ACTIVE

TREESTONE

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Financial year 2025 · closed on 31/12/2025
Net result
605,7 k €
+99.9% YoY
Gross margin
-14,4 k €
+14.1% YoY
Equity
9,7 M €
+6.6% YoY

What does TREESTONE do?

TREESTONE is a Private limited company incorporated in 2019. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Herstal.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.847.821
Incorporation
19/11/2019
Legal form
Private limited company
Registered office
Rue des Alouettes 90
4041 Herstal · WallonieSee on map
Contributed capital
6 431 570,40 €
Latest accounts
31/12/2025
Activities (NACE)
82990Other business support service activities n.e.c.· main64210Activities of holding companies
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin-14,4 k €-16,8 k €-9,1 k €-5,5 k €-33,2 k €-3,1 k €
EBITDA-15,4 k €-17,8 k €-10,1 k €-6,4 k €-33,5 k €-3,8 k €
Operating result-15,4 k €-17,8 k €-10,1 k €-6,4 k €-33,5 k €-3,8 k €
Net result605,7 k €302,9 k €399,7 k €291,5 k €899,2 k €787,5 k €
Balance sheet
Equity9,7 M €9,1 M €3,1 M €2,7 M €2,4 M €1,5 M €
Total assets11,0 M €11,2 M €5,0 M €5,0 M €5,1 M €2,4 M €
Cash169,8 k €50,3 k €30,8 k €87,0 k €88,3 k €148,9 k €
Debts1,3 M €2,1 M €1,9 M €2,3 M €2,6 M €849,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Antoine DUCHATEAU

Director · since 02 mai 2023 · until 04 mai 2027

Active
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · 0467.731.030

Represented by Sandro ARDIZZONE

Active
Boxwood Consulting

Managing director · since 18 novembre 2019 · 0545.880.267

Represented by Naji EL-MASRI

Active
MA MA THO MANAGEMENT

Director · since 18 novembre 2019 · 0811.019.770

Represented by Alain GENARD

Active

Ended mandates

Antoine Duchateau

Director · since 02 mai 2023 · until 02 mai 2027

Ended
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · until 06 mai 2025 · 0467.731.030

Represented by Frédéric Puchain

Ended
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · until 10 juin 2025 · 0467.731.030

Represented by Frédéric Pouchain

Ended
Whitestone Group

Chairman of the board of directors · since 04 mai 2021 · 0467.731.030

Represented by Frédéric Pouchain

Ended
At this address

Other companies at this address

CompanyCBE no.
ATIMA-TPIM● Active
0426.974.697
ECOTYS● Active
0807.665.847
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202119/11/2019
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 months14 months
Filing date10/06/202628/08/202520/08/202425/07/202308/08/202210/06/2021
General meeting01/06/202610/06/202523/05/202402/05/202303/05/202204/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202610/06/2026FrenchPDF
Abridged model31/12/202410/06/202528/08/2025FrenchPDF
Abridged model31/12/202323/05/202420/08/2024FrenchPDF
Abridged model31/12/202202/05/202325/07/2023FrenchPDF
Abridged model31/12/202103/05/202208/08/2022FrenchPDF
Abridged model31/12/202004/05/202110/06/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 11 ended

Active mandates

Antoine DUCHATEAU

Director · since 02 mai 2023 · until 04 mai 2027

Active
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · 0467.731.030

Represented by Sandro ARDIZZONE

Active
Boxwood Consulting

Managing director · since 18 novembre 2019 · 0545.880.267

Represented by Naji EL-MASRI

Active
MA MA THO MANAGEMENT

Director · since 18 novembre 2019 · 0811.019.770

Represented by Alain GENARD

Active

Ended mandates

Antoine Duchateau

Director · since 02 mai 2023 · until 02 mai 2027

Ended
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · until 06 mai 2025 · 0467.731.030

Represented by Frédéric Puchain

Ended
Whitestone Group

Chairman of the board of directors · since 03 mai 2022 · until 10 juin 2025 · 0467.731.030

Represented by Frédéric Pouchain

Ended
Whitestone Group

Chairman of the board of directors · since 04 mai 2021 · 0467.731.030

Represented by Frédéric Pouchain

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office21/01/2025
    SIEGE SOCIAL
    PDF
  • Mandates02/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/11/2019
    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 2025605,7 k €↑
  2. 2024
    Annual accounts 2024302,9 k €↓
  3. 2023
    Annual accounts 2023399,7 k €↑
  4. 2022
    Annual accounts 2022291,5 k €↓
  5. 2021
    Annual accounts 2021899,2 k €↑
  6. 2020
    Annual accounts 2020787,5 k €
  7. 19/11/2019
    IncorporationPrivate limited company