ACTIVE

Equals Three

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Financial year 2025 · closed on 31/12/2025

Net result

1 k €

-83.7% YoY

Gross margin

828,3 k €

+31.6% YoY

Equity

628,3 k €

+0.2% YoY

Workforce

11,8 ETP

What does Equals Three do?

Equals Three is a Private limited company incorporated in 2012. Its registered office is in Antwerpen. It employs on average 11,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0849.438.797

Incorporation

03/10/2012

Legal form

Private limited company

Registered office

Justitiestraat 6B
2018 Antwerpen · FlandreSee on map

Contributed capital

7 500,00 €

Latest accounts

31/12/2025

Average workforce

11,8 ETP

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	828,3 k €	+31.6%	629,2 k €	-18.7%	774,2 k €	+10.9%	698 k €	+10.6%	630,9 k €	+25.9%	501 k €	+58.5%	316,2 k €	+9.7%	288,2 k €	+39.6%	206,5 k €	+23.6%	167 k €	+50.5%	111 k €	+24.0%	89,5 k €	+1715%	4,9 k €
EBITDA	38,8 k €	+123%	-169,9 k €	-340%	70,9 k €	-65.4%	205,1 k €	+0.6%	203,9 k €	-6.8%	218,9 k €	+124%	97,9 k €	-57.5%	230,4 k €	+97.5%	116,6 k €	-11.1%	131,2 k €	+20.4%	109 k €	+23.3%	88,4 k €	+1726%	4,8 k €
Operating result	17,6 k €	+109%	-188,7 k €	-529%	44 k €	-75.8%	181,6 k €	+0.0%	181,6 k €	-8.0%	197,4 k €	+163%	75,2 k €	-64.5%	211,6 k €	+97.5%	107,2 k €	-12.3%	122,2 k €	+17.0%	104,5 k €	+27.6%	81,9 k €	+16485%	-500 €
Net result	1 k €	-83.7%	6,4 k €	-49.2%	12,5 k €	-89.9%	123,5 k €	-0.6%	124,3 k €	+0.1%	124,1 k €	+156%	48,6 k €	-67.0%	147,4 k €	+140%	61,4 k €	-22.0%	78,7 k €	-12.2%	89,6 k €	+29.9%	69 k €	+7147%	-979 €
Balance sheet
Equity	628,3 k €	+0.2%	627,3 k €	+1.0%	620,9 k €	+2.1%	608,4 k €	+25.5%	484,9 k €	+5.3%	460,6 k €	+36.9%	336,5 k €	-2.2%	344,1 k €	+73.8%	198 k €	+44.9%	136,6 k €	+132%	58,9 k €	+101%	29,2 k €	+348%	6,5 k €
Total assets	1,2 M €	-8.5%	1,3 M €	+1.9%	1,2 M €	+5.3%	1,2 M €	-6.8%	1,3 M €	+13.2%	1,1 M €	+10.5%	1 M €	+29.7%	778,8 k €	+168%	291 k €	+25.9%	231,1 k €	+29.1%	179 k €	+52.5%	117,4 k €	+267%	32 k €
Cash	483,7 k €	-23.7%	633,8 k €	+29.5%	489,5 k €	+22.5%	399,7 k €	-38.3%	647,6 k €	+15.1%	562,8 k €	+22.6%	459,2 k €	+150%	184 k €	+45.6%	126,4 k €	+12.2%	112,6 k €	+43.8%	78,3 k €	+119%	35,8 k €	+989%	3,3 k €
Debts	527,2 k €	-16.7%	633,2 k €	+2.3%	619,1 k €	+8.8%	569,2 k €	-26.9%	778,2 k €	+18.7%	655,4 k €	-2.7%	673,8 k €	+55.8%	432,6 k €	+376%	90,8 k €	-3.9%	94,5 k €	-21.3%	120,2 k €	+36.3%	88,2 k €	+246%	25,5 k €
Other
Workforce	11,8 ETP		–		–		9,3 ETP	+14.8%	8,1 ETP		–		–		–		–		–		–		–		–

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 · 16 ended

Active mandates

Mark Tomorrow

Director · 0787.641.681

Represented by Orlando Thuysbaert

Active

Ended mandates

Distillery M

Director · since 31 mars 2021 · 0740.515.618

Represented by Mathias Schaubroeck

Ended

Distillery O

Director · since 31 mars 2021 · 0740.518.388

Represented by Orlando Thuysbaert

Ended

Distillery M

Director · since 30 mars 2021 · 0740.515.618

Represented by Mathias SCHAUBROECK

Ended

Distillery O

Director · since 30 mars 2021 · 0740.518.388

Represented by Orlando THUYSBAERT

Ended

At this address

Other companies at this address

Company	CBE no.
Consulat général de la République démocratique du Congo à Anvers● Active	0851.243.294
Deelvereniging van Mede-eigenaars Justitiestraat te Antwerpen, Justitiestraat 6B● Active	0542.716.285
Groep Equals Three● Active	1001.789.373
Vereniging van Mede-eigenaars van complex Residentie Britselei - Justitiestraat● Active	0841.201.123

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	20/06/2025	12/04/2024	27/07/2023	31/05/2022	31/05/2021
General meeting	24/06/2026	04/04/2025	03/04/2024	13/07/2023	01/04/2022	02/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/04/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/04/2024	12/04/2024	Dutch	PDF
Abridged model	31/12/2022	13/07/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/04/2022	31/05/2022	Dutch	PDF
Micro model	31/12/2020	02/04/2021	31/05/2021	Dutch	PDF
Micro model	31/12/2019	03/04/2020	31/05/2020	Dutch	PDF
Micro model	31/12/2018	05/04/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	06/04/2018	26/07/2018	Dutch	PDF
Micro model	31/12/2016	07/04/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	30/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/04/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	30/06/2014	Dutch	PDF

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 · 16 ended

Active mandates

Mark Tomorrow

Director · 0787.641.681

Represented by Orlando Thuysbaert

Active

Ended mandates

Distillery M

Director · since 31 mars 2021 · 0740.515.618

Represented by Mathias Schaubroeck

Ended

Distillery O

Director · since 31 mars 2021 · 0740.518.388

Represented by Orlando Thuysbaert

Ended

Distillery M

Director · since 30 mars 2021 · 0740.515.618

Represented by Mathias SCHAUBROECK

Ended

Distillery O

Director · since 30 mars 2021 · 0740.518.388

Represented by Orlando THUYSBAERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2024
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/12/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/07/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other18/10/2012
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

2025
Annual accounts 20251 k €↓
2024
Annual accounts 20246,4 k €↓
2024
Name changeEquals Three
2023
Annual accounts 202312,5 k €↓
2022
Annual accounts 2022123,5 k €↓
2021
Annual accounts 2021124,3 k €↑
2020
Annual accounts 2020124,1 k €↑
2019
Annual accounts 201948,6 k €↓
2018
Annual accounts 2018147,4 k €↑
2017
Annual accounts 201761,4 k €↓
2016
Annual accounts 201678,7 k €↓
2015
Annual accounts 201589,6 k €↑
2014
Annual accounts 201469 k €↑
2013
Annual accounts 2013-979 €
2013
Name changeAbsintt
03/10/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Equals Three

Overview

What does Equals Three do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline