Financials
- Financial year
- 2024
- Total assets
- €59,656
- Loss
- -€35,702
- Solvency
- 2.5%
Total assets▼ 10.5%
Net result
20212024
3 BROTHERS
ActiveSummary
The computed 12-month bankruptcy probability of 3 BROTHERS is 9.8% (elevated). The annual accounts of 3 BROTHERS for financial year 2024 show a net loss of 60% of total assets and of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €1,473 and a net result of -€35,702. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 29% of 18,735 sector peers (NACE 56, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Full-service restaurants NACE 56111
1 site
Size
€59,656total assets 2024
- Equity
- €1,473
- Loss
- -€35,702
Turnover not published (micro format)
Structure
Accounts 80 days overdue0 of 1 deed read
Why 31raises risk1 financial year not filed after the legal deadline; latest accounts 57 days late; 3 of the last 3 lateEx-officio strike-off in the KBOFigures for financial year 2024 (filed 26-09-2025)lowers riskLiquidity: current ratio 1.02, cash €47,311Show the evidence
Checked score
Score 2024
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 23% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
27-54
equity 2.5% of total assets
Liquidity
50-29
short-term debt 97.5% · cash 79.3%
Profitability
0-81
return on assets -59.8%
Bankruptcy probability, 12 months
9.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.9%
12-2024: 9.1%▲ +2.2 percentage points vs 11-2024
01-2025: 3.6%▼ -5.5 percentage points vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.6%● unchanged vs 02-2025
04-2025: 3.7%▲ +0.1 percentage points vs 03-2025
05-2025: 3.7%● unchanged vs 04-2025
06-2025: 3.6%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 3.6%● unchanged vs 06-2025
08-2025: 4.7%▲ +1.1 percentage points vs 07-2025
09-2025: 5.3%▲ +0.6 percentage points vs 08-2025
10-2025: 8.1%▲ +2.8 percentage points vs 09-2025
11-2025: 8.1%● unchanged vs 10-2025
12-2025: 8.1%● unchanged vs 11-2025
01-2026: 7.5%▼ -0.6 percentage points vs 12-2025
02-2026: 7.5%● unchanged vs 01-2026
03-2026: 7.5%● unchanged vs 02-2026
04-2026: 7.4%▼ -0.1 percentage points vs 03-2026
05-2026: 6.6%▼ -0.8 percentage points vs 04-2026
06-2026: 6.6%● unchanged vs 05-2026
07-2026: 6.6%● unchanged vs 06-2026
08-2026: 7.8%▲ +1.2 percentage points vs 07-2026
09-2026: 8.4%▲ +0.6 percentage points vs 08-2026
10-2026: 9.8%▲ +1.4 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.02, compared with 2.25 in 2023, below the usual 1.5; short-term debt: 97.5% and cash: 79.3% of total assets), and 97.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 27% on solvency, 49% on liquidity, 8% on profitability and 8% on growth.
The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 80 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline19-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
57 days late
2023
139 days late
2022
67 days late
2021
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 83 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€35,702
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2022
- 19-04-2024UBO non-compliance
- 06-10-2023Annual accounts filed
- 06-10-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 03-10-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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