TREEVIEW (0860.553.217): annual accounts, directors and company register

TREEVIEW

Bruges ·KBO/BCE: BE 0860.553.217

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
TREEVIEW Bruges	€326,130	-€92,231	47.5%	1.1
WEBNET4U Anzegem	€191,549	-€5,119	-10.0%	-
CALLING ELVIS Lier	€319,346	-€68,194	94.1%	-
CapitalM Herent	€306,595	-€4,597	97.9%	-
MIRE CONSULTING Bekkevoort	€332,009	-€10,380	78.0%	-
NUCLEON Turnhout	€397,274	-€3,196	99.9%	-
LAUNDRY TECHNOLOGIES EUROPE Sint-Truiden	€265,000	-€3,246	69.3%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	326,130	504,835	515,298	469,958	445,310	364,349	306,272	228,122	151,400	118,594	79,726	66,507	61,135	52,777	69,623	57,044	33,568
Fixed assets`21/28`	42,503	54,137	16,152	21,662	17,775	14,853	16,767	18,508	13,668	9,244	3,273	4,297	3,183	3,242	9,618	10,086	1,312
Intangible fixed assets`21`	7,269	8,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	30,234	41,042	10,802	16,312	12,425	14,853	16,767	17,518	12,678	8,254	3,273	4,297	3,183	3,242	3,618	4,086	1,312
Plant, machinery and equipment`23`	3,830	3,286	4,070	7,569	249	373	498	1,115	1,768	1,224	1,666	2,109	749	1,498	2,792	4,086	1,312
Furniture and vehicles`24`	26,404	37,756	6,733	8,743	10,947	13,005	14,550	14,437	8,699	7,030	1,606	2,189	2,434	1,744	826	-	-
Other tangible fixed assets`26`	-	-	-	-	1,228	1,474	1,720	1,966	2,211	-	-	-	-	-	-	-	-
Financial fixed assets`28`	5,000	5,000	5,350	5,350	5,350	-	-	990	990	990	-	-	-	-	6,000	6,000	-
Current assets`29/58`	283,627	450,698	499,146	448,297	427,536	349,497	289,504	209,614	137,732	109,351	76,454	62,209	57,952	49,534	60,005	46,958	32,256
Stocks and contracts in progress`3`	222,902	366,500	489,901	445,261	419,220	329,656	265,723	188,782	129,584	96,122	67,357	54,482	47,287	41,523	37,541	36,754	25,268
Stocks`30/36`	222,902	366,500	489,901	445,261	419,220	329,656	265,723	188,782	129,584	96,122	67,357	54,482	47,287	41,523	37,541	36,754	25,268
Amounts receivable within one year`40/41`	7,348	3,724	3,174	1,291	4,944	13,749	5,085	8,320	7,898	12,966	5,137	5,920	6,321	6,981	20,701	2,828	2,794
Trade receivables`40`	3,893	454	71	1,291	4,944	5,016	1,225	8,135	7,708	12,801	5,137	5,920	6,280	6,727	20,701	2,828	2,794
Other amounts receivable`41`	3,455	3,270	3,103	-	-	8,733	3,861	185	190	165	-	-	41	254	-	-	-
Current investments`50/53`	45,050	45,050	250	250	250	250	250	250	250	250	250	250	250	250	-	-	-
Cash at bank and in hand`54/58`	5,455	32,356	4,837	302	2,133	5,842	18,021	12,262	-	12	3,709	1,557	4,095	781	1,763	7,376	4,194
Deferred charges and accrued income`490/1`	2,872	3,068	984	1,193	989	-	425	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	326,130	504,835	515,298	469,958	445,310	364,349	306,272	228,122	151,400	118,594	79,726	66,507	61,135	52,777	69,623	57,044	33,568
Equity`10/15`	155,033	304,066	349,277	323,682	283,976	237,426	177,077	141,887	83,522	62,914	39,122	22,822	16,250	19,892	17,257	2,796	5,111
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	214,560	297,866	343,077	317,482	277,776	231,226	170,877	135,687	77,322	56,714	32,922	16,209	13,614	13,505	10,901	-	-
Non-distributable reserves`130/1`	44,800	44,800	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	-	-
Reserves not available under the articles`1311`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	44,800	44,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	30,343	30,343	30,343	30,343	30,343	30,343	40,039	39,771	29,349	18,932	6,950	349	254	145	41	-	-
Distributable reserves`133`	139,417	222,723	310,874	285,280	245,573	199,023	128,978	94,056	46,114	35,922	24,111	14,000	11,500	11,500	9,000	-	-
Profit (loss) carried forward`14`	-65,727	-	-	-	-	-	-	-	-	-	-	413	-3,564	187	155	-3,404	-1,089
Amounts payable`17/49`	171,097	200,769	166,021	146,276	161,335	126,923	129,194	86,235	67,878	55,680	40,605	43,685	44,885	32,884	52,366	54,248	28,456
Amounts payable after more than one year`17`	32,664	50,085	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	32,664	50,085	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	110,476	89,540	107,781	145,625	160,349	123,561	129,194	86,235	65,749	55,680	40,605	43,685	44,885	32,884	52,366	54,035	28,456
Current portion of amounts payable after more than one year`42`	17,421	16,668	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	5,358	4,288	-	-	-	-	2,928	-	-	-	2,729	2,060	4,016	-	-
Credit institutions`430/8`	-	-	5,358	4,288	-	-	-	-	2,928	-	-	-	2,729	2,060	4,016	-	-
Trade debts`44`	58,859	43,744	70,464	40,329	50,856	26,404	36,971	30,457	28,679	19,096	9,495	11,190	10,198	3,151	473	4,623	474
Suppliers`440/4`	58,859	43,744	70,464	40,329	50,856	26,404	36,971	30,457	28,679	19,096	9,495	11,190	10,198	3,151	473	4,623	474
Advances received on contracts in progress`46`	-	-	-	61,713	47,665	41,352	43,181	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	30,328	26,961	30,201	17,904	25,069	45,945	33,491	36,280	12,345	10,127	7,602	3,560	791	3,691	14,275	13,425	3,669
Taxes`450/3`	22,267	19,511	23,657	9,638	18,729	38,167	22,889	31,228	10,001	9,416	7,602	3,560	791	3,691	14,275	13,191	3,669
Remuneration and social security`454/9`	8,061	7,449	6,544	8,266	6,340	7,778	10,602	5,052	2,343	711	-	-	-	-	-	233	-
Other amounts payable`47/48`	3,869	2,167	1,758	21,391	36,758	9,860	15,552	19,498	21,797	26,458	23,507	28,935	31,166	23,981	33,603	35,987	24,313
Accrued charges and deferred income`492/3`	27,957	61,144	58,240	651	986	3,362	-	-	2,129	-	-	-	-	-	-	213	-
Income statement
Gross operating margin`9900`	-92,231	6,999	88,595	112,302	124,395	187,962	117,016	113,514	49,587	37,527	22,084	9,632	2,869	6,101	33,976	2,533	3,635
Remuneration, social security and pensions`62`	60,277	41,135	44,815	44,200	44,190	76,019	52,236	19,378	16,717	3,909	-	-	-	-	13,773	446	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	13,070	7,200	5,509	4,944	3,667	4,318	5,379	5,115	3,445	1,913	1,025	1,490	1,298	1,718	1,500	2,110	1,272
Other operating charges`640/8`	1,284	1,801	460	618	579	457	515	513	451	451	551	348	524	723	1,551	769	527
Non-recurring operating charges`66A`	1,854	-	-	1,228	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-168,716	-43,137	37,811	61,312	75,960	107,169	58,887	88,508	28,974	31,254	20,509	7,794	1,048	3,660	17,153	-792	1,837
Financial income`75/76B`	24,421	4,798	785	737	1,029	3,490	1,368	929	950	232	549	484	207	1,911	495	18	42
Recurring financial income`75`	24,421	4,798	785	737	1,029	3,490	1,368	929	950	232	549	484	207	1,911	495	18	42
Financial charges`65/66B`	3,407	6,039	1,765	1,706	4,736	10,192	4,261	3,284	3,423	1,456	1,438	938	4,912	2,260	1,834	1,541	2,967
Recurring financial charges`65`	3,407	6,039	1,765	1,706	4,736	10,192	4,261	3,284	3,423	1,456	1,438	938	4,912	2,260	1,834	1,541	2,967
Profit (loss) for the period before taxes`9903`	-147,703	-44,378	36,831	60,344	72,253	100,467	55,994	86,153	26,501	30,030	19,620	7,340	-3,657	3,311	15,814	-2,315	-1,089
Income taxes`67/77`	497	-	9,570	16,337	24,103	37,119	17,804	25,288	3,393	6,238	3,321	768	-15	675	1,353	0	0
Profit (loss) for the period`9904`	-148,200	-44,378	27,261	44,007	48,150	63,349	38,190	60,865	23,109	23,792	16,300	6,572	-3,642	2,636	14,461	-2,315	-1,089
Transfer from tax-exempt reserves`789`	-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	304	268	10,423	10,417	11,981	6,601	96	108	104	41	-	-
Profit (loss) for the period to be appropriated`9905`	-148,200	-44,378	27,261	44,007	48,150	73,045	37,923	50,442	12,692	11,811	9,699	6,476	-3,751	2,532	14,419	-2,315	-1,089
Appropriation of the result
Profit (loss) to be appropriated`9906`	-148,200	-44,378	27,261	44,007	48,150	73,045	37,923	50,442	12,692	11,811	10,111	2,913	-3,564	2,687	11,015	-3,404	-10,417
Transfer from equity`791/2`	83,306	90,011	1,666	4,300	1,600	-	-	-	-	-	-	-	-	-	-	-	9,328
Transfer to equity`691/2`	-	44,800	27,261	44,007	48,150	70,045	34,923	47,942	10,192	11,811	10,111	2,500	-	2,500	10,860	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860	-	-
To other reserves`6921`	-	44,800	27,261	44,007	48,150	70,045	34,923	47,942	10,192	11,811	10,111	2,500	-	2,500	9,000	-	-
Profit to be distributed`694/7`	833	833	1,666	4,300	1,600	3,000	3,000	2,500	2,500	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	833	833	1,666	1,600	1,600	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	2,700	-	3,000	3,000	2,500	2,500	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1.1	1	1.2	1.3	1.4	1.8	1.6	0.7	0.7	0.4	-	-	-	-	0.6	0.1	-
Hours worked`1013`	-	1,672	1,704	2,019	2,090	2,999	2,934	1,128	959	317	-	-	-	-	1,000	24	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	29-04-2026	2026-00092954	PDF
30-09-2024	abbreviated format	01-04-2025	2025-00059667	PDF
30-09-2023	abbreviated format	30-04-2024	2024-00075624	PDF
30-09-2022	abbreviated format	28-04-2023	2023-00070644	PDF
30-09-2021	micro format	29-03-2022	2022-09100585	PDF
30-09-2020	micro format	02-03-2021	2021-06700084	PDF
30-09-2019	micro format	27-02-2020	2020-05800049	PDF
30-09-2018	micro format	21-02-2019	2019-05500152	PDF
30-09-2017	micro format	01-03-2018	2018-06000310	PDF
30-09-2016	abbreviated format	09-03-2017	2017-06000482	PDF
30-09-2015	abbreviated format	08-03-2016	2016-05900550	PDF
30-09-2014	abbreviated format	24-02-2015	2015-04800350	PDF
30-09-2013	abbreviated format	25-02-2014	2014-04900436	PDF
30-09-2012	abbreviated format	23-02-2013	2013-05100171	PDF
30-09-2011	abbreviated format	22-02-2012	2012-04200273	PDF
30-09-2010	abbreviated format	31-03-2011	2011-07200361	PDF
30-09-2009	abbreviated format	24-02-2010	2010-05100020	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	-155,646	-35,937	43,320	66,256	79,627	111,487	64,266	93,623	32,419	33,168	21,534	9,284	2,345	5,378	18,653	1,318	3,109
Cash flow	-135,130	-37,178	32,770	48,951	51,817	67,667	43,569	65,980	26,553	25,705	17,324	8,062	-2,345	4,354	15,961	-205	183
Investment in fixed assets (approximation)	3,291	45,535	0	10,059	6,589	2,403	4,628	9,955	7,869	7,884	0	2,605	1,238	1,342	1,033	10,883	-
Change in cash	-26,901	27,519	4,534	-1,830	-3,709	-12,179	5,759	-	-	-3,697	2,152	-2,538	3,314	-982	-5,613	3,183	-
Working capital	173,151	361,158	391,364	302,671	267,187	225,936	160,310	123,379	71,983	53,670	35,849	18,525	13,067	16,650	7,638	-7,077	3,799
Solvency	47.5%	60.2%	67.8%	68.9%	63.8%	65.2%	57.8%	62.2%	55.2%	53.0%	49.1%	34.3%	26.6%	37.7%	24.8%	4.9%	15.2%
Current ratio	2.57	5.03	4.63	3.08	2.67	2.83	2.24	2.43	2.09	1.96	1.88	1.42	1.29	1.51	1.15	0.87	1.13
Quick ratio	0.55	0.94	0.09	0.02	0.05	0.16	0.18	0.24	0.12	0.24	0.22	0.18	0.24	0.24	0.43	0.19	0.25
Debt to equity	1.10	0.66	0.48	0.45	0.57	0.53	0.73	0.61	0.81	0.89	1.04	1.91	2.76	1.65	3.03	19.40	5.57
ROE	-95.6%	-14.6%	7.8%	13.6%	17.0%	26.7%	21.6%	42.9%	27.7%	37.8%	41.7%	28.8%	-22.4%	13.2%	83.8%	-82.8%	-21.3%
ROA	-45.4%	-8.8%	5.3%	9.4%	10.8%	17.4%	12.5%	26.7%	15.3%	20.1%	20.4%	9.9%	-6.0%	5.0%	20.8%	-4.1%	-3.2%
Interest coverage	-45.68	-5.95	24.54	38.85	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Employees at the balance-sheet date	2	2	1	2
full-time	-	1	-	-
part-time	2	1	1	2
in full-time equivalents	1.1	1.8	0.6	1.2
Average over the year, in full-time equivalents	1.1	1	1.2	1.3
On a permanent contract	2	2	1	2
Joined	4	2	0	2
Left	4	1	1	2

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Tangible fixed assets	€3,291	€37,271	-	€10,059
Intangible fixed assets	-	€8,264	-	-
Depreciation and write-downs of the year	€13,070	€7,200	€5,509	€4,944

Year	Entries	Awarded	Paid
2025	1	€5,052	€5,052
2023	1	€6,992	€6,992

Overview

Lifetime

Key points

Equity

Result

Staff

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts to 30-09-2025

Insights on TREEVIEW

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency47.5%

Current ratio2.57

Return on assets-45.4%

Staff

Staff cost per FTE€54,797

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 2 entries, €12,044 awarded, €12,044 paid

Key figures and ratios

Social balance sheet

Investments

Insights on TREEVIEW

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels