YAVATECH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 6 filings
Turnover
≈ €750,000
Estimated: probably between €560,000 and €1.0m
Total assets
€1.2m▲ 10.6%
2024 · €1.0m
Net result
€73,468▲ 131%
2024 · €31,834
Working capital
€42,354▼ 47.1%
2024 · €80,126
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€115,607
▲ 85.3%
2025
20202025
Net result
€73,468
▲ 131%
2025
highest quarter of the sector
20202025
Equity
€347,371
▲ 26.8%
2025
highest quarter of the sector
20202025
Total assets
€1.2m
▲ 10.6%
2025
highest quarter of the sector
20202025
Debt
€811,876
▲ 4.9%
2025
20202025
Working capital
€42,354
▼ 47.1%
2025
middle half of the sector
20202025
Solvency
30.0%
▲ 3.8pp
2025
middle half of the sector
20202025
Current ratio
1.26
▼ 0.34
2025
middle half of the sector
20202025
Return on assets (ROA)
6.3%
▲ 3.3pp
2025
middle half of the sector
20202025
Staff (FTE)
1.4
▼ 22.2%
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.08m-€0.1m▲ 48.6%€0.08m▼ 31.0%€0.03m▼ 61.2%€0.06m▲ 90.6%€0.1m▲ 85.3%
Net result€0.06mabove the sector's middle half-€0.09mabove the sector's middle half▲ 46.6%€0.06mabove the sector's middle half▼ 27.4%€0.03mabove the sector's middle half▼ 50.4%€0.03mabove the sector's middle half▲ 2.1%€0.07mabove the sector's middle half▲ 131%
Equity€0.06mwithin the sector's middle half-€0.1mabove the sector's middle half▲ 141%€0.2mabove the sector's middle half▲ 42.4%€0.2mabove the sector's middle half▲ 14.8%€0.3mabove the sector's middle half▲ 13.2%€0.3mabove the sector's middle half▲ 26.8%
Total assets€0.2mwithin the sector's middle half-€0.4mabove the sector's middle half▲ 115%€0.7mabove the sector's middle half▲ 61.5%€1.1mabove the sector's middle half▲ 75.6%€1.0mabove the sector's middle half▼ 8.6%€1.2mabove the sector's middle half▲ 10.6%
Debt€0.1m-€0.3m▲ 102%€0.4m▲ 72.5%€0.9m▲ 105%€0.8m▼ 14.4%€0.8m▲ 4.9%
Working capital€0.04mwithin the sector's middle half-€0.1mabove the sector's middle half▲ 177%€0.1mabove the sector's middle half▲ 46.3%€0.2mabove the sector's middle half▲ 8.8%€0.08mwithin the sector's middle half▼ 49.9%€0.04mwithin the sector's middle half▼ 47.1%
Solvency32.7%within the sector's middle half-36.6%within the sector's middle half▲ 4.0pp32.3%within the sector's middle half▼ 4.3pp21.1%below the sector's middle half▼ 11.2pp26.1%within the sector's middle half▲ 5.0pp30.0%within the sector's middle half▲ 3.8pp
Current ratio1.50within the sector's middle half-1.88within the sector's middle half▲ 0.382.37within the sector's middle half▲ 0.491.47within the sector's middle half▼ 0.901.59within the sector's middle half▲ 0.121.26within the sector's middle half▼ 0.34
Return on assets (ROA)31.3%above the sector's middle half-21.4%above the sector's middle half▼ 9.9pp9.6%within the sector's middle half▼ 11.8pp2.7%within the sector's middle half▼ 6.9pp3.0%within the sector's middle half▲ 0.3pp6.3%within the sector's middle half▲ 3.3pp
Staff (FTE)1.3within the sector's middle half-2▲ 53.8%1.8▼ 10.0%1.8=1.8=1.4▼ 22.2%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 85% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€951,530 ▲ 14.3%
Current assets
€207,716 ▼ 3.5%
Equity and liabilities €1.2m
Equity
€347,371 ▲ 26.8%
Debt
€811,876 ▲ 4.9%
Debt's share of the balance-sheet total falls from 73.9% to 70.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180,504▲
2024 · €114,681
Cash flow
€138,365▲
2024 · €84,118
Debt to equity
2.34▼
2024 · 2.83
ROE
21.1%▲
2024 · 11.6%
Interest coverage
6.93▲
2024 · 4.78
Debt ≤ 1 year
€165,363▲
2024 · €135,039
Debt > 1 year
€646,492▲
2024 · €638,745
Income taxes
€16,036▲
2024 · €6,348
Staff costs
€82,984▼
2024 · €97,760
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 1 |
| full-time | 2 | 1 | 1 | 1 | 1 |
| part-time | - | 1 | 1 | 1 | - |
| in full-time equivalents | 2 | 1.8 | 1.8 | 1.8 | 1 |
| Average over the year, in full-time equivalents | 2 | 1.8 | 1.8 | 1.8 | 1.4 |
| On a permanent contract | 2 | 2 | 2 | 2 | 1 |
| Joined | - | - | 1 | - | 0 |
| Left | - | - | 1 | - | 1 |
| Training hours | 2 | 10 | 2 | 10 | 5 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €100,000 | €100,000 | €100,000 | €100,000 |
| Carrying value of the mortgaged assets | €130,925 | €235,000 | €538,863 | €701,822 | €791,441 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €139,563 | €273,434 | €279,739 | €232,386 | €183,746 |
| Intangible fixed assets | - | - | - | €4,590 | - |
| Financial fixed assets | - | - | €345 | - | - |
| Depreciation and write-downs of the year | €29,775 | €64,648 | €30,583 | €52,284 | €64,897 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €1,377 awarded · €1,377 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €6,188 | - |
| Remuneration, social security and pensions62 | - | €96,792 | €97,343 | €73,708 | €97,760 | €82,984 | ▼ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,623 | €29,775 | €64,648 | €30,583 | €52,284 | €64,897 | ▲ 24.1% |
| Other operating charges640/8 | - | €1,565 | €2,178 | €2,884 | €2,305 | €2,397 | ▲ 4.0% |
| Gross operating margin9900 | €154,016 | €250,584 | €248,647 | €139,918 | €214,745 | €265,886 | ▲ 23.8% |
| Operating profit (loss)9901 | €82,388 | €122,452 | €84,479 | €32,744 | €62,397 | €115,607 | ▲ 85.3% |
| Financial income75/76B | - | €10 | €10 | €30,000 | €40 | €0 | ▼ 99.6% |
| Recurring financial income75 | €1 | €10 | €10 | €0 | €40 | €0 | ▼ 99.6% |
| Non-recurring financial income76B | - | - | - | €30,000 | - | - | - |
| Financial charges65/66B | - | €3,287 | €3,655 | €26,554 | €24,255 | €26,104 | ▲ 7.6% |
| Recurring financial charges65 | €1,234 | €3,287 | €3,655 | €12,000 | €23,991 | €26,051 | ▲ 8.6% |
| Non-recurring financial charges66B | - | - | - | €14,553 | €264 | €53 | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | €81,155 | €119,175 | €80,833 | €36,190 | €38,181 | €89,504 | ▲ 134% |
| Income taxes67/77 | €22,125 | €32,637 | €18,002 | €5,020 | €6,348 | €16,036 | ▲ 153% |
| Profit (loss) for the period9904 | €59,031 | €86,538 | €62,831 | €31,170 | €31,834 | €73,468 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €59,031 | €86,538 | €62,831 | €31,170 | €31,834 | €73,468 | ▲ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.2m | €0.4m | €0.7m | €1.1m | €1.0m | €1.2m | ▲ 10.6% |
| Fixed assets21/28 | €0.08m | €0.2m | €0.4m | €0.6m | €0.8m | €1.0m | ▲ 14.3% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €0.004m | €0.003m | ▼ 22.0% |
| Tangible fixed assets22/27 | €0.08m | €0.2m | €0.4m | €0.6m | €0.8m | €0.9m | ▲ 14.5% |
| Land and buildings22 | - | €0.1m | €0.4m | €0.6m | €0.8m | €0.9m | ▲ 17.4% |
| Plant, machinery and equipment23 | - | €0.001m | €0.001m | €131 | - | €0.004m | - |
| Furniture and vehicles24 | - | €0.02m | €0.01m | €0.006m | €0.003m | €0.003m | ▲ 13.0% |
| Leasing and similar rights25 | - | €0.03m | €0.02m | €0.04m | €0.06m | €0.05m | ▼ 23.1% |
| Other tangible fixed assets26 | - | €0.008m | €0.006m | €0.003m | €0.001m | - | - |
| Financial fixed assets28 | - | - | - | €345 | €345 | €345 | = |
| Current assets29/58 | €0.1m | €0.2m | €0.3m | €0.5m | €0.2m | €0.2m | ▼ 3.5% |
| Stocks and contracts in progress3 | - | - | - | €0.02m | - | - | - |
| Contracts in progress37 | - | - | - | €0.02m | - | - | - |
| Amounts receivable within one year40/41 | €0.08m | €0.1m | €0.1m | €0.3m | €0.1m | €0.1m | ▲ 24.2% |
| Trade receivables40 | - | €0.09m | €0.09m | €0.06m | €0.08m | €0.1m | ▲ 71.1% |
| Other amounts receivable41 | - | €0.02m | €0.03m | €0.3m | €0.04m | €0.02m | ▼ 61.2% |
| Cash at bank and in hand54/58 | €0.03m | €0.1m | €0.1m | €0.1m | €0.09m | €0.05m | ▼ 40.8% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.002m | €0.006m | €0.003m | €0.005m | ▲ 34.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.2m | €0.4m | €0.7m | €1.1m | €1.0m | €1.2m | ▲ 10.6% |
| Equity10/15 | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 26.8% |
| Contributions10/11 | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves13 | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 27.1% |
| Distributable reserves133 | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 27.1% |
| Profit (loss) carried forward14 | €31 | €31 | - | - | - | - | - |
| Amounts payable17/49 | €0.1m | €0.3m | €0.4m | €0.9m | €0.8m | €0.8m | ▲ 4.9% |
| Amounts payable after more than one year17 | €0.05m | €0.1m | €0.3m | €0.6m | €0.6m | €0.6m | ▲ 1.2% |
| Financial debts170/4 | - | €0.1m | €0.3m | €0.6m | €0.6m | €0.6m | ▲ 1.2% |
| Amounts payable within one year42/48 | €0.07m | €0.1m | €0.1m | €0.3m | €0.1m | €0.2m | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €0.03m | €0.04m | €0.06m | €0.06m | €0.07m | ▲ 5.0% |
| Trade debts44 | €0.01m | €0.01m | €0.02m | €0.3m | €0.02m | €0.08m | ▲ 214% |
| Suppliers440/4 | - | €0.01m | €0.02m | €0.3m | €0.02m | €0.08m | ▲ 214% |
| Advances received on contracts in progress46 | - | - | - | - | €0.02m | - | - |
| Taxes, remuneration and social security45 | - | €0.06m | €0.05m | €0.01m | €0.03m | €0.02m | ▼ 38.5% |
| Taxes450/3 | - | €0.04m | €0.03m | €174 | €0.01m | €0.01m | ▼ 24.1% |
| Remuneration and social security454/9 | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | ▼ 48.4% |
| Other amounts payable47/48 | - | €0.006m | €0.001m | €448 | €262 | €0.003m | ▲ 12× |
| Accrued charges and deferred income492/3 | - | €0.001m | - | - | €160 | €21 | ▼ 87.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,031 | €86,538 | €62,831 | €31,170 | €31,834 | €73,468 | ▲ 131% |
| + Depreciation and write-downs630 | €18,623 | €29,775 | €64,648 | €30,583 | €52,284 | €64,897 | ▲ 24.1% |
| Operating cash flow (approximation) | €77,654 | €116,313 | €127,479 | €61,753 | €84,118 | €138,365 | ▲ 64.5% |
| Investment in fixed assets (approximation) | - | -€139,563 | -€273,434 | -€280,084 | -€236,976 | -€183,746 | ▲ 22.5% |
| Change in cash | - | €75,744 | €34,912 | -€3,664 | -€41,481 | -€37,578 | ▲ 9.4% |
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, 6,713 companies had the same profile as YAVATECH has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YAVATECH itself is lower: 0.3% within 12 months. It rests on far more data about YAVATECH 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 6,713 companies, not a prediction for YAVATECH. 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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00268996 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00191430 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00229200 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151458 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20093674 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30600142 |