TreeCom
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €230,000 and €320,000.
Balance sheet
balance sheet total €356,176 on 31-12-2025in euro
in euro
Position in the sector
83.3%
Higher than 79% of 21,205 companies in 2025.
5.66
Higher than 78% of 20,568 companies in 2025.
33.0%
Higher than 71% of 20,743 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
356,176 | 269,819 | 301,351 | 362,264 | 372,422 | 352,582 | 185,108 | 68,557 | |
20 |
- | - | - | - | - | - | - | 0 | |
21/28 |
19,175 | 13,704 | 8,336 | 7,746 | 3,804 | 6,129 | 5,554 | 3,309 | |
21 |
- | - | - | - | - | - | - | 0 | |
22/27 |
19,175 | 13,704 | 8,336 | 7,746 | 3,804 | 6,129 | 5,554 | 3,309 | |
22 |
- | - | 0 | 312 | 1,061 | 1,811 | 2,560 | 3,309 | |
23 |
1,660 | 2,897 | 3,071 | 5,370 | - | - | - | 0 | |
24 |
8,786 | 484 | 691 | 2,064 | 2,742 | 4,318 | 2,994 | 0 | |
26 |
8,728 | 10,323 | 4,575 | - | - | - | - | 0 | |
27 |
- | - | - | - | - | - | - | 0 | |
28 |
- | - | - | - | - | - | - | 0 | |
29/58 |
337,001 | 256,115 | 293,015 | 354,519 | 368,618 | 346,453 | 179,554 | 65,248 | |
29 |
- | - | - | - | - | - | - | 0 | |
290 |
- | - | - | - | - | - | - | 0 | |
291 |
- | - | - | - | - | - | - | 0 | |
3 |
- | - | - | - | - | - | - | 0 | |
30/36 |
- | - | - | - | - | - | - | 0 | |
37 |
- | - | - | - | - | - | - | 0 | |
40/41 |
31,676 | 34,966 | 31,217 | 38,803 | 25,737 | 25,833 | 31,404 | 28,138 | |
40 |
27,911 | 29,466 | 31,217 | 38,803 | 25,737 | 25,833 | 31,377 | 28,138 | |
41 |
3,765 | 5,500 | - | - | - | 0 | 27 | 0 | |
50/53 |
221,588 | 120,000 | 90,000 | - | - | - | - | 0 | |
54/58 |
83,331 | 99,179 | 163,662 | 301,452 | 342,882 | 320,620 | 147,133 | 37,110 | |
490/1 |
407 | 1,970 | 8,136 | 14,264 | - | 0 | 1,017 | 0 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
356,176 | 269,819 | 301,351 | 362,264 | 372,422 | 352,582 | 185,108 | 68,557 | |
10/15 |
296,614 | 229,093 | 257,567 | 201,988 | 289,228 | 246,770 | 127,643 | 33,388 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | 6,200 | |
11 |
- | - | - | - | - | - | - | 0 | |
1100/10 |
- | - | - | - | - | - | - | 0 | |
12 |
- | - | - | - | - | - | - | 0 | |
13 |
275,360 | 208,360 | 237,360 | 181,860 | 269,360 | 227,360 | 108,360 | 20,988 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | 0 | |
130 |
- | - | - | - | - | - | 1,860 | 1,488 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | |
1319 |
- | - | - | - | - | - | - | 0 | |
132 |
- | - | - | - | - | - | - | 0 | |
133 |
273,500 | 206,500 | 235,500 | 180,000 | 267,500 | 225,500 | 106,500 | 19,500 | |
14 |
2,654 | 2,133 | 1,607 | 1,528 | 1,268 | 810 | 683 | 0 | |
15 |
- | - | - | - | - | - | - | 0 | |
19 |
- | - | - | - | - | - | - | 0 | |
16 |
- | - | - | - | - | - | - | 0 | |
160/5 |
- | - | - | - | - | - | - | 0 | |
160 |
- | - | - | - | - | - | - | 0 | |
161 |
- | - | - | - | - | - | - | 0 | |
162 |
- | - | - | - | - | - | - | 0 | |
163 |
- | - | - | - | - | - | - | 0 | |
164/5 |
- | - | - | - | - | - | - | 0 | |
168 |
- | - | - | - | - | - | - | 0 | |
17/49 |
59,562 | 40,726 | 43,785 | 160,277 | 83,194 | 105,812 | 57,465 | 35,169 | |
17 |
- | - | - | - | - | - | - | 0 | |
170/4 |
- | - | - | - | - | - | - | 0 | |
175 |
- | - | - | - | - | - | - | 0 | |
176 |
- | - | - | - | - | - | - | 0 | |
178/9 |
- | - | - | - | - | - | - | 0 | |
42/48 |
59,562 | 40,726 | 43,785 | 160,277 | 83,194 | 105,812 | 57,465 | 35,169 | |
42 |
- | - | - | - | - | - | - | 0 | |
43 |
- | - | - | - | - | - | - | 0 | |
430/8 |
- | - | - | - | - | - | - | 0 | |
439 |
- | - | - | - | - | - | - | 0 | |
44 |
777 | 4,747 | 2,890 | 12,574 | 1,718 | 1,094 | 1,105 | 1,346 | |
440/4 |
777 | 4,747 | 2,890 | 12,574 | 1,718 | 1,094 | 1,105 | 1,346 | |
441 |
- | - | - | - | - | - | - | 0 | |
46 |
- | - | - | - | - | - | - | 0 | |
45 |
32,296 | 31,004 | 24,014 | 39,715 | 68,615 | 90,783 | 51,199 | 25,383 | |
450/3 |
32,296 | 31,004 | 24,014 | 39,715 | 68,615 | 90,783 | 51,199 | 25,383 | |
454/9 |
- | - | - | - | - | - | - | 0 | |
47/48 |
26,490 | 4,974 | 16,880 | 107,988 | 12,861 | 13,935 | 5,161 | 8,440 | |
492/3 |
- | - | - | - | - | - | - | 0 | |
| Income statement | |||||||||
76A |
- | - | - | - | - | - | - | 0 | |
9900 |
165,288 | 175,875 | 172,584 | 101,421 | 61,589 | 159,587 | 133,346 | 30,323 | |
62 |
- | - | - | - | - | - | - | 0 | |
630 |
5,621 | 2,611 | 2,922 | 3,272 | 2,325 | 1,907 | 1,498 | 437 | |
631/4 |
- | - | - | - | - | - | - | 0 | |
635/8 |
- | - | - | - | - | - | - | 0 | |
640/8 |
894 | 771 | 708 | 1,848 | 1,493 | 1,176 | 1,322 | 0 | |
649 |
- | - | - | - | - | - | - | 0 | |
66A |
- | - | - | - | - | - | - | 0 | |
9901 |
158,773 | 172,494 | 168,954 | 96,301 | 57,771 | 156,504 | 130,526 | 29,886 | |
75/76B |
2,893 | 14 | 10 | 9 | - | - | - | 0 | |
75 |
2,893 | 14 | 10 | 9 | - | - | - | 0 | |
76B |
- | - | - | - | - | - | - | 0 | |
65/66B |
471 | 1,057 | 1,385 | 3,012 | 1,889 | 1,705 | 1,734 | 38 | |
65 |
471 | 1,057 | 1,385 | 3,012 | 1,889 | 1,705 | 1,734 | 38 | |
66B |
- | - | - | - | - | - | - | 0 | |
9903 |
161,195 | 171,452 | 167,579 | 93,298 | 55,882 | 154,798 | 128,792 | 29,848 | |
67/77 |
43,675 | 51,425 | 38,500 | 20,538 | 13,424 | 35,672 | 39,113 | 8,861 | |
9904 |
117,521 | 120,027 | 129,079 | 72,760 | 42,458 | 119,127 | 89,679 | 20,988 | |
789 |
- | - | - | - | - | - | - | 0 | |
689 |
- | - | - | - | - | - | - | 0 | |
9905 |
117,521 | 120,027 | 129,079 | 72,760 | 42,458 | 119,127 | 89,679 | 20,988 | |
| Appropriation of the result | |||||||||
9906 |
119,654 | 121,633 | 130,607 | 74,028 | 43,268 | 119,810 | 89,679 | 20,988 | |
14P |
2,133 | 1,607 | 1,528 | 1,268 | 810 | - | - | - | |
791/2 |
0 | 148,500 | 73,500 | 160,000 | - | - | - | 0 | |
691/2 |
67,000 | 119,500 | 129,000 | 72,500 | 42,000 | 119,000 | 87,372 | 20,988 | |
691 |
- | - | - | - | - | - | - | 0 | |
6920 |
- | - | - | - | - | 0 | 372 | 1,488 | |
6921 |
67,000 | 119,500 | 129,000 | 72,500 | 42,000 | 119,000 | 87,000 | 19,500 | |
694/7 |
50,000 | 148,500 | 73,500 | 160,000 | - | 0 | 1,624 | 0 | |
694 |
50,000 | 148,500 | 73,500 | 160,000 | - | 0 | 1,624 | 0 | |
695 |
- | - | - | - | - | - | - | 0 | |
696 |
- | - | - | - | - | - | - | 0 | |
| Document | |||||||||
The notes to these accounts have 6 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.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00188790 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00239781 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00279156 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00163371 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20078305 | |
| 31-12-2020 | micro format | 10-05-2021 | 2021-13700508 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18400264 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-20800129 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 164,394 | 175,105 | 171,876 | 99,573 | 60,096 | 158,410 | 132,024 | 30,323 | ||
| 123,141 | 122,637 | 132,001 | 76,032 | 44,783 | 121,034 | 91,177 | 21,425 | ||
| 11,091 | 7,979 | 3,512 | 7,214 | 0 | 2,481 | 3,743 | 3,746 | ||
| -15,848 | -64,484 | -137,790 | -41,430 | 22,262 | 173,487 | 110,023 | - | ||
| 277,439 | 215,389 | 249,230 | 194,242 | 285,424 | 240,641 | 122,089 | 30,079 | ||
| 83.3% | 84.9% | 85.5% | 55.8% | 77.7% | 70.0% | 69.0% | 48.7% | ||
| 5.66 | 6.29 | 6.69 | 2.21 | 4.43 | 3.27 | 3.12 | 1.86 | ||
| 0.20 | 0.18 | 0.17 | 0.79 | 0.29 | 0.43 | 0.45 | 1.05 | ||
| 39.6% | 52.4% | 50.1% | 36.0% | 14.7% | 48.3% | 70.3% | 62.9% | ||
| 33.0% | 44.5% | 42.8% | 20.1% | 11.4% | 33.8% | 48.4% | 30.6% | ||
| over 100 | over 100 | over 100 | 33.06 | 31.81 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,091 | €7,979 | €3,512 | €7,214 | - |
| €5,621 | €2,611 | €2,922 | €3,272 | €2,325 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TreeCom
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 15.1% to 16.7%. Equity and debt are higher.