Equity
-€52,114
Debts exceed assets in financial year 2025.
Y
Lifetime
12 annual accounts with figures on one time axispeak €31,175 (2017)
-€53,849▼ €50,977
lowest -€65,560 (2025)
-€65,560▼ €55,263
peak €33,680 (2020)
-€52,114▼ €65,560
€443,140▲ 144%
peak 0.3 FTE (2017)
-not published
Board3 names since 2013
3 directorsLESAGE David Raphaël and 2 others
Owners
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€2,871 to -€53,849Loss of €65,560Equity from €13,446 to -€52,114Debts from €181,689 to €443,140Investments €196,285Cash from €7 to €1,416
Key points
from the 2025 annual accountsResult
-€65,560 ▼ 537%
The result fell in 2025 from -€10,297 to -€65,560.
Debts
€443,140 113% of the balance sheet
Financial debts 34%Suppliers 5%Other 61%
Of this, €291,514 falls due within a year.
Investments
€196,285 17.8 × depreciation
Green is investment, beige is depreciation.
Filings
12 annual accounts since 2014
Ten of the last ten came late. The 2018 accounts came latest: 345 days after the end of the period.
Position in the sector
-€65,560
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 4% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025lowest value
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 1.5%▲ +0.1 percentage points vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.4%▼ -0.1 percentage points vs 04-2026
06-2026: 1.3%▼ -0.1 percentage points vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.8%▲ +0.5 percentage points vs 07-2026
09-2026: 2.4%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 2.4%● unchanged vs 09-2026highest value
11-2026: 2.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €65,560, the second in a row (financial year 2025)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.58, cash €1,416
lowers risk
Size: total assets €391,026
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 62, micro). It does better than 7% of them on solvency, 4% on liquidity, 5% on profitability and 1% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 6,907 companies had the same profile as Y has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Y itself: 2.4% 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 6,907 companies, not a prediction for Y. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.58 (0.93 in 2024), below 1. Short-term debt is 74.6% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€52,114
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
2025
31 days late
2024
31 days late
2023
29 days late
2022
70 days late
2021
96 days late
2020
178 days late
2019
91 days late
← 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 75 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0536737721
Company renamed from LESAGE DOTCOM to Y
Change of role: LESAGE David Raphaël, from director to statutory director · Resignation: ALLAERT Sofie Marie Thérèse (niet statutair bestuurder) · Reappointments: LESAGE David Raphaël (statutory director) and ALLAERT Sofie Marie Thérèse (director) · General meeting of 12-08-2020 · Gazette deed
Registered office moved from Sint-Denijs-Westrem to Kortrijk
New registered office: Roderiburgstraat 55, 8510 Kortrijk · Previous registered office: DEBYSTRAAT 285, 9051 SINT-DENIJS-WESTREM · Appointment: Sofie Allaert (manager) · Board meeting of 01-01-2019 · Gazette deed
Incorporation
published on 19-07-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Y Kortrijk | €391,026 | -€53,849 | -13.3% | - |
| SOLUXION Anzegem | €409,174 | -€5,479 | -12.6% | - |
| QUALITY EXPERT Zemst | €392,008 | -€9,375 | 53.4% | - |
| MATOLI Jemeppe-sur-Sambre | €393,529 | -€50,531 | 23.3% | - |
| MERISTRAT Evergem | €390,591 | -€49,040 | 98.7% | - |
| KBSolutions Genk | €381,064 | €606 | 96.0% | - |
| LIVARCO Laarne | €351,335 | -€18,251 | -4.2% | - |
These companies have the same main activity as Y: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €351,000 and €409,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 17-07-2013Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 3 others
- Establishment unit
- 2.224.549.8948510 Kortrijk, since 17-07-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Insights on Y
Y files the micro format. That format states no turnover. The gross margin fell from €5,746 in 2014 to -€53,849 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
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 Y
- What is the company number of Y?
- The company number of Y is 0536.737.721. The VAT number is the same number with BE in front: BE 0536.737.721.
- Where is Y based?
- The registered office is at Rodenburgstraat 55, 8510 Kortrijk.Company details
- What does Y do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of Y?
- Y is a private limited company (BV).
- When was Y founded?
- Y was founded on 17-07-2013.
- Is Y still active?
- Yes, Y is an active enterprise in the KBO register.
- How many employees does Y have?
- Y had an average of 0.2 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of Y?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Y profitable?
- In financial year 2025, Y made a loss of €65,560.
- Where can I find the annual accounts of Y?
- Y filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Y due?
- Y must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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