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CHEZ YE

Active
Private limited companyfounded 20232 yrs activeAvenue de la Résistance 95, 4630 Soumagne, BelgiumKBO/BCE: BE 1003.675.430
Summary

The computed 12-month bankruptcy probability of CHEZ YE is 4.5% (elevated). The 2024 annual accounts show equity of €15,747 and a net result of €9,747. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
€15,747
Total assets
€115,819
Net result
€9,747
Working capital
-€68,239

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €115,819
Fixed assets €83,987
Current assets €31,832
Equity and liabilities €115,819
Equity €15,747
Debt €100,072
Debt finances 86.4% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€37,674
Cash flow
€32,858
Current ratio
0.32
Quick ratio
0.18
Debt to equity
6.35
ROE
61.9%
ROA
8.4%
Interest coverage
17.85
Debt ≤ 1 year
€100,072
Income taxes
€2,748
Staff costs
€14,849

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.5% 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 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 7,976 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
Filed annual accounts As filed with the NBB · 2024 · 42 lines
Balance sheet Code2024
Assets
Total assets20/58€115,819
Fixed assets21/28€83,987
Tangible fixed assets22/27€83,987
Plant, machinery and equipment23€33,041
Furniture and vehicles24€50,945
Current assets29/58€31,832
Stocks and contracts in progress3€13,450
Stocks30/36€13,450
Amounts receivable within one year40/41€2,901
Trade receivables40€1,911
Other amounts receivable41€990
Cash at bank and in hand54/58€14,170
Deferred charges and accrued income490/1€1,311
Equity and liabilities
Total equity and liabilities10/49€115,819
Equity10/15€15,747
Contributions10/11€6,000
Reserves13€9,747
Distributable reserves133€9,747
Amounts payable17/49€100,072
Amounts payable within one year42/48€100,072
Trade debts44€4,548
Suppliers440/4€4,548
Taxes, remuneration and social security45€7,331
Taxes450/3€4,748
Remuneration and social security454/9€2,583
Other amounts payable47/48€88,193
Income statement Code2024
Remuneration, social security and pensions62€14,849
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,111
Other operating charges640/8€4,889
Gross operating margin9900€57,411
Operating profit (loss)9901€14,562
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€2,110
Recurring financial charges65€2,110
Profit (loss) for the period before taxes9903€12,495
Income taxes67/77€2,748
Profit (loss) for the period9904€9,747
Profit (loss) for the period to be appropriated9905€9,747
Appropriation of the result
Profit (loss) to be appropriated9906€9,747
Transfer to equity691/2€9,747
To other reserves6921€9,747

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€14,849
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,111
Other operating charges640/8€4,889
Gross operating margin9900€57,411
Operating profit (loss)9901€14,562
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€2,110
Recurring financial charges65€2,110
Profit (loss) for the period before taxes9903€12,495
Income taxes67/77€2,748
Profit (loss) for the period9904€9,747
Profit (loss) for the period to be appropriated9905€9,747
Line2024
Assets
Total assets20/58€115,819
Fixed assets21/28€83,987
Tangible fixed assets22/27€83,987
Plant, machinery and equipment23€33,041
Furniture and vehicles24€50,945
Current assets29/58€31,832
Stocks and contracts in progress3€13,450
Stocks30/36€13,450
Amounts receivable within one year40/41€2,901
Trade receivables40€1,911
Other amounts receivable41€990
Cash at bank and in hand54/58€14,170
Deferred charges and accrued income490/1€1,311
Equity and liabilities
Total equity and liabilities10/49€115,819
Equity10/15€15,747
Contributions10/11€6,000
Reserves13€9,747
Distributable reserves133€9,747
Amounts payable17/49€100,072
Amounts payable within one year42/48€100,072
Trade debts44€4,548
Suppliers440/4€4,548
Taxes, remuneration and social security45€7,331
Taxes450/3€4,748
Remuneration and social security454/9€2,583
Other amounts payable47/48€88,193
Line2024
Profit (loss) for the period9904€9,747
+ Depreciation and write-downs630€23,111
Operating cash flow (approximation)€32,858

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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