ACTIVE

TREE TOP

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Financial year 2025 · closed on 30/09/2025

Net result

18,9 k €

+793.8% YoY

Gross margin

67,4 k €

+43.0% YoY

Equity

32,7 k €

-62.8% YoY

What does TREE TOP do?

TREE TOP is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.141.734

Incorporation

21/01/2008

Legal form

Private limited company

Registered office

Rozenlaan 37
2950 Kapellen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 66300Fund management activities 66300Fund management activities

Signals

ProfitableLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	67,4 k €	+43.0%	47,2 k €	-49.2%	92,8 k €	+10.9%	83,7 k €	+82.4%	45,9 k €	+383%	-16,2 k €	-116%	99 k €	+303%	24,6 k €	-70.2%	82,4 k €	-28.5%	115,3 k €	+97.1%	58,5 k €	+40.4%	41,7 k €	+69.7%	24,5 k €	-58.5%	59,2 k €	-46.3%	110,1 k €	+51.8%	72,5 k €	-26.4%	98,6 k €
EBITDA	64 k €	+46.2%	43,8 k €	-50.7%	88,8 k €	+10.1%	80,7 k €	+91.3%	42,2 k €	+292%	-22 k €	-123%	94,9 k €	+341%	21,5 k €	-72.7%	78,7 k €	-30.8%	113,8 k €	+103%	56,1 k €	+42.2%	39,4 k €	+76.6%	22,3 k €	-60.2%	56,1 k €	-47.6%	107,1 k €	+50.4%	71,2 k €	-26.7%	97,2 k €
Operating result	30,9 k €	+202%	10,2 k €	-81.7%	56 k €	+45.5%	38,5 k €	+61046%	-63,2 €	+99.9%	-62,4 k €	-221%	51,8 k €	+341%	-21,5 k €	-150%	43,2 k €	-45.4%	79,1 k €	+176%	28,6 k €	+134%	12,2 k €	+230%	-9,4 k €	-148%	19,7 k €	-72.2%	70,7 k €	+98.7%	35,6 k €	+1569%	2,1 k €
Net result	18,9 k €	+794%	2,1 k €	-95.2%	43,7 k €	+22.9%	35,6 k €	+616%	-6,9 k €	+90.0%	-68,8 k €	-330%	29,9 k €	+185%	10,5 k €	-44.6%	19 k €	-58.1%	45,2 k €	+198%	15,2 k €	+1294%	-1,3 k €	+94.9%	-25 k €	-342%	-5,7 k €	-116%	34,7 k €	+567%	5,2 k €	+113%	-39,8 k €
Balance sheet
Equity	32,7 k €	-62.8%	87,8 k €	+2.5%	85,6 k €	+104%	41,9 k €	+563%	6,3 k €	-52.2%	13,2 k €	-83.9%	82,1 k €	+57.2%	52,2 k €	+25.2%	41,7 k €	+83.4%	22,7 k €	+317%	-10,5 k €	+59.2%	-25,7 k €	-5.2%	-24,4 k €	-3853%	649,7 €	-89.7%	6,3 k €	+122%	-28,4 k €	+15.5%	-33,6 k €
Total assets	179,9 k €	-28.5%	251,8 k €	-12.9%	288,9 k €	+5.3%	274,4 k €	-6.4%	293,1 k €	-11.8%	332,3 k €	-25.3%	444,8 k €	+1.8%	437 k €	-7.8%	473,9 k €	+6.6%	444,7 k €	+15.8%	384,2 k €	-2.8%	395,2 k €	-6.5%	422,9 k €	-9.9%	469,5 k €	-8.3%	512,2 k €	+4.9%	488,2 k €	-4.0%	508,7 k €
Cash	16 k €	+40.6%	11,4 k €	-71.4%	39,8 k €	+48.0%	26,9 k €	+19.6%	22,5 k €	+2.6%	21,9 k €	-72.5%	79,6 k €	-13.2%	91,7 k €	-3.5%	95,1 k €	+4.6%	90,9 k €	+61.0%	56,5 k €	+214%	18 k €	-11.2%	20,2 k €	-28.6%	28,3 k €	-35.2%	43,8 k €	+609%	6,2 k €	-55.2%	13,8 k €
Debts	147,3 k €	-10.2%	164 k €	-19.3%	203,3 k €	-12.5%	232,5 k €	-18.9%	286,8 k €	-10.1%	319,1 k €	-12.0%	362,8 k €	-5.7%	384,9 k €	-10.9%	432,2 k €	+2.4%	422 k €	+6.9%	394,6 k €	-6.2%	420,9 k €	-5.9%	447,2 k €	-4.6%	468,9 k €	-7.3%	505,9 k €	-2.1%	516,6 k €	-4.7%	542,3 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 30/09/2025 · 1 active · 1 ended

Active mandates

Marco Steenbergen

Director

Active

Ended mandates

Marco Steenbergen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
RHO - DELTA● Active	0443.309.794

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	25/04/2025	20/12/2023	11/04/2023	20/04/2022	29/04/2021
General meeting	15/03/2026	15/03/2025	30/11/2023	15/03/2023	15/03/2022	15/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	15/03/2026	27/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/03/2025	25/04/2025	Dutch	PDF
Abridged model	30/09/2023	30/11/2023	20/12/2023	Dutch	PDF
Abridged model	30/09/2022	15/03/2023	11/04/2023	Dutch	PDF
Abridged model	30/09/2021	15/03/2022	20/04/2022	Dutch	PDF
Abridged model	30/09/2020	15/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	16/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	26/03/2019	Dutch	PDF
Abridged model	30/09/2017	15/03/2018	08/05/2018	Dutch	PDF
Abridged model	30/09/2016	05/01/2017	29/05/2017	Dutch	PDF
Abridged model	30/09/2015	31/12/2015	29/02/2016	Dutch	PDF
Abridged model	30/09/2014	08/12/2014	26/02/2015	Dutch	PDF
Abridged model	30/09/2013	18/02/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	13/03/2013	30/05/2013	Dutch	PDF
Abridged model	30/09/2011	01/03/2012	04/05/2012	Dutch	PDF
Abridged model	30/09/2010	16/03/2011	10/05/2011	Dutch	PDF
Abridged model	30/09/2009	03/03/2010	16/05/2010	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 30/09/2025 · 1 active · 1 ended

Active mandates

Marco Steenbergen

Director

Active

Ended mandates

Marco Steenbergen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/04/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other01/02/2008
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 202518,9 k €↑
2024
Annual accounts 20242,1 k €↓
2023
Annual accounts 202343,7 k €↑
2022
Annual accounts 202235,6 k €↑
2021
Annual accounts 2021-6,9 k €↑
2020
Annual accounts 2020-68,8 k €↓
2019
Annual accounts 201929,9 k €↑
2018
Annual accounts 201810,5 k €↓
2017
Annual accounts 201719 k €↓
2016
Annual accounts 201645,2 k €↑
2015
Annual accounts 201515,2 k €↑
2014
Annual accounts 2014-1,3 k €↑
2013
Annual accounts 2013-25 k €↓
2012
Annual accounts 2012-5,7 k €↓
2011
Annual accounts 201134,7 k €↑
2010
Annual accounts 20105,2 k €↑
2009
Annual accounts 2009-39,8 k €
21/01/2008
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

TREE TOP

Overview

What does TREE TOP do?

Trend over 17 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