TREECON
ActiveSummary
TREECON has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,425 and a net result of €13,141. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 81% of 39,137 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€76,425▲ 20.8%
2024 · €63,284
Total assets
€92,315▲ 4.2%
2024 · €88,631
Net result
€13,141
2024 · -€14,492
Working capital
-€1,933▲ 87.2%
2024 · -€15,074
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €19,823 after a loss of €13,591 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€19,823
2025
Net result€13,141
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€92,315
2025
Equity€76,425
2025
Debt€15,890
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1,933
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency82.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.88
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,482-€2,150€9,390▲ 337%€3,594▼ 61.7%€513▼ 85.7%€2,073▲ 304%-€13,591€19,823
Net result-€6,407-€281€5,532within the sector's middle half▲ 20×€764below the sector's middle half▼ 86.2%-€1,721below the sector's middle half-€466below the sector's middle half▲ 72.9%-€14,492below the sector's middle half▼ 3,009%€13,141within the sector's middle half
Equity€83,387-€83,668▲ 0.3%€89,199within the sector's middle half▲ 6.6%€79,963within the sector's middle half▼ 10.4%€78,242within the sector's middle half▼ 2.2%€77,776within the sector's middle half▼ 0.6%€63,284within the sector's middle half▼ 18.6%€76,425within the sector's middle half▲ 20.8%
Total assets€92,825-€91,398▼ 1.5%€97,192within the sector's middle half▲ 6.3%€93,573within the sector's middle half▼ 3.7%€85,611within the sector's middle half▼ 8.5%€83,947within the sector's middle half▼ 1.9%€88,631within the sector's middle half▲ 5.6%€92,315within the sector's middle half▲ 4.2%
Debt€9,438-€7,731▼ 18.1%€7,992▲ 3.4%€13,610▲ 70.3%€7,369▼ 45.9%€6,171▼ 16.3%€25,347▲ 311%€15,890▼ 37.3%
Working capital€5,029-€4,641▼ 7.7%€10,507within the sector's middle half▲ 126%€1,605within the sector's middle half▼ 84.7%-€115below the sector's middle half-€582below the sector's middle half▼ 404%-€15,074below the sector's middle half▼ 2,492%-€1,933below the sector's middle half▲ 87.2%
Solvency89.8%-91.5%▲ 1.7pp91.8%above the sector's middle half▲ 0.2pp85.5%above the sector's middle half▼ 6.3pp91.4%above the sector's middle half▲ 5.9pp92.6%above the sector's middle half▲ 1.3pp71.4%within the sector's middle half▼ 21.2pp82.8%above the sector's middle half▲ 11.4pp
Current ratio1.53-1.60▲ 0.072.31within the sector's middle half▲ 0.711.12within the sector's middle half▼ 1.200.98below the sector's middle half▼ 0.130.91below the sector's middle half▼ 0.080.41below the sector's middle half▼ 0.500.88below the sector's middle half▲ 0.47
Return on assets (ROA)-6.9%-0.3%▲ 7.2pp5.7%within the sector's middle half▲ 5.4pp0.8%below the sector's middle half▼ 4.9pp-2.0%below the sector's middle half▼ 2.8pp-0.6%below the sector's middle half▲ 1.5pp-16.4%below the sector's middle half▼ 15.8pp14.2%within the sector's middle half▲ 30.6pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,315
Fixed assets
€78,358 =
Current assets
€13,957 ▲ 35.9%
Equity and liabilities €92,315
Equity
€76,425 ▲ 20.8%
Debt
€15,890 ▼ 37.3%
Debt's share of the balance-sheet total falls from 28.6% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.21▼
2024 · 0.40
ROE
17.2%▲
2024 · -22.9%
Debt ≤ 1 year
€15,890▼
2024 · €25,347
Income taxes
€6,184▲
2024 · €196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,211 | €334 | €334 | €334 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,193 | €1,175 | €1,300 | €1,611 | €1,644 | ▲ 2.0% |
| Gross operating margin9900 | €3,928 | €3,668 | €10,642 | €5,122 | €1,688 | €3,373 | -€11,980 | €21,467 | - |
| Operating profit (loss)9901 | -€5,482 | €2,150 | €9,390 | €3,594 | €513 | €2,073 | -€13,591 | €19,823 | - |
| Financial income75/76B | - | - | - | €0 | - | - | - | €0 | - |
| Recurring financial income75 | €498 | €339 | €314 | €0 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €349 | €349 | €420 | €704 | €498 | ▼ 29.3% |
| Recurring financial charges65 | €1,117 | €408 | €442 | €349 | €349 | €420 | €704 | €498 | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | -€6,101 | €2,081 | €9,263 | €3,245 | €164 | €1,653 | -€14,296 | €19,325 | - |
| Income taxes67/77 | €306 | €1,800 | €3,731 | €2,481 | €1,884 | €2,119 | €196 | €6,184 | ▲ 31× |
| Profit (loss) for the period9904 | -€6,407 | €281 | €5,532 | €764 | -€1,721 | -€466 | -€14,492 | €13,141 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,407 | €281 | €5,532 | €764 | -€1,721 | -€466 | -€14,492 | €13,141 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €92,825 | €91,398 | €97,192 | €93,573 | €85,611 | €83,947 | €88,631 | €92,315 | ▲ 4.2% |
| Fixed assets21/28 | €78,358 | €79,027 | €78,692 | €78,358 | €78,358 | €78,358 | €78,358 | €78,358 | = |
| Tangible fixed assets22/27 | €8,364 | €9,033 | €8,699 | €8,364 | €8,364 | €8,364 | €8,364 | €8,364 | = |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €8,364 | €8,364 | €8,364 | €8,364 | €8,364 | = |
| Financial fixed assets28 | €69,993 | €69,993 | €69,993 | €69,993 | €69,993 | €69,993 | €69,993 | €69,993 | = |
| Current assets29/58 | €14,468 | €12,372 | €18,500 | €15,216 | €7,253 | €5,590 | €10,273 | €13,957 | ▲ 35.9% |
| Amounts receivable within one year40/41 | €11,181 | €11,808 | €13,342 | €12,642 | €3,842 | €4,729 | €7,777 | €3,378 | ▼ 56.6% |
| Trade receivables40 | - | - | - | €12,642 | €3,641 | €3,812 | €7,777 | €3,378 | ▼ 56.6% |
| Other amounts receivable41 | - | - | - | €0 | €201 | €918 | €0 | - | - |
| Cash at bank and in hand54/58 | €3,140 | - | €3,080 | €485 | €1,203 | €0 | - | €8,796 | - |
| Deferred charges and accrued income490/1 | - | - | - | €2,089 | €2,209 | €860 | €2,496 | €1,783 | ▼ 28.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €92,825 | €91,398 | €97,192 | €93,573 | €85,611 | €83,947 | €88,631 | €92,315 | ▲ 4.2% |
| Equity10/15 | €83,387 | €83,668 | €89,199 | €79,963 | €78,242 | €77,776 | €63,284 | €76,425 | ▲ 20.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €81,947 | €81,947 | €82,999 | €73,763 | €73,763 | €73,763 | €73,763 | €71,908 | ▼ 2.5% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €71,908 | €71,908 | €71,908 | €71,908 | €71,908 | = |
| Profit (loss) carried forward14 | -€4,760 | -€4,479 | €0 | €0 | -€1,721 | -€2,187 | -€16,679 | -€1,683 | ▲ 89.9% |
| Amounts payable17/49 | €9,438 | €7,731 | €7,992 | €13,610 | €7,369 | €6,171 | €25,347 | €15,890 | ▼ 37.3% |
| Amounts payable within one year42/48 | €9,438 | €7,731 | €7,992 | €13,610 | €7,369 | €6,171 | €25,347 | €15,890 | ▼ 37.3% |
| Financial debts43 | - | - | - | - | - | €161 | €1,753 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €161 | €1,753 | €0 | ▼ 100% |
| Trade debts44 | €294 | €345 | €61 | €759 | €2,294 | €408 | €8,640 | €1,536 | ▼ 82.2% |
| Suppliers440/4 | - | - | - | €759 | €2,294 | €408 | €8,640 | €1,536 | ▼ 82.2% |
| Taxes, remuneration and social security45 | - | - | - | €8,023 | €5,075 | €5,602 | €3,242 | €8,899 | ▲ 175% |
| Taxes450/3 | - | - | - | €8,023 | €5,075 | €5,602 | €3,242 | €8,899 | ▲ 175% |
| Other amounts payable47/48 | - | - | - | €4,828 | €0 | - | €11,712 | €5,455 | ▼ 53.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,407 | €281 | €5,532 | €764 | -€1,721 | -€466 | -€14,492 | €13,141 | - |
| + Depreciation and write-downs630 | €8,211 | €334 | €334 | €334 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €1,804 | €615 | €5,866 | €1,098 | -€1,721 | -€466 | -€14,492 | €13,141 | - |
| Investment in fixed assets (approximation) | - | -€1,003 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€2,595 | €718 | -€1,203 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00357674 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00414040 |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00245788 |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00246410 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20378694 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60300069 |
| 31-12-2019 | micro format | 23-10-2020 | 2020-62700494 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63100369 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59500483 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54000145 |
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Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,254. 41,232 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.