ACTIVE

MARTENS PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-321,1 k €

+7.7% YoY

Gross margin

339,8 k €

+64.2% YoY

Equity

6,9 M €

-25.1% YoY

Workforce

2,3 ETP

-8.0% YoY

What does MARTENS PROJECTS do?

MARTENS PROJECTS is a Public limited company incorporated in 1968. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Brasschaat. It employs on average 2,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.654.207

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Emmalei 1B
2930 Brasschaat · FlandreSee on map

Contributed capital

148 800,00 €

Latest accounts

31/12/2025

Average workforce

2,3 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68310Real estate agencies 68311Real estate agencies 41101Development of building projects 68121Buying and selling of own real estate

Joint committees (4)

Contacts

3 public details availableLog in to view

Signals

Solid equityLow riskPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	339,8 k €	+64.2%	207 k €	-94.7%	3,9 M €	+70.1%	2,3 M €	+309%	559,5 k €	+68.8%	331,4 k €	-11.9%	376,3 k €	-11.0%	422,7 k €	-46.9%	795,7 k €	+155%	312,1 k €	-3.7%	324,2 k €	-43.3%	571,9 k €	+41.8%	403,2 k €	-14.9%	473,7 k €	-3.7%	491,8 k €	+0.2%	490,6 k €	+11.7%	439,1 k €	-5.8%	466,2 k €	-2.2%	476,8 k €	+43.8%	331,5 k €
EBITDA	68,5 k €	+512%	-16,6 k €	-100%	3,6 M €	+69.5%	2,1 M €	+418%	411,7 k €	+135%	175 k €	-27.3%	240,6 k €	-18.7%	295,8 k €	-55.9%	670,4 k €	+216%	212 k €	-7.1%	228,2 k €	-51.7%	472,4 k €	+36.6%	345,7 k €	-18.8%	426 k €	-3.9%	443,1 k €	+3.3%	429,1 k €	+8.2%	396,8 k €	-7.1%	427,3 k €	-2.7%	439,2 k €	+45.9%	301 k €
Operating result	-222,1 k €	+27.8%	-307,8 k €	-109%	3,4 M €	+74.5%	1,9 M €	+1308%	136,6 k €	+232%	-103,2 k €	+9.8%	-114,5 k €	-122%	-51,6 k €	-117%	302,2 k €	+295%	-155,1 k €	-5.2%	-147,5 k €	-237%	107,5 k €	+910%	-13,3 k €	-116%	81,4 k €	+52.9%	53,2 k €	+67.5%	31,8 k €	+2126%	-1,6 k €	+91.9%	-19,4 k €	-337%	-4,5 k €	+96.6%	-129,6 k €
Net result	-321,1 k €	+7.7%	-348 k €	-113%	2,6 M €	+74.4%	1,5 M €	+1573%	89,2 k €	+179%	-113,4 k €	+3.9%	-118 k €	-114%	-55,1 k €	-133%	165,5 k €	+237%	-120,8 k €	-5876%	2,1 k €	-97.7%	92,3 k €	-85.9%	654,1 k €	+347%	146,3 k €	+156%	57,1 k €	+75.9%	32,5 k €	+3.1%	31,5 k €	+175%	-41,9 k €	-69.1%	-24,7 k €	+72.0%	-88,4 k €
Balance sheet
Equity	6,9 M €	-25.1%	9,2 M €	-7.5%	10 M €	+91.4%	5,2 M €	+40.0%	3,7 M €	-0.3%	3,7 M €	-5.4%	4 M €	-2.9%	4,1 M €	-5.9%	4,3 M €	-0.8%	4,4 M €	-6.9%	4,7 M €	-4.1%	4,9 M €	-2.2%	5 M €	+10.0%	4,5 M €	+3.3%	4,4 M €	+1.3%	4,3 M €	+0.7%	4,3 M €	+0.8%	4,3 M €	-1.0%	4,3 M €	-0.6%	4,3 M €
Total assets	13,6 M €	+0.6%	13,6 M €	-5.5%	14,3 M €	+90.3%	7,5 M €	+14.1%	6,6 M €	-4.1%	6,9 M €	-4.6%	7,2 M €	-2.4%	7,4 M €	-4.3%	7,7 M €	-8.0%	8,4 M €	+3.7%	8,1 M €	+1.0%	8 M €	-2.6%	8,2 M €	+26.9%	6,5 M €	-5.8%	6,9 M €	+4.6%	6,6 M €	+3.2%	6,4 M €	-5.0%	6,7 M €	-5.2%	7,1 M €	-7.9%	7,7 M €
Cash	145,1 k €	-13.6%	168 k €	-91.0%	1,9 M €	+550%	287,1 k €	+1026%	25,5 k €	+94.7%	13,1 k €	-79.2%	62,9 k €	+299%	15,8 k €	-74.6%	62 k €	+123%	27,8 k €	+7.9%	25,8 k €	-86.9%	196,8 k €	-58.9%	479,1 k €	+469%	84,1 k €	+23.0%	68,4 k €	+196%	23,1 k €	-40.5%	38,9 k €	+217%	12,3 k €	-64.4%	34,5 k €	+14.2%	30,2 k €
Debts	5,4 M €	+84.0%	2,9 M €	+0.4%	2,9 M €	+73.5%	1,7 M €	-32.9%	2,5 M €	-10.3%	2,8 M €	-2.7%	2,9 M €	-0.6%	2,9 M €	-1.2%	2,9 M €	-16.9%	3,5 M €	+24.1%	2,8 M €	+12.4%	2,5 M €	-1.6%	2,5 M €	+122%	1,1 M €	-28.3%	1,6 M €	+24.3%	1,3 M €	+25.6%	1 M €	-22.5%	1,3 M €	-15.3%	1,6 M €	-24.1%	2,1 M €
Other
Workforce	2,3 ETP	-8.0%	2,5 ETP	+4.2%	2,4 ETP	+41.2%	1,7 ETP	+21.4%	1,4 ETP	-6.7%	1,5 ETP	-6.3%	1,6 ETP	+6.7%	1,5 ETP	-6.3%	1,6 ETP	+23.1%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 25 ended

Active mandates

Alexander Martens

Managing director · since 21 décembre 2021 · until 17 mai 2027

Active

AMVEST

Managing director · since 21 décembre 2021 · until 17 mai 2027 · 0525.694.171

Represented by André Martens

Active

Ended mandates

Alexander Martens

Managing director · since 21 décembre 2021 · until 21 décembre 2027

Ended

AMVEST

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0525.694.171

Represented by André Martens

Ended

Alexander Martens

Managing director · since 20 mai 2019 · until 19 mai 2025

Ended

AMVEST

Managing director · since 20 mai 2019 · until 19 mai 2025 · 0525.694.171

Represented by André Martens

Ended

At this address

Other companies at this address

Company	CBE no.
AMVEST● Active	0525.694.171
MARPRO● Active	0552.524.371
VLASMEER● Active	0633.711.787

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/05/2026	17/06/2025	29/05/2024	25/05/2023	31/05/2022	08/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	19/05/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	29/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	27/05/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	21/05/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	08/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	24/05/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	21/05/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	25/05/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 25 ended

Active mandates

Alexander Martens

Managing director · since 21 décembre 2021 · until 17 mai 2027

Active

AMVEST

Managing director · since 21 décembre 2021 · until 17 mai 2027 · 0525.694.171

Represented by André Martens

Active

Ended mandates

Alexander Martens

Managing director · since 21 décembre 2021 · until 21 décembre 2027

Ended

AMVEST

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0525.694.171

Represented by André Martens

Ended

Alexander Martens

Managing director · since 20 mai 2019 · until 19 mai 2025

Ended

AMVEST

Managing director · since 20 mai 2019 · until 19 mai 2025 · 0525.694.171

Represented by André Martens

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/09/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/08/2014
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates02/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-321,1 k €↑
2025
Name changeMARTENS PROJECTS
2024
Annual accounts 2024-348 k €↓
2023
Annual accounts 20232,6 M €↑
2023
Name changeMARTENS PROJECTS (voorheen Vastgoed)
2022
Annual accounts 20221,5 M €↑
2022
Name changeMARTENS VASTGOED (voorheen Millars Trading Import)
2021
Annual accounts 202189,2 k €↑
2021
Name changeMARTENS VASTGOED
2020
Annual accounts 2020-113,4 k €↑
2019
Annual accounts 2019-118 k €↓
2018
Annual accounts 2018-55,1 k €↓
2017
Annual accounts 2017165,5 k €↑
2016
Annual accounts 2016-120,8 k €↓
2015
Annual accounts 20152,1 k €↓
2014
Annual accounts 201492,3 k €↓
2013
Annual accounts 2013654,1 k €↑
2012
Annual accounts 2012146,3 k €↑
2011
Annual accounts 201157,1 k €↑
2010
Annual accounts 201032,5 k €↑
2009
Annual accounts 200931,5 k €↑
2008
Annual accounts 2008-41,9 k €↓
2007
Annual accounts 2007-24,7 k €↑
2006
Annual accounts 2006-88,4 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MARTENS PROJECTS

Overview

What does MARTENS PROJECTS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline