Equity
€4.9m ▲ 5.6%
TREE HOUSE has made a profit in every financial year since 2008.
TREE HOUSE
Lifetime
17 annual accounts with figures on one time axis, 37 filings since 1989peak €3.7m (2021)
€1.2m▲ 3.4%
peak €2.2m (2021)
€461,440▲ 21.7%
peak €5.5m (2017)
€4.9m▲ 5.6%
€5.4m▲ 49.1%
Board9 names since 2018
4 directorsJOOS and 3 others
Owners5 names in the annual accounts
consolidatesJOOS
Documentsfilings and deeds
21-05-202671 days before the deadline
2025abbreviated format
1 director appointed, 4 reappointments 16-05Dividend €200,000Debts from €3.6m to €5.4mInvestments €2.7mCash from €491,520 to €42,467
Key points
from the 2025 annual accountsDebts
€5.4m ▲ 49.1%
Debts rose by €1.8m in 2025.
Liquidity
0.23 was 0.65 in 2024
Short-term debts rose from €752,474 to €1.2m.
Filings
37 annual accounts since 1989
The last five annual accounts were filed 68 to 79 days before the end of the period.
Restructuring
2024
Merger with THE TREE HOUSE. Merger on 11-09-2024.
Position in the sector
€461,440
Higher net result than 93% of companies in real estate. Sector median €9,976 · 11,288 companies.
Checked score
96
Excellent
Financially stronger than 67% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,719 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026highest value
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.23, cash €42,467, halved
lowers risk
Size: total assets €10.8m
Founded in 1988
Figures for financial year 2025 (filed on 27-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 66% of them on solvency, 51% on liquidity, 86% on profitability and 65% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as TREE HOUSE has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of TREE HOUSE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for TREE HOUSE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €470,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.23 (0.65 in 2024), below 1. Short-term debt is 10.7% and cash 0.4% of total assets. 54.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
79 days early
2023
70 days early
2022
68 days early
2021
74 days early
2020
65 days early
2019
59 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 69 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 21 May (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
- HEZTIA 33.33%equity €1.7m (2024) · 2022 annual accounts of HEZTIA
- MINAH 33.33%equity €3.7m (2024) · 2022 annual accounts of MINAH
Shares in 1 company, IMMO MATTHYS
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0433552089
1 director appointed, 4 reappointments
Reappointments: Joos nv, IIse Vandoninck, Elisabeth Joos and Alexander Joos · Appointment: Joos nv (managing director) · General meeting of 06-05-2025 · Gazette deed
Merger: SYMA (thans Tree House) takes over THE TREE HOUSE
Company renamed from SYMA to Tree House · Capital increase of €18,600 to €390,422.86 · Capital from €371,822.86 to €390,422.86, 36 new shares · General meeting of 28-08-2024 · Gazette deed
Merger proposal: SYMA takes over THE TREE HOUSE
“uitbreiding van het voorwerp” (deed in Dutch) · Joos NV holds all the shares · Capital increase of €18,600 · Board meeting of 16-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TREE HOUSE Turnhout | €10.8m | €1.2m | 45.5% | - |
| VAN DER WILDT INVEST Brasschaat | €11.3m | €1.0m | 33.0% | 0.5 |
| ANTOM BEHEER Antwerp | €10.1m | €1.4m | 8.4% | - |
| SCHRAUWEN FOURAGE Wuustwezel | €9.7m | €1.4m | 50.8% | - |
| E.B.M. Erpe-Mere | €10.9m | €1.2m | 26.9% | - |
| BRENCO Sint-Martens-Latem | €11.0m | €1.3m | 26.3% | 2.7 |
| FLANDERS WEAVERS Waregem | €10.5m | €1.3m | 77.7% | - |
These companies have the same main activity as TREE HOUSE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €9.7m and €11m, founded between 1986 and 1990.
Official details
Source: KBO- Status
- Active since 16-03-1988Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.036.277.4482300 Turnhout, since 23-03-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €1.5mestimated
- €10.8m▲ 22.5%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on TREE HOUSE
TREE HOUSE files the abbreviated format. That format states no turnover. The gross margin rose from €751,403 in 2016 to €1.2m in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets, financed with long-term debt.
In December 2023, the Official Gazette published the appointment of JOOS 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 TREE HOUSE
- What is the company number of TREE HOUSE?
- The company number of TREE HOUSE is 0433.552.089. The VAT number is the same number with BE in front: BE 0433.552.089.
- Where is TREE HOUSE based?
- The registered office is at Everdongenlaan 14, 2300 Turnhout.Company details
- What does TREE HOUSE do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of TREE HOUSE?
- TREE HOUSE is a public limited company (NV).
- When was TREE HOUSE founded?
- TREE HOUSE was founded on 16-03-1988.
- Is TREE HOUSE still active?
- Yes, TREE HOUSE is an active enterprise in the KBO register.
- What is the turnover of TREE HOUSE?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €1.2m and 32 comparable companies (NACE 68203). It probably lies between €1.2m and €1.7m.Financials
- Is TREE HOUSE profitable?
- In financial year 2025, TREE HOUSE made a profit of €461,440.
- Where can I find the annual accounts of TREE HOUSE?
- TREE HOUSE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TREE HOUSE due?
- TREE HOUSE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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