TREEHOUSE
ActiveSummary
TREEHOUSE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€991,015) and a net result of €955. Equity is shrinking by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
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Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,448 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,003 | €21,003 | €0 | - | - | - |
| Other operating charges640/8 | - | €348 | €348 | €3,647 | €0 | ▼ 100% |
| Gross operating margin9900 | -€7,433 | -€5,201 | -€3,495 | -€4,908 | €1,199 | ▲ 124% |
| Operating profit (loss)9901 | -€28,985 | -€26,552 | -€3,843 | -€8,555 | €1,199 | ▲ 114% |
| Financial income75/76B | - | - | €3,381 | €0 | - | - |
| Recurring financial income75 | - | - | €3,381 | €0 | - | - |
| Non-recurring financial income76B | - | - | €3,381 | €0 | - | - |
| Financial charges65/66B | - | €3,211 | €2,877 | €500 | €104 | ▼ 79.3% |
| Recurring financial charges65 | €3,198 | €3,211 | €1,267 | €500 | €104 | ▼ 79.3% |
| Non-recurring financial charges66B | - | - | €1,610 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€122,832 | -€29,763 | -€3,339 | -€9,054 | €1,095 | ▲ 112% |
| Income taxes67/77 | €133 | €124 | €114 | €114 | €141 | ▲ 23.2% |
| Profit (loss) for the period9904 | -€122,966 | -€29,886 | -€3,453 | -€9,169 | €955 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | -€122,966 | -€29,886 | -€3,453 | -€9,169 | €955 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,243 | €152,115 | €149,847 | €137,047 | €134,254 | ▼ 2.0% |
| Fixed assets21/28 | €22,206 | €1,202 | €1,202 | €1,202 | €1,202 | = |
| Tangible fixed assets22/27 | €21,003 | - | - | - | - | - |
| Financial fixed assets28 | €1,202 | €1,202 | €1,202 | €1,202 | €1,202 | = |
| Current assets29/58 | €240,037 | €150,913 | €148,644 | €135,844 | €133,052 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €131,210 | €132,755 | €136,495 | €133,369 | €130,680 | ▼ 2.0% |
| Trade receivables40 | - | €130,680 | €133,806 | €130,680 | €130,680 | = |
| Other amounts receivable41 | - | €2,075 | €2,689 | €2,689 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €108,517 | €18,158 | €12,149 | €2,475 | €2,372 | ▼ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,243 | €152,115 | €149,847 | €137,047 | €134,254 | ▼ 2.0% |
| Equity10/15 | -€949,461 | -€979,348 | -€982,801 | -€991,970 | -€991,015 | ▲ 0.1% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €21,128 | €21,128 | €21,128 | €21,128 | €21,128 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | €1,859 | €1,859 | = |
| Other1319 | - | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | €19,269 | €19,269 | €19,269 | €19,269 | = |
| Profit (loss) carried forward14 | -€989,181 | -€1.0m | -€1.0m | -€1.0m | -€1.0m | ▲ 0.1% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Amounts payable after more than one year17 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Financial debts170/4 | - | - | €550,000 | €550,000 | €550,000 | = |
| Other amounts payable178/9 | - | €550,000 | - | - | - | - |
| Amounts payable within one year42/48 | €660,841 | €581,026 | €582,400 | €579,016 | €575,269 | ▼ 0.6% |
| Trade debts44 | €2,282 | €2,395 | €4,413 | €1,405 | €3,245 | ▲ 131% |
| Suppliers440/4 | - | €2,395 | €4,413 | €1,405 | €3,245 | ▲ 131% |
| Taxes, remuneration and social security45 | - | €257 | €372 | €2,803 | €255 | ▼ 90.9% |
| Taxes450/3 | - | €257 | €372 | €2,803 | €255 | ▼ 90.9% |
| Other amounts payable47/48 | - | €578,374 | €577,616 | €574,808 | €571,769 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | €437 | €247 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€122,966 | -€29,886 | -€3,453 | -€9,169 | €955 | ▲ 110% |
| + Depreciation and write-downs630 | €21,003 | €21,003 | €0 | - | - | - |
| Operating cash flow (approximation) | -€101,963 | -€8,883 | -€3,453 | -€9,169 | €955 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€90,359 | -€6,009 | -€9,674 | -€104 | ▲ 98.9% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0466/00V000 | Flanders | 3,136 m² | 1 · 289 m² | 18.2 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-06-2022 of TREEHOUSE and those 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.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.