EASTERN
ActiveSummary
EASTERN has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€26,445. Equity has been shrinking by about 13% per year since 2018. If that trend continues, it turns negative around financial year 2028. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-04-1991 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- “Beleggingen en beheer van vermogens, gaande van onroerende goederen en rechten tot roerende goederen…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.054.286.784 2323 Hoogstraten, since 24-09-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Tielen LoïcManaging director
- Tielen LudovicusManaging director
- Tielen YannickManaging director
- YACELO100%· score 842025 annual accounts of YACELO
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€4,585
- ▼ 20.4%
- Loss
- €26,445
- ▲ 8.5%
- Equity
- €1.2m
- ▼ 2.1%
- Total assets
- €1.9m
- ▲ 2.6%
Score breakdownraises riskLiquidity: current ratio 0.03, cash €271, halved2 of the last 3 accounts lateNo main activity registeredlowers riskSize: total assets €1.9mShow the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 53% of them on solvency, 18% on liquidity, 24% on profitability and 37% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 35 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,821, smaller than the loss of €10,174 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,388 | €23,800 | €46,405 | €7,052 | €31,037 |
| Depreciation and write-downs of the year | €1,362 | €1,051 | €519 | €519 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €842 | €842 | €1,362 | €1,362 | €1,051 | €519 | €519 | - | - |
| Other operating charges640/8 | - | - | - | €5,004 | €5,050 | €5,776 | €5,846 | €5,236 | ▼ 10.4% |
| Gross operating margin9900 | -€448 | €4,525 | -€13,797 | -€1,032 | -€4,391 | -€6,967 | -€3,809 | -€4,585 | ▼ 20.4% |
| Operating profit (loss)9901 | -€6,454 | -€1,580 | -€20,588 | -€7,398 | -€10,491 | -€13,263 | -€10,174 | -€9,821 | ▲ 3.5% |
| Financial income75/76B | - | - | - | - | €1,049 | €1,155 | €1,035 | €0 | ▼ 100.0% |
| Recurring financial income75 | €10,146 | €9,780 | €1,397 | - | €1,049 | €1,155 | €1,035 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €28,937 | €12,667 | €14,193 | €15,244 | €16,624 | ▲ 9.1% |
| Recurring financial charges65 | €17,650 | €17,863 | €10,157 | €28,937 | €12,667 | €14,193 | €15,244 | €16,624 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | -€13,958 | -€9,662 | -€29,348 | -€36,335 | -€22,108 | -€26,301 | -€24,383 | -€26,445 | ▼ 8.5% |
| Profit (loss) for the period9904 | -€13,958 | -€9,662 | -€29,348 | -€36,335 | -€22,108 | -€26,301 | -€24,383 | -€26,445 | ▼ 8.5% |
| Profit (loss) for the period to be appropriated9905 | -€13,958 | -€9,662 | -€29,348 | -€36,335 | -€22,108 | -€26,301 | -€24,383 | -€26,445 | ▼ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €1.9m | €1.9m | ▲ 2.6% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €1.9m | €1.9m | ▲ 1.7% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €1.9m | €1.9m | ▲ 1.7% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.7m | €1.9m | €1.9m | ▲ 1.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.001m | - | - | - |
| Current assets29/58 | €0.4m | €0.02m | €0.02m | €0.02m | €0.001m | €0.02m | €0.001m | €0.02m | ▲ 30× |
| Amounts receivable within one year40/41 | €0.4m | €0.01m | €0.01m | €0.01m | - | €0.02m | - | €0.02m | - |
| Other amounts receivable41 | - | - | - | €0.01m | - | €0.02m | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.001m | €0.003m | €310 | €0.001m | €0.001m | €67 | €0.001m | €271 | ▼ 55.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €1.9m | €1.9m | ▲ 2.6% |
| Equity10/15 | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | €0.07m | €1.2m | €1.2m | ▼ 2.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Contributions outside capital11 | - | - | - | €76 | €76 | €76 | €76 | €76 | = |
| Share premium1100/10 | - | - | - | €76 | €76 | €76 | €76 | €76 | = |
| Revaluation surpluses12 | - | - | - | €0.4m | €0.4m | €0.4m | €1.6m | €1.6m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | -€0.5m | -€0.5m | -€0.5m | ▼ 5.4% |
| Amounts payable17/49 | €0.8m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 12.1% |
| Amounts payable within one year42/48 | €0.8m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 12.1% |
| Trade debts44 | €0.004m | - | €0.001m | €75 | €449 | €0.004m | €0.003m | €0.004m | ▲ 55.8% |
| Suppliers440/4 | - | - | - | €75 | €449 | €0.004m | €0.003m | €0.004m | ▲ 55.8% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 12.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | -€0.01m | -€0.03m | -€0.04m | -€0.02m | -€0.03m | -€0.02m | -€0.03m | ▼ 8.5% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Operating cash flow (approximation) | -€0.01m | -€0.009m | -€0.03m | -€0.03m | -€0.02m | -€0.03m | -€0.02m | -€0.03m | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | €0 | -€0.003m | -€0.02m | -€0.02m | -€0.05m | -€1.2m | -€0.03m | ▲ 97.4% |
| Change in cash | - | €0.003m | -€0.003m | €194 | €64 | -€0.001m | €0.001m | -€343 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as EASTERN has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EASTERN itself is higher: 0.8% within 12 months. It rests on far more data about EASTERN than the profile alone.
Test of the method
The method was tested on the 497,446 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 8,617 companies, not a prediction for EASTERN. 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.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00212950 | |
| 31-12-2024 | micro format | 15-09-2025 | 2025-00491400 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00517943 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00383824 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20365917 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30100268 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30200552 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-40700485 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39200504 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-19400326 |
Board & ownership
Directors
Board 4
Day-to-day management 3
Owners and capital
Shareholders
1 ownerChain of control
- YACELO
- EASTERN
Owners 1
- YACELOparentSourceaccounts YACELO 2025Equity €12.5m Loss of €8,778 in 2025 (loss of €310,265 in 2024) Checked score 84100%
Capital transactions
- enige aandeelhouder all shares
- 20-03-2024 Capital conversion · BEF 3,950,000
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| TIELEN LUDO |
|
| Tielen Loïc |
|
| Tielen Ludovicus |
|
| Tielen Yannick |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Functies - Bijeenroeping, telkens belang vennootschap vereist of op verzoek bestuurder”“Werking van de vergadering, minstens helft leden aanwezig of vertegenwoordigd”
Articles of association, deed of 20-03-2024 (in Dutch)
Network & group
Companies at the same address
16 other companies- YCL Registered office · since 2025 1024425215
- Kaya Finance Registered office · since 2024 1017597801
- Oversea Invest Registered office · since 2008 0808100169
- Bouwinvest Essen Registered office · since 2007 0893517577
- Tapramo Registered office · since 2006 0881068222
- Colanda Registered office · since 2006 0881075051
- V.V. INVEST Registered office · since 2005 0870694863
- PR PHARMACEUTICALS Registered office · since 1999 0465770145
- I.D. Vastgoed Registered office · since 1996 0431713445
- HMK-HOLTRANS Registered office · since 1995 0454566843
Connections & network
4 current directorsThe network starts from the directors of EASTERN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-03
Gazette deed
Amendment of the articlesCapital conversion · Capital · Shareholding6 points ▸
- General meeting, 21-12-2023
- Capital conversion, 3950000, “BEF” (deed in Dutch)
- Other provision, “omzetting aandelen aan toonder in aandelen op naam, opdracht aan de notaris om de aandelen aan toonder te vernietigen” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €97,918.17
- enige aandeelhouder holds all the shares
20-06
Gazette deed
Reappointments: Tielen Ludovicus, Tielen Yannick and Tielen Loïc8 points ▸
- General meeting, 02-05-2022
- Director reappointment, Tielen Ludovicus (director)
- Director reappointment, Tielen Yannick (director)
- Director reappointment, Tielen Loïc (director)
- Board meeting, “raad van bestuur” (deed in Dutch)
- Director reappointment, Tielen Ludovicus (managing director)
- Director reappointment, Tielen Yannick (managing director)
- Director reappointment, Tielen Loïc (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
9 activities
- Beleggingen en beheer van vermogens, gaande van onroerende goederen en rechten tot roerende goederen en kapitalen, dit alles hetzij voor eigen rekening, hetzij voor rekening van derden of in deelname met derden
- Deze aanduiding en opsomming zijn niet beperkend doch enkel van aanwijzende aard en te begrijpen in de ruimste zin
- Onroerende leasing
- Het verlenen van allerlei diensten en technische bijstand op het vlak van management en marketing
- Het uitoefenen van bestuursmandaten in andere vennootschappen
- Zij kan deelnemen in of zich op een andere wijze interesseren aan andere vennootschappen, ondernemingen, groeperingen of organisaties
- Zij mag zich hiervoor borg stellen of aval verlenen, voorschotten en kredieten toestaan, hypothecaire of andere waarborgen verstrekken
- Zij mag ook de functie van bestuurder of vereffenaar in andere vennootschappen uitoefenen
- In het algemeen mag zij alle verrichtingen uitvoeren die nodig of dienstig zijn voor de verwezenlijking van haar voorwerp en dit zowel in België als in het buitenland
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13051C0273/00F000 | Flanders | 299 m² | 1 · 349 m² | 7.9 m · 1 |