YPSILON
ActiveSummary
The computed 12-month bankruptcy probability of YPSILON is 1.7% (moderate). The 2024 annual accounts show equity of €11,804 and a net result of €10,840. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 18930 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+11
Solvency67▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.6 against 1.53 in 2023; short-term debt: 15% and cash: 11.6% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
42.5%
Return on assets
39%
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 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
21 d late
2022
197 d late
2021
557 d late
2020
4 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 143 days after 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)
History
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Financials · fiscal year 2024, micro schema
Equity
€11,804▲ 1,124%
2023 · €964
Total assets
€27,784▼ 24.4%
2023 · €36,739
Net result
€10,840▲ 78.1%
2023 · €6,085
Working capital
€10,823▲ 61.4%
2023 · €6,704
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
Line20202021202220232024
Operating result€23,359▲ 17,404%€1,070▼ 95.4%-€1,364€6,970€11,375▲ 63.2%
Net result€23,016▲ 16,905%€712▼ 96.9%-€1,988€6,085€10,840▲ 78.1%
Equity-€3,644▲ 86.3%-€2,932▲ 19.5%-€4,921▼ 67.8%€964€11,804▲ 1,124%
Total assets€47,452▲ 113%€28,469▼ 40.0%€41,434▲ 45.5%€36,739▼ 11.3%€27,784▼ 24.4%
Debt€51,096▲ 4.4%€31,401▼ 38.5%€46,354▲ 47.6%€35,774▼ 22.8%€15,980▼ 55.3%
Working capital€20,155▲ 119%-€723-€4,135▼ 472%€6,704€10,823▲ 61.4%
Staff (FTE)0.30.7▲ 133%
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 63% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27,784
Fixed assets
€12,804 ▼ 26.8%
Current assets
€14,980 ▼ 22.1%
Equity and liabilities €27,784
Equity
€11,804 ▲ 1,124%
Debt
€15,980 ▼ 55.3%
Debt's share of the balance-sheet total falls from 97.4% to 57.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,068▲
2023 · €12,632
Cash flow
€15,533▲
2023 · €11,747
Current ratio
3.60▲
2023 · 1.53
Quick ratio
3.39▲
2023 · 1.45
Debt to equity
1.35
ROE
91.8%
ROA
39.0%▲
2023 · 16.6%
Interest coverage
30.03▲
2023 · 17.08
Debt ≤ 1 year
€4,157▼
2023 · €12,537
Debt > 1 year
€11,823▼
2023 · €23,237
Staff costs
€7,325▲
2023 · €2,789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,587 | €2,789 | €7,325 | ▲ 163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,752 | €7,406 | €5,071 | €5,662 | €4,693 | ▼ 17.1% |
| Other operating charges640/8 | - | €698 | €8,724 | €1,612 | €4,229 | ▲ 162% |
| Gross operating margin9900 | €32,386 | €9,174 | €14,018 | €17,033 | €27,622 | ▲ 62.2% |
| Operating profit (loss)9901 | €23,359 | €1,070 | -€1,364 | €6,970 | €11,375 | ▲ 63.2% |
| Financial income75/76B | - | €0 | - | €191 | - | - |
| Recurring financial income75 | €0 | €0 | - | €191 | - | - |
| Financial charges65/66B | - | €358 | €624 | €740 | €535 | ▼ 27.7% |
| Recurring financial charges65 | €343 | €358 | €624 | €740 | €535 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €23,016 | €712 | -€1,988 | €6,421 | €10,840 | ▲ 68.8% |
| Income taxes67/77 | - | €0 | - | €336 | - | - |
| Profit (loss) for the period9904 | €23,016 | €712 | -€1,988 | €6,085 | €10,840 | ▲ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €23,016 | €712 | -€1,988 | €6,085 | €10,840 | ▲ 78.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,452 | €28,469 | €41,434 | €36,739 | €27,784 | ▼ 24.4% |
| Fixed assets21/28 | €21,025 | €23,445 | €23,160 | €17,497 | €12,804 | ▼ 26.8% |
| Tangible fixed assets22/27 | €18,025 | €20,445 | €20,160 | €14,497 | €9,804 | ▼ 32.4% |
| Land and buildings22 | - | €5,499 | €4,427 | €3,355 | €2,590 | ▼ 22.8% |
| Plant, machinery and equipment23 | - | €7,294 | €7,707 | €5,966 | €4,887 | ▼ 18.1% |
| Furniture and vehicles24 | - | €7,652 | €8,025 | €5,176 | €2,327 | ▼ 55.0% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €26,427 | €5,024 | €18,274 | €19,241 | €14,980 | ▼ 22.1% |
| Stocks and contracts in progress3 | €1,078 | €1,078 | €1,078 | €1,078 | €880 | ▼ 18.4% |
| Stocks30/36 | - | €1,078 | €1,078 | €1,078 | €880 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €5,720 | €1,116 | €829 | €360 | €10,870 | ▲ 2,917% |
| Trade receivables40 | - | - | €285 | €121 | €10,870 | ▲ 8,859% |
| Other amounts receivable41 | - | €1,116 | €544 | €239 | - | - |
| Cash at bank and in hand54/58 | €19,629 | €2,702 | €1,119 | €17,803 | €3,230 | ▼ 81.9% |
| Deferred charges and accrued income490/1 | - | €128 | €15,248 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,452 | €28,469 | €41,434 | €36,739 | €27,784 | ▼ 24.4% |
| Equity10/15 | -€3,644 | -€2,932 | -€4,921 | €964 | €11,804 | ▲ 1,124% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | - | - | - | - |
| Share premium1100/10 | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€17,904 | -€17,192 | -€19,181 | -€13,296 | -€2,456 | ▲ 81.5% |
| Amounts payable17/49 | €51,096 | €31,401 | €46,354 | €35,774 | €15,980 | ▼ 55.3% |
| Amounts payable after more than one year17 | €44,825 | €25,654 | €23,946 | €23,237 | €11,823 | ▼ 49.1% |
| Financial debts170/4 | - | €2,431 | - | €23,237 | €11,823 | ▼ 49.1% |
| Other amounts payable178/9 | - | €23,223 | €23,946 | - | - | - |
| Amounts payable within one year42/48 | €6,272 | €5,747 | €22,409 | €12,537 | €4,157 | ▼ 66.8% |
| Current portion of amounts payable after more than one year42 | - | €2,019 | €2,431 | €407 | - | - |
| Trade debts44 | €4,239 | €3,692 | €5,902 | €5,875 | €3,717 | ▼ 36.7% |
| Suppliers440/4 | - | €3,692 | €5,902 | €5,875 | €3,717 | ▼ 36.7% |
| Taxes, remuneration and social security45 | - | €36 | €36 | €6,255 | €440 | ▼ 93.0% |
| Taxes450/3 | - | €36 | €36 | €372 | €440 | ▲ 18.2% |
| Remuneration and social security454/9 | - | - | - | €5,883 | - | - |
| Other amounts payable47/48 | - | - | €14,039 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,016 | €712 | -€1,988 | €6,085 | €10,840 | ▲ 78.1% |
| + Depreciation and write-downs630 | €6,752 | €7,406 | €5,071 | €5,662 | €4,693 | ▼ 17.1% |
| Operating cash flow (approximation) | €29,768 | €8,117 | €3,083 | €11,747 | €15,533 | ▲ 32.2% |
| Investment in fixed assets (approximation) | - | -€9,825 | -€4,786 | €0 | €0 | - |
| Change in cash | - | -€16,927 | -€1,583 | €16,684 | -€14,573 | ▼ 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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.60
Current ratio from 1.53 to 3.60; short-term debt falls from €12,537 to €4,157.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 197 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 557 days late
2023
31-12
Financial
Back to profitnet €6,085
Net result €6,085 after one loss-making year.
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €23,016 ▲16,905%
Operating result €23,359, net result €23,016, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €135
Net result €135 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 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, Genk · 1 establishment unit since 2010
Ground area
362 m²
Building footprint
211 m²
Volume, LiDAR
1,616 m³
Parcel 71308A0816/00S057, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
YPSILON
since 20102.192.766.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0816/00S057 | Flanders | 362 m² | 1 · 211 m² | 12.4 m · 3 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.
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NO EXIT
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SHIBUYA MELTDOWN
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,649 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)
Founded18-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
93293Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830390472
Also
9925:BE0830390472
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.