X - TREEM
ActiveSummary
X - TREEM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €482k and a net result of €76k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+11
Solvency70▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 3.86 in 2023; short-term debt: 5.7% and cash: 20.8% of total assets), but 55.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
34 d early
2022
62 d early
2021
62 d early
2020
40 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€482k▲ 18.8%
2023 · €405k
2018: €193klowest in 7 years
2019: €220k▲ +14.2% vs 2018
2020: €269k▲ +22.6% vs 2019
2021: €315k▲ +17.0% vs 2020
2022: €351k▲ +11.5% vs 2021
2023: €405k▲ +15.4% vs 2022
2024: €482k▲ +18.8% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.07M▲ 1.7%
2023 · €1.06M
2018: €1.03M
2019: €1.10M▲ +7.0% vs 2018
2020: €1.12M▲ +1.5% vs 2019highest in 7 years
2021: €1.11M▼ -0.5% vs 2020
2022: €1.03M▼ -7.6% vs 2021lowest in 7 years
2023: €1.06M▲ +2.5% vs 2022
2024: €1.07M▲ +1.7% vs 2023
2018 → 2024
Net result
€76k▲ 41.1%
2023 · €54k
2018: €53k
2019: €32k▼ -39.0% vs 2018lowest in 7 years
2020: €50k▲ +53.6% vs 2019
2021: €46k▼ -7.7% vs 2020
2022: €36k▼ -20.9% vs 2021
2023: €54k▲ +49.0% vs 2022
2024: €76k▲ +41.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€177k▲ 28.1%
2023 · €138k
2018: €51k
2019: €34k▼ -33.6% vs 2018lowest in 7 years
2020: €92k▲ +172% vs 2019
2021: €137k▲ +49.0% vs 2020
2022: €92k▼ -32.9% vs 2021
2023: €138k▲ +50.5% vs 2022
2024: €177k▲ +28.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€269k-€315k▲ 17.0%€351k▲ 11.5%€405k▲ 15.4%€482k▲ 18.8%
2020: €269klowest in 5 years
2021: €315k▲ +17.0% vs 2020
2022: €351k▲ +11.5% vs 2021
2023: €405k▲ +15.4% vs 2022
2024: €482k▲ +18.8% vs 2023highest in 5 years
Operating result€95k-€89k▼ 5.8%€75k▼ 16.3%€97k▲ 30.7%€124k▲ 27.7%
2020: €95k
2021: €89k▼ -5.8% vs 2020
2022: €75k▼ -16.3% vs 2021lowest in 5 years
2023: €97k▲ +30.7% vs 2022
2024: €124k▲ +27.7% vs 2023highest in 5 years
Net result€50k-€46k▼ 7.7%€36k▼ 20.9%€54k▲ 49.0%€76k▲ 41.1%
2020: €50k
2021: €46k▼ -7.7% vs 2020
2022: €36k▼ -20.9% vs 2021lowest in 5 years
2023: €54k▲ +49.0% vs 2022
2024: €76k▲ +41.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.07M
Fixed assets
€836k ▼ 3.8%
Current assets
€238k ▲ 27.8%
Equity and liabilities €1.07M
Equity
€482k ▲ 18.8%
Provisions
€8k =
Debt
€585k ▼ 9.0%
Debt's share of the balance-sheet total falls from 60.9% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▲
2023 · €130k
Cash flow
€110k▲
2023 · €86k
Current ratio
3.88▲
2023 · 3.86
Debt to equity
1.21▼
2023 · 1.59
ROE
15.8%▲
2023 · 13.3%
ROA
7.1%▲
2023 · 5.1%
Interest coverage
6.10▲
2023 · 5.00
Debt ≤ 1 year
€61k▲
2023 · €48k
Debt > 1 year
€519k▼
2023 · €549k
Income taxes
€24k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.06M€1.07M▲
Fixed assets21/28€870k€836k▼
Tangible fixed assets22/27€870k€836k▼
Land and buildings22€859k€828k▼
Furniture and vehicles24€10k€8k▼
Current assets29/58€186k€238k▲
Amounts receivable after more than one year29€10k€8k▼
Other amounts receivable291€10k€8k▼
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€745€2k▲
Other amounts receivable41€386€940▲
Cash at bank and in hand54/58€172k€223k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.07M▲
Equity10/15€405k€482k▲
Contributions10/11€19k€19k=
Reserves13€387k€463k▲
Distributable reserves133€387k€463k▲
Provisions and deferred taxes16€8k€8k=
Provisions for liabilities and charges160/5€8k€8k=
Major repairs and maintenance162€8k€8k=
Amounts payable17/49€643k€585k▼
Amounts payable after more than one year17€549k€519k▼
Financial debts170/4€549k€519k▼
Amounts payable within one year42/48€48k€61k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€12k€16k▲
Accrued charges and deferred income492/3€46k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€33k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€6k€6k▲
Gross operating margin9900€136k€164k▲
Operating profit (loss)9901€97k€124k▲
Financial income75/76B€345€1k▲
Recurring financial income75€345€1k▲
Financial charges65/66B€26k€26k▼
Recurring financial charges65€26k€26k▼
Profit (loss) for the period before taxes9903€72k€100k▲
Income taxes67/77€18k€24k▲
Profit (loss) for the period9904€54k€76k▲
Profit (loss) for the period to be appropriated9905€54k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€76k▲
Transfer to equity691/2€54k€76k▲
To other reserves6921€54k€76k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €38k | €38k | €32k | €33k | ▲ 4.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-10k | €0 | - | - |
| Other operating charges640/8 | - | €5k | €6k | €6k | €6k | ▲ 1.4% |
| Gross operating margin9900 | €139k | €132k | €109k | €136k | €164k | ▲ 21.0% |
| Operating profit (loss)9901 | €95k | €89k | €75k | €97k | €124k | ▲ 27.7% |
| Financial income75/76B | - | €0 | €3 | €345 | €1k | ▲ 234% |
| Recurring financial income75 | €0 | €0 | €3 | €345 | €1k | ▲ 234% |
| Financial charges65/66B | - | €27k | €24k | €26k | €26k | ▼ 0.2% |
| Recurring financial charges65 | €28k | €27k | €24k | €26k | €26k | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €67k | €62k | €50k | €72k | €100k | ▲ 38.7% |
| Income taxes67/77 | €17k | €16k | €14k | €18k | €24k | ▲ 31.3% |
| Profit (loss) for the period9904 | €50k | €46k | €36k | €54k | €76k | ▲ 41.1% |
| Profit (loss) for the period to be appropriated9905 | €50k | €46k | €36k | €54k | €76k | ▲ 41.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.11M | €1.03M | €1.06M | €1.07M | ▲ 1.7% |
| Fixed assets21/28 | €967k | €929k | €891k | €870k | €836k | ▼ 3.8% |
| Tangible fixed assets22/27 | €967k | €929k | €891k | €870k | €836k | ▼ 3.8% |
| Land and buildings22 | - | €923k | €891k | €859k | €828k | ▼ 3.6% |
| Furniture and vehicles24 | - | €6k | €137 | €10k | €8k | ▼ 21.1% |
| Current assets29/58 | €152k | €185k | €139k | €186k | €238k | ▲ 27.8% |
| Amounts receivable after more than one year29 | - | - | - | €10k | €8k | ▼ 24.0% |
| Other amounts receivable291 | - | - | - | €10k | €8k | ▼ 24.0% |
| Amounts receivable within one year40/41 | €2k | €3k | €7k | €1k | €3k | ▲ 123% |
| Trade receivables40 | - | €210 | €396 | €745 | €2k | ▲ 113% |
| Other amounts receivable41 | - | €2k | €6k | €386 | €940 | ▲ 144% |
| Cash at bank and in hand54/58 | €147k | €180k | €127k | €172k | €223k | ▲ 29.4% |
| Deferred charges and accrued income490/1 | - | €2k | €6k | €3k | €5k | ▲ 77.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.11M | €1.03M | €1.06M | €1.07M | ▲ 1.7% |
| Equity10/15 | €269k | €315k | €351k | €405k | €482k | ▲ 18.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €251k | €297k | €333k | €387k | €463k | ▲ 19.7% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €295k | €333k | €387k | €463k | ▲ 19.7% |
| Provisions and deferred taxes16 | €18k | €18k | €8k | €8k | €8k | = |
| Provisions for liabilities and charges160/5 | - | €18k | €8k | €8k | €8k | = |
| Major repairs and maintenance162 | - | €18k | €8k | €8k | €8k | = |
| Amounts payable17/49 | €832k | €781k | €671k | €643k | €585k | ▼ 9.0% |
| Amounts payable after more than one year17 | €756k | €717k | €578k | €549k | €519k | ▼ 5.4% |
| Financial debts170/4 | - | €717k | €578k | €549k | €519k | ▼ 5.4% |
| Amounts payable within one year42/48 | €60k | €48k | €47k | €48k | €61k | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | - | €39k | €29k | €29k | €30k | ▲ 0.9% |
| Trade debts44 | €2k | €2k | €6k | €4k | €12k | ▲ 206% |
| Suppliers440/4 | - | €2k | €6k | €4k | €12k | ▲ 206% |
| Taxes, remuneration and social security45 | - | €6 | €0 | €3k | €3k | ▲ 21.0% |
| Taxes450/3 | - | €6 | €0 | €3k | €3k | ▲ 21.0% |
| Other amounts payable47/48 | - | €8k | €12k | €12k | €16k | ▲ 31.6% |
| Accrued charges and deferred income492/3 | - | €16k | €45k | €46k | €4k | ▼ 90.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €46k | €36k | €54k | €76k | ▲ 41.1% |
| + Depreciation and write-downs630 | €39k | €38k | €38k | €32k | €33k | ▲ 4.5% |
| Operating cash flow (approximation) | €89k | €84k | €75k | €86k | €110k | ▲ 27.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-11k | €0 | ▲ 100% |
| Change in cash | - | €33k | €-53k | €46k | €51k | ▲ 11.0% |
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
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €76k ▲41.1%
Operating result €124k, net result €76k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €32k ▼39%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €220k ▲14.2%
2 profitable years in a row build equity to €220k.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 2002
Ground area
866 m²
Building footprint
287 m²
Volume, LiDAR
1,313 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Nachtegalenlaan 17, 2070 Beveren-Kruibeke-Zwijndrecht
since 20022.114.687.102
Blokkersdijkstraat 23, 2070 Beveren-Kruibeke-Zwijndrecht
since 20062.159.975.214
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0723/00G000 | Flanders | 534 m² | 1 · 189 m² | 6.3 m · 1 fl. |
| 11056B0740/00R003 | Flanders | 332 m² | 1 · 98 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500K3A6EA1AC50305
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,525 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.