MAY IMMO
ActiveSummary
MAY IMMO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,103 and a net result of €24,327. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+6
Solvency55▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.2 in 2024; short-term debt: 25% and cash: 0.6% of total assets), and 69.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
30.3%
Return on assets
4.1%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-05-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
11 d late
2024
5 d late
2023
8 d late
2022
12 d late
2021
5 d late
2020
on the day
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 9 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€181,103▲ 15.5%
2024 · €156,776
Total assets
€596,874▼ 0.4%
2024 · €599,411
Net result
€24,327▲ 15.2%
2024 · €21,120
Working capital
-€109,644▼ 10.1%
2024 · -€99,549
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€59,057▼ 3.3%€62,113▲ 5.2%€70,672▲ 13.8%€40,289▼ 43.0%€42,919▲ 6.5%
Net result€43,621above the sector's middle half▼ 2.3%€47,020above the sector's middle half▲ 7.8%€55,505above the sector's middle half▲ 18.0%€21,120within the sector's middle half▼ 61.9%€24,327within the sector's middle half▲ 15.2%
Equity€98,131within the sector's middle half▲ 16.1%€115,151within the sector's middle half▲ 17.3%€135,656within the sector's middle half▲ 17.8%€156,776within the sector's middle half▲ 15.6%€181,103within the sector's middle half▲ 15.5%
Total assets€635,726within the sector's middle half▼ 5.7%€634,039within the sector's middle half▼ 0.3%€632,294within the sector's middle half▼ 0.3%€599,411within the sector's middle half▼ 5.2%€596,874within the sector's middle half▼ 0.4%
Debt€537,595▼ 8.8%€518,888▼ 3.5%€496,638▼ 4.3%€442,635▼ 10.9%€415,770▼ 6.1%
Working capital-€85,504below the sector's middle half▼ 10.3%-€91,576below the sector's middle half▼ 7.1%-€95,493below the sector's middle half▼ 4.3%-€99,549below the sector's middle half▼ 4.2%-€109,644below the sector's middle half▼ 10.1%
Solvency15.4%within the sector's middle half▲ 2.9pp18.2%within the sector's middle half▲ 2.7pp21.5%within the sector's middle half▲ 3.3pp26.2%within the sector's middle half▲ 4.7pp30.3%within the sector's middle half▲ 4.2pp
Current ratio0.12below the sector's middle half▼ 0.180.22below the sector's middle half▲ 0.110.30below the sector's middle half▲ 0.080.20below the sector's middle half▼ 0.100.27below the sector's middle half▲ 0.06
Return on assets (ROA)6.9%within the sector's middle half▲ 0.2pp7.4%within the sector's middle half▲ 0.6pp8.8%above the sector's middle half▲ 1.4pp3.5%within the sector's middle half▼ 5.3pp4.1%within the sector's middle half▲ 0.6pp
Staff (FTE)11=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €596,874
Fixed assets
€557,200 ▼ 2.9%
Current assets
€39,674 ▲ 56.1%
Equity and liabilities €596,874
Equity
€181,103 ▲ 15.5%
Debt
€415,770 ▼ 6.1%
Debt's share of the balance-sheet total falls from 73.8% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,719▲
2024 · €57,089
Cash flow
€41,127▲
2024 · €37,920
Debt to equity
2.30▼
2024 · 2.82
ROE
13.4%▼
2024 · 13.5%
Interest coverage
6.74▲
2024 · 5.34
Debt ≤ 1 year
€149,317▲
2024 · €124,960
Debt > 1 year
€266,453▼
2024 · €309,439
Income taxes
€9,731▲
2024 · €8,477
Staff costs
€39,307▲
2024 · €33,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,089 | €39,307 | ▲ 18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Other operating charges640/8 | €918 | €348 | €473 | €1,250 | €2,060 | ▲ 64.8% |
| Gross operating margin9900 | €76,775 | €79,261 | €87,944 | €91,429 | €101,086 | ▲ 10.6% |
| Operating profit (loss)9901 | €59,057 | €62,113 | €70,672 | €40,289 | €42,919 | ▲ 6.5% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €11,308 | €10,219 | €9,358 | €10,692 | €8,861 | ▼ 17.1% |
| Recurring financial charges65 | €11,308 | €10,219 | €9,358 | €10,692 | €8,861 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €47,749 | €51,894 | €61,314 | €29,598 | €34,058 | ▲ 15.1% |
| Income taxes67/77 | €4,128 | €4,875 | €5,809 | €8,477 | €9,731 | ▲ 14.8% |
| Profit (loss) for the period9904 | €43,621 | €47,020 | €55,505 | €21,120 | €24,327 | ▲ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €43,621 | €47,020 | €55,505 | €21,120 | €24,327 | ▲ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €635,726 | €634,039 | €632,294 | €599,411 | €596,874 | ▼ 0.4% |
| Fixed assets21/28 | €624,400 | €607,600 | €590,800 | €574,000 | €557,200 | ▼ 2.9% |
| Tangible fixed assets22/27 | €624,400 | €607,600 | €590,800 | €574,000 | €557,200 | ▼ 2.9% |
| Land and buildings22 | €624,400 | €607,600 | €590,800 | €574,000 | €557,200 | ▼ 2.9% |
| Current assets29/58 | €11,326 | €26,439 | €41,494 | €25,411 | €39,674 | ▲ 56.1% |
| Amounts receivable within one year40/41 | €4,150 | €13,150 | €33,150 | €25,150 | €36,150 | ▲ 43.7% |
| Other amounts receivable41 | €4,150 | €13,150 | €33,150 | €25,150 | €36,150 | ▲ 43.7% |
| Cash at bank and in hand54/58 | €7,176 | €13,289 | €8,344 | €236 | €3,524 | ▲ 1,394% |
| Deferred charges and accrued income490/1 | - | - | - | €25 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €635,726 | €634,039 | €632,294 | €599,411 | €596,874 | ▼ 0.4% |
| Equity10/15 | €98,131 | €115,151 | €135,656 | €156,776 | €181,103 | ▲ 15.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €76,131 | €93,151 | €113,656 | €134,776 | €159,103 | ▲ 18.0% |
| Amounts payable17/49 | €537,595 | €518,888 | €496,638 | €442,635 | €415,770 | ▼ 6.1% |
| Amounts payable after more than one year17 | €432,823 | €392,592 | €351,486 | €309,439 | €266,453 | ▼ 13.9% |
| Financial debts170/4 | €432,823 | €392,592 | €351,486 | €309,439 | €266,453 | ▼ 13.9% |
| Amounts payable within one year42/48 | €96,830 | €118,015 | €136,987 | €124,960 | €149,317 | ▲ 19.5% |
| Current portion of amounts payable after more than one year42 | €39,352 | €40,231 | €41,106 | €42,047 | €42,986 | ▲ 2.2% |
| Trade debts44 | €6,302 | €8,388 | €10,906 | €10,122 | €24,713 | ▲ 144% |
| Suppliers440/4 | €6,302 | €8,388 | €10,906 | €10,122 | €24,713 | ▲ 144% |
| Taxes, remuneration and social security45 | €6,100 | €19,674 | €40,484 | €72,704 | €63,251 | ▼ 13.0% |
| Taxes450/3 | €6,100 | €19,674 | €40,484 | €64,379 | €54,034 | ▼ 16.1% |
| Remuneration and social security454/9 | - | - | - | €8,325 | €9,217 | ▲ 10.7% |
| Other amounts payable47/48 | €45,076 | €49,722 | €44,491 | €87 | €18,367 | ▲ 20,949% |
| Accrued charges and deferred income492/3 | €7,942 | €8,281 | €8,165 | €8,236 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,621 | €47,020 | €55,505 | €21,120 | €24,327 | ▲ 15.2% |
| + Depreciation and write-downs630 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Operating cash flow (approximation) | €60,421 | €63,820 | €72,305 | €37,920 | €41,127 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,113 | -€4,946 | -€8,108 | €3,288 | ▲ 141% |
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
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
30-09
Financial
Weakest financial yearnet €21,120 ▼61.9%
Net result drops to €21,120, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €150,000Eq €156,776 ▲15.6%
7 profitable years in a row build equity to €156,776.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
30-09
Financial
Equity above €100,000Eq €115,151 ▲17.3%
5 profitable years in a row build equity to €115,151.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2019
Ground area
311 m²
Building footprint
237 m²
Volume, LiDAR
4,702 m³
Parcel 21822R0307/00G002, Brussels · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Emile De Motlaan 23, 1000 Brussel
since 20192.303.672.596
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0307/00G002 | Brussels | 311 m² | 1 · 237 m² | 27.6 m · 7 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.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,225 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 (pre-2019)
Founded21-03-2017
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672844557
Also
9925:BE0672844557
Registered
09-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.