Equity
€150,090 ▲ 30.5%
3PAS paid out €15,000 in dividends. That is 30% of the 2025 profit.
3PAS
Lifetime
13 annual accounts with figures on one time axispeak €83,931 (2025)
€83,931▲ 123%
lowest -€2,760 (2019)
€50,036▲ 375%
peak €150,090 (2025)
€150,090▲ 30.5%
€9,556▼ 97.1%
Board1 name since 2023
1 directorHILLEWIG Karel
Documentsfilings and deeds
30-05-202630 days late
2025micro format
Gross margin from €37,618 to €83,931Result from €10,527 to €50,036Dividend €15,000Equity from €115,054 to €150,090Debts from €329,278 to €9,556Investments €25,409
Key points
from the 2025 annual accountsTurnover
≈ €330,000 estimated
The micro format states no turnover.
Investments
€25,409 3.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
12.60 was 3.54 in 2024
Short-term debts fell from €119,138 to €9,556.
Filings
13 annual accounts since 2013
Two of the last ten came late. The 2025 accounts came latest: 30 days after the end of the period.
Position in the sector
94.0%
Higher solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
99
Excellent
Financially stronger than 89% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▲ +0.3 percentage points vs 04-2025
06-2025: 0.7%▼ -0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.8%▲ +0.1 percentage points vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.2 percentage points vs 03-2026
05-2026: 1.4%▲ +0.5 percentage points vs 04-2026highest value
06-2026: < 0.1%▼ -1.4 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 12.60, cash €108,680
Equity €150,090 (94.0% of total assets)
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 92% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as 3PAS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of 3PAS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for 3PAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.6 (3.54 in 2024), above the usual 1.5. Short-term debt is 6% and cash 68.1% of total assets. 6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-05-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 days late
2024
5 days late
2023
on the day
2022
on the day
2021
3 days early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849465226
Change of role: HILLEWIG Karel, from manager to director
Director discharge: HILLEWIG Karel · Gazette deed
Incorporation
published on 19-10-2012 · Gazette deed
First establishment
3PAS BVBA, Bankveldstraat 33, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| 3PAS Dendermonde | €159,646 | €83,931 | 94.0% | - |
| Meyvis Consulting, Services and Manufacturing Hemiksem | €134,758 | €72,145 | 86.1% | - |
| Belgo Facilities Grimbergen | €159,084 | €112,309 | 20.2% | - |
| GSCH Woluwe-Saint-Lambert | €190,911 | €54,633 | 94.9% | - |
| Ateres Retie | €174,339 | €58,253 | 84.2% | - |
| EDS CABLING Temse | €233,729 | €120,507 | 30.9% | - |
| Strickaert Peter Sint-Lievens-Houtem | €268,735 | €73,439 | 90.7% | - |
These companies have the same main activity as 3PAS: electrical installation work in industrial facilities (NACE 43212). They are comparable in size and age: total assets between €135,000 and €269,000, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 10-10-2012Normal situation
- Activity
- Electrical installation work in industrial facilitiesNACE 43212and 3 others
- Establishment unit
- 2.213.799.2279200 Dendermonde, since 10-10-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 23-09-2025
Insights on 3PAS
3PAS files the micro format. That format states no turnover. The gross margin rose from €51,612 in 2013 to €83,931 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about 3PAS
- What is the company number of 3PAS?
- The company number of 3PAS is 0849.465.226. The VAT number is the same number with BE in front: BE 0849.465.226.
- Where is 3PAS based?
- The registered office is at Bankveldstraat 33, 9200 Dendermonde.Company details
- What does 3PAS do?
- According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
- What is the legal form of 3PAS?
- 3PAS is a private limited company (BV).
- When was 3PAS founded?
- 3PAS was founded on 10-10-2012.
- Is 3PAS still active?
- Yes, 3PAS is an active enterprise in the KBO register.
- What is the turnover of 3PAS?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €83,931 and 105 comparable companies (NACE 432). It probably lies between €240,000 and €480,000.Financials
- Is 3PAS profitable?
- In financial year 2025, 3PAS made a profit of €50,036.
- Where can I find the annual accounts of 3PAS?
- 3PAS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of 3PAS due?
- 3PAS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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