TREE FINANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.05M and a net result of €-11k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 75% of 1475 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
69 d late
2023
67 d late
2022
70 d late
2021
76 d late
2020
74 d late
2019
138 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.05M▼ 0.2%
2024 · €5.06M
2018: €8k
2019: €3k
2020: €2.33M
2021: €2.31M
2022: €2.34M
2023: €2.91M
2024: €5.06M
2018 → 2025
Net result
€-11k
2024 · €3.16M
2018: €-4k
2019: €-5k
2020: €-9k
2021: €-22k
2022: €31k
2023: €899k
2024: €3.16M
2018 → 2025
Total assets
€7.36M▼ 11.9%
2024 · €8.36M
2018: €3.85M
2019: €3.67M
2020: €5.89M
2021: €5.86M
2022: €6.41M
2023: €6.93M
2024: €8.36M
2018 → 2025
Solvency
68.6%▲ 8.0pp
2024 · 60.6%
2018: 0.2%
2019: 0.1%
2020: 39.6%
2021: 39.4%
2022: 36.5%
2023: 42.0%
2024: 60.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.31M-€2.34M▲ 1.3%€2.91M▲ 24.1%€5.06M▲ 74.3%€5.05M▼ 0.2%
Operating result€-22k-€40k€31k▼ 22.3%€65k▲ 109%€-2k
Net result€-22k-€31k€899k▲ 2,792%€3.16M▲ 252%€-11k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €65k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.36M
Fixed assets
€4.43M▲ 3.5%
Current assets
€2.93M▼ 28.1%
Equity and liabilities €7.36M
Equity
€5.05M▼ 0.2%
Debt
€2.31M▼ 29.8%
The debt ratio falls from 39.4% to 31.4%. Equity and debt are lower.
Key figures and ratios
Solvency
68.6%▲
2024 · 60.6%
ROE
-0.2%▼
2024 · 62.4%
ROA
-0.1%▼
2024 · 37.8%
Debt
€2.31M▼
2024 · €3.29M
Debt ≤ 1 year
€1.93M▼
2024 · €2.88M
Debt > 1 year
€378k▼
2024 · €410k
Income taxes
€627▼
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.36M€7.36M▼
Fixed assets21/28€4.28M€4.43M▲
Tangible fixed assets22/27€701k€688k▼
Land and buildings22€701k€688k▼
Financial fixed assets28€3.58M€3.75M▲
Current assets29/58€4.08M€2.93M▼
Amounts receivable within one year40/41€3.86M€2.84M▼
Trade receivables40€3k€178k▲
Other amounts receivable41€3.86M€2.66M▼
Cash at bank and in hand54/58€212k€91k▼
Equity and liabilities
Total equity and liabilities10/49€8.36M€7.36M▼
Equity10/15€5.06M€5.05M▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Revaluation surpluses12€1.00M€1.00M=
Profit (loss) carried forward14€4.04M€4.03M▼
Amounts payable17/49€3.29M€2.31M▼
Amounts payable after more than one year17€410k€378k▼
Financial debts170/4€410k€378k▼
Amounts payable within one year42/48€2.88M€1.93M▼
Current portion of amounts payable after more than one year42€32k€33k▲
Trade debts44€2k€18k▲
Suppliers440/4€2k€18k▲
Taxes, remuneration and social security45€21k€8k▼
Taxes450/3€21k€8k▼
Other amounts payable47/48€2.83M€1.87M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€103k
Other operating charges640/8€8k€8k▲
Gross operating margin9900€87k€122k▲
Operating profit (loss)9901€65k€-2k▼
Financial income75/76B€3.12M-
Recurring financial income75€28-
Non-recurring financial income76B€3.12M-
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€3.18M€-10k▼
Income taxes67/77€17k€627▼
Profit (loss) for the period9904€3.16M€-11k▼
Profit (loss) for the period to be appropriated9905€3.16M€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.04M€4.03M▼
Profit (loss) brought forward from the previous period14P€883k€4.04M▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Highest result since 2018net €3.16M ▲252%
Operating result €65k, net result €3.16M, both a record.
31-12
Financial
Liquidity times 12current ratio 1.41
Current ratio from 0.12 to 1.41; short-term debt falls from €3.58M to €2.88M.
31-12
Financial
Equity above €5MEq €5.06M ▲74.3%
3 profitable years in a row build equity to €5.06M.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after 4 loss-making years.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
31-12
Financial
Equity above €2MEq €2.33M ▲76530%
Equity rises from €3k to €2.33M.
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-01-2026
TREEKIDS: Resigned as Director
28-11-2018
BUSINESS MEDICAL CENTER: Resigned as Manager
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2014
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.
Sint-Michielslaan 1231040 EtterbeekGround area
572 m²
Building footprint
387 m²
Volume, LiDAR
5,486 m³
2 parcels, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Annadreef 66A, 1020 Brussel
since 20142.234.648.584
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0294/00E005 | Brussels | 360 m² | 1 · 206 m² | 21.3 m · 6 fl. |
| 21816C0192/00M007 | Brussels | 212 m² | 1 · 182 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 1,507 companies in sector 66199 we hold annual accounts for 917. 282 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2014
Fiscal year end31-12
Activities, NACEBEL
66199Other activities auxiliary to financial services, excluding insurance and pension funding
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
80010Investigation and private security services
80100Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.