MAPLE TREE (0550.520.431): annual accounts, directors and company register

MAPLE TREE

Watermael-Boitsfort ·KBO/BCE: BE 0550.520.431

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%

Company	Total assets	Gross margin	Solvency	Staff
MAPLE TREE Watermael-Boitsfort	€645,032	€120,778	42.3%	-
GOOD MANUFACTURING TECHNOLOGY Stekene	€681,148	€123,471	96.9%	-
KNL ENGINEERING Westerlo	€697,283	€129,319	59.6%	-
Van Giels Engineering Kalmthout	€617,406	€103,145	23.7%	0.8
WattsUp Amay	€661,378	€102,822	55.6%	-
BePowered Geel	€660,128	€111,350	29.5%	-
ELYS IMMO Etalle	€751,636	€125,490	9.4%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Balance sheet: assets
Total assets`20/58`	645,032	584,572	183,507	149,675	116,429	185,917	174,965	154,051	96,670	59,159	32,798	30,087
Fixed assets`21/28`	469,364	469,691	1,542	0	-	4,333	9,137	13,941	18,208	1,170	-	-
Tangible fixed assets`22/27`	888	1,215	1,542	0	-	4,333	9,137	13,941	18,208	1,170	-	-
Furniture and vehicles`24`	888	1,215	1,542	0	-	4,333	9,137	13,941	18,208	1,170	-	-
Financial fixed assets`28`	468,476	468,476	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	175,668	114,881	181,966	149,675	116,429	181,584	165,828	140,109	78,461	57,988	32,798	30,087
Amounts receivable after more than one year`29`	31,889	51,000	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	31,889	51,000	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	63,231	41,479	86,789	55,353	43,354	103,730	71,219	99,725	17,549	10,644	14,766	16,844
Trade receivables`40`	43,626	41,475	77,960	46,525	43,354	103,730	58,651	75,074	17,549	5,969	14,766	16,844
Other amounts receivable`41`	19,604	4	8,829	8,829	-	-	12,567	24,651	-	4,675	-	-
Cash at bank and in hand`54/58`	80,419	22,251	95,034	94,098	72,946	77,729	94,092	40,263	18,684	14,149	13,740	1,243
Deferred charges and accrued income`490/1`	130	151	142	224	129	125	517	121	42,228	33,195	4,292	12,000
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	645,032	584,572	183,507	149,675	116,429	185,917	174,965	154,051	96,670	59,159	32,798	30,087
Equity`10/15`	273,001	183,855	111,548	26,335	66,228	133,255	121,377	124,082	74,852	46,233	19,630	17,128
Contributions`10/11`	20,460	20,460	20,460	18,600	18,600	18,600	18,600	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400
Reserves`13`	252,000	163,000	90,000	1,860	46,860	111,860	101,860	116,860	11,860	11,860	11,053	10,928
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,053	928
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-
Distributable reserves`133`	252,000	163,000	90,000	-	45,000	110,000	100,000	115,000	10,000	10,000	10,000	10,000
Profit (loss) carried forward`14`	541	395	1,088	5,875	768	2,795	917	1,022	56,792	28,173	2,377	-
Amounts payable`17/49`	372,031	400,717	71,959	123,340	50,201	52,662	53,588	29,968	21,817	12,925	13,168	12,959
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	1,641	8,186	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	-	1,641	8,186	-	-	-
Amounts payable within one year`42/48`	371,962	400,651	71,895	123,276	50,144	52,607	53,533	28,273	13,578	12,874	13,023	12,831
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	1,641	6,545	6,513	-	-	-
Trade debts`44`	676	2,721	-	679	393	107	456	4	-	-	5,183	-
Suppliers`440/4`	676	2,721	-	679	393	107	456	4	-	-	5,183	-
Advances received on contracts in progress`46`	-	-	44,815	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	20,174	18,151	23,702	21,918	15,633	19,449	18,436	15,224	5,349	10,671	2,486	8,718
Taxes`450/3`	20,174	18,151	23,702	21,918	15,633	19,449	18,436	15,224	5,349	10,671	2,486	8,718
Other amounts payable`47/48`	351,112	379,779	3,379	100,679	34,118	33,051	33,000	6,500	1,716	2,203	5,354	4,114
Accrued charges and deferred income`492/3`	69	66	64	64	57	55	55	54	53	51	145	127
Income statement
Gross operating margin`9900`	120,778	98,358	109,572	64,528	62,645	128,814	110,595	75,517	46,645	39,599	3,801	14,967
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	327	327	93	-	4,333	4,804	4,804	4,804	4,625	293	-	-
Other operating charges`640/8`	820	870	1,055	936	1,245	1,005	821	1,028	1,036	348	437	348
Operating profit (loss)`9901`	119,631	97,161	108,424	63,593	57,068	123,005	104,970	69,685	40,985	38,959	3,364	14,619
Financial income`75/76B`	336	-	2	0	-	-	10	-	-	-	-	-
Recurring financial income`75`	336	-	2	0	-	-	10	-	-	-	-	-
Financial charges`65/66B`	332	316	315	314	317	216	240	363	260	112	96	-
Recurring financial charges`65`	332	316	315	314	317	216	240	363	260	112	96	-
Profit (loss) for the period before taxes`9903`	119,635	96,845	108,112	63,278	56,751	122,789	104,740	69,322	40,724	38,847	3,269	14,619
Income taxes`67/77`	30,488	24,538	22,899	13,171	12,623	24,411	20,845	13,592	11,505	10,041	767	3,691
Profit (loss) for the period`9904`	89,146	72,306	85,213	50,107	44,128	98,378	83,894	55,730	29,219	28,806	2,502	10,928
Profit (loss) for the period to be appropriated`9905`	89,146	72,306	85,213	50,107	44,128	98,378	83,894	55,730	29,219	28,806	2,502	10,928
Appropriation of the result
Profit (loss) to be appropriated`9906`	89,541	73,395	91,088	50,875	46,923	99,295	84,917	112,522	57,392	31,183	2,502	10,928
Profit (loss) brought forward from the previous period`14P`	395	1,088	5,875	768	2,795	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	45,000	110,000	80,000	66,000	-	-	-	-	-
Transfer to equity`691/2`	89,000	73,000	90,000	-	45,000	90,000	51,000	105,000	-	807	125	10,928
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	807	125	928
To other reserves`6921`	89,000	73,000	90,000	-	45,000	90,000	51,000	105,000	-	-	-	10,000
Profit to be distributed`694/7`	-	-	-	90,000	111,155	86,500	99,000	6,500	600	2,203	-	-
Return on contributions (dividend)`694`	-	-	-	90,000	110,000	80,000	91,000	-	-	2,203	-	-
Directors or managers`695`	-	-	-	-	1,155	6,500	8,000	6,500	600	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	25-08-2026	2026-00423029	PDF
31-12-2024	micro format	29-09-2025	2025-00518721	PDF
31-12-2023	micro format	28-08-2024	2024-00396326	PDF
31-12-2022	micro format	25-08-2023	2023-00371147	PDF
31-12-2021	micro format	24-08-2022	2022-20310461	PDF
31-12-2020	micro format	19-08-2021	2021-50700072	PDF
31-12-2019	micro format	08-09-2020	2020-52100227	PDF
31-12-2018	micro format	27-08-2019	2019-52700271	PDF
31-12-2017	micro format	30-08-2018	2018-58100172	PDF
31-12-2016	micro format	29-08-2017	2017-51600005	PDF
31-12-2015	full format	19-08-2016	2016-44900556	PDF
31-12-2014	full format	24-08-2015	2015-46800150	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
EBITDA	119,958	97,488	108,518	-	61,401	127,809	109,774	74,489	45,610	39,252	-	-
Cash flow	89,473	72,633	85,307	-	48,461	103,182	88,699	60,535	33,844	29,099	-	-
Investment in fixed assets (approximation)	0	468,476	1,635	-	0	0	0	537	21,663	1,463	-	-
Change in cash	58,168	-72,784	937	21,151	-4,783	-16,363	53,829	21,578	4,535	409	12,497	-
Working capital	-196,294	-285,771	110,071	26,399	66,285	128,977	112,294	111,837	64,883	45,114	19,775	17,256
Solvency	42.3%	31.5%	60.8%	17.6%	56.9%	71.7%	69.4%	80.5%	77.4%	78.2%	59.9%	56.9%
Current ratio	0.47	0.29	2.53	1.21	2.32	3.45	3.10	4.96	5.78	4.50	2.52	2.34
Debt to equity	1.36	2.18	0.65	4.68	0.76	0.40	0.44	0.24	0.29	0.28	0.67	0.76
ROE	32.7%	39.3%	76.4%	190.3%	66.6%	73.8%	69.1%	44.9%	39.0%	62.3%	12.7%	63.8%
ROA	13.8%	12.4%	46.4%	33.5%	37.9%	52.9%	47.9%	36.2%	30.2%	48.7%	7.6%	36.3%
Interest coverage	over 100	over 100	over 100	-	over 100	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€1,635	-	-
Financial fixed assets	-	€468,476	-	-	-
Depreciation and write-downs of the year	€327	€327	€93	-	€4,333

Name	2024	2025
T6 Ney & PartnersLU 2024 to 2025: 20%	20%
NEY GROUP 2024 to 2025: 10.78%	10.78%

Overview

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Annual accounts 2025

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Annual accounts 2025

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Position in the sector

Solvency42.3%

Current ratio0.47

Return on assets13.8%

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Belgium 1 Equity Result

Europe 1 Equity Result

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