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NEWTREE

Active Risk: not assessed
Public limited companyfounded 2001active for 25 yearsVorstlaan 24, 1170 Watermaal-Bosvoorde, Belgium87 active companies are registered at this addressKBO/BCE: BE 0474.468.867
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 about 50% per year across the filed financial years. Its solvency ranks better than 91% of 3,016 sector peers (NACE 64, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.

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Directors

Directors
9 directors, 3 in day-to-day management, no change since 2024

Board 9

Michael BAUM
Director · since 07-06-2011
Current
Udaiyan JATAR
Director · since 07-06-2011
Current
Raymond Vaxelaire
Director · since 28-11-2013
Current
Thibaud DE SAINT-QUENTIN
Director · since 02-06-2015
Current
Emilie DALLEMAGNE
Director · since 02-06-2020
Current
Bruno COLMANT
Director · since 10-03-2023
Current
Frédéric POUCHAIN
Director
Current
Whitestone Group
Director · Public limited company · permanent representative: Frédéric POUCHAIN
Current
Show all 9 directors
WHITSTONE GROUP
Director · Legal entity · from a recent deed
Current
4 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
TreeTop SPRL
Director and managing director · since 25-02-2004 · Legal entity · permanent representative: Benoît DE BRUYN
Not recently confirmed
Thibaut de Saint-Quentin
Director · since 15-05-2008
Not recently confirmed
Udaijan JATAR
Director · since 02-06-2015
Not recently confirmed
José ZURSTRASSEN
Director
Not recently confirmed

Day-to-day management 3

TreeTop SPRL
Managing director · since 25-02-2004 · Legal entity · permanent representative: Benoît DE BRUYN
Current
TreeTop s.p.r.l.
Managing director · since 02-06-2015 · Legal entity
Current
SRLTREETOP
Managing director · Legal entity
Current

Permanent representatives 1

Frédéric POUCHAIN
Permanent representative · for Whitestone Group
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Benoît DE BRUYN
Permanent representative · since 25-02-2004 · for TreeTop SPRL
Not recently confirmed

Statutory auditor 1

RSM INTER AUDIT
Auditor · since 05-02-2021
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

24 people since 2004, 16 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
TreeTop SPRL
  • Director and managing director, from 25-02-2004 not ended, last confirmed 21-06-2004
  • Director and managing director, from 25-02-2004 to date
Bruno COLMANT
  • Director, until 17-09-2007
  • Director, from 10-03-2023 to date
Michael BAUM
  • Director, from 07-06-2011 to date
Raymond Vaxelaire
  • Director, until 07-06-2011
  • Director, from 28-11-2013 to date
Udaiyan JATAR
  • Director, from 07-06-2011 to date
Thibaud DE SAINT-QUENTIN
  • Director, since before 02-06-2015
Emilie DALLEMAGNE
  • Director, from 02-06-2020 to date
Whitestone Group
  • Director, since before 03-04-2025
WHITSTONE GROUPfrom an act
  • Director, since before 03-04-2025
Frédéric POUCHAIN
  • Director, since before 26-09-2025
TreeTop s.p.r.l.
  • Managing director, since before 15-02-2013
SRLTREETOP
  • Managing director, since before 26-09-2025
RSM INTER AUDIT
  • Auditor, from 05-02-2021 to date
Thibaut de Saint-Quentin
  • Director, from 15-05-2008 not ended, last confirmed 15-02-2013
José ZURSTRASSEN
  • Director, until 04-02-2013
  • Director, from before 15-02-2013 not ended, last confirmed 15-02-2013
Udaijan JATAR
  • Director, from before 02-06-2015 not ended, last confirmed 25-05-2016
Pascal HOUSSIN
  • Administrateur coopté, from 18-07-2012 to 10-03-2023
  • Director, from before 14-03-2023 to 24-04-2024
RSM Interaudit Société civile s.f.d.S.C.R.L.
  • Auditor, from 07-06-2011 to 05-02-2021
Bernard Goret
  • Director, from before 15-02-2013 to 07-10-2013
Jehanne de Walque
  • Director, from before 15-02-2013 to 07-10-2013
Geneviève Bruynseels
  • Independent director, from 17-06-2008 to 07-06-2011
Roger SLEIJPEN
  • Director, until 07-06-2011
Philippe Pellegrino
  • Director, until 13-05-2008
Benoît DE BRUYN
  • Director and managing director, until 25-02-2004
  • Director and managing director, until 25-02-2004
See the board, name and registered office on a given date →

Owners and capital

Owners

4 owners

Owners 4

According to the 2025 annual accounts of NEWTREE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
After the capital increase act of 23-01-2026 ↗
  • Wallonie Entreprendre (BE 0793.630.244) 961,538 shares · €2,499,998.80 in cash
  • SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (BE 0253.445.063) 769,231 shares · €2,000,000.60 in cash
  • IMBC SPINNOVA (BE 0870.661.013) 230,769 shares · €599,999.40 in cash
  • DOFIS (BE 0817.255.979) 192,308 shares · €500,000.80 in cash
  • CATALANFIN (BE 0432.918.621) 153,846 shares · €399,999.60 in cash
  • BLÉSIN Arnaud Albert Laurent 115,385 shares · €300,001 in cash
  • VAXELAIRE Natacha Nadine Françoise 96,154 shares · €250,000.40 in cash
  • VAN LAETHEM Ludovic François Christine 96,154 shares · €250,000.40 in cash
  • BRUNOOL 76,923 shares · €199,999.80 in cash
  • VAN HAAREN Nicolas Dominique Marie Cornelis 57,692 shares · €149,999.20 in cash
  • FIMMOBEL (BE 0400.558.728) 57,692 shares · €149,999.20 in cash
  • Edeca Consult (BE 0652.893.736) 57,692 shares · €149,999.20 in cash
  • THEYS Rodrigue Alain Maurice 38,462 shares · €100,001.20 in cash
  • GOGREEN CAPITAL (BE 0809.715.517) 38,462 shares · €100,001.20 in cash
  • WHITESTONE GROUP (BE 0467.731.030) 461,538 shares · €1,199,998.80 in cash
  • AVEN ADVISORS 38,462 shares · €100,001.20 in cash
After the capital increase act of 22-04-2022 ↗
  • 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
After the capital increase act of 30-07-2020 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 23-01-2026 Capital increase of €2,478,461.76 · to €9,230,069.71 · 3,442,308 new shares · in cash
  2. 22-01-2026 Capital increase of €290,769.12 · to €6,751,607.95 · 403,846 new shares
  3. 05-07-2024 Capital increase of €496,552.32 · to €6,460,838.83 · 689,656 new shares
  4. 16-05-2024 Capital increase of €1,241,352 · 1,724,100 new shares
  5. 22-03-2024 Capital increase of €386,331.12 · to €5,043,358.27 · 536,571 new shares
  6. 22-03-2024 Capital increase of €920,928.24 · to €5,964,286.51 · 1,279,067 new shares
  7. 31-01-2023 Capital increase of €1,296,000 · to €4,657,027.15 · 1,800,000 new shares · in cash
  8. 22-04-2022 Capital increase of €1,241,430.48 · to €3,361,027.15 · 1,724,209 new shares
Show 14 older capital entries
  1. 29-09-2021 Capital increase of €302,400 · to €2,119,596.67 · 420,000 new shares
  2. 07-04-2021 Capital increase of €440,844.48 · to €1,817,196.67 · 612,284 new shares
  3. 30-07-2020 Capital increase of €139,356.72 · to €1,376,352.19 · 193,551 new shares
  4. 29-06-2020 Capital increase of €232,259.04 · to €1,236,995.47 · 322,582 new shares
  5. 19-04-2018 Capital increase of €54,380.25 · to €1,004,736.43 · 75,522 new shares
  6. 08-09-2016 Capital increase of €7,992.65 · to €950,356.18
  7. 19-06-2015 Capital increase of €36,000 · to €942,360.61 · 50,000 new shares
  8. 03-10-2014 Capital increase of €33,333.12 · to €906,360.61 · 46,296 new shares · in kind
  9. 23-12-2013 Capital increase of €6,666.48 · to €839,693.65 · 9,259 new shares
  10. 23-12-2013 Capital increase of €33,333.84 · to €873,027.49 · 46,297 new shares · in kind
  11. 31-08-2012 Capital increase of €51,428.88 · to €833,027.17 · 71,429 new shares
  12. 06-04-2006 Capital increase of €12,025.55 · to €569,209.09 · 16,700 new shares
  13. 20-07-2004 Capital increase of €15,408.33 · to €275,476.33
  14. 20-07-2004 Capital increase of €161,451.67 · to €436,928 · no new shares · from reserves

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