TH3RD EYE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 11 filings
Turnover
≈ €380,000
Estimated: probably between €320,000 and €450,000
Total assets
€1.0m▲ 0.8%
2024 · €1.0m
Net result
€126,284▲ 19.1%
2024 · €106,010
Working capital
-€110,636▼ 121%
2024 · -€50,144
In the rankings
#6 company by equity in Gingelom, Professional and technical services sector#10 company by total assets in Gingelom, Professional and technical services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€209,778
▲ 12.6%
2025
20192025
Net result
€126,284
▲ 19.1%
2025
highest quarter of the sector
20192025
Equity
€509,900
▲ 32.9%
2025
highest quarter of the sector
20192025
Total assets
€1.0m
▲ 0.8%
2025
highest quarter of the sector
20192025
Debt
€524,038
▼ 18.3%
2025
20192025
Working capital
-€110,636
▼ 121%
2025
lowest quarter of the sector
20192025
Solvency
49.3%
▲ 11.9pp
2025
middle half of the sector
20192025
Current ratio
0.39
▼ 0.40
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
12.2%
▲ 1.9pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.08m-€0.1m▲ 55.2%€0.08m▼ 31.9%€0.07m▼ 23.0%€0.1m▲ 97.6%€0.2m▲ 45.0%€0.2m▲ 12.6%
Net result€0.06m-€0.09mwithin the sector's middle half▲ 50.6%€0.06mabove the sector's middle half▼ 32.4%€0.04mwithin the sector's middle half▼ 24.0%€0.08mabove the sector's middle half▲ 71.4%€0.1mabove the sector's middle half▲ 39.0%€0.1mabove the sector's middle half▲ 19.1%
Equity€0.05m-€0.1mwithin the sector's middle half▲ 183%€0.2mwithin the sector's middle half▲ 43.8%€0.2mwithin the sector's middle half▲ 23.1%€0.3mabove the sector's middle half▲ 32.2%€0.4mabove the sector's middle half▲ 22.5%€0.5mabove the sector's middle half▲ 32.9%
Total assets€0.3m-€0.2mbelow the sector's middle half▼ 14.5%€0.3mwithin the sector's middle half▲ 23.5%€0.3mwithin the sector's middle half▲ 8.9%€1.0mabove the sector's middle half▲ 202%€1.0mabove the sector's middle half▲ 7.8%€1.0mabove the sector's middle half▲ 0.8%
Debt€0.2m-€0.1m▼ 55.7%€0.1m▼ 3.5%€0.08m▼ 19.3%€0.6m▲ 715%€0.6m▲ 0.6%€0.5m▼ 18.3%
Working capital€0.002m-€0.006mwithin the sector's middle half▲ 272%€0.05mwithin the sector's middle half▲ 756%€0.1mwithin the sector's middle half▲ 125%-€0.04mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 19.9%-€0.1mbelow the sector's middle half▼ 121%
Solvency17.2%-57.1%within the sector's middle half▲ 39.9pp66.5%within the sector's middle half▲ 9.4pp75.2%within the sector's middle half▲ 8.7pp32.9%within the sector's middle half▼ 42.2pp37.4%within the sector's middle half▲ 4.5pp49.3%within the sector's middle half▲ 11.9pp
Current ratio1.03-1.12within the sector's middle half▲ 0.092.19within the sector's middle half▲ 1.073.86within the sector's middle half▲ 1.660.72below the sector's middle half▼ 3.130.79below the sector's middle half▲ 0.060.39below the sector's middle half▼ 0.40
Return on assets (ROA)21.0%-37.0%above the sector's middle half▲ 16.0pp20.2%within the sector's middle half▼ 16.7pp14.1%within the sector's middle half▼ 6.1pp8.0%within the sector's middle half▼ 6.1pp10.3%within the sector's middle half▲ 2.3pp12.2%within the sector's middle half▲ 1.9pp
Staff (FTE)1within the sector's middle half1=0.9▼ 10.0%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 13% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
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 €1.0m
Fixed assets
€964,460 ▲ 14.6%
Current assets
€69,478 ▼ 62.1%
Equity and liabilities €1.0m
Equity
€509,900 ▲ 32.9%
Debt
€524,038 ▼ 18.3%
Debt's share of the balance-sheet total falls from 62.6% to 50.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221,012▲
2024 · €187,162
Cash flow
€137,517▲
2024 · €106,875
Debt to equity
1.03▼
2024 · 1.67
ROE
24.8%▼
2024 · 27.6%
Interest coverage
10.12▲
2024 · 8.01
Debt ≤ 1 year
€180,113▼
2024 · €233,678
Debt > 1 year
€343,925▼
2024 · €408,053
Income taxes
€61,660▲
2024 · €58,240
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.9 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Overdue debts
| Item | 30-06-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Overdue tax debts | - | - | €4,500 | €4,500 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Investments
| Item | 30-06-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €133,880 |
| Financial fixed assets | - | €824,750 | - | €0 |
| Depreciation and write-downs of the year | €39,907 | €12,024 | €865 | €11,234 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €275,111 | €0 | €28,952 | - |
| Remuneration, social security and pensions62 | - | - | - | €48,588 | -€1,439 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,007 | €45,403 | €39,495 | €39,907 | €12,024 | €865 | €11,234 | ▲ 13× |
| Other operating charges640/8 | - | - | - | €3,939 | €6,801 | €2,854 | €3,156 | ▲ 10.6% |
| Gross operating margin9900 | €169,985 | €208,520 | €172,543 | €157,459 | €145,861 | €190,016 | €224,168 | ▲ 18.0% |
| Operating profit (loss)9901 | €79,849 | €123,894 | €84,403 | €65,025 | €128,474 | €186,297 | €209,778 | ▲ 12.6% |
| Financial income75/76B | - | - | - | €100 | €1,249 | €1,314 | €4 | ▼ 99.7% |
| Recurring financial income75 | €12 | €93 | €324 | €100 | €1,249 | €1,314 | €4 | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €787 | €8,289 | €23,361 | €21,839 | ▼ 6.5% |
| Recurring financial charges65 | €3,787 | €2,779 | €799 | €787 | €8,289 | €23,361 | €21,839 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €74,489 | €121,209 | €83,929 | €64,339 | €121,435 | €164,250 | €187,944 | ▲ 14.4% |
| Income taxes67/77 | €16,967 | €34,592 | €25,351 | €19,830 | €45,161 | €58,240 | €61,660 | ▲ 5.9% |
| Profit (loss) for the period9904 | €57,523 | €86,616 | €58,577 | €44,509 | €76,274 | €106,010 | €126,284 | ▲ 19.1% |
| Profit (loss) for the period to be appropriated9905 | €57,523 | €86,616 | €58,577 | €44,509 | €76,274 | €106,010 | €126,284 | ▲ 19.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.2m | €0.3m | €0.3m | €1.0m | €1.0m | €1.0m | ▲ 0.8% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.1m | €0.8m | €0.8m | €1.0m | ▲ 14.6% |
| Intangible fixed assets21 | €0.2m | €0.1m | €0.1m | €0.09m | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.08m | €0.06m | €0.02m | €0.02m | €0.1m | ▲ 719% |
| Land and buildings22 | - | - | - | €0.05m | €0.02m | €0.02m | €0.02m | = |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €63 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.01m | €0 | - | €0.1m | - |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.001m | €397 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €0.05m | €0.06m | €0.1m | €0.2m | €0.1m | €0.2m | €0.07m | ▼ 62.1% |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.02m | €0.02m | €0.006m | €0.02m | €0.006m | ▼ 67.5% |
| Trade receivables40 | - | - | - | €0.02m | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €0.006m | €0.006m | €0.02m | €0.006m | ▼ 67.5% |
| Current investments50/53 | €0.02m | €0.01m | - | - | €0.05m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.009m | €0.07m | €0.1m | €0.05m | €0.2m | €0.06m | ▼ 63.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.001m | €0.002m | €0.003m | ▲ 61.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.2m | €0.3m | €0.3m | €1.0m | €1.0m | €1.0m | ▲ 0.8% |
| Equity10/15 | €0.05m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 32.9% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.07m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 35.2% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 35.2% |
| Profit (loss) carried forward14 | -€0.05m | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.2m | €0.1m | €0.1m | €0.08m | €0.6m | €0.6m | €0.5m | ▼ 18.3% |
| Amounts payable after more than one year17 | €0.2m | €0.05m | €0.05m | €0.04m | €0.5m | €0.4m | €0.3m | ▼ 15.7% |
| Financial debts170/4 | - | - | - | €0.04m | €0.5m | €0.4m | €0.3m | ▼ 15.7% |
| Amounts payable within one year42/48 | €0.05m | €0.05m | €0.05m | €0.04m | €0.2m | €0.2m | €0.2m | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.08m | €0.08m | €0.1m | ▲ 64.3% |
| Financial debts43 | - | - | - | €68 | €54 | €68 | €60 | ▼ 12.4% |
| Credit institutions430/8 | - | - | - | €68 | - | - | - | - |
| Other loans439 | - | - | - | - | €54 | €68 | €60 | ▼ 12.4% |
| Trade debts44 | €0.001m | €0.006m | €0.006m | €0.008m | €0.005m | €0.004m | €0.001m | ▼ 69.7% |
| Suppliers440/4 | - | - | - | €0.008m | €0.005m | €0.004m | €0.001m | ▼ 69.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.05m | €0.1m | €0.03m | ▼ 77.3% |
| Taxes450/3 | - | - | - | €0.005m | €0.05m | €0.1m | €0.03m | ▼ 75.9% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0 | €0.007m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €0.02m | €0.03m | €0.02m | ▼ 35.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,523 | €86,616 | €58,577 | €44,509 | €76,274 | €106,010 | €126,284 | ▲ 19.1% |
| + Depreciation and write-downs630 | €44,007 | €45,403 | €39,495 | €39,907 | €12,024 | €865 | €11,234 | ▲ 13× |
| Operating cash flow (approximation) | €101,529 | €132,019 | €98,073 | €84,416 | €88,299 | €106,875 | €137,517 | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | -€1,518 | -€52,122 | €0 | -€706,141 | €0 | -€133,880 | - |
| Change in cash | - | -€2,323 | €62,502 | €65,865 | -€85,434 | €112,118 | -€103,413 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00132172 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328947 | |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00092201 | |
| 30-06-2022 | micro format | 06-02-2023 | 2023-00023095 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01600216 | |
| 30-06-2020 | abbreviated format | 10-02-2021 | 2021-05100102 | |
| 30-06-2019 | abbreviated format | 27-02-2020 | 2020-05700103 | |
| 30-06-2018 | abbreviated format | 28-02-2019 | 2019-05900076 | |
| 30-06-2017 | abbreviated format | 08-02-2018 | 2018-04600109 | |
| 30-06-2016 | abbreviated format | 09-01-2017 | 2017-00700261 |