YB Construct
ActiveSummary
YB Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €163k and a net result of €38k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+2
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 3.62 in 2023; short-term debt: 48.9% and cash: 2.2% of total assets), but 69.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
9 d early
2022
60 d late
2021
11 d early
2020
5 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€163k▲ 11.6%
2023 · €146k
Total assets
€527k▲ 8.1%
2023 · €488k
Net result
€38k▲ 27.2%
2023 · €30k
Working capital
€269k▼ 23.7%
2023 · €352k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€31k▼ 70.1%€-23k€88k€65k▼ 26.4%€66k▲ 1.9%
Net result€14k▼ 81.2%€-38k€63k€30k▼ 52.5%€38k▲ 27.2%
Equity€136k▲ 10.6%€78k▼ 42.9%€140k▲ 80.8%€146k▲ 4.3%€163k▲ 11.6%
Total assets€403k▲ 96.2%€388k▼ 3.6%€487k▲ 25.5%€488k▲ 0.2%€527k▲ 8.1%
Debt€267k▲ 224%€311k▲ 16.5%€347k▲ 11.7%€342k▼ 1.5%€364k▲ 6.6%
Working capital€266k▲ 132%€130k▼ 51.2%€294k▲ 127%€352k▲ 19.8%€269k▼ 23.7%
Staff (FTE)1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €527k
Fixed assets
€852 ▼ 37.1%
Current assets
€527k ▲ 8.2%
Equity and liabilities €527k
Equity
€163k ▲ 11.6%
Debt
€364k ▲ 6.6%
Debt's share of the balance-sheet total falls from 70.0% to 69.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▲
2023 · €66k
Cash flow
€38k▲
2023 · €31k
Current ratio
2.04▼
2023 · 3.62
Quick ratio
0.38▼
2023 · 1.36
Debt to equity
2.23▼
2023 · 2.34
ROE
23.2%▲
2023 · 20.3%
ROA
7.2%▲
2023 · 6.1%
Interest coverage
4.09▲
2023 · 4.00
Debt ≤ 1 year
€258k▲
2023 · €135k
Debt > 1 year
€106k▼
2023 · €207k
Income taxes
€16k▼
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €69 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €333 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €701 | €2k | €504 | ▼ 66.5% |
| Other operating charges640/8 | - | €14k | €7k | €7k | €8k | ▲ 23.0% |
| Non-recurring operating charges66A | - | - | - | €266 | - | - |
| Gross operating margin9900 | €56k | €-7k | €96k | €74k | €75k | ▲ 2.1% |
| Operating profit (loss)9901 | €31k | €-23k | €88k | €65k | €66k | ▲ 1.9% |
| Financial income75/76B | - | €7 | €4k | €3 | €4k | ▲ 166,614% |
| Recurring financial income75 | €10 | €7 | €4k | €3 | €4k | ▲ 166,614% |
| Financial charges65/66B | - | €9k | €11k | €17k | €16k | ▼ 2.0% |
| Recurring financial charges65 | €7k | €9k | €11k | €17k | €16k | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €24k | €-32k | €81k | €48k | €54k | ▲ 12.4% |
| Income taxes67/77 | €10k | €7k | €19k | €19k | €16k | ▼ 11.4% |
| Profit (loss) for the period9904 | €14k | €-38k | €63k | €30k | €38k | ▲ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-38k | €63k | €30k | €38k | ▲ 27.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €403k | €388k | €487k | €488k | €527k | ▲ 8.1% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €5k | €4k | €4k | €1k | €852 | ▼ 37.1% |
| Tangible fixed assets22/27 | €3k | €1k | €2k | €1k | €742 | ▼ 40.4% |
| Land and buildings22 | - | €1k | €890 | €601 | €313 | ▼ 48.0% |
| Plant, machinery and equipment23 | - | €197 | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | €860 | €645 | €430 | ▼ 33.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €110 | €110 | = |
| Current assets29/58 | €397k | €384k | €483k | €486k | €527k | ▲ 8.2% |
| Stocks and contracts in progress3 | €361k | €282k | €166k | €304k | €430k | ▲ 41.6% |
| Stocks30/36 | - | €282k | €166k | €304k | €430k | ▲ 41.6% |
| Amounts receivable within one year40/41 | €3k | €101k | €166k | €114k | €85k | ▼ 25.0% |
| Trade receivables40 | - | €71k | €54k | €4k | - | - |
| Other amounts receivable41 | - | €30k | €112k | €110k | €85k | ▼ 22.5% |
| Cash at bank and in hand54/58 | €33k | €671 | €149k | €69k | €11k | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | - | €659 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €403k | €388k | €487k | €488k | €527k | ▲ 8.1% |
| Equity10/15 | €136k | €78k | €140k | €146k | €163k | ▲ 11.6% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Capital10 | - | €2k | €2k | - | - | - |
| Issued capital100 | - | €2k | €2k | - | - | - |
| Reserves13 | €58k | €58k | €58k | €34k | €13k | ▼ 60.8% |
| Non-distributable reserves130/1 | - | €58k | €58k | €34k | €13k | ▼ 60.8% |
| Legal reserve130 | - | €400 | €400 | - | - | - |
| Reserves not available under the articles1311 | - | €57k | €57k | €34k | €13k | ▼ 60.8% |
| Profit (loss) carried forward14 | €76k | €18k | €80k | €110k | €148k | ▲ 34.4% |
| Amounts payable17/49 | €267k | €311k | €347k | €342k | €364k | ▲ 6.6% |
| Amounts payable after more than one year17 | €135k | €56k | €158k | €207k | €106k | ▼ 48.7% |
| Financial debts170/4 | - | €56k | €158k | €207k | €106k | ▼ 48.7% |
| Amounts payable within one year42/48 | €131k | €254k | €189k | €135k | €258k | ▲ 91.8% |
| Current portion of amounts payable after more than one year42 | - | €100k | - | - | €126k | - |
| Financial debts43 | - | €51k | €8k | €12k | - | - |
| Credit institutions430/8 | - | €51k | €8k | €12k | - | - |
| Trade debts44 | €66k | €81k | €129k | €86k | €100k | ▲ 16.3% |
| Suppliers440/4 | - | €81k | €129k | €86k | €100k | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | €7k | €37k | €21k | €17k | ▼ 20.2% |
| Taxes450/3 | - | €7k | €37k | €21k | €17k | ▼ 20.2% |
| Other amounts payable47/48 | - | €15k | €15k | €15k | €15k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-38k | €63k | €30k | €38k | ▲ 27.2% |
| + Depreciation and write-downs630 | €3k | €2k | €701 | €2k | €504 | ▼ 66.5% |
| Operating cash flow (approximation) | €17k | €-37k | €63k | €31k | €38k | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €-110 | €-1k | €2k | €0 | ▼ 100% |
| Change in cash | - | €-32k | €149k | €-81k | €-58k | ▲ 28.5% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €163k ▲11.6%
3 profitable years in a row build equity to €163k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
31-12
Financial
Equity above €100kEq €140k ▲80.8%
Equity rises from €78k to €140k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €75k ▲262%
Operating result €105k, net result €75k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.39
Current ratio from 1.08 to 2.39; short-term debt falls from €483k to €82k.
Show earlier events
31-12
Financial
Equity above €100kEq €123k ▲159%
2 profitable years in a row build equity to €123k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lokeren · 1 establishment unit since 2016
Ground area
2,657 m²
Building footprint
311 m²
Volume, LiDAR
1,398 m³
Parcel 46384C1246/00C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cleaning
since 20162.251.222.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C1246/00C000 | Flanders | 2,657 m² | 1 · 311 m² | 7.9 m · 2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,480 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
Founded02-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43410Roofing work
68110Buying and selling of own real estate
Contact
E-mail
benazzouzyous@gmail.comLokeren
Phone
0489/87.94.76Lokeren
Scores and ratios are computed by Checked and are not a credit decision.