ACTIVE

BTREE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

16 k €

-23.8% YoY

Gross margin

57,6 k €

-9.1% YoY

Equity

190,9 k €

+9.1% YoY

What does BTREE do?

BTREE is a Private limited company incorporated in 2012. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Lichtervelde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.220.296

Incorporation

01/03/2012

Legal form

Private limited company

Registered office

Mortelputstraat 13
8810 Lichtervelde · FlandreSee on map

Contributed capital

60 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68322Management of real estate on a fee or contract basis 66300Fund management activities 66300Fund management activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	57,6 k €	-9.1%	63,4 k €	+4.0%	60,9 k €	+6.6%	57,1 k €	+5.9%	53,9 k €	+1.1%	53,3 k €	+0.4%	53,1 k €	+2.4%	51,9 k €	+0.7%	51,5 k €	+1.1%	50,9 k €	+2.4%	49,8 k €	-1.6%	50,6 k €	+70.5%	29,7 k €
EBITDA	52,6 k €	-10.5%	58,8 k €	+4.3%	56,4 k €	+6.4%	53 k €	+6.2%	49,9 k €	+1.1%	49,3 k €	-0.0%	49,4 k €	+2.5%	48,2 k €	+0.6%	47,9 k €	+4.9%	45,6 k €	-1.2%	46,2 k €	-1.9%	47,1 k €	+59.2%	29,6 k €
Operating result	28 k €	-18.1%	34,1 k €	+7.6%	31,7 k €	+12.0%	28,3 k €	+12.3%	25,2 k €	+2.2%	24,7 k €	-0.1%	24,7 k €	+5.0%	23,5 k €	+1.4%	23,2 k €	+11.6%	20,8 k €	-2.6%	21,3 k €	-4.0%	22,2 k €	+13.1%	19,6 k €
Net result	16 k €	-23.8%	21 k €	+16.2%	18,1 k €	+23.3%	14,7 k €	+29.1%	11,3 k €	+15.3%	9,8 k €	+4.3%	9,4 k €	+25.3%	7,5 k €	+13.6%	6,6 k €	+42.0%	4,7 k €	+3.0%	4,5 k €	-4.2%	4,7 k €	+93.5%	2,4 k €
Balance sheet
Equity	190,9 k €	+9.1%	174,9 k €	+13.6%	153,9 k €	+13.3%	135,8 k €	+12.1%	121,2 k €	+10.3%	109,8 k €	+9.8%	100 k €	+10.4%	90,5 k €	+9.1%	83 k €	+8.7%	76,4 k €	+6.5%	71,7 k €	+6.7%	67,2 k €	+7.6%	62,4 k €
Total assets	307,9 k €	-12.3%	350,9 k €	-2.9%	361,4 k €	-4.3%	377,6 k €	-8.0%	410,2 k €	-5.3%	433,3 k €	-4.7%	454,5 k €	-4.9%	478,1 k €	-3.7%	496,6 k €	-5.1%	523,2 k €	-3.9%	544,4 k €	-4.5%	569,9 k €	-8.4%	621,9 k €
Cash	22,1 k €	-45.3%	40,3 k €	+52.8%	26,4 k €	+49.7%	17,6 k €	-20.3%	22,1 k €	-10.9%	24,8 k €	+16.2%	21,4 k €	+28.1%	16,7 k €	+17.5%	14,2 k €	-11.7%	16,1 k €	+49.9%	10,7 k €	+44.2%	7,4 k €	-80.6%	38,4 k €
Debts	115,5 k €	-33.6%	173,9 k €	-15.3%	205,3 k €	-14.3%	239,5 k €	-16.5%	286,8 k €	-10.7%	321,3 k €	-8.8%	352,3 k €	-8.6%	385,3 k €	-6.3%	411,4 k €	-7.5%	444,6 k €	-5.5%	470,5 k €	-6.0%	500,5 k €	-10.2%	557,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

BUS & S

Director · 0818.859.053

Represented by Henk DEMEULEMEESTER

Active

FM AUTOMATION

Director · 0480.016.475

Represented by Filip MARTENS

Active

THB

Director · 0882.451.164

Represented by Hakim Bouffarra

Active

Ended mandates

THB

Manager · since 28 mai 2020 · 0882.451.164

Represented by Hakim Bouffarra

Ended

Tom Decorte BVBA

Manager · since 14 septembre 2018 · 0704.629.972

Represented by Tom Decorte

Ended

BUS & S

Manager · 0818.859.053

Represented by Henk Demeulemeester

Ended

BUS & S

Director · 0818.859.053

Represented by Henk Demeulemeester

Ended

At this address

Other companies at this address

Company	CBE no.
ATREE● Active	0838.080.889
ATUMIND● Active	1025.343.448
BUILDING TREE● Active	0849.290.032
DUPONT ELECTRO● Active	0885.374.527
VYTREE● Active	0789.939.195

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	06/06/2025	03/07/2024	18/07/2023	27/06/2022	29/06/2021
General meeting	31/07/2026	16/05/2025	07/06/2024	23/06/2023	03/06/2022	04/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/07/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	18/07/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	29/06/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	23/07/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	04/07/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 active · 13 ended

Active mandates

BUS & S

Director · 0818.859.053

Represented by Henk DEMEULEMEESTER

Active

FM AUTOMATION

Director · 0480.016.475

Represented by Filip MARTENS

Active

THB

Director · 0882.451.164

Represented by Hakim Bouffarra

Active

Ended mandates

THB

Manager · since 28 mai 2020 · 0882.451.164

Represented by Hakim Bouffarra

Ended

Tom Decorte BVBA

Manager · since 14 septembre 2018 · 0704.629.972

Represented by Tom Decorte

Ended

BUS & S

Manager · 0818.859.053

Represented by Henk Demeulemeester

Ended

BUS & S

Director · 0818.859.053

Represented by Henk Demeulemeester

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other16/03/2012
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

2025
Annual accounts 202516 k €↓
2024
Annual accounts 202421 k €↑
2023
Annual accounts 202318,1 k €↑
2022
Annual accounts 202214,7 k €↑
2021
Annual accounts 202111,3 k €↑
2020
Annual accounts 20209,8 k €↑
2019
Annual accounts 20199,4 k €↑
2018
Annual accounts 20187,5 k €↑
2017
Annual accounts 20176,6 k €↑
2016
Annual accounts 20164,7 k €↑
2015
Annual accounts 20154,5 k €↓
2014
Annual accounts 20144,7 k €↑
2013
Annual accounts 20132,4 k €
01/03/2012
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

BTREE

Overview

What does BTREE do?

Trend over 13 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