ACTIVE

MAY-GROUP

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Financial year 2024 · closed on 31/12/2024

Net result

-8 k €

-130.1% YoY

Gross margin

639,9 k €

-9.4% YoY

Equity

398,8 k €

-2.0% YoY

Workforce

12,7 ETP

-10.6% YoY

What does MAY-GROUP do?

MAY-GROUP is a Private limited company incorporated in 2008. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Bruxelles. It employs on average 12,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.682.459

Incorporation

30/01/2008

Legal form

Private limited company

Registered office

Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

12,7 ETP

Activities (NACE)

13929Manufacture of made-up textile articles, except apparel· main 13929Manufacture of made-up textile articles, except apparel 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	639,9 k €	-9.4%	706,5 k €	+11.6%	633,2 k €	+35.9%	466 k €	+30.6%	356,9 k €	-41.1%	606,4 k €	-4.2%	633,2 k €	+23.8%	511,4 k €	+17.0%	437,2 k €	-21.9%	560 k €	+31.6%	425,6 k €	+15.5%	368,4 k €	+28.4%	286,9 k €	+5.1%	273,1 k €	+89.3%	144,2 k €	+26.4%	114,1 k €	+68.4%	67,7 k €
EBITDA	68,1 k €	-14.7%	79,8 k €	-11.9%	90,6 k €	+25.8%	72 k €	+96.7%	36,6 k €	-80.6%	188,3 k €	+52.1%	123,8 k €	+72.1%	71,9 k €	+76.0%	40,9 k €	+7.4%	38,1 k €	-9.2%	41,9 k €	+354%	9,2 k €	-50.4%	18,6 k €	-41.2%	31,7 k €	-33.5%	47,6 k €	+166%	17,9 k €	+1201%	1,4 k €
Operating result	11,5 k €	-85.5%	79,3 k €	-24.1%	104,6 k €	+70.2%	61,4 k €	+236%	18,3 k €	-89.7%	178,3 k €	+56.7%	113,8 k €	+83.7%	62 k €	+87.9%	33 k €	-13.3%	38,1 k €	+8.9%	34,9 k €	+1456%	2,2 k €	-80.7%	11,6 k €	-52.8%	24,7 k €	-48.2%	47,6 k €	+166%	17,9 k €	+2078%	822,2 €
Net result	-8 k €	-130%	26,5 k €	+338%	6 k €	-66.3%	17,9 k €	+317%	4,3 k €	-97.4%	166 k €	+182%	58,9 k €	+153%	23,3 k €	+298%	5,9 k €	-74.1%	22,6 k €	+103%	11,1 k €	+168%	-16,5 k €	-796%	2,4 k €	-84.6%	15,4 k €	-51.6%	31,8 k €	+174%	11,6 k €	+1365%	794,7 €
Balance sheet
Equity	398,8 k €	-2.0%	406,7 k €	+7.0%	380,2 k €	+1.6%	374,2 k €	+5.0%	356,2 k €	+1.2%	351,9 k €	+89.2%	186 k €	+46.4%	127,1 k €	+22.5%	103,8 k €	+6.0%	97,9 k €	+30.0%	75,3 k €	+17.4%	64,2 k €	-20.5%	80,7 k €	+3.0%	78,3 k €	+24.5%	62,9 k €	+103%	31 k €	+60.0%	19,4 k €
Total assets	953,1 k €	+59.7%	596,7 k €	-3.3%	617,1 k €	-3.9%	642,4 k €	+25.9%	510,2 k €	+3.9%	491,1 k €	+19.1%	412,4 k €	+29.8%	317,7 k €	+11.8%	284,1 k €	+6.2%	267,4 k €	-40.1%	446,4 k €	-7.0%	480,1 k €	+6.6%	450,4 k €	+2.7%	438,5 k €	+274%	117,3 k €	+124%	52,4 k €	+57.6%	33,3 k €
Cash	89,9 k €	-40.6%	151,3 k €	+2.8%	147,3 k €	+35.2%	108,9 k €	+92.4%	56,6 k €	+10.1%	51,4 k €	+30.5%	39,4 k €	+50.2%	26,2 k €	+346874%	7,6 €	-100.0%	43,2 k €	+891%	4,4 k €	-46.1%	8,1 k €	-54.8%	17,9 k €	-22.6%	23,1 k €	+54.2%	15 k €	+188%	5,2 k €	-46.4%	9,7 k €
Debts	554,3 k €	+192%	189,9 k €	-19.8%	236,8 k €	-3.6%	245,7 k €	+86.9%	131,5 k €	+12.7%	116,6 k €	-41.0%	197,7 k €	+17.6%	168,1 k €	+6.5%	157,8 k €	+26.7%	124,5 k €	-66.4%	371,1 k €	-10.8%	415,9 k €	+12.5%	369,8 k €	+2.7%	360,2 k €	+562%	54,4 k €	+154%	21,4 k €	+54.3%	13,9 k €
Other
Workforce	12,7 ETP	-10.6%	14,2 ETP	+8.4%	13,1 ETP	-0.8%	13,2 ETP	-1.5%	13,4 ETP	+0.8%	13,3 ETP	-10.7%	14,9 ETP	+12.9%	13,2 ETP		–		9,1 ETP	-31.6%	13,3 ETP	+41.5%	9,4 ETP	+23.7%	7,6 ETP	+22.6%	6,2 ETP	+114%	2,9 ETP	0.0%	2,9 ETP	+38.1%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Abdullah OKKUSCU

Bestuurder · since 30 janvier 2008

Active

Mehmet KOYUN

Bestuurder · since 30 janvier 2008

Active

Ended mandates

Abdullah OKKUSCU

Director · since 30 janvier 2008

Ended

Mehmet KOYUN

Director · since 30 janvier 2008

Ended

Yildirim BUYUKSAHIN

Director · since 30 janvier 2008 · until 26 août 2021

Ended

Yildirim BUYUKSAHIN

Director · since 30 janvier 2008

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/09/2025	29/08/2024	28/08/2023	05/01/2023	31/12/2021	17/08/2021
General meeting	17/09/2025	29/08/2024	04/08/2023	17/10/2022	24/12/2021	12/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	17/09/2025	19/09/2025	Dutch	PDF
Abridged model	31/12/2023	29/08/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	04/08/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/10/2022	05/01/2023	Dutch	PDF
Abridged model	31/12/2020	24/12/2021	31/12/2021	Dutch	PDF
Abridged model	31/12/2019	12/08/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	10/11/2020	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	27/10/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	04/09/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	19/09/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	09/04/2013	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	07/09/2011	Dutch	PDF
Abridged model	31/12/2009	07/09/2010	29/11/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Abdullah OKKUSCU

Bestuurder · since 30 janvier 2008

Active

Mehmet KOYUN

Bestuurder · since 30 janvier 2008

Active

Ended mandates

Abdullah OKKUSCU

Director · since 30 janvier 2008

Ended

Mehmet KOYUN

Director · since 30 janvier 2008

Ended

Yildirim BUYUKSAHIN

Director · since 30 janvier 2008 · until 26 août 2021

Ended

Yildirim BUYUKSAHIN

Director · since 30 janvier 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/05/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office21/04/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office29/09/2011
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/12/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/04/2009
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-8 k €↓
2023
Annual accounts 202326,5 k €↑
2022
Annual accounts 20226 k €↓
2021
Annual accounts 202117,9 k €↑
2020
Annual accounts 20204,3 k €↓
2019
Annual accounts 2019166 k €↑
2018
Annual accounts 201858,9 k €↑
2017
Annual accounts 201723,3 k €↑
2016
Annual accounts 20165,9 k €↓
2015
Annual accounts 201522,6 k €↑
2014
Annual accounts 201411,1 k €↑
2013
Annual accounts 2013-16,5 k €↓
2012
Annual accounts 20122,4 k €↓
2011
Annual accounts 201115,4 k €↓
2010
Annual accounts 201031,8 k €↑
2009
Annual accounts 200911,6 k €↑
2008
Annual accounts 2008794,7 €
30/01/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAY-GROUP

Overview

What does MAY-GROUP do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline