VYTREE
ActiveSummary
VYTREE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.50M and a net result of €-131k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▲+4
Solvency52▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.52 in 2023; short-term debt: 27.2% and cash: 0.1% of total assets), and 72.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
27.4%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-131k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
31 d late
2022
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.50M▼ 5.0%
2023 · €2.64M
2022: €2.90Mhighest in 3 years
2023: €2.64M▼ -9.1% vs 2022
2024: €2.50M▼ -5.0% vs 2023lowest in 3 years
2022 → 2024
Total assets
€9.14M▼ 1.7%
2023 · €9.30M
2022: €8.78Mlowest in 3 years
2023: €9.30M▲ +5.8% vs 2022highest in 3 years
2024: €9.14M▼ -1.7% vs 2023
2022 → 2024
Net result
€-131k▲ 50.8%
2023 · €-265k
2022: €-100khighest in 3 years
2023: €-265k▼ -166% vs 2022lowest in 3 years
2024: €-131k▲ +50.8% vs 2023
2022 → 2024
Working capital
€-1.83M▼ 147%
2023 · €-741k
2022: €-295khighest in 3 years
2023: €-741k▼ -151% vs 2022
2024: €-1.83M▼ -147% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€2.90M-€2.64M▼ 9.1%€2.50M▼ 5.0%
2022: €2.90Mhighest in 3 years
2023: €2.64M▼ -9.1% vs 2022
2024: €2.50M▼ -5.0% vs 2023lowest in 3 years
Operating result€-21k-€50k€194k▲ 289%
2022: €-21klowest in 3 years
2023: €50k▲ +332% vs 2022
2024: €194k▲ +289% vs 2023highest in 3 years
Net result€-100k-€-265k▼ 166%€-131k▲ 50.8%
2022: €-100khighest in 3 years
2023: €-265k▼ -166% vs 2022lowest in 3 years
2024: €-131k▲ +50.8% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 289% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.14M
Fixed assets
€8.49M =
Current assets
€653k ▼ 19.5%
Equity and liabilities €9.14M
Equity
€2.50M ▼ 5.0%
Debt
€6.63M ▼ 0.4%
Debt's share of the balance-sheet total rises from 71.7% to 72.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.26▼
2023 · 0.52
Debt to equity
2.65▲
2023 · 2.53
ROE
-5.2%▲
2023 · -10.1%
ROA
-1.4%▲
2023 · -2.9%
Debt ≤ 1 year
€2.48M▲
2023 · €1.55M
Debt > 1 year
€4.08M▼
2023 · €4.96M
Staff costs
€47k▲
2023 · €37k
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 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.30M€9.14M▼
Fixed assets21/28€8.49M€8.49M=
Financial fixed assets28€8.49M€8.49M=
Current assets29/58€812k€653k▼
Amounts receivable within one year40/41€795k€642k▼
Trade receivables40€597k€617k▲
Other amounts receivable41€198k€25k▼
Cash at bank and in hand54/58€17k€11k▼
Deferred charges and accrued income490/1€248€0▼
Equity and liabilities
Total equity and liabilities10/49€9.30M€9.14M▼
Equity10/15€2.64M€2.50M▼
Contributions10/11€3.00M€3.00M=
Profit (loss) carried forward14€-365k€-495k▼
Amounts payable17/49€6.66M€6.63M▼
Amounts payable after more than one year17€4.96M€4.08M▼
Financial debts170/4€4.96M€4.08M▼
Amounts payable within one year42/48€1.55M€2.48M▲
Current portion of amounts payable after more than one year42€1.19M€2.09M▲
Trade debts44€361k€387k▲
Suppliers440/4€361k€387k▲
Taxes, remuneration and social security45€3k€5k▲
Remuneration and social security454/9€3k€5k▲
Accrued charges and deferred income492/3€144k€65k▼
Income statement
Code20232024
Remuneration, social security and pensions62€37k€47k▲
Other operating charges640/8€115€0▼
Gross operating margin9900€87k€241k▲
Operating profit (loss)9901€50k€194k▲
Financial income75/76B€7k€41k▲
Recurring financial income75€7k€41k▲
Financial charges65/66B€322k€366k▲
Recurring financial charges65€322k€366k▲
Profit (loss) for the period before taxes9903€-265k€-131k▲
Profit (loss) for the period9904€-265k€-131k▲
Profit (loss) for the period to be appropriated9905€-265k€-131k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-365k€-495k▼
Profit (loss) brought forward from the previous period14P€-100k€-365k▼
Social balance
Average headcount (FTE)90870.10.8▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11k | €37k | €47k | ▲ 27.7% |
| Other operating charges640/8 | - | €115 | €0 | ▼ 100% |
| Gross operating margin9900 | €-11k | €87k | €241k | ▲ 178% |
| Operating profit (loss)9901 | €-21k | €50k | €194k | ▲ 289% |
| Financial income75/76B | €2k | €7k | €41k | ▲ 463% |
| Recurring financial income75 | €2k | €7k | €41k | ▲ 463% |
| Financial charges65/66B | €81k | €322k | €366k | ▲ 13.5% |
| Recurring financial charges65 | €81k | €322k | €366k | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €-100k | €-265k | €-131k | ▲ 50.8% |
| Profit (loss) for the period9904 | €-100k | €-265k | €-131k | ▲ 50.8% |
| Profit (loss) for the period to be appropriated9905 | €-100k | €-265k | €-131k | ▲ 50.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8.78M | €9.30M | €9.14M | ▼ 1.7% |
| Fixed assets21/28 | €8.49M | €8.49M | €8.49M | = |
| Financial fixed assets28 | €8.49M | €8.49M | €8.49M | = |
| Current assets29/58 | €299k | €812k | €653k | ▼ 19.5% |
| Amounts receivable within one year40/41 | €159k | €795k | €642k | ▼ 19.2% |
| Trade receivables40 | €56k | €597k | €617k | ▲ 3.4% |
| Other amounts receivable41 | €103k | €198k | €25k | ▼ 87.4% |
| Cash at bank and in hand54/58 | €135k | €17k | €11k | ▼ 33.5% |
| Deferred charges and accrued income490/1 | €5k | €248 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8.78M | €9.30M | €9.14M | ▼ 1.7% |
| Equity10/15 | €2.90M | €2.64M | €2.50M | ▼ 5.0% |
| Contributions10/11 | €3.00M | €3.00M | €3.00M | = |
| Profit (loss) carried forward14 | €-100k | €-365k | €-495k | ▼ 35.8% |
| Amounts payable17/49 | €5.88M | €6.66M | €6.63M | ▼ 0.4% |
| Amounts payable after more than one year17 | €5.19M | €4.96M | €4.08M | ▼ 17.7% |
| Financial debts170/4 | €5.19M | €4.96M | €4.08M | ▼ 17.7% |
| Amounts payable within one year42/48 | €594k | €1.55M | €2.48M | ▲ 60.0% |
| Current portion of amounts payable after more than one year42 | €553k | €1.19M | €2.09M | ▲ 76.0% |
| Trade debts44 | €34k | €361k | €387k | ▲ 7.2% |
| Suppliers440/4 | €34k | €361k | €387k | ▲ 7.2% |
| Taxes, remuneration and social security45 | €6k | €3k | €5k | ▲ 48.7% |
| Remuneration and social security454/9 | €6k | €3k | €5k | ▲ 48.7% |
| Accrued charges and deferred income492/3 | €98k | €144k | €65k | ▼ 55.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-100k | €-265k | €-131k | ▲ 50.8% |
| Operating cash flow (approximation) | €-100k | €-265k | €-131k | ▲ 50.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €-118k | €-6k | ▲ 95.3% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-265k
Net result drops to €-265k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Lichtervelde · 1 establishment unit since 2022
Ground area
1,222 m²
Building footprint
483 m²
Volume, LiDAR
3,443 m³
Parcel 36011E0561/00P000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VYTREE
since 20222.334.535.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0561/00P000 | Flanders | 1,222 m² | 1 · 483 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
699400U1JVNBXANSUT27
Similar companies · same sector, comparable size
SCT Truck Design
BE 0505.735.333
Wingene · Eq €2,506,061
SB CONSULT ENGINEERING
BE 0825.636.977
Péruwelz · Eq €2,501,569
KSJ Invest
BE 0463.017.028
Antwerpen · Eq €2,498,973
PALUCO
BE 0839.823.129
Kapellen · Eq €2,512,640
SIGN & DISPLAY INVEST
BE 0652.890.469
Diest · Eq €2,514,530
Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 2,847 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
Founded24-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.