THREE PARALLEL RIVERS
ActiveSummary
THREE PARALLEL RIVERS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+47
Solvency81▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.94 against 41.56 in 2024; short-term debt: 19.7% and cash: 54.5% of total assets), and 44% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56%
Return on assets
26.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €39k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
94 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 88.8%
2024 · €20k
Total assets
€69k▲ 99.5%
2024 · €35k
Net result
€18k▲ 1,197%
2024 · €1k
Working capital
€26k▲ 367%
2024 · €6k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-36k€12k€-57k€2k€19k▲ 686%
Net result€-36k€12k€-56k€1k€18k▲ 1,197%
Equity€63k▼ 36.6%€75k▲ 18.2%€19k▼ 74.5%€20k▲ 7.3%€39k▲ 88.8%
Total assets€101k▼ 27.6%€88k▼ 12.6%€35k▼ 60.8%€35k▼ 0.4%€69k▲ 99.5%
Debt€38k▼ 5.3%€14k▼ 64.0%€16k▲ 14.1%€14k▼ 9.8%€30k▲ 115%
Working capital€14k▼ 77.0%€39k▲ 182%€-11k€6k€26k▲ 367%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 686% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€29k ▲ 0.6%
Current assets
€40k ▲ 591%
Equity and liabilities €69k
Equity
€39k ▲ 88.8%
Debt
€30k ▲ 115%
Debt's share of the balance-sheet total rises from 40.8% to 44.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €4k
Cash flow
€19k▲
2024 · €3k
Current ratio
2.94▼
2024 · 41.56
Debt to equity
0.79▲
2024 · 0.69
ROE
47.0%▲
2024 · 6.8%
ROA
26.3%▲
2024 · 4.1%
Interest coverage
17.28▲
2024 · 3.52
Debt ≤ 1 year
€14k▲
2024 · €139
Debt > 1 year
€16k▲
2024 · €13k
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €5k | €1k | €679 | ▼ 48.5% |
| Other operating charges640/8 | €523 | €526 | €937 | €758 | €878 | ▲ 15.8% |
| Gross operating margin9900 | €-29k | €20k | €-51k | €5k | €21k | ▲ 360% |
| Operating profit (loss)9901 | €-36k | €12k | €-57k | €2k | €19k | ▲ 686% |
| Financial income75/76B | €87 | - | €2k | €15 | €2 | ▼ 85.9% |
| Recurring financial income75 | €87 | - | €2k | €15 | €2 | ▼ 85.9% |
| Financial charges65/66B | €359 | €372 | €619 | €1k | €1k | ▲ 8.0% |
| Recurring financial charges65 | €359 | €372 | €619 | €1k | €1k | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €-36k | €12k | €-56k | €1k | €18k | ▲ 1,197% |
| Income taxes67/77 | - | - | - | - | €1 | - |
| Profit (loss) for the period9904 | €-36k | €12k | €-56k | €1k | €18k | ▲ 1,197% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €12k | €-56k | €1k | €18k | ▲ 1,197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €88k | €35k | €35k | €69k | ▲ 99.5% |
| Fixed assets21/28 | €50k | €36k | €30k | €29k | €29k | ▲ 0.6% |
| Tangible fixed assets22/27 | €39k | €31k | €26k | €25k | €25k | ▲ 0.7% |
| Plant, machinery and equipment23 | €11k | €5k | €420 | - | €815 | - |
| Furniture and vehicles24 | €28k | €27k | €26k | €25k | €24k | ▼ 2.6% |
| Financial fixed assets28 | €11k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €52k | €53k | €5k | €6k | €40k | ▲ 591% |
| Amounts receivable within one year40/41 | €14k | €23k | €5k | €3k | €2k | ▼ 14.5% |
| Trade receivables40 | €6k | €12k | - | €3k | €2k | ▼ 9.8% |
| Other amounts receivable41 | €8k | €12k | €5k | €162 | €14 | ▼ 91.4% |
| Cash at bank and in hand54/58 | €37k | €27k | €69 | €3k | €38k | ▲ 1,375% |
| Deferred charges and accrued income490/1 | €1k | €2k | - | €404 | €2 | ▼ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €88k | €35k | €35k | €69k | ▲ 99.5% |
| Equity10/15 | €63k | €75k | €19k | €20k | €39k | ▲ 88.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €81k | €81k | €81k | €81k | €81k | = |
| Distributable reserves133 | €81k | €81k | €81k | €81k | €81k | = |
| Profit (loss) carried forward14 | €-36k | €-25k | €-81k | €-79k | €-61k | ▲ 22.9% |
| Amounts payable17/49 | €38k | €14k | €16k | €14k | €30k | ▲ 115% |
| Amounts payable after more than one year17 | - | - | - | €13k | €16k | ▲ 21.0% |
| Other amounts payable178/9 | - | - | - | €13k | €16k | ▲ 21.0% |
| Amounts payable within one year42/48 | €38k | €14k | €15k | €139 | €14k | ▲ 9,658% |
| Trade debts44 | €5k | €10k | €641 | €139 | €3k | ▲ 2,337% |
| Suppliers440/4 | €5k | €10k | €641 | €139 | €3k | ▲ 2,337% |
| Advances received on contracts in progress46 | - | - | €170 | - | - | - |
| Taxes, remuneration and social security45 | €31k | - | - | - | €10k | - |
| Taxes450/3 | €31k | - | - | - | €10k | - |
| Other amounts payable47/48 | €2k | €3k | €14k | - | - | - |
| Accrued charges and deferred income492/3 | €225 | €104 | €503 | €969 | €1k | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €12k | €-56k | €1k | €18k | ▲ 1,197% |
| + Depreciation and write-downs630 | €7k | €7k | €5k | €1k | €679 | ▼ 48.5% |
| Operating cash flow (approximation) | €-30k | €19k | €-51k | €3k | €19k | ▲ 593% |
| Investment in fixed assets (approximation) | - | €7k | €594 | €0 | €-843 | - |
| Change in cash | - | €-10k | €-27k | €2k | €35k | ▲ 1,313% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 94 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-12
Financial
Liquidity times 137current ratio 41.56
Current ratio from 0.30 to 41.56; short-term debt falls from €15k to €139.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.88
Current ratio from 1.37 to 3.88; short-term debt falls from €38k to €14k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €105k
Net result €105k after 2 loss-making years.
Show earlier events
31-12
Financial
Liquidity times 19current ratio 2.51
Current ratio from 0.13 to 2.51.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
Ground area
740 m²
Building footprint
611 m²
Volume, LiDAR
13,251 m³
Parcel 44804D2709/00K008, Flanders · tallest building 29.0 m, ±9 floors. Linked by address, not a title deed.
83
companies at this address
See who is registered here
1 establishment unit
Three Parallel Rivers
since 20172.264.458.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2709/00K008 | Flanders | 740 m² | 1 · 611 m² | 29.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 540 EUR awarded · 540 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 285 EUR | 285 EUR |
| 2022 | 1 | 255 EUR | 255 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73200Market research and public opinion polling
74201Photography, excluding press photography
90391Promotion and organisation of arts and performing arts events
Scores and ratios are computed by Checked and are not a credit decision.