Equity
Equity fell by 66% in 9 years.
Equity fell by 66% in 9 years.
The micro format states no turnover.
Short-term debts fell from €131,503 to €20,679.
Seven of the last ten came late. The 2020 accounts came latest: 116 days after the end of the period.
Higher net result than 89% of companies in food and beverage service. Sector median €4,887 · 17,129 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 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 56, micro). It does better than 80% of them on solvency, 38% on liquidity, 93% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 34,693 companies had the same profile as Three-E has now. Each dot stands for 87 companies, two years later.
The bankruptcy probability of Three-E itself is higher: 1.3% within 12 months. It rests on far more data about Three-E than the profile alone.
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 34,693 companies, not a prediction for Three-E. 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 ample, with a current ratio of 2.74 (0.89 in 2024), above the usual 1.5. Short-term debt is 32.5% and cash 5.9% of total assets. 34.8% 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 22 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Three-E Liège | €63,685 | €61,402 | 65.2% | - |
| CAFFE.IT Brussels | €55,871 | €69,731 | 34.4% | - |
| LA GRANGE DE LA COURTE Merbes-le-Château | €61,142 | €73,551 | -7.8% | - |
| AMBIANCES ET SAVEURS Sprimont | €45,840 | €45,427 | 38.1% | - |
| MARTINUS-FERY Liège | €74,015 | €94,668 | 6.0% | - |
| DFSR Wavre | €81,229 | €66,159 | 49.3% | - |
| IL ETAIT UNE FOIS TOI ET MOI Seneffe | €75,932 | €56,216 | 29.2% | - |
These companies have the same main activity as Three-E: event catering (NACE 56210). They are comparable in size and age: total assets between €45,800 and €81,200, founded between 2011 and 2016.
Three-E files the micro format. That format states no turnover. The gross margin rose from €0 in 2014 to €61,402 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €220,000. Estimated: probably between €170,000 and €270,000.
Higher than 80% of 17,153 companies in 2025.
Higher than 81% of 16,579 companies in 2025.
Higher than 95% of 16,662 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
63,685 | 125,129 | 153,877 | 64,302 | 20,031 | 32,446 | 152,053 | 146,777 | 207,008 | 378,053 | 230,314 | 53,991 | |
20 |
- | - | - | - | - | - | - | - | 260 | 520 | 780 | 1,040 | |
21/28 |
7,088 | 7,949 | 7,923 | 8,656 | 9,607 | 8,574 | 10,524 | 36,492 | 55,484 | 80,528 | 88,761 | 1,040 | |
21 |
- | - | - | - | - | - | - | 11,000 | 22,000 | 33,000 | 44,000 | - | |
22/27 |
996 | 1,856 | 531 | 1,264 | 2,214 | 1,182 | 3,131 | 14,989 | 24,282 | 38,050 | 35,503 | - | |
22 |
- | - | - | - | - | - | 1,752 | 10,145 | 18,539 | 26,933 | 26,569 | - | |
23 |
100 | 200 | 300 | 400 | 500 | 710 | 1,380 | 4,844 | 5,742 | 9,633 | 5,967 | - | |
24 |
896 | 1,656 | 231 | 864 | 1,714 | 472 | - | - | - | 1,483 | 2,967 | - | |
28 |
6,093 | 6,093 | 7,393 | 7,393 | 7,393 | 7,393 | 7,393 | 10,503 | 9,203 | 9,478 | 8,478 | - | |
29/58 |
56,597 | 117,180 | 145,953 | 55,646 | 10,424 | 23,872 | 141,529 | 110,285 | 151,264 | 297,005 | 141,554 | 52,951 | |
3 |
1,500 | - | - | - | - | - | - | - | - | 0 | - | - | |
30/36 |
1,500 | - | - | - | - | - | - | - | - | 0 | - | - | |
40/41 |
50,590 | 85,585 | 133,315 | 50,472 | 8,767 | 19,414 | 140,155 | 103,271 | 123,057 | 278,083 | 140,785 | 52,768 | |
40 |
16,528 | 85,585 | 74,381 | 41,192 | 5,914 | 7,246 | 85,066 | 59,044 | 80,473 | 142,679 | 42,513 | - | |
41 |
34,062 | - | 58,934 | 9,280 | 2,853 | 12,168 | 55,089 | 44,226 | 42,584 | 135,404 | 98,272 | 52,768 | |
54/58 |
3,739 | 27,915 | 7,202 | 2,165 | 952 | 1,619 | 97 | 2,917 | 18,579 | 17,024 | 769 | 183 | |
490/1 |
768 | 3,681 | 5,437 | 3,008 | 705 | 2,838 | 1,278 | 4,098 | 9,627 | 1,898 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
63,685 | 125,129 | 153,877 | 64,302 | 20,031 | 32,446 | 152,053 | 146,777 | 207,008 | 378,053 | 230,314 | 53,991 | |
10/15 |
41,518 | -11,434 | -25,956 | -63,902 | -36,917 | -31,734 | 60,862 | 51,330 | 51,459 | 120,575 | 107,366 | 53,166 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 50,000 | 50,000 | 50,000 | |
13 |
40,862 | 40,862 | 40,862 | 40,862 | 40,862 | 40,862 | 40,862 | 57,366 | 57,366 | 57,366 | 25,916 | 1,000 | |
130/1 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 | |
1311 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | |
132 |
18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | - | |
133 |
17,112 | 17,112 | 17,112 | 17,112 | 17,112 | 17,112 | 17,112 | 33,616 | 33,616 | 33,616 | 2,166 | - | |
14 |
-19,344 | -72,296 | -86,818 | -124,764 | -97,779 | -92,596 | - | -26,036 | -25,907 | 13,209 | 31,450 | 2,166 | |
17/49 |
22,167 | 136,563 | 179,833 | 128,205 | 56,948 | 64,180 | 91,191 | 95,447 | 155,549 | 257,478 | 122,948 | 825 | |
17 |
1,488 | 5,059 | 8,631 | 17,171 | 25,958 | 34,538 | 20,003 | 3,693 | 13,180 | 22,351 | 31,225 | - | |
170/4 |
1,488 | 5,059 | 8,631 | 17,171 | 25,958 | 34,538 | 20,003 | 3,693 | 13,180 | 22,351 | 31,225 | - | |
42/48 |
20,679 | 131,503 | 171,202 | 111,033 | 30,990 | 29,642 | 71,188 | 88,104 | 138,772 | 220,057 | 87,590 | 825 | |
42 |
3,571 | 3,571 | 8,540 | 8,786 | 8,580 | 8,382 | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | 4,620 | 9,485 | 9,172 | 8,873 | 8,584 | - | |
430/8 |
- | - | - | - | - | - | 4,620 | 9,485 | 9,172 | 8,873 | 8,584 | - | |
44 |
10,329 | 121,886 | 156,888 | 98,338 | 18,058 | 6,339 | 65,180 | 64,247 | 113,950 | 167,399 | 40,239 | 0 | |
440/4 |
10,329 | 121,886 | 156,888 | 98,338 | 18,058 | 6,339 | 65,180 | 64,247 | 113,950 | 167,399 | 40,239 | 0 | |
46 |
224 | - | - | - | - | - | - | - | - | - | - | - | |
45 |
6,555 | 4,889 | 5,773 | 3,909 | 4,053 | 1,822 | 1,388 | 14,372 | 9,170 | 43,784 | 38,768 | 825 | |
450/3 |
6,555 | 4,889 | 5,773 | 3,909 | 4,053 | 1,822 | 1,388 | 14,372 | 9,170 | 41,634 | 37,368 | 825 | |
454/9 |
- | - | - | - | - | - | - | - | - | 2,150 | 1,400 | - | |
47/48 |
- | 1,157 | - | - | 299 | 13,098 | - | - | 6,480 | 0 | 0 | 0 | |
492/3 |
- | - | - | - | - | - | - | 3,650 | 3,598 | 15,070 | 4,134 | - | |
| Income statement | |||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 472,381 | - | |
76A |
- | - | 1,250 | - | - | - | - | - | - | - | - | - | |
9900 |
61,402 | 24,782 | 43,878 | -15,794 | 2,273 | -83,325 | 36,888 | 34,469 | -1,649 | 45,414 | 96,553 | 0 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 375,828 | 0 | |
630 |
860 | 774 | 733 | 950 | 830 | 2,639 | 20,064 | 25,480 | 28,304 | 27,446 | 22,369 | 260 | |
631/4 |
- | - | - | 3,850 | - | - | - | 850 | - | - | - | - | |
640/8 |
1,806 | 3,620 | 2,481 | 1,256 | 1,264 | 1,621 | 1,956 | 1,794 | 5,929 | 864 | 471 | - | |
66A |
1,806 | 240 | 255 | 1,026 | 838 | 227 | 1,069 | 2,825 | -783 | - | - | - | |
9901 |
56,929 | 20,148 | 40,408 | -22,877 | -659 | -87,811 | 13,800 | 3,519 | -35,099 | 17,104 | 73,713 | -260 | |
75/76B |
2 | 0 | 1,050 | - | - | 242 | 79 | 1 | 1 | 6,606 | 5,414 | 4,268 | |
75 |
2 | 0 | 1,050 | - | - | 242 | 79 | 1 | 1 | 6,606 | 5,414 | 4,268 | |
65/66B |
3,739 | 5,178 | 2,615 | 3,134 | 3,588 | 4,166 | 3,385 | 3,211 | 3,294 | 4,661 | 2,994 | 17 | |
65 |
3,739 | 5,178 | 2,615 | 3,134 | 3,588 | 4,166 | 3,385 | 3,211 | 3,294 | 4,661 | 2,994 | 17 | |
9903 |
53,192 | 14,970 | 38,844 | -26,010 | -4,246 | -91,735 | 10,494 | 310 | -38,392 | 19,050 | 76,132 | 3,991 | |
67/77 |
240 | 448 | 898 | 975 | 937 | 860 | 962 | 438 | 724 | 5,841 | 21,932 | 825 | |
9904 |
52,952 | 14,522 | 37,946 | -26,985 | -5,183 | -92,596 | 9,532 | -129 | -39,116 | 13,209 | 54,200 | 3,166 | |
689 |
- | - | - | - | - | - | - | - | - | - | 18,750 | - | |
9905 |
52,952 | 14,522 | 37,946 | -26,985 | -5,183 | -92,596 | 9,532 | -129 | -39,116 | 13,209 | 35,450 | 3,166 | |
| Appropriation of the result | |||||||||||||
9906 |
-19,344 | -72,296 | -86,818 | -124,764 | -97,779 | -92,596 | -16,504 | -26,036 | -25,907 | 44,658 | 37,616 | 3,166 | |
14P |
-72,296 | -86,818 | -124,764 | -97,779 | -92,596 | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | 16,504 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 31,450 | 6,166 | 1,000 | |
691 |
- | - | - | - | - | - | - | - | - | - | 4,000 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 2,166 | 1,000 | |
6921 |
- | - | - | - | - | - | - | - | - | 31,450 | - | - | |
| Document | |||||||||||||
The notes to these accounts have 8 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.
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, 2026-00457249.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00457249 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00184702 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00402417 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271513 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20173792 | |
| 31-12-2020 | micro format | 24-11-2021 | 2021-78000425 | |
| 31-12-2019 | micro format | 04-09-2020 | 2020-50600016 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55400327 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-46500128 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48500333 | |
| 31-12-2015 | full format | 24-11-2016 | 2016-68600383 | |
| 31-12-2014 | full format | 28-07-2015 | 2015-38700182 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,790 | 20,922 | 41,142 | -21,926 | 171 | -85,173 | 33,864 | 29,000 | -6,796 | 44,550 | 96,081 | 0 | ||
| 53,812 | 15,296 | 38,680 | -26,035 | -4,353 | -89,957 | 29,595 | 25,352 | -10,812 | 40,654 | 76,568 | 3,426 | ||
| 0 | 2,282 | 0 | 0 | 1,862 | 689 | 330 | 6,228 | 3,275 | 19,733 | 110,090 | - | ||
| -24,177 | 20,713 | 5,036 | 1,214 | -667 | 1,522 | -2,820 | -15,663 | 1,555 | 16,256 | 586 | - | ||
| 35,918 | -14,323 | -25,248 | -55,388 | -20,566 | -5,770 | 70,341 | 22,181 | 12,492 | 76,948 | 53,964 | 52,126 | ||
| - | - | - | - | - | - | - | - | - | - | 15.6% | - | ||
| 65.2% | -9.1% | -16.9% | -99.4% | -184.3% | -97.8% | 40.0% | 35.0% | 24.9% | 31.9% | 46.6% | 98.5% | ||
| 2.74 | 0.89 | 0.85 | 0.50 | 0.34 | 0.81 | 1.99 | 1.25 | 1.09 | 1.35 | 1.62 | 64.21 | ||
| 2.66 | 0.89 | 0.85 | 0.50 | 0.34 | 0.81 | 1.99 | 1.25 | 1.09 | 1.35 | 1.62 | 64.21 | ||
| 0.53 | - | - | - | - | - | 1.50 | 1.86 | 3.02 | 2.14 | 1.15 | 0.02 | ||
| 127.5% | - | - | - | - | - | 15.7% | -0.3% | -76.0% | 11.0% | 50.5% | 6.0% | ||
| 83.1% | 11.6% | 24.7% | -42.0% | -25.9% | -285.4% | 6.3% | -0.1% | -18.9% | 3.5% | 23.5% | 5.9% | ||
| 15.46 | 4.04 | 15.74 | -7.00 | 0.05 | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 33 days | - | ||
| - | - | - | - | - | - | - | - | - | - | 39 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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,282 | - | - | €1,862 |
| €860 | €774 | €733 | €950 | €830 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 183% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total is 34.8%.
Three-E has no parent and no holdings in its annual accounts. STASSEN PIERRE is the only director. Three-E shares no director with another company.
| CBC Banque
establishment since 04-07-2025 · founded in 1958 · group KBC Groep |
total assets €19.48bn (2025) 0403.211.380 |
| SELECT HUMAN RESOURCES
establishment since 16-01-2008 · founded in 1986 · group SEPARCO |
267 FTE (2025) 0428.836.604 |
| L'Avenir Développement
registered office since 27-05-2015 · founded in 2015 · accounts filed late |
total assets €26.1m (2022) 0630.904.826 |
| SILVERSQUARE BELGIUM
establishment since 01-07-2022 · founded in 2008 · negative equity (2025) · group BROOKFIELD CORPORATION |
44 FTE (2025) 0806.423.356 |
| KOMPAN COMMERCIAL SYSTEMS
registered office since 01-07-2006 · founded in 2003 |
16 FTE (2025) 0479.410.028 |
| CSD Ingénieurs Conseils
establishment since 29-03-2012 · founded in 1988 |
70 FTE (2025) 0432.892.291 |
| CAIRN.INFO
establishment since 13-05-2005 · founded in 2005 |
5.5 FTE (2022) 0873.856.568 |
| Finvision Bedrijfsrevisoren
establishment since 01-01-2025 · founded in 2012 · group FINVISION |
44 FTE (2025) 0849.882.722 |
| DJM DIGITAL
establishment since 10-10-2022 · founded in 2007 |
27 FTE (2025) 0887.547.822 |
| DATA INTELLIGENCE COMMUNITY EXPERTS
registered office since 01-09-2026 · founded in 2019 |
4.9 FTE (2025) 0737.751.316 |
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 |
|---|---|---|
| Esplanade Simone VEIL 1 registered office 4000 Liège | 01-01-2015 | 2.237.677.063 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62814C0006/00G002 | 6,004 m² | - | - |
If something looks wrong or is missing, please tell us.