3xC
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00102663.
Annual accounts 2025 filed on 05-05-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 132% higher than in 2024 and the highest since 2023. It is the second rise 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.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €14,585 | €9,797 | €14,163 |
| Depreciation and write-downs of the year | €1,856 | €4,469 | €5,843 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,856 | €4,469 | €5,843 | ▲ 30.7% |
| Other operating charges640/8 | €173 | €115 | €866 | ▲ 653% |
| Gross operating margin9900 | €2,778 | €6,592 | €11,377 | ▲ 72.6% |
| Operating profit (loss)9901 | €748 | €2,008 | €4,668 | ▲ 132% |
| Financial income75/76B | - | €123 | €270 | ▲ 120% |
| Recurring financial income75 | - | €123 | €270 | ▲ 120% |
| Financial charges65/66B | €740 | €2,138 | €2,883 | ▲ 34.8% |
| Recurring financial charges65 | €740 | €2,138 | €2,883 | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | €8 | -€7 | €2,056 | - |
| Income taxes67/77 | - | €236 | €422 | ▲ 78.7% |
| Profit (loss) for the period9904 | €8 | -€243 | €1,634 | - |
| Profit (loss) for the period to be appropriated9905 | €8 | -€243 | €1,634 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32,193 | €30,249 | €52,100 | ▲ 72.2% |
| Fixed assets21/28 | €12,728 | €18,056 | €26,377 | ▲ 46.1% |
| Tangible fixed assets22/27 | €12,728 | €18,056 | €26,377 | ▲ 46.1% |
| Plant, machinery and equipment23 | €12,728 | €18,056 | €26,377 | ▲ 46.1% |
| Current assets29/58 | €19,465 | €12,193 | €25,723 | ▲ 111% |
| Stocks and contracts in progress3 | €5,829 | €6,336 | €0 | ▼ 100% |
| Stocks30/36 | €5,829 | €6,336 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €9,018 | €3,670 | €5,963 | ▲ 62.5% |
| Trade receivables40 | €7,083 | €3,010 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,936 | €660 | €5,963 | ▲ 804% |
| Cash at bank and in hand54/58 | €4,617 | €2,188 | €19,760 | ▲ 803% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32,193 | €30,249 | €52,100 | ▲ 72.2% |
| Equity10/15 | €10,008 | €9,765 | €11,398 | ▲ 16.7% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €8 | €8 | €1,398 | ▲ 177× |
| Distributable reserves133 | €8 | €8 | €1,398 | ▲ 177× |
| Profit (loss) carried forward14 | - | -€243 | €0 | - |
| Amounts payable17/49 | €22,185 | €20,485 | €40,701 | ▲ 98.7% |
| Amounts payable within one year42/48 | €21,599 | €19,274 | €39,553 | ▲ 105% |
| Trade debts44 | €4,946 | €3,401 | €9,759 | ▲ 187% |
| Suppliers440/4 | €4,946 | €3,401 | €9,759 | ▲ 187% |
| Advances received on contracts in progress46 | - | - | €3,025 | - |
| Taxes, remuneration and social security45 | - | €236 | €3,884 | ▲ 16× |
| Taxes450/3 | - | €236 | €3,884 | ▲ 16× |
| Other amounts payable47/48 | €16,653 | €15,636 | €22,886 | ▲ 46.4% |
| Accrued charges and deferred income492/3 | €586 | €1,211 | €1,148 | ▼ 5.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8 | -€243 | €1,634 | - |
| + Depreciation and write-downs630 | €1,856 | €4,469 | €5,843 | ▲ 30.7% |
| Operating cash flow (approximation) | €1,864 | €4,226 | €7,477 | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | -€9,797 | -€14,163 | ▼ 44.6% |
| Change in cash | - | -€2,429 | €17,572 | - |
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, 2,542 companies had the same profile as 3xC has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 3xC itself: 1.3% 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 2,542 companies, not a prediction for 3xC. 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.