MARTENS PROJECTS
ActiveSummary
MARTENS PROJECTS has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of -€321,096. Equity grew by about 7.9% per year on average since 2018. In 2025 it fell by 25.1%. Its solvency ranks better than 66% of 11,271 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 2 others
- Joint committee
- 323 Building management, estate agents and domestic staff · annual accounts 2024
- Establishment unit
- 2.003.594.980 2930 Brasschaat, since 01-05-1937
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2025
Board and ownership
- Alexander MartensManaging director
- AMVESTManaging director · permanent representative André Martens
- Auditor
- PARMENTIER GUY
- AMVEST100%· score 912025 annual accounts of AMVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €339,803
- ▲ 64.2%
- Turnover
- ≈ €380,000
- estimated
- Loss
- €321,096
- ▼ 7.7%
- Equity
- €6.9m
- ▼ 25.1%
- Total assets
- €13.6m
- ▲ 0.6%
- Employees on 31-12-2025
- 2
- ▼ 33.3%
Score breakdownraises riskLiquidity: current ratio 0.74, cash €145,113Loss of €321,096, the second in a row (financial year 2025)lowers riskSize: 2.3 FTE, total assets €13.6mFounded in 1968Show the evidence
Checked score
About 1 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 68, micro). It does better than 65% of them on solvency, 26% on liquidity, 21% on profitability and 19% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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
The company filed its last 7 accounts on average 61 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower net result than 95% of companies in real estatesector median €10,001 · 11,262 companies -€321,096 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€321,096 View
- Caution: Equity fell in 2025from €9.2m to €6.9m ▼ 25.1% View
Recent changes
- · Gazette deed Merger: MARTENS VASTGOED takes over MARTENS PROJECTSCompany renamed from MARTENS VASTGOED to MARTENS PROJECTS · Capital increase of €62,000 to €148,800 · Capital from €86,800 to €148,800, 14,560 new shares
- · Gazette deed Merger proposal: MARTENS VASTGOED takes over MARTENS PROJECTSPermanent representative: André Martens · Appointment: PARMENTIER GUY (statutory auditor)
- · Gazette deed 2 directors appointed, 3 directors resigningResignations: André Martens, Alexander Martens and AMVEST · Permanent representative: André Martens · Appointments: Alexander Martens (director) and AMVEST (director)
Comparable companies
These companies have the same main activity as MARTENS PROJECTS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €8.8m and €20m, founded between 1968 and 1992.
| Company | Total assets | Gross margin |
|---|---|---|
| MARTENS PROJECTS Brasschaat | €13.6m | €0.3m |
| Ciem Ghent | €15.7m | €0.4m |
| SGAF Beheer Brussels | €11.0m | €0.6m |
| PAPAROTI & Co Antwerp | €19.9m | €0.3m |
| IMMO - 47 Lokeren | €8.8m | €0.4m |
| SOCIETE ANONYME DE WARFUSEE Uccle | €10.3m | €0.3m |
| A.V.J. INVEST Woluwe-Saint-Pierre | €9.4m | €0.2m |
Key facts about MARTENS PROJECTS
- What is the company number of MARTENS PROJECTS?
- The company number of MARTENS PROJECTS is 0404.654.207. The VAT number is the same number with BE in front: BE 0404.654.207.
- Where is MARTENS PROJECTS based?
- The registered office is at Emmalei 1B, 2930 Brasschaat.Company details
- What does MARTENS PROJECTS do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of MARTENS PROJECTS?
- MARTENS PROJECTS is a public limited company (NV).
- When was MARTENS PROJECTS founded?
- MARTENS PROJECTS was founded on 01-01-1968.
- Is MARTENS PROJECTS still active?
- Yes, MARTENS PROJECTS is an active enterprise in the KBO register.
- How many employees does MARTENS PROJECTS have?
- MARTENS PROJECTS had an average of 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MARTENS PROJECTS fall under?
- In its 2024 annual accounts, MARTENS PROJECTS states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of MARTENS PROJECTS?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €339,803 and 38 comparable companies (NACE 68201). It probably lies between €340,000 and €420,000.
- Is MARTENS PROJECTS profitable?
- In financial year 2025, MARTENS PROJECTS made a loss of €321,096.
- Where can I find the annual accounts of MARTENS PROJECTS?
- MARTENS PROJECTS filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARTENS PROJECTS due?
- MARTENS PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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