YellowGround
ActiveSummary
YellowGround has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.32M and a net result of €485k. Equity is growing by ~71.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency95▲+5
Growth83▼-2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 3.27 in 2024; short-term debt: 28.8% and cash: 1.4% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.1%
Return on assets
25.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
28 d late
2022
21 d late
2021
19 d late
2020
19 d early
2019
22 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.56M▼ 7.7%
2024 · €2.78M
EBIT margin
24.1%▲ 9.8pp
2024 · 14.3%
Net result
€485k▲ 51.3%
2024 · €321k
Working capital
€1.34M▲ 23.8%
2024 · €1.08M
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
Line20212022202320242025
Turnover€1.59M▼ 17.8%€2.40M▲ 50.5%€2.31M▼ 3.8%€2.78M▲ 20.2%€2.56M▼ 7.7%
Operating result€-11k€617k€599k▼ 2.9%€398k▼ 33.7%€617k▲ 55.2%
Net result€-21k€438k€446k▲ 1.9%€321k▼ 28.1%€485k▲ 51.3%
EBIT margin-0.7%▼ 9.6pp25.7%▲ 26.4pp26.0%▲ 0.2pp14.3%▼ 11.6pp24.1%▲ 9.8pp
Equity€72k▼ 22.5%€510k▲ 605%€791k▲ 55.1%€1.01M▲ 28.3%€1.32M▲ 30.6%
Total assets€377k▼ 22.8%€949k▲ 152%€1.56M▲ 64.2%€1.56M▲ 0.4%€1.89M▲ 20.9%
Debt€304k▼ 22.8%€439k▲ 44.1%€767k▲ 74.7%€549k▼ 28.4%€565k▲ 2.9%
Working capital€54k▼ 28.7%€491k▲ 811%€781k▲ 58.9%€1.08M▲ 38.2%€1.34M▲ 23.8%
Staff (FTE)11.3▼ 13.7%14.6▲ 29.2%16.3▲ 11.6%14.5▼ 11.0%15▲ 3.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€10k ▲ 5.1%
Current assets
€1.88M ▲ 21.0%
Equity and liabilities €1.89M
Equity
€1.32M ▲ 30.6%
Provisions
€658
Debt
€565k ▲ 2.9%
Debt's share of the balance-sheet total falls from 35.1% to 29.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€624k▲
2024 · €406k
Cash flow
€492k▲
2024 · €329k
Current ratio
3.45▲
2024 · 3.27
Debt to equity
0.43▼
2024 · 0.54
ROE
36.6%▲
2024 · 31.6%
ROA
25.7%▲
2024 · 20.5%
Interest coverage
25.49▲
2024 · 16.23
Debt ≤ 1 year
€545k▲
2024 · €475k
Income taxes
€133k▲
2024 · €83k
Staff costs
€1.11M▲
2024 · €1.06M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.59M | €2.40M | €2.31M | €2.78M | €2.56M | ▼ 7.7% |
| Non-recurring operating income76A | €207 | €165 | - | €207 | €315 | ▲ 52.4% |
| Goods, raw materials, services and sundry goods60/61 | €920k | €897k | €973k | €954k | €843k | ▼ 11.7% |
| Remuneration, social security and pensions62 | €692k | €955k | €1.09M | €1.06M | €1.11M | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €11k | €10k | €8k | €6k | ▼ 20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5k | - | - | €658 | - |
| Other operating charges640/8 | €3k | €4k | €5k | €7k | €5k | ▼ 27.3% |
| Non-recurring operating charges66A | €60 | - | - | €152 | - | - |
| Gross operating margin9900 | €696k | €1.59M | €1.71M | €1.47M | €1.74M | ▲ 18.7% |
| Operating profit (loss)9901 | €-11k | €617k | €599k | €398k | €617k | ▲ 55.2% |
| Financial income75/76B | €99 | €268 | €15k | €31k | €26k | ▼ 17.6% |
| Recurring financial income75 | €99 | €268 | €15k | €31k | €26k | ▼ 17.6% |
| Financial charges65/66B | €7k | €9k | €13k | €25k | €24k | ▼ 2.1% |
| Recurring financial charges65 | €7k | €9k | €13k | €25k | €24k | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €-18k | €608k | €602k | €404k | €619k | ▲ 53.1% |
| Income taxes67/77 | €3k | €170k | €156k | €83k | €133k | ▲ 59.8% |
| Profit (loss) for the period9904 | €-21k | €438k | €446k | €321k | €485k | ▲ 51.3% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €42k | - |
| Transfer to tax-exempt reserves689 | - | €42k | €84k | €105k | €63k | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €395k | €362k | €215k | €464k | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €377k | €949k | €1.56M | €1.56M | €1.89M | ▲ 20.9% |
| Fixed assets21/28 | €18k | €19k | €13k | €10k | €10k | ▲ 5.1% |
| Tangible fixed assets22/27 | €18k | €19k | €13k | €10k | €10k | ▲ 5.1% |
| Plant, machinery and equipment23 | €18k | €19k | €13k | €10k | €10k | ▲ 5.1% |
| Current assets29/58 | €358k | €930k | €1.54M | €1.55M | €1.88M | ▲ 21.0% |
| Stocks and contracts in progress3 | - | - | €11k | - | - | - |
| Contracts in progress37 | - | - | €11k | - | - | - |
| Amounts receivable within one year40/41 | €328k | €905k | €1.47M | €1.54M | €1.83M | ▲ 19.4% |
| Trade receivables40 | €236k | €366k | €467k | €485k | €442k | ▼ 8.7% |
| Other amounts receivable41 | €92k | €540k | €1.01M | €1.05M | €1.39M | ▲ 32.4% |
| Cash at bank and in hand54/58 | €25k | €15k | €41k | €10k | €27k | ▲ 181% |
| Deferred charges and accrued income490/1 | €6k | €10k | €18k | €8k | €19k | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €377k | €949k | €1.56M | €1.56M | €1.89M | ▲ 20.9% |
| Equity10/15 | €72k | €510k | €791k | €1.01M | €1.32M | ▲ 30.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €10k | €447k | €729k | €952k | €1.26M | ▲ 32.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €42k | €126k | €232k | €253k | ▲ 9.1% |
| Distributable reserves133 | €4k | €399k | €596k | €714k | €1.00M | ▲ 40.5% |
| Profit (loss) carried forward14 | €69 | €484 | €169 | €618 | €833 | ▲ 34.9% |
| Provisions and deferred taxes16 | - | - | - | - | €658 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €658 | - |
| Pensions and similar obligations160 | - | - | - | - | €658 | - |
| Amounts payable17/49 | €304k | €439k | €767k | €549k | €565k | ▲ 2.9% |
| Amounts payable within one year42/48 | €304k | €438k | €764k | €475k | €545k | ▲ 14.6% |
| Trade debts44 | €153k | €183k | €227k | €147k | €166k | ▲ 12.6% |
| Suppliers440/4 | €153k | €183k | €227k | €147k | €166k | ▲ 12.6% |
| Advances received on contracts in progress46 | - | €3k | - | - | - | - |
| Taxes, remuneration and social security45 | €68k | €242k | €352k | €217k | €189k | ▼ 13.0% |
| Taxes450/3 | €11k | €122k | €223k | €96k | €58k | ▼ 39.6% |
| Remuneration and social security454/9 | €57k | €121k | €129k | €120k | €130k | ▲ 8.2% |
| Other amounts payable47/48 | €83k | €10k | €185k | €111k | €190k | ▲ 71.2% |
| Accrued charges and deferred income492/3 | - | €621 | €3k | €74k | €20k | ▼ 72.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €438k | €446k | €321k | €485k | ▲ 51.3% |
| + Depreciation and write-downs630 | €13k | €11k | €10k | €8k | €6k | ▼ 20.3% |
| Operating cash flow (approximation) | €-8k | €449k | €456k | €329k | €492k | ▲ 49.6% |
| Investment in fixed assets (approximation) | - | €-12k | €-4k | €-5k | €-7k | ▼ 48.6% |
| Change in cash | - | €-10k | €26k | €-31k | €18k | ▲ 157% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Highest result since 2018net €485k ▲51.3%
Net result €485k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Equity above €1MEq €1.01M ▲28.3%
3 profitable years in a row build equity to €1.01M.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Back to profitnet €438k
Net result €438k after one loss-making year.
31-12
Financial
Equity above €500kEq €510k ▲605%
Equity rises from €72k to €510k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €127k
Net result €127k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hasselt · 1 establishment unit since 2017
Ground area
4,206 m²
Building footprint
3,726 m²
Volume, LiDAR
63,723 m³
Parcel 71322A0540/00D003, Flanders · tallest building 31.0 m, ±6 floors. Linked by address, not a title deed.
53
companies at this address
See who is registered here
1 establishment unit
YellowGround
since 20172.269.911.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0540/00D003 | Flanders | 4,205 m² | 1 · 3,726 m² | 31.0 m · 6 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 30,002 companies in sector 62200 we hold annual accounts for 18,390. 6,977 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.