YILMAZ CONSTRUCTIONS

Active

Private limited companyfounded 20215 yrs activeHoge Bokstraat 113A, 9111 Sint-Niklaas, BelgiumKBO/BCE: BE 0770.493.467

The computed 12-month bankruptcy probability of YILMAZ CONSTRUCTIONS is 3.2% (moderate). The 2024 annual accounts show equity of €6k and a net result of €-64k. Equity is shrinking by ~42.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 22% of 19344 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 100

Critical▼ -46 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency18▼-14

Growth32▼-20

Stability94

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.27 against 1.12 in 2023), and 98.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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

1.7%

Return on assets

-17.4%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 19344 sector peers (2024).

NBB · sector comparison

Position among 19344 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

41 d late

2023

29 d late

2022

29 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€6k▼ 91.3%

2023 · €70k

2022: €41k 2023: €70k

2022 → 2024

Total assets

€367k▲ 14.7%

2023 · €320k

2022: €138k 2023: €320k

2022 → 2024

Net result

€-64k

2023 · €29k

2022: €52k 2023: €29k

2022 → 2024

Working capital

€61k▲ 166%

2023 · €23k

2022: €20k 2023: €23k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€41k-€70k▲ 72.0%€6k▼ 91.3%

Operating result€66k-€47k▼ 28.5%€-49k

Net result€52k-€29k▼ 43.9%€-64k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €49k after €47k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €367k

21.3%

78.7%

Fixed assets €78k▼ 27.1%

Current assets €289k▲ 35.7%

Equity and liabilities €367k

98.3%

Equity €6k▼ 91.3%

Debt €361k▲ 44.4%

The debt ratio rises from 78.1% to 98.3%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-11k▼

2023 · €69k

Cash flow

€-26k▼

2023 · €51k

Solvency

1.7%▼

2023 · 21.9%

Current ratio

1.27▲

2023 · 1.12

Quick ratio

0.80▼

2023 · 1.12

Debt / equity

59.57▲

2023 · 3.57

ROA

-17.4%▼

2023 · 9.2%

Interest coverage

-0.75▼

2023 · 13.96

Debt

€361k▲

2023 · €250k

Debt ≤ 1 year

€228k▲

2023 · €190k

Debt > 1 year

€130k▲

2023 · €60k

Income taxes

€0▼

2023 · €14k

Staff costs

€303k▲

2023 · €260k

A ratio outside any meaningful range has been withheld (balance sheet total €367k, equity €6k).

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€320k€367k▲

Fixed assets21/28€107k€78k▼

Tangible fixed assets22/27€94k€65k▼

Plant, machinery and equipment23€20k€22k▲

Furniture and vehicles24€74k€43k▼

Financial fixed assets28€13k€13k=

Current assets29/58€213k€289k▲

Amounts receivable after more than one year29€16k€6k▼

Other amounts receivable291€16k€6k▼

Stocks and contracts in progress3-€107k

Contracts in progress37-€107k

Amounts receivable within one year40/41€137k€124k▼

Trade receivables40€135k€86k▼

Other amounts receivable41€2k€37k▲

Cash at bank and in hand54/58€58k€50k▼

Deferred charges and accrued income490/1€2k€2k▼

Equity and liabilities

Total equity and liabilities10/49€320k€367k▲

Equity10/15€70k€6k▼

Contributions10/11€4k€4k=

Reserves13€58k€58k=

Distributable reserves133€58k€58k=

Profit (loss) carried forward14€9k€-55k▼

Amounts payable17/49€250k€361k▲

Amounts payable after more than one year17€60k€130k▲

Financial debts170/4€60k€130k▲

Amounts payable within one year42/48€190k€228k▲

Current portion of amounts payable after more than one year42€17k€20k▲

Financial debts43€9k€0▼

Other loans439€9k€0▼

Trade debts44€88k€159k▲

Suppliers440/4€88k€159k▲

Taxes, remuneration and social security45€60k€41k▼

Taxes450/3€20k€0▼

Remuneration and social security454/9€40k€41k▲

Other amounts payable47/48€16k€8k▼

Accrued charges and deferred income492/3-€3k

Income statement Code20232024

Remuneration, social security and pensions62€260k€303k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€38k▲

Other operating charges640/8€6k€35k▲

Gross operating margin9900€335k€326k▼

Operating profit (loss)9901€47k€-49k▼

Financial income75/76B€623€482▼

Recurring financial income75€623€482▼

Financial charges65/66B€5k€15k▲

Recurring financial charges65€5k€15k▲

Profit (loss) for the period before taxes9903€43k€-64k▼

Income taxes67/77€14k€0▼

Profit (loss) for the period9904€29k€-64k▼

Profit (loss) for the period to be appropriated9905€29k€-64k▼

Appropriation of the result

Profit (loss) to be appropriated9906€38k€-55k▼

Profit (loss) brought forward from the previous period14P€9k€9k=

Transfer to equity691/2€29k€0▼

To other reserves6921€29k€0▼

Profit to be distributed694/7€0-

Directors or managers695€0-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

10-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 41 days late

2024

31-12

Financial Weakest financial yearnet €-64k ▼318%

Net result drops to €-64k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro 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, Sint-Niklaas · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Hoge Bokstraat 113A9111 Sint-Niklaas

Ground area

406 m²

Building footprint

85 m²

Volume, LiDAR

762 m³

Parcel 46002B0994/00S000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

YILMAZ CONSTRUCTIONS

Hoge Bokstraat 113A, 9111 Sint-NiklaasGeneral construction of buildings

since 20212.321.460.319

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46002B0994/00S000	Flanders	406 m²	1 · 85 m²	11.7 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

Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 4,159 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-06-2021

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.