YFA
ActiveSummary
The computed 12-month bankruptcy probability of YFA is 3.8% (moderate). The 2024 annual accounts show equity of €145,661 and a net result of €16,866. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 36380 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+5
Solvency67▼-5
Growth35=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.87 in 2023; short-term debt: 58% and cash: 0.5% of total assets), but 58% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
56 d late
2022
238 d late
2021
149 d late
2020
153 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 134 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€153,657▼ 35.5%
2021 · €238,120
EBIT margin
16.2%▼ 20.0pp
2021 · 36.2%
Net result
€16,866▲ 508%
2023 · €2,772
Working capital
€136,747▲ 7.3%
2023 · €127,483
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€192,612▼ 15.7%€238,120▲ 23.6%€153,657▼ 35.5%
Operating result€39,728▼ 56.4%€86,218▲ 117%€24,952▼ 71.1%€15,185▼ 39.1%€27,744▲ 82.7%
Net result€29,286above the sector's middle half▼ 63.8%€76,900above the sector's middle half▲ 163%€14,740within the sector's middle half▼ 80.8%€2,772within the sector's middle half▼ 81.2%€16,866within the sector's middle half▲ 508%
EBIT margin20.6%▼ 19.2pp36.2%▲ 15.6pp16.2%▼ 20.0pp
Equity€74,383within the sector's middle half▲ 64.9%€111,283within the sector's middle half▲ 49.6%€126,023within the sector's middle half▲ 13.2%€128,795within the sector's middle half▲ 2.2%€145,661above the sector's middle half▲ 13.1%
Total assets€191,420within the sector's middle half▲ 63.4%€264,426within the sector's middle half▲ 38.1%€260,084within the sector's middle half▼ 1.6%€276,154within the sector's middle half▲ 6.2%€347,089above the sector's middle half▲ 25.7%
Debt€117,037▲ 62.5%€153,143▲ 30.9%€134,060▼ 12.5%€147,358▲ 9.9%€201,428▲ 36.7%
Working capital€74,383▲ 64.9%€111,283▲ 49.6%€123,661▲ 11.1%€127,483▲ 3.1%€136,747▲ 7.3%
Solvency38.9%within the sector's middle half▲ 0.4pp42.1%within the sector's middle half▲ 3.2pp48.5%within the sector's middle half▲ 6.4pp46.6%within the sector's middle half▼ 1.8pp42.0%within the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 83% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €347,089
Fixed assets
€8,914 ▲ 579%
Current assets
€338,174 ▲ 23.0%
Equity and liabilities €347,089
Equity
€145,661 ▲ 13.1%
Debt
€201,428 ▲ 36.7%
Debt's share of the balance-sheet total rises from 53.4% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,303▲
2023 · €16,235
Cash flow
€19,424▲
2023 · €3,822
Current ratio
1.68▼
2023 · 1.87
Debt to equity
1.38▲
2023 · 1.14
ROE
11.6%▲
2023 · 2.2%
ROA
4.9%▲
2023 · 1.0%
Interest coverage
14.20▲
2023 · 6.57
Debt ≤ 1 year
€201,428▲
2023 · €147,358
Income taxes
€9,587▼
2023 · €9,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,047 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €192,612 | €238,120 | €153,657 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €150,699 | €120,126 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €115 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €788 | €1,050 | €2,559 | ▲ 144% |
| Other operating charges640/8 | - | €1,203 | €7,677 | €1,840 | €1,396 | ▼ 24.1% |
| Gross operating margin9900 | €41,065 | €87,421 | €33,531 | €18,075 | €31,699 | ▲ 75.4% |
| Operating profit (loss)9901 | €39,728 | €86,218 | €24,952 | €15,185 | €27,744 | ▲ 82.7% |
| Financial income75/76B | - | €6,539 | €9,674 | €1 | €842 | ▲ 103,890% |
| Recurring financial income75 | - | €6,539 | €9,659 | €1 | €842 | ▲ 103,890% |
| Non-recurring financial income76B | - | - | €15 | - | - | - |
| Financial charges65/66B | - | €2,439 | €19,885 | €2,473 | €2,134 | ▼ 13.7% |
| Recurring financial charges65 | €1,942 | €2,439 | €2,753 | €2,473 | €2,134 | ▼ 13.7% |
| Non-recurring financial charges66B | - | - | €17,132 | - | - | - |
| Profit (loss) for the period before taxes9903 | €37,786 | €90,317 | €14,740 | €12,713 | €26,452 | ▲ 108% |
| Income taxes67/77 | €8,500 | €13,416 | - | €9,941 | €9,587 | ▼ 3.6% |
| Profit (loss) for the period9904 | €29,286 | €76,900 | €14,740 | €2,772 | €16,866 | ▲ 508% |
| Profit (loss) for the period to be appropriated9905 | €29,286 | €76,900 | €14,740 | €2,772 | €16,866 | ▲ 508% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,420 | €264,426 | €260,084 | €276,154 | €347,089 | ▲ 25.7% |
| Fixed assets21/28 | - | - | €2,363 | €1,313 | €8,914 | ▲ 579% |
| Tangible fixed assets22/27 | - | - | €2,363 | €1,313 | €8,914 | ▲ 579% |
| Furniture and vehicles24 | - | - | €2,363 | €1,313 | €8,914 | ▲ 579% |
| Current assets29/58 | €191,420 | €264,426 | €257,721 | €274,841 | €338,174 | ▲ 23.0% |
| Amounts receivable after more than one year29 | - | €40,707 | €40,707 | €40,707 | €40,707 | = |
| Other amounts receivable291 | - | €40,707 | €40,707 | €40,707 | €40,707 | = |
| Stocks and contracts in progress3 | €110 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €145,054 | €213,113 | €216,566 | €228,590 | €295,508 | ▲ 29.3% |
| Trade receivables40 | - | €71,011 | €56,301 | €79,553 | €82,611 | ▲ 3.8% |
| Other amounts receivable41 | - | €142,102 | €160,265 | €149,037 | €212,897 | ▲ 42.8% |
| Cash at bank and in hand54/58 | €5,547 | €10,606 | €448 | €5,544 | €1,899 | ▼ 65.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €60 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,420 | €264,426 | €260,084 | €276,154 | €347,089 | ▲ 25.7% |
| Equity10/15 | €74,383 | €111,283 | €126,023 | €128,795 | €145,661 | ▲ 13.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €66,323 | €103,223 | €117,963 | €120,735 | €137,601 | ▲ 14.0% |
| Amounts payable17/49 | €117,037 | €153,143 | €134,060 | €147,358 | €201,428 | ▲ 36.7% |
| Amounts payable within one year42/48 | €117,037 | €153,143 | €134,060 | €147,358 | €201,428 | ▲ 36.7% |
| Financial debts43 | - | €14,716 | €14,720 | €14,862 | €15,483 | ▲ 4.2% |
| Credit institutions430/8 | - | €14,716 | €14,720 | €14,862 | €15,483 | ▲ 4.2% |
| Trade debts44 | €36,420 | €22,846 | €14,254 | €12,530 | €41,980 | ▲ 235% |
| Suppliers440/4 | - | €22,846 | €14,254 | €12,530 | €41,980 | ▲ 235% |
| Taxes, remuneration and social security45 | - | €31,582 | €23,086 | €28,466 | €38,265 | ▲ 34.4% |
| Taxes450/3 | - | €31,582 | €23,086 | €28,466 | €38,265 | ▲ 34.4% |
| Other amounts payable47/48 | - | €84,000 | €82,000 | €91,500 | €105,700 | ▲ 15.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,286 | €76,900 | €14,740 | €2,772 | €16,866 | ▲ 508% |
| + Depreciation and write-downs630 | - | - | €788 | €1,050 | €2,559 | ▲ 144% |
| Operating cash flow (approximation) | €29,286 | €76,900 | €15,528 | €3,822 | €19,424 | ▲ 408% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€10,161 | - |
| Change in cash | - | €5,058 | -€10,157 | €5,096 | -€3,645 | ▼ 172% |
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
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 238 days late
2023
31-12
Financial
Weakest financial yearnet €2,772 ▼81.2%
Net result drops to €2,772, the lowest in the series; recovery starts the following year.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 149 days late
2021
31-12
Financial
Equity above €100,000Eq €111,283 ▲49.6%
3 profitable years in a row build equity to €111,283.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2018
Ground area
739 m²
Building footprint
421 m²
Volume, LiDAR
5,817 m³
Parcel 21816G0087/00D003, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
YFA
since 20182.280.353.895
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0087/00D003 | Brussels | 739 m² | 1 · 421 m² | 16.8 m · 5 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 4,269 companies in sector 43230 we hold annual accounts for 1,239. 1,029 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 (pre-2019)
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
43350Other building finishing work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707662609
Also
9925:BE0707662609
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.