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YA NASIP

Active
Private limited companyfounded 2011active for 15 yearsRue Saint-Séverin 51, 4000 Liège, BelgiumKBO/BCE: BE 0832.656.512
Summary

YA NASIP has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,177 and a net result of €16,894. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 83% of 1,853 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
€181,648
EBIT margin
4.1%
Net result
€16,894▼ 17.9%
2024 · €20,565
Working capital
€89,429▲ 31.4%
2024 · €68,041
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result has fallen two years in a row; 2025 is 10% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€27,180 2025 Net result€16,894 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920212022202320242025
Turnover€181,648-
Operating result€263--€1,559€7,512-€17,529▲ 133%€42,085▲ 140%€30,252▼ 28.1%€27,180▼ 10.2%
Net result€588--€2,629€6,293within the sector's middle half-€12,950within the sector's middle half▲ 106%€30,965above the sector's middle half▲ 139%€20,565within the sector's middle half▼ 33.6%€16,894within the sector's middle half▼ 17.9%
EBIT margin4.1%-
Equity€23,695-€21,066▼ 11.1%€19,802within the sector's middle half-€32,752within the sector's middle half▲ 65.4%€63,717within the sector's middle half▲ 94.5%€84,283within the sector's middle half▲ 32.3%€101,177within the sector's middle half▲ 20.0%
Total assets€60,467-€47,550▼ 21.4%€44,835below the sector's middle half-€64,331below the sector's middle half▲ 43.5%€99,522within the sector's middle half▲ 54.7%€136,718within the sector's middle half▲ 37.4%€145,752within the sector's middle half▲ 6.6%
Debt€36,773-€26,484▼ 28.0%€25,032-€31,579▲ 26.2%€35,805▲ 13.4%€52,436▲ 46.4%€44,575▼ 15.0%
Working capital€24,727-€21,453▼ 13.2%€18,816within the sector's middle half-€24,257within the sector's middle half▲ 28.9%€49,351within the sector's middle half▲ 103%€68,041above the sector's middle half▲ 37.9%€89,429above the sector's middle half▲ 31.4%
Solvency39.2%-44.3%▲ 5.1pp44.2%within the sector's middle half-50.9%within the sector's middle half▲ 6.7pp64.0%above the sector's middle half▲ 13.1pp61.6%above the sector's middle half▼ 2.4pp69.4%above the sector's middle half▲ 7.8pp
Current ratio2.11-2.34▲ 0.231.83within the sector's middle half-1.77within the sector's middle half▼ 0.062.38above the sector's middle half▲ 0.612.81above the sector's middle half▲ 0.433.59above the sector's middle half▲ 0.78
Return on assets (ROA)1.0%--5.5%▼ 6.5pp14.0%above the sector's middle half-20.1%above the sector's middle half▲ 6.1pp31.1%above the sector's middle half▲ 11.0pp15.0%above the sector's middle half▼ 16.1pp11.6%within the sector's middle half▼ 3.5pp
Staff (FTE)1.9-1.9=
above within below the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145,752
Fixed assets €21,817 ▼ 29.9%
Current assets €123,935 ▲ 17.4%
Equity and liabilities €145,752
Equity €101,177 ▲ 20.0%
Debt €44,575 ▼ 15.0%
Debt's share of the balance-sheet total falls from 38.4% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€36,498▼
2024 · €40,182
Cash flow
€26,212▼
2024 · €30,495
Quick ratio
3.57▲
2024 · 2.79
Debt to equity
0.44▼
2024 · 0.62
ROE
16.7%▼
2024 · 24.4%
Interest coverage
17.46▼
2024 · 19.53
Debt ≤ 1 year
€34,506▼
2024 · €37,542
Debt > 1 year
€10,070▼
2024 · €14,894
Income taxes
€8,196▲
2024 · €7,703
Staff costs
€62,104▼
2024 · €75,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€136,718€145,752▲
Fixed assets21/28€31,135€21,817▼
Tangible fixed assets22/27€31,135€21,817▼
Plant, machinery and equipment23€13,189€8,650▼
Furniture and vehicles24€17,946€13,167▼
Current assets29/58€105,583€123,935▲
Stocks and contracts in progress3€681€681=
Stocks30/36€681€681=
Amounts receivable within one year40/41€52,158€60,248▲
Trade receivables40€49,022€53,360▲
Other amounts receivable41€3,136€6,888▲
Cash at bank and in hand54/58€52,052€60,888▲
Deferred charges and accrued income490/1€693€2,118▲
Equity and liabilities
Total equity and liabilities10/49€136,718€145,752▲
Equity10/15€84,283€101,177▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€16,860▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133-€15,000
Profit (loss) carried forward14€76,223€78,117▲
Amounts payable17/49€52,436€44,575▼
Amounts payable after more than one year17€14,894€10,070▼
Financial debts170/4€14,894€10,070▼
Amounts payable within one year42/48€37,542€34,506▼
Current portion of amounts payable after more than one year42€4,551€4,824▲
Trade debts44€2,122-
Suppliers440/4€2,122-
Taxes, remuneration and social security45€30,869€29,682▼
Taxes450/3€23,462€20,127▼
Remuneration and social security454/9€7,407€9,555▲
Income statement Code20242025
Remuneration, social security and pensions62€75,273€62,104▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,930€9,318▼
Other operating charges640/8€6,386€3,453▼
Gross operating margin9900€121,840€102,055▼
Operating profit (loss)9901€30,252€27,180▼
Financial income75/76B€74-
Recurring financial income75€74-
Financial charges65/66B€2,057€2,090▲
Recurring financial charges65€2,057€2,090▲
Profit (loss) for the period before taxes9903€28,269€25,090▼
Income taxes67/77€7,703€8,196▲
Profit (loss) for the period9904€20,565€16,894▼
Profit (loss) for the period to be appropriated9905€20,565€16,894▼
Appropriation of the result
Profit (loss) to be appropriated9906€76,223€93,117▲
Profit (loss) brought forward from the previous period14P€55,657€76,223▲
Transfer to equity691/2-€15,000
To other reserves6921-€15,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920212022202320242025Change
Turnover70--€181,648-----
Goods, raw materials, services and sundry goods60/61--€127,712-----
Remuneration, social security and pensions62--€41,168€68,525€74,749€75,273€62,104▼ 17.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,557€3,382€3,382€5,280€3,779€9,930€9,318▼ 6.2%
Other operating charges640/8--€1,874€2,954€1,258€6,386€3,453▼ 45.9%
Gross operating margin9900€30,777€29,904€53,937€94,289€121,871€121,840€102,055▼ 16.2%
Operating profit (loss)9901€263-€1,559€7,512€17,529€42,085€30,252€27,180▼ 10.2%
Financial income75/76B--€0€60€1,188€74--
Recurring financial income75€0-€0€60€1,188€74--
Financial charges65/66B--€1,220€1,324€1,036€2,057€2,090▲ 1.6%
Recurring financial charges65€350€895€1,220€1,324€1,036€2,057€2,090▲ 1.6%
Profit (loss) for the period before taxes9903-€87-€2,454€6,293€16,265€42,237€28,269€25,090▼ 11.2%
Income taxes67/77-€676€174-€3,315€11,272€7,703€8,196▲ 6.4%
Profit (loss) for the period9904€588-€2,629€6,293€12,950€30,965€20,565€16,894▼ 17.9%
Profit (loss) for the period to be appropriated9905€588-€2,629€6,293€12,950€30,965€20,565€16,894▼ 17.9%
Line2018201920212022202320242025Change
Assets
Total assets20/58€60,467€47,550€44,835€64,331€99,522€136,718€145,752▲ 6.6%
Fixed assets21/28€13,528€10,146€3,382€8,495€14,366€31,135€21,817▼ 29.9%
Tangible fixed assets22/27€13,528€10,146€3,382€8,495€14,366€31,135€21,817▼ 29.9%
Plant, machinery and equipment23--€0€8,495€12,786€13,189€8,650▼ 34.4%
Furniture and vehicles24--€3,382-€1,581€17,946€13,167▼ 26.6%
Current assets29/58€46,939€37,404€41,453€55,836€85,156€105,583€123,935▲ 17.4%
Amounts receivable after more than one year29--€34,637-----
Other amounts receivable291--€34,637-----
Stocks and contracts in progress3€3,074€497€2,723€4,496€2,171€681€681=
Stocks30/36--€2,723€4,496€2,171€681€681=
Amounts receivable within one year40/41€41,280-€1,179€47,697€46,714€52,158€60,248▲ 15.5%
Trade receivables40--€0€47,540€46,696€49,022€53,360▲ 8.8%
Other amounts receivable41--€1,179€157€17€3,136€6,888▲ 120%
Cash at bank and in hand54/58€2,567€2,227€2,631€3,040€35,714€52,052€60,888▲ 17.0%
Deferred charges and accrued income490/1--€283€604€557€693€2,118▲ 206%
Equity and liabilities
Total equity and liabilities10/49€60,467€47,550€44,835€64,331€99,522€136,718€145,752▲ 6.6%
Equity10/15€23,695€21,066€19,802€32,752€63,717€84,283€101,177▲ 20.0%
Contributions10/11€6,200€6,200€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€16,860▲ 806%
Non-distributable reserves130/1--€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133------€15,000-
Profit (loss) carried forward14€15,635€13,006€11,742€24,692€55,657€76,223€78,117▲ 2.5%
Amounts payable17/49€36,773€26,484€25,032€31,579€35,805€52,436€44,575▼ 15.0%
Amounts payable after more than one year17€14,560€10,515€2,150--€14,894€10,070▼ 32.4%
Financial debts170/4--€2,150--€14,894€10,070▼ 32.4%
Amounts payable within one year42/48€22,212€15,951€22,637€31,579€35,805€37,542€34,506▼ 8.1%
Current portion of amounts payable after more than one year42--€4,229€2,150-€4,551€4,824▲ 6.0%
Trade debts44€6,481€1,680€3,623€15,929€11,401€2,122--
Suppliers440/4--€3,623€15,929€11,401€2,122--
Taxes, remuneration and social security45--€14,785€11,770€24,280€30,869€29,682▼ 3.8%
Taxes450/3--€3,213€3,618€13,728€23,462€20,127▼ 14.2%
Remuneration and social security454/9--€11,571€8,153€10,552€7,407€9,555▲ 29.0%
Other amounts payable47/48--€0€1,730€124---
Accrued charges and deferred income492/3--€245-----
Line2018201920212022202320242025Change
Profit (loss) for the period9904€588-€2,629€6,293€12,950€30,965€20,565€16,894▼ 17.9%
+ Depreciation and write-downs630€3,557€3,382€3,382€5,280€3,779€9,930€9,318▼ 6.2%
Operating cash flow (approximation)€4,145€753€9,675€18,230€34,744€30,495€26,212▼ 14.0%
Investment in fixed assets (approximation)-€0--€10,393-€9,650-€26,698€0-
Change in cash--€340-€409€32,674€16,337€8,837▼ 45.9%

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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Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 25-07-2026 2026-00332423
31-12-2024 micro format 28-08-2025 2025-00423479
31-12-2023 micro format 29-08-2024 2024-00399571
31-12-2022 micro format 05-05-2025 2025-00087697
31-12-2021 micro format 20-12-2022 2022-20544406
31-12-2019 micro format 28-08-2020 2020-48500345
31-12-2018 micro format 30-08-2019 2019-62200579
31-12-2017 micro format 30-08-2018 2018-60300529
31-12-2016 micro format 21-09-2017 2017-61800600
31-12-2015 full format 31-08-2016 2016-56700319

Show all 13 filings

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Of the 4,170 active companies whose main activity is artisanal bread and fresh pastry making (NACE 10712), figures are known for 1,883. 1,605 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.