DE DRIE VIJVERS
ActiveSummary
DE DRIE VIJVERS has the legal form “Naamloze vennootschap van publiek recht” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €52,267 and a net result of -€2,210. Equity has been shrinking by about 4% per year since 2018. The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-06-1990 Normal situation
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
Board
- MERGAERT JosephineDirector · since 11-08-2022
- MERGAERT MaxineDirector · since 11-08-2022
- MERGAERT StefaanDirector · since 11-08-2022
Financial position
Bankruptcy probability: legal form outside the model
Annual accounts 2025
- Gross margin
- €634
- ▲ 46.3%
- Turnover
- ≈ €4,300
- estimated
- Loss
- €2,210
- ▼ 4.1%
- Equity
- €52,267
- ▼ 4.1%
- Total assets
- €68,364
- ▼ 3.1%
- 2025 accounts filed 26 days after the deadline
Signalsraises risk2025 accounts filed 26 days lateShow the evidence
Checked score
Score 2025
57
/ 100
Fair= on 2024
Without a bankruptcy probability, the score rests on the figures alone.
Financial strength · tick: 2024
Average
Solvency
100=
equity 76.5% of total assets
Liquidity
43+1
short-term debt 23.0% · cash 0.7%
Profitability
29=
return on assets -3.2%
Bankruptcy probability within 12 months
The KBO gives the legal form as “Naamloze vennootschap van publiek recht”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.01 (3.07 in 2024), above the usual 1.5. Short-term debt is 23% and cash 0.7% of total assets. 23.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
26 days late
2023
22 days early
2022
29 days late
2021
31 days late
2020
37 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 22 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429293.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 35 filings
Turnover
≈ €4,300
Estimated: probably between €1,800 and €11,000
Total assets
€68,364▼ 3.1%
2024 · €70,569
Net result
-€2,210▲ 4.1%
2024 · -€2,303
Working capital
€31,494▼ 5.4%
2024 · €33,304
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,042
▲ 5.6%
2025
20182025
Net result
-€2,210
▲ 4.1%
2025
20182025
Equity
€52,267
▼ 4.1%
2025
20182025
Total assets
€68,364
▼ 3.1%
2025
20182025
Debt
€16,097
=
2025
20182025
Working capital
€31,494
▼ 5.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,017-€2,165▲ 7.3%-€1,659-€1,900▼ 14.5%-€3,886▼ 105%-€2,069▲ 46.8%-€2,163▼ 4.5%-€2,042▲ 5.6%
Net result€2,451-€2,602▲ 6.1%-€1,927-€1,926▲ 0.1%-€4,059▼ 111%-€2,222▲ 45.3%-€2,303▼ 3.7%-€2,210▲ 4.1%
Equity€64,314-€66,915▲ 4.0%€64,988▼ 2.9%€63,062▼ 3.0%€59,003▼ 6.4%€56,781▼ 3.8%€54,477▼ 4.1%€52,267▼ 4.1%
Total assets€86,381-€90,540▲ 4.8%€87,878▼ 2.9%€84,920▼ 3.4%€81,792▼ 3.7%€78,679▼ 3.8%€70,569▼ 10.3%€68,364▼ 3.1%
Debt€22,067-€23,625▲ 7.1%€22,890▼ 3.1%€21,858▼ 4.5%€22,789▲ 4.3%€21,898▼ 3.9%€16,092▼ 26.5%€16,097=
Working capital€49,141-€51,756▲ 5.3%€49,815▼ 3.8%€47,889▼ 3.9%€43,830▼ 8.5%€41,608▼ 5.1%€33,304▼ 20.0%€31,494▼ 5.4%
The operating result for 2025 is a loss of €2,042, smaller than the loss of €2,163 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,364
Fixed assets
€21,173 =
Current assets
€47,191 ▼ 4.5%
Equity and liabilities €68,364
Equity
€52,267 ▼ 4.1%
Debt
€16,097 =
Debt's share of the balance-sheet total rises from 22.8% to 23.5%. Equity is lower.
Key figures and ratios
Current ratio
3.01▼
2024 · 3.07
Debt to equity
0.31▲
2024 · 0.30
ROE
-4.2%=
2024 · -4.2%
ROA
-3.2%▲
2024 · -3.3%
Debt ≤ 1 year
€15,697▼
2024 · €16,092
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €790 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,226 | €2,279 | €2,488 | €2,596 | €2,676 | ▲ 3.1% |
| Gross operating margin9900 | €4,857 | €4,256 | -€1,531 | €326 | -€1,607 | €419 | €433 | €634 | ▲ 46.3% |
| Operating profit (loss)9901 | €2,017 | €2,165 | -€1,659 | -€1,900 | -€3,886 | -€2,069 | -€2,163 | -€2,042 | ▲ 5.6% |
| Financial income75/76B | - | - | - | €120 | €0 | - | - | - | - |
| Recurring financial income75 | €1,909 | €1,982 | - | €120 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €146 | €173 | €153 | €140 | €168 | ▲ 19.7% |
| Recurring financial charges65 | €23 | €1 | €268 | €146 | €173 | €153 | €140 | €168 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €3,903 | €4,145 | -€1,927 | -€1,926 | -€4,059 | -€2,222 | -€2,303 | -€2,210 | ▲ 4.1% |
| Income taxes67/77 | €1,452 | €1,543 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,451 | €2,602 | -€1,927 | -€1,926 | -€4,059 | -€2,222 | -€2,303 | -€2,210 | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €2,451 | €2,602 | -€1,927 | -€1,926 | -€4,059 | -€2,222 | -€2,303 | -€2,210 | ▲ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €86,381 | €90,540 | €87,878 | €84,920 | €81,792 | €78,679 | €70,569 | €68,364 | ▼ 3.1% |
| Fixed assets21/28 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | = |
| Tangible fixed assets22/27 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | = |
| Land and buildings22 | - | - | - | €21,173 | €21,173 | €21,173 | €21,173 | €21,173 | = |
| Current assets29/58 | €65,208 | €69,367 | €66,704 | €63,747 | €60,619 | €57,506 | €49,396 | €47,191 | ▼ 4.5% |
| Amounts receivable within one year40/41 | €64,745 | €68,807 | €66,558 | €63,253 | €60,279 | €57,147 | €49,196 | €46,706 | ▼ 5.1% |
| Trade receivables40 | - | - | - | - | - | €199 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €63,253 | €60,279 | €56,948 | €49,196 | €46,706 | ▼ 5.1% |
| Cash at bank and in hand54/58 | €463 | €560 | €0 | €347 | €134 | €153 | €201 | €485 | ▲ 142% |
| Deferred charges and accrued income490/1 | - | - | - | €146 | €206 | €206 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €86,381 | €90,540 | €87,878 | €84,920 | €81,792 | €78,679 | €70,569 | €68,364 | ▼ 3.1% |
| Equity10/15 | €64,314 | €66,915 | €64,988 | €63,062 | €59,003 | €56,781 | €54,477 | €52,267 | ▼ 4.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €2,451 | €5,053 | €5,053 | €5,053 | €5,053 | €5,053 | €5,053 | €5,053 | = |
| Non-distributable reserves130/1 | - | - | - | €247 | €247 | €247 | €247 | €247 | = |
| Legal reserve130 | - | - | - | €247 | €247 | €247 | €247 | €247 | = |
| Distributable reserves133 | - | - | - | €4,806 | €4,806 | €4,806 | €4,806 | €4,806 | = |
| Profit (loss) carried forward14 | -€111 | -€111 | -€2,038 | -€3,964 | -€8,024 | -€10,246 | -€12,549 | -€14,759 | ▼ 17.6% |
| Amounts payable17/49 | €22,067 | €23,625 | €22,890 | €21,858 | €22,789 | €21,898 | €16,092 | €16,097 | = |
| Amounts payable within one year42/48 | €16,067 | €17,611 | €16,890 | €15,858 | €16,789 | €15,898 | €16,092 | €15,697 | ▼ 2.5% |
| Trade debts44 | - | - | - | €472 | €1,233 | €342 | €536 | €141 | ▼ 73.7% |
| Suppliers440/4 | - | - | - | €472 | €1,233 | €342 | €536 | €141 | ▼ 73.7% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €15,386 | €15,556 | €15,556 | €15,556 | €15,556 | = |
| Accrued charges and deferred income492/3 | - | - | - | €6,000 | €6,000 | €6,000 | €0 | €400 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,451 | €2,602 | -€1,927 | -€1,926 | -€4,059 | -€2,222 | -€2,303 | -€2,210 | ▲ 4.1% |
| + Depreciation and write-downs630 | €790 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €3,242 | €2,602 | -€1,927 | -€1,926 | -€4,059 | -€2,222 | -€2,303 | -€2,210 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €97 | -€560 | €347 | -€214 | €19 | €48 | €284 | ▲ 497% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00429293 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00406124 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00228571 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00371543 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20374441 | |
| 31-12-2020 | abbreviated format | 06-09-2021 | 2021-66300233 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46600461 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59600464 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-49200577 | |
| 31-12-2016 | micro format | 07-07-2017 | 2017-29100226 |
Board & ownership
Directors
Directors
3 directors, last change in 2022
Owners and capital
Capital transactions
Capital over time
- 04-11-2022 Capital stated in the deed · €61,973.38 · 250 shares
Mandate history
3 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MERGAERT Josephine |
|
| MERGAERT Maxine |
|
| MERGAERT Stefaan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Datum einde bepalen of vertrekvergoeding toekennen tenzij statuten anders bepalen, raad van bestuur collegiaal”
Articles of association, deed of 04-11-2022 (in Dutch)
Network & group
DE DRIE VIJVERS shares no director with another company.
Companies at the same address
2 other companiesConnections & network
3 current directorsThe network starts from the directors of DE DRIE VIJVERS. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-08
abbreviated format · 26 days late
2025
26-08
micro format · 26 days late
2024
09-07
micro format · 22 days before the deadline
2023
29-08
micro format · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€4,059
The net result drops to -€4,059, the lowest from 2018 to 2025. It recovers the following year.
04-11
Gazette deed
3 directors appointed, 3 directors resigningResignations: MERGAERT Stefaan, MERGAERT Maxine and MERGAERT Josephine · Appointments: MERGAERT Stefaan, MERGAERT Maxine and MERGAERT Josephine · Amendment of the articles12 points ▸
Gazette deed
3 directors appointed, 3 directors resigning
Resignations: MERGAERT Stefaan, MERGAERT Maxine and MERGAERT Josephine · Appointments: MERGAERT Stefaan, MERGAERT Maxine and MERGAERT Josephine · Amendment of the articles12 points ▸
- General meeting, 11-10-2022
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “interimdividend, voorzien in mogelijkheid interimdividend uit te keren” (deed in Dutch)
- Capital, €61,973.38
- Director resignation, MERGAERT Stefaan (director)
- Director resignation, MERGAERT Maxine (director)
- Director resignation, MERGAERT Josephine (director)
- Director discharge, MERGAERT Stefaan
- Director appointment, MERGAERT Stefaan (director)
- Director appointment, MERGAERT Maxine (director)
- Director appointment, MERGAERT Josephine (director)
- Power of attorney, mentioned 2 times in the deed
31-08
micro format · 31 days late
2021
06-09
abbreviated format · 37 days late
2020
28-08
abbreviated format · 28 days late
2019
31-12
Financial
Highest result from 2018 to 2025net €2,602 ▲6.1%
The operating result of €2,165 and the net result of €2,602 are both a record.
30-08
abbreviated format · 30 days late
2018
23-08
abbreviated format · 23 days late
2017
07-07
micro format · 24 days before the deadline
1990
30-06
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DE DRIE VIJVERS in Dutch
Enterprise number
0441.038.412
Legal form
Naamloze vennootschap van publiek recht
Status
Active, normale toestand
Founded
06-06-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-11-2022 (in Dutch)Name clauseThe company operates under this name according to its articles.
DE DRIE VIJVERS
deed of 04-11-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland…”
deed of 04-11-2022 (in Dutch)Registered office and establishments
Registered office
Smekaertstraat 37, 8660 De Panne, Belgium
Invoicing and payment
VAT number
BE 0441.038.412
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of June
deed of 04-11-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
7,472 m²
Building footprint
524 m²
Building volume
2,189 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38001C0136/00L000 | Flanders | 7,472 m² | 1 · 524 m² | 10.1 m · 1 |