Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Life Tree Estate from Sint-Martens-Latem, company number BE0423465673, closed financial year 2025 with a result of € -2.5 million after tax. For that financial year Life Tree Estate recorded a gross margin of € 3.2 million and equity of € 18.1 million. Compared with financial year 2024, the result moved from € -2.8 million to € -2.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 18.1 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.5 million
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 236,596
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 65.6 million
▼ 1% vs 2024
€ 2.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 2.5 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1 million
▼ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,583,090 | € 933,339 | € 2,641,031 | € 3,232,883 | ▲ 22% |
| Profit after taxes | € 273,693 | € -2,105,699 | € -2,811,482 | € -2,532,284 | ▲ € 279,198 |
| Equity | € 24,344,441 | € 22,238,743 | € 20,598,116 | € 18,065,832 | ▼ 12% |
| Total debts | € 52,376,113 | € 57,193,312 | € 73,612,966 | € 73,129,258 | ▼ 1% |
| Cash | € 776,074 | € 102,002 | € 235,229 | € 236,596 | ▲ 1% |
| Land & buildings | € 58,640,590 | € 65,891,911 | € 68,760,820 | € 68,165,008 | ▼ 1% |
| Retained profit | € 5,934,172 | € 4,119,765 | € -1,419,835 | € -3,638,033 | ▼ € 2.2 million |
| Dividend | € 100,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 45,959,449 | € 49,691,173 | € 66,511,713 | € 65,634,643 | ▼ 1% |
| Balance sheet total | € 77,779,412 | € 80,437,149 | € 95,074,527 | € 92,004,772 | ▼ 3% |
Key figures of Life Tree Estate, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Life Tree Estate?
What happened at Life Tree Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mylecke NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.5 million. Source: NBB ↗
- Mylecke NV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 273,693 profit in 2022 to € 2.5 million loss in 2025.
Paid € 27,517 in corporate taxes since 2022.
Best year ever: 2022, with € 273,693 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
The stake of MYLECKE, DANRO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Life Tree EstateThe shares are held by MYLECKE (63.1%) and DANRO (24.3%).
Directors
According to the 2025 annual accounts
Managing director · represented by Danneels HENDRIK
Also active at: Life Tree Properties, Promotion and Building Company, MONIRO, NORTH BUILDINGS, SEA COAST BEL, NIEUWPOORTS PARKEREN, SEA COAST CONSTRUCTION, Porta Agatha +8 more
since 2019 · until 2032
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 48 box 10
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
All companies at this address →STRATTON RED
€ -4,898 gross margin · 2023
Horsum Digital
€ 1.3 million revenue · 2025
3d Partners
€ -1,875 gross margin · 2022
HEB
€ 14.4 million revenue · 2025
Malette
€ -7,753 gross margin · 2025
+82 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Website info
Features
Security
Details
- Company number
- 0423.465.673
- VAT number
- BE 0423.465.673
- Registered office
- Kortrijksesteenweg 48 bus 10, 9830 Sint-Martens-Latem
- Names & denominations
- Life Tree Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 November 1982
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- lifetreegroup.be
- Activities · NACE
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