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Ypsilon Projects

Active
Private limited companyfounded 20188 yrs activeHogedreef 10, 2242 Zandhoven, BelgiumKBO/BCE: BE 0686.968.549
Summary

The computed 12-month bankruptcy probability of Ypsilon Projects is 1.8% (moderate). The 2026 annual accounts show negative equity (-€116,824) and a net result of -€1,405. Equity remains stable across the filed fiscal years (±1.1% per year). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2026
Axes · tick = 2025
Profitability36▲+36
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03; short-term debt: 144% and cash: 0% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2026
Solvency, return and age of the figures
Solvency
-44%
Return on assets
-0.5%
Age of the figures
6 mo
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year -€116,824
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-09-2026, 45 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2026
45 d early
2025
38 d early
2024
42 d early
2023
7 d early
2022
41 d early
2021
45 d early
2020
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 38 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · 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

History

Ypsilon Projects was incorporated on 2 January 2018.1 Total assets rose from EUR 46,998 in 2019 to EUR 265,494 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
-€116,824▼ 1.2%
2025 · -€115,419
Total assets
€265,494▲ 552,437%
2025 · €48
Net result
-€1,405▼ 96.4%
2025 · -€715
Working capital
-€371,408▼ 222%
2025 · -€115,419
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
Line20222023202420252026
Operating result-€630▲ 53.4%-€631▼ 0.2%-€2,192▼ 247%-€687▲ 68.7%-€1,375▼ 100%
Net result-€653▲ 52.4%-€655▼ 0.3%-€2,216▼ 238%-€715▲ 67.7%-€1,405▼ 96.4%
Equity-€111,832▼ 0.6%-€112,487▼ 0.6%-€114,704▼ 2.0%-€115,419▼ 0.6%-€116,824▼ 1.2%
Total assets€369▲ 1,553%€64▼ 82.6%€57▼ 11.2%€48▼ 15.5%€265,494▲ 552,437%
Debt€112,201▲ 0.9%€112,551▲ 0.3%€114,760▲ 2.0%€115,467▲ 0.6%€382,318▲ 231%
Working capital-€111,832▼ 0.6%-€112,487▼ 0.6%-€114,704▼ 2.0%-€115,419▼ 0.6%-€371,408▼ 222%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2026 Total assets +552,437% on 2025. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2022: -€630-€630Net result 2022: -€653-€653Operating result 2023: -€631-€631Net result 2023: -€655-€655Operating result 2024: -€2,192-€2,192Net result 2024: -€2,216-€2,216Operating result 2025: -€687-€687Net result 2025: -€715-€715Operating result 2026: -€1,375-€1,375Net result 2026: -€1,405-€1,40520222023202420252026-€3,000-€2,000-€1,000€0Operating result 2024: -€2,192-€2,190Net result 2024: -€2,216-€2,220Operating result 2025: -€687-€687Net result 2025: -€715-€715Operating result 2026: -€1,375-€1,370Net result 2026: -€1,405-€1,400202420252026
The operating result stays negative: a loss of €1,375 in 2026 against €687 in 2025; the loss grows.
Balance-sheet composition
Assets €265,494
Fixed assets €254,584
Current assets €10,910
Key figures and ratios
2026 value · change against 2025
Solvency
-44.0%
Current ratio
0.03
Debt to equity
-3.27
ROA
-0.5%
Debt ≤ 1 year
€382,318▲
2025 · €115,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
4.6% went bankrupt
5.6% stopped otherwise
88% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,570 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 27 lines
Balance sheet Code20252026
Assets
Total assets20/58€48€265,494▲
Fixed assets21/28-€254,584
Tangible fixed assets22/27-€254,584
Land and buildings22-€254,584
Current assets29/58€48€10,910▲
Amounts receivable within one year40/41-€10,867
Other amounts receivable41-€10,867
Cash at bank and in hand54/58€48€43▼
Equity and liabilities
Total equity and liabilities10/49€48€265,494▲
Equity10/15-€115,419-€116,824▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€215,419-€216,824▼
Amounts payable17/49€115,467€382,318▲
Amounts payable within one year42/48€115,467€382,318▲
Trade debts44-€102
Suppliers440/4-€102
Other amounts payable47/48€115,467€382,216▲
Income statement Code20252026
Other operating charges640/8€505€520▲
Gross operating margin9900-€182-€855▼
Operating profit (loss)9901-€687-€1,375▼
Financial charges65/66B€29€30▲
Recurring financial charges65€29€30▲
Profit (loss) for the period before taxes9903-€715-€1,405▼
Profit (loss) for the period9904-€715-€1,405▼
Profit (loss) for the period to be appropriated9905-€715-€1,405▼
Appropriation of the result
Profit (loss) to be appropriated9906-€215,419-€216,824▼
Profit (loss) brought forward from the previous period14P-€214,704-€215,419▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Other operating charges640/8€449€450€493€505€520▲ 2.8%
Gross operating margin9900-€182-€182-€1,699-€182-€855▼ 371%
Operating profit (loss)9901-€630-€631-€2,192-€687-€1,375▼ 100%
Financial charges65/66B€23€24€24€29€30▲ 5.3%
Recurring financial charges65€23€24€24€29€30▲ 5.3%
Profit (loss) for the period before taxes9903-€653-€655-€2,216-€715-€1,405▼ 96.4%
Profit (loss) for the period9904-€653-€655-€2,216-€715-€1,405▼ 96.4%
Profit (loss) for the period to be appropriated9905-€653-€655-€2,216-€715-€1,405▼ 96.4%
Line20222023202420252026Change
Assets
Total assets20/58€369€64€57€48€265,494▲ 552,437%
Fixed assets21/28----€254,584-
Tangible fixed assets22/27----€254,584-
Land and buildings22----€254,584-
Current assets29/58€369€64€57€48€10,910▲ 22,605%
Amounts receivable within one year40/41----€10,867-
Other amounts receivable41----€10,867-
Cash at bank and in hand54/58€369€64€57€48€43▼ 10.5%
Equity and liabilities
Total equity and liabilities10/49€369€64€57€48€265,494▲ 552,437%
Equity10/15-€111,832-€112,487-€114,704-€115,419-€116,824▼ 1.2%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€211,832-€212,487-€214,704-€215,419-€216,824▼ 0.7%
Amounts payable17/49€112,201€112,551€114,760€115,467€382,318▲ 231%
Amounts payable within one year42/48€112,201€112,551€114,760€115,467€382,318▲ 231%
Trade debts44----€102-
Suppliers440/4----€102-
Other amounts payable47/48€112,201€112,551€114,760€115,467€382,216▲ 231%
Line20222023202420252026Change
Profit (loss) for the period9904-€653-€655-€2,216-€715-€1,405▼ 96.4%
Operating cash flow (approximation)-€653-€655-€2,216-€715-€1,405▼ 96.4%
Change in cash--€305-€7-€9-€5▲ 43.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
16-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
2025
23-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
19-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
24-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
20-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
16-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
16-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
08-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Zandhoven · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
1,904 m²
Building footprint
188 m²
Volume, LiDAR
730 m³
Parcel 11033B0424/00H004, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HERENHEMEL
Hogedreef 10, 2242 ZandhovenReal estate activities
since 20182.272.392.373
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11033B0424/00H004 Flanders 1,904 m² 1 · 188 m² 5.9 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-01-2018
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID 0208:0686968549
Also 9925:BE0686968549
Registered 05-03-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.