YAELSTAR
ActiveSummary
YAELSTAR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75.3m and a net result of €40,968. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+45
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 30.26 against 28.86 in 2024; short-term debt: 3.2% and cash: 3% of total assets), and 3.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
96.8%
Return on assets
0.1%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-09-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
28 d early
2023
12 d early
2022
18 d early
2021
29 d late
2020
27 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 13 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.7m▼ 85.2%
2024 · €18.1m
EBIT margin
1.5%▲ 6.8pp
2024 · -5.3%
Net result
€40,968
2024 · -€832,475
Working capital
€73.7m▲ 0.6%
2024 · €73.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192022202320242025
Turnover€196.1m-€112.7m-€53.5m▼ 52.5%€18.1m▼ 66.1%€2.7m▼ 85.2%
Operating result€7.3m-€10.4m-€3.1m▼ 70.0%-€960,798€40,023
Net result€5.3m-€9.7mabove the sector's middle half-€2.7mabove the sector's middle half▼ 72.2%-€832,475below the sector's middle half€40,968within the sector's middle half
EBIT margin3.7%-9.2%-5.8%▼ 3.4pp-5.3%▼ 11.1pp1.5%▲ 6.8pp
Equity€53.2m-€73.4mabove the sector's middle half-€76.1mabove the sector's middle half▲ 3.7%€75.2mabove the sector's middle half▼ 1.1%€75.3mabove the sector's middle half▲ 0.1%
Total assets€78.4m-€79.5mabove the sector's middle half-€81.0mabove the sector's middle half▲ 2.0%€77.9mabove the sector's middle half▼ 3.9%€77.8mabove the sector's middle half▼ 0.1%
Debt€25.2m-€6.1m-€5.0m▼ 18.1%€2.6m▼ 47.3%€2.5m▼ 4.3%
Working capital€56.6m-€71.3mabove the sector's middle half-€74.1mabove the sector's middle half▲ 3.8%€73.3mabove the sector's middle half▼ 1.1%€73.7mabove the sector's middle half▲ 0.6%
Solvency67.8%-92.3%above the sector's middle half-93.8%above the sector's middle half▲ 1.5pp96.6%above the sector's middle half▲ 2.8pp96.8%above the sector's middle half▲ 0.1pp
Current ratio3.87-12.71above the sector's middle half-15.85above the sector's middle half▲ 3.1428.86above the sector's middle half▲ 13.0130.26above the sector's middle half▲ 1.40
Return on assets (ROA)6.8%-12.1%above the sector's middle half-3.3%within the sector's middle half▼ 8.8pp-1.1%below the sector's middle half▼ 4.4pp0.1%below the sector's middle half▲ 1.1pp
Staff (FTE)4.3-4within the sector's middle half-4within the sector's middle half=4within the sector's middle half=3.9within the sector's middle half▼ 2.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €40,023 after a loss of €960,798 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77.8m
Fixed assets
€1.6m ▼ 19.5%
Current assets
€76.2m ▲ 0.4%
Equity and liabilities €77.8m
Equity
€75.3m ▲ 0.1%
Debt
€2.5m ▼ 4.3%
Debt's share of the balance-sheet total falls from 3.4% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,252▲
2024 · -€855,573
Cash flow
€90,197▲
2024 · -€727,250
Quick ratio
27.67▲
2024 · 25.78
Debt to equity
0.03▼
2024 · 0.03
ROE
0.1%▲
2024 · -1.1%
Interest coverage
6.58▲
2024 · -12769.75
Debt ≤ 1 year
€2.5m▼
2024 · €2.6m
Income taxes
€12,187▼
2024 · €93,562
Staff costs
€248,455▼
2024 · €255,688
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 17,040 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
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €196.3m | €112.8m | €53.7m | €18.2m | €2.8m | ▼ 84.8% |
| Turnover70 | €196.1m | €112.7m | €53.5m | €18.1m | €2.7m | ▼ 85.2% |
| Other operating income74 | €111,712 | €97,144 | €77,834 | €46,004 | €36,226 | ▼ 21.3% |
| Non-recurring operating income76A | €54,608 | €29,098 | €191,779 | €10,342 | €56,291 | ▲ 444% |
| Operating charges60/66A | €189.0m | €102.4m | €50.6m | €19.1m | €2.7m | ▼ 85.7% |
| Goods for resale, raw materials and consumables60 | €187.5m | €101.5m | €49.7m | €18.3m | €2.0m | ▼ 89.2% |
| Change in stocks: decrease (increase)609 | €10.4m | €5.9m | €4.4m | €1.7m | €1.6m | ▼ 6.5% |
| Services and other goods61 | €1.1m | €602,989 | €558,901 | €411,586 | €367,328 | ▼ 10.8% |
| Remuneration, social security and pensions62 | €232,328 | €238,097 | €226,063 | €255,688 | €248,455 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111,753 | €96,209 | €90,649 | €105,225 | €49,229 | ▼ 53.2% |
| Other operating charges640/8 | €30,906 | €19,066 | €32,844 | €16,327 | €14,492 | ▼ 11.2% |
| Non-recurring operating charges66A | - | - | - | - | €67,270 | - |
| Operating profit (loss)9901 | €7.3m | €10.4m | €3.1m | -€960,798 | €40,023 | ▲ 104% |
| Recurring financial income75 | €226,462 | €16,855 | €28,990 | €235,120 | €26,686 | ▼ 88.7% |
| Income from current assets751 | €33,877 | - | - | - | - | - |
| Other financial income752/9 | €192,585 | €16,855 | €28,990 | €235,120 | €26,686 | ▼ 88.7% |
| Financial charges65/66B | €1.8m | €483,460 | €382,306 | €13,235 | €13,554 | ▲ 2.4% |
| Recurring financial charges65 | €1.8m | €483,460 | €382,306 | €13,235 | €13,554 | ▲ 2.4% |
| Debt charges650 | €1.7m | €281,330 | €109,784 | €67 | - | - |
| Other financial charges652/9 | €106,127 | €202,130 | €272,522 | €13,168 | €13,554 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €5.7m | €9.9m | €2.8m | -€738,913 | €53,155 | ▲ 107% |
| Income taxes67/77 | €341,729 | €261,852 | €77,765 | €93,562 | €12,187 | ▼ 87.0% |
| Taxes670/3 | €342,130 | €261,852 | €77,765 | €93,662 | €12,189 | ▼ 87.0% |
| Tax adjustments and reversals of tax provisions77 | €401 | - | - | €100 | €2 | ▼ 98.0% |
| Profit (loss) for the period9904 | €5.3m | €9.7m | €2.7m | -€832,475 | €40,968 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €5.3m | €9.7m | €2.7m | -€832,475 | €40,968 | ▲ 105% |
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78.4m | €79.5m | €81.0m | €77.9m | €77.8m | ▼ 0.1% |
| Fixed assets21/28 | €2.1m | €2.0m | €2.0m | €1.9m | €1.6m | ▼ 19.5% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €2.0m | €1.9m | €1.5m | ▼ 19.5% |
| Land and buildings22 | €1.9m | €1.8m | €1.8m | €1.7m | €1.4m | ▼ 19.5% |
| Plant, machinery and equipment23 | €27,606 | €29,626 | €21,200 | €14,768 | €14,282 | ▼ 3.3% |
| Furniture and vehicles24 | €104,948 | €184,529 | €179,849 | €180,368 | €142,778 | ▼ 20.8% |
| Financial fixed assets28 | €9,544 | €8,472 | €8,473 | €8,473 | €6,990 | ▼ 17.5% |
| Companies linked by participating interests282/3 | - | €4,803 | €4,803 | €4,803 | €4,803 | = |
| Participating interests282 | - | €4,803 | €4,803 | €4,803 | €4,803 | = |
| Other financial fixed assets284/8 | €9,544 | €3,669 | €3,670 | €3,670 | €2,187 | ▼ 40.4% |
| Shares284 | €5,874 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €3,670 | €3,670 | €3,670 | €3,670 | €2,187 | ▼ 40.4% |
| Current assets29/58 | €76.4m | €77.4m | €79.1m | €75.9m | €76.2m | ▲ 0.4% |
| Stocks and contracts in progress3 | €17.2m | €14.2m | €9.8m | €8.1m | €6.5m | ▼ 19.5% |
| Stocks30/36 | €17.2m | €14.2m | €9.8m | €8.1m | €6.5m | ▼ 19.5% |
| Goods purchased for resale34 | €17.2m | €14.2m | €9.8m | €8.1m | €6.5m | ▼ 19.5% |
| Amounts receivable within one year40/41 | €58.4m | €62.6m | €60.2m | €64.5m | €67.4m | ▲ 4.4% |
| Trade receivables40 | €57.8m | €61.7m | €60.2m | €64.5m | €67.4m | ▲ 4.4% |
| Other amounts receivable41 | €622,140 | €956,869 | €17,199 | €8,264 | €2,564 | ▼ 69.0% |
| Cash at bank and in hand54/58 | €784,430 | €583,794 | €9.0m | €3.3m | €2.3m | ▼ 29.6% |
| Deferred charges and accrued income490/1 | €48,936 | €23,007 | €19,801 | €20,197 | €8,089 | ▼ 59.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78.4m | €79.5m | €81.0m | €77.9m | €77.8m | ▼ 0.1% |
| Equity10/15 | €53.2m | €73.4m | €76.1m | €75.2m | €75.3m | ▲ 0.1% |
| Contributions10/11 | €28.0m | €28.0m | €28.0m | €28.0m | €28.0m | = |
| Capital10 | €28.0m | - | - | - | - | - |
| Issued capital100 | €28.0m | - | - | - | - | - |
| Revaluation surpluses12 | €715,067 | €715,067 | €715,067 | €715,067 | €715,067 | = |
| Reserves13 | €24.5m | €44.7m | €47.4m | €47.4m | €47.4m | = |
| Non-distributable reserves130/1 | - | €1.3m | €1.3m | - | - | - |
| Legal reserve130 | €1.2m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1.3m | €1.3m | - | - | - |
| Distributable reserves133 | €23.3m | €43.4m | €46.0m | €47.4m | €47.4m | = |
| Profit (loss) carried forward14 | - | - | - | -€832,475 | -€791,507 | ▲ 4.9% |
| Amounts payable17/49 | €25.2m | €6.1m | €5.0m | €2.6m | €2.5m | ▼ 4.3% |
| Amounts payable after more than one year17 | €5.5m | - | - | - | - | - |
| Other amounts payable178/9 | €5.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €19.7m | €6.1m | €5.0m | €2.6m | €2.5m | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €5.5m | - | - | - | - |
| Financial debts43 | €3.3m | - | - | - | - | - |
| Credit institutions430/8 | €3.3m | - | - | - | - | - |
| Trade debts44 | €16.4m | €282,985 | €465,534 | €28,576 | €20,331 | ▼ 28.9% |
| Suppliers440/4 | €16.4m | €282,985 | €465,534 | €28,576 | €20,331 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €61,324 | €308,993 | €49,593 | €139,025 | €43,295 | ▼ 68.9% |
| Taxes450/3 | €26,718 | €279,258 | €14,027 | €100,868 | €11,620 | ▼ 88.5% |
| Remuneration and social security454/9 | €34,606 | €29,735 | €35,566 | €38,157 | €31,675 | ▼ 17.0% |
| Other amounts payable47/48 | - | - | €4.5m | €2.5m | €2.5m | ▼ 0.3% |
| Accrued charges and deferred income492/3 | €16,520 | €2,939 | €201 | €285 | - | - |
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.3m | €9.7m | €2.7m | -€832,475 | €40,968 | ▲ 105% |
| + Depreciation and write-downs630 | €111,753 | €96,209 | €90,649 | €105,225 | €49,229 | ▼ 53.2% |
| Operating cash flow (approximation) | €5.4m | €9.8m | €2.8m | -€727,250 | €90,197 | ▲ 112% |
| Investment in fixed assets (approximation) | - | - | -€35,527 | -€61,380 | €326,015 | ▲ 631% |
| Change in cash | - | - | €8.4m | -€5.7m | -€967,970 | ▲ 83.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Back to profitnet €40,968
Net result €40,968 after one loss-making year.
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet -€832,475
Net result drops to -€832,475, the lowest in the series; recovery starts the following year.
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €9.7m ▲81%
Operating result €10.4m, net result €9.7m, both a record.
31-03
Financial
Liquidity triplescurrent ratio 12.71
Current ratio from 3.87 to 12.71; short-term debt falls from €19.7m to €6.1m.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Antwerpen · 1 establishment unit since 1992
Ground area
3,046 m²
Building footprint
2,904 m²
Volume, LiDAR
74,659 m³
Parcel 11808H1178/00S008, Flanders · tallest building 46.0 m, ±8 floors. Linked by address, not a title deed.
258
companies at this address
See who is registered here
1 establishment unit
YAELSTAR BVBA
since 19922.059.558.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
5493007W5X3JN7LG2L25
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Of 1,230 companies in sector 46861 we hold annual accounts for 749. 107 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-1992
Fiscal year end31-03
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448419023
Also
9925:BE0448419023
Registered
15-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.