Tree Development
ActiveSummary
Tree Development has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,201 and a net result of €13,640. Its solvency ranks better than 34% of 16,873 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €12,201
- Profit
- €13,640
Why 71raises riskFounded in 2024Size: total assets €107,633Equity €12,201 (11.3% of total assets)lowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, micro): better than 32% on solvency, 70% on liquidity, 57% on profitability and 99% on growth.
The bankruptcy probability was computed on 17-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 1 day before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €13,640
- Liquidity more than 119 timescurrent ratio 19.82
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €17,091 after a loss of €3,439 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €387 | €520 | ▲ 34.2% |
| Gross operating margin9900 | -€3,051 | €17,611 | - |
| Operating profit (loss)9901 | -€3,439 | €17,091 | - |
| Financial charges65/66B | - | €50 | - |
| Recurring financial charges65 | - | €50 | - |
| Profit (loss) for the period before taxes9903 | -€3,439 | €17,041 | - |
| Income taxes67/77 | - | €3,400 | - |
| Profit (loss) for the period9904 | -€3,439 | €13,640 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,439 | €13,640 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €286 | €107,633 | ▲ 37,568% |
| Current assets29/58 | €286 | €107,633 | ▲ 37,568% |
| Stocks and contracts in progress3 | - | €82,460 | - |
| Contracts in progress37 | - | €82,460 | - |
| Amounts receivable within one year40/41 | €118 | €17,972 | ▲ 15,087% |
| Trade receivables40 | - | €185 | - |
| Other amounts receivable41 | €118 | €17,787 | ▲ 14,930% |
| Cash at bank and in hand54/58 | €167 | €7,201 | ▲ 4,202% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €286 | €107,633 | ▲ 37,568% |
| Equity10/15 | -€1,439 | €12,201 | - |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | - | €10,201 | - |
| Distributable reserves133 | - | €10,201 | - |
| Profit (loss) carried forward14 | -€3,439 | - | - |
| Amounts payable17/49 | €1,724 | €95,432 | ▲ 5,434% |
| Amounts payable after more than one year17 | - | €90,000 | - |
| Financial debts170/4 | - | €90,000 | - |
| Amounts payable within one year42/48 | €1,724 | €5,432 | ▲ 215% |
| Trade debts44 | - | €250 | - |
| Suppliers440/4 | - | €250 | - |
| Taxes, remuneration and social security45 | - | €3,400 | - |
| Taxes450/3 | - | €3,400 | - |
| Other amounts payable47/48 | €1,724 | €1,781 | ▲ 3.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,439 | €13,640 | - |
| Operating cash flow (approximation) | -€3,439 | €13,640 | - |
| Change in cash | - | €7,034 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00356192 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328289 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
22-07
Gazette deed
IncorporationAppointments: VRIESACKER Kris (director) and CIVES (director) · Permanent representative: LUYTEN Evi · Founding capital16 facts ▸
- Founding capital, €2,000
- Shareholding, 80, 1600
- Shareholding, 20, 400
- Bank account, “Belfius, geblokkeerde rekening op naam van vennootschap in oprichting” (deed in Dutch)
- Other provision, “overgangsbepalingen uitwerking, comparant eenparig” (deed in Dutch)
- Registered office clause, “2930 Brasschaat, Zegelei 24” (deed in Dutch)
- Board rule, 2
- Director appointment, VRIESACKER Kris (director (not named in the articles))
- Director appointment, CIVES (director (not named in the articles))
- Permanent representative, LUYTEN Evi
- Other provision, “centraal register bestuursverboden, zonder resultaat” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten door comparant in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1011.720.688
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11008H0078/00T000 | Flanders | 1,518 m² | 1 · 191 m² | 6.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Tree Development
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze titel” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met voorgeschreven vermeldingen Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Geen beroep op rechter tegen weigering, zelfde bij weigering goedkeuring erfgenaam of legataris” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte van nieuwe aandelen-recht van voorkeur, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)