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 17 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
MAY from Beveren-Kruibeke-Zwijndrecht, company number BE0759926308, closed financial year 2022 with a result of € -24,456 after tax. For that financial year MAY recorded a gross margin of € 527,382 and equity of € 342,617. Compared with financial year 2021, the result moved from € 362,073 to € -24,456. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2023.
€ 342,617
▼ 7% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,456
▼ still € 362,073 profit in 2021
Profit after tax over the fiscal year.
€ 80,762
▼ 73% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 337,617.
People and assets in 2022
14.1
Average over the fiscal year, from the social balance sheet.
€ 443,949
▲ 278% vs 2021
€ 31,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,219
▼ 4% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 361,447
▲ 163% vs 2021
€ 18,522 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 98,018
▲ € 87,428 vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 118,875
▼ 26% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 631,222 | € 527,382 | ▼ 16% |
| Profit after taxes | € 362,073 | € -24,456 | ▼ € 386,529 |
| Equity | € 367,073 | € 342,617 | ▼ 7% |
| Total debts | € 364,412 | € 578,341 | ▲ 59% |
| Cash | € 298,051 | € 80,762 | ▼ 73% |
| Land & buildings | € 22,257 | € 13,551 | ▼ 39% |
| Retained profit | € 362,073 | € 337,617 | ▼ 7% |
| Bank debt | € 137,374 | € 361,447 | ▲ 163% |
| Balance sheet total | € 731,485 | € 920,957 | ▲ 26% |
| Employees (FTE) | - | 14.1 |
By gross margin, MAY ranks 4th of 98 companies with main activity “Detailhandel in damesbovenkleding” in East Flanders that publish figures (fiscal year 2022).
Key figures of MAY, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
Ask about MAY the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MAY?
What happened at MAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MAY is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 24,456 (▼ € 386,529 vs 2021). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
In short
From € 362,073 profit in 2021 to € 24,456 loss in 2022.
Paid € 114,945 in corporate taxes since 2021.
Best year ever: 2021, with € 362,073 profit.
On average € 37,400 of value added per employee in 2022.
Management
Behind MAY is Stefanie Kemland.
Directors
According to the 2022 annual accounts
Stefanie Kemland
Director
Establishments
Establishment units
Physical locations of this company
Kattestraat 213
9150 Beveren-Kruibeke-Zwijndrecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in East Flanders
Same main activity (Detailhandel in damesbovenkleding), 137 active companies in East Flanders, largest first.
€ 12.6 million revenue · 2025 · Lebbeke
€ 11.5 million revenue · 2025 · Lebbeke
€ 911,008 gross margin · 2025 · Aalter
€ 833,771 gross margin · 2025 · Gent
€ 763,300 gross margin · 2026 · Maldegem
€ 490,883 gross margin · 2025 · Merelbeke-Melle
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- KEMLAND Stefanie(oprichter) 90%
- VERCAUTEREN Wesley Danny Maria(oprichter) 10%
Details
- Company number
- 0759.926.308
- VAT number
- BE 0759.926.308
- Registered office
- Kattestraat 213, 9150 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- MAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 17 December 2020
- Peppol
- Not registered
- Activities · NACE
Detailhandel in damesbovenkleding
Detailhandel in kledingaccessoires