Losses
-€10.5m in seven years
Every financial year from 2019 to 2025 closed with a loss. 2019 was the heaviest.
NEWTREE
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €812,711 (2006)
-€393,312▼ €60,697
lowest -€5.0m (2019)
-€2.9m▼ €978,875
peak €24.4m (2025)
€24.4m▲ 41.3%
€356,888▲ 259%
peak 11.5 FTE (2008)
2.3 FTE▲ 21.1%
Board23 names since 2004all names
7 directorsBruno COLMANT and 6 others
Owners4 names in the annual accounts
18.31%NOSHAQ and 2 others
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Gross margin from -€332,616 to -€393,312Loss of €2.9mStaff from 1.9 FTE to 2.3 FTECapital increase · Resignations & appointments 30-109 directors reappointed 26-098 directors reappointed 03-04
Key points
from the 2025 annual accountsStaff
2.3 FTE from 11.5 in 2008
Between 2008 and 2025, 80% of the full-time equivalents disappeared.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 0 to 28 days before the end of the period.
At the same address
86 companies
Group
3 companies controlled
Heads a group.
Position in the sector
-€2.9m
Lower net result than 95% of companies in financial services. Sector median €103,919 · 3,044 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
on the day
2023
28 days early
2022
28 days early
2021
27 days early
2020
on the day
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
S
SRLTREETOP
Managing director
- NOSHAQ 18.31%equity €212.1m (2025) · 30-06-2025 annual accounts of NOSHAQ
- Whitestone Group 12.26%equity €76.5m (2025) · 2025 annual accounts of Whitestone Group
- IMBC SPINNOVA 11.59%equity €2.0m (2025) · 30-06-2025 annual accounts of IMBC SPINNOVA
Shares in 1 company, NEWTREE Group
Board & ownershipRecent changes
Capital increase of €2,478,461.76 to €9,230,069.71
Capital from €6,751,607.95 to €9,230,069.71, 3,442,308 new shares · Contributions: Wallonie Entreprendre (€2,499,998.80, 961,538 shares); SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (€2,000,000.60, 769,231 shares); IMBC SPINNOVA (€599,999.40, 230,769 shares); and 13 others · Board meeting of 19-12-2025 · Gazette deed
Capital increase of €290,769.12 to €6,751,607.95
Capital from €6,460,838.83 to €6,751,607.95, 403,846 new shares · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474468867
Capital increase · Resignations & appointments
Board meeting of 19-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NEWTREE Watermael-Boitsfort | €24.8m | -€0.4m | 98.6% | 2.3 |
| HOLDING GEERT VAN LANDUYT Wetteren | €26.3m | -€0.02m | 88.1% | 1.3 |
| INDUCAM Kontich | €25.4m | -€0.2m | 98.4% | 2 |
| L'AURVAMEDE La Hulpe | €15.4m | -€0.1m | 85.8% | 1.6 |
| SOCIETE PATRIMONIALE A PORTEFEUILLE Charleroi | €32.8m | -€0.2m | 70.7% | 1.3 |
| PELEMAN PROPERTIES Puurs-Sint-Amands | €16.6m | -€0.4m | 53.1% | 1.5 |
| FAMDES Lievegem | €24.2m | -€1.1m | 10.2% | 1.5 |
These companies have the same main activity as NEWTREE: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €15m and €33m, founded between 1992 and 2004.
Official details
Source: KBO- Status
- Active since 02-04-2001Normal situation
- Registered office
- 87 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.098.139.2961170 Watermael-Boitsfort, since 12-06-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- €24.8m▲ 42.5%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Companies linked to NEWTREE
Shareholders
- WHITESTONE PARTNERS8.57%
Insights on NEWTREE
The gross margin has fallen every year since 2018.
In September 2025, the Official Gazette published the appointment of SRLTREETOP as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NEWTREE
- What is the company number of NEWTREE?
- The company number of NEWTREE is 0474.468.867. The VAT number is the same number with BE in front: BE 0474.468.867.
- Where is NEWTREE based?
- The registered office is at Vorstlaan 24, 1170 Watermael-Boitsfort.Company details
- What does NEWTREE do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of NEWTREE?
- NEWTREE is a public limited company (NV).
- When was NEWTREE founded?
- NEWTREE was founded on 02-04-2001.
- Is NEWTREE still active?
- Yes, NEWTREE is an active enterprise in the KBO register.
- How many employees does NEWTREE have?
- NEWTREE had an average of 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NEWTREE fall under?
- In its 2025 annual accounts, NEWTREE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NEWTREE?
- The annual accounts for financial year 2025 state no turnover.
- Is NEWTREE profitable?
- In financial year 2025, NEWTREE made a loss of €2.9m.
- Where can I find the annual accounts of NEWTREE?
- NEWTREE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NEWTREE due?
- NEWTREE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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