NEWTREE Group

Active

Public limited companyfounded 20215 yrs activeVorstlaan 24, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0768.851.692

The computed 12-month bankruptcy probability of NEWTREE Group is 4.0% (moderate). The 2025 annual accounts show equity of €611k and a net result of €-342k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 95% of 637 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

52 / 100

Fair▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency100=

Growth58=

Stability94

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 2.45 against 2.55 in 2024), and 7.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year -€342k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filings

Deviation from the deadline

2025

31 d late

2024

on the day

2023

31 d late

2022

on the day

2021

24 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-342k▼ 39.1%

2024 · €-246k

2021: €-646k 2022: €-278k 2023: €-203k 2024: €-246k

2021 → 2025

Working capital

€75k▼ 60.9%

2024 · €191k

2021: €385k 2022: €161k 2023: €176k 2024: €191k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.04M-€764k▼ 26.7%€749k▼ 1.9%€753k▲ 0.6%€611k▼ 18.9%

Operating result€-190k-€-276k▼ 44.9%€-201k▲ 27.0%€-245k▼ 21.9%€-348k▼ 41.9%

Net result€-646k-€-278k▲ 56.9%€-203k▲ 26.9%€-246k▼ 20.9%€-342k▼ 39.1%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €348k in 2025 against €245k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €662k

80.9%

19.1%

Fixed assets €536k▼ 4.5%

Current assets €126k▼ 59.9%

Equity and liabilities €662k

92.2%

Equity €611k▼ 18.9%

Debt €52k▼ 58.3%

The debt ratio falls from 14.1% to 7.8%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-338k▼

2024 · €-234k

Cash flow

€-332k▼

2024 · €-234k

Solvency

92.2%▲

2024 · 85.9%

Current ratio

2.45▼

2024 · 2.55

Quick ratio

1.46▲

2024 · 1.12

Debt / equity

0.08▼

2024 · 0.16

ROE

-56.0%▼

2024 · -32.7%

ROA

-51.6%▼

2024 · -28.0%

Interest coverage

-397.22▼

2024 · -211.21

Debt

€52k▼

2024 · €124k

Debt ≤ 1 year

€52k▼

2024 · €124k

Staff costs

€130k▲

2024 · €100k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€876k€662k▼

Fixed assets21/28€561k€536k▼

Intangible fixed assets21€30k€23k▼

Tangible fixed assets22/27€2k€4k▲

Plant, machinery and equipment23€1k€3k▲

Furniture and vehicles24€64€1k▲

Financial fixed assets28€530k€509k▼

Current assets29/58€315k€126k▼

Stocks and contracts in progress3€177k€51k▼

Stocks30/36€177k€51k▼

Amounts receivable within one year40/41€110k€52k▼

Trade receivables40€91k€30k▼

Other amounts receivable41€19k€23k▲

Current investments50/53€4€4=

Cash at bank and in hand54/58€27k€23k▼

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€876k€662k▼

Equity10/15€753k€611k▼

Contributions10/11€2.13M€2.33M▲

Capital10€2.13M€2.33M▲

Issued capital100€2.38M€2.38M=

Uncalled capital101€250k€50k▼

Profit (loss) carried forward14€-1.37M€-1.72M▼

Amounts payable17/49€124k€52k▼

Amounts payable within one year42/48€124k€52k▼

Trade debts44€59k€35k▼

Suppliers440/4€59k€35k▼

Taxes, remuneration and social security45€13k€10k▼

Taxes450/3€2k€60▼

Remuneration and social security454/9€12k€10k▼

Other amounts payable47/48€52k€6k▼

Income statement Code20242025

Remuneration, social security and pensions62€100k€130k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€-18k▼

Other operating charges640/8€1k€5k▲

Non-recurring operating charges66A-€76k

Gross operating margin9900€-125k€-145k▼

Operating profit (loss)9901€-245k€-348k▼

Financial income75/76B€316€7k▲

Recurring financial income75€316€46▼

Non-recurring financial income76B-€7k

Financial charges65/66B€1k€852▼

Recurring financial charges65€1k€852▼

Profit (loss) for the period before taxes9903€-246k€-342k▼

Income taxes67/77€-429-

Profit (loss) for the period9904€-246k€-342k▼

Profit (loss) for the period to be appropriated9905€-246k€-342k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-1.37M€-1.72M▼

Profit (loss) brought forward from the previous period14P€-1.13M€-1.37M▼

Social balance

Average headcount (FTE)90871.01.3▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08