (loss) for the period before taxes9903€57,778
Income taxes67/77€14,445
Profit (loss) for the period9904€43,334
Profit (loss) for the period to be appropriated9905€43,334
Appropriation of the result
Profit (loss) to be appropriated9906€43,334
Transfer to equity691/2€43,334
To other reserves6921€43,334

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,981
Other operating charges640/8€747
Gross operating margin9900€70,209
Operating profit (loss)9901€58,481
Financial income75/76B€414
Recurring financial income75€414
Financial charges65/66B€1,117
Recurring financial charges65€1,117
Profit (loss) for the period before taxes9903€57,778
Income taxes67/77€14,445
Profit (loss) for the period9904€43,334
Profit (loss) for the period to be appropriated9905€43,334
Line2025
Assets
Total assets20/58€182,084
Fixed assets21/28€63,807
Intangible fixed assets21€1
Tangible fixed assets22/27€63,806
Plant, machinery and equipment23€367
Furniture and vehicles24€63,439
Current assets29/58€118,277
Amounts receivable within one year40/41€97,073
Trade receivables40€97,073
Cash at bank and in hand54/58€19,489
Deferred charges and accrued income490/1€1,715
Equity and liabilities
Total equity and liabilities10/49€182,084
Equity10/15€48,334
Contributions10/11€5,000
Reserves13€43,334
Distributable reserves133€43,334
Amounts payable17/49€133,750
Amounts payable after more than one year17€47,561
Financial debts170/4€47,561
Amounts payable within one year42/48€85,925
Current portion of amounts payable after more than one year42€17,851
Trade debts44€40,004
Suppliers440/4€40,004
Taxes, remuneration and social security45€20,880
Taxes450/3€16,005
Remuneration and social security454/9€4,875
Other amounts payable47/48€7,190
Accrued charges and deferred income492/3€264
Line2025
Profit (loss) for the period9904€43,334
+ Depreciation and write-downs630€10,981
Operating cash flow (approximation)€54,315

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-06-2025 micro format 23-01-2026 2026-00023950

Similar companies · same sector, comparable size

Of the 3,709 active companies whose main activity is repair and maintenance of machinery (NACE 33120), figures are known for 1,395. 1,089 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.