Checked.be
Active
BE 0687.946.863Private limited company (pre-2019)Open bankruptcy
3eQual
Nijverheidsstraat 70 ·2160 Wommelgem, Belgium· 8 yrs active
Sector: Retail sale of household furniture
(47551)
Conclusion
A bankruptcy procedure is open for 3eQual according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €61k and a net result of €96k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €61k |
| Net result | €96k |
| Staff (FTE) | 1.7 |
| Better than sector | 30% |
Financial profile
44
/ 100
Fragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
100
Solvency
24
Growth
78
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
16
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
25
2019
48
2020
81
2021
27
2022
76
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.27 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.23 (≥ 1.0)
+5
Leverage
Debt/equity 8.59 (> 3.0)
-10
Profitability
ROE 158% (≥ 10%)
+10
Interest coverage
Interest coverage 14.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-03-2025 with the NBB · fiscal year 2023 · micro schema
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.4% | 31.5% | |
| Net result | €96k | €4k | |
| Equity | €61k | €38k | |
| Gross operating margin | €192k | €31k | |
| Staff costs | €67k | €37k |
€124k
-
19-23
€96k
-
19-23
€123k
-
19-23
€584k
+34.1%
19-23
€61k
-
19-23
€102k
+764.6%
19-23
2
-5.6%
19-23
€67k
-28.3%
19-23
€133
-96.5%
19-23
€523k
+11.1%
19-23
€374k
+29.2%
19-23
€149k
-17.9%
19-23
1.27
+22.3%
19-23
1.23
+48.9%
19-23
10.4%
-
19-23
8.59
-
19-23
158.4%
-67.5%
19-23
16.5%
-
19-23
14.59
-
19-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €124k | €-153k | €180k | €61k | €-76k |
| Net profit | €96k | €-173k | €160k | €-123k | €-162k |
| Cash flow | €123k | €-141k | €192k | €-91k | €-100k |
| Staff costs | €67k | €94k | €74k | - | - |
| Income taxes | - | €133 | €4k | €104 | €432 |
| Dividends | - | - | - | - | - |
| Total assets | €584k | €436k | €640k | €345k | €293k |
| Equity | €61k | €-36k | €137k | €-22k | €-62k |
| Debt | €523k | €471k | €503k | €367k | €355k |
| of which ≤ 1y | €374k | €290k | €290k | €139k | €96k |
| of which > 1y | €149k | €181k | €213k | €228k | €258k |
| Working capital | €102k | €12k | €186k | €12k | €-13k |
| Employees (FTE) | 1.7 | 1.8 | 1.6 | 0.7 | 0.6 |
Ratios (computed)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 1.27 | 1.04 | 1.64 | 1.09 | 0.86 |
| Quick ratio | 1.23 | 0.83 | 1.41 | 0.93 | 0.80 |
| Working capital ratio | 17.5% | 2.7% | 29.0% | 3.6% | -4.6% |
| Solvency | 10.4% | -8.2% | 21.5% | -6.4% | -21.2% |
| Debt / equity | 8.59 | -13.26 | 3.66 | -10.28 | -4.16 |
| Long-term debt ratio | 2.45 | -5.10 | 1.55 | -10.28 | -4.16 |
| Interest coverage | 14.59 | -17.33 | 15.74 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.5% | -39.7% | 24.9% | -35.5% | -55.5% |
| ROE | 158.4% | 486.6% | 116.2% | 551.9% | 261.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €584k | €436k | €640k | €345k | €293k |
| Fixed assets | 21/28 | €108k | €134k | €165k | €194k | €210k |
| Intangible fixed assets | 21 | - | - | €5k | €9k | €14k |
| Tangible fixed assets | 22/27 | €82k | €109k | €135k | €159k | €183k |
| Financial fixed assets | 28 | €26k | €26k | €26k | €25k | €13k |
| Current assets | 29/58 | €477k | €302k | €476k | €151k | €83k |
| Stocks & contracts in progress | 3 | €16k | €62k | €66k | €22k | €6k |
| Amounts receivable within one year | 40/41 | €455k | €227k | €317k | €29k | €76k |
| Cash & bank | 54/58 | €5k | €10k | €91k | €100k | €511 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €584k | €436k | €640k | €345k | €293k |
| Equity | 10/15 | €61k | €-36k | €137k | €-22k | €-62k |
| Contributions / capital | 10/11 | €100k | €100k | €100k | €100k | €100k |
| Reserves | 13 | €37k | €37k | €37k | €321 | €321 |
| Accumulated profits (losses) | 14 | €-77k | €-173k | - | €-123k | €-162k |
| Amounts payable | 17/49 | €523k | €471k | €503k | €367k | €355k |
| Amounts payable after one year | 17 | €149k | €181k | €213k | €228k | €258k |
| Amounts payable within one year | 42/48 | €374k | €290k | €290k | €139k | €96k |
| Trade debts payable within one year | 44 | €145k | €136k | €181k | €35k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €192k | €-52k | €260k | €97k | €-22k |
| Operating result | 9901 | €97k | €-185k | €148k | €29k | €-137k |
| Financial income | 75 | €8k | €21k | €27k | €23k | €2k |
| Financial charges | 65 | €8k | €9k | €11k | €12k | €26k |
| Result before taxes | 9903 | €96k | €-173k | €163k | €40k | €-162k |
| Income taxes | 67/77 | - | €133 | €4k | €104 | €432 |
| Net result for the period | 9904 | €96k | €-173k | €160k | €40k | €-162k |
| Result to be appropriated | 9905 | €96k | €-173k | €160k | €40k | €-162k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS DEBAENE KONINKLIJKE LAAN 60,
2600 BERCHEM (ANTWERPEN) |
15-05-2025 → present |
Legal Structure
| NACE primary | Retail sale of household furniture(47551) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 15-01-2018 |
| Status | Active |
| Postal code | 2160 |
| First insolvency signal | 21-05-2025 |
| Latest insolvency signal | 21-05-2025 |
Establishment units
3eQual
since 20182.271.747.720
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 11001B0343/00T004 | Flanders | 3,791 m² | 1 · 2,667 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
21-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · 3EQUAL BVBA NIJVERHEIDS- STRAAT 70, 2160 WOMMELGEM · event 15-05-2025
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 236 days late
2024
21-10
State Gazette act
Registered-office change
2023
31-12
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Weakest financial yearnet €-173k ▼208%
Net result drops to €-173k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Back to profitnet €160k
Net result €160k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €137k
Equity rises from €-22k to €137k.
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 130 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
21-05-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
21-10-2024
Registered-office move
All acts · 1
updated 1 year ago
2024
21-10-2024 Registered office moved from Aartselaar to Wommelgem
- Boomsesteenweg 71 B, 2630 Aartselaar → Nijverheidsstraat 70, 2160 Wommelgem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Nijverheidsstraat 70, 2160 Wommelgem",
"city": "Wommelgem",
"region": "vlaams_gewest",
"street": "Nijverheidsstraat",
"country": "BE",
"postcode": "2160",
"box_number": null,
"street_number": "70",
"locality_suffix": null
},
"old_address": {
"raw": "Boomsesteenweg 71 B, 2630 Aartselaar",
"city": "Aartselaar",
"region": "vlaams_gewest",
"street": "Boomsesteenweg",
"country": "BE",
"postcode": "2630",
"box_number": "B",
"street_number": "71",
"locality_suffix": null
},
"effective_date": "2024-07-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-10-21",
"filing_date": "2024-10-08",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bevoegde_bestuursorgaan",
"date": "2024-06-17",
"unanimous": null
},
"subject_company": {
"kbo": "0687.946.863",
"name_full": "3eQual",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": "0677.830.753",
"org_name": "BV FISCALISO",
"person_name": "Sohrab Tabrizi",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Retail sale of household furniture47551Retail trade47591
Names & trade names
| Legal nameNL | 3eQual |
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