ACTIVE

THIRD DEGREE

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
27,6 k €
-70.7% YoY
Gross margin
90,5 k €
-52.7% YoY
Equity
269,2 k €
+11.4% YoY

What does THIRD DEGREE do?

THIRD DEGREE is a Private limited company incorporated in 2016. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0653.707.744
Incorporation
02/05/2016
Legal form
Private limited company
Registered office
Van Goethemstraat 45
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
82990Other business support service activities n.e.c.· main82990Other business support service activities n.e.c.46499Wholesale of other household goods46499Wholesale of other household goods70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin90,5 k €191,4 k €197,1 k €143 k €13 k €87,9 k €215,6 k €158,3 k €127,9 k €141,9 k €
EBITDA88,5 k €188,6 k €195,4 k €141,6 k €11,7 k €86,5 k €213,7 k €155,9 k €127,8 k €141,5 k €
Operating result50,8 k €150,8 k €154,1 k €99,6 k €-34 k €22,8 k €150,8 k €134,5 k €109,6 k €141,4 k €
Net result27,6 k €94,3 k €98,8 k €72,6 k €-40,9 k €8,7 k €90,4 k €88,4 k €65,1 k €84,2 k €
Balance sheet
Equity269,2 k €241,6 k €326,1 k €374,6 k €302 k €342,9 k €334,2 k €243,8 k €155,5 k €90,4 k €
Total assets650,2 k €776,3 k €728,5 k €797,5 k €789,1 k €872,6 k €934,3 k €351,7 k €307,2 k €158,8 k €
Cash43,4 k €156,5 k €62,3 k €79,4 k €39,3 k €151,4 k €137,5 k €153,4 k €157,6 k €35,4 k €
Debts380,5 k €534,7 k €355,9 k €422,9 k €487,1 k €529,7 k €600 k €107,9 k €151,5 k €68,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Nicholas De Walsche

Manager

Active

Ended mandates

Nicholas De Walsche

Manager · since 28 avril 2016

Ended
Nicholas De Walsche

Director

Ended
Nicolas De Walsche

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
BILDUNG● Active
0789.432.916
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202630/08/202505/10/202429/09/202331/08/202228/10/2021
General meeting26/06/202631/07/202526/06/202426/06/202327/06/202226/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/06/202631/08/2026DutchPDF
Micro model31/12/202431/07/202530/08/2025DutchPDF
Micro model31/12/202326/06/202405/10/2024DutchPDF
Micro model31/12/202226/06/202329/09/2023DutchPDF
Micro model31/12/202127/06/202231/08/2022DutchPDF
Micro model31/12/202026/06/202128/10/2021DutchPDF
Micro model31/12/201926/06/202025/11/2020DutchPDF
Micro model31/12/201826/06/201931/10/2019DutchPDF
Micro model31/12/201726/06/201828/09/2018DutchPDF
Micro model31/12/201626/06/201725/08/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Nicholas De Walsche

Manager

Active

Ended mandates

Nicholas De Walsche

Manager · since 28 avril 2016

Ended
Nicholas De Walsche

Director

Ended
Nicolas De Walsche

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/06/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/05/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202527,6 k €↓
  2. 2024
    Annual accounts 202494,3 k €↓
  3. 2023
    Annual accounts 202398,8 k €↑
  4. 2022
    Annual accounts 202272,6 k €↑
  5. 2021
    Annual accounts 2021-40,9 k €↓
  6. 2020
    Annual accounts 20208,7 k €↓
  7. 2019
    Annual accounts 201990,4 k €↑
  8. 2018
    Annual accounts 201888,4 k €↑
  9. 2017
    Annual accounts 201765,1 k €↓
  10. 2016
    Annual accounts 201684,2 k €
  11. 02/05/2016
    IncorporationPrivate limited company