YPSILON
ActiveSummary
The computed 12-month bankruptcy probability of YPSILON is 2.4% (moderate). The 2024 annual accounts show equity of €66,162 and a net result of €53,016. Equity is growing by ~224.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 1329 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+23
Solvency53▲+20
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.05 in 2023; short-term debt: 42.7% and cash: 0.8% of total assets), and 72.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.7%
Return on assets
22.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
2 d early
2022
46 d late
← 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 39 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€66,162▲ 403%
2023 · €13,146
Total assets
€238,884▲ 39.7%
2023 · €171,020
Net result
€53,016▲ 781%
2023 · €6,018
Working capital
€30,304▲ 604%
2023 · €4,307
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
Line202220232024
Operating result€9,817-€14,065▲ 43.3%€73,081▲ 420%
Net result€5,629-€6,018▲ 6.9%€53,016▲ 781%
Equity€7,129-€13,146▲ 84.4%€66,162▲ 403%
Total assets€99,311-€171,020▲ 72.2%€238,884▲ 39.7%
Debt€92,183-€157,874▲ 71.3%€172,721▲ 9.4%
Working capital-€12,882-€4,307€30,304▲ 604%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 420% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €238,884
Fixed assets
€106,589 ▲ 35.8%
Current assets
€132,295 ▲ 42.9%
Equity and liabilities €238,884
Equity
€66,162 ▲ 403%
Debt
€172,721 ▲ 9.4%
Debt's share of the balance-sheet total falls from 92.3% to 72.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,205▲
2023 · €40,019
Cash flow
€82,140▲
2023 · €31,971
Current ratio
1.30▲
2023 · 1.05
Quick ratio
1.05▲
2023 · 0.70
Debt to equity
2.61▼
2023 · 12.01
ROE
80.1%▲
2023 · 45.8%
ROA
22.2%▲
2023 · 3.5%
Interest coverage
16.33▲
2023 · 6.18
Debt ≤ 1 year
€101,991▲
2023 · €88,239
Debt > 1 year
€70,730▲
2023 · €69,635
Income taxes
€14,140▲
2023 · €1,846
Staff costs
€16,517▲
2023 · €141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €698 | €39,525 | ▲ 5,559% |
| Remuneration, social security and pensions62 | - | €141 | €16,517 | ▲ 11,610% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,919 | €25,954 | €29,124 | ▲ 12.2% |
| Other operating charges640/8 | €2,198 | €2,590 | €7,764 | ▲ 200% |
| Non-recurring operating charges66A | €52 | - | - | - |
| Gross operating margin9900 | €31,986 | €42,750 | €126,486 | ▲ 196% |
| Operating profit (loss)9901 | €9,817 | €14,065 | €73,081 | ▲ 420% |
| Financial income75/76B | €2 | €269 | €336 | ▲ 24.9% |
| Recurring financial income75 | €2 | €269 | €336 | ▲ 24.9% |
| Financial charges65/66B | €2,583 | €6,470 | €6,260 | ▼ 3.2% |
| Recurring financial charges65 | €2,583 | €6,470 | €6,260 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €7,236 | €7,864 | €67,156 | ▲ 754% |
| Income taxes67/77 | €1,607 | €1,846 | €14,140 | ▲ 666% |
| Profit (loss) for the period9904 | €5,629 | €6,018 | €53,016 | ▲ 781% |
| Profit (loss) for the period to be appropriated9905 | €5,629 | €6,018 | €53,016 | ▲ 781% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €99,311 | €171,020 | €238,884 | ▲ 39.7% |
| Fixed assets21/28 | €76,453 | €78,474 | €106,589 | ▲ 35.8% |
| Tangible fixed assets22/27 | €76,453 | €78,474 | €106,589 | ▲ 35.8% |
| Plant, machinery and equipment23 | €9,317 | €27,141 | €28,524 | ▲ 5.1% |
| Furniture and vehicles24 | €67,136 | €51,333 | €78,065 | ▲ 52.1% |
| Current assets29/58 | €22,859 | €92,546 | €132,295 | ▲ 42.9% |
| Stocks and contracts in progress3 | - | €31,050 | €25,509 | ▼ 17.8% |
| Stocks30/36 | - | €31,050 | €25,509 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €21,045 | €47,721 | €97,953 | ▲ 105% |
| Trade receivables40 | €7,842 | €34,955 | €79,791 | ▲ 128% |
| Other amounts receivable41 | €13,203 | €12,766 | €18,162 | ▲ 42.3% |
| Cash at bank and in hand54/58 | €404 | €11,703 | €1,874 | ▼ 84.0% |
| Deferred charges and accrued income490/1 | €1,410 | €2,073 | €6,960 | ▲ 236% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €99,311 | €171,020 | €238,884 | ▲ 39.7% |
| Equity10/15 | €7,129 | €13,146 | €66,162 | ▲ 403% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €5,629 | €11,646 | €64,662 | ▲ 455% |
| Distributable reserves133 | €5,629 | €11,646 | €64,662 | ▲ 455% |
| Amounts payable17/49 | €92,183 | €157,874 | €172,721 | ▲ 9.4% |
| Amounts payable after more than one year17 | €56,442 | €69,635 | €70,730 | ▲ 1.6% |
| Financial debts170/4 | €56,442 | €69,635 | €70,730 | ▲ 1.6% |
| Amounts payable within one year42/48 | €35,741 | €88,239 | €101,991 | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | €17,933 | €34,582 | €52,637 | ▲ 52.2% |
| Financial debts43 | €9,180 | - | - | - |
| Credit institutions430/8 | €9,180 | - | - | - |
| Trade debts44 | €6,931 | €44,555 | €34,934 | ▼ 21.6% |
| Suppliers440/4 | €6,931 | €44,555 | €34,934 | ▼ 21.6% |
| Taxes, remuneration and social security45 | €1,697 | €9,103 | €14,420 | ▲ 58.4% |
| Taxes450/3 | €1,697 | €3,450 | €14,420 | ▲ 318% |
| Remuneration and social security454/9 | - | €5,652 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,629 | €6,018 | €53,016 | ▲ 781% |
| + Depreciation and write-downs630 | €19,919 | €25,954 | €29,124 | ▲ 12.2% |
| Operating cash flow (approximation) | €25,548 | €31,971 | €82,140 | ▲ 157% |
| Investment in fixed assets (approximation) | - | -€27,975 | -€57,239 | ▼ 105% |
| Change in cash | - | €11,299 | -€9,829 | ▼ 187% |
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
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Highest result since 2022net €53,016 ▲781%
Operating result €73,081, net result €53,016, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Temse · 2 establishment units since 2021
Ground area
253 m²
Building footprint
110 m²
Volume, LiDAR
338 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Hoogkamerstraat 20, 9140 Temse
since 20212.326.101.867
Cauwerburg 115, 9140 Temse
since 20242.365.787.735
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1091/00B003indicative | Flanders | 145 m² | 1 · 45 m² | - |
| 46025B1008/00E002 | Flanders | 108 m² | 1 · 64 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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
2022 to 2025 · 4 entries · 1,894 EUR awarded · 1,894 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 261 EUR | 261 EUR |
| 2024 | 1 | 827 EUR | 827 EUR |
| 2023 | 1 | 216 EUR | 216 EUR |
| 2022 | 1 | 590 EUR | 590 EUR |
Recognitions · licences · registrations
Recognised contractor
9 categoriesYPSILON BV41822
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Of 1,824 companies in sector 42220 we hold annual accounts for 956. 694 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
Founded24-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
42110Construction of roads and motorways
42120Civil engineering
42211Civil engineering
47811Retail sale of cars and light vans (up to 3.5 tonnes)
52210Service activities incidental to land transportation
Scores and ratios are computed by Checked and are not a credit decision.