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YAMAUCHI CORP.

Active
Public limited companyfounded 1988active for 38 yearsDiepenbekerweg 1, 3500 Hasselt, BelgiumKBO/BCE: BE 0433.315.232
Summary

The annual accounts of YAMAUCHI CORP. for financial year 2025 show a net loss of 1,003% of the equity at the start of that year. The 2025 annual accounts show equity of €1.8m and a net result of -€1.4m. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 15% of 227 sector peers (NACE 22, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Manufacture of rubber and plastic products
NACE 22260
10th largest employer in Hasselt, Manufacturing sector1 site
Size
€10.8mturnover 2025
Staff
41.1 FTE
Equity
€1.8m
Loss
-€1.4m
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
Yamauchi Corporation Japan · 99.92%
Accounts 92 days early3 of 16 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €1.4m, the second in a row (financial year 2025)Equity €1.8m (18.3% of total assets)Sector: Manufacture of rubber and plastic products (NACE 22)lowers riskLiquidity: current ratio 0.94, cash €2.7mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 22, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 43+16
equity 18.3% of total assets
Liquidity 48+13
short-term debt 70.2% · cash 28.4%
Profitability 3-3
return on assets -14.3%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies, NACE 22, small)
Last 24 months 11-2024: 3.0%highest value 12-2024: 3.0%● unchanged vs 11-2024highest value 01-2025: 3.0%● unchanged vs 12-2024highest value 02-2025: 2.9%▼ -0.1 percentage points vs 01-2025 03-2025: 3.0%▲ +0.1 percentage points vs 02-2025 04-2025: 3.0%● unchanged vs 03-2025 05-2025: 3.0%● unchanged vs 04-2025 06-2025: 3.0%● unchanged vs 05-2025 07-2025: 3.0%● unchanged vs 06-2025 08-2025: 3.0%● unchanged vs 07-2025 09-2025: 3.0%● unchanged vs 08-2025 10-2025: 3.0%● unchanged vs 09-2025 11-2025: 3.0%● unchanged vs 10-2025 12-2025: 3.0%● unchanged vs 11-2025 01-2026: 3.0%● unchanged vs 12-2025 02-2026: 2.9%▼ -0.1 percentage points vs 01-2026 03-2026: 3.0%▲ +0.1 percentage points vs 02-2026 04-2026: 3.0%● unchanged vs 03-2026 05-2026: 3.0%● unchanged vs 04-2026 06-2026: 0.8%▼ -2.2 percentage points vs 05-2026lowest value 07-2026: 0.8%● unchanged vs 06-2026lowest value 08-2026: 0.8%● unchanged vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value
Credit of up to €95,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.94, compared with 1.19 in 2024, below 1; short-term debt: 70.2% and cash: 28.4% of total assets), and 81.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small): better than 20% on solvency, 56% on liquidity, 3% on profitability and 53% on growth.

The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €1.4m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €1.8m (18.3% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.94, cash €2.7m
NBB · annual accounts
raises risk · Sector: Manufacture of rubber and plastic products (NACE 22)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 227 sector peers (2025).
NBB · sector comparison
Position among 227 sector peers
Solvency
better than 15%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
92 days early
2024
84 days early
2023
97 days early
2022
75 days early
2021
80 days early
2020
95 days early
2019
95 days early
← 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 88 days before the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Equity above €1mequity €1.8m ▲1,184%
  3. Reappointment: Toshio Saito (director)Permanent representatives: Dieter Vanloock and…

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€1.4m View
  • Positive: Equity rose in 2025from €137,204 to €1.8m ▲ 1,184% View
  • Caution: Among the weakest 8% on net resultsector median €155,118 · 227 companies -€1.4m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Known shareholderslargest: Yamauchi Corporation Japan 99.92% 100% View
  • Flemish supportawarded from 2022 to 2025 €51,369 View

By topic

Financials

Financial year
2025
Turnover
€10.8m
Loss
-€1.4m
Solvency
18.3%
Turnover▼ 19.7%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Largest shareholder
Yamauchi Corporation Japan · 99.92%
Known shareholders
100%
  • Toshio SaitoDirector
Go to Board & ownership

Timeline

Events
42
Since
1990
Next accounts
by 31-07-2027
  1. 08-05-2025Annual accounts filed
  2. 07-03-2025Capital & shares
  3. 11-06-2024Reappointments: Takao Yamauchi (director) and Klynveld Peat…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22260
Founded
09-02-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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