YIPIKAYE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-06-2026 PDF all 7 filings
Turnover
≈ €180,000
Estimated: probably between €150,000 and €220,000
Total assets
€359,254▲ 12.6%
2024 · €318,920
Net result
€30,118▲ 83.6%
2024 · €16,406
Working capital
€30,099
2024 · -€7,104
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€50,577
▲ 58.2%
2025
20192025
Net result
€30,118
▲ 83.6%
2025
middle half of the sector
20192025
Equity
€134,884
▲ 28.7%
2025
middle half of the sector
20192025
Total assets
€359,254
▲ 12.6%
2025
middle half of the sector
20192025
Debt
€224,370
▲ 4.8%
2025
20192025
Working capital
€30,099
2025
middle half of the sector
20192025
Solvency
37.5%
▲ 4.7pp
2025
middle half of the sector
20192025
Current ratio
1.45
▲ 0.62
2025
middle half of the sector
20192025
Return on assets (ROA)
8.4%
▲ 3.2pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€17,872-€30,582▲ 71.1%€40,437▲ 32.2%€40,973▲ 1.3%€33,502▼ 18.2%€31,976▼ 4.6%€50,577▲ 58.2%
Net result€13,205-€23,172within the sector's middle half▲ 75.5%€30,276within the sector's middle half▲ 30.7%€24,001within the sector's middle half▼ 20.7%€21,023within the sector's middle half▼ 12.4%€16,406within the sector's middle half▼ 22.0%€30,118within the sector's middle half▲ 83.6%
Equity€25,605-€48,776within the sector's middle half▲ 90.5%€79,052within the sector's middle half▲ 62.1%€103,053within the sector's middle half▲ 30.4%€88,360within the sector's middle half▼ 14.3%€104,765within the sector's middle half▲ 18.6%€134,884within the sector's middle half▲ 28.7%
Total assets€49,368-€99,625below the sector's middle half▲ 102%€141,889below the sector's middle half▲ 42.4%€352,431within the sector's middle half▲ 148%€333,522within the sector's middle half▼ 5.4%€318,920within the sector's middle half▼ 4.4%€359,254within the sector's middle half▲ 12.6%
Debt€23,764-€50,848▲ 114%€62,837▲ 23.6%€249,379▲ 297%€245,162▼ 1.7%€214,154▼ 12.6%€224,370▲ 4.8%
Working capital€20,527-€41,199within the sector's middle half▲ 101%€59,141within the sector's middle half▲ 43.5%€58,576within the sector's middle half▼ 1.0%€2,331within the sector's middle half▼ 96.0%-€7,104below the sector's middle half€30,099within the sector's middle half
Solvency51.9%-49.0%within the sector's middle half▼ 2.9pp55.7%within the sector's middle half▲ 6.8pp29.2%within the sector's middle half▼ 26.5pp26.5%within the sector's middle half▼ 2.7pp32.9%within the sector's middle half▲ 6.4pp37.5%within the sector's middle half▲ 4.7pp
Current ratio1.86-1.81within the sector's middle half▼ 0.051.95within the sector's middle half▲ 0.141.74within the sector's middle half▼ 0.211.04within the sector's middle half▼ 0.700.83below the sector's middle half▼ 0.211.45within the sector's middle half▲ 0.62
Return on assets (ROA)26.7%-23.3%above the sector's middle half▼ 3.5pp21.3%above the sector's middle half▼ 1.9pp6.8%within the sector's middle half▼ 14.5pp6.3%within the sector's middle half▼ 0.5pp5.1%within the sector's middle half▼ 1.2pp8.4%within the sector's middle half▲ 3.2pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 58% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €359,254
Fixed assets
€262,421 ▼ 7.7%
Current assets
€96,833 ▲ 179%
Equity and liabilities €359,254
Equity
€134,884 ▲ 28.7%
Debt
€224,370 ▲ 4.8%
Debt's share of the balance-sheet total falls from 67.1% to 62.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72,352▲
2024 · €51,299
Cash flow
€51,893▲
2024 · €35,729
Debt to equity
1.66▼
2024 · 2.04
ROE
22.3%▲
2024 · 15.7%
Interest coverage
9.72▲
2024 · 6.31
Debt ≤ 1 year
€66,734▲
2024 · €41,828
Debt > 1 year
€157,633▼
2024 · €172,326
Income taxes
€13,019▲
2024 · €7,441
Staff costs
€1,664
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €186,816 | €88,655 | €37,829 | - |
| Financial fixed assets | €12,000 | €11,841 | - | - | - |
| Depreciation and write-downs of the year | €1,538 | €511 | €9,987 | €19,323 | €21,775 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €1,664 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,214 | €2,823 | €1,538 | €511 | €9,987 | €19,323 | €21,775 | ▲ 12.7% |
| Other operating charges640/8 | - | - | €1,081 | €2,218 | €1,406 | €1,208 | €1,219 | ▲ 0.9% |
| Gross operating margin9900 | €21,205 | €34,420 | €43,056 | €43,702 | €44,896 | €52,507 | €75,235 | ▲ 43.3% |
| Operating profit (loss)9901 | €17,872 | €30,582 | €40,437 | €40,973 | €33,502 | €31,976 | €50,577 | ▲ 58.2% |
| Financial income75/76B | - | - | €2,641 | €592 | €4,157 | - | €0 | - |
| Recurring financial income75 | €0 | €323 | €2,641 | €592 | €248 | - | €0 | - |
| Non-recurring financial income76B | - | - | - | - | €3,909 | - | - | - |
| Financial charges65/66B | - | - | €542 | €5,059 | €8,077 | €8,129 | €7,440 | ▼ 8.5% |
| Recurring financial charges65 | €645 | €850 | €542 | €5,059 | €8,077 | €8,129 | €7,440 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €17,227 | €30,056 | €42,536 | €36,506 | €29,582 | €23,847 | €43,137 | ▲ 80.9% |
| Income taxes67/77 | €4,023 | €6,884 | €12,260 | €12,506 | €8,559 | €7,441 | €13,019 | ▲ 74.9% |
| Profit (loss) for the period9904 | €13,205 | €23,172 | €30,276 | €24,001 | €21,023 | €16,406 | €30,118 | ▲ 83.6% |
| Profit (loss) for the period to be appropriated9905 | €13,205 | €23,172 | €30,276 | €24,001 | €21,023 | €16,406 | €30,118 | ▲ 83.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €49,368 | €99,625 | €141,889 | €352,431 | €333,522 | €318,920 | €359,254 | ▲ 12.6% |
| Fixed assets21/28 | €5,077 | €7,577 | €20,216 | €214,477 | €265,689 | €284,196 | €262,421 | ▼ 7.7% |
| Tangible fixed assets22/27 | €4,827 | €2,004 | €466 | €186,771 | €265,439 | €283,946 | €262,171 | ▼ 7.7% |
| Land and buildings22 | - | - | - | €186,750 | €178,660 | €170,570 | €162,480 | ▼ 4.7% |
| Furniture and vehicles24 | - | - | €466 | €21 | - | €25,391 | €18,122 | ▼ 28.6% |
| Other tangible fixed assets26 | - | - | - | - | €86,779 | €87,984 | €81,569 | ▼ 7.3% |
| Financial fixed assets28 | €250 | €5,573 | €19,750 | €27,706 | €250 | €250 | €250 | = |
| Current assets29/58 | €44,291 | €92,048 | €121,673 | €137,955 | €67,833 | €34,724 | €96,833 | ▲ 179% |
| Amounts receivable within one year40/41 | €826 | €26,794 | €12,235 | €42,852 | €12,932 | €19,442 | €22,496 | ▲ 15.7% |
| Trade receivables40 | - | - | €11,392 | €42,852 | €12,932 | €19,442 | €22,496 | ▲ 15.7% |
| Other amounts receivable41 | - | - | €843 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €43,077 | €59,416 | €105,180 | €90,247 | €29,964 | €10,242 | €70,407 | ▲ 587% |
| Deferred charges and accrued income490/1 | - | - | €4,258 | €4,855 | €24,936 | €5,040 | €3,930 | ▼ 22.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €49,368 | €99,625 | €141,889 | €352,431 | €333,522 | €318,920 | €359,254 | ▲ 12.6% |
| Equity10/15 | €25,605 | €48,776 | €79,052 | €103,053 | €88,360 | €104,765 | €134,884 | ▲ 28.7% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | €12,400 | €12,400 | €12,400 | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €660 | - | €30,936 | €54,937 | €75,960 | €92,365 | €122,484 | ▲ 32.6% |
| Non-distributable reserves130/1 | - | - | €660 | €660 | €660 | - | - | - |
| Legal reserve130 | - | - | €660 | €660 | €660 | - | - | - |
| Distributable reserves133 | - | - | €30,276 | €54,276 | €75,300 | €92,365 | €122,484 | ▲ 32.6% |
| Profit (loss) carried forward14 | €12,544 | €35,716 | €35,716 | €35,716 | - | - | - | - |
| Amounts payable17/49 | €23,764 | €50,848 | €62,837 | €249,379 | €245,162 | €214,154 | €224,370 | ▲ 4.8% |
| Amounts payable after more than one year17 | - | - | - | €170,000 | €179,660 | €172,326 | €157,633 | ▼ 8.5% |
| Financial debts170/4 | - | - | - | €170,000 | €179,660 | €172,326 | €157,633 | ▼ 8.5% |
| Amounts payable within one year42/48 | €23,764 | €50,848 | €62,532 | €79,379 | €65,501 | €41,828 | €66,734 | ▲ 59.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,360 | €20,872 | €14,693 | ▼ 29.6% |
| Trade debts44 | €873 | €674 | €63 | €26,448 | €22,778 | €644 | €2,590 | ▲ 302% |
| Suppliers440/4 | - | - | €63 | €26,448 | €22,778 | €644 | €2,590 | ▲ 302% |
| Taxes, remuneration and social security45 | - | - | €31,407 | €27,840 | €5,363 | €4,313 | €21,796 | ▲ 405% |
| Taxes450/3 | - | - | €21,407 | €22,840 | €5,363 | €4,313 | €18,783 | ▲ 336% |
| Remuneration and social security454/9 | - | - | €10,000 | €5,000 | - | - | €3,013 | - |
| Other amounts payable47/48 | - | - | €31,062 | €25,090 | €27,000 | €16,000 | €27,656 | ▲ 72.9% |
| Accrued charges and deferred income492/3 | - | - | €305 | - | - | - | €3 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,205 | €23,172 | €30,276 | €24,001 | €21,023 | €16,406 | €30,118 | ▲ 83.6% |
| + Depreciation and write-downs630 | €2,214 | €2,823 | €1,538 | €511 | €9,987 | €19,323 | €21,775 | ▲ 12.7% |
| Operating cash flow (approximation) | €15,418 | €25,995 | €31,814 | €24,512 | €31,010 | €35,729 | €51,893 | ▲ 45.2% |
| Investment in fixed assets (approximation) | - | -€5,323 | -€14,177 | -€194,772 | -€61,199 | -€37,829 | €0 | - |
| Change in cash | - | €16,339 | €45,764 | -€14,933 | -€60,283 | -€19,722 | €60,165 | - |
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, 26,972 companies had the same profile as YIPIKAYE has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YIPIKAYE itself is lower: < 0.1% within 12 months. It rests on far more data about YIPIKAYE than the profile alone.
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 26,972 companies, not a prediction for YIPIKAYE. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00146609 | |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00174764 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00132348 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00203756 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20122164 | |
| 31-12-2020 | abbreviated format | 09-08-2021 | 2021-47000340 | |
| 31-12-2019 | abbreviated format | 27-05-2020 | 2020-13300181 |