ACTIVE

MRTNS Equities

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Financial year 2025 · closed on 30/06/2025

Net result

4,6 k €

-96.8% YoY

Gross margin

237,7 k €

-20.3% YoY

Equity

145,4 k €

+3.2% YoY

What does MRTNS Equities do?

MRTNS Equities is a Private limited company incorporated in 2004. Its main activity is: Development of building projects. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.177.165

Incorporation

03/02/2004

Legal form

Private limited company

Registered office

Frankrijklei 5 box 401
2000 Antwerpen · FlandreSee on map

Contributed capital

48 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 64200Activities of holding companies 64210Activities of holding companies

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	237,7 k €	-20.3%	298,2 k €	+1866%	-16,9 k €	-123%	74 k €	-3.0%	76,3 k €	+48.0%	51,5 k €	+81.7%	28,4 k €	+492%	-7,2 k €	-62.5%	-4,5 k €	-123%	-2 k €	+47.7%	-3,8 k €	-3085%	127,9 €	-94.4%	2,3 k €	+129%	-7,8 k €	-1054%	817,5 €	-72.4%	3 k €	-64.2%	8,3 k €
EBITDA	235,4 k €	-14.3%	274,8 k €	+902%	-34,3 k €	-165%	52,6 k €	+29.6%	40,6 k €	-19.5%	50,4 k €	+80.6%	27,9 k €	+464%	-7,7 k €	-56.9%	-4,9 k €	-67.0%	-2,9 k €	+42.9%	-5,1 k €	-467%	-904 €	-162%	1,5 k €	+117%	-8,3 k €	-4935%	172,1 €	-93.0%	2,5 k €	-68.2%	7,8 k €
Operating result	226,3 k €	-15.9%	268,9 k €	+588%	-55,1 k €	-248%	37,2 k €	+68.7%	22 k €	-51.8%	45,7 k €	+66.5%	27,5 k €	+458%	-7,7 k €	-41.2%	-5,4 k €	+34.3%	-8,3 k €	+23.8%	-10,9 k €	-539%	-1,7 k €	-235%	1,3 k €	+115%	-8,5 k €	-41508%	-20,5 €	-101%	2,3 k €	-69.6%	7,5 k €
Net result	4,6 k €	-96.8%	144,6 k €	+265%	-87,8 k €	-7580%	1,2 k €	-71.4%	4,1 k €	-88.1%	34,4 k €	+25.5%	27,4 k €	+454%	-7,7 k €	-40.6%	-5,5 k €	+34.2%	-8,4 k €	+30.7%	-12,1 k €	-329%	-2,8 k €	-751%	431,1 €	+104%	-10,3 k €	-1083%	-871,5 €	-159%	1,5 k €	-68.2%	4,7 k €
Balance sheet
Equity	145,4 k €	+3.2%	140,8 k €	+422%	-43,8 k €	-199%	44 k €	+2.7%	42,8 k €	+10.6%	38,7 k €	+790%	4,4 k €	+119%	-23 k €	-50.5%	-15,3 k €	-56.1%	-9,8 k €	-578%	-1,4 k €	-117%	8,5 k €	-24.9%	11,3 k €	+4.0%	10,9 k €	-48.7%	21,2 k €	-4.0%	22 k €	+7.2%	20,6 k €
Total assets	4,7 M €	+640%	640,1 k €	-34.6%	978,3 k €	+6.9%	915,4 k €	+15.1%	795,2 k €	+475%	138,3 k €	+61.0%	85,9 k €	+173%	31,4 k €	+76.5%	17,8 k €	-18.5%	21,9 k €	-6.1%	23,3 k €	-30.7%	33,6 k €	-19.5%	41,7 k €	+2.5%	40,7 k €	-1.2%	41,2 k €	+7.9%	38,2 k €	-27.0%	52,3 k €
Cash	132,2 k €	+156%	51,6 k €	+33.1%	38,8 k €	-61.4%	100,5 k €	+15.2%	87,2 k €	+130%	38 k €	+248%	10,9 k €		–		611 €	-66.7%	1,8 k €	+101%	913,8 €	-83.3%	5,5 k €	-19.9%	6,9 k €	-28.3%	9,6 k €	+59.8%	6 k €	+873%	614,8 €	-87.1%	4,8 k €
Debts	4,6 M €	+819%	499,3 k €	-51.1%	1 M €	+17.3%	871,4 k €	+15.9%	751,7 k €	+655%	99,6 k €	+22.5%	81,3 k €	+50.0%	54,2 k €	+63.7%	33,1 k €	+56.6%	21,1 k €	+34.8%	15,7 k €	-10.7%	17,6 k €	-23.1%	22,8 k €	-23.5%	29,8 k €	+49.0%	20 k €	+26.0%	15,9 k €	-50.0%	31,8 k €

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 30/06/2025 · 1 active · 6 ended

Active mandates

Nicolas Mertens

Director · since 28 décembre 2022

Active

Ended mandates

Nicolas Bestuurder

Director · since 01 juillet 2016

Ended

Nicolas Mertens

Manager · since 01 juillet 2016

Ended

Véronique De Clippel

Manager · since 01 avril 2008

Ended

Philippe Mertens

Manager · since 30 janvier 2004

Ended

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Annual accounts

Full financial information

	2025	2023	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/04/2017
Closing of the financial year	30/06/2025	30/09/2023	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	21 months	21 months	12 months	12 months	12 months	21 months
Filing date	26/06/2026	02/01/2024	14/07/2022	31/08/2021	22/12/2020	22/07/2019
General meeting	01/10/2025	26/12/2023	17/06/2022	18/06/2021	19/06/2020	21/06/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	01/10/2025	26/06/2026	Dutch	PDF
Micro model	30/09/2023	26/12/2023	02/01/2024	Dutch	PDF
Micro model	31/12/2021	17/06/2022	14/07/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	22/12/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	22/07/2019	Dutch	PDF
Micro model	31/03/2017	30/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	31/10/2016	Dutch	PDF
Abridged model	31/03/2015	30/09/2015	25/11/2015	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	31/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	24/10/2013	Dutch	PDF
Abridged model	31/03/2012	30/09/2012	31/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	19/10/2011	Dutch	PDF
Abridged model	31/03/2010	06/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/03/2009	30/09/2009	01/10/2009	Dutch	PDF
Abridged model	31/03/2008	30/09/2008	30/10/2008	Dutch	PDF
Abridged model	31/03/2007	28/09/2007	31/10/2007	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 30/06/2025 · 1 active · 6 ended

Active mandates

Nicolas Mertens

Director · since 28 décembre 2022

Active

Ended mandates

Nicolas Bestuurder

Director · since 01 juillet 2016

Ended

Nicolas Mertens

Manager · since 01 juillet 2016

Ended

Véronique De Clippel

Manager · since 01 avril 2008

Ended

Philippe Mertens

Manager · since 30 janvier 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office11/08/2026
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/07/2026
MAATSCHAPPELIJKE ZETEL
PDF
Annual accounts25/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - JAARREKENINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other30/09/2024
BENAMING - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares07/08/2023
KAPITAAL - AANDELEN
PDF
Mandates16/02/2023
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office15/01/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office25/06/2018
MAATSCHAPPELIJKE ZETEL
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 20254,6 k €↓
2025
Name changeMRTNS Equities
2023
Annual accounts 2023144,6 k €↑
2021
Annual accounts 2021-87,8 k €↓
2020
Annual accounts 20201,2 k €↓
2019
Annual accounts 20194,1 k €↓
2018
Annual accounts 201834,4 k €↑
2017
Annual accounts 201727,4 k €↑
2016
Annual accounts 2016-7,7 k €↓
2015
Annual accounts 2015-5,5 k €↑
2014
Annual accounts 2014-8,4 k €↑
2013
Annual accounts 2013-12,1 k €↓
2012
Annual accounts 2012-2,8 k €↓
2011
Annual accounts 2011431,1 €↑
2010
Annual accounts 2010-10,3 k €↓
2009
Annual accounts 2009-871,5 €↓
2008
Annual accounts 20081,5 k €↓
2007
Annual accounts 20074,7 k €
2007
Name changeSTYLECOM
03/02/2004
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

MRTNS Equities

Overview

What does MRTNS Equities do?

Trend over 17 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