C 3
ActiveSummary
C 3 has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.9m and a net result of €559,436. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 90% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-18
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.82 against 3.77 in 2023; short-term debt: 7.9% and cash: 1.7% of total assets), and 13% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87%
Return on assets
8.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
133 d late
2023
2 d early
2022
25 d late
2021
92 d late
2020
201 d late
2019
566 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 169 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by equity in Sint-Martens-Latem, Telecoms and IT sector#2 company by total assets in Sint-Martens-Latem, Telecoms and IT sector#9 oldest company in Sint-Martens-Latem, Telecoms and IT sector
Equity
€5.9m▲ 10.4%
2023 · €5.4m
Total assets
€6.8m▲ 1.1%
2023 · €6.7m
Net result
€559,436▼ 63.4%
2023 · €1.5m
Working capital
€1.5m▼ 1.5%
2023 · €1.5m
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
Line20202021202220232024
Operating result€328,104▼ 38.3%€844,069▲ 157%€1.8m▲ 111%€1.7m▼ 5.4%€753,106▼ 55.3%
Net result€187,550▼ 46.6%€656,887▲ 250%€1.6m▲ 146%€1.5m▼ 5.2%€559,436▼ 63.4%
Equity€1.6m▲ 13.6%€2.2m▲ 41.9%€3.8m▲ 72.6%€5.4m▲ 39.9%€5.9m▲ 10.4%
Total assets€4.6m▼ 1.6%€4.6m▼ 0.1%€6.2m▲ 36.5%€6.7m▲ 8.0%€6.8m▲ 1.1%
Debt€3.0m▼ 8.0%€2.3m▼ 22.0%€2.4m▲ 2.2%€1.4m▼ 42.9%€888,199▼ 35.3%
Working capital-€1.5m▲ 5.2%-€282,405▲ 80.8%€1.3m€1.5m▲ 15.8%€1.5m▼ 1.5%
Staff (FTE)3.5=3.5=3.8▲ 8.6%4.8▲ 26.3%4.8=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -63% on 2023. Cause not known from the registers.
- 2022 Net result +146%, Equity +73% on 2021. Cause not known from the registers.
- 2021 Net result +250% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.8m
Fixed assets
€4.8m ▲ 2.6%
Current assets
€2.1m ▼ 2.0%
Equity and liabilities €6.8m
Equity
€5.9m ▲ 10.4%
Debt
€888,199 ▼ 35.3%
Debt's share of the balance-sheet total falls from 20.4% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▼
2023 · €2.2m
Cash flow
€1.0m▼
2023 · €2.0m
Current ratio
3.82▲
2023 · 3.77
Debt to equity
0.15▼
2023 · 0.26
ROE
9.4%▼
2023 · 28.5%
ROA
8.2%▼
2023 · 22.7%
Interest coverage
51.85▲
2023 · 49.74
Debt ≤ 1 year
€540,301▼
2023 · €559,250
Debt > 1 year
€343,000▼
2023 · €737,260
Income taxes
€169,735▲
2023 · €110,000
Staff costs
€416,376▼
2023 · €435,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €292,086 | €318,375 | €435,795 | €416,376 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €471,327 | €471,439 | €451,480 | €491,866 | €487,859 | ▼ 0.8% |
| Other operating charges640/8 | - | €12,796 | €14,065 | €14,766 | €7,734 | ▼ 47.6% |
| Non-recurring operating charges66A | - | €26,484 | €0 | €407 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.1m | €1.6m | €2.6m | €2.6m | €1.7m | ▼ 36.6% |
| Operating profit (loss)9901 | €328,104 | €844,069 | €1.8m | €1.7m | €753,106 | ▼ 55.3% |
| Financial income75/76B | - | €0 | €0 | €1 | €1 | ▼ 49.0% |
| Recurring financial income75 | - | €0 | €0 | €1 | €1 | ▼ 49.0% |
| Financial charges65/66B | - | €137,285 | €134,560 | €43,751 | €23,935 | ▼ 45.3% |
| Recurring financial charges65 | €139,957 | €137,285 | €134,560 | €43,751 | €23,935 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | €188,147 | €706,784 | €1.6m | €1.6m | €729,172 | ▼ 55.6% |
| Income taxes67/77 | €598 | €49,897 | €31,744 | €110,000 | €169,735 | ▲ 54.3% |
| Profit (loss) for the period9904 | €187,550 | €656,887 | €1.6m | €1.5m | €559,436 | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €187,550 | €656,887 | €1.6m | €1.5m | €559,436 | ▼ 63.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €4.6m | €6.2m | €6.7m | €6.8m | ▲ 1.1% |
| Fixed assets21/28 | €4.3m | €4.4m | €4.5m | €4.6m | €4.8m | ▲ 2.6% |
| Intangible fixed assets21 | €4.3m | €4.4m | €4.5m | €4.6m | €4.8m | ▲ 2.6% |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €530 | €530 | €530 | €530 | €530 | = |
| Current assets29/58 | €238,068 | €203,673 | €1.7m | €2.1m | €2.1m | ▼ 2.0% |
| Amounts receivable within one year40/41 | €235,555 | €187,556 | €1.7m | €1.8m | €1.9m | ▲ 6.6% |
| Trade receivables40 | - | €183,399 | €203,559 | €178,678 | €262,382 | ▲ 46.8% |
| Other amounts receivable41 | - | €4,156 | €1.5m | €1.6m | €1.7m | ▲ 2.2% |
| Cash at bank and in hand54/58 | €2,139 | €10,919 | €5,217 | €281,723 | €117,298 | ▼ 58.4% |
| Deferred charges and accrued income490/1 | - | €5,198 | €4,488 | €3,731 | €5,528 | ▲ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €4.6m | €6.2m | €6.7m | €6.8m | ▲ 1.1% |
| Equity10/15 | €1.6m | €2.2m | €3.8m | €5.4m | €5.9m | ▲ 10.4% |
| Contributions10/11 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Capital10 | - | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Issued capital100 | - | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Reserves13 | €11,775 | €11,775 | €11,775 | €11,775 | €11,775 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €9,916 | €9,916 | €9,916 | €9,916 | = |
| Profit (loss) carried forward14 | -€4.0m | -€3.3m | -€1.7m | -€151,755 | €407,681 | ▲ 369% |
| Amounts payable17/49 | €3.0m | €2.3m | €2.4m | €1.4m | €888,199 | ▼ 35.3% |
| Amounts payable after more than one year17 | €1.2m | €1.8m | €1.9m | €737,260 | €343,000 | ▼ 53.5% |
| Financial debts170/4 | - | €1.8m | €1.9m | €737,260 | €343,000 | ▼ 53.5% |
| Amounts payable within one year42/48 | €1.7m | €486,077 | €376,742 | €559,250 | €540,301 | ▼ 3.4% |
| Trade debts44 | €617,288 | €231,331 | €252,654 | €329,229 | €332,638 | ▲ 1.0% |
| Suppliers440/4 | - | €231,331 | €252,654 | €329,229 | €332,638 | ▲ 1.0% |
| Taxes, remuneration and social security45 | - | €205,629 | €77,125 | €230,021 | €207,663 | ▼ 9.7% |
| Taxes450/3 | - | €101,025 | €9,995 | €133,183 | €127,205 | ▼ 4.5% |
| Remuneration and social security454/9 | - | €104,604 | €67,130 | €96,838 | €80,458 | ▼ 16.9% |
| Other amounts payable47/48 | - | €49,118 | €46,963 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €35,786 | €161,874 | €75,643 | €4,898 | ▼ 93.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,550 | €656,887 | €1.6m | €1.5m | €559,436 | ▼ 63.4% |
| + Depreciation and write-downs630 | €471,327 | €471,439 | €451,480 | €491,866 | €487,859 | ▼ 0.8% |
| Operating cash flow (approximation) | €658,876 | €1.1m | €2.1m | €2.0m | €1.0m | ▼ 48.2% |
| Investment in fixed assets (approximation) | - | -€498,985 | -€608,560 | -€598,887 | -€606,029 | ▼ 1.2% |
| Change in cash | - | €8,780 | -€5,702 | €276,506 | -€164,425 | ▼ 159% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 133 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €5mEq €5.4m ▲39.9%
6 profitable years in a row build equity to €5.4m.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €1.6m ▲146%
Operating result €1.8m, net result €1.6m, both a record.
31-12
Financial
Liquidity times 11current ratio 4.55
Current ratio from 0.42 to 4.55; short-term debt falls from €486,077 to €376,742.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 201 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 566 days late
2021
31-12
Financial
Equity above €2mEq €2.2m ▲41.9%
4 profitable years in a row build equity to €2.2m.
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 112 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 277 days late
2017
02-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 214 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Martens-Latem · 1 establishment unit since 2003
Ground area
3,103 m²
Building footprint
494 m²
Volume, LiDAR
2,099 m³
Parcel 44064B0353/00W000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Latemstraat 115, 9830 Sint-Martens-Latem
since 20032.121.665.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0353/00W000 | Flanders | 3,103 m² | 1 · 494 m² | 6.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 4,751 EUR awarded · 4,751 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,534 EUR | 1,534 EUR |
| 2024 | 1 | 1,534 EUR | 1,534 EUR |
| 2022 | 1 | 1,683 EUR | 1,683 EUR |
Schemes
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 1,165 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
Founded05-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443543089
Also
9925:BE0443543089
Registered
18-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.