OPENING OF BANKRUPTCY

TREE-D

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Financial year 2023 · closed on 30/09/2023

Net result

-5,9 k €

-182.0% YoY

Gross margin

4,9 k €

-67.6% YoY

Equity

-110,9 k €

-5.6% YoY

Company — Opening of bankruptcy.

What does TREE-D do?

TREE-D is a Public limited company incorporated in 2004. Its main activity is: Shaping and processing of flat glass. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0865.638.292

Incorporation

07/06/2004

Legal form

Public limited company

Registered office

Avenue Paule 11
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2023

Activities (NACE)

23120Shaping and processing of flat glass· main 23120Shaping and processing of flat glass 26120Manufacture of loaded electronic boards 23130Manufacture of hollow glass 23130Manufacture of hollow glass 23150Manufacture of glass and glass products+3

Joint committees (1)

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	4,9 k €	-67.6%	15 k €	+39.5%	10,7 k €	+146%	4,4 k €	-85.8%	30,8 k €	+74.8%	17,6 k €	+365%	-6,7 k €	-122%	30,7 k €	+43.9%	21,3 k €	+43.6%	14,9 k €	-61.8%	38,9 k €	-16.6%	46,7 k €	-73.5%	176,4 k €	-47.3%	334,5 k €	+165%	126 k €	+113%	59,1 k €	-12.0%	67,2 k €
EBITDA	3,6 k €	-75.3%	14,7 k €	+72.8%	8,5 k €	+228%	-6,7 k €	-170%	9,5 k €	-9.4%	10,5 k €	+242%	-7,4 k €	-127%	27,1 k €	+90.5%	14,2 k €	+368%	-5,3 k €	-171%	7,5 k €	+20.1%	6,3 k €	-95.8%	148,2 k €	-52.5%	311,9 k €	+261%	86,4 k €	+93.9%	44,6 k €	-20.8%	56,3 k €
Operating result	3,3 k €	-74.3%	12,9 k €	+90.3%	6,8 k €	+181%	-8,4 k €	-203%	8,1 k €	-12.4%	9,2 k €	+180%	-11,5 k €	-153%	21,5 k €	+153%	8,5 k €	+126%	-32,1 k €	+72.1%	-115,2 k €	+13.9%	-133,7 k €	-3052%	-4,2 k €	-104%	117,5 k €	+2966%	3,8 k €	-76.8%	16,5 k €	-51.3%	34 k €
Net result	-5,9 k €	-182%	7,2 k €	+1656%	-460,4 €	+97.1%	-15,7 k €	-3623%	446,2 €	-84.8%	2,9 k €	+118%	-16,6 k €	-208%	15,4 k €	+315%	3,7 k €	+110%	-36,6 k €	+68.3%	-115,8 k €	+16.4%	-138,5 k €	-1182%	-10,8 k €	-109%	118,9 k €	+10916%	1,1 k €	-95.8%	25,9 k €	-4.3%	27,1 k €
Balance sheet
Equity	-110,9 k €	-5.6%	-105 k €	+6.4%	-112,2 k €	-0.4%	-111,7 k €	-16.4%	-96 k €	+0.5%	-96,4 k €	+3.0%	-99,4 k €	-20.1%	-82,8 k €	+15.7%	-98,2 k €	+3.7%	-101,9 k €	-56.1%	-65,3 k €	-229%	50,5 k €	-73.3%	189 k €	-5.4%	199,8 k €	+103%	98,6 k €	+1.1%	97,5 k €	+36.2%	71,6 k €
Total assets	33 k €	+20.2%	27,5 k €	-2.0%	28,1 k €	-31.6%	41 k €	-6.3%	43,8 k €	+1.9%	42,9 k €	+37.9%	31,1 k €	-29.6%	44,2 k €	-7.9%	48 k €	-3.6%	49,8 k €	-53.3%	106,7 k €	-49.9%	213 k €	-38.0%	343,6 k €	-30.6%	495,1 k €	-20.8%	625,1 k €	+231%	188,9 k €	+21.4%	155,5 k €
Cash	149,5 €		–		133,3 €	-47.0%	251,4 €	-78.2%	1,2 k €	-58.9%	2,8 k €		–		193 €	-9.4%	212,9 €		–		–		–		6,3 k €	+88.8%	3,3 k €	+847%	350,7 €	+38.7%	252,9 €	-95.9%	6,1 k €
Debts	143,9 k €	+8.6%	132,5 k €	-4.4%	138,6 k €	-8.3%	151,1 k €	+8.1%	139,8 k €	+0.3%	139,4 k €	+6.8%	130,5 k €	+2.8%	127 k €	-13.2%	146,2 k €	-3.6%	151,8 k €	-9.9%	168,4 k €	+3.6%	162,5 k €	+6.1%	153,2 k €	-47.9%	294,3 k €	-44.0%	526 k €	+644%	70,7 k €	-15.6%	83,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	+33.3%	1,5 ETP	+66.7%	0,9 ETP	-30.8%	1,3 ETP	+160%	0,5 ETP	0.0%	0,5 ETP

Governance

Board of directors

Seen on filing of 30/09/2023 · 2 active · 5 ended

Active mandates

P.H. CONSULT

Managing director · 0833.466.758

Active

XAVIER CHARLES PALM

Managing director

Active

Ended mandates

Pascal VERTONGEN

Director · since 01 juin 2004 · until 15 mars 2010

Ended

Xavier PALM

Managing director · since 01 juin 2004 · until 15 mars 2010

Ended

JEAN VANLAETHEM

Managing director

Ended

Rose marie WAGEMANS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
P.H. CONSULT● Active	0833.466.758

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018	01/10/2017
Closing of the financial year	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019	30/09/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/04/2024	26/04/2023	30/04/2022	30/04/2021	24/04/2020	03/05/2019
General meeting	18/03/2024	20/03/2023	21/03/2022	15/03/2021	16/03/2020	18/03/2019
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

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2023	18/03/2024	05/04/2024	French	PDF
Micro model	30/09/2022	20/03/2023	26/04/2023	French	PDF
Micro model	30/09/2021	21/03/2022	30/04/2022	French	PDF
Micro model	30/09/2020	15/03/2021	30/04/2021	French	PDF
Micro model	30/09/2019	16/03/2020	24/04/2020	French	PDF
Micro model	30/09/2018	18/03/2019	03/05/2019	French	PDF
Micro model	30/09/2017	19/03/2018	30/04/2018	French	PDF
Abridged model	30/09/2016	20/03/2017	31/03/2017	French	PDF
Abridged model	30/09/2015	21/03/2016	29/03/2016	French	PDF
Abridged model	30/09/2014	16/03/2015	29/05/2015	French	PDF
Abridged model	30/09/2013	17/03/2014	12/05/2014	French	PDF
Abridged model	30/09/2012	18/03/2013	28/05/2013	French	PDF
Abridged model	30/09/2011	19/03/2012	31/05/2012	French	PDF
Abridged model	30/09/2010	21/03/2011	26/05/2011	French	PDF
Abridged model	30/09/2009	15/03/2010	21/05/2010	French	PDF
Abridged model	30/09/2008	16/03/2009	26/03/2009	French	PDF
Abridged model	30/09/2007	17/03/2008	19/03/2008	French	PDF
Abridged model	30/09/2006	19/03/2007	26/03/2007	French	PDF

Estimate

Indicative valuation

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 30/09/2023 · 2 active · 5 ended

Active mandates

P.H. CONSULT

Managing director · 0833.466.758

Active

XAVIER CHARLES PALM

Managing director

Active

Ended mandates

Pascal VERTONGEN

Director · since 01 juin 2004 · until 15 mars 2010

Ended

Xavier PALM

Managing director · since 01 juin 2004 · until 15 mars 2010

Ended

JEAN VANLAETHEM

Managing director

Ended

Rose marie WAGEMANS

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office23/01/2014
SIEGE SOCIAL
PDF
Mandates27/06/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates15/02/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2010
DEMISSIONS, NOMINATIONS
PDF
Other16/06/2004
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

2023
Annual accounts 2023-5,9 k €↓
2022
Annual accounts 20227,2 k €↑
2021
Annual accounts 2021-460,4 €↑
2020
Annual accounts 2020-15,7 k €↓
2019
Annual accounts 2019446,2 €↓
2018
Annual accounts 20182,9 k €↑
2017
Annual accounts 2017-16,6 k €↓
2016
Annual accounts 201615,4 k €↑
2015
Annual accounts 20153,7 k €↑
2014
Annual accounts 2014-36,6 k €↑
2013
Annual accounts 2013-115,8 k €↑
2012
Annual accounts 2012-138,5 k €↓
2011
Annual accounts 2011-10,8 k €↓
2010
Annual accounts 2010118,9 k €↑
2009
Annual accounts 20091,1 k €↓
2008
Annual accounts 200825,9 k €↓
2007
Annual accounts 200727,1 k €
07/06/2004
IncorporationPublic 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

TREE-D

Overview

What does TREE-D do?

Trend over 17 financial years

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