ACTIVE

MARTHA

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Financial year 2025 · closed on 31/12/2025

Net result

291,9 k €

+20.2% YoY

Gross margin

2,5 M €

-0.2% YoY

Equity

1,4 M €

0.0% YoY

What does MARTHA do?

MARTHA is a Private limited company incorporated in 2007. Its main activity is: Construction of buildings. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.708.429

Incorporation

29/08/2007

Legal form

Private limited company

Registered office

Dalkruidlaan 5
2610 Antwerpen · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 43350Building completion and finishing+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,5 M €	-0.2%	2,5 M €	+8.5%	2,3 M €	+6.9%	2,1 M €	+29.4%	1,7 M €	+9.8%	1,5 M €	-9.4%	1,7 M €	+31.7%	1,3 M €	+36.0%	925,9 k €	+36.8%	676,9 k €	+20.8%	560,5 k €	+44.4%	388,1 k €	+15.1%	337,3 k €	+33.4%	252,8 k €	+62.5%	155,6 k €	+57.0%	99,1 k €	+41.1%	70,3 k €	+3856%	1,8 k €
EBITDA	622,7 k €	+2.6%	607 k €	+10.0%	551,8 k €	-24.0%	725,8 k €	+102%	360 k €	+6.1%	339,4 k €	-47.8%	650,5 k €	+84.4%	352,8 k €	+79.0%	197,1 k €	+12.2%	175,6 k €	-15.5%	207,8 k €	+50.9%	137,7 k €	+54.6%	89,1 k €	-23.9%	117 k €	+60.4%	72,9 k €	+16.0%	62,9 k €	+67.8%	37,5 k €	+2072%	1,7 k €
Operating result	438,4 k €	+10.2%	397,8 k €	+6.1%	374,9 k €	-34.5%	572,3 k €	+156%	223,4 k €	+17.6%	189,9 k €	-59.1%	463,9 k €	+69.7%	273,3 k €	+76.0%	155,3 k €	+8.5%	143,1 k €	-21.1%	181,5 k €	+59.7%	113,6 k €	+63.8%	69,3 k €	-35.4%	107,3 k €	+63.9%	65,5 k €	+48.7%	44,1 k €	+101%	21,9 k €	+313%	-10,3 k €
Net result	291,9 k €	+20.2%	242,8 k €	-0.3%	243,4 k €	-30.8%	351,9 k €	+192%	120,7 k €	+5.9%	113,9 k €	-64.8%	323,3 k €	+70.4%	189,8 k €	+95.1%	97,3 k €	+19.7%	81,3 k €	+1.7%	79,9 k €	+12.5%	71 k €	+109%	34 k €	-46.0%	62,9 k €	+73.8%	36,2 k €	+2.0%	35,5 k €	+116%	16,4 k €	+255%	-10,6 k €
Balance sheet
Equity	1,4 M €	0.0%	1,4 M €	-9.8%	1,5 M €	+18.8%	1,3 M €	+1.8%	1,3 M €	+10.5%	1,2 M €	+11.0%	1 M €	+45.3%	713,6 k €	+36.2%	523,8 k €	+22.8%	426,5 k €	+23.5%	345,3 k €	+30.1%	265,4 k €	+36.6%	194,3 k €	+21.2%	160,4 k €	+64.5%	97,5 k €	+59.0%	61,3 k €	+137%	25,8 k €	+29.1%	20 k €
Total assets	3,4 M €	-17.2%	4,1 M €	+29.4%	3,2 M €	+16.6%	2,7 M €	+17.3%	2,3 M €	+11.2%	2,1 M €	-6.9%	2,3 M €	+12.4%	2 M €	+18.7%	1,7 M €	+47.6%	1,1 M €	+14.3%	1 M €	+14.1%	878,7 k €	+78.1%	493,3 k €	-7.2%	531,8 k €	-7.6%	575,8 k €	+9.0%	528,1 k €	+76.8%	298,7 k €	+33.9%	223 k €
Cash	749,3 k €	-30.6%	1,1 M €	+32.9%	812,8 k €	-6.6%	869,9 k €	+256%	244,3 k €	-43.2%	429,8 k €	+12.8%	381 k €	-41.6%	652,4 k €	+19.7%	545,2 k €	+130%	237,1 k €	-43.5%	419,4 k €	-6.1%	446,9 k €	+126%	197,5 k €	+47.8%	133,6 k €	-51.0%	272,8 k €	+72.0%	158,6 k €	+296%	40,1 k €	+756%	4,7 k €
Debts	2 M €	-25.9%	2,7 M €	+65.6%	1,7 M €	+14.7%	1,4 M €	+35.7%	1,1 M €	+12.2%	950,9 k €	-22.2%	1,2 M €	-5.7%	1,3 M €	+10.8%	1,2 M €	+62.3%	720,3 k €	+9.5%	657,7 k €	+12.9%	582,6 k €	+117%	268,3 k €	-21.3%	340,7 k €	-23.9%	447,6 k €	+2.6%	436,2 k €	+80.1%	242,2 k €	+19.3%	203 k €
Other
Workforce	–		–		–		–		23,8 ETP		–		20,8 ETP	+10.6%	18,8 ETP	+12.6%	16,7 ETP	+53.2%	10,9 ETP	+34.6%	8,1 ETP	+1.2%	8,0 ETP	+50.9%	5,3 ETP	+96.3%	2,7 ETP	+68.8%	1,6 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Frédéric Willocx

Director · since 20 mars 2024

Active

Ended mandates

Tine Beckx

Manager · since 17 octobre 2012

Ended

Jo Stevens

Director · until 20 mars 2024

Ended

Jo Stevens

Director

Ended

JO STEVENS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
JACK!● Active	0848.927.073
JACK HOLDING● Active	1031.190.172
MARTHA BOUWGROEP● Active	1007.366.972
MARTHA HOUTTEAM● Active	1031.847.990
Rialto Land Development● Active	0714.955.128
TERRA● Active	0657.917.841
TURNHOUTSE SCHRIJN-& INTERIEURWERKEN● Active	0880.717.537

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	02/07/2026	11/07/2025	01/07/2024	31/08/2023	04/07/2022	25/06/2021
General meeting	29/06/2026	14/05/2025	28/06/2024	30/06/2023	13/06/2022	24/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	14/05/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	21/04/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/04/2015	02/04/2015	Dutch	PDF
Abridged model	31/12/2013	28/01/2014	24/04/2014	Dutch	PDF
Abridged model	31/12/2012	28/03/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	06/03/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/07/2010	09/09/2010	Dutch	PDF
Abridged model	31/12/2008	29/08/2009	03/12/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 6 ended

Active mandates

Frédéric Willocx

Director · since 20 mars 2024

Active

Ended mandates

Tine Beckx

Manager · since 17 octobre 2012

Ended

Jo Stevens

Director · until 20 mars 2024

Ended

Jo Stevens

Director

Ended

JO STEVENS

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/04/2017
Verplaatsing Maatschappelijke Zetel
PDF
Mandates28/11/2014
ONTSLAG
PDF
Mandates21/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/10/2012
wijziging doel - zetelverplaatsing - wijziging artikel 10 - volmacht
PDF
Other06/09/2007
OPRICHTING
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 2025291,9 k €↑
2024
Annual accounts 2024242,8 k €↓
2023
Annual accounts 2023243,4 k €↓
2022
Annual accounts 2022351,9 k €↑
2021
Annual accounts 2021120,7 k €↑
2020
Annual accounts 2020113,9 k €↓
2019
Annual accounts 2019323,3 k €↑
2018
Annual accounts 2018189,8 k €↑
2017
Annual accounts 201797,3 k €↑
2016
Annual accounts 201681,3 k €↑
2015
Annual accounts 201579,9 k €↑
2014
Annual accounts 201471 k €↑
2013
Annual accounts 201334 k €↓
2012
Annual accounts 201262,9 k €↑
2011
Annual accounts 201136,2 k €↑
2010
Annual accounts 201035,5 k €↑
2009
Annual accounts 200916,4 k €↑
2008
Annual accounts 2008-10,6 k €
29/08/2007
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

MARTHA

Overview

What does MARTHA do?

Trend over 18 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