BELGIAN YIELDCORE
ActiveSummary
BELGIAN YIELDCORE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,004 and a net result of €14,950. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+21
Solvency65▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.69 in 2024; short-term debt: 59.1% and cash: 38.1% of total assets), but 59.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
40.4%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
21 d early
2023
47 d early
2022
10 d late
2021
3 d late
2020
40 d early
2019
24 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 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€102,004▲ 2.7%
2024 · €99,324
Total assets
€252,175▲ 4.8%
2024 · €240,696
Net result
€14,950▲ 569%
2024 · €2,234
Working capital
€99,945▲ 2.9%
2024 · €97,106
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€16,764▲ 25.2%€19,874▲ 18.6%€15,360▼ 22.7%€18,350▲ 19.5%€17,961▼ 2.1%
Net result€2,949within the sector's middle half▼ 61.2%€12,390within the sector's middle half▲ 320%€5,712within the sector's middle half▼ 53.9%€2,234within the sector's middle half▼ 60.9%€14,950within the sector's middle half▲ 569%
Equity€89,468within the sector's middle half▼ 5.0%€101,858within the sector's middle half▲ 13.8%€97,090within the sector's middle half▼ 4.7%€99,324within the sector's middle half▲ 2.3%€102,004within the sector's middle half▲ 2.7%
Total assets€538,330above the sector's middle half▲ 11.8%€355,054within the sector's middle half▼ 34.0%€324,581within the sector's middle half▼ 8.6%€240,696within the sector's middle half▼ 25.8%€252,175within the sector's middle half▲ 4.8%
Debt€429,611▲ 16.7%€253,196▼ 41.1%€227,490▼ 10.2%€141,371▼ 37.9%€150,170▲ 6.2%
Working capital€93,180within the sector's middle half▼ 1.8%€90,986within the sector's middle half▼ 2.4%€90,736within the sector's middle half▼ 0.3%€97,106within the sector's middle half▲ 7.0%€99,945within the sector's middle half▲ 2.9%
Solvency16.6%within the sector's middle half▼ 2.9pp28.7%within the sector's middle half▲ 12.1pp29.9%within the sector's middle half▲ 1.2pp41.3%within the sector's middle half▲ 11.4pp40.4%within the sector's middle half▼ 0.8pp
Current ratio1.22within the sector's middle half▼ 0.041.36within the sector's middle half▲ 0.141.40within the sector's middle half▲ 0.041.69within the sector's middle half▲ 0.291.67within the sector's middle half▼ 0.02
Return on assets (ROA)0.5%within the sector's middle half▼ 1.0pp3.5%within the sector's middle half▲ 2.9pp1.8%within the sector's middle half▼ 1.7pp0.9%within the sector's middle half▼ 0.8pp5.9%within the sector's middle half▲ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252,175
Fixed assets
€3,084 ▼ 3.9%
Current assets
€249,091 ▲ 4.9%
Equity and liabilities €252,175
Equity
€102,004 ▲ 2.7%
Debt
€150,170 ▲ 6.2%
Debt's share of the balance-sheet total rises from 58.7% to 59.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,085▼
2024 · €22,541
Cash flow
€15,074▲
2024 · €6,425
Debt to equity
1.47▲
2024 · 1.42
ROE
14.7%▲
2024 · 2.2%
Interest coverage
3.15▲
2024 · 1.28
Debt ≤ 1 year
€149,146▲
2024 · €140,381
Income taxes
€1,554▲
2024 · €281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,723 | €4,337 | €4,337 | €4,191 | €125 | ▼ 97.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€19,250 | - | - | - | - |
| Other operating charges640/8 | €1,464 | €520 | €1,896 | €1,385 | €38,212 | ▲ 2,660% |
| Gross operating margin9900 | €22,950 | €5,481 | €21,592 | €23,926 | €56,298 | ▲ 135% |
| Operating profit (loss)9901 | €16,764 | €19,874 | €15,360 | €18,350 | €17,961 | ▼ 2.1% |
| Financial income75/76B | €57 | €1,016 | €430 | €1,818 | €4,280 | ▲ 135% |
| Recurring financial income75 | €57 | €1,016 | €430 | €1,818 | €4,280 | ▲ 135% |
| Financial charges65/66B | €13,528 | €7,211 | €9,450 | €17,653 | €5,737 | ▼ 67.5% |
| Recurring financial charges65 | €13,528 | €7,211 | €9,450 | €17,653 | €5,737 | ▼ 67.5% |
| Profit (loss) for the period before taxes9903 | €3,293 | €13,680 | €6,340 | €2,515 | €16,504 | ▲ 556% |
| Income taxes67/77 | €345 | €1,290 | €628 | €281 | €1,554 | ▲ 453% |
| Profit (loss) for the period9904 | €2,949 | €12,390 | €5,712 | €2,234 | €14,950 | ▲ 569% |
| Profit (loss) for the period to be appropriated9905 | €2,949 | €12,390 | €5,712 | €2,234 | €14,950 | ▲ 569% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €538,330 | €355,054 | €324,581 | €240,696 | €252,175 | ▲ 4.8% |
| Fixed assets21/28 | €16,073 | €11,736 | €7,399 | €3,208 | €3,084 | ▼ 3.9% |
| Tangible fixed assets22/27 | €12,989 | €8,652 | €4,316 | €125 | - | - |
| Plant, machinery and equipment23 | €11,525 | €7,725 | €3,925 | €125 | - | - |
| Furniture and vehicles24 | €1,464 | €928 | €391 | - | - | - |
| Financial fixed assets28 | €3,084 | €3,084 | €3,084 | €3,084 | €3,084 | = |
| Current assets29/58 | €522,257 | €343,318 | €317,181 | €237,487 | €249,091 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €330,058 | €305,753 | €202,566 | €193,114 | €152,228 | ▼ 21.2% |
| Trade receivables40 | €328,201 | €303,907 | €200,700 | €188,186 | €150,772 | ▼ 19.9% |
| Other amounts receivable41 | €1,857 | €1,846 | €1,866 | €4,929 | €1,456 | ▼ 70.5% |
| Cash at bank and in hand54/58 | €191,452 | €36,250 | €113,824 | €43,517 | €96,005 | ▲ 121% |
| Deferred charges and accrued income490/1 | €747 | €1,315 | €791 | €856 | €858 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €538,330 | €355,054 | €324,581 | €240,696 | €252,175 | ▲ 4.8% |
| Equity10/15 | €89,468 | €101,858 | €97,090 | €99,324 | €102,004 | ▲ 2.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €35,415 | €47,805 | €43,037 | €45,271 | €47,951 | ▲ 5.9% |
| Non-distributable reserves130/1 | €2,125 | €2,125 | €265 | €265 | €265 | = |
| Reserves not available under the articles1311 | €2,125 | €2,125 | €265 | €265 | €265 | = |
| Distributable reserves133 | €33,289 | €45,679 | €42,771 | €45,005 | €47,685 | ▲ 6.0% |
| Profit (loss) carried forward14 | €35,454 | €35,454 | €35,454 | €35,454 | €35,454 | = |
| Provisions and deferred taxes16 | €19,250 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €19,250 | - | - | - | - | - |
| Environmental obligations163 | €19,250 | - | - | - | - | - |
| Amounts payable17/49 | €429,611 | €253,196 | €227,490 | €141,371 | €150,170 | ▲ 6.2% |
| Amounts payable within one year42/48 | €429,077 | €252,332 | €226,445 | €140,381 | €149,146 | ▲ 6.2% |
| Trade debts44 | €373,523 | €188,919 | €141,220 | €65,621 | €77,110 | ▲ 17.5% |
| Suppliers440/4 | €373,523 | €188,919 | €141,220 | €65,621 | €77,110 | ▲ 17.5% |
| Taxes, remuneration and social security45 | €1,153 | €1,633 | €1,916 | €280 | €1,822 | ▲ 551% |
| Taxes450/3 | €1,153 | €1,633 | €1,916 | €280 | €1,822 | ▲ 551% |
| Other amounts payable47/48 | €54,401 | €61,780 | €83,309 | €74,481 | €70,214 | ▼ 5.7% |
| Accrued charges and deferred income492/3 | €534 | €863 | €1,045 | €990 | €1,024 | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,949 | €12,390 | €5,712 | €2,234 | €14,950 | ▲ 569% |
| + Depreciation and write-downs630 | €4,723 | €4,337 | €4,337 | €4,191 | €125 | ▼ 97.0% |
| Operating cash flow (approximation) | €7,672 | €16,727 | €10,048 | €6,425 | €15,074 | ▲ 135% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€155,203 | €77,574 | -€70,307 | €52,488 | ▲ 175% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €14,950 ▲569%
Net result €14,950, the highest in the series.
31-12
Financial
Equity above €100,000Eq €102,004 ▲2.7%
8 profitable years in a row build equity to €102,004.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Equity above €100,000Eq €101,858 ▲13.8%
5 profitable years in a row build equity to €101,858.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
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, Aalst · 1 establishment unit since 2007
Ground area
5,446 m²
Building footprint
3,549 m²
Volume, LiDAR
16,395 m³
Parcel 41019B0380/00H000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Belgian Yieldcore
since 20072.164.887.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41019B0380/00H000 | Flanders | 5,446 m² | 1 · 3,549 m² | 7.2 m · 2 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 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,414 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
Founded03-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891799687
Also
9925:BE0891799687
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.