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ATREE

Active
Private limited companyfounded 2011active for 15 yearsMortelputstraat 13, 8810 Lichtervelde, BelgiumKBO/BCE: BE 0838.080.889
Summary

ATREE has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €845,799 and a net result of €798,516. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 21% of 588 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200General electrical installation work NACE 43211
8th largest company by total assets in Lichtervelde, Manufacturing sector2 sites
Size
€5.7mtotal assets 2025
Staff
27 FTE
Equity
€845,799
Profit
€798,516
Turnover not published (abbreviated format)
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
HTREE INVEST · 100%
Accounts 23 days early5 of 12 deeds read
Why 66raises riskLiquidity: current ratio 1.17, cash €148,216, halvedEquity €845,799 (14.9% of total assets)Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskFounded in 2011Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 29% of its sector peers (NACE 33, small)
Financial strength · tick = 2024
Average
Solvency 40-8
equity 14.9% of total assets
Liquidity 11-8
short-term debt 77.4% · cash 2.6%
Profitability 86+1
return on assets 14.1%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (194 companies, NACE 33, small)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.2 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.2 percentage points vs 06-2026 08-2026: 0.9%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.17, compared with 0.96 in 2024, below the usual 1.5; short-term debt: 77.4% and cash: 2.6% of total assets), and 85.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, small): better than 18% on solvency, 8% on liquidity, 83% on profitability and 5% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.17, cash €148,216, halved
NBB · annual accounts
raises risk · Equity €845,799 (14.9% of total assets)
NBB · annual accounts
raises risk · Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
KBO
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 588 sector peers (2025).
NBB · sector comparison
Position among 588 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
30 days early
2023
28 days early
2022
11 days early
2021
15 days early
2020
30 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Capital & shares · RestructuringReal estate · Accounting effect…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €43,791 · 587 companies €798,516 View
  • Caution: Equity fell in 2025from €1.5m to €845,799 ▼ 42.2% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by HTREE INVESTultimately: Vybros Capital Partners 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €798,516 7 years View
  • Flemish supportawarded from 2022 to 2025 €319,398 View

By topic

Financials

Financial year
2025
Total assets
€5.7m
Profit
€798,516
Solvency
14.9%
Total assets▼ 9.1%
Net result
20192025
Go to Financials

Timeline

Events
22
Since
2013
Next accounts
by 31-07-2027
  1. 26-05-2025Restructuring
  2. 13-05-2025Appointment: Moore Audit BV (commissaris revisor)
  3. 18-04-2025Resignations: BV FM AUTOMATION, NV Vybros and…
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Installation of industrial machinery and equipmentNACE 33200
Founded
07-07-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Purpose
“De ontwikkeling, implementatie en commercialisatie van software in de meest brede…” (deed in Dutch)
Go to Articles of association

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