ACTIVE

Appletree

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Financial year 2025 · closed on 31/12/2025
Net result
-5,6 k €
-110.4% YoY
Gross margin
-5,1 k €
-88.8% YoY
Equity
5,8 k €
-49.1% YoY

What does Appletree do?

Appletree is a Private company with limited liability incorporated in 2013. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0524.800.781
Incorporation
25/03/2013
Legal form
Private company with limited liability
Registered office
Avenue Louise 523
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
72101Research and experimental development on natural sciences and engineering· main72110Research and experimental development on biotechnology
Signals
Solid equityGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201820172016201520142013
Income statement
Gross margin-5,1 k €-2,7 k €-3,7 k €-2,8 k €876,8 €692,1 €422,1 €-3,7 k €5 k €121,3 k €494,7 k €359,1 k €
EBITDA-5,5 k €-3,2 k €-4,1 k €-3,1 k €529,3 €344,6 €74,6 €-4,1 k €5,4 k €-751,5 €61 k €60,6 k €
Operating result-5,5 k €-3,2 k €-4,1 k €-3,1 k €529,3 €344,6 €74,6 €-4,1 k €5,4 k €-751,5 €60,1 k €60,3 k €
Net result-5,6 k €-2,7 k €-4,6 k €-3,4 k €222,6 €75,8 €-193,5 €-4,9 k €-150,7 €-1,7 k €33,9 k €36,2 k €
Balance sheet
Equity5,8 k €11,4 k €14,1 k €18,7 k €22,2 k €21,9 k €21,8 k €32 k €86,9 k €87 k €82,5 k €48,6 k €
Total assets10,1 k €12,4 k €14,9 k €19 k €23,8 k €64,1 k €126,2 k €88,3 k €102,2 k €476 k €320,8 k €144,1 k €
Cash8,3 k €11,1 k €4,3 k €5 k €1,5 k €6,9 k €10,4 k €1,9 k €762,7 €3,7 k €149,8 k €126,4 k €
Debts4,3 k €970,4 €820,9 €268,1 €1,7 k €42,2 k €104,4 k €56,3 k €15,4 k €389 k €209,1 k €95,5 k €
Other
Workforce–––––––––2,9 ETP4,0 ETP3,9 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 · 1 active · 4 ended

Active mandates

Jan Markus Granlund

Director · since 27 juin 2025

Active

Ended mandates

Georg MATHIS

Director · since 25 mars 2013

Ended
Georg MATHIS

Manager · since 25 mars 2013

Ended
Kuo Wei CHAN

Manager · since 25 mars 2013 · until 30 septembre 2014

Ended
Kuo Wei CHAN

Manager · since 25 mars 2013

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/02/202627/06/202515/07/202403/07/202329/06/202221/06/2021
General meeting16/02/202627/06/202528/06/202428/06/202328/06/202215/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/02/202618/02/2026FrenchPDF
Abridged model31/12/202427/06/202527/06/2025FrenchPDF
Abridged model31/12/202328/06/202415/07/2024FrenchPDF
Abridged model31/12/202228/06/202303/07/2023FrenchPDF
Abridged model31/12/202128/06/202229/06/2022FrenchPDF
Abridged model31/12/202015/03/202121/06/2021FrenchPDF
Abridged model31/12/201812/04/201921/05/2019FrenchPDF
Abridged model31/12/201728/06/201829/06/2018FrenchPDF
Abridged model31/12/201628/06/201724/08/2017FrenchPDF
Abridged model31/12/201528/06/201629/06/2016FrenchPDF
Abridged model31/12/201428/06/201514/07/2015FrenchPDF
Abridged model31/12/201328/06/201415/07/2014FrenchPDF
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 · 1 active · 4 ended

Active mandates

Jan Markus Granlund

Director · since 27 juin 2025

Active

Ended mandates

Georg MATHIS

Director · since 25 mars 2013

Ended
Georg MATHIS

Manager · since 25 mars 2013

Ended
Kuo Wei CHAN

Manager · since 25 mars 2013 · until 30 septembre 2014

Ended
Kuo Wei CHAN

Manager · since 25 mars 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Court decision13/05/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Mandates23/08/2024
    Démission - Nomination d'administrateur
    PDF
  • Mandates10/09/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/04/2015
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/11/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Other27/03/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-5,6 k €↓
  2. 2024
    Annual accounts 2024-2,7 k €↑
  3. 2023
    Annual accounts 2023-4,6 k €↓
  4. 2022
    Annual accounts 2022-3,4 k €↓
  5. 2021
    Annual accounts 2021222,6 €↑
  6. 2020
    Annual accounts 202075,8 €↑
  7. 2018
    Annual accounts 2018-193,5 €↑
  8. 2017
    Annual accounts 2017-4,9 k €↓
  9. 2016
    Annual accounts 2016-150,7 €↑
  10. 2015
    Annual accounts 2015-1,7 k €↓
  11. 2014
    Annual accounts 201433,9 k €↓
  12. 2013
    Annual accounts 201336,2 k €
  13. 25/03/2013
    IncorporationPrivate company with limited liability