ACTIVE

Appletree

Financial year 2025 · Closed on 31/12/2025

Net result-5,6 k €-110,4 %over 1 year

Gross margin-5,1 k €-88,8 %over 1 year

Equity5,8 k €-49,1 %over 1 year

Identity

Source · BCE/KBO

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· main 72110Research and experimental development on biotechnology

Signals

Solid equityGood liquidity

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-5,1 k €	-88.8%	-2,7 k €	+28.0%	-3,7 k €	-33.6%	-2,8 k €	-419%	876,8 €
EBITDA	-5,5 k €	-69.6%	-3,2 k €	+21.6%	-4,1 k €	-31.1%	-3,1 k €	-694%	529,3 €
Operating result	-5,5 k €	-69.6%	-3,2 k €	+21.6%	-4,1 k €	-31.1%	-3,1 k €	-694%	529,3 €
Net result	-5,6 k €	-110%	-2,7 k €	+42.4%	-4,6 k €	-35.3%	-3,4 k €	-1638%	222,6 €
Balance sheet
Equity	5,8 k €	-49.1%	11,4 k €	-18.9%	14,1 k €	-24.7%	18,7 k €	-15.5%	22,2 k €
Total assets	10,1 k €	-18.3%	12,4 k €	-16.9%	14,9 k €	-21.5%	19 k €	-20.3%	23,8 k €
Cash	8,3 k €	-25.3%	11,1 k €	+155%	4,3 k €	-13.8%	5 k €	+225%	1,5 k €
Debts	4,3 k €	+344%	970,4 €	+18.2%	820,9 €	+206%	268,1 €	-84.1%	1,7 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Jan Markus Granlund	Directorsince 27/06/2025

Ended mandates

Director	Mandates in this company	Period
Georg MATHIS	Director25/03/2013 → 2023 accountsManager25/03/2013 → 2018 accounts
Kuo Wei CHAN	Manager25/03/2013 → 30/09/2014

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Full financial information

Source · NBB

	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	18/02/2026	27/06/2025	15/07/2024	03/07/2023	29/06/2022	21/06/2021
General meeting	16/02/2026	27/06/2025	28/06/2024	28/06/2023	28/06/2022	15/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/02/2026	18/02/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	15/07/2024	French	PDF
Abridged model	31/12/2022	28/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	15/03/2021	21/06/2021	French	PDF
Abridged model	31/12/2018	12/04/2019	21/05/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	28/06/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	15/07/2014	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Jan Markus Granlund	Directorsince 27/06/2025

Ended mandates

Director	Mandates in this company	Period
Georg MATHIS	Director25/03/2013 → 2023 accountsManager25/03/2013 → 2018 accounts
Kuo Wei CHAN	Manager25/03/2013 → 30/09/2014

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Jan Markus Granlund

Georg MATHIS

Kuo Wei CHAN

20132014201520162017201820192020202120222023202420252026

Appletree

Avenue Louise 523, 1050 Ixelles

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 523, 1050 IxellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00042254

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AppletreeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00042254

Events

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

Appletree

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events