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Y-Projects

Active
Private limited companyfounded 20215 yrs activeBanneuxstraat 17, 3500 Hasselt, BelgiumKBO/BCE: BE 0765.665.243
Summary

The computed 12-month bankruptcy probability of Y-Projects is 2.6% (moderate). The 2025 annual accounts show equity of €6,003 and a net result of €5,347. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability44▲+3
Solvency27▲+2
Growth58=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.09 against 0.23 in 2024; short-term debt: 21.7% and cash: 0.2% of total assets), and 98.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
2 d early
2024
23 d early
2023
1 d early
2022
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 March 2021, Y-Projects was incorporated as a Private limited company.1 Total assets went from EUR 33,079 in 2022 to EUR 375,600 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€6,003▲ 816%
2024 · €655
Total assets
€375,600▼ 3.4%
2024 · €388,937
Net result
€5,347▲ 15.9%
2024 · €4,615
Working capital
-€73,955▼ 19.5%
2024 · -€61,871
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€4,559--€4,146€17,631€16,493▼ 6.5%
Net result€3,147--€10,106€4,615€5,347▲ 15.9%
Equity€6,147--€3,960€655€6,003▲ 816%
Total assets€33,079-€409,078▲ 1,137%€388,937▼ 4.9%€375,600▼ 3.4%
Debt€26,932-€413,038▲ 1,434%€388,281▼ 6.0%€369,598▼ 4.8%
Working capital€6,147--€65,168-€61,871▲ 5.1%-€73,955▼ 19.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2022: €4,559€4,559Net result 2022: €3,147€3,147Operating result 2023: -€4,146-€4,146Net result 2023: -€10,106-€10,106Operating result 2024: €17,631€17,631Net result 2024: €4,615€4,615Operating result 2025: €16,493€16,493Net result 2025: €5,347€5,3472022202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: -€4,146-€4,150Net result 2023: -€10,106-€10,100Operating result 2024: €17,631€17,600Net result 2024: €4,615€4,620Operating result 2025: €16,493€16,500Net result 2025: €5,347€5,350202320242025
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375,600
Fixed assets €368,007 ▼ 0.6%
Current assets €7,593 ▼ 59.6%
Equity and liabilities €375,600
Equity €6,003 ▲ 816%
Debt €369,598 ▼ 4.8%
Debt's share of the balance-sheet total falls from 99.8% to 98.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€32,167▼
2024 · €33,025
Cash flow
€21,021▲
2024 · €20,009
Current ratio
0.09▼
2024 · 0.23
Debt to equity
61.57
ROE
89.1%
ROA
1.4%▲
2024 · 1.2%
Interest coverage
2.87▲
2024 · 2.53
Debt ≤ 1 year
€81,549▲
2024 · €80,657
Debt > 1 year
€285,721▼
2024 · €305,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
2.6% stopped otherwise
94% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,250 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 · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€388,937€375,600▼
Fixed assets21/28€370,151€368,007▼
Tangible fixed assets22/27€370,151€368,007▼
Land and buildings22€370,151€368,007▼
Current assets29/58€18,786€7,593▼
Amounts receivable within one year40/41€6,751€2,352▼
Other amounts receivable41€6,751€2,352▼
Cash at bank and in hand54/58€9,335€655▼
Deferred charges and accrued income490/1€2,700€4,586▲
Equity and liabilities
Total equity and liabilities10/49€388,937€375,600▼
Equity10/15€655€6,003▲
Contributions10/11€3,000€3,000=
Reserves13€3,147€3,147=
Distributable reserves133€3,147€3,147=
Profit (loss) carried forward14-€5,491-€144▲
Amounts payable17/49€388,281€369,598▼
Amounts payable after more than one year17€305,366€285,721▼
Financial debts170/4€305,366€285,721▼
Amounts payable within one year42/48€80,657€81,549▲
Current portion of amounts payable after more than one year42€18,970€19,646▲
Trade debts44€64€3,716▲
Suppliers440/4€64€3,716▲
Other amounts payable47/48€61,624€58,187▼
Accrued charges and deferred income492/3€2,257€2,328▲
Income statement Code20242025
Non-recurring operating income76A-€3,885
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,394€15,674▲
Other operating charges640/8€2,768€5,101▲
Gross operating margin9900€35,793€37,268▲
Operating profit (loss)9901€17,631€16,493▼
Financial income75/76B€26€68▲
Recurring financial income75€26€68▲
Financial charges65/66B€13,042€11,213▼
Recurring financial charges65€13,042€11,213▼
Profit (loss) for the period before taxes9903€4,615€5,347▲
Profit (loss) for the period9904€4,615€5,347▲
Profit (loss) for the period to be appropriated9905€4,615€5,347▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,491-€144▲
Profit (loss) brought forward from the previous period14P-€10,106-€5,491▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A---€3,885-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,145€15,394€15,674▲ 1.8%
Other operating charges640/8€488€4,328€2,768€5,101▲ 84.3%
Gross operating margin9900€5,047€5,328€35,793€37,268▲ 4.1%
Operating profit (loss)9901€4,559-€4,146€17,631€16,493▼ 6.5%
Financial income75/76B--€26€68▲ 158%
Recurring financial income75--€26€68▲ 158%
Financial charges65/66B€227€5,961€13,042€11,213▼ 14.0%
Recurring financial charges65€227€5,961€13,042€11,213▼ 14.0%
Profit (loss) for the period before taxes9903€4,332-€10,106€4,615€5,347▲ 15.9%
Income taxes67/77€1,185----
Profit (loss) for the period9904€3,147-€10,106€4,615€5,347▲ 15.9%
Profit (loss) for the period to be appropriated9905€3,147-€10,106€4,615€5,347▲ 15.9%
Line2022202320242025Change
Assets
Total assets20/58€33,079€409,078€388,937€375,600▼ 3.4%
Fixed assets21/28-€385,545€370,151€368,007▼ 0.6%
Tangible fixed assets22/27-€385,545€370,151€368,007▼ 0.6%
Land and buildings22-€385,545€370,151€368,007▼ 0.6%
Current assets29/58€33,079€23,534€18,786€7,593▼ 59.6%
Amounts receivable within one year40/41€26,285€7,285€6,751€2,352▼ 65.2%
Trade receivables40€26,002----
Other amounts receivable41€283€7,285€6,751€2,352▼ 65.2%
Cash at bank and in hand54/58€6,711€10,667€9,335€655▼ 93.0%
Deferred charges and accrued income490/1€83€5,582€2,700€4,586▲ 69.9%
Equity and liabilities
Total equity and liabilities10/49€33,079€409,078€388,937€375,600▼ 3.4%
Equity10/15€6,147-€3,960€655€6,003▲ 816%
Contributions10/11€3,000€3,000€3,000€3,000=
Reserves13€3,147€3,147€3,147€3,147=
Distributable reserves133€3,147€3,147€3,147€3,147=
Profit (loss) carried forward14--€10,106-€5,491-€144▲ 97.4%
Amounts payable17/49€26,932€413,038€388,281€369,598▼ 4.8%
Amounts payable after more than one year17-€324,336€305,366€285,721▼ 6.4%
Financial debts170/4-€324,336€305,366€285,721▼ 6.4%
Amounts payable within one year42/48€26,932€88,702€80,657€81,549▲ 1.1%
Current portion of amounts payable after more than one year42-€18,286€18,970€19,646▲ 3.6%
Trade debts44€23,484€9,925€64€3,716▲ 5,724%
Suppliers440/4€23,484€9,925€64€3,716▲ 5,724%
Taxes, remuneration and social security45€3,448----
Taxes450/3€3,448----
Other amounts payable47/48-€60,492€61,624€58,187▼ 5.6%
Accrued charges and deferred income492/3--€2,257€2,328▲ 3.1%
Line2022202320242025Change
Profit (loss) for the period9904€3,147-€10,106€4,615€5,347▲ 15.9%
+ Depreciation and write-downs630-€5,145€15,394€15,674▲ 1.8%
Operating cash flow (approximation)€3,147-€4,961€20,009€21,021▲ 5.1%
Investment in fixed assets (approximation)--€0-€13,530-
Change in cash-€3,956-€1,332-€8,680▼ 552%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
29-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial Highest result since 2022net €5,347 ▲15.9%
Net result €5,347, the highest in the series.
08-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Back to profitnet €4,615
Net result €4,615 after one loss-making year.
30-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Weakest financial yearnet -€10,106
Net result drops to -€10,106, the lowest in the series; recovery starts the following year.
2022
20-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Hasselt · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
559 m²
Building footprint
201 m²
Volume, LiDAR
1,505 m³
Parcel 71322A0492/00C005, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Y-projects BV
Banneuxstraat 17, 3500 HasseltRenting and operating of own or leased residential real estate, excluding social housing
since 20212.316.193.714
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71322A0492/00C005 Flanders 559 m² 1 · 201 m² 13.1 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded25-03-2021
Fiscal year end30-06
Contact
E-mail bouwmansbjorn@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765665243
Also 9925:BE0765665243
Registered 08-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.