Summary
YMFA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.0m and a net result of €33,048. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 52% of 3,018 sector peers (NACE 64, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €2.0m
- Profit
- €33,048
- Holdings
- 1
- MASKENS YvesChair
- MUTIHINDA-BAMBE BanonDirector
- PALACIO CHAMIE JavierDirector
Signalsraises risk2025 accounts filed 31 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €33,048
- Equity above €2mequity €2.0m ▲1.7%
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491147.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is nearly 3.7 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,522 | €169,471 | €171,763 | €154,598 | €155,415 | €160,063 | €150,457 | €137,227 | ▼ 8.8% |
| Other operating charges640/8 | - | - | - | €16,885 | €22,030 | €19,809 | €20,540 | €21,316 | ▲ 3.8% |
| Gross operating margin9900 | €187,827 | €165,438 | €208,285 | €182,376 | €186,999 | €173,071 | €199,552 | €262,866 | ▲ 31.7% |
| Operating profit (loss)9901 | €11,507 | -€19,542 | €22,467 | €10,893 | €9,554 | -€6,801 | €28,556 | €104,324 | ▲ 265% |
| Financial income75/76B | - | - | - | €10,264 | €38,552 | €15,735 | €25,269 | €10,269 | ▼ 59.4% |
| Recurring financial income75 | €140,700 | €23,116 | €76,380 | €10,264 | €38,552 | €15,735 | €25,269 | €10,269 | ▼ 59.4% |
| Financial charges65/66B | - | - | - | €53,678 | €53,538 | €68,678 | €91,940 | €67,507 | ▼ 26.6% |
| Recurring financial charges65 | €122,512 | €117,489 | €78,979 | €53,678 | €53,538 | €68,678 | €91,940 | €67,507 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €29,695 | -€113,915 | €19,868 | -€32,521 | -€5,432 | -€59,744 | -€38,115 | €47,085 | - |
| Transfer from deferred taxes780 | - | - | - | €14,906 | €14,906 | €14,906 | €14,906 | €14,906 | = |
| Income taxes67/77 | - | €351 | €804 | €6,160 | €6,230 | - | €925 | €28,944 | ▲ 31× |
| Profit (loss) for the period9904 | €49,869 | -€60,004 | €33,970 | -€23,774 | €3,245 | -€44,837 | -€24,134 | €33,048 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €44,719 | €44,719 | €44,719 | €44,719 | €44,719 | = |
| Profit (loss) for the period to be appropriated9905 | €89,047 | €69,177 | €78,690 | €20,945 | €47,964 | -€118 | €20,585 | €77,767 | ▲ 278% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.9m | €4.7m | €3.7m | €3.3m | €3.5m | €3.4m | €3.3m | €3.2m | ▼ 4.2% |
| Fixed assets21/28 | €4.8m | €4.7m | €3.5m | €3.3m | €3.2m | €3.2m | €3.1m | €3.0m | ▼ 3.9% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.5m | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 10.2% |
| Land and buildings22 | - | - | - | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 10.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.002m | €0.001m | ▼ 40.7% |
| Financial fixed assets28 | €3.0m | €3.0m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Current assets29/58 | €0.1m | €0.03m | €0.3m | €0.01m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 8.0% |
| Amounts receivable within one year40/41 | €0.09m | €0.02m | €0.3m | - | €0.3m | €0.2m | €0.1m | €0.1m | ▲ 23.5% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.001m | €0.005m | - | - |
| Other amounts receivable41 | - | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | ▲ 28.6% |
| Cash at bank and in hand54/58 | €0.01m | €0.008m | €0.02m | €0.006m | €0.02m | €0.008m | €0.05m | €0.002m | ▼ 95.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.02m | €0.04m | €0.04m | €0.04m | ▲ 7.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.9m | €4.7m | €3.7m | €3.3m | €3.5m | €3.4m | €3.3m | €3.2m | ▼ 4.2% |
| Equity10/15 | €2.0m | €2.0m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | €2.0m | ▲ 1.7% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | - | - | - | €2.0m | €2.0m | - | - | - | - |
| Issued capital100 | - | - | - | €2.0m | €2.0m | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €2.0m | €2.0m | = |
| Other1109/19 | - | - | - | - | - | - | €2.0m | €2.0m | = |
| Reserves13 | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 13.0% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 13.1% |
| Distributable reserves133 | - | - | - | - | - | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.5m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | -€0.3m | ▲ 22.1% |
| Provisions and deferred taxes16 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 13.1% |
| Deferred taxes168 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 13.1% |
| Amounts payable17/49 | €2.6m | €2.5m | €1.5m | €1.1m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 12.8% |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €0.005m | €0.002m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 8.9% |
| Other amounts payable178/9 | - | - | - | €0.002m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 8.9% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.5m | €1.1m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 12.2% |
| Trade debts44 | - | €0.005m | - | €495 | €0.003m | - | €0.002m | €0.001m | ▼ 18.3% |
| Suppliers440/4 | - | - | - | €495 | €0.003m | - | €0.002m | €0.001m | ▼ 18.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €0.003m | €0.003m | €0.03m | ▲ 11× |
| Taxes450/3 | - | - | - | €0.03m | €0.009m | €0.003m | €0.002m | €0.03m | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | - | €0.001m | - | €287 | €110 | ▼ 61.8% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.2m | €1.2m | €1.1m | €0.9m | ▼ 14.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.05m | €0.07m | €0.1m | €0.07m | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | -€0.06m | €0.03m | -€0.02m | €0.003m | -€0.04m | -€0.02m | €0.03m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 8.8% |
| Operating cash flow (approximation) | €0.2m | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 34.8% |
| Investment in fixed assets (approximation) | - | -€0.07m | €1.1m | -€0.02m | -€0.06m | -€0.1m | -€0.1m | -€0.01m | ▲ 89.1% |
| Change in cash | - | -€0.005m | €0.009m | -€0.01m | €0.02m | -€0.01m | €0.04m | -€0.05m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00491147 |
| 31-12-2024 | full format | 27-06-2025 | 2025-00185121 |
| 31-12-2023 | full format | 15-07-2024 | 2024-00243418 |
| 31-12-2022 | full format | 30-08-2023 | 2023-00376767 |
| 31-12-2021 | full format | 19-07-2022 | 2022-20197882 |
| 31-12-2020 | full format | 31-08-2021 | 2021-58300521 |
| 31-12-2019 | full format | 30-06-2020 | 2020-22300290 |
| 31-12-2018 | full format | 02-07-2019 | 2019-26200561 |
| 31-12-2017 | full format | 07-08-2018 | 2018-43500327 |
| 31-12-2016 | full format | 25-07-2017 | 2017-34700168 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MASKENS Yves |
|
| MUTIHINDA-BAMBE Banon |
|
| PALACIO CHAMIE Javier |
|
| Gilles Faerman |
|
Owners and capital
Capital and shareholders
- 18-01-2024 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
83%
According to the 2025 annual accounts of YMFA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
10-07
Gazette deed
Resignation: Gilles Faerman (director)2 facts ▸
- General meeting, 16-05-2024
- Director resignation, Gilles Faerman
18-01
Gazette deed
Reappointments: MASKENS Yves, FAERMAN Gilles and 2 othersAppointment: MASKENS Yves (chair) · Auditor report · Legal-form conversion21 facts ▸
- General meeting, 22-11-2023
- Other provision, “formalités préalables transformation en SRL, PREMIERE RESOLUTION” (deed in French)
- Other provision, “rapport organe d’administration sur projet transformation, DEUXIÈME RÉSOLUTION” (deed in French)
- Auditor report, EUR, 2066033.52
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
- Other provision, “suppression compte indisponible, rendre fonds disponibles pour distribution” (deed in French)
- Other provision, 33000, “répartition actions après transformation” (deed in French)
- General meeting, 4, “SEPTIÈME RÉSOLUTION : RENOUVELLEMENT DU MANDAT DES ADMINISTRATEURS” (deed in French)
- Director reappointment, MASKENS Yves (director)
- Director reappointment, FAERMAN Gilles (director)
- Director reappointment, PALACIO CHAMIE Javier (director)
- +9 further facts in this act
Show earlier events
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21362B0273/00M007 | Brussels | 339 m² | 1 · 144 m² | 22.8 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat,tant en pleine propriété ou en usufruit,la vente,le location,la valorisation,la rénovation,la prise en concession de tout immeuble…” (deed in French)
6 activities (deed in French)
- L’achat,tant en pleine propriété ou en usufruit,la vente,le location,la valorisation,la rénovation,la prise en concession de tout immeuble commercial ou non
- La prise de participation dans les sociétés immobilières,industrielles et commerciales,cotées ou non cotées
- Toutes opérations commerciales,industrielles et financières,immobilières et mobilières,se rapportant directement ou indirectement à son objet ou susceptibles de favoriser son développement
- Exercer la fonction de secrétaire d’association professionnelles
- Prendre la direction et le contrôle,en sa qualité d’administrateur,liquidateur ou autrement,de sociétés affiliées ou filiales,et leur prodiguer des avis
- Par voie d’apport en espèces ou en nature,de fusion,de souscription,de participation,d’intervention financière ou autrement,prendre des participations dans d’autres sociétés ou entreprises existantes ou à créer,que ce soit en Belgique ou à l’étranger,dont l’objet serait semblable ou analogue au sien ou de nature à favoriser son objet
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- YMFA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établir ou supprimer sièges administratifs,agences,ateliers,dépôts et succursales tant en Belgique qu’à…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Conseil d'administration collégial, sans préavis” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d’actions, cessions entre vifs à titre…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of May
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateurs en fonction si aucun autre liquidateur désigné” (deed in French)