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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Three Development from Gent, company number BE0748422405, closed financial year 2025 with a result of € -1,784 after tax. For that financial year Three Development recorded a gross margin of € -1,195 and equity of € -74,186. Compared with financial year 2024, the result moved from € -1,948 to € -1,784. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -74,186
▼ € 1,784 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,784
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 22,722
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -79,186.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -54,588 | € -1,182 | € -1,377 | € -1,195 | ▲ € 182 |
| Profit after taxes | € -65,096 | € -1,737 | € -1,948 | € -1,784 | ▲ € 164 |
| Equity | € -68,716 | € -70,453 | € -72,402 | € -74,186 | ▼ € 1,784 |
| Total debts | € 146,908 | € 146,908 | € 96,908 | € 96,908 | |
| Cash | € 73,099 | € 71,131 | € 19,096 | € 22,722 | ▲ 19% |
| Retained profit | € -73,716 | € -75,453 | € -77,402 | € -79,186 | ▼ € 1,784 |
| Balance sheet total | € 78,192 | € 76,455 | € 24,507 | € 22,722 | ▼ 7% |
Key figures of Three Development, 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 Three Development?
What happened at Three Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,784. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Isabelle Verraes became a director. NBB
- Alex De Witte became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 65,096 loss in 2022 to € 1,784 loss in 2025.
Management
Behind Three Development are Isabelle Verraes and Alex De Witte. The same people are also behind ARS EN THEMIS, ASSETS INVEST, THREE INVEST and WATT FACTORY. Alex De Witte is also behind ARGIBEL, BUILDING, BOEVERIE, LIEGE BECASSE and XIOR Namen.
Directors
According to the 2025 annual accounts
since 2020
Alex De Witte
Director
Also active at: ARGIBEL, ARS EN THEMIS, BUILDING, ASSETS INVEST, THREE INVEST, WATT FACTORY, BOEVERIE, LIEGE BECASSE +25 more
since 2020
Establishments
Establishment units
Physical locations of this company
Schoonzichtstraat 6
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0748.422.405
- VAT number
- BE 0748.422.405
- Registered office
- Schoonzichtstraat 6, 9051 Gent
- Names & denominations
- Three Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2020
- Peppol
- Active · Active since 9 Dec 2025