YPCAR

Active

Public limited companyfounded 20233 yrs activeZwaanhofweg 2, 8900 Ieper, BelgiumKBO/BCE: BE 0798.358.005

The computed 12-month bankruptcy probability of YPCAR is 1.5% (moderate). The 2024 annual accounts show equity of €4.35M and a net result of €687k. Its solvency ranks better than 80% of 1221 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

74 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability83▼-16

Solvency98▲+18

Growth52

Track record94

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €320k at 30 days acceptable

Liquidity ample (current ratio 3.64 against 2.21 in 2023; short-term debt: 26.6% and cash: 19.4% of total assets), and 27.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

72.5%

Return on assets

11.5%

Age of the figures

22 mo

Latest accounts filed on time

The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 26-06-2025, 4 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

4 d early

2023

6 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€4.35M▲ 18.8%

2023 · €3.66M

2023: €3.66M

2023 → 2024

Total assets

€5.99M▼ 10.0%

2023 · €6.66M

2023: €6.66M

2023 → 2024

Net result

€687k▼ 56.8%

2023 · €1.59M

2023: €1.59M

2023 → 2024

Working capital

€4.21M▲ 19.8%

2023 · €3.52M

2023: €3.52M

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€3.66M-€4.35M▲ 18.8%

Operating result€2.05M-€944k▼ 53.8%

Net result€1.59M-€687k▼ 56.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 54% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.99M

96.9%

Fixed assets €186k▼ 21.6%

Current assets €5.81M▼ 9.5%

Equity and liabilities €5.99M

72.5%

27.5%

Equity €4.35M▲ 18.8%

Debt €1.65M▼ 45.1%

The debt ratio falls from 45.0% to 27.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.03M▼

2023 · €2.15M

Cash flow

€771k▼

2023 · €1.70M

Solvency

72.5%▲

2023 · 55.0%

Current ratio

3.64▲

2023 · 2.21

Quick ratio

2.21▲

2023 · 1.44

Debt / equity

0.38▼

2023 · 0.82

ROE

15.8%▼

2023 · 43.4%

ROA

11.5%▼

2023 · 23.9%

Interest coverage

80.67▼

2023 · 348.50

Debt

€1.65M▼

2023 · €3.00M

Debt ≤ 1 year

€1.59M▼

2023 · €2.90M

Debt > 1 year

€53k▼

2023 · €95k

Income taxes

€244k▼

2023 · €450k

Staff costs

€1.97M▲

2023 · €1.13M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€6.66M€5.99M▼

Fixed assets21/28€238k€186k▼

Tangible fixed assets22/27€232k€186k▼

Plant, machinery and equipment23€229k€157k▼

Furniture and vehicles24€4k€29k▲

Financial fixed assets28€5k€340▼

Current assets29/58€6.42M€5.81M▼

Stocks and contracts in progress3€2.25M€2.29M▲

Stocks30/36€2.25M€2.29M▲

Amounts receivable within one year40/41€2.78M€2.35M▼

Trade receivables40€2.40M€1.71M▼

Other amounts receivable41€380k€637k▲

Cash at bank and in hand54/58€1.39M€1.17M▼

Equity and liabilities

Total equity and liabilities10/49€6.66M€5.99M▼

Equity10/15€3.66M€4.35M▲

Contributions10/11€212k€212k=

Capital10€212k€212k=

Issued capital100€212k€212k=

Reserves13€3.45M€4.14M▲

Non-distributable reserves130/1€19k€19k=

Legal reserve130€19k€19k=

Tax-exempt reserves132€632k€632k=

Distributable reserves133€2.80M€3.48M▲

Amounts payable17/49€3.00M€1.65M▼

Amounts payable after more than one year17€95k€53k▼

Financial debts170/4€95k€53k▼

Amounts payable within one year42/48€2.90M€1.59M▼

Current portion of amounts payable after more than one year42€41k€42k▲

Financial debts43€293k€167k▼

Other loans439€293k€167k▼

Trade debts44€1.85M€825k▼

Suppliers440/4€1.85M€825k▼

Taxes, remuneration and social security45€282k€343k▲

Taxes450/3€3k€65k▲

Remuneration and social security454/9€279k€278k▼

Other amounts payable47/48€437k€217k▼

Income statement Code20232024

Remuneration, social security and pensions62€1.13M€1.97M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€84k▼

Other operating charges640/8€25k€257k▲

Gross operating margin9900€3.31M€3.26M▼

Operating profit (loss)9901€2.05M€944k▼

Financial income75/76B€28€55▲

Recurring financial income75€28€55▲

Financial charges65/66B€6k€13k▲

Recurring financial charges65€6k€13k▲

Profit (loss) for the period before taxes9903€2.04M€932k▼

Income taxes67/77€450k€244k▼

Profit (loss) for the period9904€1.59M€687k▼

Transfer from tax-exempt reserves789€386k-

Transfer to tax-exempt reserves689€632k-

Profit (loss) for the period to be appropriated9905€1.34M€687k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.34M€687k▼

Transfer to equity691/2€1.11M€687k▼

To other reserves6921€1.11M€687k▼

Profit to be distributed694/7€233k-

Directors or managers695€233k-

Social balance

Average headcount (FTE)908723.042.0▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

24-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Ieper · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Zwaanhofweg 28900 Ieper

Ground area

1.1 ha

Building footprint

2,450 m²

Volume, LiDAR

19,537 m³

Parcel 33305B1027/00L000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

YPCAR

Zwaanhofweg 2, 8900 IeperManufacture of machinery and equipment not elsewhere classified

since 20232.343.057.071

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33305B1027/00L000	Flanders	1.1 ha	1 · 2,450 m²	10.3 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 384 EUR paid

Year	Entries	awarded	paid
2023	1	0 EUR	384 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 384 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Wortegem-Petegem · Eq €4.32M

Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 697 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded30-01-2023

Fiscal year end30-11

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

25999Manufacture of fabricated metal products, except machinery and equipment

28410Manufacture of machinery and equipment not elsewhere classified

28920Manufacture of machinery and equipment not elsewhere classified

33120Repair and maintenance of machinery

33200Installation of industrial machinery and equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.