GREEN TREE
ActiveSummary
GREEN TREE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,814 and a net result of €7,242. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-12
Solvency100=
Growth64▼-4
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 4.35 in 2024; short-term debt: 11.2% and cash: 47.2% of total assets), and 11.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.8%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
39 d late
2024
22 d early
2023
on the day
2022
17 d late
2021
26 d late
2020
18 d late
2019
97 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€89,136▼ 5.6%
2024 · €94,458
EBIT margin
5.7%▼ 8.4pp
2024 · 14.0%
Net result
€7,242▼ 13.2%
2024 · €8,348
Working capital
€88,571▲ 14.7%
2024 · €77,221
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€49,372€74,865▲ 51.6%€77,582▲ 3.6%€94,458▲ 21.8%€89,136▼ 5.6%
Operating result€12,282€27,660▲ 125%€10,497▼ 62.0%€13,269▲ 26.4%€5,054▼ 61.9%
Net result€10,007within the sector's middle half€18,388within the sector's middle half▲ 83.7%€7,609within the sector's middle half▼ 58.6%€8,348within the sector's middle half▲ 9.7%€7,242within the sector's middle half▼ 13.2%
EBIT margin24.9%36.9%▲ 12.1pp13.5%▼ 23.4pp14.0%▲ 0.5pp5.7%▼ 8.4pp
Equity€147,226within the sector's middle half▲ 7.3%€165,614within the sector's middle half▲ 12.5%€173,223within the sector's middle half▲ 4.6%€181,572within the sector's middle half▲ 4.8%€188,814within the sector's middle half▲ 4.0%
Total assets€156,663within the sector's middle half▲ 1.1%€182,690within the sector's middle half▲ 16.6%€192,865within the sector's middle half▲ 5.6%€204,640within the sector's middle half▲ 6.1%€212,712below the sector's middle half▲ 3.9%
Debt€9,437▼ 46.6%€17,076▲ 80.9%€19,642▲ 15.0%€23,069▲ 17.4%€23,898▲ 3.6%
Working capital€35,877▲ 186%€61,238▲ 70.7%€69,084▲ 12.8%€77,221▲ 11.8%€88,571▲ 14.7%
Solvency94.0%above the sector's middle half▲ 5.4pp90.7%above the sector's middle half▼ 3.3pp89.8%above the sector's middle half▼ 0.8pp88.7%above the sector's middle half▼ 1.1pp88.8%above the sector's middle half=
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,712
Fixed assets
€100,243 ▼ 3.9%
Current assets
€112,468 ▲ 12.1%
Equity and liabilities €212,712
Equity
€188,814 ▲ 4.0%
Debt
€23,898 ▲ 3.6%
Debt's share of the balance-sheet total stays at 11.2%.
Key figures and ratios
EBITDA
€9,161▼
2024 · €18,047
Cash flow
€11,350▼
2024 · €13,127
Current ratio
4.71▲
2024 · 4.35
Debt to equity
0.13▼
2024 · 0.13
ROE
3.8%▼
2024 · 4.6%
ROA
3.4%▼
2024 · 4.1%
Interest coverage
92.35▼
2024 · 257.19
Debt ≤ 1 year
€23,898▲
2024 · €23,069
Income taxes
-€2,288▼
2024 · €4,850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €49,372 | €74,865 | €77,582 | €94,458 | €89,136 | ▼ 5.6% |
| Goods, raw materials, services and sundry goods60/61 | €20,361 | €34,915 | €59,715 | €71,179 | €73,422 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,896 | €8,988 | €5,371 | €4,778 | €4,108 | ▼ 14.0% |
| Other operating charges640/8 | €4,398 | €3,740 | €3,034 | €5,231 | €6,552 | ▲ 25.2% |
| Gross operating margin9900 | €30,575 | €40,388 | €18,902 | €23,279 | €15,713 | ▼ 32.5% |
| Operating profit (loss)9901 | €12,282 | €27,660 | €10,497 | €13,269 | €5,054 | ▼ 61.9% |
| Financial charges65/66B | €180 | €123 | €118 | €70 | €99 | ▲ 41.4% |
| Recurring financial charges65 | €180 | €123 | €118 | €70 | €99 | ▲ 41.4% |
| Profit (loss) for the period before taxes9903 | €12,102 | €27,538 | €10,379 | €13,199 | €4,954 | ▼ 62.5% |
| Income taxes67/77 | €2,095 | €9,149 | €2,770 | €4,850 | -€2,288 | ▼ 147% |
| Profit (loss) for the period9904 | €10,007 | €18,388 | €7,609 | €8,348 | €7,242 | ▼ 13.2% |
| Transfer to tax-exempt reserves689 | €25,000 | €18,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€14,993 | €388 | €7,609 | €8,348 | €7,242 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,663 | €182,690 | €192,865 | €204,640 | €212,712 | ▲ 3.9% |
| Fixed assets21/28 | €111,348 | €104,376 | €104,139 | €104,351 | €100,243 | ▼ 3.9% |
| Tangible fixed assets22/27 | €111,348 | €104,376 | €104,139 | €104,351 | €100,243 | ▼ 3.9% |
| Land and buildings22 | €93,665 | €90,140 | €95,001 | €94,488 | €93,974 | ▼ 0.5% |
| Plant, machinery and equipment23 | €14,397 | €10,156 | €6,205 | €3,688 | €2,500 | ▼ 32.2% |
| Furniture and vehicles24 | €3,287 | €4,081 | €2,933 | €6,175 | €3,769 | ▼ 39.0% |
| Current assets29/58 | €45,315 | €78,313 | €88,726 | €100,290 | €112,468 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €5,260 | €9,680 | €14,314 | €10,714 | €11,980 | ▲ 11.8% |
| Trade receivables40 | - | €33 | €3,890 | - | - | - |
| Other amounts receivable41 | €5,260 | €9,647 | €10,424 | €10,714 | €11,980 | ▲ 11.8% |
| Cash at bank and in hand54/58 | €40,054 | €68,633 | €74,412 | €89,576 | €100,488 | ▲ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,663 | €182,690 | €192,865 | €204,640 | €212,712 | ▲ 3.9% |
| Equity10/15 | €147,226 | €165,614 | €173,223 | €181,572 | €188,814 | ▲ 4.0% |
| Contributions10/11 | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Capital10 | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Issued capital100 | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Revaluation surpluses12 | €4,132 | €4,132 | €4,132 | €4,132 | €4,132 | = |
| Reserves13 | €68,594 | €86,594 | €86,594 | €93,594 | €93,594 | = |
| Non-distributable reserves130/1 | €4,985 | €4,985 | €4,985 | €4,985 | €4,985 | = |
| Legal reserve130 | €4,985 | €4,985 | €4,985 | €4,985 | €4,985 | = |
| Tax-exempt reserves132 | €49,000 | €43,000 | €43,000 | - | - | - |
| Distributable reserves133 | €14,609 | €38,609 | €38,609 | €88,609 | €88,609 | = |
| Profit (loss) carried forward14 | - | €388 | €7,998 | €9,346 | €16,588 | ▲ 77.5% |
| Amounts payable17/49 | €9,437 | €17,076 | €19,642 | €23,069 | €23,898 | ▲ 3.6% |
| Amounts payable within one year42/48 | €9,437 | €17,076 | €19,642 | €23,069 | €23,898 | ▲ 3.6% |
| Trade debts44 | €1,748 | - | - | €881 | €7,337 | ▲ 733% |
| Suppliers440/4 | €1,748 | - | - | €881 | €7,337 | ▲ 733% |
| Taxes, remuneration and social security45 | €4,791 | €13,946 | €14,847 | €5,652 | €1,733 | ▼ 69.3% |
| Taxes450/3 | €4,791 | €13,946 | €14,847 | €5,652 | €1,733 | ▼ 69.3% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €2,898 | €3,130 | €4,794 | €16,536 | €14,828 | ▼ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,007 | €18,388 | €7,609 | €8,348 | €7,242 | ▼ 13.2% |
| + Depreciation and write-downs630 | €13,896 | €8,988 | €5,371 | €4,778 | €4,108 | ▼ 14.0% |
| Operating cash flow (approximation) | €23,903 | €27,376 | €12,980 | €13,127 | €11,350 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€2,016 | -€5,134 | -€4,990 | €0 | ▲ 100% |
| Change in cash | - | €28,579 | €5,778 | €15,164 | €10,912 | ▼ 28.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
18-08
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 06-07-2026
- Registered-office move, Rue du Chêne 7 à 1000 Bruxelles
- Director in office, KLEIN Yves Samuel (director)
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Equity above €150,000Eq €165,614 ▲12.5%
2 profitable years in a row build equity to €165,614.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €10,007
Net result €10,007 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.80
Current ratio from 1.74 to 4.80; short-term debt falls from €17,019 to €9,437.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet -€4,628
Net result drops to -€4,628, the lowest in the series; recovery starts the following year.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €24,333 ▲6%
Operating result €43,586, net result €24,333, both a record.
31-12
Financial
Equity above €200,000Eq €201,846 ▲13.7%
2 profitable years in a row build equity to €201,846.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1992
Ground area
370 m²
Building footprint
403 m²
Volume, LiDAR
3,022 m³
2 parcels, Brussels, Wallonia · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GREEN TREE NV
since 19922.057.679.707
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1585/00G000 | Brussels | 191 m² | 1 · 188 m² | 15.2 m · 4 fl. |
| 57062C0448/00F002 | Wallonia | 178 m² | 1 · 215 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,007 companies in sector 55203 we hold annual accounts for 693. 505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447254330
Also
9925:BE0447254330
Registered
26-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.