YE engineering
ActiveSummary
YE engineering has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €157k and a net result of €84k. Equity is growing by ~40.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 3.92 in 2023; short-term debt: 24.2% and cash: 21.2% of total assets), and 24.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 12-06-2025, 49 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
55 d early
2022
46 d early
2021
47 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€157k▲ 17.7%
2023 · €133k
2021: €33klowest in 4 years
2022: €73k▲ +120% vs 2021
2023: €133k▲ +82.5% vs 2022
2024: €157k▲ +17.7% vs 2023highest in 4 years
2021 → 2024
Total assets
€207k▲ 16.0%
2023 · €179k
2021: €48klowest in 4 years
2022: €106k▲ +120% vs 2021
2023: €179k▲ +68.8% vs 2022
2024: €207k▲ +16.0% vs 2023highest in 4 years
2021 → 2024
Net result
€84k▲ 39.2%
2023 · €60k
2021: €30klowest in 4 years
2022: €40k▲ +32.3% vs 2021
2023: €60k▲ +51.0% vs 2022
2024: €84k▲ +39.2% vs 2023highest in 4 years
2021 → 2024
Working capital
€156k▲ 18.2%
2023 · €132k
2021: €32klowest in 4 years
2022: €72k▲ +124% vs 2021
2023: €132k▲ +83.0% vs 2022
2024: €156k▲ +18.2% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€33k-€73k▲ 120%€133k▲ 82.5%€157k▲ 17.7%
2021: €33klowest in 4 years
2022: €73k▲ +120% vs 2021
2023: €133k▲ +82.5% vs 2022
2024: €157k▲ +17.7% vs 2023highest in 4 years
Operating result€43k-€59k▲ 37.2%€79k▲ 34.9%€111k▲ 40.3%
2021: €43klowest in 4 years
2022: €59k▲ +37.2% vs 2021
2023: €79k▲ +34.9% vs 2022
2024: €111k▲ +40.3% vs 2023highest in 4 years
Net result€30k-€40k▲ 32.3%€60k▲ 51.0%€84k▲ 39.2%
2021: €30klowest in 4 years
2022: €40k▲ +32.3% vs 2021
2023: €60k▲ +51.0% vs 2022
2024: €84k▲ +39.2% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 40% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€1k ▼ 21.3%
Current assets
€206k ▲ 16.3%
Equity and liabilities €207k
Equity
€157k ▲ 17.7%
Debt
€50k ▲ 10.9%
Debt's share of the balance-sheet total falls from 25.3% to 24.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▲
2023 · €79k
Cash flow
€84k▲
2023 · €60k
Current ratio
4.11▲
2023 · 3.92
Debt to equity
0.32▼
2023 · 0.34
ROE
53.5%▲
2023 · 45.2%
ROA
40.5%▲
2023 · 33.8%
Interest coverage
95.24▼
2023 · 113.18
Debt ≤ 1 year
€50k▲
2023 · €45k
Income taxes
€26k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€179k€207k▲
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€1k€1k▼
Financial fixed assets28€0-
Current assets29/58€177k€206k▲
Amounts receivable within one year40/41€168k€159k▼
Trade receivables40€34k€46k▲
Other amounts receivable41€133k€113k▼
Cash at bank and in hand54/58€8k€44k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€179k€207k▲
Equity10/15€133k€157k▲
Contributions10/11€3k€3k=
Reserves13€130k€154k▲
Distributable reserves133€130k€154k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€45k€50k▲
Amounts payable within one year42/48€45k€50k▲
Financial debts43€23k€11k▼
Credit institutions430/8€23k€11k▼
Trade debts44€172€2k▲
Suppliers440/4€172€2k▲
Taxes, remuneration and social security45€22k€38k▲
Taxes450/3€22k€38k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94€308▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€81k€113k▲
Operating profit (loss)9901€79k€111k▲
Financial income75/76B€1€1=
Recurring financial income75€1€1=
Financial charges65/66B€699€1k▲
Recurring financial charges65€699€1k▲
Profit (loss) for the period before taxes9903€78k€110k▲
Income taxes67/77€18k€26k▲
Profit (loss) for the period9904€60k€84k▲
Profit (loss) for the period to be appropriated9905€60k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€84k▲
Transfer from equity791/2-€60k
Transfer to equity691/2€60k€84k▲
To other reserves6921€60k€84k▲
Profit to be distributed694/7-€60k
Return on contributions (dividend)694-€60k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €94 | €308 | ▲ 229% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | ▲ 5.4% |
| Gross operating margin9900 | €44k | €61k | €81k | €113k | ▲ 39.7% |
| Operating profit (loss)9901 | €43k | €59k | €79k | €111k | ▲ 40.3% |
| Financial income75/76B | - | €0 | €1 | €1 | = |
| Recurring financial income75 | - | €0 | €1 | €1 | = |
| Financial charges65/66B | €159 | €770 | €699 | €1k | ▲ 67.0% |
| Recurring financial charges65 | €159 | €770 | €699 | €1k | ▲ 67.0% |
| Profit (loss) for the period before taxes9903 | €43k | €58k | €78k | €110k | ▲ 40.0% |
| Income taxes67/77 | €12k | €18k | €18k | €26k | ▲ 42.8% |
| Profit (loss) for the period9904 | €30k | €40k | €60k | €84k | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €30k | €40k | €60k | €84k | ▲ 39.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48k | €106k | €179k | €207k | ▲ 16.0% |
| Fixed assets21/28 | €1k | €1k | €1k | €1k | ▼ 21.3% |
| Tangible fixed assets22/27 | - | - | €1k | €1k | ▼ 21.3% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | ▼ 21.3% |
| Financial fixed assets28 | €1k | €1k | €0 | - | - |
| Current assets29/58 | €47k | €105k | €177k | €206k | ▲ 16.3% |
| Amounts receivable within one year40/41 | €15k | €12k | €168k | €159k | ▼ 5.3% |
| Trade receivables40 | €15k | €12k | €34k | €46k | ▲ 32.7% |
| Other amounts receivable41 | - | €28 | €133k | €113k | ▼ 15.2% |
| Cash at bank and in hand54/58 | €31k | €90k | €8k | €44k | ▲ 443% |
| Deferred charges and accrued income490/1 | €1k | €3k | €1k | €3k | ▲ 145% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48k | €106k | €179k | €207k | ▲ 16.0% |
| Equity10/15 | €33k | €73k | €133k | €157k | ▲ 17.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €30k | €70k | €130k | €154k | ▲ 18.1% |
| Distributable reserves133 | €30k | €70k | €130k | €154k | ▲ 18.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €15k | €33k | €45k | €50k | ▲ 10.9% |
| Amounts payable within one year42/48 | €15k | €33k | €45k | €50k | ▲ 10.9% |
| Financial debts43 | - | - | €23k | €11k | ▼ 53.4% |
| Credit institutions430/8 | - | - | €23k | €11k | ▼ 53.4% |
| Trade debts44 | €124 | €974 | €172 | €2k | ▲ 827% |
| Suppliers440/4 | €124 | €974 | €172 | €2k | ▲ 827% |
| Taxes, remuneration and social security45 | €15k | €32k | €22k | €38k | ▲ 70.2% |
| Taxes450/3 | €15k | €32k | €22k | €38k | ▲ 70.2% |
| Other amounts payable47/48 | €20 | €88 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €40k | €60k | €84k | ▲ 39.2% |
| + Depreciation and write-downs630 | - | - | €94 | €308 | ▲ 229% |
| Operating cash flow (approximation) | €30k | €40k | €60k | €84k | ▲ 39.5% |
| Investment in fixed assets (approximation) | - | €0 | €-540 | €0 | ▲ 100% |
| Change in cash | - | €58k | €-82k | €36k | ▲ 144% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €84k ▲39.2%
Operating result €111k, net result €84k, both a record.
31-12
Financial
Equity above €150kEq €157k ▲17.7%
4 profitable years in a row build equity to €157k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €133k ▲82.5%
3 profitable years in a row build equity to €133k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2021
Ground area
224 m²
Building footprint
54 m²
Volume, LiDAR
466 m³
Parcel 11019B0241/00Y000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
YE engineering
since 20212.312.636.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0241/00Y000 | Flanders | 224 m² | 1 · 54 m² | 9.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 838 EUR awarded · 838 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 57 EUR | 57 EUR |
| 2022 | 1 | 781 EUR | 781 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
2549007P6KX39QKDV004
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,223 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
Founded02-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.