MARTENS AGRI
ActiveMARTENS AGRI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €1k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 1734 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-7
Solvency31▲+2
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.76 in 2024; short-term debt: 26.2% and cash: 0.2% of total assets), and 94.1% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
5.9%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1734 sector peers (2025).
NBB · sector comparisonPosition among 1734 sector peers
Solvency
better than 11%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
9 d early
2022
86 d late
2021
192 d late
2020
153 d late
2019
12 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
€206k▲ 323%
2024 · €49k
2018: €89k
2019: €94k
2020: €103k
2021: €121k
2022: €172k
2023: €201k
2024: €49k
2018 → 2025
Total assets
€3.49M▲ 174%
2024 · €1.27M
2018: €1.46M
2019: €1.67M
2020: €1.56M
2021: €1.41M
2022: €1.50M
2023: €1.43M
2024: €1.27M
2018 → 2025
Net result
€1k▼ 72.7%
2024 · €4k
2018: €5k
2019: €2k
2020: €10k
2021: €17k
2022: €52k
2023: €29k
2024: €4k
2018 → 2025
Working capital
€244k
2024 · €-223k
2018: €-220k
2019: €-215k
2020: €-164k
2021: €-150k
2022: €-145k
2023: €-136k
2024: €-223k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€172k▲ 42.9%€201k▲ 16.8%€49k▼ 75.8%€206k▲ 323%
Operating result€48k-€90k▲ 87.7%€22k▼ 75.2%€55k▲ 145%€84k▲ 54.2%
Net result€17k-€52k▲ 202%€29k▼ 43.9%€4k▼ 85.6%€1k▼ 72.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.49M
Fixed assets
€2.33M▲ 316%
Current assets
€1.16M▲ 62.7%
Equity and liabilities €3.49M
Equity
€206k▲ 323%
Provisions
€8k
Debt
€3.27M▲ 168%
The debt ratio falls from 96.2% to 93.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▲
2024 · €115k
Cash flow
€72k▲
2024 · €64k
Solvency
5.9%▲
2024 · 3.8%
Current ratio
1.27▲
2024 · 0.76
Quick ratio
0.39▲
2024 · 0.23
Debt / equity
15.86▼
2024 · 25.10
ROE
0.6%▼
2024 · 8.6%
ROA
0.0%▼
2024 · 0.3%
Interest coverage
1.88▼
2024 · 2.61
Debt
€3.27M▲
2024 · €1.22M
Debt ≤ 1 year
€914k▼
2024 · €935k
Debt > 1 year
€2.36M▲
2024 · €288k
Income taxes
€2k▼
2024 · €6k
Staff costs
€85k▼
2024 · €94k
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€1.27M€3.49M▲
Fixed assets21/28€560k€2.33M▲
Tangible fixed assets22/27€560k€2.33M▲
Land and buildings22€552k€2.32M▲
Plant, machinery and equipment23€9k€7k▼
Current assets29/58€711k€1.16M▲
Stocks and contracts in progress3€493k€802k▲
Stocks30/36€493k€802k▲
Amounts receivable within one year40/41€206k€333k▲
Trade receivables40€206k€95k▼
Other amounts receivable41€0€238k▲
Cash at bank and in hand54/58€9k€7k▼
Deferred charges and accrued income490/1€3k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€3.49M▲
Equity10/15€49k€206k▲
Contributions10/11€19k€19k=
Reserves13€30k€31k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€30k€31k▲
Investment grants15-€156k
Provisions and deferred taxes16-€8k
Deferred taxes168-€8k
Amounts payable17/49€1.22M€3.27M▲
Amounts payable after more than one year17€288k€2.36M▲
Financial debts170/4€288k€2.36M▲
Amounts payable within one year42/48€935k€914k▼
Current portion of amounts payable after more than one year42€78k€139k▲
Financial debts43€250k€500k▲
Other loans439€250k€500k▲
Trade debts44€90k€130k▲
Suppliers440/4€90k€130k▲
Taxes, remuneration and social security45€64k€26k▼
Taxes450/3€27k€2k▼
Remuneration and social security454/9€37k€24k▼
Other amounts payable47/48€454k€119k▼
Accrued charges and deferred income492/3€200€172▼
Income statement
Code20242025
Remuneration, social security and pensions62€94k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€71k▲
Other operating charges640/8€28k€10k▼
Gross operating margin9900€237k€251k▲
Operating profit (loss)9901€55k€84k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€44k€83k▲
Recurring financial charges65€44k€83k▲
Profit (loss) for the period before taxes9903€11k€3k▼
Transfer from deferred taxes780-€65
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€4k€1k▼
Profit (loss) for the period to be appropriated9905€4k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€1k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€4k€1k▼
To other reserves6921€4k€1k▼
Social balance
Average headcount (FTE)9087-1.3
The notes to these accounts (26 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €1k ▼72.7%
Net result drops to €1k, the lowest in the series.
31-12
Financial
Equity above €200kEq €206k ▲323%
8 profitable years in a row build equity to €206k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €201k ▲16.8%
6 profitable years in a row build equity to €201k.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 86 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 192 days late
2022
31-12
Financial
Highest result since 2018net €52k ▲202%
Operating result €90k, net result €52k, both a record.
31-12
Financial
Equity above €150kEq €172k ▲42.9%
5 profitable years in a row build equity to €172k.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
2020
31-12
Financial
Equity above €100kEq €103k ▲10.4%
3 profitable years in a row build equity to €103k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 51 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Maldegem · 1 establishment unit 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.
Butswervestraat 469990 MaldegemGround area
1,625 m²
Building footprint
387 m²
Volume, LiDAR
2,100 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Martens Agri BVBA
since 20002.116.076.675
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H1590/00E000 | Flanders | 1,457 m² | 1 · 219 m² | 8.2 m · 2 fl. |
| 43503I1198/00G000 | Flanders | 168 m² | 1 · 168 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaldegem2.116.076.675
Similar companies · same sector, comparable size
De Voegt
BE 0426.359.144
Boechout · Eq €206k
ADRICON
BE 0805.750.789
Ranst · Eq €206k
IN OTHER WORDS
BE 0460.672.794
Jodoigne · Eq €205k
DECLERCQ ANDY
BE 0472.629.926
Zulte · Eq €205k
GROND- & TUINWERKEN, SPORTVELDEN VERBRUGGEN
BE 0537.804.226
Aartselaar · Eq €204k
Of 3,625 companies in sector 01130 we hold annual accounts for 789. 582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-2000
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
51310
01110Growing of cereals (except rice), leguminous crops and oil seeds
46319Wholesale of fruit and vegetables, excluding potatoes
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.