3TEC
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033367.
Annual accounts 2025 filed on 05-02-2026 PDF all 6 filings
Turnover
≈ €330,000
Estimated: probably between €280,000 and €390,000
Total assets
€15.7m▲ 0.5%
2024 · €15.7m
Net result
€275,998▼ 55.5%
2024 · €620,412
Working capital
€13.7m▼ 7.1%
2024 · €14.8m
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€51,212
▼ 79.0%
2025
20202025
Net result
€275,998
▼ 55.5%
2025
highest quarter of the sector
20202025
Equity
€15.4m
▲ 1.0%
2025
highest quarter of the sector
20202025
Total assets
€15.7m
▲ 0.5%
2025
highest quarter of the sector
20202025
Debt
€283,871
▼ 20.0%
2025
20202025
Working capital
€13.7m
▼ 7.1%
2025
highest quarter of the sector
20202025
Solvency
98.2%
▲ 0.5pp
2025
highest quarter of the sector
20202025
Current ratio
50.38
▲ 5.94
2025
highest quarter of the sector
20202025
Return on assets (ROA)
1.8%
▼ 2.2pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.05m-€0.2m▲ 266%€0.2m▲ 1.4%€0.3m▲ 48.4%€0.2m▼ 5.3%€0.05m▼ 79.0%
Net result€0.1mabove the sector's middle half-€0.3mabove the sector's middle half▲ 105%€0.3mabove the sector's middle half▲ 3.5%€0.4mabove the sector's middle half▲ 28.9%€0.6mabove the sector's middle half▲ 77.0%€0.3mabove the sector's middle half▼ 55.5%
Equity€14.6mabove the sector's middle half-€14.6mabove the sector's middle half▲ 0.4%€14.7mabove the sector's middle half▲ 0.8%€14.9mabove the sector's middle half▲ 1.4%€15.3mabove the sector's middle half▲ 2.3%€15.4mabove the sector's middle half▲ 1.0%
Total assets€14.7mabove the sector's middle half-€14.9mabove the sector's middle half▲ 1.2%€15.0mabove the sector's middle half▲ 0.6%€15.2mabove the sector's middle half▲ 1.6%€15.7mabove the sector's middle half▲ 3.0%€15.7mabove the sector's middle half▲ 0.5%
Debt€0.1m-€0.2m▲ 83.7%€0.2m▼ 14.8%€0.2m▲ 16.2%€0.4m▲ 45.7%€0.3m▼ 20.0%
Working capital€14.5mabove the sector's middle half-€14.5mabove the sector's middle half▲ 0.1%€14.4mabove the sector's middle half▼ 0.4%€14.6mabove the sector's middle half▲ 1.0%€14.8mabove the sector's middle half▲ 1.3%€13.7mabove the sector's middle half▼ 7.1%
Solvency99.1%above the sector's middle half-98.3%above the sector's middle half▼ 0.7pp98.6%above the sector's middle half▲ 0.3pp98.4%above the sector's middle half▼ 0.2pp97.7%above the sector's middle half▼ 0.7pp98.2%above the sector's middle half▲ 0.5pp
Current ratio61.17above the sector's middle half75.46above the sector's middle half▲ 14.2964.08above the sector's middle half▼ 11.3844.44above the sector's middle half▼ 19.6550.38above the sector's middle half▲ 5.94
Return on assets (ROA)0.9%within the sector's middle half-1.8%within the sector's middle half▲ 0.9pp1.8%within the sector's middle half▲ 0.1pp2.3%within the sector's middle half▲ 0.5pp4.0%within the sector's middle half▲ 1.7pp1.8%below the sector's middle half▼ 2.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 79% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.7m
Fixed assets
€1.7m ▲ 226%
Current assets
€14.0m ▼ 7.4%
Equity and liabilities €15.7m
Equity
€15.4m ▲ 1.0%
Debt
€283,871 ▼ 20.0%
Debt's share of the balance-sheet total falls from 2.3% to 1.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,144▼
2024 · €245,267
Cash flow
€297,930▼
2024 · €621,596
Debt to equity
0.02▼
2024 · 0.02
ROE
1.8%▼
2024 · 4.1%
Interest coverage
0.79▼
2024 · 1.97
Debt ≤ 1 year
€278,028▼
2024 · €340,327
Income taxes
€76,094▼
2024 · €143,586
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2020 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,634 | €1,570 | €1,982 | - | €1.0m |
| Financial fixed assets | €88,500 | €185,500 | €51,000 | €160,000 | €201,500 |
| Depreciation and write-downs of the year | - | €430 | €542 | €1,184 | €21,932 |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €430 | €542 | €1,184 | €21,932 | ▲ 19× |
| Other operating charges640/8 | €1,472 | - | €459 | €980 | €1,075 | €122,552 | ▲ 114× |
| Gross operating margin9900 | €48,295 | €171,781 | €174,584 | €259,233 | €246,342 | €195,696 | ▼ 20.6% |
| Operating profit (loss)9901 | €46,823 | €171,300 | €173,696 | €257,712 | €244,082 | €51,212 | ▼ 79.0% |
| Financial income75/76B | €125,524 | - | €211,295 | €285,018 | €644,108 | €393,428 | ▼ 38.9% |
| Recurring financial income75 | €125,524 | €157,306 | €211,295 | €285,018 | €644,108 | €393,428 | ▼ 38.9% |
| Financial charges65/66B | €36,050 | - | €69,165 | €123,008 | €124,193 | €92,547 | ▼ 25.5% |
| Recurring financial charges65 | €36,050 | €44,282 | €69,165 | €123,008 | €124,193 | €92,547 | ▼ 25.5% |
| Profit (loss) for the period before taxes9903 | €136,297 | €284,324 | €315,826 | €419,722 | €763,998 | €352,092 | ▼ 53.9% |
| Income taxes67/77 | €8,286 | €21,548 | €43,891 | €69,278 | €143,586 | €76,094 | ▼ 47.0% |
| Profit (loss) for the period9904 | €128,011 | €262,775 | €271,935 | €350,444 | €620,412 | €275,998 | ▼ 55.5% |
| Profit (loss) for the period to be appropriated9905 | €128,011 | €262,775 | €271,935 | €350,444 | €620,412 | €275,998 | ▼ 55.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €14.7m | €14.9m | €15.0m | €15.2m | €15.7m | €15.7m | ▲ 0.5% |
| Fixed assets21/28 | €0.09m | €0.1m | €0.3m | €0.4m | €0.5m | €1.7m | ▲ 226% |
| Tangible fixed assets22/27 | - | - | €0.001m | €0.003m | €0.001m | €1.0m | ▲ 713× |
| Furniture and vehicles24 | - | - | €0.001m | €0.003m | €0.001m | €0.001m | ▼ 54.0% |
| Other tangible fixed assets26 | - | - | - | - | - | €1.0m | - |
| Financial fixed assets28 | €0.09m | €0.1m | €0.3m | €0.4m | €0.5m | €0.7m | ▲ 38.2% |
| Current assets29/58 | €14.6m | €14.7m | €14.6m | €14.8m | €15.1m | €14.0m | ▼ 7.4% |
| Amounts receivable after more than one year29 | €2.3m | - | €4.1m | €4.1m | €4.2m | €3.0m | ▼ 27.6% |
| Other amounts receivable291 | €2.3m | - | €4.1m | €4.1m | €4.2m | €3.0m | ▼ 27.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 21.4% |
| Trade receivables40 | €0.08m | - | €0.2m | €0.1m | €0.05m | €0.05m | ▲ 1.7% |
| Other amounts receivable41 | €0.2m | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 28.4% |
| Current investments50/53 | €3.5m | €3.5m | €4.2m | €7.8m | €10.1m | €6.6m | ▼ 34.7% |
| Cash at bank and in hand54/58 | €8.4m | €7.1m | €6.0m | €2.5m | €0.5m | €4.1m | ▲ 667% |
| Deferred charges and accrued income490/1 | €0.1m | - | €0.04m | €0.1m | €0.1m | €0.1m | ▼ 18.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €14.7m | €14.9m | €15.0m | €15.2m | €15.7m | €15.7m | ▲ 0.5% |
| Equity10/15 | €14.6m | €14.6m | €14.7m | €14.9m | €15.3m | €15.4m | ▲ 1.0% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | €0.08m | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | €0.08m | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €14.5m | €14.5m | €14.7m | €14.9m | €15.2m | €15.4m | ▲ 1.0% |
| Non-distributable reserves130/1 | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | €14.4m | - | €14.6m | €14.8m | €15.2m | €15.3m | ▲ 1.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.3m | ▼ 20.0% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 18.3% |
| Trade debts44 | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 535% |
| Suppliers440/4 | - | - | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 535% |
| Taxes, remuneration and social security45 | €2 | - | €0.02m | €0.05m | €0.03m | €304 | ▼ 98.9% |
| Taxes450/3 | €2 | - | €0.02m | €0.05m | €0.03m | €304 | ▼ 98.9% |
| Other amounts payable47/48 | €0.1m | - | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 48.3% |
| Accrued charges and deferred income492/3 | €0.004m | - | €0.02m | €0.01m | €0.01m | €0.006m | ▼ 60.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.3m | €0.3m | €0.4m | €0.6m | €0.3m | ▼ 55.5% |
| + Depreciation and write-downs630 | - | - | €430 | €0.001m | €0.001m | €0.02m | ▲ 19× |
| Operating cash flow (approximation) | €0.1m | €0.3m | €0.3m | €0.4m | €0.6m | €0.3m | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | -€0.04m | -€0.2m | -€0.05m | -€0.2m | -€1.2m | ▼ 662% |
| Change in cash | - | -€1.2m | -€1.2m | -€3.5m | -€2.0m | €3.5m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 175 companies had the same profile as 3TEC has now. Two years later, 95.4% were still going and 0.0% had gone bankrupt.
- Medium-sized
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.4%
was still going
4.6%
stopped otherwise
0.0%
went bankrupt
That fits the bankruptcy probability of 3TEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 175 companies, not a prediction for 3TEC. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 05-02-2026 | 2026-00033367 | |
| 30-06-2024 | micro format | 06-01-2025 | 2025-00630388 | |
| 30-06-2023 | micro format | 14-02-2024 | 2024-00030066 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00008694 | |
| 30-06-2021 | micro format | 15-02-2022 | 2022-05700380 | |
| 30-06-2020 | micro format | 16-02-2021 | 2021-05500566 |