Financials
- Fiscal year
- 2025
- Turnover
- €13.0m
- Loss
- -€4.3m
- Solvency
- 13.3%
Turnover▲ 15.8%
Net result
20182025
3E
ActiveSummary
The annual accounts of 3E for fiscal year 2025 show a net loss of 1,043% of the equity at the start of that year. The 2025 annual accounts show equity of €2.1m and a net result of -€4.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 866 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 1.0% (low).
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 74203
2 sites
Size
€13.0mturnover 2025
- Staff
- 78.3 FTE
- Equity
- €2.1m
- Loss
- -€4.3m
Structure
- Parent
- ReNew Power International Ltd · 75.13%
- Board
- 9 members
- Holdings
- 6
Auditor: EY BedrijfsrevisorenAccounts 79 d early
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €4.3m, the second in a row (FY 2025)- Equity €2.1m (13.3% of total assets)- Liquidity: current ratio 0.84, cash €958,385+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 35% of its sector peers (NACE 71, medium-sized)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
38+10
equity 13.3% of total assets
Liquidity
31+7
short-term debt 52.4% · cash 6.1%
Profitability
0=
return on assets -27.4%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.6%
12-2024: 2.6%● 0.0% vs 11-2024
01-2025: 2.6%● 0.0% vs 12-2024
02-2025: 2.6%▼ -2.8% vs 01-2025
03-2025: 2.6%▲ +1.9% vs 02-2025
04-2025: 2.7%▲ +1.1% vs 03-2025
05-2025: 2.7%▲ +0.5% vs 04-2025highest value
06-2025: 1.3%▼ -50.2% vs 05-2025
07-2025: 1.3%● 0.0% vs 06-2025
08-2025: 1.3%● 0.0% vs 07-2025
09-2025: 1.3%● 0.0% vs 08-2025
10-2025: 1.3%● 0.0% vs 09-2025
11-2025: 1.3%● 0.0% vs 10-2025
12-2025: 1.3%● 0.0% vs 11-2025
01-2026: 1.3%● 0.0% vs 12-2025
02-2026: 1.3%▼ -3.2% vs 01-2026
03-2026: 1.3%▲ +1.6% vs 02-2026
04-2026: 1.3%● 0.0% vs 03-2026
05-2026: 1.3%▲ +0.5% vs 04-2026
06-2026: 1.0%▼ -25.8% vs 05-2026lowest value
07-2026: 1.0%● 0.0% vs 06-2026lowest value
08-2026: 1.0%● 0.0% vs 07-2026lowest value
09-2026: 1.0%● 0.0% vs 08-2026lowest value
10-2026: 1.0%● 0.0% vs 09-2026lowest value
- Loss of €4.3m, the second in a row (FY 2025) raises the probability
- Equity €2.1m (13.3% of total assets) raises the probability
- Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
- Liquidity: current ratio 0.84, cash €958,385 raises the probability
Credit up to €110,000 at 30 days 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 0.84 against 0.72 in 2024; short-term debt: 52.4% and cash: 6.1% of total assets), and 86.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, medium-sized). Better than this share of them on solvency 17%, liquidity 30%, profitability 2%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 866 sector peers (2025).
NBB · sector comparisonPosition among 866 sector peers
Solvency
better than 19%
← weakest
strongest →
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
72 d early
2023
on the day
2022
68 d early
2021
81 d early
2020
75 d early
2019
66 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 63 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
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. Usually files around 20 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Capital & sharesCapital increase · Statutes amendment…
- Annual accounts filedfiscal year 2025 · full…
- Capital & shares · Statutes amendmentCapital increase · Capital decrease…
Key points
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€4.3m View
- Positive: Equity rose in 2025from €414,030 to €2.1m ▲ 406% View
- Caution: Among the weakest 5% on net resultsector median €37,134 · 868 companies -€4.3m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by ReNew Power International Ltdknown shareholders 99.99% 75.13% View
- EU research moneyEU contribution €11.1m View
By topic
Board & ownership
- Board
- 9 members
- Parent
- ReNew Power International Ltd · 75.13%
- Known shareholders
- 99.99%
- Auditor
- EY Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Subsidiaries
- 6
- Connected companies
- 24
6 subsidiaries
Timeline
- Events
- 40
- Since
- 2004
- Next accounts
- by 31-07-2027
- 22-06-2026Capital & shares
- 13-05-2026Annual accounts filed
- 22-01-2026Capital & shares · Statutes amendment
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 31-03-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- Projectontwikkeling en productontwikkeling, onderzoek en ontwikkeling in de sector van…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.