A3
ActiveSummary
A3 has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-850) and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency23▼-37
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 1.22 in 2024; short-term debt: 102.3% and cash: 25.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
-60.8%
Age of the figures
12 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-850
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
1 d early
2023
39 d early
2022
39 d early
2021
45 d early
2020
46 d early
2019
90 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-850
2024 · €22k
2018: €11k
2019: €12k▲ +13.5% vs 2018
2020: €8k▼ -37.8% vs 2019
2021: €-17k▼ -323% vs 2020
2022: €-46k▼ -165% vs 2021lowest in 8 years
2023: €-23k▲ +50.5% vs 2022
2024: €22k▲ +197% vs 2023highest in 8 years
2025: €-850▼ -104% vs 2024
2018 → 2025
Total assets
€38k▼ 40.6%
2024 · €63k
2018: €62k
2019: €66k▲ +5.3% vs 2018
2020: €54k▼ -18.1% vs 2019
2021: €48k▼ -9.8% vs 2020
2022: €66k▲ +35.8% vs 2021highest in 8 years
2023: €59k▼ -10.3% vs 2022
2024: €63k▲ +7.3% vs 2023
2025: €38k▼ -40.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-23k
2024 · €45k
2018: €-3k
2019: €1k▲ +151% vs 2018
2020: €-5k▼ -418% vs 2019
2021: €-25k▼ -431% vs 2020
2022: €-29k▼ -14.1% vs 2021lowest in 8 years
2023: €23k▲ +181% vs 2022
2024: €45k▲ +93.0% vs 2023highest in 8 years
2025: €-23k▼ -151% vs 2024
2018 → 2025
Working capital
€-12k
2024 · €9k
2018: €9k
2019: €11k▲ +27.8% vs 2018highest in 8 years
2020: €7k▼ -35.6% vs 2019
2021: €-17k▼ -330% vs 2020
2022: €-52k▼ -212% vs 2021lowest in 8 years
2023: €-31k▲ +41.4% vs 2022
2024: €9k▲ +128% vs 2023
2025: €-12k▼ -236% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€-46k▼ 165%€-23k▲ 50.5%€22k€-850
2021: €-17k
2022: €-46k▼ -165% vs 2021lowest in 5 years
2023: €-23k▲ +50.5% vs 2022
2024: €22k▲ +197% vs 2023highest in 5 years
2025: €-850▼ -104% vs 2024
Operating result€-25k-€-28k▼ 11.1%€24k€47k▲ 96.1%€-21k
2021: €-25k
2022: €-28k▼ -11.1% vs 2021lowest in 5 years
2023: €24k▲ +185% vs 2022
2024: €47k▲ +96.1% vs 2023highest in 5 years
2025: €-21k▼ -144% vs 2024
Net result€-25k-€-29k▼ 14.1%€23k€45k▲ 93.0%€-23k
2021: €-25k
2022: €-29k▼ -14.1% vs 2021lowest in 5 years
2023: €23k▲ +181% vs 2022
2024: €45k▲ +93.0% vs 2023highest in 5 years
2025: €-23k▼ -151% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €47k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€11k ▼ 35.8%
Current assets
€27k ▼ 42.3%
Key figures and ratios
EBITDA
€-15k▼
2024 · €52k
Cash flow
€-17k▼
2024 · €50k
Solvency
-2.3%▼
2024 · 34.8%
Current ratio
0.70▼
2024 · 1.22
Quick ratio
0.64▼
2024 · 1.19
ROA
-60.8%▼
2024 · 70.6%
Interest coverage
-6.92▼
2024 · 24.83
Debt
€38k▼
2024 · €41k
Debt ≤ 1 year
€38k▲
2024 · €38k
Debt > 1 year
€0▼
2024 · €3k
Equity ratios withheld: equity of €-850 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€63k€38k▼
Fixed assets21/28€17k€11k▼
Tangible fixed assets22/27€16k€10k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€14k€8k▼
Financial fixed assets28€715€715=
Current assets29/58€47k€27k▼
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€8k€15k▲
Trade receivables40€5k€12k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€37k€10k▼
Equity and liabilities
Total equity and liabilities10/49€63k€38k▼
Equity10/15€22k€-850▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10k€10k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€-50k€-73k▼
Amounts payable17/49€41k€38k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€38k€38k▲
Current portion of amounts payable after more than one year42€6k€3k▼
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Taxes, remuneration and social security45€2k€431▼
Taxes450/3€2k€431▼
Other amounts payable47/48€27k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€53k€-13k▼
Operating profit (loss)9901€47k€-21k▼
Financial income75/76B€0€23▲
Recurring financial income75€0€23▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€45k€-23k▼
Profit (loss) for the period9904€45k€-23k▼
Profit (loss) for the period to be appropriated9905€45k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-73k▼
Profit (loss) brought forward from the previous period14P€-95k€-50k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €455 | €2k | €5k | €5k | €6k | ▲ 15.8% |
| Other operating charges640/8 | - | €1k | €2k | €1k | €1k | ▲ 7.5% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €-23k | €-25k | €30k | €53k | €-13k | ▼ 125% |
| Operating profit (loss)9901 | €-25k | €-28k | €24k | €47k | €-21k | ▼ 144% |
| Financial income75/76B | - | €1 | €280 | €0 | €23 | ▲ 22,750% |
| Recurring financial income75 | €610 | €1 | €280 | €0 | €23 | ▲ 22,750% |
| Financial charges65/66B | - | €632 | €974 | €2k | €2k | ▲ 1.8% |
| Recurring financial charges65 | €507 | €632 | €974 | €2k | €2k | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €-25k | €-29k | €23k | €45k | €-23k | ▼ 151% |
| Profit (loss) for the period9904 | €-25k | €-29k | €23k | €45k | €-23k | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €-25k | €-29k | €23k | €45k | €-23k | ▼ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €66k | €59k | €63k | €38k | ▼ 40.6% |
| Fixed assets21/28 | €835 | €21k | €17k | €17k | €11k | ▼ 35.8% |
| Tangible fixed assets22/27 | €0 | €20k | €16k | €16k | €10k | ▼ 37.4% |
| Plant, machinery and equipment23 | - | €1k | €799 | €2k | €2k | ▼ 27.4% |
| Furniture and vehicles24 | - | €19k | €15k | €14k | €8k | ▼ 39.2% |
| Financial fixed assets28 | €835 | €715 | €715 | €715 | €715 | = |
| Current assets29/58 | €48k | €45k | €42k | €47k | €27k | ▼ 42.3% |
| Stocks and contracts in progress3 | €9k | €17k | €2k | €1k | €2k | ▲ 76.3% |
| Stocks30/36 | - | €9k | €2k | €1k | €2k | ▲ 76.3% |
| Contracts in progress37 | - | €8k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €20k | €15k | €17k | €8k | €15k | ▲ 85.7% |
| Trade receivables40 | - | €13k | €14k | €5k | €12k | ▲ 146% |
| Other amounts receivable41 | - | €2k | €3k | €3k | €3k | ▼ 4.0% |
| Cash at bank and in hand54/58 | €10k | €13k | €23k | €37k | €10k | ▼ 74.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €66k | €59k | €63k | €38k | ▼ 40.6% |
| Equity10/15 | €-17k | €-46k | €-23k | €22k | €-850 | ▼ 104% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-90k | €-118k | €-95k | €-50k | €-73k | ▼ 45.5% |
| Amounts payable17/49 | €66k | €112k | €82k | €41k | €38k | ▼ 6.9% |
| Amounts payable after more than one year17 | - | €14k | €9k | €3k | €0 | ▼ 100% |
| Financial debts170/4 | - | €14k | €9k | €3k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €64k | €97k | €73k | €38k | €38k | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €6k | €3k | ▼ 40.3% |
| Trade debts44 | €50k | €76k | €53k | €4k | €15k | ▲ 295% |
| Suppliers440/4 | - | €76k | €53k | €4k | €15k | ▲ 295% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €2k | €431 | ▼ 78.6% |
| Taxes450/3 | - | €1k | €2k | €2k | €431 | ▼ 78.6% |
| Other amounts payable47/48 | - | €15k | €13k | €27k | €20k | ▼ 26.0% |
| Accrued charges and deferred income492/3 | - | €792 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-25k | €-29k | €23k | €45k | €-23k | ▼ 151% |
| + Depreciation and write-downs630 | €455 | €2k | €5k | €5k | €6k | ▲ 15.8% |
| Operating cash flow (approximation) | €-25k | €-26k | €28k | €50k | €-17k | ▼ 134% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €4k | €10k | €14k | €-28k | ▼ 293% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €45k ▲93%
Operating result €47k, net result €45k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.22
Current ratio from 0.58 to 1.22; short-term debt falls from €73k to €38k.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gent · 1 establishment unit since 1993
Ground area
177 m²
Building footprint
72 m²
Volume, LiDAR
487 m³
Parcel 44432C1118/00S000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A3 NV
since 19932.064.438.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1118/00S000 | Flanders | 177 m² | 1 · 72 m² | 12.1 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.
Similar companies · same sector, comparable size
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VINCENERGY
BE 1009.507.011
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AMGB COMFORT
BE 0783.193.638
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HDC RENOV
BE 0793.360.723
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,655 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-09-1993
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.