Yo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 14 filings
Turnover
≈ €150,000
Estimated: probably between €77,000 and €310,000
EBIT margin
Not included in this filing
Net result
-€114,715▲ 20.9%
2024 · -€145,083
Working capital
€22,717
2024 · -€25,952
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€114,529
▲ 21.0%
2025
20192025
Net result
-€114,715
▲ 20.9%
2025
lowest quarter of the sector
20192025
Equity
-€1.4m
▼ 8.9%
2025
lowest quarter of the sector
20192025
Total assets
€3.0m
▼ 3.7%
2025
highest quarter of the sector
20192025
Debt
€4.4m
=
2025
20192025
Working capital
€22,717
2025
middle half of the sector
20192025
Solvency
-47.3%
▼ 5.5pp
2025
lowest quarter of the sector
20192025
Current ratio
1.15
▲ 0.33
2025
middle half of the sector
20192025
Return on assets (ROA)
-3.9%
▲ 0.8pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.002m--€0.2m▼ 11,139%-€0.1m▲ 25.7%-€0.08m▲ 45.4%-€0.08m▼ 11.3%-€0.1m▼ 72.2%-€0.1m▲ 21.0%
Net result-€0.4m-€0.1mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 5.3%-€0.09mbelow the sector's middle half▲ 13.8%-€0.1mbelow the sector's middle half▼ 53.2%-€0.1mbelow the sector's middle half▲ 20.9%
Equity-€0.9m--€0.8mbelow the sector's middle half▲ 10.8%-€0.9mbelow the sector's middle half▼ 12.5%-€1.1mbelow the sector's middle half▼ 11.7%-€1.1mbelow the sector's middle half▼ 9.0%-€1.3mbelow the sector's middle half▼ 12.7%-€1.4mbelow the sector's middle half▼ 8.9%
Total assets€3.4m-€4.0mwithin the sector's middle half▲ 14.8%€3.9mwithin the sector's middle half▼ 2.5%€3.4mwithin the sector's middle half▼ 12.5%€3.2mabove the sector's middle half▼ 4.3%€3.1mabove the sector's middle half▼ 4.7%€3.0mabove the sector's middle half▼ 3.7%
Debt€4.4m-€4.8m▲ 9.4%€4.8m▲ 0.1%€4.4m▼ 7.8%€4.4m▼ 1.1%€4.4m▼ 0.2%€4.4m=
Working capital-€0.3m--€3.7mbelow the sector's middle half▼ 1,095%-€3.6mbelow the sector's middle half▲ 2.1%€0.07mwithin the sector's middle half€0.07mwithin the sector's middle half▲ 0.2%-€0.03mwithin the sector's middle half€0.02mwithin the sector's middle half
Solvency-27.2%--21.1%below the sector's middle half▲ 6.1pp-24.4%below the sector's middle half▼ 3.2pp-31.1%below the sector's middle half▼ 6.7pp-35.4%below the sector's middle half▼ 4.3pp-41.9%below the sector's middle half▼ 6.5pp-47.3%below the sector's middle half▼ 5.5pp
Current ratio0.92-0.11below the sector's middle half▼ 0.810.13below the sector's middle half▲ 0.021.84within the sector's middle half▲ 1.711.80within the sector's middle half▼ 0.040.82within the sector's middle half▼ 0.981.15within the sector's middle half▲ 0.33
Return on assets (ROA)-12.3%-2.5%within the sector's middle half▲ 14.8pp-2.7%below the sector's middle half▼ 5.2pp-3.3%below the sector's middle half▼ 0.6pp-2.9%below the sector's middle half▲ 0.3pp-4.7%below the sector's middle half▼ 1.8pp-3.9%below the sector's middle half▲ 0.8pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 a loss of €114,529, smaller than the loss of €145,048 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.8m ▼ 5.5%
Current assets
€170,846 ▲ 40.0%
Equity and liabilities
Equity-€1.4m
Debt€4.4m
Equity is negative. Debt (€4.4m) exceeds the balance-sheet total (€3.0m).
Key figures and ratios
EBITDA
€47,888▲
2024 · €16,884
Cash flow
€47,702▲
2024 · €16,849
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€148,129▲
2024 · €148,024
Debt > 1 year
€4.2m=
2024 · €4.2m
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €8,007 | €55,177 | - |
| Depreciation and write-downs of the year | €156,499 | €156,759 | €161,932 | €162,417 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €36,844 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €22,628 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €95,714 | €180,574 | €156,499 | €156,759 | €161,932 | €162,417 | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €31,149 | - | - |
| Other operating charges640/8 | - | - | - | €7,505 | €12,996 | €15,306 | €9,757 | ▼ 36.3% |
| Gross operating margin9900 | -€1,662 | €31,099 | €52,009 | €88,332 | €85,504 | €63,339 | €57,645 | ▼ 9.0% |
| Operating profit (loss)9901 | -€1,662 | -€186,747 | -€138,701 | -€75,673 | -€84,252 | -€145,048 | -€114,529 | ▲ 21.0% |
| Recurring financial income75 | €28,129 | €608,871 | €34,962 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €794 | €0 | €35 | €186 | ▲ 430% |
| Recurring financial charges65 | €450,167 | €313,220 | €575 | €794 | €0 | €35 | €186 | ▲ 430% |
| Profit (loss) for the period before taxes9903 | -€423,699 | €108,905 | -€104,314 | -€76,467 | -€84,252 | -€145,083 | -€114,715 | ▲ 20.9% |
| Income taxes67/77 | - | €7,924 | - | €33,358 | €10,420 | - | - | - |
| Profit (loss) for the period9904 | -€423,699 | €100,980 | -€104,314 | -€109,825 | -€94,671 | -€145,083 | -€114,715 | ▲ 20.9% |
| Profit (loss) for the period to be appropriated9905 | -€423,699 | €100,980 | -€104,314 | -€109,825 | -€94,671 | -€145,083 | -€114,715 | ▲ 20.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.4m | €4.0m | €3.9m | €3.4m | €3.2m | €3.1m | €3.0m | ▼ 3.7% |
| Fixed assets21/28 | - | €3.5m | €3.3m | €3.2m | €3.1m | €3.0m | €2.8m | ▼ 5.5% |
| Tangible fixed assets22/27 | - | €3.5m | €3.3m | €3.2m | €3.1m | €3.0m | €2.8m | ▼ 5.5% |
| Land and buildings22 | - | - | - | €3.2m | €3.1m | €2.9m | €2.8m | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.05m | €0.04m | ▼ 11.0% |
| Current assets29/58 | €3.4m | €0.4m | €0.5m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 40.0% |
| Amounts receivable within one year40/41 | €3.4m | €0.4m | €0.4m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Trade receivables40 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Cash at bank and in hand54/58 | €268 | €0.05m | €0.09m | €0.1m | €0.1m | €0.05m | €0.06m | ▲ 19.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.01m | €0.02m | €0.06m | ▲ 177% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.4m | €4.0m | €3.9m | €3.4m | €3.2m | €3.1m | €3.0m | ▼ 3.7% |
| Equity10/15 | -€0.9m | -€0.8m | -€0.9m | -€1.1m | -€1.1m | -€1.3m | -€1.4m | ▼ 8.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€1.0m | -€0.9m | -€1.0m | -€1.1m | -€1.2m | -€1.4m | -€1.5m | ▼ 8.4% |
| Amounts payable17/49 | €4.4m | €4.8m | €4.8m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.6m | €4.3m | €4.3m | €4.2m | €4.2m | = |
| Other amounts payable178/9 | - | - | - | €4.3m | €4.3m | €4.2m | €4.2m | = |
| Amounts payable within one year42/48 | €3.8m | €4.2m | €4.2m | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 0.1% |
| Trade debts44 | €0.1m | €0.08m | €0.08m | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 0.1% |
| Suppliers440/4 | - | - | - | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 0.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€423,699 | €100,980 | -€104,314 | -€109,825 | -€94,671 | -€145,083 | -€114,715 | ▲ 20.9% |
| + Depreciation and write-downs630 | - | €95,714 | €180,574 | €156,499 | €156,759 | €161,932 | €162,417 | ▲ 0.3% |
| Operating cash flow (approximation) | -€423,699 | €196,695 | €76,260 | €46,674 | €62,088 | €16,849 | €47,702 | ▲ 183% |
| Investment in fixed assets (approximation) | - | - | €0 | -€36,844 | -€8,007 | -€55,177 | €0 | - |
| Change in cash | - | €49,734 | €44,147 | €12,041 | -€6,514 | -€52,718 | €9,102 | - |
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, 1,216 companies had the same profile as Yo has now. Two years later, 95.7% were still going and 1.1% had gone bankrupt.
- Small
- 10 to 20 years old
- negative equity
- a small loss
95.7%
was still going
2.6%
stopped otherwise
1.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Yo itself: 0.3% within 12 months.
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 1,216 companies, not a prediction for Yo. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00023542 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00024054 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00013641 | |
| 30-06-2022 | full format | 31-03-2023 | 2023-00052243 | |
| 30-06-2021 | full format | 07-03-2022 | 2022-07200409 | |
| 30-06-2020 | full format | 07-03-2022 | 2022-07200234 | |
| 30-06-2019 | micro format | 15-05-2020 | 2020-12400388 | |
| 30-06-2018 | micro format | 15-05-2020 | 2020-12400352 | |
| 30-06-2017 | micro format | 13-12-2018 | 2018-74400073 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03300254 |