Hônk-Tree
ActiveSummary
The computed 12-month bankruptcy probability of Hônk-Tree is 4.0% (moderate). The 2025 annual accounts show negative equity (€-173k) and a net result of €-82k. Equity is shrinking by ~74.6% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-5
Solvency12▼-6
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 3.78 in 2024; short-term debt: 112.7% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.7%
Return on assets
-6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-173k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
52 d early
2024
32 d late
2023
63 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-173k▼ 90.3%
2024 · €-91k
2023: €-37khighest in 3 years
2024: €-91k▼ -143% vs 2023
2025: €-173k▼ -90.3% vs 2024lowest in 3 years
2023 → 2025
Total assets
€1.36M▲ 6.8%
2024 · €1.28M
2023: €501klowest in 3 years
2024: €1.28M▲ +155% vs 2023
2025: €1.36M▲ +6.8% vs 2024highest in 3 years
2023 → 2025
Net result
€-82k▼ 53.5%
2024 · €-53k
2023: €-57k
2024: €-53k▲ +6.8% vs 2023highest in 3 years
2025: €-82k▼ -53.5% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-173k
2024 · €940k
2023: €399k
2024: €940k▲ +135% vs 2023highest in 3 years
2025: €-173k▼ -118% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-37k-€-91k▼ 143%€-173k▼ 90.3%
2023: €-37khighest in 3 years
2024: €-91k▼ -143% vs 2023
2025: €-173k▼ -90.3% vs 2024lowest in 3 years
Operating result€-54k-€-15k▲ 72.4%€-21k▼ 39.9%
2023: €-54klowest in 3 years
2024: €-15k▲ +72.4% vs 2023highest in 3 years
2025: €-21k▼ -39.9% vs 2024
Net result€-57k-€-53k▲ 6.8%€-82k▼ 53.5%
2023: €-57k
2024: €-53k▲ +6.8% vs 2023highest in 3 years
2025: €-82k▼ -53.5% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €15k in 2024; the loss grows.
Key figures and ratios
Solvency
-12.7%▼
2024 · -7.1%
Current ratio
0.89▼
2024 · 3.78
Quick ratio
0.05▲
2024 · 0.00
Debt to equity
-8.88▲
2024 · -15.05
ROA
-6.0%▼
2024 · -4.2%
Debt
€1.54M▲
2024 · €1.37M
Debt ≤ 1 year
€1.54M▲
2024 · €338k
Debt > 1 year
€0▼
2024 · €1.03M
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€1.36M▲
Current assets29/58€1.28M€1.36M▲
Stocks and contracts in progress3€1.28M€1.29M▲
Stocks30/36€1.28M€1.29M▲
Amounts receivable within one year40/41-€72k
Other amounts receivable41-€72k
Cash at bank and in hand54/58€156€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.36M▲
Equity10/15€-91k€-173k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-111k€-193k▼
Amounts payable17/49€1.37M€1.54M▲
Amounts payable after more than one year17€1.03M€0▼
Financial debts170/4€1.03M€0▼
Amounts payable within one year42/48€338k€1.54M▲
Current portion of amounts payable after more than one year42€334k€1.13M▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Other amounts payable47/48€2k€406k▲
Income statement
Code20242025
Other operating charges640/8€6k€6k▲
Gross operating margin9900€-9k€-15k▼
Operating profit (loss)9901€-15k€-21k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€38k€61k▲
Recurring financial charges65€38k€61k▲
Profit (loss) for the period before taxes9903€-53k€-82k▼
Profit (loss) for the period9904€-53k€-82k▼
Profit (loss) for the period to be appropriated9905€-53k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-111k€-193k▼
Profit (loss) brought forward from the previous period14P€-57k€-111k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €24k | €6k | €6k | ▲ 7.6% |
| Gross operating margin9900 | €-30k | €-9k | €-15k | ▼ 59.2% |
| Operating profit (loss)9901 | €-54k | €-15k | €-21k | ▼ 39.9% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €3k | €38k | €61k | ▲ 58.9% |
| Recurring financial charges65 | €3k | €38k | €61k | ▲ 58.9% |
| Profit (loss) for the period before taxes9903 | €-57k | €-53k | €-82k | ▼ 53.5% |
| Profit (loss) for the period9904 | €-57k | €-53k | €-82k | ▼ 53.5% |
| Profit (loss) for the period to be appropriated9905 | €-57k | €-53k | €-82k | ▼ 53.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €501k | €1.28M | €1.36M | ▲ 6.8% |
| Current assets29/58 | €501k | €1.28M | €1.36M | ▲ 6.8% |
| Stocks and contracts in progress3 | €501k | €1.28M | €1.29M | ▲ 0.8% |
| Stocks30/36 | €501k | €1.28M | €1.29M | ▲ 0.8% |
| Amounts receivable within one year40/41 | - | - | €72k | - |
| Other amounts receivable41 | - | - | €72k | - |
| Cash at bank and in hand54/58 | - | €156 | €5k | ▲ 3,123% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €501k | €1.28M | €1.36M | ▲ 6.8% |
| Equity10/15 | €-37k | €-91k | €-173k | ▼ 90.3% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-57k | €-111k | €-193k | ▼ 74.0% |
| Amounts payable17/49 | €538k | €1.37M | €1.54M | ▲ 12.3% |
| Amounts payable after more than one year17 | €437k | €1.03M | €0 | ▼ 100% |
| Financial debts170/4 | €437k | €1.03M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €101k | €338k | €1.54M | ▲ 355% |
| Current portion of amounts payable after more than one year42 | - | €334k | €1.13M | ▲ 238% |
| Financial debts43 | €95k | €0 | - | - |
| Credit institutions430/8 | €95k | €0 | - | - |
| Trade debts44 | €6k | €2k | €3k | ▲ 57.8% |
| Suppliers440/4 | €6k | €2k | €3k | ▲ 57.8% |
| Other amounts payable47/48 | - | €2k | €406k | ▲ 25,532% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-57k | €-53k | €-82k | ▼ 53.5% |
| Operating cash flow (approximation) | €-57k | €-53k | €-82k | ▼ 53.5% |
| Change in cash | - | - | €5k | - |
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
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tervuren · 1 establishment unit since 2023
Ground area
1,449 m²
Building footprint
322 m²
Volume, LiDAR
2,225 m³
2 parcels, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Eeksken 69, 9920 Lievegem
since 20232.349.496.188
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44036A0202/00B000 | Flanders | 884 m² | 1 · 174 m² | 8.2 m · 2 fl. |
| 24302D0171/00B000 | Flanders | 565 m² | 1 · 147 m² | 14.0 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-09-2023
Fiscal year end31-12
Legal name NL
Stonetree
Scores and ratios are computed by Checked and are not a credit decision.