MAY
Open bankruptcySummary
A bankruptcy procedure is open for MAY according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €343k and a net result of €-24k.
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 30-06-2023, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d early
2021
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€343k▼ 6.7%
2021 · €367k
2021: €367k
2022: €343k▼ -6.7% vs 2021
2021 → 2022
Total assets
€921k▲ 25.9%
2021 · €731k
2021: €731k
2022: €921k▲ +25.9% vs 2021
2021 → 2022
Net result
€-24k
2021 · €362k
2021: €362k
2022: €-24k▼ -107% vs 2021
2021 → 2022
Working capital
€123k▼ 60.8%
2021 · €315k
2021: €315k
2022: €123k▼ -60.8% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€367k-€343k▼ 6.7%
2021: €367k
2022: €343k▼ -6.7% vs 2021
Operating result€502k-€39k▼ 92.2%
2021: €502k
2022: €39k▼ -92.2% vs 2021
Net result€362k-€-24k
2021: €362k
2022: €-24k▼ -107% vs 2021
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 92% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €921k
Fixed assets
€252k ▲ 285%
Current assets
€669k ▲ 0.4%
Equity and liabilities €921k
Equity
€343k ▼ 6.7%
Debt
€578k ▲ 58.7%
Debt's share of the balance-sheet total rises from 49.8% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▼
2021 · €512k
Cash flow
€16k▼
2021 · €372k
Current ratio
1.23▼
2021 · 1.90
Quick ratio
0.20▼
2021 · 0.92
Debt to equity
1.69▲
2021 · 0.99
ROE
-7.1%▼
2021 · 98.6%
ROA
-2.7%▼
2021 · 49.5%
Interest coverage
1.23▼
2021 · 19.49
Debt ≤ 1 year
€546k▲
2021 · €351k
Debt > 1 year
€33k▲
2021 · €13k
Income taxes
€912▼
2021 · €114k
Staff costs
€444k▲
2021 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 50 lines
Balance sheet
Code20212022
Assets
Total assets20/58€731k€921k▲
Fixed assets21/28€65k€252k▲
Intangible fixed assets21-€112k
Tangible fixed assets22/27€58k€105k▲
Land and buildings22€22k€14k▼
Plant, machinery and equipment23€4k€26k▲
Furniture and vehicles24€25k€24k▼
Other tangible fixed assets26€6k€42k▲
Financial fixed assets28€7k€34k▲
Current assets29/58€666k€669k▲
Stocks and contracts in progress3€341k€560k▲
Stocks30/36€341k€560k▲
Amounts receivable within one year40/41€27k€14k▼
Trade receivables40€19k€10▼
Other amounts receivable41€7k€14k▲
Cash at bank and in hand54/58€298k€81k▼
Deferred charges and accrued income490/1€113€14k▲
Equity and liabilities
Total equity and liabilities10/49€731k€921k▲
Equity10/15€367k€343k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€362k€338k▼
Amounts payable17/49€364k€578k▲
Amounts payable after more than one year17€13k€33k▲
Financial debts170/4€13k€33k▲
Amounts payable within one year42/48€351k€546k▲
Current portion of amounts payable after more than one year42€4k€19k▲
Financial debts43€120k€310k▲
Credit institutions430/8€120k€310k▲
Trade debts44€11k€98k▲
Suppliers440/4€11k€98k▲
Taxes, remuneration and social security45€161k€119k▼
Taxes450/3€151k€39k▼
Remuneration and social security454/9€10k€79k▲
Other amounts payable47/48€56k-
Income statement
Code20212022
Remuneration, social security and pensions62€117k€444k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€40k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€631k€527k▼
Operating profit (loss)9901€502k€39k▼
Financial income75/76B€100€2k▲
Recurring financial income75€100€2k▲
Financial charges65/66B€26k€64k▲
Recurring financial charges65€26k€64k▲
Profit (loss) for the period before taxes9903€476k€-24k▼
Income taxes67/77€114k€912▼
Profit (loss) for the period9904€362k€-24k▼
Profit (loss) for the period to be appropriated9905€362k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€362k€338k▼
Profit (loss) brought forward from the previous period14P-€362k
Social balance
Average headcount (FTE)9087-14.1
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €117k | €444k | ▲ 278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €40k | ▲ 300% |
| Other operating charges640/8 | €2k | €4k | ▲ 167% |
| Gross operating margin9900 | €631k | €527k | ▼ 16.5% |
| Operating profit (loss)9901 | €502k | €39k | ▼ 92.2% |
| Financial income75/76B | €100 | €2k | ▲ 1,451% |
| Recurring financial income75 | €100 | €2k | ▲ 1,451% |
| Financial charges65/66B | €26k | €64k | ▲ 144% |
| Recurring financial charges65 | €26k | €64k | ▲ 144% |
| Profit (loss) for the period before taxes9903 | €476k | €-24k | ▼ 105% |
| Income taxes67/77 | €114k | €912 | ▼ 99.2% |
| Profit (loss) for the period9904 | €362k | €-24k | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | €362k | €-24k | ▼ 107% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €731k | €921k | ▲ 25.9% |
| Fixed assets21/28 | €65k | €252k | ▲ 285% |
| Intangible fixed assets21 | - | €112k | - |
| Tangible fixed assets22/27 | €58k | €105k | ▲ 81.3% |
| Land and buildings22 | €22k | €14k | ▼ 39.1% |
| Plant, machinery and equipment23 | €4k | €26k | ▲ 516% |
| Furniture and vehicles24 | €25k | €24k | ▼ 4.0% |
| Other tangible fixed assets26 | €6k | €42k | ▲ 546% |
| Financial fixed assets28 | €7k | €34k | ▲ 367% |
| Current assets29/58 | €666k | €669k | ▲ 0.4% |
| Stocks and contracts in progress3 | €341k | €560k | ▲ 64.1% |
| Stocks30/36 | €341k | €560k | ▲ 64.1% |
| Amounts receivable within one year40/41 | €27k | €14k | ▼ 45.6% |
| Trade receivables40 | €19k | €10 | ▼ 99.9% |
| Other amounts receivable41 | €7k | €14k | ▲ 96.7% |
| Cash at bank and in hand54/58 | €298k | €81k | ▼ 72.9% |
| Deferred charges and accrued income490/1 | €113 | €14k | ▲ 12,059% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €731k | €921k | ▲ 25.9% |
| Equity10/15 | €367k | €343k | ▼ 6.7% |
| Contributions10/11 | €5k | €5k | = |
| Profit (loss) carried forward14 | €362k | €338k | ▼ 6.8% |
| Amounts payable17/49 | €364k | €578k | ▲ 58.7% |
| Amounts payable after more than one year17 | €13k | €33k | ▲ 148% |
| Financial debts170/4 | €13k | €33k | ▲ 148% |
| Amounts payable within one year42/48 | €351k | €546k | ▲ 55.3% |
| Current portion of amounts payable after more than one year42 | €4k | €19k | ▲ 344% |
| Financial debts43 | €120k | €310k | ▲ 158% |
| Credit institutions430/8 | €120k | €310k | ▲ 158% |
| Trade debts44 | €11k | €98k | ▲ 826% |
| Suppliers440/4 | €11k | €98k | ▲ 826% |
| Taxes, remuneration and social security45 | €161k | €119k | ▼ 26.0% |
| Taxes450/3 | €151k | €39k | ▼ 73.8% |
| Remuneration and social security454/9 | €10k | €79k | ▲ 685% |
| Other amounts payable47/48 | €56k | - | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €362k | €-24k | ▼ 107% |
| + Depreciation and write-downs630 | €10k | €40k | ▲ 300% |
| Operating cash flow (approximation) | €372k | €16k | ▼ 95.8% |
| Investment in fixed assets (approximation) | - | €-227k | - |
| Change in cash | - | €-217k | - |
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
23-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 19-02-2024
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
Ground area
551 m²
Building footprint
116 m²
Volume, LiDAR
586 m³
Parcel 46013A0923/00V000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAY
since 20202.311.537.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013A0923/00V000 | Flanders | 551 m² | 1 · 116 m² | 9.7 m · 2 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 | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
19-02-2024 → present |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
19-02-2024 → present |
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Of 2,213 companies in sector 47711 we hold annual accounts for 889. 575 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47715Retail trade
Scores and ratios are computed by Checked and are not a credit decision.