ACTIVE

PINE TREE

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Financial year 2018 · closed on 31/12/2018

Net result

49,6 k €

-82.2% YoY

Gross margin

-47,9 k €

+8.8% YoY

Equity

7,4 M €

+0.7% YoY

What does PINE TREE do?

PINE TREE is a Foreign company incorporated in 2007. Its registered office is in Luxembourg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.849.996

Incorporation

18/04/2007

Legal form

Foreign company

Registered office

SENTIER DE BRICHERHOF 24
L-1262 Luxembourg · Bruxelles

Latest accounts

31/12/2018

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-47,9 k €	+8.8%	-52,5 k €	-50.3%	-34,9 k €	-587%	-5,1 k €	-124%	21,5 k €	+22.7%	17,6 k €	+5767%	-309,7 €	-241%	220,4 €	+102%	-13 k €	-328%	5,7 k €	+114%	-39,5 k €	-263%	24,2 k €
EBITDA	-48,9 k €	+43.7%	-86,8 k €	-136%	-36,9 k €	-424%	-7 k €	-136%	19,7 k €	+41.0%	14 k €	+638%	-2,6 k €	-5.2%	-2,5 k €	+92.3%	-32 k €	-1213%	2,9 k €	+105%	-62,2 k €	-536%	14,3 k €
Operating result	-48,9 k €	+43.7%	-86,8 k €	-86.8%	-46,5 k €	-34.1%	-34,7 k €	-330%	-8,1 k €	+45.5%	-14,8 k €	+52.4%	-31,1 k €	-6.2%	-29,3 k €	+54.7%	-64,7 k €	-106%	-31,4 k €	+67.2%	-95,8 k €	-359%	-20,9 k €
Net result	49,6 k €	-82.2%	279,2 k €	+24.9%	223,6 k €	+8.6%	205,9 k €	+2.4%	201 k €	-83.4%	1,2 M €	+151%	-2,4 M €	-270%	1,4 M €	+630%	190,5 k €	-13.9%	221,3 k €	-58.4%	531,5 k €	-89.6%	5,1 M €
Balance sheet
Equity	7,4 M €	+0.7%	7,3 M €	-42.1%	12,6 M €	+1.8%	12,4 M €	+1.7%	12,2 M €	+1.7%	12 M €	+11.2%	10,8 M €	-18.0%	13,2 M €	+11.8%	11,8 M €	+1.6%	11,6 M €	+1.9%	11,4 M €	+4.9%	10,8 M €
Total assets	7,7 M €	-3.3%	8 M €	-37.4%	12,8 M €	-2.0%	13 M €	+1.2%	12,9 M €	+1.6%	12,7 M €	+10.2%	11,5 M €	-19.6%	14,3 M €	+9.6%	13 M €	+11.7%	11,7 M €	+1.1%	11,5 M €	+2.5%	11,3 M €
Cash	1,3 M €	+148%	536,4 k €	-39.9%	892 k €	-53.9%	1,9 M €	-51.0%	3,9 M €	+4204%	91,7 k €	-61.0%	235,3 k €	+65.4%	142,2 k €	+34.4%	105,8 k €	+2251%	4,5 k €	-86.3%	32,9 k €	+250%	9,4 k €
Debts	349 k €	-47.2%	661,1 k €	+533%	104,4 k €	-82.6%	600,2 k €	-7.9%	651,6 k €	+0.5%	648,2 k €	-6.7%	695,1 k €	-38.2%	1,1 M €	-11.3%	1,3 M €	+1201%	97,6 k €	-44.8%	176,7 k €	-59.1%	432 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 31/12/2018 · 1 active · 1 ended

Active mandates

Marty Geerlink

Manager · since 01 janvier 2015

Active

Ended mandates

Andrew Timothy Japing

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CLOECK● Active	0546.975.179

Annual accounts

Full financial information

	2018	2017	2016	2015	2014	2013
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014	01/01/2013
Closing of the financial year	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014	31/12/2013
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/12/2019	31/08/2018	28/09/2017	29/09/2016	29/09/2015	25/08/2014
General meeting	29/10/2019	30/08/2018	26/09/2017	28/09/2016	15/09/2015	21/08/2014
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2018	29/10/2019	26/12/2019	Dutch	PDF
Abridged model	31/12/2017	30/08/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	28/09/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	15/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	21/08/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/10/2013	13/11/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/01/2011	03/05/2011	Dutch	PDF
Abridged modelCorrection	31/12/2008	01/12/2010	29/12/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	28/08/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	01/12/2010	29/12/2010	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	28/08/2008	Dutch	PDF

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 31/12/2018 · 1 active · 1 ended

Active mandates

Marty Geerlink

Manager · since 01 janvier 2015

Active

Ended mandates

Andrew Timothy Japing

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2019
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Capital / shares11/09/2017
KAPITAAL - AANDELEN
PDF
Registered office12/06/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other26/04/2007
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

2018
Annual accounts 201849,6 k €↓
2017
Annual accounts 2017279,2 k €↑
2016
Annual accounts 2016223,6 k €↑
2015
Annual accounts 2015205,9 k €↑
2014
Annual accounts 2014201 k €↓
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 2012-2,4 M €↓
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 2010190,5 k €↓
2009
Annual accounts 2009221,3 k €↓
2008
Annual accounts 2008531,5 k €↓
2007
Annual accounts 20075,1 M €
18/04/2007
IncorporationForeign 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

PINE TREE

Overview

What does PINE TREE do?

Trend over 12 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