TREEDY’S
ActiveSummary
TREEDY’S has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €285,067 and a net result of -€248,779. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency82▲+82
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.26 in 2023; short-term debt: 40.2% and cash: 4.3% of total assets), and 43% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57%
Return on assets
-49.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
85 d late
2023
196 d late
2022
60 d late
2021
247 d late
2020
366 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 169 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€248,779▲ 30.8%
2023 · -€359,307
Working capital
-€161,072▲ 3.5%
2023 · -€166,938
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€417,166▼ 55.8%-€388,664▲ 6.8%-€500,705▼ 28.8%-€382,656▲ 23.6%-€307,516▲ 19.6%
Net result-€431,366below the sector's middle half▼ 65.2%-€403,260below the sector's middle half▲ 6.5%-€501,293below the sector's middle half▼ 24.3%-€359,307below the sector's middle half▲ 28.3%-€248,779below the sector's middle half▲ 30.8%
Equity-€377,394below the sector's middle half€421,475within the sector's middle half€156,618within the sector's middle half▼ 62.8%-€255,502below the sector's middle half€285,067above the sector's middle half
Total assets€502,890within the sector's middle half▼ 44.0%€638,942within the sector's middle half▲ 27.1%€532,467within the sector's middle half▼ 16.7%€497,598within the sector's middle half▼ 6.5%€500,289above the sector's middle half▲ 0.5%
Debt€866,407▲ 0.4%€203,591▼ 76.5%€361,973▲ 77.8%€724,441▲ 100%€201,068▼ 72.2%
Working capital-€122,640below the sector's middle half-€122,518below the sector's middle half▲ 0.1%-€311,598below the sector's middle half▼ 154%-€166,938below the sector's middle half▲ 46.4%-€161,072below the sector's middle half▲ 3.5%
Solvency-75.0%below the sector's middle half▼ 78.1pp66.0%within the sector's middle half▲ 141.0pp29.4%within the sector's middle half▼ 36.6pp-51.3%below the sector's middle half▼ 80.8pp57.0%within the sector's middle half▲ 108.3pp
Current ratio0.33below the sector's middle half▼ 1.540.40below the sector's middle half▲ 0.060.11below the sector's middle half▼ 0.290.26below the sector's middle half▲ 0.160.20below the sector's middle half▼ 0.06
Return on assets (ROA)-85.8%below the sector's middle half▼ 56.7pp-63.1%below the sector's middle half▲ 22.7pp-94.1%below the sector's middle half▼ 31.0pp-72.2%below the sector's middle half▲ 21.9pp-49.7%below the sector's middle half▲ 22.5pp
Staff (FTE)1.1below the sector's middle half▼ 31.3%0.9below the sector's middle half▼ 18.2%0.8below the sector's middle half▼ 11.1%1.2below the sector's middle half▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €307,516 in 2024 against €382,656 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €500,289
Fixed assets
€460,294 ▲ 4.9%
Current assets
€39,996 ▼ 32.1%
Equity and liabilities €500,289
Equity
€285,067
Provisions
€14,154
Debt
€201,068
Debt finances 40.2% of the balance-sheet total.
Key figures and ratios
EBITDA
-€258,922▼
2023 · -€169,626
Cash flow
-€200,186▼
2023 · -€146,277
Debt to equity
0.71▲
2023 · -2.84
ROE
-87.3%
Interest coverage
-62.58▼
2023 · -11.55
Debt ≤ 1 year
€201,068▼
2023 · €225,850
Staff costs
€68,569▲
2023 · €51,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 376 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
7.2%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 376 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,428 | €31,952 | €27,675 | €51,286 | €68,569 | ▲ 33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €133,138 | €176,603 | €198,692 | €213,030 | €48,593 | ▼ 77.2% |
| Other operating charges640/8 | €2,660 | €3,145 | €999 | €899 | €150 | ▼ 83.3% |
| Gross operating margin9900 | -€268,940 | -€176,963 | -€273,338 | -€117,441 | -€190,204 | ▼ 62.0% |
| Operating profit (loss)9901 | -€417,166 | -€388,664 | -€500,705 | -€382,656 | -€307,516 | ▲ 19.6% |
| Financial income75/76B | €17,404 | €1 | - | €29,432 | €48,368 | ▲ 64.3% |
| Recurring financial income75 | €17,404 | €1 | - | €29,432 | €48,368 | ▲ 64.3% |
| Financial charges65/66B | €35,525 | €14,597 | €589 | €14,680 | €4,137 | ▼ 71.8% |
| Recurring financial charges65 | €35,525 | €14,597 | €589 | €14,680 | €4,137 | ▼ 71.8% |
| Profit (loss) for the period before taxes9903 | -€435,287 | -€403,260 | -€501,293 | -€367,905 | -€263,285 | ▲ 28.4% |
| Transfer from deferred taxes780 | €3,921 | - | - | €8,597 | €14,505 | ▲ 68.7% |
| Profit (loss) for the period9904 | -€431,366 | -€403,260 | -€501,293 | -€359,307 | -€248,779 | ▲ 30.8% |
| Profit (loss) for the period to be appropriated9905 | -€431,366 | -€403,260 | -€501,293 | -€359,307 | -€248,779 | ▲ 30.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €502,890 | €638,942 | €532,467 | €497,598 | €500,289 | ▲ 0.5% |
| Fixed assets21/28 | €442,169 | €558,636 | €495,616 | €438,686 | €460,294 | ▲ 4.9% |
| Intangible fixed assets21 | €391,786 | €511,005 | €461,109 | €416,149 | €436,366 | ▲ 4.9% |
| Tangible fixed assets22/27 | €43,078 | €40,327 | €27,202 | €15,234 | €16,623 | ▲ 9.1% |
| Plant, machinery and equipment23 | €10,307 | €5,154 | €10,256 | €6,391 | €6,391 | = |
| Furniture and vehicles24 | €29,522 | €31,238 | €14,360 | €6,655 | €8,108 | ▲ 21.8% |
| Other tangible fixed assets26 | €3,249 | €3,935 | €2,585 | €2,187 | €2,124 | ▼ 2.9% |
| Financial fixed assets28 | €7,304 | €7,304 | €7,304 | €7,304 | €7,304 | = |
| Current assets29/58 | €60,721 | €80,306 | €36,852 | €58,912 | €39,996 | ▼ 32.1% |
| Amounts receivable within one year40/41 | €54,144 | €29,549 | €34,766 | €44,052 | €18,674 | ▼ 57.6% |
| Trade receivables40 | €12,100 | €15,752 | €12,100 | €12,100 | €12,100 | = |
| Other amounts receivable41 | €42,044 | €13,797 | €22,666 | €31,952 | €6,574 | ▼ 79.4% |
| Cash at bank and in hand54/58 | €6,577 | €50,757 | €2,086 | €14,026 | €21,322 | ▲ 52.0% |
| Deferred charges and accrued income490/1 | - | - | - | €834 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €502,890 | €638,942 | €532,467 | €497,598 | €500,289 | ▲ 0.5% |
| Equity10/15 | -€377,394 | €421,475 | €156,618 | -€255,502 | €285,067 | ▲ 212% |
| Contributions10/11 | €236,422 | €1.4m | €1.6m | €1.6m | €2.4m | ▲ 53.0% |
| Capital10 | €63,118 | €82,416 | €84,340 | €84,340 | €307,987 | ▲ 265% |
| Issued capital100 | €63,118 | €82,416 | €84,340 | €84,340 | €307,987 | ▲ 265% |
| Outside capital11 | €173,304 | €1.3m | €1.5m | €1.5m | €2.1m | ▲ 41.0% |
| Share premium1100/10 | €173,304 | €1.3m | €1.5m | €1.5m | €2.1m | ▲ 41.0% |
| Reserves13 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | = |
| Non-distributable reserves130/1 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | = |
| Legal reserve130 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | = |
| Profit (loss) carried forward14 | -€670,099 | -€1.1m | -€1.6m | -€1.9m | -€2.2m | ▼ 12.9% |
| Investment grants15 | €54,555 | €86,674 | €148,078 | €95,265 | €46,914 | ▼ 50.8% |
| Provisions and deferred taxes16 | €13,876 | €13,876 | €13,876 | €28,660 | €14,154 | ▼ 50.6% |
| Deferred taxes168 | €13,876 | €13,876 | €13,876 | €28,660 | €14,154 | ▼ 50.6% |
| Amounts payable17/49 | €866,407 | €203,591 | €361,973 | €724,441 | €201,068 | ▼ 72.2% |
| Amounts payable after more than one year17 | €670,000 | - | - | €470,564 | - | - |
| Financial debts170/4 | €670,000 | - | - | €470,564 | - | - |
| Amounts payable within one year42/48 | €183,360 | €202,824 | €348,450 | €225,850 | €201,068 | ▼ 11.0% |
| Financial debts43 | - | - | €2,213 | - | - | - |
| Credit institutions430/8 | - | - | €2,213 | - | - | - |
| Trade debts44 | €132,741 | €145,573 | €300,453 | €199,718 | €198,458 | ▼ 0.6% |
| Suppliers440/4 | €132,741 | €145,573 | €300,453 | €199,718 | €198,458 | ▼ 0.6% |
| Taxes, remuneration and social security45 | €6,029 | €12,661 | €1,194 | €6,542 | €2,610 | ▼ 60.1% |
| Taxes450/3 | €5,168 | €6,408 | €1,149 | €542 | - | - |
| Remuneration and social security454/9 | €861 | €6,253 | €45 | €6,000 | €2,610 | ▼ 56.5% |
| Other amounts payable47/48 | €44,590 | €44,590 | €44,590 | €19,590 | - | - |
| Accrued charges and deferred income492/3 | €13,047 | €767 | €13,523 | €28,026 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€431,366 | -€403,260 | -€501,293 | -€359,307 | -€248,779 | ▲ 30.8% |
| + Depreciation and write-downs630 | €133,138 | €176,603 | €198,692 | €213,030 | €48,593 | ▼ 77.2% |
| Operating cash flow (approximation) | -€298,228 | -€226,657 | -€302,601 | -€146,277 | -€200,186 | ▼ 36.9% |
| Investment in fixed assets (approximation) | - | -€293,071 | -€135,672 | -€156,101 | -€70,200 | ▲ 55.0% |
| Change in cash | - | €44,180 | -€48,671 | €11,940 | €7,295 | ▼ 38.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 196 days late
2024
31-12
Financial
Equity above €200,000Eq €285,067
Equity rises from -€255,502 to €285,067.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 247 days late
2022
31-12
Financial
Weakest financial yearnet -€501,293
Net result drops to -€501,293, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 366 days late
2021
31-12
Financial
Equity above €200,000Eq €421,475
Equity rises from -€377,394 to €421,475.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Elsene · 3 establishment units since 2015
Ground area
9,452 m²
Building footprint
2,253 m²
Volume, LiDAR
50,147 m³
3 parcels, Brussels, Wallonia · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
TREEDY'S
since 20152.245.272.559
Rue de la Technique 9, 1400 Nivelles
since 20192.285.913.777
Louizalaan 251, 1050 Elsene
since 20192.285.912.391
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0046/00A002 | Wallonia | 7,358 m² | 1 · 453 m² | - |
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
| 21446D0181/00N006 | Brussels | 520 m² | 1 · 221 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
2.92%
-
1.77%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 980 companies in sector 74209 we hold annual accounts for 143. 84 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
74209Other photographic activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635598339
Registered
23-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.