Skip to content

THIRD DEGREE

Active Private limited companyfounded 2016active for 10 yearsVan Goethemstraat 45, 9820 Merelbeke-MelleKBO/BCE: BE 0653.707.744
THIRD DEGREE
Financial year 2025
Follow ReportCompare

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€90,534
▼ 52.7%
€50,840
▼ 66.3%
€27,593
▼ 70.7%
-€142,780
▼ €3,577
41.4%
▲ 10.3 percentage points
0.52
▼ 0.12

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €150,000 and €260,000.

Balance sheet

balance sheet total €650,192 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

41.4%

Higher than 43% of 9,691 companies in 2025.

0.52

Higher than 14% of 9,309 companies in 2025.

4.2%

Higher than 35% of 9,433 companies in 2025.

THIRD DEGREE Middle half of the sector 80% of the sector Micro accounts in office administrative support (NACE 82)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 650,192776,279728,476797,500789,084872,602934,276351,688307,204158,812
21/28 496,389525,581563,455604,792646,830690,917718,34063,86060,8426,938
22/27 460,205489,397527,271568,608610,646654,733712,14057,66054,642738
22 452,229488,741525,905566,387606,870647,353684,23917,601--
24 706561,3662,2213,7767,38027,90140,05954,642738
26 7,905---------
28 36,18436,18436,18436,18436,18436,1846,2006,2006,2006,200
29/58 153,803250,698165,021192,708142,254181,685215,936287,828246,362151,874
29 -------5,0005,000-
291 -------5,0005,000-
3 ---------407
30/36 ---------407
40/41 109,21693,312102,70193,30781,98630,28578,473129,45183,767116,107
40 12,13209,394-2,790-38,506115,24679,232112,107
41 97,08493,31293,30793,30779,19630,28539,96714,2054,5354,000
54/58 43,386156,50862,32079,40139,322151,400137,463153,377157,59535,360
490/1 1,201878-20,00020,946-----
Balance sheet: equity and liabilities
10/49 650,192776,279728,476797,500789,084872,602934,276351,688307,204158,812
10/15 269,210241,617326,073374,642302,006342,948334,241243,831155,47590,423
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 -----18,60018,60018,60018,60018,600
101 -----12,40012,40012,40012,40012,400
13 263,010235,417319,873368,442336,748336,748328,041237,631149,27584,223
130/1 -01,8601,8601,8601,860----
130 -----1,8601,8601,8601,8601,860
1311 -01,8601,8601,860-----
133 263,010235,417318,013366,582334,888334,888326,181235,771147,41582,363
14 00---40,942-----
17/49 380,981534,662402,403422,858487,078529,654600,035107,857151,72968,389
17 83,869144,761202,956260,176316,439371,761425,171---
170/4 83,869144,761202,956260,176316,439371,761425,171---
42/48 296,583389,901152,968162,682170,639157,893174,864107,857151,47468,389
42 60,08458,19557,22156,26355,32154,39554,395---
44 25,04826,611-51,94287,66032,04636,1744,49761,2843,080
440/4 25,04826,611-51,94287,66032,04636,1744,49761,2843,080
45 32,68599,69193,12132,60615,35359,75645,78489,72073,35063,719
450/3 32,68596,51493,12132,60615,35353,67245,78482,98260,94363,719
454/9 03,177---6,084-6,73812,407-
47/48 178,766205,4052,62621,87112,30511,69638,51113,64016,8401,590
492/3 529-46,479-----255-
Income statement
9900 90,534191,418197,080142,98313,04587,894215,582158,260127,897141,856
62 -------2,274--
630 37,67337,87441,33742,03845,64263,76962,86221,40018,142130
640/8 2,0212,7921,6791,3901,3631,3551,897130127348
9901 50,840150,751154,06499,555-33,96022,770150,823134,456109,628141,378
75/76B 23196-61584618216-
75 23196-61584618216-
65/66B 9,72511,0207,4248,2356,9978,21314,6367,586307521
65 9,72511,0207,4248,2356,9978,21314,6367,586307521
9903 41,138139,927146,64091,326-40,94214,641136,193127,052109,337140,858
67/77 13,54545,61747,79418,690-5,93445,78438,69644,28556,635
9904 27,59394,31098,84672,636-40,9428,70790,40988,35665,05284,223
9905 27,59394,31098,84672,636-40,9428,70790,40988,35665,05284,223
Appropriation of the result
9906 27,59394,31098,84631,694-40,9428,70790,40988,35665,05284,223
14P ----40,942------
791/2 0178,766147,415-------
691/2 27,59394,31098,84631,694-8,70790,40988,35665,05284,223
6920 ---------1,860
6921 27,59394,31098,84631,694-8,70790,40988,35665,05282,363
694/7 0178,766147,415-------
694 0178,766147,415-------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 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 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00499895.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00499895 PDF
31-12-2024 micro format 30-08-2025 2025-00482443 PDF
31-12-2023 micro format 05-10-2024 2024-00494847 PDF
31-12-2022 micro format 29-09-2023 2023-00461418 PDF
31-12-2021 micro format 31-08-2022 2022-20386307 PDF
31-12-2020 micro format 28-10-2021 2021-74100418 PDF
31-12-2019 micro format 25-11-2020 2020-72700168 PDF
31-12-2018 micro format 31-10-2019 2019-73100295 PDF
31-12-2017 micro format 28-09-2018 2018-66100056 PDF
31-12-2016 micro format 25-08-2017 2017-47000414 PDF

Subsidies and aid

Flemish government 2024, 1 entry, €638 awarded, €638 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€638

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
88,513188,625195,401141,59311,68286,539213,685155,856127,770141,509
65,266132,184140,183114,6744,70072,476153,271109,75683,19484,353
8,4800001,55536,346717,34224,41872,0467,068
-113,12294,188-17,08140,079-112,07813,937-15,914-4,218122,235-
-142,780-139,20312,05330,026-28,38523,79241,072179,97194,88883,485
41.4%31.1%44.8%47.0%38.3%39.3%35.8%69.3%50.6%56.9%
0.520.641.081.180.831.151.232.671.632.22
0.520.641.081.180.831.151.232.671.632.21
1.422.211.231.131.611.541.800.440.980.76
10.2%39.0%30.3%19.4%-13.6%2.5%27.0%36.2%41.8%93.1%
4.2%12.1%13.6%9.1%-5.2%1.0%9.7%25.1%21.2%53.0%
9.1017.1226.3217.191.67-----

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€8,480---€1,555
€37,673€37,874€41,337€42,038€45,642

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on THIRD DEGREE

The operating result for 2025 is 66% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 68.9% to 58.6%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

We would like to set cookies. That happens only with your consent. What we measure