ACTIVE

MARTINES

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Financial year 2025 · closed on 31/12/2025

Net result

104,6 k €

+58.0% YoY

Gross margin

157,8 k €

+50.4% YoY

Equity

288,1 k €

-17.8% YoY

What does MARTINES do?

MARTINES is a Private limited company incorporated in 2001. Its registered office is in La Louvière.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.944.275

Incorporation

26/01/2001

Legal form

Private limited company

Registered office

Place de Goegnies(H-G) 16
7110 La Louvière · WallonieSee on map

Contributed capital

8 060,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2008		2007		2006
Income statement
Gross margin	157,8 k €	+50.4%	105 k €	-21.1%	133 k €	+22.5%	108,6 k €	+28.3%	84,7 k €	+26.7%	66,8 k €	-19.3%	82,8 k €	-25.2%	110,7 k €	+47.3%	75,1 k €	-36.1%	117,7 k €	+8.0%	109 k €	+1.4%	107,4 k €
EBITDA	155,1 k €	+51.2%	102,6 k €	-22.5%	132,3 k €	+23.5%	107,1 k €	+29.0%	83,1 k €	+26.1%	65,9 k €	-16.8%	79,1 k €	-27.2%	108,6 k €	+51.7%	71,6 k €	-38.7%	116,9 k €	+10.7%	105,5 k €	-0.6%	106,2 k €
Operating result	150,3 k €	+61.5%	93,1 k €	-24.4%	123,2 k €	+20.2%	102,5 k €	+29.3%	79,3 k €	+39.3%	56,9 k €	-19.4%	70,6 k €	-28.9%	99,4 k €	+61.2%	61,6 k €	-23.5%	80,5 k €	+60.8%	50,1 k €	-29.3%	70,8 k €
Net result	104,6 k €	+58.0%	66,2 k €	-23.2%	86,2 k €	+19.0%	72,4 k €	+29.1%	56,1 k €	+45.5%	38,6 k €	-16.7%	46,3 k €	-29.7%	65,9 k €	+85.0%	35,6 k €	+1331%	-2,9 k €	-113%	22,3 k €	-59.1%	54,6 k €
Balance sheet
Equity	288,1 k €	-17.8%	350,5 k €	+6.0%	330,6 k €	+7.0%	309,1 k €	+2.6%	301,3 k €	+6.4%	283,2 k €	-26.1%	383,3 k €	+13.7%	337 k €	-19.0%	416,2 k €	+242%	121,8 k €	-2.3%	124,6 k €	-18.2%	152,3 k €
Total assets	523,1 k €	+16.6%	448,5 k €	+7.3%	418 k €	+5.3%	396,8 k €	+14.1%	347,7 k €	-20.7%	438,7 k €	-17.1%	529,2 k €	-6.8%	567,6 k €	+9.5%	518,6 k €	+39.2%	372,7 k €	-21.0%	471,6 k €	+15.1%	409,7 k €
Cash	315,5 k €	+38.6%	227,7 k €	+11.1%	204,9 k €	-0.3%	205,6 k €	+25.7%	163,6 k €	-3.7%	169,7 k €	-28.5%	237,3 k €	-11.4%	267,8 k €	+28.4%	208,6 k €	+2838%	7,1 k €	-27.5%	9,8 k €	-57.9%	23,3 k €
Debts	235,1 k €	+140%	98 k €	+12.2%	87,4 k €	-0.4%	87,7 k €	+88.9%	46,4 k €	-70.1%	155,5 k €	+6.6%	145,8 k €	-36.8%	230,6 k €	+125%	102,4 k €	-59.0%	249,8 k €	-27.8%	345,9 k €	+34.4%	257,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

RENALDO MARTINES

Manager

Active

Ended mandates

RENALDO MARTINES

Manager · since 04 août 2006 · until 04 août 2006

Ended

Renaldo Martines

Manager · since 25 janvier 2001

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	23/07/2026	29/08/2025	30/08/2024	25/07/2023	28/07/2022	26/07/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	24/05/2022	25/05/2021
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
Micro model	31/12/2025	26/05/2026	23/07/2026	French	PDF
Micro model	31/12/2024	27/05/2025	29/08/2025	French	PDF
Micro model	31/12/2023	28/05/2024	30/08/2024	French	PDF
Micro model	31/12/2022	23/05/2023	25/07/2023	French	PDF
Micro model	31/12/2021	24/05/2022	28/07/2022	French	PDF
Micro model	31/12/2020	25/05/2021	26/07/2021	French	PDF
Micro model	31/12/2019	26/05/2020	23/07/2020	French	PDF
Micro model	31/12/2018	28/05/2019	22/07/2019	French	PDF
Micro model	31/12/2017	22/05/2018	17/09/2018	French	PDF
Micro model	31/12/2016	30/06/2017	19/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	16/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	05/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	27/10/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	23/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 2 ended

Active mandates

RENALDO MARTINES

Manager

Active

Ended mandates

RENALDO MARTINES

Manager · since 04 août 2006 · until 04 août 2006

Ended

Renaldo Martines

Manager · since 25 janvier 2001

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office12/01/2012
SIEGE SOCIAL
PDF
Mandates27/06/2007
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025104,6 k €↑
2024
Annual accounts 202466,2 k €↓
2023
Annual accounts 202386,2 k €↑
2022
Annual accounts 202272,4 k €↑
2021
Annual accounts 202156,1 k €↑
2020
Annual accounts 202038,6 k €↓
2019
Annual accounts 201946,3 k €↓
2018
Annual accounts 201865,9 k €↑
2017
Annual accounts 201735,6 k €↑
2008
Annual accounts 2008-2,9 k €↓
2007
Annual accounts 200722,3 k €↓
2006
Annual accounts 200654,6 k €
26/01/2001
IncorporationPrivate 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

MARTINES

Overview

What does MARTINES do?

Trend over 12 financial years

Indicative valuation

Board of directors

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