THIRD UNCLE
ActiveSummary
THIRD UNCLE has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €228,750 and a net result of -€2,090. Equity grew by about 4.6% per year on average since 2019. In 2026 it fell by 0.9%. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-06-2007 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.164.262.020 1050 Elsene, since 04-06-2007
- Financial year end
- 30 June
- Peppol
- Reachable since 19-08-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €58,419
- ▼ 45.7%
- Turnover
- ≈ €180,000
- estimated
- Loss
- €2,090
- Equity
- €228,750
- ▼ 0.9%
- Total assets
- €710,961
- ▼ 5.6%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.05, cash €6,803lowers riskSize: total assets €710,961Figures for financial year 2026 (filed on 02-10-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, micro). It does better than 34% of them on solvency, 23% on liquidity, 34% on profitability and 41% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-06-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Credit check for an amount and term of your choice
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.
Signals
The company filed its last 7 accounts on average 52 days before 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)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 28-09-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2026 is 79% lower than in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,846 | €4,348 | €8,384 | - | - |
| Depreciation and write-downs of the year | €38,586 | €40,859 | €41,641 | €37,617 | €36,958 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €72,512 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,744 | €35,913 | €35,888 | €38,586 | €40,859 | €41,641 | €37,617 | €36,958 | ▼ 1.8% |
| Other operating charges640/8 | - | - | - | €7,702 | €7,839 | €8,634 | €9,518 | €8,575 | ▼ 9.9% |
| Gross operating margin9900 | €74,678 | €93,735 | €81,242 | €88,544 | €128,546 | €58,911 | €107,567 | €58,419 | ▼ 45.7% |
| Operating profit (loss)9901 | €32,507 | €50,803 | €37,732 | €42,256 | €79,849 | €8,636 | €60,432 | €12,886 | ▼ 78.7% |
| Financial income75/76B | - | - | - | - | €8 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €8 | - | - | - | - |
| Financial charges65/66B | - | - | - | €24,472 | €31,698 | €43,177 | €37,818 | €14,976 | ▼ 60.4% |
| Recurring financial charges65 | €17,493 | €15,654 | €21,410 | €24,472 | €31,698 | €43,177 | €37,818 | €14,976 | ▼ 60.4% |
| Profit (loss) for the period before taxes9903 | €15,014 | €35,149 | €16,322 | €17,784 | €48,158 | -€34,542 | €22,614 | -€2,090 | - |
| Income taxes67/77 | €6,027 | €10,864 | €4,169 | €5,164 | €19,618 | -€4,113 | €2,000 | - | - |
| Profit (loss) for the period9904 | €8,987 | €24,285 | €12,153 | €12,620 | €28,540 | -€30,428 | €20,614 | -€2,090 | - |
| Profit (loss) for the period to be appropriated9905 | €8,987 | €24,285 | €12,153 | €12,620 | €28,540 | -€30,428 | €20,614 | -€2,090 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | ▼ 5.6% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.7m | €0.7m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.7m | €0.7m | ▼ 5.0% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.9m | €0.7m | €0.7m | ▼ 3.8% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.009m | €0.008m | €0.007m | €0.006m | ▼ 13.8% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.05m | €0.05m | €0.03m | €0.03m | ▼ 27.2% |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | €80 | €80 | - | - |
| Current assets29/58 | €0.02m | €0.04m | €0.03m | €0.05m | €0.03m | €0.008m | €0.02m | €0.01m | ▼ 31.1% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.001m | €0.03m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Trade receivables40 | - | - | - | €0.03m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Cash at bank and in hand54/58 | €0.01m | €0.03m | €0.03m | €0.01m | €0.03m | €0.004m | €0.01m | €0.007m | ▼ 39.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | - | €0.003m | €0.003m | €0.003m | ▼ 12.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | ▼ 5.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.9% |
| Contributions10/11 | €0.09m | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.009m | €0.009m | €0.02m | €0.03m | €0.06m | €0.06m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Reserves not available under the articles1311 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Distributable reserves133 | - | - | - | €0.02m | €0.05m | €0.05m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.07m | €0.1m | €0.09m | €0.09m | €0.09m | €0.06m | €0.06m | €0.06m | ▼ 3.2% |
| Amounts payable17/49 | €0.9m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.5m | €0.5m | ▼ 7.6% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 18.2% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 18.2% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.05m | €0.05m | ▲ 6.8% |
| Financial debts43 | - | - | - | €448 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €448 | - | - | - | - | - |
| Trade debts44 | €0.007m | €0.004m | €0.009m | €0.03m | €0.004m | €0.007m | €0.003m | €0.003m | ▼ 6.8% |
| Suppliers440/4 | - | - | - | €0.03m | €0.004m | €0.007m | €0.003m | €0.003m | ▼ 6.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.02m | - | €0.002m | - | - |
| Taxes450/3 | - | - | - | €0.005m | €0.02m | - | €0.002m | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 6.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.04m | €0.05m | €0.05m | ▲ 1.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,987 | €24,285 | €12,153 | €12,620 | €28,540 | -€30,428 | €20,614 | -€2,090 | - |
| + Depreciation and write-downs630 | €34,744 | €35,913 | €35,888 | €38,586 | €40,859 | €41,641 | €37,617 | €36,958 | ▼ 1.8% |
| Operating cash flow (approximation) | €43,731 | €60,198 | €48,041 | €51,206 | €69,399 | €11,213 | €58,231 | €34,868 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | -€764 | -€22,003 | -€14,846 | -€4,349 | -€8,384 | €131,803 | €81 | ▼ 99.9% |
| Change in cash | - | €19,796 | -€8,682 | -€13,656 | €17,699 | -€26,061 | €7,635 | -€4,502 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,686 companies had the same profile as THIRD UNCLE has now. Two years later, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THIRD UNCLE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,686 companies, not a prediction for THIRD UNCLE. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 28-09-2026 | 2026-00542536 | |
| 30-06-2025 | micro format | 05-11-2025 | 2025-00562581 | |
| 30-06-2024 | micro format | 24-12-2024 | 2024-00627966 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00025007 | |
| 30-06-2022 | micro format | 27-12-2022 | 2022-20549056 | |
| 30-06-2021 | micro format | 17-11-2021 | 2021-77700211 | |
| 30-06-2020 | micro format | 25-01-2021 | 2021-01700017 | |
| 30-06-2019 | micro format | 29-10-2019 | 2019-71900420 | |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75700160 | |
| 30-06-2017 | full format | 29-01-2018 | 2018-02900309 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| François Moret |
|
| Sophie Moret |
|
Network & group
Holdings through the years
2008 to 2009Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of THIRD UNCLE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-07
Gazette deed
Registered office moved from Watermaal-Bosvoorde to ElseneNew seat: Avenue Louis Lepoutre 6, 1050 Ixelles · Previous seat: Avenue Léopold Wiener 86 à 1170 Watermael-Boitsfort1 point ▸
- Registered-office move, Avenue Louis Lepoutre 6, 1050 Ixelles
10-09
Gazette deed
Resignation: Sophie Moret (manager)Appointment: François Moret (director)3 points ▸
- General meeting, 24-11-2020
- Director resignation, Sophie Moret (manager)
- Director appointment, François Moret
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Avenue Léopold Wiener 86, 1170 Watermael-Boitsfort until 13-07-2026 · act of 24-07-2026
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0306/00F047 | Brussels | 221 m² | 1 · 144 m² | 21.7 m · 6 |