Three Headed Giant
ActiveThree Headed Giant has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-702k) and a net result of €-259k. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth27▼-5
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.52 in 2024; short-term debt: 238.7% and cash: 1.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
-139.4%
Return on assets
-51.4%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-702k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
22 d late
2023
20 d early
2022
1 d late
2021
1 d late
2020
19 d late
2019
17 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€975k▼ 30.7%
2024 · €1.41M
2018: €1.46M
2019: €1.34M
2020: €1.61M
2021: €1.82M
2022: €1.93M
2023: €1.96M
2024: €1.41M
2018 → 2025
EBIT margin
-22.7%▼ 2.5pp
2024 · -20.2%
2018: 11.0%
2019: -0.3%
2020: -3.5%
2021: 5.1%
2022: 9.4%
2023: 4.3%
2024: -20.2%
2018 → 2025
Net result
€-259k▲ 18.2%
2024 · €-316k
2018: €129k
2019: €-31k
2020: €-87k
2021: €60k
2022: €156k
2023: €49k
2024: €-316k
2018 → 2025
Working capital
€-702k▼ 57.0%
2024 · €-447k
2018: €-329k
2019: €-347k
2020: €-417k
2021: €-339k
2022: €-183k
2023: €-33k
2024: €-447k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.82M-€1.93M▲ 6.2%€1.96M▲ 1.4%€1.41M▼ 28.1%€975k▼ 30.7%
Equity€-332k-€-176k▲ 47.1%€-127k▲ 27.9%€-443k▼ 250%€-702k▼ 58.4%
Operating result€93k-€181k▲ 94.5%€85k▼ 53.0%€-284k€-221k▲ 22.1%
Net result€60k-€156k▲ 162%€49k▼ 68.7%€-316k€-259k▲ 18.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €221k in 2025 against €284k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €503k
Fixed assets
€4k▼ 30.0%
Current assets
€499k▲ 2.2%
Key figures and ratios
EBITDA
€-218k▲
2024 · €-279k
Cash flow
€-255k▲
2024 · €-311k
Solvency
-139.4%▼
2024 · -89.6%
Current ratio
0.42▼
2024 · 0.52
Quick ratio
0.42▼
2024 · 0.52
Debt / equity
-1.72▲
2024 · -2.11
ROA
-51.4%▲
2024 · -64.0%
Interest coverage
-5.94▲
2024 · -8.99
Debt
€1.20M▲
2024 · €937k
Debt ≤ 1 year
€1.20M▲
2024 · €936k
Income taxes
€726▼
2024 · €1k
Staff costs
€313k▼
2024 · €468k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€494k€503k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€5k€4k▼
Current assets29/58€489k€499k▲
Amounts receivable within one year40/41€476k€487k▲
Trade receivables40€443k€477k▲
Other amounts receivable41€34k€9k▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€494k€503k▲
Equity10/15€-443k€-702k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-505k€-764k▼
Provisions and deferred taxes16€531€821▲
Provisions for liabilities and charges160/5€531€821▲
Pensions and similar obligations160€531€821▲
Amounts payable17/49€937k€1.20M▲
Amounts payable within one year42/48€936k€1.20M▲
Trade debts44€285k€316k▲
Suppliers440/4€285k€316k▲
Taxes, remuneration and social security45€108k€80k▼
Taxes450/3€45k€52k▲
Remuneration and social security454/9€63k€28k▼
Other amounts payable47/48€543k€805k▲
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Turnover70€1.41M€975k▼
Non-recurring operating income76A€447-
Goods, raw materials, services and sundry goods60/61€1.23M€920k▼
Remuneration, social security and pensions62€468k€313k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€531€289▼
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A-€15
Gross operating margin9900€194k€98k▼
Operating profit (loss)9901€-284k€-221k▲
Financial income75/76B€9€35▲
Recurring financial income75€9€35▲
Financial charges65/66B€31k€37k▲
Recurring financial charges65€31k€37k▲
Profit (loss) for the period before taxes9903€-315k€-258k▲
Income taxes67/77€1k€726▼
Profit (loss) for the period9904€-316k€-259k▲
Profit (loss) for the period to be appropriated9905€-316k€-259k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-505k€-764k▼
Profit (loss) brought forward from the previous period14P€-189k€-505k▼
Social balance
Average headcount (FTE)90876.03.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €-316k ▼747%
Net result drops to €-316k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
31-12
Financial
Highest result since 2018net €156k ▲162%
Operating result €181k, net result €156k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Back to profitnet €60k
Net result €60k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-10-2019
Resigned as Director
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prins Boudewijnlaan 242550 KontichGround area
1,042 m²
Building footprint
340 m²
Volume, LiDAR
1,750 m³
Parcel 11024B0091/00R002, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Three Headed Giant
since 20122.211.004.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0091/00R002 | Flanders | 1,042 m² | 1 · 339 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Ömer Turna | - → 01-01-2017 |
Show 1 earlier auditors
| EY Bedrijfsrevisoren BV Statutory auditor · represented by Paul Eelen | - → 29-09-2020 |
Structure & network
Connections & network
15 connected companiesNetwork connections
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Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,363 EUR awarded · 1,363 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,363 EUR | 1,363 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 1,678 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-06-2012
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.