A3 Projects
ActiveSummary
A3 Projects has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,981 and a net result of €91,673. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 55% of 2,787 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €81,981
- Profit
- €91,673
- Parent
- A3 REAL ESTATE · 99%
- A3 REAL ESTATEDirector · permanent representative David LEROY
Why 93raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 1.75, cash €185,968Founded in 2011Equity €81,981 (43.3% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 51% on solvency, 75% on liquidity, 91% on profitability and 25% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- Highest result from 2018 to 2025net €150,905 ▲49.9%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 39% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €517 | €559 | €1,246 | ▲ 123% |
| Other operating charges640/8 | - | - | - | €100 | €100 | €120 | €400 | €200 | ▼ 50.0% |
| Gross operating margin9900 | €168,481 | €183,642 | €146,669 | €81,655 | €99,963 | €134,855 | €199,979 | €123,360 | ▼ 38.3% |
| Operating profit (loss)9901 | €167,241 | €182,902 | €146,569 | €81,555 | €99,863 | €134,218 | €199,020 | €121,914 | ▼ 38.7% |
| Financial income75/76B | - | - | - | €0 | €0 | €275 | €2,652 | €679 | ▼ 74.4% |
| Recurring financial income75 | €1,101 | €2,424 | €0 | €0 | €0 | €275 | €2,652 | €679 | ▼ 74.4% |
| Financial charges65/66B | - | - | - | €167 | €293 | €240 | €328 | €353 | ▲ 7.7% |
| Recurring financial charges65 | €479 | €419 | €103 | €167 | €293 | €240 | €328 | €353 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €167,863 | €184,907 | €146,465 | €81,388 | €99,570 | €134,253 | €201,345 | €122,240 | ▼ 39.3% |
| Income taxes67/77 | €53,569 | €54,959 | €39,197 | €21,396 | €25,224 | €33,559 | €50,439 | €30,567 | ▼ 39.4% |
| Profit (loss) for the period9904 | €114,294 | €129,948 | €107,268 | €59,992 | €74,346 | €100,693 | €150,905 | €91,673 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €114,294 | €129,948 | €107,268 | €59,992 | €74,346 | €100,693 | €150,905 | €91,673 | ▼ 39.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €607,320 | €185,124 | €179,900 | €140,989 | €133,716 | €157,395 | €222,561 | €189,146 | ▼ 15.0% |
| Fixed assets21/28 | - | - | - | - | - | €1,159 | €600 | €1,828 | ▲ 205% |
| Tangible fixed assets22/27 | - | - | - | - | - | €1,159 | €600 | €1,828 | ▲ 205% |
| Furniture and vehicles24 | - | - | - | - | - | €1,159 | €600 | €1,828 | ▲ 205% |
| Current assets29/58 | €607,320 | €185,124 | €179,900 | €140,989 | €133,716 | €156,236 | €221,961 | €187,318 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €69,069 | €51,677 | €117,554 | €31,754 | €900 | €1,049 | €629 | €1,350 | ▲ 114% |
| Trade receivables40 | - | - | - | €15,526 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €16,228 | €900 | €1,049 | €629 | €1,350 | ▲ 114% |
| Current investments50/53 | - | - | - | - | - | €80,000 | - | - | - |
| Cash at bank and in hand54/58 | €538,251 | €133,447 | €62,337 | €109,235 | €132,816 | €75,187 | €221,331 | €185,968 | ▼ 16.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €607,320 | €185,124 | €179,900 | €140,989 | €133,716 | €157,395 | €222,561 | €189,146 | ▼ 15.0% |
| Equity10/15 | €54,853 | €23,936 | €10,556 | €30,331 | €32,288 | €60,592 | €90,849 | €81,981 | ▼ 9.8% |
| Contributions10/11 | €8,000 | €8,000 | - | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €44,998 | €14,081 | €701 | €20,476 | €22,433 | €50,737 | €80,994 | €72,126 | ▼ 10.9% |
| Amounts payable17/49 | €552,467 | €161,187 | €169,344 | €110,658 | €101,428 | €96,803 | €131,712 | €107,165 | ▼ 18.6% |
| Amounts payable within one year42/48 | €552,467 | €161,178 | €169,344 | €110,658 | €101,428 | €96,803 | €131,712 | €107,165 | ▼ 18.6% |
| Trade debts44 | €112 | €153 | - | €26,387 | €19,480 | €9,429 | - | €240 | - |
| Suppliers440/4 | - | - | - | €26,387 | €19,480 | €9,429 | - | €240 | - |
| Taxes, remuneration and social security45 | - | - | - | €44,054 | €9,445 | €14,598 | €10,446 | €6,579 | ▼ 37.0% |
| Taxes450/3 | - | - | - | €44,054 | €9,445 | €14,598 | €10,446 | €6,579 | ▼ 37.0% |
| Other amounts payable47/48 | - | - | - | €40,216 | €72,503 | €72,776 | €121,266 | €100,346 | ▼ 17.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,294 | €129,948 | €107,268 | €59,992 | €74,346 | €100,693 | €150,905 | €91,673 | ▼ 39.3% |
| + Depreciation and write-downs630 | - | - | - | - | - | €517 | €559 | €1,246 | ▲ 123% |
| Operating cash flow (approximation) | €114,294 | €129,948 | €107,268 | €59,992 | €74,346 | €101,211 | €151,464 | €92,919 | ▼ 38.7% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | -€2,474 | - |
| Change in cash | - | -€404,804 | -€71,110 | €46,898 | €23,581 | -€57,629 | €146,144 | -€35,364 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00256953 |
| 31-12-2024 | full format | 29-07-2025 | 2025-00333450 |
| 31-12-2023 | full format | 22-07-2024 | 2024-00279550 |
| 31-12-2022 | full format | 24-07-2023 | 2023-00274738 |
| 31-12-2021 | full format | 22-07-2022 | 2022-20220263 |
| 31-12-2020 | full format | 29-07-2021 | 2021-42200277 |
| 31-12-2019 | full format | 23-07-2020 | 2020-32900266 |
| 31-12-2018 | full format | 25-07-2019 | 2019-38600244 |
| 31-12-2017 | micro format | 10-08-2018 | 2018-44800125 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-38600246 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| A3 REAL ESTATE |
|
Owners and capital
Owners
1 ownerChain of control
- A3 REAL ESTATE
- A3 Projects
Highest known parent: A3 REAL ESTATE. The sources do not say who stands above it.
Owners 1
- A3 REAL ESTATEparent99%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 05-02-2024 Converted to unavailable equity · €9,855
- 05-02-2024 Converted to uncalled contributions · €10,550
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-02
Gazette deed
Resignation: A3 REAL ESTATE (manager)Appointment: A3 REAL ESTATE (director) · Legal-form conversion · Capital conversion12 facts ▸
- General meeting, 31-01-2024
- Legal-form conversion, “Société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, A3 REAL ESTATE (manager)
- Director appointment, A3 REAL ESTATE (director (not named in the articles))
- Declaration, “décharge, L'assemblée générale décidera à la prochaine assemblée générale annuelle sur la décharge au gérant démissionnaire pour l'exécution de son mandat” (deed in French)
- Registered office clause, “1380 Lasne, Route de Beaumont 30” (deed in French)
- Power of attorney
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0840.977.429
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25051F0276/00K000 | Wallonia | 2,418 m² | 1 · 169 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La consultance en construction; L’audit énergétique de bâtiment; La coordination de chantiers/travaux; La construction, la transformation…” (deed in French)
15 activities (deed in French)
- La consultance en construction
- L’audit énergétique de bâtiment
- La coordination de chantiers/travaux
- La construction, la transformation, le parachèvement et l'entretien en ce compris, le traitement de l'humidité ascensionnelle, l'assèchement des caves, le traitement de l'air, l'hydrofugation, le traitement de la mérule, le démoussage de tous immeubles ainsi que le commerce et l'industrie de tous matériaux ou matières de construction ou d'entretien
- La conception et la réalisation de tous projets de construction d'immeuble, l'établissement de plans d'exécution et leurs devis, la conclusion de tous marchés et de contrôle de leur exécution et en général toutes opérations et devoirs incombant aux bureaux d'études, en ce compris toutes formalités relatives aux demandes de permis de bâtir ou de lotir ainsi que la gestion pour le compte des propriétaires de tous biens immobiliers
- L'achat, la vente, l'importation, l'exportation, la conception, la fabrication, le courtage, la représentation de tous biens, services procédés, droits, produits ou marchandises dont le marché n'est pas actuellement réglementé et plus particulièrement et à titre purement informatif et non limitatif, tous les produits ayant un lien avec le bricolage, l'isolation, les matières plastiques, les bois et ses dérivés, les produits chimiques, l'ameublement, la protection des êtres et des biens, le commerce des matières premières, de métaux ferreux et non ferreux, de produits pétroliers, denrées alimentaires, caoutchouc, huiles et oléagineux
- La rédaction de tous baux à loyers ou commerciaux et l'établissement de tous états des lieux
- Toute mission et activité découlant de la décoration et de l’aménagement intérieur
- Tous travaux de conception et de fabrication de pièces de mobiliers et d’objets de décoration
- Tous travaux d’étude, de consultance ainsi que toute réalisation en matière de décoration d’intérieur, d’illustration, de conception de maquettes
- La gestion de bureaux d’étude, de bureaux de dessin en matière de design de meubles ou d’aménagement intérieur
- La réalisation de projets design mobiliers et d’aménagement d’intérieur
- La publication d’articles de matières dans les matières susvisées
- L’achat et la vente en gros et au détail, de tous biens meubles, objets et accessoires de décoration de quelque nature qu’ils soient
- L’architecture d’intérieur en général
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- A3 ProjectsArticle 2.22 du Code des sociétés et des associations
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, simple décision de l'organe d'administration vers toute autre endroit de la région de langue française ou de la région de…” (deed in French)“Annexes au Moniteur Belge par les soins de l'organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “L'assemblée qui nomme le ou les administrateur(s) fixe leur nombre, la durée de leur mandat et, en cas de pluralité, leurs pouvoirs…” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Titulaires peuvent prendre connaissance, nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Délivrés aux titulaires, à dater de leur inscription dans le registre des actions” (deed in French)“Renonciation expresse par courrier ordinaire ou e-mail, absence de réponse dans le délai accordé vaudra renonciation au droit de préemption” (deed in French)“Au prorata de leur participation dans les actions de la société et sans fractionnement d'actions, 30 jours après la notification pour les…” (deed in French)“Si le nombre d'actions pour lesquelles le droit de préemption est exercé excède le nombre d'actions offertes, celles-ci sont réparties entre…” (deed in French)“L'organe d'administration peut proposer un tiers (qui peut être actionnaire existant) candidat-cessionnaire pour les actions pour lesquelles…” (deed in French)“Actions acquises au prix offert par le candidat-cessionnaire, à défaut d'accord sur le prix, le droit de préemption est exercé au prix fixé…” (deed in French)“Si la renonciation par les actionnaires qui ont exercé leur droit de préemption a pour effet que le nombre d'actions pour lesquelles le…” (deed in French)“Passé ce délai, il sera dû par le cessionnaire un intérêt, de plein droit et sans mise en demeure, calculé sur le taux légal augmenté de…” (deed in French)“Les délais courent à partir de la date postale, respectivement à partir de l'envoi par e-mail, par écrit par lettre ordinaire ou à l'adresse…” (deed in French)2 more provisions on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Après un préavis d’un mois notifié par lettre recommandée, taux de l'intérêt légal augmenté de deux pour cent l'an” (deed in French)“Recouvre la valeur de sa part de retrait de la manière déterminée conformément au Code des sociétés et des associations” (deed in French)“Courrier électronique, ou, pour les personnes dont elle ne dispose pas d’une adresse électronique, par courrier ordinaire, à envoyer le même…” (deed in French)2 more provisions on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Chaque action confère un droit égal dans la répartition des bénéfices, organe d'administration” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of May at 15:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toute personne peut renoncer à la convocation, si elle est présente ou représentée à l'assemblée” (deed in French)“Peut toujours participer à l'assemblée générale sans pouvoir participer au vote” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “N'annule pas les autres décisions prises, délibèrera sur le même ordre du jour et statuera définitivement” (deed in French)2 more provisions on this in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Nommés pour trois ans, rééligibles” (deed in French)“3, lorsque la loi l'exige et dans les limites qu'elle prévoit” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'aurait été désigné, le ou les administrateurs en fonction” (deed in French)