Y West
ActiveThe computed 12-month bankruptcy probability of Y West is 1.8% (moderate). The 2025 annual accounts show equity of €473k and a net result of €518k. Equity is shrinking by ~22.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 27446 sector peers (fiscal year 2025). 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
Profitability100=
Solvency6▼-27
Growth78▲+46
Stability94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity short (current ratio 0.4 against 0.02 in 2024), and 91% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9%
Return on assets
9.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27446 sector peers (2025).
NBB · sector comparisonPosition among 27446 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
20 d late
2024
13 d late
2023
18 d early
2022
31 d late
2021
9 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€473k
2024 · €-45k
2021: €20k
2022: €12k
2023: €9k
2024: €-45k
2021 → 2025
Total assets
€5.24M▲ 3.6%
2024 · €5.06M
2021: €152k
2022: €177k
2023: €124k
2024: €5.06M
2021 → 2025
Net result
€518k
2024 · €-53k
2021: €18k
2022: €-8k
2023: €-4k
2024: €-53k
2021 → 2025
Working capital
€-358k▲ 85.9%
2024 · €-2.55M
2021: €428
2022: €-4k
2023: €-18k
2024: €-2.55M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€12k▼ 38.5%€9k▼ 28.5%€-45k€473k
Operating result€20k-€-6k€2k€-45k€136k
Net result€18k-€-8k€-4k▲ 54.5%€-53k▼ 1,423%€518k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €136k after a loss of €45k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.24M
Fixed assets
€5.00M=
Current assets
€242k▲ 293%
Equity and liabilities €5.24M
Equity
€473k
Debt
€4.77M
Debt finances 91.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€136k▲
2024 · €-43k
Cash flow
€518k▲
2024 · €-52k
Solvency
9.0%▲
2024 · -0.9%
Current ratio
0.40▲
2024 · 0.02
Quick ratio
0.40▲
2024 · 0.02
Debt / equity
10.08
ROE
109.4%▼
2024 · 119.8%
ROA
9.9%▲
2024 · -1.1%
Interest coverage
1.26▲
2024 · -4.83
Debt
€4.77M▼
2024 · €5.11M
Debt ≤ 1 year
€601k▼
2024 · €2.61M
Debt > 1 year
€4.13M▲
2024 · €2.50M
Income taxes
€10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.06M€5.24M▲
Fixed assets21/28€5.00M€5.00M=
Tangible fixed assets22/27-€909
Furniture and vehicles24-€909
Financial fixed assets28€5.00M€5.00M=
Current assets29/58€62k€242k▲
Amounts receivable within one year40/41€37k€137k▲
Trade receivables40€25k€1▼
Other amounts receivable41€12k€137k▲
Cash at bank and in hand54/58€17k€100k▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€5.06M€5.24M▲
Equity10/15€-45k€473k▲
Contributions10/11€3k€3k=
Reserves13€6k€106k▲
Non-distributable reserves130/1-€100k
Reserves not available under the articles1311-€100k
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-53k€365k▲
Amounts payable17/49€5.11M€4.77M▼
Amounts payable after more than one year17€2.50M€4.13M▲
Financial debts170/4€2.50M€4.13M▲
Amounts payable within one year42/48€2.61M€601k▼
Current portion of amounts payable after more than one year42€213k€238k▲
Financial debts43€2.35M-
Credit institutions430/8€2.35M-
Trade debts44€18k€24k▲
Suppliers440/4€18k€24k▲
Advances received on contracts in progress46-€30k
Taxes, remuneration and social security45€209€14k▲
Taxes450/3€209€14k▲
Other amounts payable47/48€26k€294k▲
Accrued charges and deferred income492/3-€40k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€201▼
Other operating charges640/8€2k€264▼
Gross operating margin9900€-41k€137k▲
Operating profit (loss)9901€-45k€136k▲
Financial income75/76B-€500k
Recurring financial income75-€500k
Financial charges65/66B€9k€108k▲
Recurring financial charges65€9k€108k▲
Profit (loss) for the period before taxes9903€-53k€528k▲
Income taxes67/77-€10k
Profit (loss) for the period9904€-53k€518k▲
Profit (loss) for the period to be appropriated9905€-53k€518k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€465k▲
Profit (loss) brought forward from the previous period14P-€-53k
Transfer to equity691/2-€100k
To other reserves6921-€100k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Back to profitnet €518k
Net result €518k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €473k
Equity rises from €-45k to €473k.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brandweerstraat 199000 GentGround area
1.1 ha
Building footprint
1,481 m²
Volume, LiDAR
24,099 m³
Parcel 44021A3679/00A000, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Y WEST
since 20212.312.954.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3679/00A000 | Flanders | 1.1 ha | 1 · 1,481 m² | 21.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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Rossion Christophe
BE 0738.418.834
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MB PATRIMOINE
BE 0469.624.213
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Thijssen & Zoon
BE 0888.083.104
Kapellen · Eq €471k
MAES J. & ZOON
BE 0429.209.954
Edegem · Eq €470k
Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 2,355 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.