Macbeth 3
ActiveSummary
The computed 12-month bankruptcy probability of Macbeth 3 is 3.6% (moderate). The 2025 annual accounts show negative equity (-€5.8m) and a net result of -€4.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 731 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,861 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 92% are still going.
- 5 to 10 years old
- negative equity
- a small loss
- without size
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,861 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.1m | €5.3m | - | - | - | - |
| Turnover70 | €4.8m | €4.9m | - | - | - | - |
| Other operating income74 | €342,682 | €364,723 | - | - | - | - |
| Non-recurring operating income76A | - | - | €1.1m | - | - | - |
| Operating charges60/66A | €2.7m | €2.7m | - | - | - | - |
| Services and other goods61 | €232,201 | €442,544 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.9m | €1.9m | €1.9m | €2.1m | €3.2m | ▲ 49.8% |
| Other operating charges640/8 | €343,363 | €351,701 | €385,515 | €400,904 | €412,819 | ▲ 3.0% |
| Non-recurring operating charges66A | €227,277 | - | €2.8m | - | - | - |
| Gross operating margin9900 | - | - | €646,434 | -€402,501 | €1.9m | ▲ 575% |
| Operating profit (loss)9901 | €2.4m | €2.6m | -€4.5m | -€2.9m | -€1.7m | ▲ 42.7% |
| Financial charges65/66B | €2.7m | €2.7m | €2.5m | €4.7m | €3.3m | ▼ 30.5% |
| Recurring financial charges65 | €2.7m | €2.7m | €2.5m | €4.7m | €3.3m | ▼ 30.5% |
| Debt charges650 | €2.7m | €2.7m | - | - | - | - |
| Other financial charges652/9 | - | €14,069 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€304,767 | -€140,527 | -€6.9m | -€7.6m | -€4.9m | ▲ 35.2% |
| Profit (loss) for the period9904 | -€304,767 | -€140,527 | -€6.9m | -€7.6m | -€4.9m | ▲ 35.2% |
| Profit (loss) for the period to be appropriated9905 | -€304,767 | -€140,527 | -€6.9m | -€7.6m | -€4.9m | ▲ 35.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50.3m | €47.0m | €44.6m | €46.6m | €53.5m | ▲ 14.8% |
| Fixed assets21/28 | €46.5m | €44.8m | €41.4m | €44.3m | €51.2m | ▲ 15.4% |
| Tangible fixed assets22/27 | €46.5m | €44.8m | €41.4m | €44.3m | €51.2m | ▲ 15.4% |
| Land and buildings22 | €46.5m | €44.8m | €40.2m | €44.3m | €51.2m | ▲ 15.4% |
| Assets under construction and advance payments27 | - | - | €1.2m | - | - | - |
| Current assets29/58 | €3.8m | €2.2m | €3.2m | €2.2m | €2.3m | ▲ 2.3% |
| Amounts receivable within one year40/41 | €1.4m | - | €289,173 | €3,641 | €319,943 | ▲ 8,687% |
| Trade receivables40 | €1.4m | - | €236,071 | - | €166,956 | - |
| Other amounts receivable41 | - | - | €53,103 | €3,641 | €152,987 | ▲ 4,101% |
| Cash at bank and in hand54/58 | €2.4m | €2.2m | €2.6m | €1.9m | €1.5m | ▼ 21.2% |
| Deferred charges and accrued income490/1 | - | €18,000 | €247,745 | €306,243 | €447,176 | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50.3m | €47.0m | €44.6m | €46.6m | €53.5m | ▲ 14.8% |
| Equity10/15 | -€732,611 | -€873,138 | -€2.8m | -€2.1m | -€5.8m | ▼ 183% |
| Contributions10/11 | €61,500 | €61,500 | €5.1m | €13.4m | €14.6m | ▲ 8.8% |
| Capital10 | €61,500 | €61,500 | - | - | - | - |
| Issued capital100 | €61,500 | €61,500 | - | - | - | - |
| Profit (loss) carried forward14 | -€794,111 | -€934,638 | -€7.9m | -€15.5m | -€20.4m | ▼ 31.9% |
| Amounts payable17/49 | €51.1m | €47.9m | €47.4m | €48.6m | €59.3m | ▲ 21.9% |
| Amounts payable after more than one year17 | €49.0m | €47.1m | €45.9m | €42.4m | €53.9m | ▲ 27.3% |
| Financial debts170/4 | €49.0m | €47.1m | €45.9m | €42.4m | €53.5m | ▲ 26.3% |
| Subordinated loans170 | €44.3m | €40.8m | - | - | - | - |
| Other loans174 | €4.7m | €6.3m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €437,687 | - |
| Amounts payable within one year42/48 | €337,102 | €407,601 | €1.4m | €2.3m | €64,247 | ▼ 97.2% |
| Financial debts43 | - | - | - | - | €0 | - |
| Other loans439 | - | - | - | - | €0 | - |
| Trade debts44 | €26,624 | €384,634 | €1.4m | €2.3m | €64,247 | ▼ 97.2% |
| Suppliers440/4 | €26,624 | €384,634 | €1.4m | €2.3m | €64,247 | ▼ 97.2% |
| Taxes, remuneration and social security45 | €310,478 | €22,967 | - | - | - | - |
| Taxes450/3 | €310,478 | €22,967 | - | - | - | - |
| Accrued charges and deferred income492/3 | €1.7m | €326,286 | €64,119 | €4.0m | €5.3m | ▲ 33.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€304,767 | -€140,527 | -€6.9m | -€7.6m | -€4.9m | ▲ 35.2% |
| + Depreciation and write-downs630 | €1.9m | €1.9m | €1.9m | €2.1m | €3.2m | ▲ 49.8% |
| Operating cash flow (approximation) | €1.6m | €1.8m | -€5.0m | -€5.5m | -€1.8m | ▲ 68.0% |
| Investment in fixed assets (approximation) | - | -€169,825 | €1.5m | -€5.0m | -€10.0m | ▼ 98.5% |
| Change in cash | - | -€199,241 | €451,279 | -€705,064 | -€406,961 | ▲ 42.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1122/00M002 | Brussels | 1,150 m² | 1 · 1,007 m² | 28.8 m · 8 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
2 ownersOwners 2
- GO Crossroads Lux SarlLUparentSourceown accounts 202299.99%
- GreenOak Europe II Investments SarlLUSourceown accounts 20220.01%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of Macbeth 3 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector and region
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.