DE 3
ActiveSummary
DE 3 has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €-263. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 54% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-14
Solvency60▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.46 in 2024; short-term debt: 65.2% and cash: 0% of total assets), and 65.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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 · 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
34.8%
Return on assets
-0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
34 d early
2023
7 d early
2022
6 d early
2021
25 d early
2020
8 d early
2019
18 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€72k▼ 0.4%
2024 · €73k
Total assets
€208k▲ 4.7%
2024 · €198k
Net result
€-263
2024 · €766
Working capital
€-97k▼ 43.1%
2024 · €-68k
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
Line20212022202320242025
Operating result€-4k€7k€5k▼ 29.0%€4k▼ 14.3%€2k▼ 52.9%
Net result€-4k€6k€3k▼ 48.7%€766▼ 76.4%€-263
Equity€62k▼ 5.8%€69k▲ 10.2%€72k▲ 4.7%€73k▲ 1.1%€72k▼ 0.4%
Total assets€96k▼ 12.3%€189k▲ 96.2%€196k▲ 3.5%€198k▲ 1.5%€208k▲ 4.7%
Debt€34k▼ 22.2%€120k▲ 254%€124k▲ 2.8%€126k▲ 1.7%€135k▲ 7.7%
Working capital€-24k▲ 5.1%€-97k▼ 302%€-80k▲ 17.3%€-68k▲ 16.0%€-97k▼ 43.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€169k ▲ 20.6%
Current assets
€39k ▼ 33.5%
Equity and liabilities €208k
Equity
€72k ▼ 0.4%
Debt
€135k ▲ 7.7%
Debt's share of the balance-sheet total rises from 63.4% to 65.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €16k
Cash flow
€9k▼
2024 · €13k
Current ratio
0.29▼
2024 · 0.46
Debt to equity
1.87▲
2024 · 1.73
ROE
-0.4%▼
2024 · 1.1%
ROA
-0.1%▼
2024 · 0.4%
Interest coverage
3.26▼
2024 · 4.89
Debt ≤ 1 year
€135k▲
2024 · €126k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €14k | €12k | €9k | ▼ 24.7% |
| Other operating charges640/8 | €985 | €1k | €1k | €1k | €1k | ▲ 2.6% |
| Gross operating margin9900 | €2k | €13k | €20k | €17k | €12k | ▼ 29.4% |
| Operating profit (loss)9901 | €-4k | €7k | €5k | €4k | €2k | ▼ 52.9% |
| Financial income75/76B | - | - | - | - | €1k | - |
| Recurring financial income75 | - | - | - | - | €1k | - |
| Financial charges65/66B | €53 | €61 | €2k | €3k | €3k | ▲ 2.2% |
| Recurring financial charges65 | €53 | €61 | €2k | €3k | €3k | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €-4k | €7k | €3k | €766 | €-263 | ▼ 134% |
| Income taxes67/77 | €-4 | €300 | €-300 | €0 | - | - |
| Profit (loss) for the period9904 | €-4k | €6k | €3k | €766 | €-263 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €6k | €3k | €766 | €-263 | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €189k | €196k | €198k | €208k | ▲ 4.7% |
| Fixed assets21/28 | €87k | €166k | €152k | €140k | €169k | ▲ 20.6% |
| Tangible fixed assets22/27 | €87k | €166k | €152k | €140k | €169k | ▲ 20.6% |
| Land and buildings22 | €87k | €166k | €152k | €140k | €169k | ▲ 20.6% |
| Current assets29/58 | €10k | €23k | €43k | €58k | €39k | ▼ 33.5% |
| Amounts receivable within one year40/41 | €0 | €18k | €41k | €57k | €38k | ▼ 34.0% |
| Trade receivables40 | - | €18k | €40k | €56k | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €400 | €850 | €1k | €38k | ▲ 2,554% |
| Cash at bank and in hand54/58 | €9k | €4k | €1k | €9 | €67 | ▲ 663% |
| Deferred charges and accrued income490/1 | €558 | €604 | €673 | €710 | €729 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €189k | €196k | €198k | €208k | ▲ 4.7% |
| Equity10/15 | €62k | €69k | €72k | €73k | €72k | ▼ 0.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €47k | €47k | €47k | €47k | €47k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €45k | €45k | €45k | €47k | €47k | = |
| Profit (loss) carried forward14 | €-4k | €3k | €6k | €7k | €6k | ▼ 4.0% |
| Amounts payable17/49 | €34k | €120k | €124k | €126k | €135k | ▲ 7.7% |
| Amounts payable within one year42/48 | €34k | €120k | €124k | €126k | €135k | ▲ 7.7% |
| Trade debts44 | €320 | €87k | €4k | €3k | €7k | ▲ 165% |
| Suppliers440/4 | €320 | €87k | €4k | €3k | €7k | ▲ 165% |
| Taxes, remuneration and social security45 | €520 | €300 | €0 | - | - | - |
| Taxes450/3 | €520 | €300 | €0 | - | - | - |
| Other amounts payable47/48 | €33k | €33k | €120k | €123k | €128k | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €6k | €3k | €766 | €-263 | ▼ 134% |
| + Depreciation and write-downs630 | €5k | €5k | €14k | €12k | €9k | ▼ 24.7% |
| Operating cash flow (approximation) | €1k | €11k | €17k | €13k | €9k | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | €-85k | €0 | €0 | €-38k | - |
| Change in cash | - | €-5k | €-3k | €-1k | €58 | ▲ 105% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Wervik · 1 establishment unit since 2004
Ground area
3,989 m²
Building footprint
435 m²
Volume, LiDAR
2,369 m³
Parcel 33029B0656/00K000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DE 3
since 20042.194.649.150
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0656/00K000 | Flanders | 3,989 m² | 1 · 435 m² | 8.1 m · 2 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,490 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
Founded17-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.