Summary
NEWTREE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €24.4m and a net result of -€2.9m. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 2409 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
History
On 2 April 2001, NEWTREE was incorporated.1 The capital was increased 21 times between 2004 and 2026, most recently to EUR 9.2 million.234 The registered office moved to Watermael-Boitsfort in 2015, to Bruxelles in 2020 and to Watermael-Boitsfort in 2022.567 In 2024 the company took the name NEWTREE IMPACT (N3I).8 Of the 11 current board members, Michael BAUM has served longest, since 2011.9 Total assets went from EUR 6.7 million in 2018 to EUR 25 million in 2025 and headcount from 2.7 to 2.3 full-time equivalents.10
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 20-07-2004
- 3Belgian State Gazette, 22-01-2026
- 4Belgian State Gazette, 23-01-2026
- 5Belgian State Gazette, 23-03-2015
- 6Belgian State Gazette, 29-06-2020
- 7Belgian State Gazette, 22-04-2022
- 8Belgian State Gazette, 16-05-2024
- 9Belgian State Gazette, 26-09-2025
- 10National Bank, annual accounts 2018 and 2025
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Financials · fiscal year 2025, full schema
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- 2025 Net result -52% on 2024. Cause not known from the registers.
- 2024 Net result -542% on 2023. Cause not known from the registers.
- 2023 Net result -61% on 2022. Cause not known from the registers.
- 2022 Net result -402% on 2021. Cause not known from the registers.
- 2022 Equity +87%, Total assets +86% on 2021. Capital increase of €1,241,430 (Official Gazette 22-04-2022).
- 2021 Net result +79%, Equity +113%, Total assets +101% on 2020. Cause not known from the registers.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8,803 | €37,529 | €35,797 | €129,626 | €145,377 | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,576 | €9,095 | €19,565 | €43,870 | €56,840 | ▲ 29.6% |
| Other operating charges640/8 | €15,007 | €698 | €6,071 | €4,145 | €2,171 | ▼ 47.6% |
| Gross operating margin9900 | -€29,696 | -€138,573 | -€303,020 | -€332,616 | -€393,312 | ▼ 18.2% |
| Operating profit (loss)9901 | -€55,083 | -€185,894 | -€364,454 | -€510,256 | -€597,701 | ▼ 17.1% |
| Financial income75/76B | €19,163 | €22,180 | €73,888 | €94,669 | €34,044 | ▼ 64.0% |
| Recurring financial income75 | €19,163 | €22,180 | €73,888 | €94,669 | €34,044 | ▼ 64.0% |
| Financial charges65/66B | €655 | €19,488 | €4,024 | €1.5m | €2.3m | ▲ 56.3% |
| Recurring financial charges65 | €655 | €19,488 | €4,024 | €4,664 | €56,593 | ▲ 1,113% |
| Non-recurring financial charges66B | - | - | - | €1.5m | €2.2m | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | -€36,575 | -€183,202 | -€294,589 | -€1.9m | -€2.9m | ▼ 51.8% |
| Income taxes67/77 | - | €277 | - | - | - | - |
| Profit (loss) for the period9904 | -€36,575 | -€183,479 | -€294,589 | -€1.9m | -€2.9m | ▼ 51.8% |
| Profit (loss) for the period to be appropriated9905 | -€36,575 | -€183,479 | -€294,589 | -€1.9m | -€2.9m | ▼ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €8.4m | €12.4m | €17.4m | €24.8m | ▲ 42.5% |
| Formation expenses20 | €5,356 | €29,467 | €26,492 | €107,584 | €157,891 | ▲ 46.8% |
| Fixed assets21/28 | €4.0m | €7.7m | €10.7m | €13.6m | €13.7m | ▲ 1.1% |
| Intangible fixed assets21 | €9,633 | €6,176 | €2,720 | €3,055 | €1,768 | ▼ 42.1% |
| Tangible fixed assets22/27 | €0 | €1,236 | €2,447 | €4,746 | €2,319 | ▼ 51.1% |
| Furniture and vehicles24 | - | €1,236 | €2,447 | €4,746 | €2,319 | ▼ 51.1% |
| Financial fixed assets28 | €4.0m | €7.6m | €10.7m | €13.6m | €13.7m | ▲ 1.2% |
| Current assets29/58 | €522,885 | €759,091 | €1.7m | €3.7m | €10.9m | ▲ 195% |
| Amounts receivable within one year40/41 | €10,429 | €46,452 | €30,072 | €59,263 | €83,066 | ▲ 40.2% |
| Trade receivables40 | - | €9,043 | €2,269 | €4,084 | €20,514 | ▲ 402% |
| Other amounts receivable41 | €10,429 | €37,409 | €27,804 | €55,179 | €62,552 | ▲ 13.4% |
| Current investments50/53 | - | - | €698 | €3.5m | €10.5m | ▲ 200% |
| Cash at bank and in hand54/58 | €504,605 | €708,798 | €1.6m | €114,768 | €278,010 | ▲ 142% |
| Deferred charges and accrued income490/1 | €7,852 | €3,841 | €6,567 | €10,711 | €5,736 | ▼ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €8.4m | €12.4m | €17.4m | €24.8m | ▲ 42.5% |
| Equity10/15 | €4.5m | €8.4m | €12.4m | €17.3m | €24.4m | ▲ 41.3% |
| Contributions10/11 | €4.7m | €8.8m | €13.1m | €19.8m | €29.8m | ▲ 50.4% |
| Capital10 | €2.1m | €3.4m | €4.7m | €6.5m | €9.2m | ▲ 42.9% |
| Issued capital100 | €2.1m | €3.4m | €4.7m | €6.5m | €9.2m | ▲ 42.9% |
| Outside capital11 | €2.6m | €5.4m | €8.4m | €13.4m | €20.6m | ▲ 54.0% |
| Share premium1100/10 | €2.6m | €5.4m | €8.4m | €13.4m | €20.6m | ▲ 54.0% |
| Reserves13 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Non-distributable reserves130/1 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Legal reserve130 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Profit (loss) carried forward14 | -€214,158 | -€397,637 | -€692,226 | -€2.6m | -€5.5m | ▼ 111% |
| Amounts payable17/49 | €26,644 | €21,733 | €22,710 | €99,481 | €356,888 | ▲ 259% |
| Amounts payable within one year42/48 | €26,644 | €21,733 | €22,710 | €99,481 | €356,826 | ▲ 259% |
| Trade debts44 | €24,270 | €19,621 | €17,075 | €87,428 | €77,047 | ▼ 11.9% |
| Suppliers440/4 | €24,270 | €19,621 | €17,075 | €87,428 | €77,047 | ▼ 11.9% |
| Taxes, remuneration and social security45 | €2,374 | €2,112 | €5,422 | €11,920 | €4,715 | ▼ 60.4% |
| Taxes450/3 | €173 | - | - | - | - | - |
| Remuneration and social security454/9 | €2,201 | €2,112 | €5,422 | €11,920 | €4,715 | ▼ 60.4% |
| Other amounts payable47/48 | - | - | €214 | €133 | €275,063 | ▲ 206,404% |
| Accrued charges and deferred income492/3 | - | - | - | - | €62 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,575 | -€183,479 | -€294,589 | -€1.9m | -€2.9m | ▼ 51.8% |
| + Depreciation and write-downs630 | €1,576 | €9,095 | €19,565 | €43,870 | €56,840 | ▲ 29.6% |
| Operating cash flow (approximation) | -€34,999 | -€174,384 | -€275,024 | -€1.8m | -€2.8m | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | -€3.7m | -€3.1m | -€2.9m | -€212,726 | ▲ 92.6% |
| Change in cash | - | €204,193 | €918,956 | -€1.5m | €163,241 | ▲ 111% |
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
23-01
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Capital37 facts ▸
- Board meeting, 19-12-2025
- Capital increase, €2.478.461,76
- Share issue, 961538, 2499998.80
- Share issue, 769231, 2000000.60
- Share issue, 230769, 599999.40
- Share issue, 192308, 500000.80
- Share issue, 153846, 399999.60
- Share issue, 115385, 300001.00
- Share issue, 96154, 250000.40
- Share issue, 96154, 250000.40
- Share issue, 76923, 199999.80
- Share issue, 57692, 149999.20
- +25 further facts in this act
22-01
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Bank account6 facts ▸
- Capital increase, €290.769,12
- Share issue, 403846, 8.973.275 à 9.377.120
- Bank account, ING Belgique SA, 1049999.60
- Capital, €6.751.607,95
- Power of attorney, NEWTREE
- Offer closing, 12-12-2025
30-10
State Gazette act
Capital & shares · Resignations & appointmentsCapital increase · Power of attorney4 facts ▸
- Board meeting, 19-09-2025
- Capital increase, €1.241.352
- Power of attorney, NEWTREE
- Power of attorney, Sophie MAQUET
26-09
State Gazette act
Reappointments: TreeTop s.r.l., WHITESTONE GROUP and 6 others9 facts ▸
- General meeting, 03-06-2025
- Director reappointment, TreeTop s.r.l. (managing director)
- Director reappointment, WHITESTONE GROUP (director)
- Director reappointment, Emilie DALLEMAGNE (director)
- Director reappointment, Bruno COLMANT (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
03-04
State Gazette act
Reappointments: WHITSTONE GROUP, TreeTop SPRL and 6 others9 facts ▸
- General meeting, 04-06-2024
- Director reappointment, WHITSTONE GROUP (director)
- Director reappointment, TreeTop SPRL (managing director)
- Director reappointment, Emilie DALLEMAGNE (director)
- Director reappointment, Bruno COLMANT (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
05-07
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney6 facts ▸
- General meeting, 28-06-2024
- Capital increase, €496.552,32
- Capital, €6.460.838,83
- Power of attorney, NEWTREE
- Power of attorney, NEWTREE
- Power of attorney, NEWTREE
16-05
State Gazette act
Statutes amendment · Resignations & appointmentsName change · Purpose change · Capital increase13 facts ▸
- General meeting, 13-05-2024
- Name change, NEWTREE IMPACT (N3I)
- Purpose change, Modification de l'objet et ajout de la mission
- Capital increase, €1.241.352
- Share issue, actions nouvelles, 1724100
- Power of attorney, Spreds Finance SA
- Power of attorney, Ecco Nova
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €5.964.286,51
- Statutes amendment
- +1 further facts in this act
24-04
State Gazette act
Resignation: Pascal HOUSSIN (director)Appointment: Bruno COLMANT (director) · Reappointments: TreeTop SPRL, Emilie DALLEMAGNE and 5 others10 facts ▸
- General meeting, 06-06-2023
- Director resignation, Pascal HOUSSIN (director)
- Director appointment, Bruno COLMANT (director)
- Director reappointment, TreeTop SPRL (managing director)
- Director reappointment, Emilie DALLEMAGNE (director)
- Director reappointment, Bruno COLMANT (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
24-04
State Gazette act
Capital & sharesCapital increase · Share issue · Contribution agreement4 facts ▸
- Capital increase, €1.405.815,34
- Share issue, 536571, 2.62
- Contribution agreement, 28-02-2024
- Share payment condition, 906750, 499065.34
Show earlier events
22-03
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney6 facts ▸
- Board meeting, 19-03-2024
- Capital increase, €386.331,12
- Capital increase, €920.928,24
- Capital, €5.964.286,51
- Statutes amendment
- Power of attorney, NEWTREE
14-03
State Gazette act
Reappointments: TreeTop s.p.r.l., Emilie DALLEMAGNE and 5 others8 facts ▸
- General meeting, 07-06-2022
- Director reappointment, TreeTop s.p.r.l. (managing director)
- Director reappointment, Emilie DALLEMAGNE (director)
- Director reappointment, Pascal HOUSSIN (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
10-03
State Gazette act
Resignation: Pascal HOUSSIN (director)Appointment: Bruno COLMANT (director) · Filing reference4 facts ▸
- Filing reference, 02 MANO 2023
- Board meeting, 10-01-2023
- Director resignation, Pascal HOUSSIN (director)
- Director appointment, Bruno COLMANT (director)
31-01
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney7 facts ▸
- Board meeting, 26-01-2023
- Capital increase, €1.296.000
- Capital, €4.657.027,15
- Statutes amendment
- Power of attorney, NEWTREE
- Premium allocation, 2984224.32, Prime d'émission
- Auditor report, 23-01-2023
22-04
State Gazette act
Registered office · Capital & shares · Statutes amendmentCapital increase · Capital · Registered-office move12 facts ▸
- General meeting, 14-04-2022
- Capital increase, €1.241.430,48
- Capital, €3.361.027,15
- Registered-office move, Boulevard du Souverain, 24 à 1170 Watermael-Boitsfort
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Power of attorney, Dominique BERTOUILLE
- Power of attorney, NEWTREE
29-09
State Gazette act
Capital & shares · Statutes amendmentPower of attorney · Capital increase · Capital7 facts ▸
- Board meeting, 16-09-2021
- Power of attorney, Treetop
- Power of attorney, Raymond VAXELAIRE
- Capital increase, €302.400
- Capital, €2.119.596,67
- Statutes amendment
- Suppression preemptive rights, Suppression du droit de préférence dans l'intérêt social en faveur de : CATALANFIN, WHITESTONE PARTNERS, van RIJCKEVORSEL, de WALQUE, de Bruyn, MEEUS, VEROUGSTR…
21-09
State Gazette act
Reappointments: TreeTop s.p.r.l., Emilie DALLEMAGNE and 5 others8 facts ▸
- General meeting, 01-06-2021
- Director reappointment, TreeTop s.p.r.l. (managing director)
- Director reappointment, Emilie DALLEMAGNE (director)
- Director reappointment, Pascal HOUSSIN (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
07-04
State Gazette act
Permanent representative: Benoît de BruynPower of attorney · Capital increase · Share issue8 facts ▸
- Board meeting, 05-03-2021
- Power of attorney, Treetop
- Power of attorney, Raymond VAXELAIRE
- Permanent representative, Benoît de Bruyn
- Capital increase, €440.844,48
- Share issue, actions sans mention de valeur nominale, 612284
- Capital, €1.817.196,67
- Statutes amendment
15-02
State Gazette act
RestructuringPermanent representative: Benoît de BRUYN · Appointment: RSM Inter Audit (statutory auditor) · Demerger16 facts ▸
- Board meeting, 13-01-2021
- Demerger, Apport de branches d'activité (chocolat, café, points de vente) à une société bénéficiaire à créer (probablement NEWTREE Groupe)
- Board composition, TreeTop (director)
- Permanent representative, Benoît de BRUYN
- Board composition, Pascal HOUSSIN (director)
- Board composition, Thibaud de SAINT-QUENTIN (director)
- Board composition, Michael Joseph BAUM (director)
- Board composition, Udaiyan JATAR (director)
- Board composition, Raymond VAXELAIRE (director)
- Board composition, Emilie DALLEMAGNE (director)
- Accounting effect, 01-01-2021
- Auditor appointment, RSM Inter Audit
- +4 further facts in this act
24-08
State Gazette act
Reappointments: TreeTop SPRL, Pascal HOUSSIN and 4 othersAppointment: Emilie DALLEMAGNE (director)8 facts ▸
- General meeting, 02-06-2020
- Director reappointment, TreeTop SPRL (managing director)
- Director reappointment, Pascal HOUSSIN (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
- Director appointment, Emilie DALLEMAGNE (director)
30-07
State Gazette act
Permanent representative: Benoît de BruynPower of attorney · Capital increase · Capital8 facts ▸
- Board meeting, 30-06-2020
- Power of attorney, Treetop
- Power of attorney, Thibaud de Saint-Quentin
- Permanent representative, Benoît de Bruyn
- Capital increase, €139.356,72
- Capital, €1.376.352,19
- Statutes amendment
- Power of attorney, Sophie Maquet
29-06
State Gazette act
Registered office · Capital & shares · Statutes amendmentReserve release · Capital increase · Capital10 facts ▸
- General meeting, 02-06-2020
- Reserve release, Réduction du compte prime d'émission pour incorporation des pertes reportées
- Capital increase, €232.259,04
- Capital, €1.236.995,47
- Registered-office move, Place du Luxembourg, 4, 1050 Bruxelles
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Power of attorney, NEWTREE
- Authorised capital, augmentations de capital, obligations convertibles, droits de souscription, EUR
19-04
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Capital7 facts ▸
- General meeting, 28-03-2018
- Capital increase, €54.380,25
- Share issue, actions nouvelles, 75522
- Capital, €1.004.736,43
- Warrant issuance, warrants, 125870
- Statutes amendment
- Power of attorney, Conseil d'administration
08-09
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointmentsShare issue · Capital increase · Capital5 facts ▸
- Share issue, warrants exercised, 11100
- Capital increase, €7.992,65
- Capital, €950.356,18
- Statutes amendment
- Power of attorney, Catherine de Buck Van Overstraeten
25-05
State Gazette act
Reappointments: TreeTop s.p.r.l., Pascal HOUSSIN and 4 others7 facts ▸
- General meeting, 02-06-2015
- Director reappointment, TreeTop s.p.r.l. (managing director)
- Director reappointment, Pascal HOUSSIN (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaijan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
19-06
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Reserve creation · Capital5 facts ▸
- General meeting, 02-06-2015
- Capital increase, €36.000
- Reserve creation, 364000.00, Prime d'émission
- Statutes amendment
- Capital, €942.360,61
10-06
State Gazette act
Reappointments: TreeTop SPRL, Pascal HOUSSIN and 4 others7 facts ▸
- General meeting
- Director reappointment, TreeTop SPRL (managing director)
- Director reappointment, Pascal HOUSSIN (director)
- Director reappointment, Thibaud DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaijan JATAR (director)
- Director reappointment, Raymond VAXELAIRE (director)
23-03
State Gazette act
Registered office · Resignations & appointmentsRegistered-office move2 facts ▸
- Board meeting, 21-01-2015
- Registered-office move, boulevard du Souverain 68 à 1170 Watermael-Boitsfort
03-10
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital4 facts ▸
- General meeting, 08-09-2014
- Capital increase, €33.333,12
- Capital, €906.360,61
- Statutes amendment
23-12
State Gazette act
Resignations: Jehanne de Walque (director) and Bernard Goret (director)Appointment: Raymond Vaxelaire (director) · Capital increase · Capital7 facts ▸
- General meeting, 28-11-2013
- Capital increase, €6.666,48
- Capital increase, €33.333,84
- Capital, €873.027,49
- Director resignation, Jehanne de Walque (director)
- Director resignation, Bernard Goret (director)
- Director appointment, Raymond Vaxelaire (director)
15-02
State Gazette act
Reappointments: TreeTop s.p.r.l., Jehanne DE WALQUE and 5 others8 facts ▸
- General meeting, 05-06-2012
- Director reappointment, TreeTop s.p.r.l. (managing director)
- Director reappointment, Jehanne DE WALQUE (director)
- Director reappointment, Bernard GORET (director)
- Director reappointment, José ZURSTRASSEN (director)
- Director reappointment, Thibaut DE SAINT-QUENTIN (director)
- Director reappointment, Michael BAUM (director)
- Director reappointment, Udaiyan JATAR (director)
14-02
State Gazette act
Resignation: José Zurstrassen (director)2 facts ▸
- Board meeting, 08-09-2012
- Director resignation, José Zurstrassen (director)
31-08
State Gazette act
Appointment: Pascal Houssin (administrateur coopté)Capital increase · Reserve creation · Capital5 facts ▸
- General meeting, 06-08-2012
- Capital increase, €51.428,88
- Reserve creation, 448.574,12, PRIME D'EMISSION
- Capital, €833.027,17
- Director appointment, Pascal Houssin (administrateur coopté)
22-05
State Gazette act
Reappointment: RSM Interaudit Société civile s.f.d.S.C.R.L. (statutory auditor)Resignations: Geneviève BRUYNSEELS, Raymond VAXELAIRE and Roger SLEIJPEN · Appointments: Udaiyan JATAR (director) and Michael BAUM (director) · Director discharge10 facts ▸
- General meeting, 07-06-2011
- Auditor reappointment, RSM Interaudit Société civile s.f.d.S.C.R.L.
- Director resignation, Geneviève BRUYNSEELS (director)
- Director resignation, Raymond VAXELAIRE (director)
- Director resignation, Roger SLEIJPEN (director)
- Director discharge, Geneviève BRUYNSEELS
- Director discharge, Raymond VAXELAIRE
- Director discharge, Roger SLEIJPEN
- Director appointment, Udaiyan JATAR (director)
- Director appointment, Michael BAUM (director)
02-08
State Gazette act
Capital & sharesShare cancellation · Share issue · Capital increase5 facts ▸
- General meeting, 28-06-2011
- Share cancellation, 83333, 33.333 warrants (2005) + 50.000 warrants (2007)
- Share issue, warrants, 100000
- Capital increase, €corresponding to the exercise of the subscription rights
- Power of attorney, NEWTREE
01-09
State Gazette act
Resignations: Bruno Colmant (director) and Philippe Pellegrino (director)Appointments: Thibaut de Saint-Quentin (director) and Geneviève Bruynseels (independent director) · Director discharge · Power of attorney9 facts ▸
- General meeting, 03-06-2008
- Director resignation, Bruno Colmant (director)
- Director discharge, Bruno Colmant
- Director resignation, Philippe Pellegrino (director)
- Director discharge, Philippe Pellegrino
- Director appointment, Thibaut de Saint-Quentin (director)
- Board meeting, 17-06-2008
- Director appointment, Geneviève Bruynseels (independent director)
- Power of attorney, TreeTop s.p.r.l.
04-07
State Gazette act
Statutes amendment · Resignations & appointments4 facts ▸
- General meeting, 03-06-2008
- Statutes amendment
- Statutes amendment
- Statutes amendment
14-01
State Gazette act
MiscellaneousStatutes amendment · Power of attorney2 facts ▸
- Statutes amendment
- Power of attorney, Euroclear Belgium (C.I.K. SA)
06-04
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Capital6 facts ▸
- General meeting, 15-11-2005
- Capital increase, €12.025,55
- Share issue, actions nouvelles, 16700
- Capital, €569.209,09
- Statutes amendment
- Subscription period, 14-02-2006
20-07
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Power of attorney · Share payment7 facts ▸
- General meeting, 02-07-2004
- Statutes amendment
- Statutes amendment
- Capital increase, €15.408,33
- Capital increase, €161.451,67
- Power of attorney, AFCO
- Share payment, Les 239 nouvelles actions (68 groupe A + 171 groupe B) sont libérées à concurrence de la totalité
21-06
State Gazette act
Resignation: Benoît de BRUYN (director and managing director)Appointment: TREETOP (director and managing director) · Permanent representative: Benoît de BRUYN · Power of attorney6 facts ▸
- Board meeting, 25-02-2004
- Director resignation, Benoît de BRUYN (director and managing director)
- Director appointment, TREETOP (director and managing director)
- Permanent representative, Benoît de BRUYN
- Director appointment, TREETOP (présidence du conseil d'administration)
- Power of attorney, TREETOP
16-02
State Gazette act
Statutes amendment · MiscellaneousCompany name · Legal form · Registered office4 facts ▸
- Company name, NEWTREE
- Legal form, Société Anonyme
- Registered office, Avenue Roger Vandendriessche, 9 à 1150 Bruxelles
- Enterprise number, 0474.468.867
Directors · office · real estate
Board 9
Show all 9 directors
4 not recently confirmed
Day-to-day management 3
1 not recently confirmed
Permanent representatives 1
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0165/00Y007 | Brussels | 2,183 m² | 1 · 716 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Bruno COLMANT |
|
| Michael BAUM |
|
| Raymond Vaxelaire |
|
| Udaiyan JATAR |
|
| Thibaud DE SAINT-QUENTIN |
|
| Emilie DALLEMAGNE |
|
| Whitestone Group |
|
| WHITSTONE GROUPfrom an act |
|
| WHITESTONE GROUP |
|
| TreeTop s.p.r.l. |
|
| TreeTop SPRL |
|
| TreeTop s.r.l. |
|
| RSM INTER AUDIT |
|
| TREETOP |
|
| Thibaut de Saint-Quentin |
|
| José ZURSTRASSEN |
|
| Udaijan JATAR |
|
| Pascal HOUSSIN |
|
| RSM Interaudit Société civile s.f.d.S.C.R.L. |
|
| Bernard Goret |
|
| Jehanne de Walque |
|
| Geneviève Bruynseels |
|
| Roger SLEIJPEN |
|
| Philippe Pellegrino |
|
| Benoît DE BRUYN |
|
Articles of association
Full purpose
La société a pour objet, tant en Belgique qu’à l’étranger, pour son compte propre ou pour le compte de tiers ou en participation avec des tiers, toutes opérations se rapportant directement ou indirectement : - à l’importation, l’exportation, le transit, l’achat, la vente, l’échange et la fabrication de tous produits, et marchandises dans le sens le plus large, ainsi qu’à leurs représentations en Belgique ou à l’ étranger. - à la recherche, la mise au point, le développement, l’analyse, la formulation, l’étude, le conseil, la fabrication, la transformation, la production, la distribution et la commercialisation de tous produits, procédés ou matériels des secteurs alimentaires, de la biotechnologie et de la biochimie; la fabrication, la transformation, l’achat, la vente, la représentation, la location, l’importation ou l’ exportation de tous produits, machines, matériaux, conditionnements et matières ou la fourniture de tout service en rapport avec la recherche, l’exploitation et la commercialisation de ces produits ou procédés. La présente énumération est énonciative mais pas limitative. La société peut effectuer, tant en Belgique qu'à l'étranger, toutes opérations industrielles, commerciales, financières, mobilières et immobilières se rapportant directement ou indirectement à son objet ou de nature à en favoriser la réalisation et le développement. La société pourra à cet effet créer des entreprises ou organismes, y prendre des participations ou intérêts, fusionner ou coopérer sous quelque forme que ce soit dans toutes sociétés, associations, affaires, belges ou étrangères, existantes ou à créer, sociétés qui ont un objet identique, similaire ou connexe, ou qui sont susceptibles de favoriser son entreprise ou de faciliter la vente de ses produits ou services ou qui sont de nature à lui procurer les matières premières ou à exercer la fonction d’administrateur délibérant dans toute autre société. La société pourra également ; - consentir tous prêts, crédits et avances sous quelque forme que ce soit et pour quelque durée que ce soit, à toutes entreprises affiliées ou dans laquelle la société possède une participation. - se voir octroyer, sous quelque forme que ce soit et pour quelque durée que ce soit, tous prêts, crédits et avances par toute personne physique ou morale dans le cadre de ses activités. - donner caution, aval ou toutes garanties généralement quelconques, tant pour ses propres engagements que pour les engagements de tiers, entre autres en donnant ses biens en hypothèque ou en gage, y compris son fonds de commerce.
Structure & network
Owners and holdings
4 owners · 1 holding · 3 subsidiaries in the treeOwners 4
-
18.31%
-
12.26%
-
11.59%
-
8.57%
Holdings 1
-
100%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
NEWTREE Group 100%2 subsidiaries
- NEWTREE SARLFR 100%
- ROASTREE 85%
According to the 2025 annual accounts of NEWTREE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
37 connected companiesShow 33 more companies with a shared director
Capital and shareholders
- CATALANFIN (BE 0432.918.621)
- NOSHAQ (BE 0426.624.509)
- WHITESTONE GROUP (BE 0467.731.030)
- AVEN ADVISORS
- IMBC SPINNOVA (BE 0870.661.013)
- FIMMOBEL (BE 0400.558.728)
- New Pavones (BE 0726.749.734)
- Financière SaintMichel (BE 0835.701.619)
- Jérôme LIPPENS
- Augustin LIPPENS
- Jean FASSIN
- Nicolas DILLEY
- Jean-Yves Terlinden
- New Pavones
- Financière Saint-Michel
- Xavier Bedoret
- Jérôme Lippens
- Augustin Lippens
- Vanessa Lippens
- Adeline Lippens
- Jean-Luc Percy
- Marie Guyette
- CATALANFIN
- IMBC Spinnova
- NOSHAQ
- Treetop (BE 0863.833.795)
- CATALANFIN (BE 0432.918.621)
- AVEN ADVISORS
- NTO Consulting (BE 0677.776.513)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 23-01-2026 Capital increase of 2,478,461.76 EUR · to 9,230,069.71 EUR · 3,442,308 new shares
- 22-01-2026 Capital increase of 290,769.12 EUR · to 6,751,607.95 EUR · 403,846 new shares
- 30-10-2025 Capital increase of 1,241,352 EUR · to 7,702,190.83 EUR · 1,724,100 new shares
- 05-07-2024 Capital increase of 496,552.32 EUR · to 6,460,838.83 EUR · 689,656 new shares
- 16-05-2024 Capital increase of 1,241,352 EUR · to 7,205,638.51 EUR · 1,724,100 new shares
- 24-04-2024 Capital increase of 1,405,815.34 EUR · 536,571 new shares
- 22-03-2024 Capital increase of 386,331.12 EUR · to 5,043,358.27 EUR · 536,571 new shares
- 22-03-2024 Capital increase of 920,928.24 EUR · to 5,964,286.51 EUR · 1,279,067 new shares
Show 16 older capital entries
- 31-01-2023 Capital increase of 1,296,000 EUR · to 4,657,027.15 EUR · 1,800,000 new shares
- 22-04-2022 Capital increase of 1,241,430.48 EUR · to 3,361,027.15 EUR · 1,724,209 new shares
- 29-09-2021 Capital increase of 302,400 EUR · to 2,119,596.67 EUR · 420,000 new shares
- 07-04-2021 Capital increase of 440,844.48 EUR · to 1,817,196.67 EUR · 612,284 new shares
- 30-07-2020 Capital increase of 139,356.72 EUR · to 1,376,352.19 EUR · 193,551 new shares
- 29-06-2020 Capital increase of 232,259.04 EUR · to 1,236,995.47 EUR · 322,582 new shares
- 19-04-2018 Capital increase of 54,380.25 EUR · to 1,004,736.43 EUR · 75,522 new shares
- 08-09-2016 Capital increase of 7,992.65 EUR · to 950,356.18 EUR
- 19-06-2015 Capital increase of 36,000 EUR · to 942,360.61 EUR · 50,000 new shares
- 03-10-2014 Capital increase of 33,333.12 EUR · to 906,360.61 EUR · 46,296 new shares · in kind
- 23-12-2013 Capital increase of 6,666.48 EUR · to 839,693.65 EUR · 9,259 new shares
- 23-12-2013 Capital increase of 33,333.84 EUR · to 873,027.49 EUR · 46,297 new shares · in kind
- 31-08-2012 Capital increase of 51,428.88 EUR · to 833,027.17 EUR · 71,429 new shares
- 06-04-2006 Capital increase of 12,025.55 EUR · to 569,209.09 EUR · 16,700 new shares
- 20-07-2004 Capital increase of 15,408.33 EUR · to 275,476.33 EUR
- 20-07-2004 Capital increase of 161,451.67 EUR · to 436,928 EUR · no new shares · from reserves
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.