Summary
WillowTree is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €34,825 and a net result of €1,018. Equity has been shrinking by about 26% per year since 2018. Its solvency ranks better than 13% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-07-2009 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2023
- Establishment unit
- 2.185.695.258 9000 Gent, since 13-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Profit
- €1,018
- Equity
- €34,825
- ▲ 3.0%
- Total assets
- €527,236
- ▼ 7.9%
Signalsraises riskWeak solvency compared with the sectorneutralLatest accounts filed on timeShow the evidence
Checked score
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 16 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 43% lower than in 2024. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.3 |
| Average over the year, in full-time equivalents | 0.2 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,919 | - | €3,502 | - | - |
| Financial fixed assets | - | €5,000 | €2,701 | - | €395 |
| Depreciation and write-downs of the year | €58,055 | €59,788 | €59,670 | €59,942 | €57,983 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as WillowTree: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €431,000 and €636,000, founded between 2007 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| WillowTree Gent | 2009 | €527,236 | €34,825 | €72,674 | €1,018 | 2025 |
| ASAP VDS Sint-Lievens-Houtem | 2008 | €461,350 | €317,630 | €67,849 | €34,683 | 2025 |
| IMAGE DEPOT Lokeren | 2010 | €470,510 | €452,377 | €68,433 | €29,172 | 2025 |
| AKW INVEST Gent | 2007 | €504,102 | €423,317 | €67,447 | €34,395 | 2025 |
| Livitin Beveren-Kruibeke-Zwijndrecht | 2010 | €635,522 | €322,754 | €69,648 | €26,894 | 2025 |
| G. VERNIERS Sint-Niklaas | 2008 | €431,464 | €407,966 | €77,375 | €37,455 | 2025 |
| CQ SOLUTIONS Lede | 2008 | €525,797 | €129,959 | €84,495 | €44,160 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €7,106 | €1,366 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,143 | €39,454 | €53,136 | €58,055 | €59,788 | €59,670 | €59,942 | €57,983 | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,763 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,336 | €2,341 | €1,550 | €2,783 | €354 | ▼ 87.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €6,625 | - | - | - |
| Gross operating margin9900 | €84,366 | -€25,292 | €1,143 | €69,887 | €29,878 | €97,744 | €87,749 | €72,674 | ▼ 17.2% |
| Operating profit (loss)9901 | €55,349 | -€132,630 | -€52,936 | €10,496 | -€41,120 | €28,532 | €25,024 | €14,337 | ▼ 42.7% |
| Financial income75/76B | - | - | - | €82 | - | - | - | - | - |
| Recurring financial income75 | €6,411 | €1,118 | €1 | €82 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,857 | €9,068 | €30,936 | €26,042 | €13,291 | ▼ 49.0% |
| Recurring financial charges65 | €945 | €5,108 | €5,849 | €6,857 | €9,068 | €30,936 | €26,042 | €13,291 | ▼ 49.0% |
| Profit (loss) for the period before taxes9903 | €60,815 | -€136,620 | -€58,784 | €3,722 | -€50,187 | -€2,404 | -€1,018 | €1,046 | - |
| Income taxes67/77 | €16,205 | €144 | €288 | €362 | €318 | €428 | €451 | €29 | ▼ 93.7% |
| Profit (loss) for the period9904 | €44,610 | -€136,764 | -€59,072 | €3,359 | -€50,505 | -€2,832 | -€1,469 | €1,018 | - |
| Profit (loss) for the period to be appropriated9905 | €44,610 | -€136,764 | -€59,072 | €3,359 | -€50,505 | -€2,832 | -€1,469 | €1,018 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €519,302 | €677,649 | €888,949 | €758,733 | €711,216 | €666,817 | €572,370 | €527,236 | ▼ 7.9% |
| Fixed assets21/28 | €351,682 | €465,809 | €680,783 | €660,647 | €605,860 | €551,893 | €488,897 | €431,309 | ▼ 11.8% |
| Tangible fixed assets22/27 | €351,182 | €465,309 | €680,283 | €660,147 | €600,360 | €544,192 | €484,249 | €426,266 | ▼ 12.0% |
| Land and buildings22 | - | - | - | €654,359 | €596,547 | €538,736 | €480,924 | €424,747 | ▼ 11.7% |
| Plant, machinery and equipment23 | - | - | - | €923 | €160 | €1,387 | €842 | €297 | ▼ 64.7% |
| Furniture and vehicles24 | - | - | - | €4,865 | €3,652 | €4,069 | €2,483 | €1,222 | ▼ 50.8% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €5,500 | €7,701 | €4,648 | €5,043 | ▲ 8.5% |
| Current assets29/58 | €167,619 | €211,840 | €208,166 | €98,086 | €105,356 | €114,924 | €83,473 | €95,928 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €129,376 | €196,912 | €196,417 | €97,633 | €87,919 | €103,745 | €62,890 | €80,934 | ▲ 28.7% |
| Trade receivables40 | - | - | - | €49,412 | €39,694 | €84,102 | €37,830 | €63,257 | ▲ 67.2% |
| Other amounts receivable41 | - | - | - | €48,221 | €48,225 | €19,643 | €25,060 | €17,677 | ▼ 29.5% |
| Cash at bank and in hand54/58 | €38,017 | €14,684 | €11,749 | €453 | €14,967 | €11,179 | €20,171 | €14,994 | ▼ 25.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,470 | - | €413 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €519,302 | €677,649 | €888,949 | €758,733 | €711,216 | €666,817 | €572,370 | €527,236 | ▼ 7.9% |
| Equity10/15 | €281,089 | €144,325 | €85,253 | €88,613 | €38,108 | €35,276 | €33,807 | €34,825 | ▲ 3.0% |
| Contributions10/11 | €212,400 | €212,400 | - | €212,400 | €212,400 | €212,400 | €212,400 | €212,400 | = |
| Reserves13 | €68,689 | €68,689 | €68,689 | €68,689 | €68,689 | €68,689 | €68,689 | €68,689 | = |
| Non-distributable reserves130/1 | - | - | - | €21,240 | €21,240 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €21,240 | €21,240 | - | - | - | - |
| Distributable reserves133 | - | - | - | €47,449 | €47,449 | €68,689 | €68,689 | €68,689 | = |
| Profit (loss) carried forward14 | - | -€136,764 | -€195,835 | -€192,476 | -€242,981 | -€245,813 | -€247,282 | -€246,264 | ▲ 0.4% |
| Amounts payable17/49 | €238,213 | €533,323 | €803,696 | €670,120 | €673,108 | €631,541 | €538,563 | €492,412 | ▼ 8.6% |
| Amounts payable after more than one year17 | €124,569 | €270,853 | €326,218 | €309,552 | €286,218 | €267,934 | €266,111 | €256,111 | ▼ 3.8% |
| Financial debts170/4 | - | - | - | €309,552 | €286,218 | €267,934 | €266,111 | €256,111 | ▼ 3.8% |
| Amounts payable within one year42/48 | €113,644 | €262,471 | €477,478 | €360,569 | €386,890 | €363,607 | €266,500 | €229,228 | ▼ 14.0% |
| Trade debts44 | €31,888 | €138,011 | €199,152 | €82,259 | €100,615 | €33,944 | €40,995 | €47,176 | ▲ 15.1% |
| Suppliers440/4 | - | - | - | €82,259 | €100,615 | €33,944 | €40,995 | €47,176 | ▲ 15.1% |
| Taxes, remuneration and social security45 | - | - | - | €10,740 | €5,823 | €12,691 | €4,042 | €9,439 | ▲ 134% |
| Taxes450/3 | - | - | - | €10,740 | €4,723 | €12,691 | €4,042 | €9,439 | ▲ 134% |
| Remuneration and social security454/9 | - | - | - | - | €1,100 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €267,571 | €280,452 | €316,972 | €221,463 | €172,614 | ▼ 22.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €5,951 | €7,072 | ▲ 18.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,610 | -€136,764 | -€59,072 | €3,359 | -€50,505 | -€2,832 | -€1,469 | €1,018 | - |
| + Depreciation and write-downs630 | €24,143 | €39,454 | €53,136 | €58,055 | €59,788 | €59,670 | €59,942 | €57,983 | ▼ 3.3% |
| Operating cash flow (approximation) | €68,753 | -€97,310 | -€5,936 | €61,414 | €9,282 | €56,838 | €58,474 | €59,001 | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | -€153,580 | -€268,111 | -€37,919 | -€5,000 | -€5,703 | €3,053 | -€395 | - |
| Change in cash | - | -€23,333 | -€2,935 | -€11,296 | €14,514 | -€3,788 | €8,992 | -€5,177 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00354678 | NBB |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00341037 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00277642 | |
| 31-12-2022 | micro format | 19-08-2023 | 2023-00336433 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20410714 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55600190 | |
| 31-12-2019 | micro format | 15-08-2020 | 2020-41600153 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50400239 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59200100 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-39100121 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, 1”
Articles of association, deed of 21-11-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity -€1.0m Loss of €349,860 in 2025 (loss of €707,621 in 2024)21.44%
Board mandates elsewhere
2 board mandatesCompanies at the same address
7 other companies- The Data Tank Registered office · since 2023 0789905147
- Anneloes Baert Registered office · since 2023 0801359758
- JANG! Registered office · since 2020 0758871580
- 7d Studio Registered office · since 2019 0739910852
- Peter Claes Registered office · since 2014 0550982170
- JVG Registered office · since 2013 0535877785
- TRUST Registered office · since 2012 0845448535
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
21-11
Gazette deed
Resignation: De Waele,Wim Raymond Octaaf Marcel (director)Reappointment: De Waele,Wim Raymond Octaaf Marcel (director) · Amendment of the articles · Registered office clause7 points ▸
- General meeting, 08-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “toevoeging mogelijkheid tot uitkering winst door bestuursorgaan, winst van lopende boekjaar of winst van voorgaande boekjaar” (deed in Dutch)
- Director resignation, De Waele,Wim Raymond Octaaf Marcel (director)
- Director reappointment, De Waele,Wim Raymond Octaaf Marcel (director)
- Registered office clause, “9000 Gent,Coupure 53 bus 001” (deed in Dutch)
- Power of attorney, Jeroen Parmentier
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
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 |
|---|---|---|---|---|
| 44806F0674/00L003 ProtectedMonument · Townscape or village viewBlindenhuis Van Caeneghemgesticht en Pharmacodynamisch Instituut met omgevingSource ↗ |
Flanders | 543 m² | 1 · 212 m² | 27.9 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.