THE TREE COMPANY
InactiveTHE TREE COMPANY was declared bankrupt on 22-04-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 21-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-01-2024, 179 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
179 d late
2021
136 d late
2020
38 d early
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-36k▼ 16.5%
2021 · €-31k
2018: €6k
2019: €-12k
2020: €-15k
2021: €-31k
2018 → 2022
Total assets
€2k▲ 37.7%
2021 · €1k
2018: €18k
2019: €590
2020: €1k
2021: €1k
2018 → 2022
Net result
€-5k▲ 67.6%
2021 · €-16k
2018: €204
2019: €-17k
2020: €-3k
2021: €-16k
2018 → 2022
Working capital
€-36k▼ 16.5%
2021 · €-31k
2018: €6k
2019: €-12k
2020: €-15k
2021: €-31k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€6k-€-12k€-15k▼ 28.3%€-31k▼ 104%€-36k▼ 16.5%
Operating result€1k-€-12k€-3k▲ 73.0%€-16k▼ 399%€-5k▲ 67.8%
Net result€204-€-17k€-3k▲ 81.0%€-16k▼ 373%€-5k▲ 67.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2022 against €16k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2k
Fixed assets
€180=
Current assets
€2k▲ 43.8%
Key figures and ratios
Debt
€38k▲
2021 · €32k
Debt ≤ 1 year
€38k▲
2021 · €32k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1k€2k▲
Fixed assets21/28€180€180=
Financial fixed assets28€180€180=
Current assets29/58€1k€2k▲
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40€525€525=
Other amounts receivable41€561€1k▲
Cash at bank and in hand54/58€9€1▼
Equity and liabilities
Total equity and liabilities10/49€1k€2k▲
Equity10/15€-31k€-36k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€1k€1k=
Profit (loss) carried forward14€-52k€-57k▼
Amounts payable17/49€32k€38k▲
Amounts payable within one year42/48€32k€38k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45-€154
Taxes450/3-€154
Other amounts payable47/48€23k€30k▲
Income statement
Code20212022
Other operating charges640/8€505-
Gross operating margin9900€-15k€-5k▲
Operating profit (loss)9901€-16k€-5k▲
Financial charges65/66B€34€42▲
Recurring financial charges65€34€42▲
Profit (loss) for the period before taxes9903€-16k€-5k▲
Profit (loss) for the period9904€-16k€-5k▲
Profit (loss) for the period to be appropriated9905€-16k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-57k▼
Profit (loss) brought forward from the previous period14P€-37k€-52k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · THE TREE COMPANY BV DRUKPERSSTRAAT 4, 1000 BRUSSEL · event 14-10-2025
29-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · THE TREE COMPANY BV DRUKPERSSTRAAT 4, 1000 BRUSSEL · event 22-04-2025
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 136 days late
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-17k ▼8672%
Net result drops to €-17k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
02-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
22-04-2025 → present |