THREE SUN
ActiveSummary
The annual accounts of THREE SUN for fiscal year 2025 show a net loss of 52% of total assets and of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €2,309 and a net result of -€42,414. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 1323 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency28▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.75 against 1.22 in 2024; short-term debt: 76.9% and cash: 17.8% of total assets), and 97.2% 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+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.8%
Return on assets
-51.7%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
34 d early
2023
40 d early
2022
73 d early
2021
82 d early
2020
1 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 16 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,309▼ 94.8%
2024 · €44,723
Total assets
€82,004▼ 50.1%
2024 · €164,237
Net result
-€42,414
2024 · €5,608
Working capital
-€16,034
2024 · €26,141
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,399€28,649€53,484▲ 86.7%€17,062▼ 68.1%-€41,959
Net result-€10,083within the sector's middle half€26,181within the sector's middle half€34,940above the sector's middle half▲ 33.5%€5,608within the sector's middle half▼ 84.0%-€42,414below the sector's middle half
Equity-€22,006below the sector's middle half▼ 84.6%€4,176within the sector's middle half€39,116within the sector's middle half▲ 837%€44,723within the sector's middle half▲ 14.3%€2,309within the sector's middle half▼ 94.8%
Total assets€6,714below the sector's middle half▼ 56.2%€140,277within the sector's middle half▲ 1,989%€236,294within the sector's middle half▲ 68.4%€164,237within the sector's middle half▼ 30.5%€82,004below the sector's middle half▼ 50.1%
Debt€28,719▲ 5.3%€136,101▲ 374%€197,178▲ 44.9%€119,513▼ 39.4%€79,695▼ 33.3%
Working capital-€20,694within the sector's middle half▼ 74.5%€3,838within the sector's middle half€26,901within the sector's middle half▲ 601%€26,141within the sector's middle half▼ 2.8%-€16,034within the sector's middle half
Solvency-327.8%below the sector's middle half▼ 250.1pp3.0%within the sector's middle half▲ 330.7pp16.6%within the sector's middle half▲ 13.6pp27.2%within the sector's middle half▲ 10.7pp2.8%within the sector's middle half▼ 24.4pp
Current ratio0.24within the sector's middle half▼ 0.321.03within the sector's middle half▲ 0.781.14within the sector's middle half▲ 0.111.22within the sector's middle half▲ 0.080.75within the sector's middle half▼ 0.48
Return on assets (ROA)-150.2%below the sector's middle half▼ 321.2pp18.7%above the sector's middle half▲ 168.8pp14.8%above the sector's middle half▼ 3.9pp3.4%within the sector's middle half▼ 11.4pp-51.7%below the sector's middle half▼ 55.1pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41,959 after €17,062 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,004
Fixed assets
€34,950 ▲ 71.4%
Current assets
€47,054 ▼ 67.3%
Equity and liabilities €82,004
Equity
€2,309 ▼ 94.8%
Debt
€79,695 ▼ 33.3%
Debt's share of the balance-sheet total rises from 72.8% to 97.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€36,844▼
2024 · €20,274
Cash flow
-€37,300▼
2024 · €8,820
Debt to equity
34.52▲
2024 · 2.67
Interest coverage
-80.87▼
2024 · 21.16
Debt ≤ 1 year
€63,088▼
2024 · €117,701
A ratio outside any meaningful range has been withheld (balance sheet total €82,004, equity €2,309).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 541 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.5%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 541 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,592 | €3,212 | €5,115 | ▲ 59.2% |
| Other operating charges640/8 | - | €410 | €1,376 | €2,195 | €1,203 | ▼ 45.2% |
| Gross operating margin9900 | -€2,990 | €29,058 | €56,452 | €22,469 | -€35,642 | ▼ 259% |
| Operating profit (loss)9901 | -€3,399 | €28,649 | €53,484 | €17,062 | -€41,959 | ▼ 346% |
| Financial income75/76B | - | €6 | €63 | €460 | - | - |
| Recurring financial income75 | €15 | €6 | €63 | €460 | - | - |
| Financial charges65/66B | - | €261 | €1,178 | €6,403 | €456 | ▼ 92.9% |
| Recurring financial charges65 | €99 | €261 | €1,178 | €958 | €456 | ▼ 52.5% |
| Non-recurring financial charges66B | - | - | - | €5,445 | - | - |
| Profit (loss) for the period before taxes9903 | -€10,083 | €28,393 | €52,370 | €11,119 | -€42,414 | ▼ 481% |
| Income taxes67/77 | - | €2,212 | €17,430 | €5,512 | - | - |
| Profit (loss) for the period9904 | -€10,083 | €26,181 | €34,940 | €5,608 | -€42,414 | ▼ 856% |
| Profit (loss) for the period to be appropriated9905 | -€10,083 | €26,181 | €34,940 | €5,608 | -€42,414 | ▼ 856% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,714 | €140,277 | €236,294 | €164,237 | €82,004 | ▼ 50.1% |
| Fixed assets21/28 | - | €1,900 | €13,857 | €20,395 | €34,950 | ▲ 71.4% |
| Tangible fixed assets22/27 | - | - | €6,957 | €15,395 | €32,450 | ▲ 111% |
| Plant, machinery and equipment23 | - | - | €2,439 | €5,888 | €4,397 | ▼ 25.3% |
| Furniture and vehicles24 | - | - | €4,518 | €9,507 | €28,053 | ▲ 195% |
| Financial fixed assets28 | - | €1,900 | €6,900 | €5,000 | €2,500 | ▼ 50.0% |
| Current assets29/58 | €6,714 | €138,377 | €222,436 | €143,842 | €47,054 | ▼ 67.3% |
| Amounts receivable within one year40/41 | €5,965 | €111,677 | €155,521 | €92,376 | €25,227 | ▼ 72.7% |
| Trade receivables40 | - | €110,422 | €129,963 | €82,918 | €10,591 | ▼ 87.2% |
| Other amounts receivable41 | - | €1,255 | €25,558 | €9,458 | €14,636 | ▲ 54.7% |
| Cash at bank and in hand54/58 | €749 | €26,700 | €66,915 | €40,991 | €14,636 | ▼ 64.3% |
| Deferred charges and accrued income490/1 | - | - | - | €10,475 | €7,191 | ▼ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,714 | €140,277 | €236,294 | €164,237 | €82,004 | ▼ 50.1% |
| Equity10/15 | -€22,006 | €4,176 | €39,116 | €44,723 | €2,309 | ▼ 94.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€30,065 | -€3,884 | €31,056 | €36,664 | -€5,750 | ▼ 116% |
| Amounts payable17/49 | €28,719 | €136,101 | €197,178 | €119,513 | €79,695 | ▼ 33.3% |
| Amounts payable within one year42/48 | €27,407 | €134,539 | €195,536 | €117,701 | €63,088 | ▼ 46.4% |
| Financial debts43 | - | €33 | - | - | - | - |
| Credit institutions430/8 | - | €33 | - | - | - | - |
| Trade debts44 | €554 | €98,655 | €126,337 | €88,517 | €24,523 | ▼ 72.3% |
| Suppliers440/4 | - | €98,655 | €126,337 | €88,517 | €24,523 | ▼ 72.3% |
| Taxes, remuneration and social security45 | - | €2,544 | €17,430 | €5,512 | - | - |
| Taxes450/3 | - | €2,544 | €17,430 | €5,512 | - | - |
| Other amounts payable47/48 | - | €33,307 | €51,769 | €23,673 | €38,566 | ▲ 62.9% |
| Accrued charges and deferred income492/3 | - | €1,562 | €1,642 | €1,812 | €16,607 | ▲ 816% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,083 | €26,181 | €34,940 | €5,608 | -€42,414 | ▼ 856% |
| + Depreciation and write-downs630 | - | - | €1,592 | €3,212 | €5,115 | ▲ 59.2% |
| Operating cash flow (approximation) | -€10,083 | €26,181 | €36,532 | €8,820 | -€37,300 | ▼ 523% |
| Investment in fixed assets (approximation) | - | - | -€13,549 | -€9,749 | -€19,670 | ▼ 102% |
| Change in cash | - | €25,950 | €40,216 | -€25,924 | -€26,355 | ▼ 1.7% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€42,414
Net result drops to -€42,414, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €34,940 ▲33.5%
Operating result €53,484, net result €34,940, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €26,181
Net result €26,181 after one loss-making year.
30-09
Financial
Liquidity quadruplescurrent ratio 1.03
Current ratio from 0.24 to 1.03.
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €22,269
Net result €22,269 after one loss-making year.
Show earlier events
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Hasselt · 1 establishment unit since 1999
Ground area
1,226 m²
Building footprint
260 m²
Volume, LiDAR
1,546 m³
Parcel 71054B0003/00N000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Diestersteenweg 420, 3510 Hasselt
since 19992.091.292.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71054B0003/00N000 | Flanders | 1,226 m² | 1 · 260 m² | 7.8 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 2,393 companies in sector 55100 we hold annual accounts for 1,517. 216 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
Founded08-04-1999
Fiscal year end30-09
Activities, NACEBEL 2025
55100Hotels and similar accommodation
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465837055
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.