Equity
Equity fell by 66% in 2 years.
Equity fell by 66% in 2 years.
The micro format states no turnover.
Of this, €194,817 falls due within a year.
In 2025, 9 people joined and 10 left.
The 2020 accounts came latest: 193 days after the end of the period.
Higher net result than 91% of companies in civil engineering. Sector median €12,006 · 1,259 companies.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 42, micro). It does better than 34% of them on solvency, 19% on liquidity, 81% on profitability and 15% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as G3 SOLUTION has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G3 SOLUTION itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for G3 SOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.41 (1.66 in 2024), below the usual 1.5. Short-term debt is 61% and cash 8.1% of total assets. 70.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 53 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| G3 SOLUTION Temse | €319,390 | €212,750 | 29.9% | - |
| NATUREPLAY Geel | €380,478 | €252,666 | 44.6% | - |
| Metsers Brakel | €222,445 | €202,565 | 46.5% | - |
| Aqua Nord Oudenburg | €273,883 | €179,929 | 61.2% | - |
| Move & Play Oudsbergen | €432,966 | €329,089 | -31.1% | 3 |
| RELIABLE DYNAMIC TECHNOLOGY Wavre | €550,543 | €289,786 | 34.6% | 4.2 |
| ROOSEN ZWEMBADEN Bree | €441,456 | €98,639 | 93.9% | - |
These companies have the same main activity as G3 SOLUTION: civil engineering (NACE 42990). They are comparable in size and age: total assets between €222,000 and €551,000, founded between 2017 and 2019.
G3 SOLUTION files the micro format. That format states no turnover. The gross margin rose from €174 in 2019 to €212,750 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 33% of 1,263 companies in 2025.
Higher than 40% of 1,222 companies in 2025.
Higher than 78% of 1,227 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 9 people joined and 10 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
319,390 | 305,520 | 374,138 | 392,322 | 222,500 | 35,190 | 5,518 | |
21/28 |
44,566 | 91,076 | 52,846 | 74,430 | 64,367 | 12,351 | 265 | |
21 |
- | - | - | - | - | 250 | - | |
22/27 |
44,536 | 91,046 | 52,821 | 74,425 | 64,362 | 12,101 | 265 | |
23 |
22,364 | 41,963 | 4,929 | 3,012 | 4,105 | 448 | 265 | |
24 |
22,171 | 33,190 | 22,505 | 36,531 | 15,881 | 11,653 | - | |
25 |
0 | 15,893 | 25,388 | 34,882 | 44,376 | - | - | |
28 |
30 | 30 | 25 | 5 | 5 | - | - | |
29/58 |
274,825 | 214,444 | 321,291 | 317,893 | 158,133 | 22,839 | 5,253 | |
40/41 |
223,724 | 146,077 | 129,389 | 141,089 | 53,162 | 15,532 | 457 | |
40 |
168,089 | 133,922 | 121,564 | 134,531 | 51,452 | 14,860 | - | |
41 |
55,635 | 12,155 | 7,825 | 6,558 | 1,710 | 672 | 457 | |
54/58 |
25,881 | 54,617 | 182,935 | 124,603 | 78,550 | 6,352 | 4,796 | |
490/1 |
25,220 | 13,750 | 8,967 | 52,200 | 26,421 | 955 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
319,390 | 305,520 | 374,138 | 392,322 | 222,500 | 35,190 | 5,518 | |
10/15 |
95,550 | 142,459 | 283,860 | 184,227 | 90,986 | 4,878 | 5,053 | |
10/11 |
18,600 | 16,492 | 16,492 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 6,200 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
76,950 | 125,967 | 267,368 | 178,027 | 84,786 | - | - | |
133 |
76,950 | 125,967 | 267,368 | 178,027 | 84,786 | - | - | |
14 |
0 | 0 | 0 | 0 | - | -1,322 | -1,147 | |
17/49 |
223,840 | 163,061 | 90,278 | 208,096 | 131,514 | 30,312 | 465 | |
17 |
6,996 | 17,131 | 8,099 | 16,493 | 26,712 | - | - | |
170/4 |
6,996 | 17,131 | 8,099 | 16,493 | 26,712 | - | - | |
42/48 |
194,817 | 128,963 | 78,989 | 189,489 | 104,773 | 30,312 | 465 | |
42 |
10,135 | 15,841 | 8,394 | 10,220 | 10,070 | - | - | |
44 |
6,263 | 14,420 | 5,339 | 15,295 | 3,222 | 23,293 | - | |
440/4 |
6,263 | 14,420 | 5,339 | 15,295 | 3,222 | 23,293 | - | |
45 |
77,024 | 49,475 | 62,584 | 52,232 | 42,599 | 6,559 | - | |
450/3 |
58,712 | 40,010 | 42,531 | 49,638 | 24,405 | 6,559 | - | |
454/9 |
18,312 | 9,465 | 20,053 | 2,594 | 18,194 | - | - | |
47/48 |
101,395 | 49,228 | 2,673 | 111,742 | 48,882 | 460 | 465 | |
492/3 |
22,027 | 16,967 | 3,190 | 2,115 | 29 | - | - | |
| Income statement | ||||||||
70 |
- | - | - | - | - | - | 2,068 | |
76A |
135 | 0 | 500 | - | - | - | - | |
9900 |
212,750 | 161,385 | 192,879 | 293,234 | 122,647 | 11,825 | 174 | |
60/61 |
- | - | - | - | - | - | 1,893 | |
62 |
50,895 | 67,958 | 35,663 | 20,305 | - | - | - | |
630 |
39,212 | 34,030 | 25,693 | 27,619 | 13,205 | 7,779 | 132 | |
640/8 |
6,254 | 6,572 | 5,173 | 4,835 | 2,747 | 2,565 | 1,153 | |
66A |
8,542 | 0 | 5,216 | - | - | 1,594 | - | |
9901 |
107,846 | 52,826 | 121,134 | 240,476 | 106,695 | -113 | -1,111 | |
75/76B |
0 | 72 | 0 | 30 | 323 | - | - | |
75 |
0 | 72 | 0 | 30 | 323 | - | - | |
65/66B |
3,130 | 3,210 | 4,388 | 4,812 | 1,967 | 62 | 36 | |
65 |
3,130 | 3,210 | 4,388 | 4,812 | 1,967 | 62 | 36 | |
9903 |
104,716 | 49,688 | 116,745 | 235,694 | 105,051 | -175 | -1,147 | |
67/77 |
27,766 | 13,062 | 27,404 | 57,668 | 18,943 | - | - | |
9904 |
76,950 | 36,626 | 89,341 | 178,026 | 86,109 | -175 | -1,147 | |
9905 |
76,950 | 36,626 | 89,341 | 178,026 | 86,109 | -175 | -1,147 | |
| Appropriation of the result | ||||||||
9906 |
76,950 | 36,626 | 89,341 | 178,026 | 84,786 | -1,322 | -1,147 | |
14P |
- | - | - | 0 | -1,323 | - | - | |
791/2 |
125,967 | 178,027 | 0 | 84,786 | - | - | - | |
691/2 |
76,950 | 36,626 | 89,341 | 178,026 | 84,786 | - | - | |
6921 |
76,950 | 36,626 | 89,341 | 178,026 | 84,786 | - | - | |
694/7 |
125,967 | 178,027 | 0 | 84,786 | - | - | - | |
694 |
125,967 | 178,027 | 0 | 84,786 | - | - | - | |
| Social balance sheet | ||||||||
9087 |
2.6 | 1.8 | 1.2 | 0.5 | - | - | - | |
Hours worked1013 |
1,787 | 2,506 | 1,382 | 754 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00309693 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00274422 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00286141 | |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00260852 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20364553 | |
| 31-12-2020 | micro format | 09-02-2022 | 2022-05200178 | |
| 31-12-2019 | micro format | 02-02-2021 | 2021-04500466 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 147,058 | 86,856 | 146,827 | 268,095 | 119,900 | 7,666 | -979 | ||
| 116,162 | 70,656 | 115,034 | 205,645 | 99,313 | 7,604 | -1,015 | ||
| 18,561 | 72,260 | 9,616 | 37,681 | 64,548 | 19,866 | 397 | ||
| -28,736 | -128,318 | 58,332 | 46,053 | 72,198 | 1,556 | - | ||
| 80,008 | 85,481 | 242,303 | 128,404 | 53,360 | -7,473 | 4,788 | ||
| - | - | - | - | - | - | -53.7% | ||
| 29.9% | 46.6% | 75.9% | 47.0% | 40.9% | 13.9% | 91.6% | ||
| 1.41 | 1.66 | 4.07 | 1.68 | 1.51 | 0.75 | 11.30 | ||
| 2.34 | 1.14 | 0.32 | 1.13 | 1.45 | 6.21 | 0.09 | ||
| 80.5% | 25.7% | 31.5% | 96.6% | 94.6% | -3.6% | -22.7% | ||
| 24.1% | 12.0% | 23.9% | 45.4% | 38.7% | -0.5% | -20.8% | ||
| 46.98 | 27.06 | 33.46 | 55.71 | 60.96 | - | - | ||
| - | - | - | - | - | - | 81 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 2 | 0 | 0 |
| in full-time equivalents | 1.2 | 1.5 | 1 | 1 |
| 1 | 1.5 | 1.2 | 0.5 | |
| On a permanent contract | 0 | 2 | 1 | - |
| Joined | 9 | 7 | 2 | 5 |
| Left | 10 | 5 | 0 | 4 |
| Training hours | 0 | 0 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,561 | €72,255 | €9,596 | €37,681 | €64,543 |
| Financial fixed assets | €0 | €5 | €20 | - | €5 |
| €39,212 | €34,030 | €25,693 | €27,619 | €13,205 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 104% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 53.4% to 70.1%. Equity is lower and debt is higher.
G3 SOLUTION has no parent and no holdings in its annual accounts. G3 SOLUTION shares no director with another company.
| Poets- en Strijkdienst Waasland
registered office since 11-03-2013 · founded in 2012 |
total assets €169,830 (2025) 0500.451.704 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| G3 SOLUTIONS registered office Theo De Deckerlaan 25, 9140 Temse 42220 Construction of utility projects for electricity and telecommunications | 09-11-2018 | 2.282.479.383 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46025B0940/00W000 | 415 m² | 1 · 110 m² | 10.2 m · 2 |
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. Use the enterprise number 0712.989.095
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