Equity
€157,691 ▲ 6.6%
TREESOLID paid out €40,000 in dividends. That is 80% of the 2025 profit.
TREESOLID
Lifetime
8 annual accounts with figures on one time axispeak €114,771 (2019)
€76,473▲ 30.2%
peak €69,088 (2019)
€49,786▲ 26.5%
peak €157,691 (2025)
€157,691▲ 6.6%
€65,225▼ 1.9%
Board2 names since 2017
1 directorCarolien Van Doninck
Documentsfilings and deeds
19-01-202612 days before the deadline
2025micro format
Gross margin from €58,737 to €76,473Result from €39,371 to €49,786Dividend €40,000Investments €54,477
Key points
from the 2025 annual accountsInvestments
€54,477 5.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 837.2% higher than in 2024.
Filings
8 annual accounts 1 late
The 2019 accounts came 143 days late. The other seven were filed on time.
Checked score
69
Healthy
Financially stronger than 70% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 1.0%▲ +0.1 percentage points vs 12-2024
02-2025: 1.7%▲ +0.7 percentage points vs 01-2025highest value
03-2025: 0.6%▼ -1.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.4%● unchanged vs 07-2025lowest value
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.6%▲ +0.1 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.7%▲ +0.1 percentage points vs 12-2025
02-2026: 0.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.9%▲ +0.3 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Size: total assets €222,916
Sector: Wholesale trade (NACE 46)
lowers risk
Liquidity: current ratio 2.40, cash €24,373
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 46, micro). It does better than 76% of them on solvency, 56% on liquidity, 89% on profitability and 59% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as TREESOLID has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TREESOLID itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for TREESOLID. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.4 (2.89 in 2024), above the usual 1.5. Short-term debt is 29.3% and cash 10.9% of total assets. 29.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
12 days early
2024
on the day
2023
7 days early
2022
27 days early
2021
27 days early
2020
18 days early
2019
143 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672508423
Registered office moved within Vorselaar
New registered office: Grensstraat 5, 2290 Vorselaar · Previous registered office: Lepelstraat 11 bus A, 2290 Vorselaar · General meeting of 21-10-2024 · Gazette deed
Change of role: Carolien Van Doninck, from manager to director
“Het uitbaten van een bakkerij en banketbakkerij,de fabricage en verkoop van…” (deed in Dutch) · General meeting of 01-04-2022 · Gazette deed
Resignation: Frederik Maes (manager)
General meeting of 29-12-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TREESOLID Vorselaar | €222,916 | €76,473 | 70.7% | - |
| ALLMEDICS Keerbergen | €281,788 | €85,202 | 7.2% | - |
| SOMACARE Namur | €177,192 | €67,852 | 7.0% | - |
| C&J Laboratories Belgium Sint-Niklaas | €166,880 | €77,087 | 22.4% | - |
| HumaniX Genk | €165,611 | €65,115 | 55.8% | - |
| 3Pharma Sint-Niklaas | €307,833 | €84,337 | -6.0% | - |
| GRINTA BENELUX Aarschot | €161,621 | €79,285 | 14.1% | - |
These companies have the same main activity as TREESOLID: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €162,000 and €308,000, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 08-03-2017Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460and 3 others
- Establishment unit
- 2.262.503.6202290 Vorselaar, since 08-03-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 10-11-2025
Annual accounts to 30-06-2025
- ≈ €300,000estimated
- €222,916▲ 4.0%
- Filing
- Filed on 19-01-2026, 12 days before the end of the filing period
Insights on TREESOLID
TREESOLID files the micro format. That format states no turnover. The gross margin rose from €44,402 in 2018 to €76,473 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TREESOLID
- What is the company number of TREESOLID?
- The company number of TREESOLID is 0672.508.423. The VAT number is the same number with BE in front: BE 0672.508.423.
- Where is TREESOLID based?
- The registered office is at Grensstraat 5, 2290 Vorselaar.Company details
- What does TREESOLID do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of TREESOLID?
- TREESOLID is a private limited company (BV).
- When was TREESOLID founded?
- TREESOLID was founded on 08-03-2017.
- Is TREESOLID still active?
- Yes, TREESOLID is an active enterprise in the KBO register.
- What is the turnover of TREESOLID?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €76,473 and 32 comparable companies (NACE 464). It probably lies between €160,000 and €420,000. In financial year 2022 turnover was €293,358.Financials
- Is TREESOLID profitable?
- In financial year 2025, TREESOLID made a profit of €49,786.
- Where can I find the annual accounts of TREESOLID?
- TREESOLID filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TREESOLID due?
- TREESOLID must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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