Treehatch
ActiveSummary
Treehatch has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,062 and a net result of -€2,229. Equity has been shrinking by about 9.8% per year since 2023. Its solvency ranks better than 32% of 21,166 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-07-2022 Normal situation
- Activity
- Computer programming NACE 62100and 4 others
- Establishment unit
- 2.334.938.567 2431 Laakdal, since 14-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-08-2022
Board and ownership
- VANAELTEN RoelChair
- DIVTEQDaily manager · permanent representative BERGS Roel
- VANDER VELPEN Kristiaan JulesDaily manager
- DIVTEQ18.86%· score 952025 annual accounts of DIVTEQ
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €31,497
- ▲ 13×
- Turnover
- ≈ €100,000
- estimated
- Loss
- €2,229
- ▼ 79.9%
- Equity
- €58,062
- ▼ 3.7%
- Total assets
- €156,827
- ▲ 18.0%
Score breakdownlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 3.14, cash €78,860Size: total assets €156,827Figures for financial year 2025 (filed on 29-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 33% of them on solvency, 84% on liquidity, 26% on profitability and 36% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 4 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a profit of €2,625, after a loss of €9,091 in 2024. It is the highest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,995 | - | - |
| Intangible fixed assets | - | €63,864 | €40,714 |
| Depreciation and write-downs of the year | €539 | €11,043 | €28,473 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 6 entries · €187,732 awarded · €162,732 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €3,732 | €3,732 |
| 2024 | 2 | €9,000 | €34,000 |
| 2023 | 2 | €175,000 | €125,000 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €539 | €11,043 | €28,473 | ▲ 158% |
| Other operating charges640/8 | €991 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€14,888 | €2,340 | €31,497 | ▲ 13× |
| Operating profit (loss)9901 | -€16,417 | -€9,091 | €2,625 | - |
| Financial income75/76B | €2 | €231 | €137 | ▼ 40.7% |
| Recurring financial income75 | €2 | €231 | €137 | ▼ 40.7% |
| Financial charges65/66B | €715 | €2,219 | €4,991 | ▲ 125% |
| Recurring financial charges65 | €715 | €2,219 | €4,991 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | -€17,130 | -€11,079 | -€2,229 | ▲ 79.9% |
| Profit (loss) for the period9904 | -€17,130 | -€11,079 | -€2,229 | ▲ 79.9% |
| Profit (loss) for the period to be appropriated9905 | -€17,130 | -€11,079 | -€2,229 | ▲ 79.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €192,208 | €132,948 | €156,827 | ▲ 18.0% |
| Fixed assets21/28 | €1,456 | €54,277 | €66,519 | ▲ 22.6% |
| Intangible fixed assets21 | - | €53,220 | €65,860 | ▲ 23.8% |
| Tangible fixed assets22/27 | €1,456 | €1,057 | €658 | ▼ 37.7% |
| Plant, machinery and equipment23 | €1,456 | €1,057 | €658 | ▼ 37.7% |
| Current assets29/58 | €190,752 | €78,670 | €90,308 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €4,120 | €9,422 | €7,532 | ▼ 20.1% |
| Trade receivables40 | €1,180 | €3,014 | €4,601 | ▲ 52.7% |
| Other amounts receivable41 | €2,941 | €6,409 | €2,930 | ▼ 54.3% |
| Cash at bank and in hand54/58 | €170,636 | €69,248 | €78,860 | ▲ 13.9% |
| Deferred charges and accrued income490/1 | €15,995 | - | €3,917 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €192,208 | €132,948 | €156,827 | ▲ 18.0% |
| Equity10/15 | €71,370 | €60,291 | €58,062 | ▼ 3.7% |
| Contributions10/11 | €88,500 | €88,500 | €88,500 | = |
| Profit (loss) carried forward14 | -€17,130 | -€28,209 | -€30,438 | ▼ 7.9% |
| Amounts payable17/49 | €120,838 | €72,656 | €98,765 | ▲ 35.9% |
| Amounts payable after more than one year17 | - | - | €50,000 | - |
| Financial debts170/4 | - | - | €50,000 | - |
| Amounts payable within one year42/48 | €24,838 | €35,335 | €28,782 | ▼ 18.5% |
| Trade debts44 | €9,827 | €20,324 | €13,771 | ▼ 32.2% |
| Suppliers440/4 | €9,827 | €20,324 | €13,771 | ▼ 32.2% |
| Other amounts payable47/48 | €15,011 | €15,011 | €15,011 | = |
| Accrued charges and deferred income492/3 | €96,000 | €37,321 | €19,983 | ▼ 46.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,130 | -€11,079 | -€2,229 | ▲ 79.9% |
| + Depreciation and write-downs630 | €539 | €11,043 | €28,473 | ▲ 158% |
| Operating cash flow (approximation) | -€16,591 | -€36 | €26,244 | - |
| Investment in fixed assets (approximation) | - | -€63,864 | -€40,714 | ▲ 36.2% |
| Change in cash | - | -€101,388 | €9,612 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as Treehatch has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Treehatch itself is lower: < 0.1% within 12 months. It rests on far more data about Treehatch than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 2,145 companies, not a prediction for Treehatch. 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.
Board & ownership
Directors
Board 3
Day-to-day management 3
Permanent representatives 1
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts DIVTEQ 2025Equity €30,494 Profit of €20,095 in 2025 (profit of €32,005 in 2024) Checked score 9518.86%
Capital transactions
- VANAELTEN Roel founder
- VANDER VELPEN founder
- DIVTEQ (BE 0628.639.776) founder
- PK IMPACT (BE 0751.806.616) founder
- 04-12-2023 Capital increase of €73,500 · to €88,500
- 18-07-2022 Incorporation · €15,000 · 1,500,000 shares
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| DIVTEQ |
|
| VANAELTEN Roel |
|
| VANDER VELPEN Kristiaan Jules |
|
| PK Impact |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At most 4 directors
Articles of association, deed of 18-07-2022 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
3 current directorsThe network starts from the directors of Treehatch. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
04-06
Gazette deed
Resignation: PK Impact (day-to-day manager)Permanent representative: HEYNS Pieter3 points ▸
- General meeting, 19-05-2026
- Director resignation, PK Impact (day-to-day manager)
- Permanent representative, HEYNS Pieter
04-12
Gazette deed
Capital increase of €73,500 to €88,500Capital from €15,000 to €88,500 · 525,000 shares4 points ▸
- Capital increase, €73,500
- Capital, €88,500, 2,025,000 shares
- Amendment of the articles, article 5
- Power of attorney, Jef VAN ERMENGEM
- The deed holds 5 more points.
18-07
Gazette deed
IncorporationFounding capital of €15,000, 1,500,000 shares · Founders: DIVTEQ, PK IMPACT, VANAELTEN Roel and 1 other · Appointments: VANAELTEN Roel, VANDER VELPEN Kristiaan Jules and 2 others12 points ▸
- Registered office clause, Vossenberg 72, 2431 Veerle
- Director appointment, VANAELTEN Roel (director (not named in the articles))
- Director appointment, VANDER VELPEN Kristiaan Jules (director (not named in the articles))
- Director appointment, DIVTEQ (director (not named in the articles))
- Director appointment, PK IMPACT (director (not named in the articles))
- Permanent representative, BERGS Roel
- Permanent representative, HEYNS Pieter
- Director appointment, VANAELTEN Roel (chair of the board)
- Director appointment, VANAELTEN Roel (day-to-day manager)
- Director appointment, VANDER VELPEN Kristiaan Jules (day-to-day manager)
- Director appointment, DIVTEQ (day-to-day manager)
- Director appointment, PK IMPACT (day-to-day manager)
- The deed holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
18 activities
- De data- en mediacapturing,-opslag,-ontsluiting,-verwerking,-verrijking,-onderzoek,-verkoop,-verhuur en andere vormen van exploitatie van de gegenereerde data en media(zoals bijvoorbeeld maar niet gelimiteerd tot gamification)met betrekking tot flora,fauna,erfgoed,landschapselementen en natuurlijke ecosystemen
- Het ontwerpen en programmeren van computerprogramma's,computerconsultancy-activiteiten en aanverwante activiteiten
- Dienstverlenende activiteiten op het gebied van informatie
- Consultant- en managementactiviteiten
- Adviesbureau op het gebied van bedrijfsbeheer en bedrijfsvoering
- De teelt van gewassen en diensten in verband met deze activiteiten
- Exploitatie van bossen en ondersteunende diensten in verband met bosbouw
- Het uitvoeren van technische testen en toetsen
- Speur- en ontwikkelingswerk op wetenschappelijk gebied
- Reclamewezen en marktonderzoek
- Overige gespecialiseerde wetenschappelijke en technische activiteiten
- Diensten in verband met landschapsverzorging
- Onderwijsondersteunende activiteiten
- Creatieve activiteiten,kunst en amusement
- Sport,ontspanning en recreatie
- Het beheer van het eigen patrimonium
- Organisatie,bijstand en assistentie in het organiseren van evenementen
- Het geven van opleiding en organisatie van seminaries,voordrachten en infosessies
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13042B0423/00G000 | Flanders | 4,349 m² | 1 · 149 m² | 11.5 m · 3 |