MARTENS GLAS DESIGN
ActiveSummary
The computed 12-month bankruptcy probability of MARTENS GLAS DESIGN is 4.6% (elevated). The 2025 annual accounts show negative equity (-€325,273) and a net result of -€460,596. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 6% of 9,895 sector peers (NACE 43, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 18-02-1999 Normal situation
- Activity
- Specialised construction activities NACE 43343and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.090.743.740 2320 Hoogstraten, since 15-04-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Martens GuyDirector
- GM GLASS59.78%2025 annual accounts of GM GLASS
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.6%
- Gross margin
- €1.3m
- ▲ 14.7%
- Turnover
- ≈ €3.7m
- estimated
- Loss
- €460,596
- ▲ 43.8%
- Equity
- -€325,273
- Total assets
- €4.4m
- ▲ 4.8%
- Employees on 31-12-2025
- 19
- ▲ 18.8%
- Negative equity on 31-12-2025
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskNegative equity -€325,273Loss of €460,596, the second in a row (financial year 2025)Liquidity: current ratio 0.59, cash €74,943Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 5 in 100 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 43, small). It does better than 2% of them on solvency, 24% on liquidity, 6% on profitability and 1% on growth.
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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Signals
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€325,273 View
- Caution: Lower net result than 95% of companies in specialised constructionsector median €26,848 · 9,887 companies -€460,596 View
- Caution: Result fell in 2025from -€320,231 to -€460,596 ▼ 43.8% View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€460,596 View
Recent changes
- · Gazette deed Registered office moved from Loenhout to Hoogstraten
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MARTENS GLAS DESIGN: specialised construction activities (NACE 43343). They are comparable in size and age: total assets between €2.4m and €3.7m, founded between 1980 and 2005.
| Company | Total assets | Gross margin |
|---|---|---|
| MARTENS GLAS DESIGN Hoogstraten | €4.4m | €1.3m |
| GAEREMYNCK & FILS Mouscron | €2.7m | €1.4m |
| GLASCENTRA-BAVIKHOVE Harelbeke | €3.7m | €1.3m |
| DENECKERE G. GLASWERKEN Roeselare | €2.9m | €1.1m |
| DE GROM Aalst | €2.5m | €1.2m |
| PGE Assenede | €2.4m | €1.2m |
| ALFONS DRESSELAERS EN ZOON Sint-Niklaas | €3.2m | €1.2m |
Key facts about MARTENS GLAS DESIGN
- What is the company number of MARTENS GLAS DESIGN?
- The company number of MARTENS GLAS DESIGN is 0465.481.818. The VAT number is the same number with BE in front: BE 0465.481.818.
- Where is MARTENS GLAS DESIGN based?
- The registered office is at Putten 48, 2320 Hoogstraten.Company details
- What does MARTENS GLAS DESIGN do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43343).
- What is the legal form of MARTENS GLAS DESIGN?
- The legal form of MARTENS GLAS DESIGN is Private limited company (BV).
- When was MARTENS GLAS DESIGN founded?
- MARTENS GLAS DESIGN was founded on 18-02-1999.
- Is MARTENS GLAS DESIGN still active?
- Yes, MARTENS GLAS DESIGN is an active enterprise in the KBO register.
- How many employees does MARTENS GLAS DESIGN have?
- MARTENS GLAS DESIGN had an average of 18.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MARTENS GLAS DESIGN fall under?
- In its 2025 annual accounts, MARTENS GLAS DESIGN states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of MARTENS GLAS DESIGN?
- The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €1.3m and 68 comparable companies (NACE 43). It probably lies between €2.8m and €4.9m.
- Is MARTENS GLAS DESIGN profitable?
- In financial year 2025, MARTENS GLAS DESIGN made a loss of €460,596.
- Where can I find the annual accounts of MARTENS GLAS DESIGN?
- MARTENS GLAS DESIGN filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARTENS GLAS DESIGN due?
- MARTENS GLAS DESIGN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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