A3E2
ActiveSummary
A3E2 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €9,813 and a net result of -€1,711. Equity is shrinking by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 113 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-13
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 13.12 against 29.11 in 2025; short-term debt: 7.6% and cash: 100% of total assets), and 7.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2026Solvency, return and age of the figures
Solvency
92.4%
Return on assets
-16.1%
Age of the figures
8 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
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 27-03-2026, 157 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
157 d early
2025
157 d early
2024
67 d early
2023
103 d early
2022
93 d early
2021
88 d early
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 91 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€9,813▼ 14.8%
2025 · €11,524
Total assets
€10,622▼ 11.0%
2025 · €11,934
Net result
-€1,711▼ 47.5%
2025 · -€1,160
Working capital
€9,813▼ 14.8%
2025 · €11,524
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€3,332-€24,695▼ 641%-€2,773▲ 88.8%-€900▲ 67.5%-€1,427▼ 58.5%
Net result-€4,309-€25,487▼ 491%-€3,149▲ 87.6%-€1,160▲ 63.2%-€1,711▼ 47.5%
Equity€61,320▼ 35.9%€35,833▼ 41.6%€12,684▼ 64.6%€11,524▼ 9.1%€9,813▼ 14.8%
Total assets€112,995▼ 55.6%€36,233▼ 67.9%€13,094▼ 63.9%€11,934▼ 8.9%€10,622▼ 11.0%
Debt€51,675▼ 67.5%€400▼ 99.2%€410▲ 2.5%€410=€810▲ 97.5%
Working capital€61,320▼ 35.9%€35,833▼ 41.6%€12,684▼ 64.6%€11,524▼ 9.1%€9,813▼ 14.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,427 in 2026 against €900 in 2025; the loss grows.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €10,622
Equity
€9,813 ▼ 14.8%
Debt
€810 ▲ 97.5%
Debt's share of the balance-sheet total rises from 3.4% to 7.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
13.12▼
2025 · 29.11
Debt to equity
0.08▲
2025 · 0.04
ROE
-17.4%▼
2025 · -10.1%
ROA
-16.1%▼
2025 · -9.7%
Debt ≤ 1 year
€810▲
2025 · €410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €220 | €264 | €908 | €431 | €840 | ▲ 94.8% |
| Non-recurring operating charges66A | - | €23,862 | - | - | - | - |
| Gross operating margin9900 | -€3,112 | -€569 | -€1,865 | -€469 | -€587 | ▼ 25.2% |
| Operating profit (loss)9901 | -€3,332 | -€24,695 | -€2,773 | -€900 | -€1,427 | ▼ 58.5% |
| Financial income75/76B | €518 | - | - | - | - | - |
| Recurring financial income75 | €518 | - | - | - | - | - |
| Financial charges65/66B | €278 | €793 | €376 | €260 | €284 | ▲ 9.4% |
| Recurring financial charges65 | €278 | €793 | €376 | €260 | €284 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | -€3,091 | -€25,487 | -€3,149 | -€1,160 | -€1,711 | ▼ 47.5% |
| Income taxes67/77 | €1,218 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,309 | -€25,487 | -€3,149 | -€1,160 | -€1,711 | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,309 | -€25,487 | -€3,149 | -€1,160 | -€1,711 | ▼ 47.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,995 | €36,233 | €13,094 | €11,934 | €10,622 | ▼ 11.0% |
| Current assets29/58 | €112,995 | €36,233 | €13,094 | €11,934 | €10,622 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €44,380 | €20,000 | €0 | - | - | - |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | €44,380 | €20,000 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €68,614 | €16,233 | €13,094 | €11,934 | €10,622 | ▼ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,995 | €36,233 | €13,094 | €11,934 | €10,622 | ▼ 11.0% |
| Equity10/15 | €61,320 | €35,833 | €12,684 | €11,524 | €9,813 | ▼ 14.8% |
| Contributions10/11 | €20,000 | €20,000 | €0 | - | - | - |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Reserves13 | €41,000 | €15,000 | €12,500 | €12,500 | €9,813 | ▼ 21.5% |
| Distributable reserves133 | €41,000 | €15,000 | €12,500 | €12,500 | €9,813 | ▼ 21.5% |
| Profit (loss) carried forward14 | €320 | €833 | €184 | -€976 | - | - |
| Amounts payable17/49 | €51,675 | €400 | €410 | €410 | €810 | ▲ 97.5% |
| Amounts payable within one year42/48 | €51,675 | €400 | €410 | €410 | €810 | ▲ 97.5% |
| Trade debts44 | €500 | €400 | €410 | €410 | €810 | ▲ 97.5% |
| Suppliers440/4 | €500 | €400 | €410 | €410 | €810 | ▲ 97.5% |
| Taxes, remuneration and social security45 | €21,175 | €0 | - | - | - | - |
| Taxes450/3 | €21,175 | €0 | - | - | - | - |
| Other amounts payable47/48 | €30,000 | €0 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,309 | -€25,487 | -€3,149 | -€1,160 | -€1,711 | ▼ 47.5% |
| Operating cash flow (approximation) | -€4,309 | -€25,487 | -€3,149 | -€1,160 | -€1,711 | ▼ 47.5% |
| Change in cash | - | -€52,382 | -€3,139 | -€1,160 | -€1,311 | ▼ 13.1% |
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 2027, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
Financial
Weakest financial yearnet -€25,487
Net result drops to -€25,487, the lowest in the series; recovery starts the following year.
31-01
Financial
Liquidity times 41current ratio 90.58
Current ratio from 2.19 to 90.58; short-term debt falls from €51,675 to €400.
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Liège · 1 establishment unit since 2015
Ground area
206 m²
Building footprint
71 m²
Volume, LiDAR
1,087 m³
Parcel 62804C0423/00B010, Wallonia · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A3E2
since 20152.242.402.052
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804C0423/00B010 | Wallonia | 206 m² | 1 · 71 m² | 16.4 m · 5 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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Sablix
BE 0760.462.677
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ID Construct & co
BE 0568.952.510
Soignies · Eq €9,756
Of 9,699 companies in sector 68121 we hold annual accounts for 7,384. 3,086 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-2015
Fiscal year end31-01
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.