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Tree-Hive

Active
Private limited companyfounded 2024active for 1 yearNieuwmolen 1, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 1016.490.912

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

Tree-Hive has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €39,344 and a net result of €29,344. Its solvency ranks better than 37% of 117 sector peers (NACE 81, financial year 2026). The computed 12-month bankruptcy probability is 1.0% (low).

Financials · financial year 2026, micro format

Latest annual accounts filed

Annual accounts 2026

View at the NBB
Financial year ended
31-03-2026
Filed on
15-09-2026
Format
micro format
Reference
2026-00512899
Turnover
≈ €160,000
Estimated: probably between €97,000 and €230,000
Total assets
€125,072
Net result
€29,344
Working capital
-€21,872

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €125,072
Fixed assets €61,215
Current assets €63,857
Equity and liabilities €125,072
Equity €39,344
Debt €85,728
Debt's share of the balance-sheet total is 68.5%.
Key figures and ratios
2026 value
EBITDA
€49,334
Cash flow
€39,834
Current ratio
0.74
Debt to equity
2.18
ROE
74.6%
ROA
23.5%
Interest coverage
over 100
Debt ≤ 1 year
€85,728
Income taxes
€9,377
Staff costs
€1,125

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as Tree-Hive has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

The bankruptcy probability of Tree-Hive itself is higher: 1.0% within 12 months. It rests on far more data about Tree-Hive than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 11,279 companies, not a prediction for Tree-Hive. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 · 36 lines

Source: Annual accounts 2026 at the NBB, filed on 15-09-2026.

Balance sheet Code2026
Assets
Total assets20/58€125,072
Fixed assets21/28€61,215
Tangible fixed assets22/27€61,215
Plant, machinery and equipment23€60,905
Furniture and vehicles24€311
Current assets29/58€63,857
Amounts receivable within one year40/41€12,671
Trade receivables40€12,048
Other amounts receivable41€623
Cash at bank and in hand54/58€50,555
Deferred charges and accrued income490/1€631
Equity and liabilities
Total equity and liabilities10/49€125,072
Equity10/15€39,344
Contributions10/11€10,000
Profit (loss) carried forward14€29,344
Amounts payable17/49€85,728
Amounts payable within one year42/48€85,728
Trade debts44€68,131
Suppliers440/4€68,131
Taxes, remuneration and social security45€1,143
Taxes450/3€1,143
Other amounts payable47/48€16,455
Income statement Code2026
Remuneration, social security and pensions62€1,125
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,491
Other operating charges640/8€172
Gross operating margin9900€50,631
Operating profit (loss)9901€38,844
Financial income75/76B€216
Recurring financial income75€216
Financial charges65/66B€339
Recurring financial charges65€339
Profit (loss) for the period before taxes9903€38,721
Income taxes67/77€9,377
Profit (loss) for the period9904€29,344
Profit (loss) for the period to be appropriated9905€29,344
Appropriation of the result
Profit (loss) to be appropriated9906€29,344

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2026
Remuneration, social security and pensions62€1,125
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,491
Other operating charges640/8€172
Gross operating margin9900€50,631
Operating profit (loss)9901€38,844
Financial income75/76B€216
Recurring financial income75€216
Financial charges65/66B€339
Recurring financial charges65€339
Profit (loss) for the period before taxes9903€38,721
Income taxes67/77€9,377
Profit (loss) for the period9904€29,344
Profit (loss) for the period to be appropriated9905€29,344
Line2026
Assets
Total assets20/58€125,072
Fixed assets21/28€61,215
Tangible fixed assets22/27€61,215
Plant, machinery and equipment23€60,905
Furniture and vehicles24€311
Current assets29/58€63,857
Amounts receivable within one year40/41€12,671
Trade receivables40€12,048
Other amounts receivable41€623
Cash at bank and in hand54/58€50,555
Deferred charges and accrued income490/1€631
Equity and liabilities
Total equity and liabilities10/49€125,072
Equity10/15€39,344
Contributions10/11€10,000
Profit (loss) carried forward14€29,344
Amounts payable17/49€85,728
Amounts payable within one year42/48€85,728
Trade debts44€68,131
Suppliers440/4€68,131
Taxes, remuneration and social security45€1,143
Taxes450/3€1,143
Other amounts payable47/48€16,455
Line2026
Profit (loss) for the period9904€29,344
+ Depreciation and write-downs630€10,491
Operating cash flow (approximation)€39,834

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-03-2026 micro format 15-09-2026 2026-00512899 NBB

Comparable companies

These companies have the same main activity as Tree-Hive: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €110,000 and €129,000, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Tree-Hive Tongeren-Borgloon2024€125,072€39,344€50,631€29,3442026
BEE & GARDEN Pont-à-Celles2024€129,417€16,513€49,434€13,0132025
Cap vert design Chastre2024€128,606€40,028€57,327€40,0282025
SWENNEN CREATION Orp-Jauche2024€117,465€7,975€55,832€5,9752025
ARNE SCHOTS TUINONDERHOUD Leuven2024€110,173€18,902€46,166€14,1002025
Les jardins du LOBRA Court-Saint-Etienne2024€121,494€24,366€52,675€11,4952025
Verdonck Dries Gent2025€116,542€30,048€42,363€29,0482025

They were chosen from the 4,477 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.