YGREC
ActiveYGREC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €5k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 60% of 4355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+65
Solvency86▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 3.67 in 2023; short-term debt: 18.7% and cash: 47.9% of total assets), and 39.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.8%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
4 d early
2021
19 d late
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€59k▲ 8.2%
2023 · €55k
2018: €54k
2019: €60k
2020: €57k
2021: €57k
2022: €61k
2023: €55k
2018 → 2024
Total assets
€97k▲ 2.7%
2023 · €95k
2018: €82k
2019: €89k
2020: €89k
2021: €81k
2022: €78k
2023: €95k
2018 → 2024
Net result
€5k
2023 · €-7k
2018: €7k
2019: €6k
2020: €-3k
2021: €374
2022: €4k
2023: €-7k
2018 → 2024
Working capital
€46k▲ 22.7%
2023 · €37k
2018: €41k
2019: €39k
2020: €40k
2021: €48k
2022: €49k
2023: €37k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€57k▲ 0.7%€61k▲ 7.1%€55k▼ 10.7%€59k▲ 8.2%
Operating result€-2k-€824€7k▲ 796%€-8k€9k
Net result€-3k-€374€4k▲ 984%€-7k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €8k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€33k▼ 23.2%
Current assets
€64k▲ 24.5%
Equity and liabilities €97k
Equity
€59k▲ 8.2%
Debt
€38k▼ 4.8%
The debt ratio falls from 42.3% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2023 · €-89
Cash flow
€16k▲
2023 · €1k
Solvency
60.8%▲
2023 · 57.7%
Current ratio
3.53▼
2023 · 3.67
Quick ratio
3.53▼
2023 · 3.67
Debt / equity
0.64▼
2023 · 0.73
ROE
7.6%▲
2023 · -12.0%
ROA
4.6%▲
2023 · -6.9%
Interest coverage
7.31▲
2023 · -0.14
Debt
€38k▼
2023 · €40k
Debt ≤ 1 year
€18k▲
2023 · €14k
Debt > 1 year
€20k▼
2023 · €26k
Income taxes
€2k▲
2023 · €-566
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€95k€97k▲
Fixed assets21/28€43k€33k▼
Tangible fixed assets22/27€43k€33k▼
Furniture and vehicles24€8k€5k▼
Leasing and similar rights25€35k€28k▼
Other tangible fixed assets26€702€561▼
Current assets29/58€51k€64k▲
Amounts receivable within one year40/41€23k€14k▼
Trade receivables40€23k€14k▼
Other amounts receivable41-€350
Cash at bank and in hand54/58€27k€47k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€95k€97k▲
Equity10/15€55k€59k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Tax-exempt reserves132€142€142=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€34k€39k▲
Amounts payable17/49€40k€38k▼
Amounts payable after more than one year17€26k€20k▼
Financial debts170/4€26k€20k▼
Amounts payable within one year42/48€14k€18k▲
Current portion of amounts payable after more than one year42€7k€6k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€5k€5k▲
Other amounts payable47/48-€5k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€2k€21k▲
Operating profit (loss)9901€-8k€9k▲
Financial income75/76B€1k€11▼
Recurring financial income75€1k€11▼
Financial charges65/66B€640€3k▲
Recurring financial charges65€640€3k▲
Profit (loss) for the period before taxes9903€-7k€6k▲
Income taxes67/77€-566€2k▲
Profit (loss) for the period9904€-7k€5k▲
Profit (loss) for the period to be appropriated9905€-7k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€39k▲
Profit (loss) brought forward from the previous period14P€41k€34k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼263%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Back to profitnet €374
Net result €374 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jette · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopold I straat 4131090 JetteGround area
91 m²
Building footprint
91 m²
Volume, LiDAR
673 m³
Parcel 21463D0283/00R046, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
YGREC
since 20002.094.150.321
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0283/00R046 | Brussels | 91 m² | 1 · 91 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FVH Photography
BE 0715.970.955
Antwerpen · Eq €59k
Olive Design Agency
BE 0846.429.225
Knokke-Heist · Eq €61k
HOGI
BE 0480.201.270
Bornem · Eq €61k
C + C Folon
BE 0422.832.304
Etterbeek · Eq €62k
Messidor
BE 0712.914.366
Sint-Gillis (bij-Brussel) · Eq €57k
Of 982 companies in sector 74209 we hold annual accounts for 143. 114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2000
Fiscal year end31-12
Activities, NACEBEL
74209Other photographic activities
74812
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.