TREEBIKE
Open bankruptcyA bankruptcy procedure is open for TREEBIKE according to publications in the Belgian State Gazette; curator: WIM HEETHEM. The 2024 annual accounts show negative equity (€-16k) and a net result of €34k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 07-03-2025, 35 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
35 d late
2023
on the day
2021
9 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-16k▲ 96.5%
2023 · €-449k
2021: €-9k
2023: €-449k
2021 → 2024
Total assets
€616k▲ 346%
2023 · €138k
2021: €168k
2023: €138k
2021 → 2024
Net result
€34k
2023 · €-378k
2021: €-69k
2023: €-378k
2021 → 2024
Working capital
€9k
2023 · €-433k
2021: €71k
2023: €-433k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120232024Trend
Equity€-9k-€-449k▼ 4,661%€-16k▲ 96.5%
Operating result€-74k-€-261k▼ 255%€36k
Net result€-69k-€-378k▼ 445%€34k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €36k after a loss of €261k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €616k
Fixed assets
€6k▼ 53.5%
Current assets
€610k▲ 385%
Key figures and ratios
EBITDA
€42k▲
2023 · €-256k
Cash flow
€41k▲
2023 · €-373k
Solvency
-2.5%▲
2023 · -325.3%
Current ratio
1.01▲
2023 · 0.23
Quick ratio
0.64▲
2023 · 0.08
Debt / equity
-40.64▼
2023 · -1.31
ROA
5.6%▲
2023 · -273.9%
Interest coverage
30.30▲
2023 · -11.25
Debt
€632k▲
2023 · €587k
Debt ≤ 1 year
€601k▲
2023 · €559k
Debt > 1 year
€1k
Staff costs
€27k▲
2023 · €18k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€138k€616k▲
Fixed assets21/28€12k€6k▼
Intangible fixed assets21€8k€3k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€781€637▼
Financial fixed assets28€39€39=
Current assets29/58€126k€610k▲
Stocks and contracts in progress3€78k€225k▲
Stocks30/36€78k€225k▲
Amounts receivable within one year40/41€46k€247k▲
Trade receivables40€35k€246k▲
Other amounts receivable41€12k€520▼
Cash at bank and in hand54/58€1k€138k▲
Deferred charges and accrued income490/1-€137
Equity and liabilities
Total equity and liabilities10/49€138k€616k▲
Equity10/15€-449k€-16k▲
Contributions10/11€141k€540k▲
Profit (loss) carried forward14€-590k€-556k▲
Amounts payable17/49€587k€632k▲
Amounts payable after more than one year17-€1k
Other amounts payable178/9-€1k
Amounts payable within one year42/48€559k€601k▲
Trade debts44€129k€240k▲
Suppliers440/4€129k€240k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3-€4k
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€427k€352k▼
Accrued charges and deferred income492/3€28k€29k▲
Income statement
Code20232024
Non-recurring operating income76A€11k€0▼
Remuneration, social security and pensions62€18k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€15k€10k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€-224k€79k▲
Operating profit (loss)9901€-261k€36k▲
Financial income75/76B€5k€51▼
Recurring financial income75€5k€51▼
Financial charges65/66B€122k€1k▼
Recurring financial charges65€23k€1k▼
Non-recurring financial charges66B€99k-
Profit (loss) for the period before taxes9903€-378k€34k▲
Profit (loss) for the period9904€-378k€34k▲
Profit (loss) for the period to be appropriated9905€-378k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-590k€-556k▲
Profit (loss) brought forward from the previous period14P€-211k€-590k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TREEBIKE BV PAAPSEM- STRAAT 121, 1070 ANDERLECHT · event 09-06-2026
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
30-06
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
30-06
Financial
Liquidity times 5current ratio 1.01
Current ratio from 0.23 to 1.01.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-378k
Net result drops to €-378k, the lowest in the series.
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Anderlecht · 1 establishment unit since 2020
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.
Paapsemstraat 121-1251070 AnderlechtGround area
2,640 m²
Building footprint
1,844 m²
Volume, LiDAR
48,024 m³
2 parcels, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
TREEBIKE
since 20202.301.192.762
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
| 21306D0279/00E002 | Brussels | 1,066 m² | 1 · 265 m² | 6.6 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM HEETHEM LOUIZALAAN 523 (7DE VERD),
1050 BRUSSEL 5 |
09-06-2026 → present |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 207 companies in sector 46495 we hold annual accounts for 108.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2020
Fiscal year end30-06
Activities, NACEBEL
46495Wholesale trade
47632Retail sale of bicycles
47785Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.treebike.eu
E-mail:jek@treebike.eu