YA Dev
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-03-2026 PDF all 5 filings
Equity
€71,416▼ 43.3%
2024 · €125,943
Total assets
€102,115▼ 38.0%
2024 · €164,799
Net result
-€54,527
2024 · €34,566
Working capital
€49,349▼ 48.5%
2024 · €95,876
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€54,041
2025
20212025
Net result
-€54,527
2025
lowest quarter of the sector
20212025
Equity
€71,416
▼ 43.3%
2025
middle half of the sector
20212025
Total assets
€102,115
▼ 38.0%
2025
middle half of the sector
20212025
Debt
€30,699
▼ 21.0%
2025
20212025
Working capital
€49,349
▼ 48.5%
2025
middle half of the sector
20212025
Solvency
69.9%
▼ 6.5pp
2025
middle half of the sector
20212025
Current ratio
2.61
▼ 0.86
2025
middle half of the sector
20212025
Return on assets (ROA)
-53.4%
▼ 74.4pp
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,826-€55,664▼ 3.7%€54,808▼ 1.5%€47,774▼ 12.8%-€54,041
Net result€42,094within the sector's middle half-€40,076within the sector's middle half▼ 4.8%€36,773within the sector's middle half▼ 8.2%€34,566within the sector's middle half▼ 6.0%-€54,527below the sector's middle half
Equity€49,094within the sector's middle half-€89,170within the sector's middle half▲ 81.6%€125,943within the sector's middle half▲ 41.2%€125,943within the sector's middle half=€71,416within the sector's middle half▼ 43.3%
Total assets€80,598within the sector's middle half-€104,349within the sector's middle half▲ 29.5%€141,587within the sector's middle half▲ 35.7%€164,799within the sector's middle half▲ 16.4%€102,115within the sector's middle half▼ 38.0%
Debt€31,503-€15,179▼ 51.8%€15,643▲ 3.1%€38,855▲ 148%€30,699▼ 21.0%
Working capital€47,401within the sector's middle half-€87,440within the sector's middle half▲ 84.5%€122,807above the sector's middle half▲ 40.4%€95,876within the sector's middle half▼ 21.9%€49,349within the sector's middle half▼ 48.5%
Solvency60.9%within the sector's middle half-85.5%above the sector's middle half▲ 24.5pp89.0%above the sector's middle half▲ 3.5pp76.4%within the sector's middle half▼ 12.5pp69.9%within the sector's middle half▼ 6.5pp
Current ratio2.50within the sector's middle half-6.76above the sector's middle half▲ 4.268.85above the sector's middle half▲ 2.093.47within the sector's middle half▼ 5.382.61within the sector's middle half▼ 0.86
Return on assets (ROA)52.2%above the sector's middle half-38.4%above the sector's middle half▼ 13.8pp26.0%within the sector's middle half▼ 12.4pp21.0%within the sector's middle half▼ 5.0pp-53.4%below the sector's middle half▼ 74.4pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €54,041, after a profit of €47,774 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,115
Fixed assets
€22,067 ▼ 26.6%
Current assets
€80,048 ▼ 40.6%
Equity and liabilities €102,115
Equity
€71,416 ▼ 43.3%
Debt
€30,699 ▼ 21.0%
Debt's share of the balance-sheet total rises from 23.6% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€45,711▼
2024 · €54,180
Cash flow
-€46,197▼
2024 · €40,973
Debt to equity
0.43▲
2024 · 0.31
ROE
-76.4%▼
2024 · 27.4%
Interest coverage
-122.24▼
2024 · 84.98
Debt ≤ 1 year
€30,699▼
2024 · €38,855
Income taxes
€228▼
2024 · €12,791
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,359 | €826 | €2,952 | €33,338 | €330 |
| Depreciation and write-downs of the year | €666 | €789 | €1,546 | €6,406 | €8,330 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €666 | €789 | €1,546 | €6,406 | €8,330 | ▲ 30.0% |
| Other operating charges640/8 | €348 | €348 | €604 | €1,290 | €400 | ▼ 69.0% |
| Gross operating margin9900 | €58,839 | €56,800 | €56,958 | €55,471 | -€45,312 | - |
| Operating profit (loss)9901 | €57,826 | €55,664 | €54,808 | €47,774 | -€54,041 | - |
| Financial income75/76B | €6 | €3 | €1 | €221 | €116 | ▼ 47.5% |
| Recurring financial income75 | €6 | €3 | €1 | €221 | €116 | ▼ 47.5% |
| Financial charges65/66B | €5 | €490 | €659 | €638 | €374 | ▼ 41.3% |
| Recurring financial charges65 | €5 | €490 | €659 | €638 | €374 | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | €57,826 | €55,177 | €54,150 | €47,357 | -€54,299 | - |
| Income taxes67/77 | €15,732 | €15,101 | €17,377 | €12,791 | €228 | ▼ 98.2% |
| Profit (loss) for the period9904 | €42,094 | €40,076 | €36,773 | €34,566 | -€54,527 | - |
| Profit (loss) for the period to be appropriated9905 | €42,094 | €40,076 | €36,773 | €34,566 | -€54,527 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,598 | €104,349 | €141,587 | €164,799 | €102,115 | ▼ 38.0% |
| Fixed assets21/28 | €1,693 | €1,730 | €3,136 | €30,068 | €22,067 | ▼ 26.6% |
| Tangible fixed assets22/27 | €1,693 | €1,730 | €3,136 | €30,068 | €22,067 | ▼ 26.6% |
| Furniture and vehicles24 | €1,693 | €1,730 | €3,136 | €30,068 | €22,067 | ▼ 26.6% |
| Current assets29/58 | €78,904 | €102,619 | €138,450 | €134,731 | €80,048 | ▼ 40.6% |
| Amounts receivable within one year40/41 | €23,293 | €23,313 | €22,145 | €25,691 | €1,741 | ▼ 93.2% |
| Trade receivables40 | €23,293 | €20,564 | €21,864 | - | - | - |
| Other amounts receivable41 | - | €2,749 | €282 | €25,691 | €1,741 | ▼ 93.2% |
| Cash at bank and in hand54/58 | €55,612 | €79,306 | €116,305 | €108,820 | €78,272 | ▼ 28.1% |
| Deferred charges and accrued income490/1 | - | - | - | €220 | €35 | ▼ 84.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,598 | €104,349 | €141,587 | €164,799 | €102,115 | ▼ 38.0% |
| Equity10/15 | €49,094 | €89,170 | €125,943 | €125,943 | €71,416 | ▼ 43.3% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €42,094 | €82,170 | €118,943 | €118,943 | €118,943 | = |
| Distributable reserves133 | €42,094 | €82,170 | €118,943 | €118,943 | €118,943 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€54,527 | - |
| Amounts payable17/49 | €31,503 | €15,179 | €15,643 | €38,855 | €30,699 | ▼ 21.0% |
| Amounts payable within one year42/48 | €31,503 | €15,179 | €15,643 | €38,855 | €30,699 | ▼ 21.0% |
| Trade debts44 | €507 | €1,474 | €1,970 | €365 | €565 | ▲ 55.0% |
| Suppliers440/4 | €507 | €1,474 | €1,970 | €365 | €565 | ▲ 55.0% |
| Taxes, remuneration and social security45 | €22,237 | €5,550 | €8,369 | €4,046 | €207 | ▼ 94.9% |
| Taxes450/3 | €22,237 | €5,550 | €8,369 | €4,046 | €207 | ▼ 94.9% |
| Other amounts payable47/48 | €8,760 | €8,155 | €5,305 | €34,445 | €29,927 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,094 | €40,076 | €36,773 | €34,566 | -€54,527 | - |
| + Depreciation and write-downs630 | €666 | €789 | €1,546 | €6,406 | €8,330 | ▲ 30.0% |
| Operating cash flow (approximation) | €42,760 | €40,865 | €38,319 | €40,973 | -€46,197 | - |
| Investment in fixed assets (approximation) | - | -€826 | -€2,952 | -€33,338 | -€330 | ▲ 99.0% |
| Change in cash | - | €23,694 | €36,999 | -€7,485 | -€30,548 | ▼ 308% |
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, 3,591 companies had the same profile as YA Dev has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YA Dev itself is lower: < 0.1% within 12 months. It rests on far more data about YA Dev 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 3,591 companies, not a prediction for YA Dev. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-03-2026 | 2026-00050786 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00422614 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00382168 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00249776 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20271560 |