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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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NEWTREE from Watermaal-Bosvoorde, company number BE0474468867, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year NEWTREE recorded a gross margin of € -393,312 and equity of € 24.4 million. Compared with financial year 2024, the result moved from € -1.9 million to € -2.9 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 24.4 million
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ 52 % more loss than in 2024
Profit after tax over the fiscal year.
€ 278,010
▲ 142% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.4 million.
People and assets in 2025
2.3
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 145,377
▲ 12% vs 2024
€ 63,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,319
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 77,047
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,715
▼ 60% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -138,573 | € -303,020 | € -332,616 | € -393,312 | ▼ € 60,697 |
| Profit after taxes | € -183,479 | € -294,589 | € -1,890,283 | € -2,869,158 | ▼ € 978,875 |
| Equity | € 8,423,233 | € 12,408,868 | € 17,275,559 | € 24,406,401 | ▲ 41% |
| Total debts | € 21,733 | € 22,710 | € 99,481 | € 356,888 | ▲ 259% |
| Cash | € 708,798 | € 1,627,754 | € 114,768 | € 278,010 | ▲ 142% |
| Retained profit | € -380,837 | € -675,426 | € -2,565,710 | € -5,434,868 | ▼ € 2.9 million |
| Balance sheet total | € 8,444,966 | € 12,431,579 | € 17,375,039 | € 24,763,288 | ▲ 43% |
| Employees (FTE) | 0.8 | 0.4 | 1.9 | 2.3 | ▲ 0.4 |
Key figures of NEWTREE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NEWTREE?
What happened at NEWTREE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- WHITESTONE GROUP stepped down as director. NBB
- Thibaud DE SAINT-QUENTIN stepped down as director. NBB
- Michael BAUM stepped down as director. NBB
- Bruno COLMANT stepped down as director. NBB
- Udaiyan JATAR stepped down as director. NBB
- Raymond VAXELAIRE stepped down as director. NBB
- TREETOP stepped down as director. NBB
In short
From € 183,479 loss in 2022 to € 2.9 million loss in 2025.
Paid € 277 in corporate taxes since 2022.
Management
The stake of NOSHAQ, Whitestone Group, IMBC SPINNOVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NEWTREEThe shares are held by NOSHAQ (18.3%), Whitestone Group (12.3%) and IMBC SPINNOVA (11.6%). It owns 100% of NEWTREE GROUP itself.
Directors
According to the 2025 annual accounts
Director · represented by Frédéric Pouchain
Also active at: ATIMA-TPIM, TILMAN, ISO - TECH BELGIUM, Emulco, EMAsphere, TREESTONE, WHITESTONE PROPERTIES, GFIN +7 more
since 2025 · until 2026
Thibaud DE SAINT-QUENTIN
Director
since 2025 · until 2026
Michael BAUM
Director
since 2025 · until 2026
Bruno COLMANT
Director
Also active at: SOCIETE D'INVESTISSEMENT DE MONS, DU BORINAGE ET DU CENTRE, IMBC 2020, HOLDING FINANCIERE DU PONANT, IMBC CAPITAL RISQUE, BRUNO COLMANT ACADEMIC, IMBC.FIVE
since 2025 · until 2026
Udaiyan JATAR
Director
since 2025 · until 2026
Raymond VAXELAIRE
Director
since 2025 · until 2026
Managing director · represented by Benoît de Bruyn
since 2025 · until 2026
since 2025 · until 2026
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Vorstlaan 24
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →TAG BELGIUM
€ 981,306 gross margin · 2024
ASSOCIATION DU BRABANT DES ENTREPRENEURS GENERAUX - BRABANTS VERBOND DER ALGEMENEAANNEMERS
MASTER SWITCH
€ 6,690 gross margin · 2025
Maison Des Entrepreneurs - Aannemershuis
€ 3.8 million gross margin · 2025
IMMO M.C.H.
€ 227,731 gross margin · 2025
+64 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
OVH DNS
Domain
Domain
newtreeimpact.com
Registered
2021-06-08
Registrar
OVH, SAS
Expires
2026-06-08
Website info
Features
Security
Network
Details
- Company number
- 0474.468.867
- VAT number
- BE 0474.468.867
- Registered office
- Vorstlaan 24, 1170 Watermaal-Bosvoorde
- Names & denominations
- NEWTREE · NEW3 · NEWTREE IMPACT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2001
- Peppol
- Active · Active since 26 Dec 2025
- Contact
- newtreeimpact.com [email protected]
- Activities · NACE
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