R&Tree Engineering
ActiveSummary
R&Tree Engineering has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €40k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency50▼-50
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 1.0 against 2.55 in 2024; short-term debt: 75.3% and cash: 51.9% of total assets), and 75.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.7%
Return on assets
48.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-01-2026, 108 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
108 d early
2024
on the day
2023
141 d early
2022
118 d early
2021
47 d early
2020
74 d early
2019
58 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 62.3%
2024 · €54k
2018: €21k
2019: €23k▲ +8.7% vs 2018
2020: €27k▲ +17.3% vs 2019
2021: €44k▲ +65.3% vs 2020
2022: €72k▲ +61.5% vs 2021highest in 8 years
2023: €50k▼ -29.8% vs 2022
2024: €54k▲ +7.7% vs 2023
2025: €20k▼ -62.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€83k▲ 19.3%
2024 · €70k
2018: €58k
2019: €38k▼ -34.0% vs 2018
2020: €33k▼ -13.0% vs 2019lowest in 8 years
2021: €72k▲ +114% vs 2020
2022: €96k▲ +34.3% vs 2021highest in 8 years
2023: €67k▼ -30.1% vs 2022
2024: €70k▲ +3.5% vs 2023
2025: €83k▲ +19.3% vs 2024
2018 → 2025
Net result
€40k▲ 10.0%
2024 · €36k
2018: €33k
2019: €15k▼ -54.4% vs 2018
2020: €4k▼ -73.2% vs 2019lowest in 8 years
2021: €18k▲ +343% vs 2020
2022: €27k▲ +55.8% vs 2021
2023: €24k▼ -13.9% vs 2022
2024: €36k▲ +54.1% vs 2023
2025: €40k▲ +10.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€-263
2024 · €24k
2018: €-644lowest in 8 years
2019: €10k▲ +1620% vs 2018
2020: €18k▲ +88.0% vs 2019
2021: €17k▼ -7.0% vs 2020
2022: €26k▲ +48.9% vs 2021highest in 8 years
2023: €13k▼ -47.8% vs 2022
2024: €24k▲ +77.9% vs 2023
2025: €-263▼ -101% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€72k▲ 61.5%€50k▼ 29.8%€54k▲ 7.7%€20k▼ 62.3%
2021: €44k
2022: €72k▲ +61.5% vs 2021highest in 5 years
2023: €50k▼ -29.8% vs 2022
2024: €54k▲ +7.7% vs 2023
2025: €20k▼ -62.3% vs 2024lowest in 5 years
Operating result€20k-€33k▲ 65.6%€30k▼ 10.0%€45k▲ 52.6%€50k▲ 10.9%
2021: €20klowest in 5 years
2022: €33k▲ +65.6% vs 2021
2023: €30k▼ -10.0% vs 2022
2024: €45k▲ +52.6% vs 2023
2025: €50k▲ +10.9% vs 2024highest in 5 years
Net result€18k-€27k▲ 55.8%€24k▼ 13.9%€36k▲ 54.1%€40k▲ 10.0%
2021: €18klowest in 5 years
2022: €27k▲ +55.8% vs 2021
2023: €24k▼ -13.9% vs 2022
2024: €36k▲ +54.1% vs 2023
2025: €40k▲ +10.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€21k ▼ 32.2%
Current assets
€62k ▲ 59.7%
Equity and liabilities €83k
Equity
€20k ▼ 62.3%
Debt
€63k ▲ 309%
Debt's share of the balance-sheet total rises from 22.0% to 75.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €61k
Cash flow
€53k▲
2024 · €52k
Current ratio
1.00▼
2024 · 2.55
Debt to equity
3.06▲
2024 · 0.28
ROE
195.2%▲
2024 · 66.9%
ROA
48.1%▼
2024 · 52.2%
Interest coverage
448.81▲
2024 · 349.59
Debt ≤ 1 year
€63k▲
2024 · €15k
Income taxes
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€83k▲
Fixed assets21/28€31k€21k▼
Tangible fixed assets22/27€31k€21k▼
Plant, machinery and equipment23€16k€15k▼
Furniture and vehicles24€13k€3k▼
Other tangible fixed assets26€1k€3k▲
Current assets29/58€39k€62k▲
Amounts receivable within one year40/41€15k€18k▲
Trade receivables40€15k€15k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€23k€43k▲
Deferred charges and accrued income490/1€1k€997▼
Equity and liabilities
Total equity and liabilities10/49€70k€83k▲
Equity10/15€54k€20k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€36k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€34k€2▼
Amounts payable17/49€15k€63k▲
Amounts payable within one year42/48€15k€63k▲
Financial debts43€2k€5k▲
Other loans439€2k€5k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€8k€54k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Other operating charges640/8€546€727▲
Gross operating margin9900€61k€64k▲
Operating profit (loss)9901€45k€50k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€174€142▼
Recurring financial charges65€174€142▼
Profit (loss) for the period before taxes9903€45k€50k▲
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€36k€40k▲
Profit (loss) for the period to be appropriated9905€36k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€40k▼
Profit (loss) brought forward from the previous period14P€30k-
Transfer from equity791/2-€34k
Transfer to equity691/2€34k-
To other reserves6921€34k-
Profit to be distributed694/7€32k€74k▲
Return on contributions (dividend)694€30k€74k▲
Directors or managers695€3k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €780 | €4k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | €13k | €15k | €13k | ▼ 12.8% |
| Other operating charges640/8 | - | €388 | €545 | €546 | €727 | ▲ 33.2% |
| Gross operating margin9900 | €30k | €47k | €43k | €61k | €64k | ▲ 5.1% |
| Operating profit (loss)9901 | €20k | €33k | €30k | €45k | €50k | ▲ 10.9% |
| Financial income75/76B | - | €15 | €110 | €1 | €0 | ▼ 99.1% |
| Recurring financial income75 | €14 | €15 | €110 | €1 | €0 | ▼ 99.1% |
| Financial charges65/66B | - | €181 | €296 | €174 | €142 | ▼ 18.3% |
| Recurring financial charges65 | €137 | €181 | €296 | €174 | €142 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €20k | €33k | €29k | €45k | €50k | ▲ 11.0% |
| Income taxes67/77 | €2k | €5k | €6k | €9k | €10k | ▲ 15.4% |
| Profit (loss) for the period9904 | €18k | €27k | €24k | €36k | €40k | ▲ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €18k | €27k | €24k | €36k | €40k | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €96k | €67k | €70k | €83k | ▲ 19.3% |
| Fixed assets21/28 | €37k | €48k | €37k | €31k | €21k | ▼ 32.2% |
| Tangible fixed assets22/27 | €37k | €48k | €37k | €31k | €21k | ▼ 32.2% |
| Plant, machinery and equipment23 | - | €19k | €18k | €16k | €15k | ▼ 7.9% |
| Furniture and vehicles24 | - | €29k | €19k | €13k | €3k | ▼ 76.5% |
| Other tangible fixed assets26 | - | - | - | €1k | €3k | ▲ 107% |
| Current assets29/58 | €35k | €48k | €30k | €39k | €62k | ▲ 59.7% |
| Amounts receivable within one year40/41 | €10k | €11k | €16k | €15k | €18k | ▲ 23.9% |
| Trade receivables40 | - | €8k | €13k | €15k | €15k | ▲ 4.2% |
| Other amounts receivable41 | - | €3k | €2k | - | €3k | - |
| Cash at bank and in hand54/58 | €25k | €37k | €14k | €23k | €43k | ▲ 85.4% |
| Deferred charges and accrued income490/1 | - | - | €592 | €1k | €997 | ▼ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €96k | €67k | €70k | €83k | ▲ 19.3% |
| Equity10/15 | €44k | €72k | €50k | €54k | €20k | ▼ 62.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | - | - |
| Other1109/19 | - | €19k | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €36k | €2k | ▼ 94.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €34k | €2 | ▼ 100.0% |
| Profit (loss) carried forward14 | €24k | €51k | €30k | - | - | - |
| Amounts payable17/49 | €27k | €24k | €17k | €15k | €63k | ▲ 309% |
| Amounts payable after more than one year17 | €10k | €1k | - | - | - | - |
| Financial debts170/4 | - | €1k | - | - | - | - |
| Amounts payable within one year42/48 | €17k | €23k | €17k | €15k | €63k | ▲ 309% |
| Current portion of amounts payable after more than one year42 | - | €8k | €1k | - | - | - |
| Financial debts43 | - | - | €2k | €2k | €5k | ▲ 133% |
| Other loans439 | - | - | €2k | €2k | €5k | ▲ 133% |
| Trade debts44 | €2k | €2k | €3k | €4k | €2k | ▼ 55.1% |
| Suppliers440/4 | - | €2k | €3k | €4k | €2k | ▼ 55.1% |
| Taxes, remuneration and social security45 | - | €5k | €547 | €2k | €2k | ▲ 12.0% |
| Taxes450/3 | - | €5k | €547 | €2k | €2k | ▲ 12.0% |
| Other amounts payable47/48 | - | €7k | €10k | €8k | €54k | ▲ 613% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €27k | €24k | €36k | €40k | ▲ 10.0% |
| + Depreciation and write-downs630 | €9k | €14k | €13k | €15k | €13k | ▼ 12.8% |
| Operating cash flow (approximation) | €27k | €41k | €37k | €52k | €53k | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €-24k | €-3k | €-9k | €-4k | ▲ 59.6% |
| Change in cash | - | €13k | €-23k | €9k | €20k | ▲ 115% |
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
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €40k ▲10%
Operating result €50k, net result €40k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €4k ▼73.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 3.82
Current ratio from 1.63 to 3.82; short-term debt falls from €16k to €7k.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pajottegem · 1 establishment unit since 2017
Ground area
3,478 m²
Building footprint
482 m²
Volume, LiDAR
2,138 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R&Tree Engineering
since 20172.268.339.555
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024B0409/00E000 | Flanders | 2,410 m² | 1 · 303 m² | 7.2 m · 1 fl. |
| 23024B0473/00C000 | Flanders | 1,068 m² | 1 · 179 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 557 EUR awarded · 557 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 123 EUR | 123 EUR |
| 2023 | 1 | 299 EUR | 299 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,770 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2017
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.