3B structure
ActiveSummary
3B structure has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,947 and a net result of €46,968. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-8
Solvency30▼-4
Growth74=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.77 in 2024; short-term debt: 39.4% and cash: 0.5% of total assets), and 94.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.3%
Return on assets
14%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9511 sector peers (2025).
NBB · sector comparisonPosition among 9511 sector peers
Solvency
better than 12%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €17,947
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 10 filingsDeviation from the deadline
2025
46 d late
2024
83 d late
2023
84 d late
2022
156 d late
2021
45 d late
2020
121 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€137,736▲ 41.6%
2020 · €97,254
EBIT margin
9.3%▲ 10.9pp
2020 · -1.6%
Net result
€46,968▲ 36.3%
2024 · €34,454
Working capital
-€50,848▼ 241%
2024 · -€14,900
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€137,736▲ 41.6%
Operating result€12,827-€2,581€26,562€48,634▲ 83.1%€57,095▲ 17.4%
Net result€8,968-€5,104€17,601€34,454▲ 95.7%€46,968▲ 36.3%
EBIT margin9.3%▲ 10.9pp
Equity-€3,973▲ 27.0%-€9,077▼ 128%€1,524€15,979▲ 948%€17,947▲ 12.3%
Total assets€118,264▲ 3.8%€100,003▼ 15.4%€135,794▲ 35.8%€170,844▲ 25.8%€335,485▲ 96.4%
Debt€122,237▲ 2.4%€109,080▼ 10.8%€134,270▲ 23.1%€154,865▲ 15.3%€317,539▲ 105%
Working capital-€6,145▲ 47.0%-€8,158▼ 32.8%€4,279-€14,900-€50,848▼ 241%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,485
Fixed assets
€254,038 ▲ 109%
Current assets
€81,447 ▲ 66.1%
Equity and liabilities €335,485
Equity
€17,947 ▲ 12.3%
Debt
€317,539 ▲ 105%
Debt's share of the balance-sheet total rises from 90.6% to 94.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83,415▲
2024 · €66,270
Cash flow
€73,288▲
2024 · €52,090
Current ratio
0.62▼
2024 · 0.77
Debt to equity
17.69▲
2024 · 9.69
ROE
261.7%▲
2024 · 215.6%
ROA
14.0%▼
2024 · 20.2%
Interest coverage
13.48▼
2024 · 23.63
Debt ≤ 1 year
€132,295▲
2024 · €63,946
Debt > 1 year
€180,524▲
2024 · €89,192
Income taxes
€3,941▼
2024 · €11,375
Staff costs
€2,450▲
2024 · €2,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €137,736 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €111,946 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €2,450 | €2,233 | €2,051 | €2,403 | €2,450 | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,486 | €8,236 | €8,027 | €17,636 | €26,320 | ▲ 49.2% |
| Other operating charges640/8 | €2,027 | €948 | €5,268 | €1,944 | €10,193 | ▲ 424% |
| Gross operating margin9900 | €25,790 | €8,836 | €41,908 | €70,618 | €96,058 | ▲ 36.0% |
| Operating profit (loss)9901 | €12,827 | -€2,581 | €26,562 | €48,634 | €57,095 | ▲ 17.4% |
| Financial income75/76B | - | €0 | - | €0 | €1 | ▲ 7,700% |
| Recurring financial income75 | - | €0 | - | €0 | €1 | ▲ 7,700% |
| Financial charges65/66B | €2,481 | €2,403 | €2,201 | €2,805 | €6,187 | ▲ 121% |
| Recurring financial charges65 | €2,481 | €2,403 | €2,201 | €2,805 | €6,187 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €10,347 | -€4,984 | €24,361 | €45,829 | €50,909 | ▲ 11.1% |
| Income taxes67/77 | €1,378 | €120 | €6,760 | €11,375 | €3,941 | ▼ 65.4% |
| Profit (loss) for the period9904 | €8,968 | -€5,104 | €17,601 | €34,454 | €46,968 | ▲ 36.3% |
| Profit (loss) for the period to be appropriated9905 | €8,968 | -€5,104 | €17,601 | €34,454 | €46,968 | ▲ 36.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,264 | €100,003 | €135,794 | €170,844 | €335,485 | ▲ 96.4% |
| Fixed assets21/28 | €93,760 | €85,524 | €79,508 | €121,798 | €254,038 | ▲ 109% |
| Tangible fixed assets22/27 | €93,260 | €85,024 | €79,008 | €121,298 | €96,738 | ▼ 20.2% |
| Land and buildings22 | €82,877 | €76,518 | €70,160 | €63,802 | €57,443 | ▼ 10.0% |
| Furniture and vehicles24 | €10,384 | €8,506 | €7,132 | €51,623 | €34,304 | ▼ 33.5% |
| Other tangible fixed assets26 | - | - | €1,715 | €5,873 | €4,991 | ▼ 15.0% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €157,300 | ▲ 31,360% |
| Current assets29/58 | €24,504 | €14,479 | €56,286 | €49,046 | €81,447 | ▲ 66.1% |
| Amounts receivable within one year40/41 | €4,981 | €4,469 | €29,863 | €12,076 | €4,678 | ▼ 61.3% |
| Trade receivables40 | €4,981 | - | €24,571 | €10,406 | €2,674 | ▼ 74.3% |
| Other amounts receivable41 | €0 | €4,469 | €5,291 | €1,670 | €2,004 | ▲ 20.0% |
| Current investments50/53 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Cash at bank and in hand54/58 | €18,709 | €6,471 | €22,924 | €33,098 | €1,649 | ▼ 95.0% |
| Deferred charges and accrued income490/1 | €814 | €38 | - | €371 | €71,620 | ▲ 19,193% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,264 | €100,003 | €135,794 | €170,844 | €335,485 | ▲ 96.4% |
| Equity10/15 | -€3,973 | -€9,077 | €1,524 | €15,979 | €17,947 | ▲ 12.3% |
| Reserves13 | €765 | €765 | €765 | €5,765 | €5,765 | = |
| Non-distributable reserves130/1 | €765 | €765 | €765 | €765 | €765 | = |
| Reserves not available under the articles1311 | €765 | €765 | €765 | €765 | €765 | = |
| Distributable reserves133 | - | - | - | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€4,738 | -€9,842 | €760 | €10,214 | €12,182 | ▲ 19.3% |
| Amounts payable17/49 | €122,237 | €109,080 | €134,270 | €154,865 | €317,539 | ▲ 105% |
| Amounts payable after more than one year17 | €90,753 | €86,028 | €81,593 | €89,192 | €180,524 | ▲ 102% |
| Financial debts170/4 | €90,753 | €86,028 | €81,593 | €89,192 | €180,524 | ▲ 102% |
| Amounts payable within one year42/48 | €30,649 | €22,637 | €52,007 | €63,946 | €132,295 | ▲ 107% |
| Current portion of amounts payable after more than one year42 | €4,619 | €4,725 | €4,435 | €13,078 | €30,642 | ▲ 134% |
| Trade debts44 | €7,568 | €5,114 | €13,836 | - | - | - |
| Suppliers440/4 | €7,568 | €5,114 | €472 | - | - | - |
| Bills of exchange payable441 | - | - | €13,364 | - | - | - |
| Taxes, remuneration and social security45 | €18,462 | €12,798 | €26,736 | €36,868 | €47,654 | ▲ 29.3% |
| Taxes450/3 | €15,720 | €10,055 | €26,736 | €36,868 | €44,654 | ▲ 21.1% |
| Remuneration and social security454/9 | €2,743 | €2,743 | - | - | €3,000 | - |
| Other amounts payable47/48 | - | - | €7,000 | €14,000 | €54,000 | ▲ 286% |
| Accrued charges and deferred income492/3 | €835 | €415 | €670 | €1,727 | €4,719 | ▲ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,968 | -€5,104 | €17,601 | €34,454 | €46,968 | ▲ 36.3% |
| + Depreciation and write-downs630 | €8,486 | €8,236 | €8,027 | €17,636 | €26,320 | ▲ 49.2% |
| Operating cash flow (approximation) | €17,454 | €3,132 | €25,628 | €52,090 | €73,288 | ▲ 40.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2,010 | -€59,926 | -€158,560 | ▼ 165% |
| Change in cash | - | -€12,238 | €16,452 | €10,175 | -€31,449 | ▼ 409% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Highest result since 2018net €46,968 ▲36.3%
Operating result €57,095, net result €46,968, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 156 days late
2023
31-12
Financial
Back to profitnet €17,601
Net result €17,601 after one loss-making year.
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 45 days late
2021
31-12
Financial
Back to profitnet €8,968
Net result €8,968 after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 121 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Back to profitnet €6,093
Net result €6,093 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Namur · 1 establishment unit since 2010
Ground area
258 m²
Building footprint
50 m²
Volume, LiDAR
391 m³
Parcel 92302G0579/00V002, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Travail 114B, 5000 Namur
since 20102.200.799.148
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0579/00V002 | Wallonia | 258 m² | 1 · 50 m² | 9.6 m · 3 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 3,821 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
Founded13-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.