Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
3E from Brussel, company number BE0465755594, closed financial year 2025 with a result of € -4.3 million after tax. For that financial year 3E recorded revenue of € 13 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -4.5 million to € -4.3 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 2.1 million
▲ € 1.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.3 million
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 958,385
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -272,002.
People and assets in 2025
78.3
▼ 4.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.4 million
▲ 2% vs 2024
€ 94,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 37,519
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.9 million
▼ 4% vs 2024
€ 220,016 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 2.1 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 1.4 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,284,540 | € 10,851,232 | € 11,210,774 | € 12,981,465 | ▲ 16% |
| Profit after taxes | € 2,043,179 | € -3,452,291 | € -4,489,845 | € -4,319,339 | ▲ € 170,506 |
| Equity | € 3,356,205 | € -96,086 | € 414,030 | € 2,094,650 | ▲ € 1.7 million |
| Total debts | € 5,944,586 | € 10,897,010 | € 13,600,219 | € 13,667,464 | |
| Cash | € 732,822 | € 202,626 | € 526,143 | € 958,385 | ▲ 82% |
| Retained profit | € 2,008,239 | € -1,444,052 | € 21,345 | € -272,002 | ▼ € 293,347 |
| Bank debt | € 2,779,548 | € 6,306,357 | € 8,227,524 | € 7,903,272 | ▼ 4% |
| Balance sheet total | € 9,300,791 | € 10,800,924 | € 14,014,249 | € 15,762,115 | ▲ 12% |
| Employees (FTE) | 56.9 | 72.8 | 82.4 | 78.3 | ▼ 4.1 |
Key figures of 3E, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to 3E?
What happened at 3E in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vikash Jain stepped down as director. NBB
- Nikunj Kathuria stepped down as director. NBB
- Vikram Kapur stepped down as director. NBB
- Geert Palmers BVBA stepped down as director. NBB
- Nutsbedrijven Houdstermaatschappij CVBA stepped down as director. NBB
- Werner Koninckx BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.3 million. Source: NBB ↗
- Vikash Jain became a director. NBB
In short
From € 2 million profit in 2022 to € 4.3 million loss in 2025.
Best year ever: 2022, with € 2 million profit.
Pays suppliers within 83 days on average.
A new publication or filing at 3E? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Lansekyn, Geert Palmers, IMPACT CAPITAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
3EThe shares are held by ReNew Power International Ltd (75.1%), Energy Transition Partners NV (23.1%), Luc De Gheselle BVBA (1.5%), Stichting Administratiekantoor 3E (0.3%), Lansekyn (18.1%) and Geert Palmers (10.5%). It owns 100% of 3E USA Inc., 100% of LivLiner BV, 100% of 3E Renewable Energy Services (Pty) Ltd., 100% of 3E RENEWABLE ENERGY SOFTWARE AND SERVICES IBERICA S.L.U., 100% of 3E France SARL and 100% of 3E Renewable Energy Software and Services Pvt Ltd itself.
Directors
According to the 2025 annual accounts
Nutsbedrijven Houdstermaatschappij CVBA
Director · represented by Ludo Kelchtermans
Also active at: A.I.T. EUROPE, CIPAL, WIND EN WATER ENERGIE PRODUCENT, C-POWER HOLDCO, SeaMade, BIONERGA LOGISTICS, NUHMERIS, BIOSTOOM BELGIË +21 more
since 2021 · until 2027
Nikunj Kathuria
Director
since 2022 · until 2028
Director · represented by Werner Koninckx
Also active at: Energy Transition Partners, CUSTOMS4TRADE
since 2021 · until 2027
Vikram Kapur
Director
since 2022 · until 2028
Director · represented by Geert Palmers
Owns 4.4% via Energy Transition Partners NV
Also active at: Energy Transition Partners
since 2022 · until 2028
Vikash Jain
Director
since 2024 · until 2030
Shareholders
ReNew Power International Ltd
75.1%
Energy Transition Partners NV · holding of Geert Palmers BVBA
23.1%
1.5%
Stichting Administratiekantoor 3E
0.3%
18.1%
10.5%
10%
Participations
3E USA Inc.
100%
100%
3E Renewable Energy Services (Pty) Ltd.
100%
3E RENEWABLE ENERGY SOFTWARE AND SERVICES IBERICA S.L.U.
100%
3E France SARL
100%
3E Renewable Energy Software and Services Pvt Ltd
100%
Establishments
Establishment units
Physical locations of this company
Kalkkaai 6
1000 Brussel
Rue du Grand Moulin(Jod.) 11
1370 Jodoigne
Active since 23 January 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
3e.eu
Registrar
OVH SAS
Website info
Features
Security
Details
- Company number
- 0465.755.594
- VAT number
- BE 0465.755.594
- Registered office
- Kalkkaai 6, 1000 Brussel
- Names & denominations
- 3E
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1999
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- 3e.eu
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