Y-Projects
ActiveSummary
Y-Projects has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,003 and a net result of €5,347, of which €3,885 non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-03-2021 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.316.193.714 3500 Hasselt, since 25-03-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 08-04-2025
Board and ownership
- Bouwmans Björn JohannesDirector · since 25-03-2021
- Bouwmans Consulting Group50%30-06-2025 annual accounts of Bouwmans Consulting Group
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €37,268
- ▲ 4.1%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €5,347
- ▲ 15.9%
- Equity
- €6,003
- ▲ 816%
- Total assets
- €375,600
- ▼ 3.4%
Score breakdownraises riskLiquidity: current ratio 0.09, cash €655, halvedFounded in 2021lowers riskSize: total assets €375,600No main activity registeredShow the evidence
Checked score
About 7 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 17% of them on solvency, 25% on liquidity, 33% on profitability and 99% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 17 days before 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 29-01-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 6% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €390,690 | - | €13,530 |
| Depreciation and write-downs of the year | - | €5,145 | €15,394 | €15,674 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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 | ▲ 58× |
| Suppliers440/4 | €23,484 | €9,925 | €64 | €3,716 | ▲ 58× |
| 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% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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% |
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, 1,251 companies had the same profile as Y-Projects has now. Two years later, 94.4% were still going and 2.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Y-Projects itself: 0.7% within 12 months.
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 1,251 companies, not a prediction for Y-Projects. 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.
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €13,713 Profit of €2,721 in 2025 (profit of €13,845 in 2024)50%
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Bouwmans Björn Johannes |
|
| Vicky Vanherf |
|
Network & group
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of Y-Projects. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
13-07
Gazette deed
Registered office moved to HasseltNew registered office: Banneuxstraat 17, 3500 Hasselt · Resignation: Vicky Vanherf (director) · Permanent representative: Ann Van Baelen6 points ▸
- General meeting, 20-06-2023
- Director resignation, Vicky Vanherf
- Director discharge, Vicky Vanherf
- Permanent representative, Ann Van Baelen
- Board meeting, 20-06-2023
- Registered-office move, Banneuxstraat 17, 3500 Hasselt
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
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 |
|---|---|---|---|---|
| 71322A0492/00C005 | Flanders | 559 m² | 1 · 201 m² | 13.1 m · 2 |