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Yi Pin

Active
Private limited companyfounded 20215 yrs activeBoondaalse Steenweg 356, 1050 Elsene, BelgiumKBO/BCE: BE 0768.604.739
Summary

The computed 12-month bankruptcy probability of Yi Pin is 7.2% (elevated). The 2024 annual accounts show equity of €36,944 and a net result of €14,026. Equity is growing by ~79.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 1762 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-7
Solvency87▲+28
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.97 against 1.29 in 2023; short-term debt: 38.3% and cash: 31.3% of total assets), and 38.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
61.7%
Return on assets
23.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
116 d late
2023
141 d late
2022
53 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 103 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 May 2021, Yi Pin was incorporated as a Private limited company.1 Total assets went from EUR 32,749 in 2022 to EUR 59,877 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€231,449▼ 13.3%
2023 · €266,921
EBIT margin
6.1%▼ 5.1pp
2023 · 11.3%
Net result
€14,026▼ 37.0%
2023 · €22,261
Working capital
€22,283▲ 69.1%
2023 · €13,175
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€266,921€231,449▼ 13.3%
Operating result€2,635-€30,132▲ 1,043%€14,221▼ 52.8%
Net result€556within the sector's middle half-€22,261within the sector's middle half▲ 3,902%€14,026within the sector's middle half▼ 37.0%
EBIT margin11.3%6.1%▼ 5.1pp
Equity€656within the sector's middle half-€22,918within the sector's middle half▲ 3,392%€36,944within the sector's middle half▲ 61.2%
Total assets€32,749below the sector's middle half-€67,765below the sector's middle half▲ 107%€59,877below the sector's middle half▼ 11.6%
Debt€32,092-€44,848▲ 39.7%€22,934▼ 48.9%
Working capital-€4,324within the sector's middle half-€13,175within the sector's middle half€22,283within the sector's middle half▲ 69.1%
Solvency2.0%within the sector's middle half-33.8%within the sector's middle half▲ 31.8pp61.7%above the sector's middle half▲ 27.9pp
Current ratio0.87within the sector's middle half-1.29within the sector's middle half▲ 0.431.97above the sector's middle half▲ 0.68
Return on assets (ROA)1.7%within the sector's middle half-32.9%above the sector's middle half▲ 31.2pp23.4%above the sector's middle half▼ 9.4pp
Staff (FTE)1.7-
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €2,635€2,635Net result 2022: €556€556Operating result 2023: €30,132€30,132Net result 2023: €22,261€22,261Operating result 2024: €14,221€14,221Net result 2024: €14,026€14,026202220232024€0€10,000€20,000€30,000Operating result 2022: €2,635€2,640Net result 2022: €556€556Operating result 2023: €30,132€30,100Net result 2023: €22,261€22,300Operating result 2024: €14,221€14,200Net result 2024: €14,026€14,000202220232024
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,877
Fixed assets €14,661 ▲ 50.5%
Current assets €45,217 ▼ 22.1%
Equity and liabilities €59,877
Equity €36,944 ▲ 61.2%
Debt €22,934 ▼ 48.9%
Debt's share of the balance-sheet total falls from 66.2% to 38.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16,937▼
2023 · €30,425
Cash flow
€16,742▼
2023 · €22,555
Quick ratio
1.71▲
2023 · 1.20
Debt to equity
0.62▼
2023 · 1.96
ROE
38.0%▼
2023 · 97.1%
Interest coverage
86.89▲
2023 · 22.87
Debt ≤ 1 year
€22,934▼
2023 · €44,848
Staff costs
€43,610▼
2023 · €66,214
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 26,975 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€67,765€59,877▼
Fixed assets21/28€9,743€14,661▲
Tangible fixed assets22/27€7,243€12,161▲
Plant, machinery and equipment23€1,142€5,671▲
Furniture and vehicles24€2,748€2,095▼
Other tangible fixed assets26€3,352€4,394▲
Financial fixed assets28€2,500€2,500=
Current assets29/58€58,023€45,217▼
Stocks and contracts in progress3€4,345€5,888▲
Stocks30/36€4,345€5,888▲
Amounts receivable within one year40/41€6,395€19,897▲
Trade receivables40-€12,704
Other amounts receivable41€6,395€7,193▲
Cash at bank and in hand54/58€45,503€18,759▼
Deferred charges and accrued income490/1€1,779€673▼
Equity and liabilities
Total equity and liabilities10/49€67,765€59,877▼
Equity10/15€22,918€36,944▲
Contributions10/11€100€100=
Reserves13€556€556=
Distributable reserves133€556€556=
Profit (loss) carried forward14€22,261€36,287▲
Amounts payable17/49€44,848€22,934▼
Amounts payable within one year42/48€44,848€22,934▼
Trade debts44€14,130€2,118▼
Suppliers440/4€14,130€2,118▼
Taxes, remuneration and social security45€30,718€20,816▼
Taxes450/3€21,712€10,917▼
Remuneration and social security454/9€9,006€9,898▲
Income statement Code20232024
Turnover70€266,921€231,449▼
Non-recurring operating income76A€157€533▲
Goods, raw materials, services and sundry goods60/61€169,210€155,411▼
Remuneration, social security and pensions62€66,214€43,610▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€294€2,716▲
Other operating charges640/8€1,229€16,024▲
Gross operating margin9900€97,869€76,570▼
Operating profit (loss)9901€30,132€14,221▼
Financial income75/76B€74-
Recurring financial income75€74-
Financial charges65/66B€7,945€195▼
Recurring financial charges65€1,330€195▼
Non-recurring financial charges66B€6,614-
Profit (loss) for the period before taxes9903€22,261€14,026▼
Profit (loss) for the period9904€22,261€14,026▼
Profit (loss) for the period to be appropriated9905€22,261€14,026▼
Appropriation of the result
Profit (loss) to be appropriated9906€22,261€36,287▲
Profit (loss) brought forward from the previous period14P-€22,261

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70-€266,921€231,449▼ 13.3%
Non-recurring operating income76A-€157€533▲ 239%
Goods, raw materials, services and sundry goods60/61-€169,210€155,411▼ 8.2%
Remuneration, social security and pensions62€52,314€66,214€43,610▼ 34.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20€294€2,716▲ 825%
Other operating charges640/8€1,735€1,229€16,024▲ 1,204%
Gross operating margin9900€56,704€97,869€76,570▼ 21.8%
Operating profit (loss)9901€2,635€30,132€14,221▼ 52.8%
Financial income75/76B€248€74--
Recurring financial income75€248€74--
Financial charges65/66B€1,625€7,945€195▼ 97.5%
Recurring financial charges65€1,625€1,330€195▼ 85.3%
Non-recurring financial charges66B-€6,614--
Profit (loss) for the period before taxes9903€1,259€22,261€14,026▼ 37.0%
Income taxes67/77€702---
Profit (loss) for the period9904€556€22,261€14,026▼ 37.0%
Profit (loss) for the period to be appropriated9905€556€22,261€14,026▼ 37.0%
Line202220232024Change
Assets
Total assets20/58€32,749€67,765€59,877▼ 11.6%
Fixed assets21/28€4,980€9,743€14,661▲ 50.5%
Tangible fixed assets22/27€2,480€7,243€12,161▲ 67.9%
Plant, machinery and equipment23-€1,142€5,671▲ 396%
Furniture and vehicles24-€2,748€2,095▼ 23.7%
Other tangible fixed assets26€2,480€3,352€4,394▲ 31.1%
Financial fixed assets28€2,500€2,500€2,500=
Current assets29/58€27,768€58,023€45,217▼ 22.1%
Stocks and contracts in progress3€4,345€4,345€5,888▲ 35.5%
Stocks30/36€4,345€4,345€5,888▲ 35.5%
Amounts receivable within one year40/41€4,705€6,395€19,897▲ 211%
Trade receivables40--€12,704-
Other amounts receivable41€4,705€6,395€7,193▲ 12.5%
Cash at bank and in hand54/58€18,718€45,503€18,759▼ 58.8%
Deferred charges and accrued income490/1-€1,779€673▼ 62.2%
Equity and liabilities
Total equity and liabilities10/49€32,749€67,765€59,877▼ 11.6%
Equity10/15€656€22,918€36,944▲ 61.2%
Contributions10/11€100€100€100=
Reserves13€556€556€556=
Distributable reserves133€556€556€556=
Profit (loss) carried forward14-€22,261€36,287▲ 63.0%
Amounts payable17/49€32,092€44,848€22,934▼ 48.9%
Amounts payable within one year42/48€32,092€44,848€22,934▼ 48.9%
Trade debts44€10,478€14,130€2,118▼ 85.0%
Suppliers440/4€10,478€14,130€2,118▼ 85.0%
Taxes, remuneration and social security45€21,614€30,718€20,816▼ 32.2%
Taxes450/3€14,589€21,712€10,917▼ 49.7%
Remuneration and social security454/9€7,025€9,006€9,898▲ 9.9%
Line202220232024Change
Profit (loss) for the period9904€556€22,261€14,026▼ 37.0%
+ Depreciation and write-downs630€20€294€2,716▲ 825%
Operating cash flow (approximation)€576€22,555€16,742▼ 25.8%
Investment in fixed assets (approximation)--€5,056-€7,634▼ 51.0%
Change in cash-€26,785-€26,744▼ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 116 days late
2024
19-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 141 days late
2023
31-12
Financial Highest result since 2022net €22,261 ▲3,902%
Operating result €30,132, net result €22,261, both a record.
22-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 53 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, Elsene · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
98 m²
Building footprint
79 m²
Volume, LiDAR
814 m³
Parcel 21445C0234/00Z030, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Yi Pin
Boondaalse Steenweg 356, 1050 ElseneFood and beverage service activities
since 20212.317.876.069
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21445C0234/00Z030 Brussels 98 m² 1 · 79 m² 15.8 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Elsene2.317.876.069
1 permission
Toelating · Eetgelegenheid · since 19-07-2021

Similar companies · same sector, comparable size

Of 21,835 companies in sector 56112 we hold annual accounts for 9,777. 8,447 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
Founded20-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0768604739
Also 9925:BE0768604739
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.