Three Development
The computed 12-month bankruptcy probability of Three Development is 5.4% (elevated). The 2024 annual accounts show negative equity (€-72k) and a net result of €-2k. Equity is shrinking by ~2.6% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-72k |
| Net result | €-2k |
| Active | 6 yrs |
| Locations | 1 |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | - | - | - |
| Net profit | -12.1% | +97.3% | - |
| Cash flow | - | - | - |
| Staff costs | - | - | - |
| Income taxes | - | - | - |
| Dividends | - | - | - |
| Total assets | -67.9% | -2.2% | - |
| Equity | -2.8% | -2.5% | - |
| Debt | -34.0% | 0.0% | - |
| of which ≤ 1y | -34.0% | 0.0% | - |
| of which > 1y | - | - | - |
| Working capital | -2.8% | -2.5% | - |
| Employees (FTE) | - | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.25 | 0.52 | 0.53 |
| Quick ratio | 0.25 | 0.52 | 0.53 |
| Working capital ratio | -295.4% | -92.2% | -87.9% |
| Solvency | -295.4% | -92.2% | -87.9% |
| Debt / equity | -1.34 | -2.09 | -2.14 |
| Long-term debt ratio | - | - | - |
| Interest coverage | - | - | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -8.0% | -2.3% | -83.3% |
| ROE | 2.7% | 2.5% | 94.7% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (19 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €25k | €76k | €78k |
| Current assets | 29/58 | €25k | €76k | €78k |
| Stocks & contracts in progress | 3 | - | - | €0 |
| Amounts receivable within one year | 40/41 | €5k | €5k | €5k |
| Cash & bank | 54/58 | €19k | €71k | €73k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €25k | €76k | €78k |
| Equity | 10/15 | €-72k | €-70k | €-69k |
| Contributions / capital | 10/11 | €5k | €5k | €5k |
| Accumulated profits (losses) | 14 | €-77k | €-75k | €-74k |
| Amounts payable | 17/49 | €97k | €147k | €147k |
| Amounts payable within one year | 42/48 | €97k | €147k | €147k |
| Trade debts payable within one year | 44 | - | - | €0 |
| Income statement | ||||
| Gross operating margin | 9900 | €-1k | €-1k | €-55k |
| Operating result | 9901 | €-2k | €-2k | €-65k |
| Financial income | 75 | €0 | - | - |
| Financial charges | 65 | €44 | €39 | €39 |
| Result before taxes | 9903 | €-2k | €-2k | €-65k |
| Net result for the period | 9904 | €-2k | €-2k | €-65k |
| Result to be appropriated | 9905 | €-2k | €-2k | €-65k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 10-06-2020 |
| Status | Active |
| Postal code | 9051 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0193/00G003 | Flanders | 1,575 m² | 1 · 269 m² | 9.5 m · 2 fl. |
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
| Legal nameNL | Three Development |