Three Cool
ActiveSummary
The computed 12-month bankruptcy probability of Three Cool is 2.1% (moderate). The 2025 annual accounts show equity of €88k and a net result of €686. Equity is growing by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 191 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-23
Solvency72▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.75 in 2024; short-term debt: 34.6% and cash: 6.7% of total assets), but 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
46.8%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
20 d late
2024
26 d late
2023
19 d late
2022
17 d late
2021
22 d late
2020
2 d early
← 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
€88k▲ 0.8%
2024 · €87k
2020: €5k
2021: €26k
2022: €40k
2023: €58k
2024: €87k
2020 → 2025
Total assets
€188k▲ 19.2%
2024 · €158k
2020: €35k
2021: €55k
2022: €92k
2023: €128k
2024: €158k
2020 → 2025
Net result
€686▼ 97.7%
2024 · €30k
2020: €176
2021: €21k
2022: €14k
2023: €18k
2024: €30k
2020 → 2025
Working capital
€72k▲ 48.8%
2024 · €48k
2020: €954
2021: €21k
2022: €26k
2023: €28k
2024: €48k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€40k▲ 53.2%€58k▲ 43.8%€87k▲ 51.2%€88k▲ 0.8%
Operating result€30k-€19k▼ 36.8%€28k▲ 48.0%€42k▲ 53.5%€3k▼ 93.2%
Net result€21k-€14k▼ 33.7%€18k▲ 26.3%€30k▲ 68.0%€686▼ 97.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€51k ▲ 14.4%
Current assets
€137k ▲ 21.1%
Equity and liabilities €188k
Equity
€88k ▲ 0.8%
Debt
€100k ▲ 42.0%
Debt's share of the balance-sheet total rises from 44.6% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €59k
Cash flow
€16k▼
2024 · €46k
Current ratio
2.11▲
2024 · 1.75
Quick ratio
1.24▼
2024 · 1.28
Debt to equity
1.14▲
2024 · 0.81
ROE
0.8%▼
2024 · 33.9%
ROA
0.4%▼
2024 · 18.8%
Interest coverage
8.21▼
2024 · 20.81
Debt ≤ 1 year
€65k▲
2024 · €65k
Debt > 1 year
€35k▲
2024 · €6k
Income taxes
€7▼
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€158k€188k▲
Fixed assets21/28€45k€51k▲
Tangible fixed assets22/27€45k€51k▲
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€36k€45k▲
Current assets29/58€113k€137k▲
Stocks and contracts in progress3€30k€57k▲
Stocks30/36€30k€57k▲
Amounts receivable within one year40/41€57k€67k▲
Trade receivables40€49k€64k▲
Other amounts receivable41€8k€2k▼
Cash at bank and in hand54/58€26k€13k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€158k€188k▲
Equity10/15€87k€88k▲
Contributions10/11€5k€5k=
Reserves13€80k€80k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€3k€4k▲
Amounts payable17/49€70k€100k▲
Amounts payable after more than one year17€6k€35k▲
Financial debts170/4€6k€35k▲
Amounts payable within one year42/48€65k€65k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€59k€51k▼
Suppliers440/4€59k€51k▼
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Income statement
Code20242025
Non-recurring operating income76A-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€879€1k▲
Gross operating margin9900€60k€20k▼
Operating profit (loss)9901€42k€3k▼
Financial income75/76B-€25
Recurring financial income75-€25
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€40k€693▼
Income taxes67/77€10k€7▼
Profit (loss) for the period9904€30k€686▼
Profit (loss) for the period to be appropriated9905€30k€686▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€4k▼
Profit (loss) brought forward from the previous period14P€2k€3k▲
Transfer to equity691/2€29k-
To other reserves6921€29k-
The notes to these accounts (8 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2020net €30k ▲68%
Operating result €42k, net result €30k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.08 to 2.37.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2019
Ground area
861 m²
Building footprint
177 m²
Volume, LiDAR
767 m³
Parcel 44069A0883/00C000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Three Cool
since 20192.295.534.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44069A0883/00C000 | Flanders | 861 m² | 1 · 177 m² | 6.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 263 EUR awarded · 263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 263 EUR | 263 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 116 companies in sector 27510 we hold annual accounts for 87. 47 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
27510Manufacture of electrical equipment
28250Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
35300Electricity, gas, steam and air conditioning supply
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.