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YAELMO

Active
Public limited companyfounded 2001active for 24 yearsMortselsesteenweg 101, 2540 Hove, BelgiumKBO/BCE: BE 0476.241.195

Financials · financial year 2024, abbreviated format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Annual accounts 2024 filed on 14-07-2025 PDF all 29 filings

Equity
€46.0m▲ 22.2%
2023 · €37.7m
Net result
€8.4m▲ 11×
2023 · €749,764
Total assets
€51.6m▲ 14.3%
2023 · €45.2m
Solvency
89.2%▲ 5.8pp
2023 · 83.4%
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result for 2024 is a loss of €761,672, after a profit of €1.3m in 2023. It is the lowest result since 2020.

Operating result-€0.8m 2024 Net result€8.4m 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€0.3m--€0.07m€0.07m€0.1m▲ 108%€0.09m▼ 35.9%€1.3m▲ 14×-€0.8m
Net result€0.1m--€2.2m€0.5mabove the sector's middle half€0.08mwithin the sector's middle half▼ 83.5%€14.2mabove the sector's middle half▲ 167×€0.7mabove the sector's middle half▼ 94.7%€8.4mabove the sector's middle half▲ 11×
Equity€29.2m-€27.1m▼ 7.4%€27.6mabove the sector's middle half▲ 1.9%€27.7mabove the sector's middle half▲ 0.3%€36.9mabove the sector's middle half▲ 33.4%€37.7mabove the sector's middle half▲ 2.0%€46.0mabove the sector's middle half▲ 22.2%
Total assets€30.9m-€27.5m▼ 11.1%€28.4mabove the sector's middle half▲ 3.2%€29.4mabove the sector's middle half▲ 3.5%€45.0mabove the sector's middle half▲ 53.3%€45.2mabove the sector's middle half▲ 0.3%€51.6mabove the sector's middle half▲ 14.3%
Debt€1.7m-€0.4m▼ 76.6%€0.8m▲ 95.0%€1.7m▲ 121%€8.1m▲ 382%€7.5m▼ 7.5%€5.6m▼ 25.5%
Working capital-€0.6m-€1.6m€0.7mabove the sector's middle half▼ 58.8%€0.8mabove the sector's middle half▲ 24.9%-€2.6mbelow the sector's middle half-€0.7mbelow the sector's middle half▲ 74.9%€0.3mwithin the sector's middle half
Solvency94.6%-98.6%▲ 4.0pp97.3%above the sector's middle half▼ 1.3pp94.3%above the sector's middle half▼ 3.0pp82.0%above the sector's middle half▼ 12.3pp83.4%above the sector's middle half▲ 1.4pp89.2%above the sector's middle half▲ 5.8pp
Current ratio0.63-5.20▲ 4.571.88within the sector's middle half▼ 3.322.74within the sector's middle half▲ 0.860.47within the sector's middle half▼ 2.270.81within the sector's middle half▲ 0.351.14within the sector's middle half▲ 0.32
Return on assets (ROA)0.4%--7.9%▼ 8.3pp1.8%within the sector's middle half▲ 9.7pp0.3%below the sector's middle half▼ 1.5pp31.6%above the sector's middle half▲ 31.3pp1.7%within the sector's middle half▼ 29.9pp16.2%above the sector's middle half▲ 14.5pp
Staff (FTE)1within the sector's middle half
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2023 Net result -95% on 2022. Merger absorbing Moyale NV, effective 09-03-2022, in the previous financial year. That operation now counts for a full year for the first time.
  • 2022 Net result +16,642%, Total assets +53% on 2021. Merger absorbing Moyale NV, effective 09-03-2022.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51.6m
Fixed assets €48.9m ▲ 15.7%
Current assets €2.7m ▼ 6.6%
Equity and liabilities €51.6m
Equity €46.0m ▲ 22.2%
Debt €5.6m ▼ 25.5%
Debt's share of the balance-sheet total falls from 16.6% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
ROE
18.2%▲
2023 · 2.0%
Debt ≤ 1 year
€2.4m▼
2023 · €3.6m
Debt > 1 year
€3.2m▼
2023 · €3.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2022
Average over the year, in full-time equivalents1
Joined1
Left1

Source: social balance sheet in the 2022 annual accounts

Securities and guarantees

on own assets and for others
Item202220232024
Debts secured on the company's own assets€2.2m€3.2m€3.6m
Mortgages, amount registered€308,200€260,700€283,200
Carrying value of the mortgaged assets€6.3m€6.1m€7.4m

Source: notes to the 2022 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item202220232024
Tangible fixed assets€9.7m€2.2m€7.7m
Financial fixed assets€11.3m-€1.1m
Depreciation and write-downs of the year€537,467€328,189€735,641

Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as YAELMO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €27m and €96m, founded between 1997 and 2005.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
YAELMO Hove2001€51.6m€46.0m€0.06m€8.4m-2024
ALDENEIK Maaseik1997€46.5m€46.1m€0.08m€1.1m0.22025
PHARMASOVA Anderlecht2003€38.9m€27.9m€0.08m€1.9m-2025
ACG Car Merelbeke-Melle2005€33.0m€12.2m€0.06m€4.7m-2025
Heeren Properties Turnhout2001€95.8m€68.3m€0.09m-€1.3m8.52025
FINEG Antwerpen2000€72.5m€68.8m€0.03m€4.7m1.92025
ROSCAS Ledegem2001€27.2m€24.8m€0.06m€2.8m-2025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines

Source: Annual accounts 2024 (PDF), filed on 14-07-2025.

Balance sheet Code20232024
Assets
Total assets20/58€45.2m€51.6m▲
Fixed assets21/28€42.3m€48.9m▲
Tangible fixed assets22/27€6.4m€13.0m▲
Land and buildings22€6.1m€12.7m▲
Furniture and vehicles24€0.3m€0.3m▼
Financial fixed assets28€35.9m€35.9m▲
Current assets29/58€2.9m€2.7m▼
Amounts receivable within one year40/41€0.6m€0.3m▼
Trade receivables40€0.3m€0.1m▼
Other amounts receivable41€0.3m€0.2m▼
Current investments50/53€2.3m€2.3m▲
Cash at bank and in hand54/58€0.05m€0.04m▼
Deferred charges and accrued income490/1€0.008m€0.008m▼
Equity and liabilities
Total equity and liabilities10/49€45.2m€51.6m▲
Equity10/15€37.7m€46.0m▲
Contributions10/11€2.5m€2.5m=
Capital10€2.5m€2.5m=
Issued capital100€2.5m€2.5m=
Reserves13€35.2m€43.5m▲
Non-distributable reserves130/1€1.3m€1.3m=
Legal reserve130€1.3m€1.3m=
Distributable reserves133€33.9m€42.3m▲
Profit (loss) carried forward14€0.001m€438▼
Amounts payable17/49€7.5m€5.6m▼
Amounts payable after more than one year17€3.9m€3.2m▼
Financial debts170/4€3.9m€3.2m▼
Amounts payable within one year42/48€3.6m€2.4m▼
Current portion of amounts payable after more than one year42€0.3m€0.4m▲
Trade debts44€0.3m€0.1m▼
Suppliers440/4€0.3m€0.1m▼
Taxes, remuneration and social security45€0.08m€0.05m▼
Taxes450/3€0.08m€0.05m▼
Other amounts payable47/48€2.9m€1.8m▼
Accrued charges and deferred income492/3€0.07m€0.02m▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.7m▲
Other operating charges640/8€0.009m€0.09m▲
Gross operating margin9900€1.6m€0.06m▼
Operating profit (loss)9901€1.3m-€0.8m▼
Financial income75/76B€0.03m€10.0m▲
Recurring financial income75€0.03m€10.0m▲
Financial charges65/66B€0.3m€0.9m▲
Recurring financial charges65€0.3m€0.2m▼
Non-recurring financial charges66B-€0.6m
Profit (loss) for the period before taxes9903€1.0m€8.4m▲
Income taxes67/77€0.3m-
Profit (loss) for the period9904€0.7m€8.4m▲
Profit (loss) for the period to be appropriated9905€0.7m€8.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.8m€8.4m▲
Profit (loss) brought forward from the previous period14P€0.001m€0.001m▼
Transfer to equity691/2€0.8m€8.4m▲
To other reserves6921€0.8m€8.4m▲

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920202021202220232024Change
Non-recurring operating income76A----€0.06m---
Remuneration, social security and pensions62----€0.04m---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.02m€0.02m€0.02m€0.5m€0.3m€0.7m▲ 124%
Other operating charges640/8----€0.03m€0.009m€0.09m▲ 832%
Gross operating margin9900€0.3m-€0.05m€0.09m€0.2m€0.7m€1.6m€0.06m▼ 96.3%
Operating profit (loss)9901€0.3m-€0.07m€0.07m€0.1m€0.09m€1.3m-€0.8m-
Financial income75/76B----€14.3m€0.03m€10.0m▲ 362×
Recurring financial income75€0.03m€2.5m€0.03m€0.01m€14.3m€0.03m€10.0m▲ 362×
Financial charges65/66B----€0.2m€0.3m€0.9m▲ 192%
Recurring financial charges65€0.2m€0.07m€0.01m€0.03m€0.2m€0.3m€0.2m▼ 23.7%
Non-recurring financial charges66B------€0.6m-
Profit (loss) for the period before taxes9903€0.1m-€2.2m€0.5m€0.1m€14.2m€1.0m€8.4m▲ 723%
Income taxes67/77--€0.007m€0.05m€0.007m€0.3m--
Profit (loss) for the period9904€0.1m-€2.2m€0.5m€0.08m€14.2m€0.7m€8.4m▲ 11×
Profit (loss) for the period to be appropriated9905€0.1m-€2.2m€0.5m€0.08m€14.2m€0.7m€8.4m▲ 11×
Line2018201920202021202220232024Change
Assets
Total assets20/58€30.9m€27.5m€28.4m€29.4m€45.0m€45.2m€51.6m▲ 14.3%
Fixed assets21/28€29.9m€25.4m€26.9m€28.0m€42.7m€42.3m€48.9m▲ 15.7%
Tangible fixed assets22/27€0.1m€0.08m€0.04m€0.1m€6.6m€6.4m€13.0m▲ 103%
Land and buildings22----€6.3m€6.1m€12.7m▲ 109%
Plant, machinery and equipment23----€0.001m---
Furniture and vehicles24----€0.3m€0.3m€0.3m▼ 0.9%
Financial fixed assets28€29.8m€25.4m€26.9m€27.9m€36.1m€35.9m€35.9m▲ 0.1%
Current assets29/58€1.1m€2.0m€1.4m€1.3m€2.3m€2.9m€2.7m▼ 6.6%
Stocks and contracts in progress3----€0.1m---
Stocks30/36----€0.1m---
Amounts receivable within one year40/41€1.0m€2.0m€0.4m€0.7m€0.3m€0.6m€0.3m▼ 39.2%
Trade receivables40----€0.05m€0.3m€0.1m▼ 46.4%
Other amounts receivable41----€0.2m€0.3m€0.2m▼ 33.2%
Current investments50/53----€1.9m€2.3m€2.3m▲ 1.7%
Cash at bank and in hand54/58€0.02m€0.02m€0.02m€0.04m€0.04m€0.05m€0.04m▼ 23.1%
Deferred charges and accrued income490/1----€0.02m€0.008m€0.008m▼ 0.5%
Equity and liabilities
Total equity and liabilities10/49€30.9m€27.5m€28.4m€29.4m€45.0m€45.2m€51.6m▲ 14.3%
Equity10/15€29.2m€27.1m€27.6m€27.7m€36.9m€37.7m€46.0m▲ 22.2%
Contributions10/11€7.5m€7.5m€7.5m€7.5m€2.5m€2.5m€2.5m=
Capital10----€2.5m€2.5m€2.5m=
Issued capital100----€2.5m€2.5m€2.5m=
Reserves13€21.7m€19.6m€20.1m€20.2m€34.4m€35.2m€43.5m▲ 23.8%
Non-distributable reserves130/1----€1.3m€1.3m€1.3m=
Legal reserve130----€1.3m€1.3m€1.3m=
Distributable reserves133----€33.1m€33.9m€42.3m▲ 24.7%
Profit (loss) carried forward14€340€418€312€309€0.001m€0.001m€438▼ 13.9%
Amounts payable17/49€1.7m€0.4m€0.8m€1.7m€8.1m€7.5m€5.6m▼ 25.5%
Amounts payable after more than one year17---€1.2m€3.1m€3.9m€3.2m▼ 17.6%
Financial debts170/4----€3.1m€3.9m€3.2m▼ 17.6%
Amounts payable within one year42/48€1.7m€0.4m€0.8m€0.5m€5.0m€3.6m€2.4m▼ 33.1%
Current portion of amounts payable after more than one year42----€0.3m€0.3m€0.4m▲ 26.0%
Financial debts43----€0.07m---
Other loans439----€0.07m---
Trade debts44€0.002m€0.02m€0.001m€0.01m€0.05m€0.3m€0.1m▼ 56.1%
Suppliers440/4----€0.05m€0.3m€0.1m▼ 56.1%
Taxes, remuneration and social security45----€0.04m€0.08m€0.05m▼ 33.8%
Taxes450/3----€0.03m€0.08m€0.05m▼ 33.8%
Remuneration and social security454/9----€0.003m---
Other amounts payable47/48----€4.5m€2.9m€1.8m▼ 37.7%
Accrued charges and deferred income492/3----€0.05m€0.07m€0.02m▼ 74.5%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€0.1m-€2.2m€0.5m€0.08m€14.2m€0.7m€8.4m▲ 11×
+ Depreciation and write-downs630€0.03m€0.02m€0.02m€0.02m€0.5m€0.3m€0.7m▲ 124%
Operating cash flow (approximation)€0.2m-€2.1m€0.5m€0.1m€14.8m€1.1m€9.1m▲ 744%
Investment in fixed assets (approximation)-€4.4m-€1.5m-€1.1m-€15.2m€0.1m-€7.4m-
Change in cash--€0.008m€0.004m€0.02m€0.004m€0.009m-€0.01m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 abbreviated format 14-07-2025 2025-00263778 PDF
31-12-2023 abbreviated format 28-06-2024 2024-00176957 PDF
31-12-2022 abbreviated format 29-06-2023 2023-00172359 PDF
31-12-2021 abbreviated format 09-03-2022 2022-07200589 PDF
31-12-2020 abbreviated format 30-06-2021 2021-26800460 PDF
31-12-2019 abbreviated format 29-06-2020 2020-21500394 PDF
31-12-2018 abbreviated format 27-06-2019 2019-23000596 PDF
31-12-2017 abbreviated format 26-06-2018 2018-22200143 PDF
31-12-2016 abbreviated format 30-06-2017 2017-23600539 PDF
31-12-2015 abbreviated format 27-06-2016 2016-21700482 PDF

Show all 29 filings

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