Three Streams
ActiveSummary
Three Streams has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €52k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency51▼-26
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 2.24 in 2024; short-term debt: 66.9% and cash: 68.1% of total assets), and 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
26.3%
Return on assets
57.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
34 d early
2023
43 d early
2022
56 d early
2021
12 d early
2020
16 d early
2019
49 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 59.7%
2024 · €59k
2018: €33k
2019: €33k▲ +2.0% vs 2018
2020: €33k▲ +1.0% vs 2019
2021: €22k▼ -34.4% vs 2020
2022: €55k▲ +148% vs 2021
2023: €20k▼ -63.2% vs 2022lowest in 8 years
2024: €59k▲ +192% vs 2023highest in 8 years
2025: €24k▼ -59.7% vs 2024
2018 → 2025
Total assets
€90k▼ 19.9%
2024 · €112k
2018: €73klowest in 8 years
2019: €97k▲ +32.8% vs 2018
2020: €115k▲ +19.2% vs 2019
2021: €105k▼ -9.3% vs 2020
2022: €118k▲ +13.0% vs 2021
2023: €156k▲ +32.1% vs 2022highest in 8 years
2024: €112k▼ -28.4% vs 2023
2025: €90k▼ -19.9% vs 2024
2018 → 2025
Net result
€52k▲ 33.9%
2024 · €39k
2018: €7klowest in 8 years
2019: €37k▲ +392% vs 2018
2020: €55k▲ +51.0% vs 2019
2021: €70k▲ +27.4% vs 2020highest in 8 years
2022: €33k▼ -53.8% vs 2021
2023: €66k▲ +101% vs 2022
2024: €39k▼ -41.2% vs 2023
2025: €52k▲ +33.9% vs 2024
2018 → 2025
Working capital
€16k▼ 71.2%
2024 · €54k
2018: €29k
2019: €26k▼ -9.2% vs 2018
2020: €20k▼ -26.2% vs 2019
2021: €9k▼ -53.9% vs 2020lowest in 8 years
2022: €42k▲ +363% vs 2021
2023: €29k▼ -30.2% vs 2022
2024: €54k▲ +85.5% vs 2023highest in 8 years
2025: €16k▼ -71.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€55k▲ 148%€20k▼ 63.2%€59k▲ 192%€24k▼ 59.7%
2021: €22k
2022: €55k▲ +148% vs 2021
2023: €20k▼ -63.2% vs 2022lowest in 5 years
2024: €59k▲ +192% vs 2023highest in 5 years
2025: €24k▼ -59.7% vs 2024
Operating result€89k-€42k▼ 52.4%€83k▲ 96.0%€49k▼ 41.1%€65k▲ 33.2%
2021: €89khighest in 5 years
2022: €42k▼ -52.4% vs 2021lowest in 5 years
2023: €83k▲ +96.0% vs 2022
2024: €49k▼ -41.1% vs 2023
2025: €65k▲ +33.2% vs 2024
Net result€70k-€33k▼ 53.8%€66k▲ 101%€39k▼ 41.2%€52k▲ 33.9%
2021: €70khighest in 5 years
2022: €33k▼ -53.8% vs 2021lowest in 5 years
2023: €66k▲ +101% vs 2022
2024: €39k▼ -41.2% vs 2023
2025: €52k▲ +33.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90k
Fixed assets
€14k ▼ 0.9%
Current assets
€75k ▼ 22.6%
Equity and liabilities €90k
Equity
€24k ▼ 59.7%
Debt
€66k ▲ 24.1%
Debt's share of the balance-sheet total rises from 47.6% to 73.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▲
2024 · €50k
Cash flow
€53k▲
2024 · €40k
Current ratio
1.26▼
2024 · 2.24
Debt to equity
2.80▲
2024 · 0.91
ROE
218.6%▲
2024 · 65.7%
ROA
57.6%▲
2024 · 34.4%
Interest coverage
1095.00▲
2024 · 849.75
Debt ≤ 1 year
€60k▲
2024 · €43k
Debt > 1 year
€6k▼
2024 · €10k
Income taxes
€13k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€90k▼
Fixed assets21/28€14k€14k▼
Tangible fixed assets22/27€4k€4k▼
Furniture and vehicles24€4k€4k▼
Financial fixed assets28€10k€10k▲
Current assets29/58€98k€75k▼
Amounts receivable within one year40/41€16k€14k▼
Trade receivables40€11k€14k▲
Other amounts receivable41€5k€603▼
Cash at bank and in hand54/58€81k€61k▼
Deferred charges and accrued income490/1€283€311▲
Equity and liabilities
Total equity and liabilities10/49€112k€90k▼
Equity10/15€59k€24k▼
Contributions10/11€19k€19k=
Reserves13€40k€5k▼
Distributable reserves133€40k€5k▼
Amounts payable17/49€53k€66k▲
Amounts payable after more than one year17€10k€6k▼
Other amounts payable178/9€10k€6k▼
Amounts payable within one year42/48€43k€60k▲
Trade debts44€2k€662▼
Suppliers440/4€2k€662▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€35k€52k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€51k€68k▲
Operating profit (loss)9901€49k€65k▲
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€59€61▲
Recurring financial charges65€59€61▲
Profit (loss) for the period before taxes9903€49k€65k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€39k€52k▲
Profit (loss) for the period to be appropriated9905€39k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€52k▲
Transfer from equity791/2-€35k
Transfer to equity691/2€39k-
To other reserves6921€39k-
Profit to be distributed694/7-€87k
Return on contributions (dividend)694-€87k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €1k | €1k | €1k | ▲ 38.7% |
| Other operating charges640/8 | €907 | €915 | €973 | €1k | €1k | ▲ 3.2% |
| Gross operating margin9900 | €92k | €45k | €85k | €51k | €68k | ▲ 32.7% |
| Operating profit (loss)9901 | €89k | €42k | €83k | €49k | €65k | ▲ 33.2% |
| Financial income75/76B | €6 | €0 | - | - | €13 | - |
| Recurring financial income75 | €6 | €0 | - | - | €13 | - |
| Financial charges65/66B | €125 | €257 | €63 | €59 | €61 | ▲ 3.5% |
| Recurring financial charges65 | €125 | €257 | €63 | €59 | €61 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | €89k | €42k | €83k | €49k | €65k | ▲ 33.3% |
| Income taxes67/77 | €18k | €9k | €17k | €10k | €13k | ▲ 31.0% |
| Profit (loss) for the period9904 | €70k | €33k | €66k | €39k | €52k | ▲ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €70k | €33k | €66k | €39k | €52k | ▲ 33.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €118k | €156k | €112k | €90k | ▼ 19.9% |
| Fixed assets21/28 | €13k | €13k | €12k | €14k | €14k | ▼ 0.9% |
| Tangible fixed assets22/27 | €3k | €3k | €2k | €4k | €4k | ▼ 9.0% |
| Furniture and vehicles24 | €3k | €3k | €2k | €4k | €4k | ▼ 9.0% |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €10k | ▲ 2.5% |
| Current assets29/58 | €92k | €105k | €145k | €98k | €75k | ▼ 22.6% |
| Amounts receivable within one year40/41 | €25k | €30k | €49k | €16k | €14k | ▼ 10.5% |
| Trade receivables40 | €24k | €23k | €43k | €11k | €14k | ▲ 21.7% |
| Other amounts receivable41 | €372 | €7k | €6k | €5k | €603 | ▼ 87.1% |
| Current investments50/53 | €35k | €35k | - | - | - | - |
| Cash at bank and in hand54/58 | €31k | €40k | €95k | €81k | €61k | ▼ 25.1% |
| Deferred charges and accrued income490/1 | €242 | €275 | €340 | €283 | €311 | ▲ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €118k | €156k | €112k | €90k | ▼ 19.9% |
| Equity10/15 | €22k | €55k | €20k | €59k | €24k | ▼ 59.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €1k | €40k | €5k | ▼ 87.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €1k | €40k | €5k | ▼ 87.5% |
| Profit (loss) carried forward14 | €2k | €34k | - | - | - | - |
| Amounts payable17/49 | €83k | €64k | €136k | €53k | €66k | ▲ 24.1% |
| Amounts payable after more than one year17 | - | - | €21k | €10k | €6k | ▼ 37.4% |
| Other amounts payable178/9 | - | - | €21k | €10k | €6k | ▼ 37.4% |
| Amounts payable within one year42/48 | €83k | €64k | €115k | €43k | €60k | ▲ 37.8% |
| Financial debts43 | - | €256 | - | - | - | - |
| Credit institutions430/8 | - | €256 | - | - | - | - |
| Trade debts44 | €1k | €2k | €1k | €2k | €662 | ▼ 61.4% |
| Suppliers440/4 | €1k | €2k | €1k | €2k | €662 | ▼ 61.4% |
| Taxes, remuneration and social security45 | €10k | €762 | €14k | €7k | €8k | ▲ 13.8% |
| Taxes450/3 | €10k | €762 | €14k | €7k | €8k | ▲ 13.8% |
| Other amounts payable47/48 | €71k | €61k | €100k | €35k | €52k | ▲ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €33k | €66k | €39k | €52k | ▲ 33.9% |
| + Depreciation and write-downs630 | €2k | €2k | €1k | €1k | €1k | ▲ 38.7% |
| Operating cash flow (approximation) | €73k | €34k | €67k | €40k | €53k | ▲ 34.0% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-4k | €-1k | ▲ 64.9% |
| Change in cash | - | €9k | €55k | €-14k | €-20k | ▼ 45.5% |
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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €70k ▲27.4%
Operating result €89k, net result €70k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2015
Ground area
133 m²
Building footprint
83 m²
Volume, LiDAR
577 m³
Parcel 44362B0288/00F011, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XITTEZ
since 20152.242.168.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0288/00F011 | Flanders | 133 m² | 1 · 83 m² | 11.7 m · 2 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,920 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
Founded24-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.