Equity
YE engineering paid out €148,962 in dividends. That is 229% of the 2025 profit.
YE engineering paid out €148,962 in dividends. That is 229% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 75.2% higher than in 2024.
Short-term debts rose from €50,126 to €100,606.
The last five annual accounts were filed 38 to 55 days before the end of the period.
Higher net result than 85% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 71, micro). It does better than 40% of them on solvency, 56% on liquidity, 42% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as YE engineering has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YE engineering itself is lower: < 0.1% within 12 months. It rests on far more data about YE engineering than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for YE engineering. 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.
Liquidity is ample, with a current ratio of 1.65 (4.11 in 2024), above the usual 1.5. Short-term debt is 57.9% and cash 38.3% of total assets. However, 57.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 47 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| YE engineering Antwerp | €173,715 | €128,203 | 42.1% | - |
| Lennert Verbiest Projects Brecht | €154,204 | €113,665 | 9.6% | - |
| WRI Engineering Lebbeke | €182,348 | €125,608 | 7.7% | - |
| TEKENBUREEL DENOLF Zulte | €188,888 | €118,815 | 17.2% | - |
| Vadum Consulting Laarne | €182,858 | €127,084 | 37.8% | - |
| Nota Bene Consultancy Dour | €194,988 | €119,661 | 13.0% | - |
| QBUILD Wavre | €151,753 | €137,621 | 19.1% | - |
These companies have the same main activity as YE engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €152,000 and €195,000, founded between 2020 and 2021.
YE engineering files the micro format. That format states no turnover. The gross margin rose from €44,223 in 2021 to €128,203 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €200,000 and €330,000.
Higher than 39% of 11,794 companies in 2025.
Higher than 41% of 11,521 companies in 2025.
Higher than 84% of 11,605 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
173,715 | 207,194 | 178,612 | 105,790 | 47,985 | |
21/28 |
7,339 | 1,138 | 1,446 | 1,000 | 1,000 | |
22/27 |
7,339 | 1,138 | 1,446 | - | - | |
23 |
1,994 | 1,138 | 1,446 | - | - | |
26 |
5,345 | - | - | - | - | |
28 |
- | - | 0 | 1,000 | 1,000 | |
29/58 |
166,375 | 206,055 | 177,166 | 104,790 | 46,985 | |
40/41 |
97,652 | 158,754 | 167,711 | 12,486 | 14,665 | |
40 |
42,268 | 45,657 | 34,406 | 12,458 | 14,665 | |
41 |
55,385 | 113,097 | 133,305 | 28 | - | |
54/58 |
66,467 | 43,947 | 8,088 | 89,634 | 31,179 | |
490/1 |
2,256 | 3,354 | 1,367 | 2,669 | 1,141 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
173,715 | 207,194 | 178,612 | 105,790 | 47,985 | |
10/15 |
73,108 | 157,068 | 133,417 | 73,108 | 33,180 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
70,108 | 154,068 | 130,417 | 70,108 | 30,180 | |
133 |
70,108 | 154,068 | 130,417 | 70,108 | 30,180 | |
14 |
0 | 0 | - | - | - | |
17/49 |
100,606 | 50,126 | 45,195 | 32,682 | 14,804 | |
42/48 |
100,606 | 50,126 | 45,195 | 32,682 | 14,804 | |
43 |
53 | 10,590 | 22,735 | - | - | |
430/8 |
53 | 10,590 | 22,735 | - | - | |
44 |
6,568 | 1,592 | 172 | 974 | 124 | |
440/4 |
6,568 | 1,592 | 172 | 974 | 124 | |
45 |
28,984 | 37,943 | 22,288 | 31,619 | 14,660 | |
450/3 |
28,984 | 37,943 | 22,288 | 31,619 | 14,660 | |
47/48 |
65,002 | - | 0 | 88 | 20 | |
| Income statement | ||||||
9900 |
128,203 | 113,055 | 80,927 | 60,818 | 44,223 | |
630 |
1,237 | 308 | 94 | - | - | |
640/8 |
1,920 | 1,929 | 1,830 | 2,240 | 1,533 | |
9901 |
125,046 | 110,818 | 79,004 | 58,578 | 42,689 | |
75/76B |
0 | 1 | 1 | 0 | - | |
75 |
0 | 1 | 1 | 0 | - | |
65/66B |
40,418 | 1,167 | 699 | 770 | 159 | |
65 |
40,418 | 1,167 | 699 | 770 | 159 | |
9903 |
84,628 | 109,652 | 78,305 | 57,809 | 42,530 | |
67/77 |
19,626 | 25,692 | 17,996 | 17,881 | 12,350 | |
9904 |
65,002 | 83,960 | 60,309 | 39,928 | 30,180 | |
9905 |
65,002 | 83,960 | 60,309 | 39,928 | 30,180 | |
| Appropriation of the result | ||||||
9906 |
65,002 | 83,960 | 60,309 | 39,928 | 30,180 | |
791/2 |
148,962 | 60,309 | - | - | - | |
691/2 |
65,002 | 83,960 | 60,309 | 39,928 | 30,180 | |
6921 |
65,002 | 83,960 | 60,309 | 39,928 | 30,180 | |
694/7 |
148,962 | 60,309 | - | - | - | |
694 |
148,962 | 60,309 | - | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00200992 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00137600 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00119197 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00137054 | |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20068821 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €57 | €57 |
| 2022 | 1 | €781 | €781 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 126,283 | 111,126 | 79,097 | - | - | ||
| 66,239 | 84,268 | 60,403 | - | - | ||
| 7,438 | 0 | 1,540 | - | 1,000 | ||
| 22,519 | 35,859 | -81,546 | 58,455 | - | ||
| 65,769 | 155,930 | 131,971 | 72,108 | 32,180 | ||
| 42.1% | 75.8% | 74.7% | 69.1% | 69.1% | ||
| 1.65 | 4.11 | 3.92 | 3.21 | 3.17 | ||
| 1.38 | 0.32 | 0.34 | 0.45 | 0.45 | ||
| 88.9% | 53.5% | 45.2% | 54.6% | 91.0% | ||
| 37.4% | 40.5% | 33.8% | 37.7% | 62.9% | ||
| 3.12 | 95.24 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,438 | - | €1,540 | - | - |
| Financial fixed assets | - | - | - | - | €1,000 |
| €1,237 | €308 | €94 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total rises from 24.2% to 57.9%. Equity is lower and debt is higher.
YE engineering has no parent and no holdings in its annual accounts. YIGIT Erdal is the only director. YE engineering shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 2 February 2021, YE engineering was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 YIGIT Erdal has served as director since 2021.3 Total assets went from €47,985 in 2021 to €173,715 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Paul Vekemanslaan 23 registered office 2660 Antwerp | 02-02-2021 | 2.312.636.287 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11019B0241/00Y000 | 224 m² | 1 · 54 m² | 9.9 m · 3 |
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