Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THIRD DEGREE from Merelbeke-Melle, company number BE0653707744, closed financial year 2025 with a result of € 27,593 after tax. For that financial year THIRD DEGREE recorded a gross margin of € 90,534 and equity of € 269,210. Compared with financial year 2024, the result moved from € 94,310 to € 27,593. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 269,210
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,593
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 43,386
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 263,010.
People and assets in 2025
€ 70
▼ 89% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 143,953
▼ 29% vs 2024
€ 60,084 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 25,048
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,685
▼ 67% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 142,983 | € 197,080 | € 191,418 | € 90,534 | ▼ 53% |
| Profit after taxes | € 72,636 | € 98,846 | € 94,310 | € 27,593 | ▼ 71% |
| Equity | € 374,642 | € 326,073 | € 241,617 | € 269,210 | ▲ 11% |
| Total debts | € 422,858 | € 402,403 | € 534,662 | € 380,981 | ▼ 29% |
| Cash | € 79,401 | € 62,320 | € 156,508 | € 43,386 | ▼ 72% |
| Land & buildings | € 566,387 | € 525,905 | € 488,741 | € 452,229 | ▼ 7% |
| Retained profit | € 368,442 | € 319,873 | € 235,417 | € 263,010 | ▲ 12% |
| Dividend | € 0 | € 147,415 | € 178,766 | € 0 | ▼ 100% |
| Bank debt | € 316,439 | € 260,177 | € 202,956 | € 143,953 | ▼ 29% |
| Balance sheet total | € 797,500 | € 728,476 | € 776,279 | € 650,192 | ▼ 16% |
Key figures of THIRD DEGREE, 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 THIRD DEGREE?
What happened at THIRD DEGREE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,593 (▼ 71% vs 2024). filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,636 profit in 2022 to € 27,593 profit in 2025.
Paid € 125,646 in corporate taxes since 2022.
Best year ever: 2023, with € 98,846 profit.
Paid out € 326,181 in dividends to the owners in total.
A new publication or filing at THIRD DEGREE? 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
Behind THIRD DEGREE is Nicholas De Walsche. Nicholas De Walsche is also behind Prato and Prato Capital.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Van Goethemstraat 45
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0653.707.744
- VAT number
- BE 0653.707.744
- Registered office
- Van Goethemstraat 45, 9820 Merelbeke-Melle
- Names & denominations
- THIRD DEGREE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2016
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
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