Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
APPLETREE from Brugge, company number BE0509994029, closed financial year 2024 with a result of € 497,387 after tax. For that financial year APPLETREE recorded a gross margin of € 644,737 and equity of € 1 million. Compared with financial year 2023, the result moved from € 60,253 to € 497,387. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 23, 2025.
€ 1 million
▼ 24% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 497,387
▲ € 437,133 vs 2023
Profit after tax over the fiscal year.
€ 258
▼ 76% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 515,330.
People and assets in 2024
€ 1.9 million
▼ 2% vs 2023
Of which on lease € 1.9 million.
Debts at end 2024
€ 1.8 million
▼ 20% vs 2023
€ 146,742 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1.3 million
▼ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 73,498
▼ 44% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 167,805 | € 199,394 | € 232,413 | € 644,737 | ▲ 177% |
| Profit after taxes | € 32,661 | € 5,162 | € 60,253 | € 497,387 | ▲ € 437,133 |
| Equity | € 482,528 | € 487,690 | € 1,367,943 | € 1,045,330 | ▼ 24% |
| Total debts | € 2,747,346 | € 3,051,267 | € 4,779,974 | € 4,396,439 | ▼ 8% |
| Cash | € 155 | € 5,827 | € 1,066 | € 258 | ▼ 76% |
| Land & buildings | € 1,171,206 | € 764,091 | € 2,368,556 | € 2,350,064 | ▼ 1% |
| Retained profit | € -47,472 | € -42,310 | € 17,943 | € 515,330 | ▲ € 497,387 |
| Bank debt | € 2,059,710 | € 2,323,257 | € 2,222,656 | € 1,769,459 | ▼ 20% |
| Balance sheet total | € 3,694,011 | € 3,998,083 | € 6,602,031 | € 5,890,870 | ▼ 11% |
| Employees (FTE) | 0.7 | 0.7 | 0 | - |
Key figures of APPLETREE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to APPLETREE?
What happened at APPLETREE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 497,387 (▲ € 437,133 vs 2023). filed late Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,661 profit in 2021 to € 497,387 profit in 2024.
Paid € 8,730 in corporate taxes since 2021.
Best year ever: 2024, with € 497,387 profit.
Management
Behind APPLETREE is Greet Dewaele. Greet Dewaele is also behind Hill House.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Scheepsdalelaan 51 A
8000 Brugge
Scheepsdalelaan 51 box A
8000 Brugge
Active since 20 February 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0509.994.029
- VAT number
- BE 0509.994.029
- Registered office
- Scheepsdalelaan 51 A, 8000 Brugge
- Names & denominations
- APPLETREE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2013
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis