Mc Three
Open bankruptcySummary
A bankruptcy procedure is open for Mc Three according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €12.3m and a net result of -€764,629.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 9 January 2024
- Supervising judge
- Marc Leterme
- Official Gazette
- 15-01-2024 (pdf) ↗search the document for 2024/101176
Curators
- Carmen MatthijsOude Ieperstraat 4, 8560 Wevelgemcarmen.matthijs@lysiasadvocaten.be
- Nathalie BeernaertDammestraat-West 6, 8800 Roeselarenathalie.beernaert@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-06-2023, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
42 d early
2021
45 d early
2020
36 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Manufacture of textiles sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
€37.3m▼ 28.5%
2021 · €52.1m
EBIT margin
-0.4%▼ 12.0pp
2021 · 11.6%
Net result
-€764,629
2021 · €3.8m
Working capital
€10.0m▼ 13.8%
2021 · €11.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€46.3m-€46.9m▲ 1.3%€44.4m▼ 5.3%€52.1m▲ 17.4%€37.3m▼ 28.5%
Operating result€11.9m-€1.7m▼ 85.7%€3.5m▲ 104%€6.1m▲ 75.2%-€139,170
Net result€7.9m-€768,259▼ 90.3%€2.0m▲ 160%€3.8m▲ 90.0%-€764,629
EBIT margin25.7%-3.6%▼ 22.1pp7.8%▲ 4.2pp11.6%▲ 3.8pp-0.4%▼ 12.0pp
Equity€9.8m-€7.3m▼ 26.0%€9.3m▲ 27.3%€13.1m▲ 40.8%€12.3m▼ 5.9%
Total assets€30.1m-€25.0m▼ 16.8%€21.4m▼ 14.6%€24.0m▲ 12.4%€22.4m▼ 6.5%
Debt€19.4m-€17.5m▼ 9.7%€11.9m▼ 32.2%€10.7m▼ 10.0%€10.1m▼ 5.6%
Working capital€8.2m-€9.9m▲ 21.1%€12.4m▲ 25.1%€11.6m▼ 6.3%€10.0m▼ 13.8%
Staff (FTE)264.8-271.6▲ 2.6%269.4▼ 0.8%264.9▼ 1.7%262.5▼ 0.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €139,170 after €6.1m in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €22.4m
Fixed assets
€2.7m ▲ 21.1%
Current assets
€19.8m ▼ 9.3%
Equity and liabilities €22.4m
Equity
€12.3m ▼ 5.9%
Provisions
€48,370 ▼ 80.1%
Debt
€10.1m ▼ 5.6%
Debt's share of the balance-sheet total rises from 44.6% to 45.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€779,382▼
2021 · €6.9m
Cash flow
€153,922▼
2021 · €4.6m
Current ratio
2.03▼
2021 · 2.14
Quick ratio
0.89▼
2021 · 0.93
Debt to equity
0.82▲
2021 · 0.82
ROE
-6.2%▼
2021 · 29.0%
ROA
-3.4%▼
2021 · 15.8%
Interest coverage
12.70▼
2021 · 34.36
Debt ≤ 1 year
€9.8m▼
2021 · €10.2m
Debt > 1 year
€267,158▼
2021 · €496,926
Income taxes
€2,478▼
2021 · €1.3m
Staff costs
€10.4m▼
2021 · €12.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €57.4m | €46.0m | €42.9m | €55.8m | €38.3m | ▼ 31.5% |
| Turnover70 | €46.3m | €46.9m | €44.4m | €52.1m | €37.3m | ▼ 28.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €922,483 | -€1.6m | -€2.3m | €2.7m | €486,318 | ▼ 82.0% |
| Other operating income74 | €695,873 | €676,140 | €793,268 | €815,104 | €482,513 | ▼ 40.8% |
| Non-recurring operating income76A | €9.4m | €38,307 | €2,519 | €202,120 | €23,627 | ▼ 88.3% |
| Operating charges60/66A | €45.4m | €44.3m | €39.4m | €49.8m | €38.4m | ▼ 22.8% |
| Goods for resale, raw materials and consumables60 | €21.6m | €20.5m | €15.6m | €23.5m | €17.3m | ▼ 26.2% |
| Purchases600/8 | - | - | - | €25.2m | €15.6m | ▼ 38.1% |
| Change in stocks: decrease (increase)609 | -€385,459 | €4,818 | €698,060 | -€1.7m | €1.7m | ▲ 198% |
| Services and other goods61 | €10.4m | €10.3m | €12.0m | €13.0m | €9.7m | ▼ 25.4% |
| Remuneration, social security and pensions62 | €11.2m | €11.4m | €10.7m | €12.4m | €10.4m | ▼ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €1.4m | €985,383 | €832,096 | €918,552 | ▲ 10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€17,980 | €438,270 | -€329,486 | €31,798 | -€30,481 | ▼ 196% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €50,000 | -€150,000 | - | - | - | - |
| Other operating charges640/8 | €249,379 | €43,282 | €48,526 | €50,098 | €53,282 | ▲ 6.4% |
| Non-recurring operating charges66A | €327,926 | €350,222 | €410,159 | €534 | - | - |
| Operating profit (loss)9901 | €11.9m | €1.7m | €3.5m | €6.1m | -€139,170 | ▼ 102% |
| Financial income75/76B | - | - | - | €183,220 | €84,295 | ▼ 54.0% |
| Recurring financial income75 | €574,231 | €334,648 | €349,633 | €183,220 | €84,295 | ▼ 54.0% |
| Income from current assets751 | €263,609 | €3,827 | €3,831 | €3,446 | - | - |
| Other financial income752/9 | €310,622 | €330,821 | €345,802 | €179,774 | €84,295 | ▼ 53.1% |
| Financial charges65/66B | €1.2m | €849,326 | €986,383 | €1.1m | €712,005 | ▼ 33.9% |
| Recurring financial charges65 | €1.2m | €849,326 | €986,383 | €1.1m | €712,005 | ▼ 33.9% |
| Debt charges650 | €281,418 | €150,291 | €144,353 | €200,624 | €61,363 | ▼ 69.4% |
| Other financial charges652/9 | €884,299 | €699,035 | €842,030 | €876,989 | €650,642 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €11.3m | €1.2m | €2.8m | €5.2m | -€766,880 | ▼ 115% |
| Transfer from deferred taxes780 | €80,715 | €5,476 | - | €502 | €4,728 | ▲ 842% |
| Transfer to deferred taxes680 | - | €10,161 | €5,476 | €45,013 | - | - |
| Income taxes67/77 | €3.5m | €411,913 | €820,230 | €1.3m | €2,478 | ▼ 99.8% |
| Taxes670/3 | €3.5m | €411,913 | €860,707 | €1.3m | €2,557 | ▼ 99.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €40,477 | - | €79 | - |
| Profit (loss) for the period9904 | €7.9m | €768,259 | €2.0m | €3.8m | -€764,629 | ▼ 120% |
| Transfer from tax-exempt reserves789 | €156,752 | €86,755 | €128,923 | €130,133 | €137,403 | ▲ 5.6% |
| Transfer to tax-exempt reserves689 | - | €24,190 | - | €135,038 | - | - |
| Profit (loss) for the period to be appropriated9905 | €8.1m | €830,824 | €2.1m | €3.8m | -€627,226 | ▼ 117% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.1m | €25.0m | €21.4m | €24.0m | €22.4m | ▼ 6.5% |
| Fixed assets21/28 | €6.0m | €2.3m | €1.9m | €2.2m | €2.7m | ▲ 21.1% |
| Intangible fixed assets21 | €370,771 | €449,025 | €82,643 | €196,693 | €392,976 | ▲ 99.8% |
| Tangible fixed assets22/27 | €5.6m | €1.8m | €1.8m | €2.0m | €2.3m | ▲ 13.4% |
| Land and buildings22 | €3.7m | - | - | - | - | - |
| Plant, machinery and equipment23 | €807,874 | €1.1m | €878,392 | €1.0m | €1.2m | ▲ 19.1% |
| Furniture and vehicles24 | €354,552 | €330,411 | €259,960 | €337,418 | €351,919 | ▲ 4.3% |
| Leasing and similar rights25 | €709,456 | €282,975 | €550,917 | €394,044 | €291,887 | ▼ 25.9% |
| Other tangible fixed assets26 | - | €59,875 | €86,136 | €260,433 | €262,356 | ▲ 0.7% |
| Assets under construction and advance payments27 | - | €80,000 | - | - | €161,000 | - |
| Financial fixed assets28 | €214 | €214 | €255 | €180 | €180 | = |
| Other financial fixed assets284/8 | €214 | €214 | €255 | €180 | €180 | = |
| Amounts receivable and cash guarantees285/8 | €214 | €214 | €255 | €180 | €180 | = |
| Current assets29/58 | €24.1m | €22.7m | €19.5m | €21.8m | €19.8m | ▼ 9.3% |
| Amounts receivable after more than one year29 | - | - | €300,000 | - | - | - |
| Other amounts receivable291 | - | - | €300,000 | - | - | - |
| Stocks and contracts in progress3 | €12.5m | €10.9m | €7.9m | €12.3m | €11.1m | ▼ 9.9% |
| Stocks30/36 | €12.5m | €10.9m | €7.9m | €12.3m | €11.1m | ▼ 9.9% |
| Raw materials and consumables30/31 | €2.8m | €2.7m | €2.2m | €4.0m | €2.3m | ▼ 42.3% |
| Work in progress32 | €5.5m | €4.9m | €3.2m | €5.3m | €6.0m | ▲ 13.8% |
| Finished goods33 | €4.0m | €3.0m | €2.4m | €3.1m | €2.8m | ▼ 7.8% |
| Goods purchased for resale34 | €115,936 | €233,178 | €56,667 | €25,497 | €599 | ▼ 97.7% |
| Amounts receivable within one year40/41 | €10.5m | €11.7m | €10.5m | €9.2m | €7.8m | ▼ 15.9% |
| Trade receivables40 | €9.8m | €10.7m | €9.7m | €8.6m | €7.3m | ▼ 15.9% |
| Other amounts receivable41 | €691,813 | €924,085 | €855,598 | €622,381 | €521,474 | ▼ 16.2% |
| Current investments50/53 | - | - | - | €7,000 | €52,840 | ▲ 655% |
| Other investments51/53 | - | - | - | €7,000 | €52,840 | ▲ 655% |
| Cash at bank and in hand54/58 | €1.1m | €135,383 | €732,369 | €144,710 | €561,333 | ▲ 288% |
| Deferred charges and accrued income490/1 | €57,010 | €79,121 | €59,737 | €99,875 | €294,101 | ▲ 194% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.1m | €25.0m | €21.4m | €24.0m | €22.4m | ▼ 6.5% |
| Equity10/15 | €9.8m | €7.3m | €9.3m | €13.1m | €12.3m | ▼ 5.9% |
| Contributions10/11 | €2.4m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €2.4m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €2.4m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €1.1m | €885,697 | €758,348 | €763,253 | €625,849 | ▼ 18.0% |
| Non-distributable reserves130/1 | - | - | €150,583 | €150,583 | €150,583 | = |
| Legal reserve130 | €235,500 | €150,582 | €150,583 | €150,583 | €150,583 | = |
| Tax-exempt reserves132 | €839,749 | €735,115 | €607,765 | €612,670 | €475,266 | ▼ 22.4% |
| Profit (loss) carried forward14 | €6.3m | €4.9m | €7.0m | €10.8m | €10.2m | ▼ 5.8% |
| Investment grants15 | €95,267 | €33,435 | €28,080 | €22,726 | €17,371 | ▼ 23.6% |
| Provisions and deferred taxes16 | €800,974 | €194,172 | €198,075 | €242,585 | €48,370 | ▼ 80.1% |
| Provisions for liabilities and charges160/5 | €339,487 | €189,487 | €189,487 | €189,487 | - | - |
| Other liabilities and charges164/5 | €339,487 | €189,487 | €189,487 | €189,487 | - | - |
| Deferred taxes168 | €461,487 | €4,685 | €8,588 | €53,098 | €48,370 | ▼ 8.9% |
| Amounts payable17/49 | €19.4m | €17.5m | €11.9m | €10.7m | €10.1m | ▼ 5.6% |
| Amounts payable after more than one year17 | €3.4m | €4.2m | €4.7m | €496,926 | €267,158 | ▼ 46.2% |
| Financial debts170/4 | €3.4m | €4.2m | €4.7m | €496,926 | €267,158 | ▼ 46.2% |
| Subordinated loans170 | - | €3.3m | €3.9m | - | - | - |
| Leasing and similar obligations172 | €1.2m | €833,343 | €885,226 | €496,926 | €267,158 | ▼ 46.2% |
| Credit institutions173 | €2.3m | €15,658 | €5,243 | - | - | - |
| Amounts payable within one year42/48 | €15.9m | €12.8m | €7.1m | €10.2m | €9.8m | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | €946,181 | €373,214 | €430,939 | €393,544 | €229,768 | ▼ 41.6% |
| Financial debts43 | €3.9m | €5.9m | - | €2.4m | €4.3m | ▲ 81.5% |
| Credit institutions430/8 | €3.9m | €5.9m | - | €2.4m | €4.3m | ▲ 81.5% |
| Trade debts44 | €5.1m | €4.1m | €4.6m | €5.3m | €3.3m | ▼ 37.7% |
| Suppliers440/4 | €5.1m | €4.1m | €4.6m | €5.3m | €3.3m | ▼ 37.7% |
| Taxes, remuneration and social security45 | €2.0m | €2.0m | €2.1m | €2.1m | €2.0m | ▼ 8.5% |
| Taxes450/3 | €67,624 | €8,796 | €55,000 | €2,944 | €17,521 | ▲ 495% |
| Remuneration and social security454/9 | €1.9m | €2.0m | €2.0m | €2.1m | €1.9m | ▼ 9.2% |
| Other amounts payable47/48 | €4.0m | €501,179 | €1,179 | €1,179 | - | - |
| Accrued charges and deferred income492/3 | €70,041 | €504,259 | €49,243 | €15,227 | €74,061 | ▲ 386% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.9m | €768,259 | €2.0m | €3.8m | -€764,629 | ▼ 120% |
| + Depreciation and write-downs630 | €1.7m | €1.4m | €985,383 | €832,096 | €918,552 | ▲ 10.4% |
| Operating cash flow (approximation) | €9.6m | €2.2m | €3.0m | €4.6m | €153,922 | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | €2.3m | -€580,635 | -€1.2m | -€1.4m | ▼ 17.7% |
| Change in cash | - | -€932,625 | €596,986 | -€587,659 | €416,623 | ▲ 171% |
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
2024
15-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-01-2024
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€764,629
Net result drops to -€764,629, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10mEq €13.1m ▲40.8%
4 profitable years in a row build equity to €13.1m.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
03-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
20 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1989
Ground area
6.1 ha
Building footprint
5.4 ha
Volume, LiDAR
578,944 m³
Parcel 34453F0836/00E000, Flanders · tallest building 26.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MC THREE CARPETS / MC THREE YARNS
since 19892.042.281.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0836/00E000 | Flanders | 6.1 ha | 1 · 5.4 ha | 26.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Carmen MATTHIJS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
09-01-2024 → present |
| Curator | NATHALIE
BEERNAERT DAMMESTRAAT-WEST 6, 8800 ROESELARE- |
09-01-2024 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- Mc Three Group
- Mc THREE HOLDINGS
- Mc Three
Highest known parent: Mc Three Group. The sources do not say who stands above it.
Owners 1
- Mc THREE HOLDINGSparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 244,583 EUR awarded · 244,583 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,206 EUR | 3,206 EUR |
| 2023 | 3 | 240,610 EUR | 240,610 EUR |
| 2022 | 1 | 767 EUR | 767 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493005I0CVDATPJ3T35
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Of 118 companies in sector 13930 we hold annual accounts for 82. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
13930Manufacture of textiles
13940Manufacture of textiles
47530Retail trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.