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YBAKOR

Active
Public limited companyfounded 199333 yrs activeOudenaardsesteenweg(Kor) 367, 8500 Kortrijk, BelgiumKBO/BCE: BE 0450.292.707
Summary

YBAKOR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €791,168 and a net result of -€6,628. Equity is shrinking by ~11.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability18▼-2
Solvency70=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
short-term debt: 0% and cash: 0.9% of total assets, and 54.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
45.3%
Return on assets
-0.4%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
10 d early
2021
31 d late
2020
5 d early
2019
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 May 1993, YBAKOR was incorporated.1 Total assets went from EUR 3.1 million in 2018 to EUR 1.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,628▲ 15.3%
2024 · -€7,826
Working capital
€15,340▼ 28.4%
2024 · €21,427
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€19,563▲ 6.6%€14,752▼ 24.6%-€3,196€454-€1,356
Net result€13,338▲ 5.6%€6,168▼ 53.8%-€9,643-€7,826▲ 18.8%-€6,628▲ 15.3%
Equity€2.0m▲ 0.7%€1.6m▼ 21.4%€805,622▼ 49.2%€797,796▼ 1.0%€791,168▼ 0.8%
Total assets€3.1m▲ 0.5%€3.2m▲ 0.6%€2.3m▼ 26.7%€1.8m▼ 24.0%€1.7m▼ 0.6%
Debt€1.1m▲ 0.2%€1.6m▲ 40.7%€1.5m▼ 3.9%€959,023▼ 36.2%€955,880▼ 0.3%
Working capital€443,295▲ 17.3%€75,846▼ 82.9%€24,688▼ 67.4%€21,427▼ 13.2%€15,340▼ 28.4%
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: €19,563€19,563Net result 2021: €13,338€13,338Operating result 2022: €14,752€14,752Net result 2022: €6,168€6,168Operating result 2023: -€3,196-€3,196Net result 2023: -€9,643-€9,643Operating result 2024: €454€454Net result 2024: -€7,826-€7,826Operating result 2025: -€1,356-€1,356Net result 2025: -€6,628-€6,62820212022202320242025-€10,000-€5,000€0Operating result 2023: -€3,196-€3,200Net result 2023: -€9,643-€9,640Operating result 2024: €454€454Net result 2024: -€7,826-€7,830Operating result 2025: -€1,356-€1,360Net result 2025: -€6,628-€6,630202320242025
The operating result turns negative in 2025: a loss of €1,356 after €454 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets €1.7m =
Current assets €15,340 ▼ 37.6%
Equity and liabilities €1.7m
Equity €791,168 ▼ 0.8%
Debt €955,880 ▼ 0.3%
Debt's share of the balance-sheet total rises from 54.6% to 54.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€815▼
2024 · €2,451
Cash flow
-€6,087▼
2024 · -€5,829
Debt to equity
1.21▲
2024 · 1.20
ROE
-0.8%▲
2024 · -1.0%
ROA
-0.4%▲
2024 · -0.4%
Interest coverage
-0.15▼
2024 · 0.19
Debt ≤ 1 year
€0▼
2024 · €3,143
Debt > 1 year
€920,000=
2024 · €920,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.1% 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 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,612 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€1.7m▼
Fixed assets21/28€1.7m€1.7m=
Tangible fixed assets22/27€1.7m€1.7m=
Land and buildings22€1.7m€1.7m=
Current assets29/58€24,570€15,340▼
Amounts receivable within one year40/41€10,283€0▼
Trade receivables40€2,836€0▼
Other amounts receivable41€7,447€0▼
Cash at bank and in hand54/58€9,485€15,340▲
Deferred charges and accrued income490/1€4,801€0▼
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.7m▼
Equity10/15€797,796€791,168▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Revaluation surpluses12€753,765€753,765=
Reserves13€0€0=
Distributable reserves133€0€0=
Profit (loss) carried forward14-€17,469-€24,097▼
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€959,023€955,880▼
Amounts payable after more than one year17€920,000€920,000=
Other amounts payable178/9€920,000€920,000=
Amounts payable within one year42/48€3,143€0▼
Trade debts44€3,143€0▼
Suppliers440/4€3,143€0▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€35,880€35,880=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,997€541▼
Other operating charges640/8€968€1,126▲
Gross operating margin9900€3,419€311▼
Operating profit (loss)9901€454-€1,356▼
Financial income75/76B€28€6▼
Recurring financial income75€28€6▼
Financial charges65/66B€12,666€5,278▼
Recurring financial charges65€12,666€5,278▼
Profit (loss) for the period before taxes9903-€12,184-€6,628▲
Transfer from deferred taxes780€4,358€0▼
Profit (loss) for the period9904-€7,826-€6,628▲
Profit (loss) for the period to be appropriated9905-€7,826-€6,628▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,469-€24,097▼
Profit (loss) brought forward from the previous period14P-€9,643-€17,469▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,503€52,479€3,454€1,997€541▼ 72.9%
Other operating charges640/8€21,485€21,212€0€968€1,126▲ 16.4%
Gross operating margin9900€93,551€88,443€257€3,419€311▼ 90.9%
Operating profit (loss)9901€19,563€14,752-€3,196€454-€1,356▼ 399%
Financial income75/76B€5,733€5,456€5,153€28€6▼ 78.7%
Recurring financial income75€5,733€5,456€5,153€28€6▼ 78.7%
Financial charges65/66B€11,983€11,984€11,600€12,666€5,278▼ 58.3%
Recurring financial charges65€11,983€11,984€11,600€12,666€5,278▼ 58.3%
Profit (loss) for the period before taxes9903€13,313€8,224-€9,643-€12,184-€6,628▲ 45.6%
Transfer from deferred taxes780€484€484€0€4,358€0▼ 100%
Income taxes67/77€459€2,540€0---
Profit (loss) for the period9904€13,338€6,168-€9,643-€7,826-€6,628▲ 15.3%
Transfer from tax-exempt reserves789€1,451€1,451€0---
Profit (loss) for the period to be appropriated9905€14,789€7,619-€9,643-€7,826-€6,628▲ 15.3%
Line20212022202320242025Change
Assets
Total assets20/58€3.1m€3.2m€2.3m€1.8m€1.7m▼ 0.6%
Fixed assets21/28€2.5m€2.5m€1.7m€1.7m€1.7m=
Tangible fixed assets22/27€2.5m€2.5m€1.7m€1.7m€1.7m=
Land and buildings22€2.5m€2.4m€1.7m€1.7m€1.7m=
Plant, machinery and equipment23€22,337€15,966€0---
Current assets29/58€617,785€690,486€578,633€24,570€15,340▼ 37.6%
Amounts receivable within one year40/41€440,239€446,516€533,657€10,283€0▼ 100%
Trade receivables40€11,380€8,438€3,540€2,836€0▼ 100%
Other amounts receivable41€428,859€438,078€530,117€7,447€0▼ 100%
Cash at bank and in hand54/58€176,792€238,983€40,174€9,485€15,340▲ 61.7%
Deferred charges and accrued income490/1€754€4,988€4,801€4,801€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.2m€2.3m€1.8m€1.7m▼ 0.6%
Equity10/15€2.0m€1.6m€805,622€797,796€791,168▼ 0.8%
Contributions10/11€545,366€545,366€61,500€61,500€61,500=
Capital10€545,366€545,366€61,500€61,500€61,500=
Issued capital100€545,366€545,366€61,500€61,500€61,500=
Revaluation surpluses12--€753,765€753,765€753,765=
Reserves13€1.5m€1.0m€0€0€0=
Non-distributable reserves130/1€57,311€57,692€0---
Legal reserve130€38,098€38,479€0---
Reserves not available under the articles1311€19,213€19,213€0---
Tax-exempt reserves132€35,885€34,434€0---
Distributable reserves133€1.4m€947,729€0€0€0=
Profit (loss) carried forward14---€9,643-€17,469-€24,097▼ 37.9%
Provisions and deferred taxes16€4,842€4,358€4,358€0--
Deferred taxes168€4,842€4,358€4,358€0--
Amounts payable17/49€1.1m€1.6m€1.5m€959,023€955,880▼ 0.3%
Amounts payable after more than one year17€927,050€927,050€927,050€920,000€920,000=
Other amounts payable178/9€927,050€927,050€927,050€920,000€920,000=
Amounts payable within one year42/48€174,489€614,641€553,944€3,143€0▼ 100%
Trade debts44€5,139€8,175€2,435€3,143€0▼ 100%
Suppliers440/4€5,139€8,175€2,435€3,143€0▼ 100%
Taxes, remuneration and social security45€459-----
Taxes450/3€459-----
Other amounts payable47/48€168,892€606,465€551,509€0--
Accrued charges and deferred income492/3€10,304€22,264€21,904€35,880€35,880=
Line20212022202320242025Change
Profit (loss) for the period9904€13,338€6,168-€9,643-€7,826-€6,628▲ 15.3%
+ Depreciation and write-downs630€52,503€52,479€3,454€1,997€541▼ 72.9%
Operating cash flow (approximation)€65,841€58,647-€6,189-€5,829-€6,087▼ 4.4%
Investment in fixed assets (approximation)-€0€725,347€0€0-
Change in cash-€62,190-€198,808-€30,689€5,854▲ 119%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 7current ratio 7.82
Current ratio from 1.04 to 7.82; short-term debt falls from €553,944 to €3,143.
31-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€9,643
Net result drops to -€9,643, the lowest in the series; recovery starts the following year.
21-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial Highest result since 2018net €13,338 ▲5.6%
Operating result €19,563, net result €13,338, both a record.
26-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Equity above €2mEq €2.0m ▲0.6%
2 profitable years in a row build equity to €2.0m.
23-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €7,889
Net result €7,889 after one loss-making year.
Show earlier events
22-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
26-12
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 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
7,197 m²
Volume, LiDAR
60,883 m³
Parcel 34353B0311/00H004, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAVIBO CVA
Oudenaardsesteenweg(Kor) 367, 8500 KortrijkNACE 70201
since 19932.062.561.676
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34353B0311/00H004 Flanders 1.5 ha 1 · 7,197 m² 10.4 m · 3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MECOBEN 100%
  2. YBAKOR

Highest known parent: MECOBEN. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Company details

Identification
Legal formPublic limited company
Founded28-05-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450292707
Registered 27-03-2026

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.