T-Tree
ActiveSummary
T-Tree has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8,100 and a net result of €34,213. Equity is shrinking by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency46▼-40
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.7%
Return on assets
87.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
46 d late
2022
32 d late
2021
30 d late
2020
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€8,100▼ 61.2%
2023 · €20,887
Total assets
€39,153▲ 14.7%
2023 · €34,136
Net result
€34,213▼ 0.9%
2023 · €34,528
Working capital
€7,571▼ 60.4%
2023 · €19,121
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€40,163-€16,173▼ 59.7%-€30,777€36,447€43,945▲ 20.6%
Net result€31,936-€11,978▼ 62.5%-€30,555€34,528€34,213▼ 0.9%
Equity€34,936-€46,914▲ 34.3%€16,359▼ 65.1%€20,887▲ 27.7%€8,100▼ 61.2%
Total assets€51,837-€64,486▲ 24.4%€26,684▼ 58.6%€34,136▲ 27.9%€39,153▲ 14.7%
Debt€16,900-€17,572▲ 4.0%€10,325▼ 41.2%€13,249▲ 28.3%€31,053▲ 134%
Working capital€18,554-€32,567▲ 75.5%€8,750▼ 73.1%€19,121▲ 119%€7,571▼ 60.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39,153
Fixed assets
€529 ▼ 70.0%
Current assets
€38,624 ▲ 19.3%
Equity and liabilities €39,153
Equity
€8,100 ▼ 61.2%
Debt
€31,053 ▲ 134%
Debt's share of the balance-sheet total rises from 38.8% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,182▲
2023 · €39,594
Cash flow
€35,450▼
2023 · €37,674
Current ratio
1.24▼
2023 · 2.44
Debt to equity
3.83▲
2023 · 0.63
ROE
422.4%▲
2023 · 165.3%
ROA
87.4%▼
2023 · 101.1%
Interest coverage
99.09▲
2023 · 73.13
Debt ≤ 1 year
€31,053▲
2023 · €13,249
Income taxes
€9,665▲
2023 · €1,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,167 | €6,679 | €7,818 | €3,146 | €1,237 | ▼ 60.7% |
| Other operating charges640/8 | - | €1,527 | €486 | €715 | €488 | ▼ 31.7% |
| Gross operating margin9900 | €43,330 | €24,379 | -€22,473 | €40,309 | €45,670 | ▲ 13.3% |
| Operating profit (loss)9901 | €40,163 | €16,173 | -€30,777 | €36,447 | €43,945 | ▲ 20.6% |
| Financial income75/76B | - | - | €297 | €249 | €390 | ▲ 56.3% |
| Recurring financial income75 | - | - | €297 | €249 | €390 | ▲ 56.3% |
| Financial charges65/66B | - | €137 | €104 | €541 | €456 | ▼ 15.8% |
| Recurring financial charges65 | €67 | €137 | €104 | €541 | €456 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €40,096 | €16,036 | -€30,585 | €36,155 | €43,878 | ▲ 21.4% |
| Income taxes67/77 | €8,160 | €4,058 | -€29 | €1,627 | €9,665 | ▲ 494% |
| Profit (loss) for the period9904 | €31,936 | €11,978 | -€30,555 | €34,528 | €34,213 | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €31,936 | €11,978 | -€30,555 | €34,528 | €34,213 | ▼ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,837 | €64,486 | €26,684 | €34,136 | €39,153 | ▲ 14.7% |
| Fixed assets21/28 | €16,383 | €14,348 | €7,609 | €1,766 | €529 | ▼ 70.0% |
| Tangible fixed assets22/27 | €16,383 | €14,348 | €7,609 | €1,766 | €529 | ▼ 70.0% |
| Furniture and vehicles24 | - | €14,348 | €7,609 | €1,766 | €529 | ▼ 70.0% |
| Current assets29/58 | €35,454 | €50,138 | €19,075 | €32,370 | €38,624 | ▲ 19.3% |
| Amounts receivable within one year40/41 | €22,208 | €17,547 | €9,549 | €30,262 | €37,624 | ▲ 24.3% |
| Trade receivables40 | - | €17,547 | €9,549 | €29,113 | €25,211 | ▼ 13.4% |
| Other amounts receivable41 | - | - | - | €1,149 | €12,413 | ▲ 980% |
| Current investments50/53 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Cash at bank and in hand54/58 | €13,246 | €31,591 | €8,526 | €1,108 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,837 | €64,486 | €26,684 | €34,136 | €39,153 | ▲ 14.7% |
| Equity10/15 | €34,936 | €46,914 | €16,359 | €20,887 | €8,100 | ▼ 61.2% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €31,936 | €43,914 | €13,359 | €17,887 | €5,100 | ▼ 71.5% |
| Amounts payable17/49 | €16,900 | €17,572 | €10,325 | €13,249 | €31,053 | ▲ 134% |
| Amounts payable within one year42/48 | €16,900 | €17,572 | €10,325 | €13,249 | €31,053 | ▲ 134% |
| Financial debts43 | - | - | - | - | €3,476 | - |
| Credit institutions430/8 | - | - | - | - | €3,476 | - |
| Trade debts44 | €145 | €7,275 | €6,595 | €1,412 | €2,870 | ▲ 103% |
| Suppliers440/4 | - | €7,275 | €6,595 | €1,412 | €2,870 | ▲ 103% |
| Taxes, remuneration and social security45 | - | €10,296 | €2,334 | €11,837 | €24,707 | ▲ 109% |
| Taxes450/3 | - | €9,415 | €2,334 | €11,837 | €24,707 | ▲ 109% |
| Remuneration and social security454/9 | - | €881 | - | - | - | - |
| Other amounts payable47/48 | - | - | €1,396 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,936 | €11,978 | -€30,555 | €34,528 | €34,213 | ▼ 0.9% |
| + Depreciation and write-downs630 | €3,167 | €6,679 | €7,818 | €3,146 | €1,237 | ▼ 60.7% |
| Operating cash flow (approximation) | €35,103 | €18,657 | -€22,737 | €37,674 | €35,450 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | -€4,644 | -€1,079 | €2,696 | €0 | ▼ 100% |
| Change in cash | - | €18,346 | -€23,065 | -€7,419 | - | - |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 46 days late
2023
31-12
Financial
Back to profitnet €34,528
Net result €34,528 after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€30,555
Net result drops to -€30,555, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2019
Ground area
163 m²
Building footprint
105 m²
Volume, LiDAR
1,422 m³
Parcel 21618B0278/00K006, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Mariannestraat 38, 1180 Ukkel
since 20192.297.528.340
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0278/00K006 | Brussels | 163 m² | 1 · 105 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
87550039J251B10MJX56
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D & A CONNECTIONS
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 8,467 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
Founded17-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46190Agents in non-specialised wholesale trade
82300Organisation of conventions and trade shows
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.