ACTIVE

TREE

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Financial year 2025 · closed on 30/06/2025
Net result
50,9 k €
+38.3% YoY
Gross margin
553,7 k €
+17.1% YoY
Equity
674,8 k €
-3.9% YoY
Workforce
7,0 ETP
+14.8% YoY

What does TREE do?

TREE is a Private limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Mortsel. It employs on average 7,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.111.951
Incorporation
04/10/2011
Legal form
Private limited company
Registered office
Jozef Hermanslei 45
2640 Mortsel · FlandreSee on map
Contributed capital
8 460,00 €
Latest accounts
30/06/2025
Average workforce
7,0 ETP
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin553,7 k €473,1 k €611,6 k €416,8 k €233,1 k €125,2 k €203,9 k €47,7 k €26,7 k €48,6 k €34,8 k €10,8 k €58,2 k €
EBITDA81,7 k €72,8 k €299,5 k €243,7 k €143,7 k €73,3 k €193,8 k €47,5 k €26,7 k €48,4 k €34,8 k €10,7 k €35,8 k €
Operating result56,3 k €49,9 k €292,2 k €242,9 k €142,4 k €72,8 k €193,3 k €47,5 k €26,7 k €48 k €34 k €8,6 k €32,4 k €
Net result50,9 k €36,8 k €201,6 k €170,2 k €101,5 k €52,1 k €131,9 k €28,5 k €16,1 k €28,4 k €20,5 k €5,8 k €20,8 k €
Balance sheet
Equity674,8 k €702,6 k €694,3 k €508,8 k €372,7 k €291,8 k €239,6 k €107,7 k €79,3 k €63,2 k €34,8 k €33,2 k €27,4 k €
Total assets939,8 k €1 M €928 k €804,9 k €565,7 k €409,6 k €376,7 k €213,4 k €116,8 k €82,5 k €63,8 k €47,3 k €51,5 k €
Cash374,2 k €350,4 k €623,6 k €506,7 k €418,4 k €226,2 k €218,8 k €82,9 k €97,2 k €51,9 k €59,9 k €32,6 k €37,4 k €
Debts264,9 k €345,1 k €233,7 k €296,1 k €193 k €117,8 k €137,1 k €105,7 k €37,6 k €19,3 k €29 k €14,1 k €24,1 k €
Other
Workforce7,0 ETP6,1 ETP5,5 ETP–––––––––0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 6 ended

Active mandates

ERWIN BERGHMANS

Director

Active
MICHIEL NUYTEMANS

Director

Active

Ended mandates

MICHIEL NUYTEMANS

Manager · since 01 juillet 2018

Ended
ERWIN BERGHMANS

Manager · since 01 janvier 2015

Ended
ERWIN BERGHMANS

Manager

Ended
FILIP THIRION

Manager · until 01 janvier 2015

Ended
At this address

Other companies at this address

CompanyCBE no.
VONK MJ● Active
1003.960.193
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/01/202631/01/202529/01/202430/01/202328/01/202229/01/2021
General meeting01/12/202502/12/202404/12/202305/12/202206/12/202107/12/2020
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202501/12/202530/01/2026DutchPDF
Abridged model30/06/202402/12/202431/01/2025DutchPDF
Abridged model30/06/202304/12/202329/01/2024DutchPDF
Micro model30/06/202205/12/202230/01/2023DutchPDF
Micro model30/06/202106/12/202128/01/2022DutchPDF
Micro model30/06/202007/12/202029/01/2021DutchPDF
Micro model30/06/201902/12/201914/01/2020DutchPDF
Micro model30/06/201803/12/201814/01/2019DutchPDF
Micro model30/06/201704/12/201724/01/2018DutchPDF
Abridged model30/06/201605/12/201616/01/2017DutchPDF
Abridged model30/06/201507/12/201502/02/2016DutchPDF
Abridged model30/06/201401/12/201422/12/2014DutchPDF
Abridged model30/06/201302/12/201325/02/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 6 ended

Active mandates

ERWIN BERGHMANS

Director

Active
MICHIEL NUYTEMANS

Director

Active

Ended mandates

MICHIEL NUYTEMANS

Manager · since 01 juillet 2018

Ended
ERWIN BERGHMANS

Manager · since 01 janvier 2015

Ended
ERWIN BERGHMANS

Manager

Ended
FILIP THIRION

Manager · until 01 janvier 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares26/11/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates08/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/03/2015
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/10/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202550,9 k €↑
  2. 2024
    Annual accounts 202436,8 k €↓
  3. 2023
    Annual accounts 2023201,6 k €↑
  4. 2022
    Annual accounts 2022170,2 k €↑
  5. 2021
    Annual accounts 2021101,5 k €↑
  6. 2020
    Annual accounts 202052,1 k €↓
  7. 2019
    Annual accounts 2019131,9 k €↑
  8. 2018
    Annual accounts 201828,5 k €↑
  9. 2017
    Annual accounts 201716,1 k €↓
  10. 2016
    Annual accounts 201628,4 k €↑
  11. 2015
    Annual accounts 201520,5 k €↑
  12. 2014
    Annual accounts 20145,8 k €↓
  13. 2013
    Annual accounts 201320,8 k €
  14. 04/10/2011
    IncorporationPrivate limited company