YET MODE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 4 filings
Turnover
≈ €180,000
Estimated: probably between €64,000 and €370,000
Total assets
€45,309▲ 21.4%
2024 · €37,319
Net result
€7,795▼ 54.5%
2024 · €17,143
Working capital
€25,179▲ 47.5%
2024 · €17,070
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€14,776
▼ 54.8%
2025
20222025
Net result
€7,795
▼ 54.5%
2025
middle half of the sector
20222025
Equity
€26,121
▲ 42.5%
2025
middle half of the sector
20222025
Total assets
€45,309
▲ 21.4%
2025
lowest quarter of the sector
20222025
Debt
€19,188
▲ 1.0%
2025
20222025
Working capital
€25,179
▲ 47.5%
2025
middle half of the sector
20222025
Solvency
57.6%
▲ 8.5pp
2025
middle half of the sector
20222025
Current ratio
2.31
▲ 0.41
2025
middle half of the sector
20222025
Return on assets (ROA)
17.2%
▼ 28.7pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€22,164-€16,668▼ 24.8%€32,658▲ 95.9%€14,776▼ 54.8%
Net result€20,356within the sector's middle half-€10,566within the sector's middle half▼ 48.1%€17,143within the sector's middle half▲ 62.2%€7,795within the sector's middle half▼ 54.5%
Equity-€9,384below the sector's middle half-€1,182below the sector's middle half€18,325within the sector's middle half▲ 15×€26,121within the sector's middle half▲ 42.5%
Total assets€42,483below the sector's middle half-€43,412below the sector's middle half▲ 2.2%€37,319below the sector's middle half▼ 14.0%€45,309below the sector's middle half▲ 21.4%
Debt€51,867-€42,230▼ 18.6%€18,993▼ 55.0%€19,188▲ 1.0%
Working capital-€8,053within the sector's middle half-€1,235within the sector's middle half€17,070within the sector's middle half▲ 14×€25,179within the sector's middle half▲ 47.5%
Solvency-22.1%below the sector's middle half-2.7%below the sector's middle half▲ 24.8pp49.1%within the sector's middle half▲ 46.4pp57.6%within the sector's middle half▲ 8.5pp
Current ratio0.84below the sector's middle half-1.03within the sector's middle half▲ 0.191.90within the sector's middle half▲ 0.872.31within the sector's middle half▲ 0.41
Return on assets (ROA)47.9%above the sector's middle half-24.3%above the sector's middle half▼ 23.6pp45.9%above the sector's middle half▲ 21.6pp17.2%above the sector's middle half▼ 28.7pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 55% lower than in 2024 and the lowest since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,309
Fixed assets
€942 ▼ 25.0%
Current assets
€44,367 ▲ 23.0%
Equity and liabilities €45,309
Equity
€26,121 ▲ 42.5%
Debt
€19,188 ▲ 1.0%
Debt's share of the balance-sheet total falls from 50.9% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,090▼
2024 · €32,972
Cash flow
€8,109▼
2024 · €17,457
Quick ratio
0.76▲
2024 · 0.49
Debt to equity
0.73▼
2024 · 1.04
ROE
29.8%▼
2024 · 93.5%
Interest coverage
6.09▲
2024 · 4.66
Debt ≤ 1 year
€19,188▲
2024 · €18,993
Income taxes
€4,793▼
2024 · €8,565
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,569 | - |
| Depreciation and write-downs of the year | €1,415 | - | €314 | €314 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,415 | - | €314 | €314 | = |
| Other operating charges640/8 | €1,088 | €961 | €661 | €1,715 | ▲ 159% |
| Gross operating margin9900 | €24,666 | €17,629 | €33,633 | €16,806 | ▼ 50.0% |
| Operating profit (loss)9901 | €22,164 | €16,668 | €32,658 | €14,776 | ▼ 54.8% |
| Financial income75/76B | €674 | €179 | €120 | €291 | ▲ 142% |
| Recurring financial income75 | €674 | €179 | €120 | €291 | ▲ 142% |
| Financial charges65/66B | €2,402 | €2,244 | €7,071 | €2,479 | ▼ 64.9% |
| Recurring financial charges65 | €2,402 | €2,244 | €7,071 | €2,479 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €20,436 | €14,603 | €25,708 | €12,588 | ▼ 51.0% |
| Income taxes67/77 | €80 | €4,036 | €8,565 | €4,793 | ▼ 44.0% |
| Profit (loss) for the period9904 | €20,356 | €10,566 | €17,143 | €7,795 | ▼ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €20,356 | €10,566 | €17,143 | €7,795 | ▼ 54.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €42,483 | €43,412 | €37,319 | €45,309 | ▲ 21.4% |
| Fixed assets21/28 | - | - | €1,256 | €942 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | - | €1,256 | €942 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | €1,256 | €942 | ▼ 25.0% |
| Current assets29/58 | €42,483 | €43,412 | €36,063 | €44,367 | ▲ 23.0% |
| Stocks and contracts in progress3 | €20,798 | €23,793 | €26,797 | €29,804 | ▲ 11.2% |
| Stocks30/36 | €20,798 | €23,793 | €26,797 | €29,804 | ▲ 11.2% |
| Amounts receivable within one year40/41 | - | - | €3,017 | €17 | ▼ 99.4% |
| Other amounts receivable41 | - | - | €3,017 | €17 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €15,769 | €17,071 | €5,785 | €13,489 | ▲ 133% |
| Deferred charges and accrued income490/1 | €5,916 | €2,548 | €464 | €1,057 | ▲ 128% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €42,483 | €43,412 | €37,319 | €45,309 | ▲ 21.4% |
| Equity10/15 | -€9,384 | €1,182 | €18,325 | €26,121 | ▲ 42.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €498 | €498 | €16,325 | €24,121 | ▲ 47.8% |
| Non-distributable reserves130/1 | €400 | €400 | - | - | - |
| Other1319 | €400 | €400 | - | - | - |
| Distributable reserves133 | €98 | €98 | €16,325 | €24,121 | ▲ 47.8% |
| Profit (loss) carried forward14 | -€11,882 | -€1,316 | - | - | - |
| Amounts payable17/49 | €51,867 | €42,230 | €18,993 | €19,188 | ▲ 1.0% |
| Amounts payable after more than one year17 | €1,288 | - | - | - | - |
| Financial debts170/4 | €1,288 | - | - | - | - |
| Amounts payable within one year42/48 | €50,536 | €42,177 | €18,993 | €19,188 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | €5,082 | €1,288 | - | - | - |
| Financial debts43 | €4,925 | €592 | - | - | - |
| Credit institutions430/8 | €4,925 | €592 | - | - | - |
| Trade debts44 | €7,497 | €4,717 | €2,035 | €10,152 | ▲ 399% |
| Suppliers440/4 | €7,497 | €4,717 | €2,035 | €10,152 | ▲ 399% |
| Taxes, remuneration and social security45 | €7,438 | €16,133 | €16,930 | €8,785 | ▼ 48.1% |
| Taxes450/3 | €7,438 | €16,133 | €16,930 | €8,785 | ▼ 48.1% |
| Other amounts payable47/48 | €25,594 | €19,446 | €28 | €251 | ▲ 794% |
| Accrued charges and deferred income492/3 | €43 | €53 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,356 | €10,566 | €17,143 | €7,795 | ▼ 54.5% |
| + Depreciation and write-downs630 | €1,415 | - | €314 | €314 | = |
| Operating cash flow (approximation) | €21,770 | €10,566 | €17,457 | €8,109 | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €1,302 | -€11,286 | €7,704 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as YET MODE has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of YET MODE itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for YET MODE. 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.