Equity
Equity rose in 2024 from €13,146 to €66,162.
Equity rose in 2024 from €13,146 to €66,162.
Of this, €101,991 falls due within a year.
Green is investment, beige is depreciation.
2025 accounts not filed: deadline was 31-07-2026.
New directors. Latest change 04-06-2026 · 2 in office.
Higher net result than 86% of companies in civil engineering. Sector median €10,886 · 1,312 companies.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 31% of them on solvency, 21% on liquidity, 80% on profitability and 97% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as YPSILON has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YPSILON itself is higher: 12.5% within 12 months. It rests on far more data about YPSILON than the profile alone.
The method was tested on the 497,447 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 7,976 companies, not a prediction for YPSILON. 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.
Liquidity is tight, with a current ratio of 1.3 (1.05 in 2023), below the usual 1.5. Short-term debt is 42.7% and cash 0.8% of total assets. 72.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 39 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| YPSILON Temse | €238,884 | €126,486 | 27.7% | - |
| VRIEND & BK Temse | €198,639 | €116,935 | 64.1% | - |
| Mechir Ghent | €246,198 | €132,939 | 57.3% | - |
| FAST FIBER SOLUTIONS Dendermonde | €298,668 | €134,716 | 79.8% | - |
| AQRIO Zele | €211,432 | €120,770 | 70.7% | - |
| AGINSO Sint-Niklaas | €326,871 | €125,985 | 0.9% | - |
| ELEKTRO FRANSSEN Zutendaal | €209,561 | €124,489 | 56.2% | - |
These companies have the same main activity as YPSILON: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €199,000 and €327,000, founded between 2020 and 2022.
YPSILON files the micro format. That format states no turnover. The gross margin rose from €31,986 in 2022 to €126,486 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €210,000 and €490,000.
Higher than 30% of 1,318 companies in 2024.
Higher than 37% of 1,267 companies in 2024.
Higher than 76% of 1,278 companies in 2024.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
238,884 | 171,020 | 99,311 | |
21/28 |
106,589 | 78,474 | 76,453 | |
22/27 |
106,589 | 78,474 | 76,453 | |
23 |
28,524 | 27,141 | 9,317 | |
24 |
78,065 | 51,333 | 67,136 | |
29/58 |
132,295 | 92,546 | 22,859 | |
3 |
25,509 | 31,050 | - | |
30/36 |
25,509 | 31,050 | - | |
40/41 |
97,953 | 47,721 | 21,045 | |
40 |
79,791 | 34,955 | 7,842 | |
41 |
18,162 | 12,766 | 13,203 | |
54/58 |
1,874 | 11,703 | 404 | |
490/1 |
6,960 | 2,073 | 1,410 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
238,884 | 171,020 | 99,311 | |
10/15 |
66,162 | 13,146 | 7,129 | |
10/11 |
1,500 | 1,500 | 1,500 | |
13 |
64,662 | 11,646 | 5,629 | |
133 |
64,662 | 11,646 | 5,629 | |
17/49 |
172,721 | 157,874 | 92,183 | |
17 |
70,730 | 69,635 | 56,442 | |
170/4 |
70,730 | 69,635 | 56,442 | |
42/48 |
101,991 | 88,239 | 35,741 | |
42 |
52,637 | 34,582 | 17,933 | |
43 |
- | - | 9,180 | |
430/8 |
- | - | 9,180 | |
44 |
34,934 | 44,555 | 6,931 | |
440/4 |
34,934 | 44,555 | 6,931 | |
45 |
14,420 | 9,103 | 1,697 | |
450/3 |
14,420 | 3,450 | 1,697 | |
454/9 |
- | 5,652 | - | |
| Income statement | ||||
76A |
39,525 | 698 | - | |
9900 |
126,486 | 42,750 | 31,986 | |
62 |
16,517 | 141 | - | |
630 |
29,124 | 25,954 | 19,919 | |
640/8 |
7,764 | 2,590 | 2,198 | |
66A |
- | - | 52 | |
9901 |
73,081 | 14,065 | 9,817 | |
75/76B |
336 | 269 | 2 | |
75 |
336 | 269 | 2 | |
65/66B |
6,260 | 6,470 | 2,583 | |
65 |
6,260 | 6,470 | 2,583 | |
9903 |
67,156 | 7,864 | 7,236 | |
67/77 |
14,140 | 1,846 | 1,607 | |
9904 |
53,016 | 6,018 | 5,629 | |
9905 |
53,016 | 6,018 | 5,629 | |
| Appropriation of the result | ||||
9906 |
53,016 | 6,018 | 5,629 | |
691/2 |
53,016 | 6,018 | 5,629 | |
6921 |
53,016 | 6,018 | 5,629 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 13-10-2025.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €261 | €261 |
| 2024 | 1 | €827 | €827 |
| 2023 | 1 | €216 | €216 |
| 2022 | 1 | €590 | €590 |
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| 102,205 | 40,019 | 29,736 | ||
| 82,140 | 31,971 | 25,548 | ||
| 72,703 | 77,059 | 96,672 | ||
| -9,829 | 11,299 | - | ||
| 30,304 | 4,307 | -12,882 | ||
| 27.7% | 7.7% | 7.2% | ||
| 1.30 | 1.05 | 0.64 | ||
| 1.05 | 0.70 | 0.64 | ||
| 2.61 | 12.01 | 12.93 | ||
| 80.1% | 45.8% | 79.0% | ||
| 22.2% | 3.5% | 5.7% | ||
| 16.33 | 6.18 | 11.51 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Tangible fixed assets | €72,703 | €77,059 | €96,672 |
| €29,124 | €25,954 | €19,919 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 5.2 times that of 2023 and the highest since 2022. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 92.3% to 72.3%. Equity and debt are higher.
YPSILON has no parent and no holdings in its annual accounts.
| My tech
registered office since 07-11-2025 |
founded in 2025 1030.167.714 |
| Eymen Infra via Bahtiyar Yirtikgöz, no longer at Eymen Infra · Director · deed of 17-03-2020 founded in 2020 · accounts filed late |
total assets €95,678 (2024) |
The network starts from the earlier ties.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
YPSILON was incorporated on 24 December 2021 as a private limited company by one natural person, with a starting capital of €1,500.12 The registered office moved to Bornem in 2024 and to Temse in 2026.34 The board currently has 2 members.4 Total assets rose from €99,311 in 2022 to €238,884 in 2024.5
| Establishment | Since | Unit number |
|---|---|---|
| Hoogkamerstraat 20 registered office 9140 Temse | 24-12-2021 | 2.326.101.867 |
| Cauwerburg 115 9140 Temse | 01-11-2024 | 2.365.787.735 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46025B1008/00E002 | 108 m² | 1 · 64 m² | 9.4 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0779.356.891
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