ACTIVE

TRE Commerce

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Financial year 2025 · closed on 31/12/2025

Net result

21,8 k €

-17.4% YoY

Gross margin

89,7 k €

-2.8% YoY

Equity

72,1 k €

0.0% YoY

Workforce

1,3 ETP

-18.8% YoY

What does TRE Commerce do?

TRE Commerce is a Private limited company incorporated in 2007. Its main activity is: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores. Its registered office is in Antwerpen. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.518.713

Incorporation

04/04/2007

Legal form

Private limited company

Registered office

Hoogstraat 33
2000 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

1,3 ETP

Activities (NACE)

47242Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores· main 47242Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 47279Retail sale of food, beverages and tobacco in specialised stores 47299Other retail sale of food in specialised stores 52272Support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	89,7 k €	-2.8%	92,3 k €	-11.9%	104,8 k €	+58.3%	66,2 k €	+150%	26,5 k €	+204%	-25,4 k €	-178%	32,7 k €	-34.0%	49,6 k €	-16.6%	59,4 k €	+65.8%	35,9 k €	-42.6%	62,5 k €	+24.9%	50 k €	+20.7%	41,4 k €	+660%	5,4 k €	-80.7%	28,3 k €	+25.7%	22,5 k €	+251%	6,4 k €	-75.3%	25,9 k €
EBITDA	51 k €	-14.0%	59,3 k €	-19.8%	73,9 k €	+68.6%	43,8 k €	+104%	21,5 k €	+164%	-33,5 k €	-365%	-7,2 k €	-142%	17,2 k €	-53.4%	37 k €	+171%	13,7 k €	-75.3%	55,4 k €	+13.4%	48,8 k €	+19.9%	40,7 k €	+1005%	3,7 k €	-86.6%	27,4 k €	+27.0%	21,6 k €	+292%	5,5 k €	-77.3%	24,2 k €
Operating result	41,9 k €	-16.7%	50,2 k €	-14.3%	58,6 k €	+104%	28,7 k €	+312%	7 k €	+114%	-48,1 k €	-109%	-23 k €	-437%	6,8 k €	-73.4%	25,7 k €	+779%	-3,8 k €	-110%	38,1 k €	+18.7%	32,1 k €	+19.2%	26,9 k €	+614%	-5,2 k €	-127%	19,7 k €	+43.7%	13,7 k €	+627%	-2,6 k €	-130%	8,7 k €
Net result	21,8 k €	-17.4%	26,4 k €	-43.3%	46,5 k €	+147%	18,8 k €	+39.1%	13,5 k €	+134%	-39,5 k €	-89.9%	-20,8 k €	-1636%	1,4 k €	-91.0%	15 k €	+271%	-8,8 k €	-136%	24,3 k €	+27.9%	19 k €	-11.6%	21,5 k €	+696%	-3,6 k €	-127%	13,5 k €	+43.8%	9,4 k €	+283%	-5,1 k €	-214%	4,5 k €
Balance sheet
Equity	72,1 k €	0.0%	72,1 k €	-12.1%	82 k €	+0.6%	81,6 k €	+30.0%	62,8 k €	+27.5%	49,2 k €	-44.5%	88,7 k €	-19.0%	109,5 k €	+1.3%	108,2 k €	+16.1%	93,2 k €	-8.6%	101,9 k €	+31.2%	77,7 k €	+32.3%	58,7 k €	+57.6%	37,2 k €	-8.8%	40,8 k €	+49.4%	27,3 k €	+52.2%	18 k €	-22.2%	23,1 k €
Total assets	190,1 k €	-18.3%	232,8 k €	-7.6%	251,9 k €	+33.1%	189,2 k €	-3.5%	196,1 k €	+17.7%	166,6 k €	-22.6%	215,3 k €	-8.0%	234 k €	-0.2%	234,6 k €	-1.6%	238,5 k €	-3.2%	246,3 k €	+7.1%	229,9 k €	+15.6%	198,9 k €	+80.3%	110,3 k €	+23.6%	89,2 k €	+54.1%	57,9 k €	-9.1%	63,7 k €	-13.5%	73,7 k €
Cash	76,4 k €	-29.9%	109 k €	+11.1%	98 k €	+21.0%	81,1 k €	+50.5%	53,8 k €	+134%	23 k €	-52.1%	48 k €	-40.2%	80,2 k €	+13.5%	70,6 k €	+53.6%	46 k €	-18.9%	56,7 k €	-10.4%	63,2 k €	+112%	29,8 k €	-21.5%	38 k €	-7.2%	40,9 k €	+409%	8 k €	+1197%	620 €	-94.0%	10,4 k €
Debts	118 k €	-26.1%	159,7 k €	-4.7%	167,6 k €	+58.8%	105,5 k €	-19.7%	131,4 k €	+13.9%	115,4 k €	-7.4%	124,6 k €	+1.6%	122,6 k €	-1.6%	124,5 k €	-13.2%	143,5 k €	+0.7%	142,6 k €	-5.3%	150,5 k €	+8.7%	138,5 k €	+94.1%	71,3 k €	+52.7%	46,7 k €	+61.5%	28,9 k €	-34.4%	44,1 k €	-12.8%	50,6 k €
Other
Workforce	1,3 ETP	-18.8%	1,6 ETP	+6.7%	1,5 ETP	+66.7%	0,9 ETP	+350%	0,2 ETP	-33.3%	0,3 ETP	-84.2%	1,9 ETP	+11.8%	1,7 ETP	+41.7%	1,2 ETP	+50.0%	0,8 ETP	+300%	0,2 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

V&K MANAGEMENT

Director · since 01 janvier 2023 · 0792.360.831

Represented by Cyriel VERSTEEGH

Active

Ended mandates

BETTINA KATH

Director · since 02 avril 2007

Ended

BETTINA KATH

Manager · since 02 avril 2007

Ended

CYRIEL VERSTEEGH

Director · since 02 avril 2007

Ended

CYRIEL VERSTEEGH

Manager · since 02 avril 2007

Ended

At this address

Other companies at this address

Company	CBE no.
V&K MANAGEMENT● Active	0792.360.831

Annual accounts

Full financial information

	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	31/08/2026	29/07/2025	14/08/2024	09/09/2023	28/03/2022	22/06/2021
General meeting	25/08/2026	26/07/2025	01/08/2024	05/09/2023	24/03/2022	16/06/2021
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

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	26/07/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/08/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/09/2023	09/09/2023	Dutch	PDF
Abridged model	31/12/2021	24/03/2022	28/03/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	17/06/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	20/07/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 6 ended

Active mandates

V&K MANAGEMENT

Director · since 01 janvier 2023 · 0792.360.831

Represented by Cyriel VERSTEEGH

Active

Ended mandates

BETTINA KATH

Director · since 02 avril 2007

Ended

BETTINA KATH

Manager · since 02 avril 2007

Ended

CYRIEL VERSTEEGH

Director · since 02 avril 2007

Ended

CYRIEL VERSTEEGH

Manager · since 02 avril 2007

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202521,8 k €↓
2024
Annual accounts 202426,4 k €↓
2023
Annual accounts 202346,5 k €↑
2022
Annual accounts 202218,8 k €↑
2021
Annual accounts 202113,5 k €↑
2020
Annual accounts 2020-39,5 k €↓
2019
Annual accounts 2019-20,8 k €↓
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 201715 k €↑
2016
Annual accounts 2016-8,8 k €↓
2015
Annual accounts 201524,3 k €↑
2014
Annual accounts 201419 k €↓
2013
Annual accounts 201321,5 k €↑
2012
Annual accounts 2012-3,6 k €↓
2011
Annual accounts 201113,5 k €↑
2010
Annual accounts 20109,4 k €↑
2009
Annual accounts 2009-5,1 k €↓
2008
Annual accounts 20084,5 k €
04/04/2007
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

TRE Commerce

Overview

What does TRE Commerce do?

Trend over 18 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

Similar companies

Similar companies

Timeline