Design By Mai
ActiveDesign By Mai has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €6k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-30
Solvency51▼-49
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.52 against 5.25 in 2024; short-term debt: 35.3% and cash: 16.1% of total assets), and 74.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
1.2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
43 d early
2023
43 d early
2022
23 d early
2021
9 d early
2020
17 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 4.8%
2024 · €114k
2018: €1k
2019: €13k
2020: €42k
2021: €59k
2022: €59k
2023: €67k
2024: €114k
2018 → 2025
Total assets
€469k▲ 233%
2024 · €141k
2018: €61k
2019: €99k
2020: €71k
2021: €71k
2022: €62k
2023: €88k
2024: €141k
2018 → 2025
Net result
€6k▼ 86.6%
2024 · €41k
2018: €5k
2019: €11k
2020: €30k
2021: €17k
2022: €283
2023: €8k
2024: €41k
2018 → 2025
Working capital
€-79k
2024 · €109k
2018: €-11k
2019: €2k
2020: €35k
2021: €40k
2022: €46k
2023: €54k
2024: €109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€59k▲ 0.5%€67k▲ 12.7%€114k▲ 71.1%€120k▲ 4.8%
Operating result€21k-€451▼ 97.8%€10k▲ 2,047%€56k▲ 482%€16k▼ 70.9%
Net result€17k-€283▼ 98.3%€8k▲ 2,558%€41k▲ 449%€6k▼ 86.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €469k
Fixed assets
€382k▲ 6,455%
Current assets
€86k▼ 35.9%
Equity and liabilities €469k
Equity
€120k▲ 4.8%
Debt
€349k▲ 1,215%
The debt ratio rises from 18.9% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €64k
Cash flow
€53k▲
2024 · €49k
Solvency
25.5%▼
2024 · 81.1%
Current ratio
0.52▼
2024 · 5.25
Quick ratio
0.52▼
2024 · 5.25
Debt / equity
2.92▲
2024 · 0.23
ROE
4.6%▼
2024 · 36.1%
ROA
1.2%▼
2024 · 29.3%
Interest coverage
6.17▼
2024 · 56.46
Debt
€349k▲
2024 · €27k
Debt ≤ 1 year
€165k▲
2024 · €26k
Debt > 1 year
€178k
Income taxes
€500▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€141k€469k▲
Fixed assets21/28€6k€382k▲
Tangible fixed assets22/27€6k€382k▲
Land and buildings22-€334k
Plant, machinery and equipment23€4k€48k▲
Furniture and vehicles24€2k€499▼
Current assets29/58€135k€86k▼
Amounts receivable within one year40/41€19k€10k▼
Trade receivables40€19k€10k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€115k€76k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€141k€469k▲
Equity10/15€114k€120k▲
Contributions10/11€19k€19k=
Reserves13€96k€101k▲
Non-distributable reserves130/1€143€0▼
Reserves not available under the articles1311€143€0▼
Distributable reserves133€95k€101k▲
Amounts payable17/49€27k€349k▲
Amounts payable after more than one year17-€178k
Financial debts170/4-€178k
Amounts payable within one year42/48€26k€165k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€3€71▲
Suppliers440/4€3€71▲
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€15k€146k▲
Accrued charges and deferred income492/3€874€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€48k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€986€2k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€66k€69k▲
Operating profit (loss)9901€56k€16k▼
Financial income75/76B-€22
Recurring financial income75-€22
Financial charges65/66B€1k€10k▲
Recurring financial charges65€1k€10k▲
Profit (loss) for the period before taxes9903€55k€6k▼
Income taxes67/77€14k€500▼
Profit (loss) for the period9904€41k€6k▼
Profit (loss) for the period to be appropriated9905€41k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€6k▼
Transfer to equity691/2€41k€6k▼
To other reserves6921€41k€6k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €41k ▲449%
Operating result €56k, net result €41k, both a record.
30-09
Financial
Equity above €100kEq €114k ▲71.1%
7 profitable years in a row build equity to €114k.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €283 ▼98.3%
Net result drops to €283, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 15.50
Current ratio from 4.47 to 15.50; short-term debt falls from €12k to €3k.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.20 to 4.47; short-term debt falls from €29k to €12k.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 2.20
Current ratio from 1.02 to 2.20; short-term debt falls from €87k to €29k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
New-Yorkstraat 219000 GentGround area
538 m²
Building footprint
506 m²
Volume, LiDAR
6,769 m³
Parcel 44021A3411/00F002, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Design By Mai
since 20142.235.742.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3411/00F002 | Flanders | 538 m² | 1 · 506 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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gevabo
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Roeselare · Eq €118k
Of 766 companies in sector 47552 we hold annual accounts for 444. 370 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2014
Fiscal year end30-09
Activities, NACEBEL
47552Retail sale of lighting equipment
47592Retail trade
27402Manufacture of electrical equipment
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47551Retail sale of household furniture
47591Retail trade
71112Activities of interior architects
74105Other professional, scientific and technical activities
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.