Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Design By Mai from Gent, company number BE0559969122, closed financial year 2025 with a result of € 5,509 after tax. For that financial year Design By Mai recorded a gross margin of € 69,361 and equity of € 119,586. Compared with financial year 2024, the result moved from € 41,236 to € 5,509. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 16, 2026.
€ 119,586
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,509
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 75,536
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 101,036.
People and assets in 2025
€ 499
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 192,222
€ 14,444 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 71
▲ € 68 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,096
▼ 50% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,649 | € 16,645 | € 66,336 | € 69,361 | ▲ 5% |
| Profit after taxes | € 283 | € 7,511 | € 41,236 | € 5,509 | ▼ 87% |
| Equity | € 59,180 | € 66,691 | € 114,077 | € 119,586 | ▲ 5% |
| Total debts | € 3,138 | € 21,351 | € 26,547 | € 349,072 | ▲ € 322,525 |
| Cash | - | € 69,479 | € 114,611 | € 75,536 | ▼ 34% |
| Land & buildings | - | - | - | € 333,895 | |
| Retained profit | € 46,780 | € 54,291 | € 95,527 | € 101,036 | ▲ 6% |
| Bank debt | € 0 | € 0 | € 0 | € 192,222 | |
| Balance sheet total | € 62,318 | € 88,043 | € 140,624 | € 468,658 | ▲ 233% |
Key figures of Design By Mai, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Design By Mai?
What happened at Design By Mai in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,509 (▼ 87% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 283 profit in 2022 to € 5,509 profit in 2025.
Paid € 16,711 in corporate taxes since 2022.
Best year ever: 2024, with € 41,236 profit.
Management
Behind Design By Mai is MAI WAELKENS.
Directors
According to the 2025 annual accounts
MAI WAELKENS
Director
Establishments
Establishment units
Physical locations of this company
New-Yorkstraat 21
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0559.969.122
- VAT number
- BE 0559.969.122
- Registered office
- New-Yorkstraat 21, 9000 Gent
- Names & denominations
- Design By Mai
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 August 2014
- Peppol
- Active · Active since 10 Sept 2025
- Activities · NACE
Detailhandel in verlichtingsartikelen
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Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Activiteiten van interieurarchitecten
Vervaardiging van verlichtingsapparaten
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