YPAQ SYSTEM
ActiveSummary
YPAQ SYSTEM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52k and a net result of €12k. Equity is growing by ~51% per year across the filed fiscal years. Its solvency ranks better than 72% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-3
Solvency84▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 4.12 against 4.45 in 2023; short-term debt: 19.6% and cash: 43.3% of total assets), and 40.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
59.3%
Return on assets
13.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
114 d late
2022
151 d late
2021
145 d late
2020
118 d late
2019
113 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€52k▲ 29.7%
2023 · €40k
2018: €-18klowest in 7 years
2019: €-9k▲ +47.2% vs 2018
2020: €11k▲ +220% vs 2019
2021: €23k▲ +102% vs 2020
2022: €30k▲ +31.8% vs 2021
2023: €40k▲ +33.8% vs 2022
2024: €52k▲ +29.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€87k▲ 34.4%
2023 · €65k
2018: €62klowest in 7 years
2019: €72k▲ +16.3% vs 2018
2020: €99k▲ +36.4% vs 2019
2021: €113k▲ +13.9% vs 2020
2022: €138k▲ +22.5% vs 2021highest in 7 years
2023: €65k▼ -53.1% vs 2022
2024: €87k▲ +34.4% vs 2023
2018 → 2024
Net result
€12k▲ 12.3%
2023 · €11k
2018: €-11klowest in 7 years
2019: €8k▲ +176% vs 2018
2020: €21k▲ +145% vs 2019highest in 7 years
2021: €11k▼ -44.6% vs 2020
2022: €7k▼ -36.9% vs 2021
2023: €11k▲ +46.5% vs 2022
2024: €12k▲ +12.3% vs 2023
2018 → 2024
Working capital
€53k▲ 43.0%
2023 · €37k
2018: €-71klowest in 7 years
2019: €-53k▲ +24.9% vs 2018
2020: €-22k▲ +58.0% vs 2019
2021: €3k▲ +113% vs 2020
2022: €20k▲ +609% vs 2021
2023: €37k▲ +82.7% vs 2022
2024: €53k▲ +43.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€23k▲ 102%€30k▲ 31.8%€40k▲ 33.8%€52k▲ 29.7%
2020: €11klowest in 5 years
2021: €23k▲ +102% vs 2020
2022: €30k▲ +31.8% vs 2021
2023: €40k▲ +33.8% vs 2022
2024: €52k▲ +29.7% vs 2023highest in 5 years
Operating result€22k-€15k▼ 29.8%€14k▼ 9.4%€14k▲ 3.3%€15k▲ 8.4%
2020: €22khighest in 5 years
2021: €15k▼ -29.8% vs 2020
2022: €14k▼ -9.4% vs 2021lowest in 5 years
2023: €14k▲ +3.3% vs 2022
2024: €15k▲ +8.4% vs 2023
Net result€21k-€11k▼ 44.6%€7k▼ 36.9%€11k▲ 46.5%€12k▲ 12.3%
2020: €21khighest in 5 years
2021: €11k▼ -44.6% vs 2020
2022: €7k▼ -36.9% vs 2021lowest in 5 years
2023: €11k▲ +46.5% vs 2022
2024: €12k▲ +12.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87k
Fixed assets
€17k ▲ 0.1%
Current assets
€70k ▲ 46.4%
Equity and liabilities €87k
Equity
€52k ▲ 29.7%
Provisions
€500 =
Debt
€35k ▲ 42.6%
Debt's share of the balance-sheet total rises from 37.8% to 40.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2023 · €19k
Cash flow
€12k▼
2023 · €15k
Current ratio
4.12▼
2023 · 4.45
Debt to equity
0.68▲
2023 · 0.62
ROE
22.9%▼
2023 · 26.4%
ROA
13.6%▼
2023 · 16.2%
Interest coverage
204.66▼
2023 · 257.55
Debt ≤ 1 year
€17k▲
2023 · €11k
Income taxes
€5k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€65k€87k▲
Fixed assets21/28€17k€17k▲
Tangible fixed assets22/27€17k€17k▲
Land and buildings22€16k€16k=
Furniture and vehicles24€556€577▲
Current assets29/58€48k€70k▲
Amounts receivable within one year40/41€30k€32k▲
Trade receivables40€2k€2k=
Other amounts receivable41€28k€30k▲
Cash at bank and in hand54/58€18k€38k▲
Deferred charges and accrued income490/1€510€510=
Equity and liabilities
Total equity and liabilities10/49€65k€87k▲
Equity10/15€40k€52k▲
Contributions10/11€19k€19k=
Reserves13€25k€31k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€29k▲
Profit (loss) carried forward14€-4k€2k▲
Provisions and deferred taxes16€500€500=
Deferred taxes168€500€500=
Amounts payable17/49€25k€35k▲
Amounts payable within one year42/48€11k€17k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€14k€18k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€343▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€21k€18k▼
Operating profit (loss)9901€14k€15k▲
Financial income75/76B€405€2k▲
Recurring financial income75€405€2k▲
Financial charges65/66B€73€77▲
Recurring financial charges65€73€77▲
Profit (loss) for the period before taxes9903€15k€17k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€11k€12k▲
Profit (loss) for the period to be appropriated9905€11k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€8k▲
Profit (loss) brought forward from the previous period14P€-9k€-4k▲
Transfer to equity691/2€5k€6k▲
To other reserves6921€5k€6k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €5k | €5k | €343 | ▼ 92.5% |
| Other operating charges640/8 | - | €348 | €2k | €2k | €2k | ▲ 23.5% |
| Gross operating margin9900 | €33k | €25k | €21k | €21k | €18k | ▼ 12.4% |
| Operating profit (loss)9901 | €22k | €15k | €14k | €14k | €15k | ▲ 8.4% |
| Financial income75/76B | - | - | - | €405 | €2k | ▲ 291% |
| Recurring financial income75 | - | - | - | €405 | €2k | ▲ 291% |
| Financial charges65/66B | - | €3k | €3k | €73 | €77 | ▲ 5.5% |
| Recurring financial charges65 | €45 | €3k | €3k | €73 | €77 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €22k | €12k | €10k | €15k | €17k | ▲ 16.3% |
| Income taxes67/77 | €1k | €603 | €3k | €4k | €5k | ▲ 26.8% |
| Profit (loss) for the period9904 | €21k | €11k | €7k | €11k | €12k | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €21k | €11k | €7k | €11k | €12k | ▲ 12.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €113k | €138k | €65k | €87k | ▲ 34.4% |
| Fixed assets21/28 | €36k | €27k | €21k | €17k | €17k | ▲ 0.1% |
| Tangible fixed assets22/27 | €36k | €27k | €21k | €17k | €17k | ▲ 0.1% |
| Land and buildings22 | - | €25k | €20k | €16k | €16k | = |
| Furniture and vehicles24 | - | €1k | €920 | €556 | €577 | ▲ 3.8% |
| Current assets29/58 | €63k | €86k | €117k | €48k | €70k | ▲ 46.4% |
| Amounts receivable within one year40/41 | €3k | €3k | €10k | €30k | €32k | ▲ 7.2% |
| Trade receivables40 | - | €2k | €9k | €2k | €2k | = |
| Other amounts receivable41 | - | €1k | €788 | €28k | €30k | ▲ 7.8% |
| Cash at bank and in hand54/58 | €60k | €83k | €107k | €18k | €38k | ▲ 114% |
| Deferred charges and accrued income490/1 | - | - | €481 | €510 | €510 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €113k | €138k | €65k | €87k | ▲ 34.4% |
| Equity10/15 | €11k | €23k | €30k | €40k | €52k | ▲ 29.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €17k | €20k | €25k | €31k | ▲ 22.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €15k | €19k | €23k | €29k | ▲ 24.0% |
| Profit (loss) carried forward14 | €-19k | €-13k | €-9k | €-4k | €2k | ▲ 151% |
| Provisions and deferred taxes16 | €500 | €500 | €500 | €500 | €500 | = |
| Deferred taxes168 | - | €500 | €500 | €500 | €500 | = |
| Amounts payable17/49 | €87k | €90k | €108k | €25k | €35k | ▲ 42.6% |
| Amounts payable within one year42/48 | €86k | €83k | €96k | €11k | €17k | ▲ 57.9% |
| Trade debts44 | €9k | €1k | €10k | €3k | €4k | ▲ 26.1% |
| Suppliers440/4 | - | €1k | €10k | €3k | €4k | ▲ 26.1% |
| Taxes, remuneration and social security45 | - | €603 | €3k | €8k | €10k | ▲ 24.2% |
| Taxes450/3 | - | €603 | €3k | €8k | €10k | ▲ 24.2% |
| Other amounts payable47/48 | - | €81k | €83k | - | €4k | - |
| Accrued charges and deferred income492/3 | - | €6k | €12k | €14k | €18k | ▲ 30.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €11k | €7k | €11k | €12k | ▲ 12.3% |
| + Depreciation and write-downs630 | €9k | €9k | €5k | €5k | €343 | ▼ 92.5% |
| Operating cash flow (approximation) | €30k | €21k | €12k | €15k | €12k | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | €-572 | €1 | €1 | €-364 | ▼ 36,500% |
| Change in cash | - | €22k | €24k | €-89k | €20k | ▲ 123% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 4.45
Current ratio from 1.21 to 4.45; short-term debt falls from €96k to €11k.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-12
Financial
Highest result since 2018net €21k ▲145%
Operating result €22k, net result €21k, both a record.
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 113 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 134 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 27 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Jurbise · 1 establishment unit since 2003
Ground area
2,687 m²
Building footprint
288 m²
Volume, LiDAR
1,565 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
YPAQ SYSTEM
since 20032.127.011.050
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53040C0278/00K000 | Wallonia | 2,091 m² | 1 · 168 m² | 7.7 m · 2 fl. |
| 53065A0743/00X000 | Wallonia | 596 m² | 1 · 119 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,443 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)
Founded24-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.