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YP Projects

Open bankruptcy
Private limited company (pre-2019)founded 2017KBO/BCE: BE 0685.386.954

A bankruptcy procedure is open for YP Projects according to publications in the Belgian State Gazette; curator: NANCY VANNUETEN.

Summary

The 2021 annual accounts show negative equity (-€34,704) and a net result of -€69,758.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Mechelen division
Declared bankrupt
29 January 2024
Supervising judge
Marie-Claire De Coninck
Official Gazette
02-02-2024 (pdf) ↗search the document for 2024/103994

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-08-2022, 22 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
22 d late
2020
16 d early
2019
46 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 27 November 2017, YP Projects was incorporated.1 Total assets went from EUR 112,272 in 2018 to EUR 118,163 in 2021 and headcount from 0.7 to 10.6 full-time equivalents.2 The company was declared bankrupt on 29 January 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 02-02-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€34,704
2020 · €35,054
Total assets
€118,163▼ 35.0%
2020 · €181,838
Net result
-€69,758
2020 · €22,553
Working capital
-€72,295▼ 284%
2020 · -€18,825
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result-€27,400-€30,715€25,076▼ 18.4%-€66,215
Net result-€34,209-€28,109€22,553▼ 19.8%-€69,758
Equity-€15,609-€12,501€35,054▲ 180%-€34,704
Total assets€112,272-€126,518▲ 12.7%€181,838▲ 43.7%€118,163▼ 35.0%
Debt€127,881-€114,017▼ 10.8%€146,784▲ 28.7%€152,866▲ 4.1%
Working capital-€48,618--€23,189▲ 52.3%-€18,825▲ 18.8%-€72,295▼ 284%
Staff (FTE)0.7-1.5▲ 114%1.5=10.6▲ 607%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2018: -€27,400-€27,400Net result 2018: -€34,209-€34,209Operating result 2019: €30,715€30,715Net result 2019: €28,109€28,109Operating result 2020: €25,076€25,076Net result 2020: €22,553€22,553Operating result 2021: -€66,215-€66,215Net result 2021: -€69,758-€69,7582018201920202021-€100,000-€50,000€0€50,000Operating result 2019: €30,715€30,700Net result 2019: €28,109€28,100Operating result 2020: €25,076€25,100Net result 2020: €22,553€22,600Operating result 2021: -€66,215-€66,200Net result 2021: -€69,758-€69,800201920202021
The operating result turns negative in 2021: a loss of €66,215 after €25,076 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €118,163
Fixed assets €68,597 ▼ 17.3%
Current assets €49,566 ▼ 49.9%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€46,182▼
2020 · €42,518
Cash flow
-€49,724▼
2020 · €39,996
Solvency
-29.4%▼
2020 · 19.3%
Current ratio
0.41▼
2020 · 0.84
Quick ratio
0.26▼
2020 · 0.32
Debt to equity
-4.40▼
2020 · 0.83
ROA
-59.0%▼
2020 · 12.4%
Interest coverage
-12.74
Debt ≤ 1 year
€121,861▲
2020 · €117,732
Debt > 1 year
€31,005▲
2020 · €29,052
Staff costs
€98,120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 45 lines
Balance sheet Code20202021
Assets
Total assets20/58€181,838€118,163▼
Fixed assets21/28€82,931€68,597▼
Tangible fixed assets22/27€82,931€68,597▼
Plant, machinery and equipment23-€56,289
Furniture and vehicles24-€10,797
Other tangible fixed assets26-€1,511
Current assets29/58€98,907€49,566▼
Stocks and contracts in progress3€61,614€17,385▼
Stocks30/36-€17,385
Amounts receivable within one year40/41€10,395€20,460▲
Other amounts receivable41-€20,460
Cash at bank and in hand54/58€25,898€8,877▼
Deferred charges and accrued income490/1-€2,843
Equity and liabilities
Total equity and liabilities10/49€181,838€118,163▼
Equity10/15€35,054-€34,704▼
Contributions10/11-€18,600
Reserves13€16,454€16,454=
Distributable reserves133-€16,454
Profit (loss) carried forward14-€34,209-€69,758▼
Amounts payable17/49€146,784€152,866▲
Amounts payable after more than one year17€29,052€31,005▲
Financial debts170/4-€31,005
Amounts payable within one year42/48€117,732€121,861▲
Current portion of amounts payable after more than one year42-€20,345
Financial debts43-€32,514
Credit institutions430/8-€32,514
Trade debts44€847€35,554▲
Suppliers440/4-€35,554
Taxes, remuneration and social security45-€7,790
Taxes450/3-€111
Remuneration and social security454/9-€7,679
Other amounts payable47/48-€25,658
Income statement Code20202021
Remuneration, social security and pensions62-€98,120
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,442€20,034▲
Other operating charges640/8-€3,473
Gross operating margin9900€116,223€55,411▼
Operating profit (loss)9901€25,076-€66,215▼
Financial income75/76B-€81
Recurring financial income75€0€81▲
Financial charges65/66B-€3,624
Recurring financial charges65€2,523€3,624▲
Profit (loss) for the period before taxes9903€22,553-€69,758▼
Profit (loss) for the period9904€22,553-€69,758▼
Profit (loss) for the period to be appropriated9905€22,553-€69,758▼
Appropriation of the result
Profit (loss) to be appropriated9906--€69,758

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€98,120-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,692€15,930€17,442€20,034▲ 14.9%
Other operating charges640/8---€3,473-
Gross operating margin9900-€2,795€90,848€116,223€55,411▼ 52.3%
Operating profit (loss)9901-€27,400€30,715€25,076-€66,215▼ 364%
Financial income75/76B---€81-
Recurring financial income75€0€102€0€81▲ 203,475%
Financial charges65/66B---€3,624-
Recurring financial charges65€6,395€2,441€2,523€3,624▲ 43.7%
Profit (loss) for the period before taxes9903-€33,795€28,376€22,553-€69,758▼ 409%
Income taxes67/77€413€267---
Profit (loss) for the period9904-€34,209€28,109€22,553-€69,758▼ 409%
Profit (loss) for the period to be appropriated9905-€34,209€28,109€22,553-€69,758▼ 409%
Line2018201920202021Change
Assets
Total assets20/58€112,272€126,518€181,838€118,163▼ 35.0%
Fixed assets21/28€91,147€80,430€82,931€68,597▼ 17.3%
Tangible fixed assets22/27€91,147€80,430€82,931€68,597▼ 17.3%
Plant, machinery and equipment23---€56,289-
Furniture and vehicles24---€10,797-
Other tangible fixed assets26---€1,511-
Current assets29/58€21,125€46,088€98,907€49,566▼ 49.9%
Stocks and contracts in progress3€8,369€21,671€61,614€17,385▼ 71.8%
Stocks30/36---€17,385-
Amounts receivable within one year40/41€3,426€2,451€10,395€20,460▲ 96.8%
Other amounts receivable41---€20,460-
Cash at bank and in hand54/58€9,330€21,966€25,898€8,877▼ 65.7%
Deferred charges and accrued income490/1---€2,843-
Equity and liabilities
Total equity and liabilities10/49€112,272€126,518€181,838€118,163▼ 35.0%
Equity10/15-€15,609€12,501€35,054-€34,704▼ 199%
Contributions10/11€18,600€18,600-€18,600-
Reserves13--€16,454€16,454=
Distributable reserves133---€16,454-
Profit (loss) carried forward14-€34,209-€6,099-€34,209-€69,758▼ 104%
Amounts payable17/49€127,881€114,017€146,784€152,866▲ 4.1%
Amounts payable after more than one year17€58,138€43,741€29,052€31,005▲ 6.7%
Financial debts170/4---€31,005-
Amounts payable within one year42/48€69,743€69,277€117,732€121,861▲ 3.5%
Current portion of amounts payable after more than one year42---€20,345-
Financial debts43---€32,514-
Credit institutions430/8---€32,514-
Trade debts44€22,022€24,967€847€35,554▲ 4,099%
Suppliers440/4---€35,554-
Taxes, remuneration and social security45---€7,790-
Taxes450/3---€111-
Remuneration and social security454/9---€7,679-
Other amounts payable47/48---€25,658-
Line2018201920202021Change
Profit (loss) for the period9904-€34,209€28,109€22,553-€69,758▼ 409%
+ Depreciation and write-downs630€9,692€15,930€17,442€20,034▲ 14.9%
Operating cash flow (approximation)-€24,516€44,039€39,996-€49,724▼ 224%
Investment in fixed assets (approximation)--€5,212-€19,943-€5,700▲ 71.4%
Change in cash-€12,636€3,932-€17,021▼ 533%

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

Download as CSV

Timeline · acts, filings and financial milestones

2024
02-02
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 29-01-2024
2022
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial Weakest financial yearnet -€69,758
Net result drops to -€69,758, the lowest in the series.
15-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €28,109
Net result €28,109 after one loss-making year.
29-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, Nijlen · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
2,258 m²
Building footprint
260 m²
Volume, LiDAR
1,271 m³
Parcel 12026C0739/00D000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Bistro Glym
Food and beverage service activities
since 20172.271.417.029
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12026C0739/00D000 Flanders 2,258 m² 1 · 260 m² 10.1 m · 2 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator NANCY VANNUETEN
LIERBAAN 209, 2580 PUTTE-
29-01-2024 → present

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 663 EUR awarded · 663 EUR paid
Year Entries awardedpaid
2022 1 663 EUR663 EUR
Schemes
1 entry · 663 EUR · 663 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,608 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 (pre-2019)
Founded27-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0685386954
Also 9925:BE0685386954

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 27 September 2026 · Peppol Directory

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