Equity
€4.0m from €11.1m in 2016
Equity fell by 64% in 10 years.
Mayerline
Lifetime
18 annual accounts with figures on one time axis, 48 filings since 1978peak €48.3m (2009)
€33.1m▲ 0.7%
lowest -€3.1m (2021)
-€1.4m▼ €2.7m
peak €11.1m (2016)
€4.0m▼ 25.1%
€6.6m▲ 28.3%
peak 239.3 FTE (2016)
137.7 FTE▲ 2.5%
Board44 names since 2004all names
5 directorsAmlutimi and 4 others
Owners5 names in the annual accounts
99.98%CLAES RETAIL GROUP and 2 others
Documentsfilings and deeds
29-09-202629 days late
2026financial year
Loss of €1.4mEquity from €5.4m to €4.0mDebts from €5.1m to €6.6m1 establishment registeredCash from €1.8m to €859,483
Key points
from the 2026 annual accountsResult
-€1.4m -€1.4m
From profit to loss in 2026, after a profit of €1.4m in 2025.
Investments
€1.6m 1.8 × depreciation
Green is investment, beige is depreciation.
Staff
137.7 FTE from 239.3 in 2016
Between 2016 and 2026, 42% of the full-time equivalents disappeared.
Filings
48 annual accounts 55 filings since 1978
Four of the last ten came late. The 2026 accounts came latest: 29 days after the end of the period.
Position in the sector
-€1.4m
Lower net result than 95% of companies in retail trade. Sector median €43,673 · 396 companies.
Checked score
68
Healthy
Financially stronger than 37% of medium-sized companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: < 0.1%▼ -0.2 percentage points vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026
10-2026: 0.7%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.4m (financial year 2026)
Sector: Retail trade (NACE 47)
lowers risk
Legal form: public limited company
Founded in 1957
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 63% of them on solvency, 36% on liquidity, 19% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 147 companies had the same profile as Mayerline has now. Each dot is one company, two years later.
91.8%
were still trading
5.4%
stopped another way
2.0%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Mayerline itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 147 companies, not a prediction for Mayerline. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €270,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.06 (1.43 in 2025), below the usual 1.5. Short-term debt is 57.7% and cash 8.1% of total assets. 61.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2026 accounts filed 29 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 29-09-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
29 days late
2025
24 days late
2024
51 days early
2023
26 days late
2022
61 days early
2021
21 days late
2020
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 24 September (4 of the last 5 accounts filed within 74 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-01-2027 year end31-08-2027 deadline
Board and ownership
- CLAES RETAIL GROUP 99.98%score 87equity €53.1m (2026) · annual accounts 31-01-2026
- C.R.G. NV consolidatesannual accounts 31-01-2026
- ANN CLAES 0.01%annual accounts 31-01-2026
Shares in 2 companies, MAY-LUX SA and UAB MLI
Board & ownershipRecent changes
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
Resignation: SUM BV (director)
Permanent representative: Bart Claes · General meeting of 17-10-2025 · Gazette deed
Appointment: DiPolaris BV (director)
Permanent representative: Dorien Timmermans · General meeting of 27-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mayerline Houthalen-Helchteren | €33.1m | -2.2% | 38.1% | 137.7 |
| Société Belge Etam Etterbeek | €35.9m | 5.2% | 51.1% | 209.6 |
| Comax Brussels | €13.4m | 2.2% | 70.2% | 45.5 |
| Scapa Retail Brasschaat | €7.9m | -5.0% | 0.2% | 35.8 |
| SUIT SUPPLY BELGIE Saint-Josse-ten-Noode | €21.1m | 3.3% | 55.7% | 62.8 |
| BLUE STORES Brussels | €54.4m | 5.6% | 12.4% | 39.9 |
| Grimobel Berchem-Sainte-Agathe | - | - | 86.4% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Mayerline: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €3.7m and €25m, founded between 1928 and 2007.
Official details
Source: KBO- Status
- Active since 12-04-1957Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Retail sale of women's outerwearNACE 47711
- Joint committees
- 109Clothing and garment industry
- 201Independent retail
- 215White-collar workers in the clothing and garment industry · annual accounts 31-01-2023and 1 other
- Establishment units
- 2.020.082.2101800 Vilvoorde, since 12-04-1957
- 2.020.083.3969000 Ghent, since 21-04-1995and 55 others
- Financial year end
- 31 January
- Peppol
- Reachable
Annual accounts to 31-01-2026
- €10.6m▲ 0.9%
- Employeeson 31-01-2026
- 164▼ 2.4%
- Filing
- Filed on 29-09-2026
Companies linked to Mayerline
Parent and group
Insights on Mayerline
Mayerline has existed since 1957. Turnover fell from €48.3m in 2009 to €33.1m in 2026 and staff from 235 to 137.7 full-time equivalents.
Turnover has grown every year since 2021. Solvency fell in 2026 from 51.4% to 38.1% because of the loss.
CLAES RETAIL GROUP holds all the shares. In July 2022, three directors stepped down. In July 2022, the Official Gazette published the appointment of Amlutimi as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Mayerline
- What is the company number of Mayerline?
- The company number of Mayerline is 0400.573.277. The VAT number is the same number with BE in front: BE 0400.573.277.
- Where is Mayerline based?
- The registered office is at Centrum-Zuid 3401, 3530 Houthalen-Helchteren.Company details
- What does Mayerline do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of Mayerline?
- Mayerline is a public limited company (NV).
- When was Mayerline founded?
- Mayerline was founded on 12-04-1957.
- Is Mayerline still active?
- Yes, Mayerline is an active enterprise in the KBO register.
- How many employees does Mayerline have?
- Mayerline had an average of 137.7 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Mayerline fall under?
- In its 31-01-2023 annual accounts, Mayerline states joint committees 109 (Clothing and garment industry), 201 (Independent retail), 215 (White-collar workers in the clothing and garment industry) and 311 (Large retail businesses).
- What is the turnover of Mayerline?
- The turnover of Mayerline was €33.1m in financial year 2026, according to the filed annual accounts.
- Is Mayerline profitable?
- In financial year 2026, Mayerline made a loss of €1.4m.
- Where can I find the annual accounts of Mayerline?
- Mayerline filed 55 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Mayerline due?
- Mayerline must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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