Ypsilon Projects
ActiveSummary
Ypsilon Projects has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€116,824) and a net result of -€1,405. Equity remains stable across the filed financial years (±1.1% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- -€116,824
- Loss
- -€1,405
- VAN DEN BRANDE YordiDirector
- Van den Brande WalterDirector
Why 53raises riskCapped at 59: negative equityLiquidity: current ratio 0.03, cash €43Negative equity -€116,824lowers riskSize: total assets €265,494No main activity registeredShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 5% on solvency, 2% on liquidity, 26% on profitability and 40% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
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.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result stays negative: a loss of €1,375 in 2026 against €687 in 2025; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 88.9% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,564 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €449 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | -€27,908 | -€1,991 | -€383 | -€182 | -€182 | -€1,699 | -€182 | -€855 | ▼ 371% |
| Operating profit (loss)9901 | -€195,310 | -€2,437 | -€1,351 | -€630 | -€631 | -€2,192 | -€687 | -€1,375 | ▼ 100% |
| Financial charges65/66B | - | - | - | €23 | €24 | €24 | €29 | €30 | ▲ 5.3% |
| Recurring financial charges65 | €14 | €17 | €21 | €23 | €24 | €24 | €29 | €30 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€195,324 | -€2,454 | -€1,372 | -€653 | -€655 | -€2,216 | -€715 | -€1,405 | ▼ 96.4% |
| Profit (loss) for the period9904 | -€195,324 | -€2,454 | -€1,372 | -€653 | -€655 | -€2,216 | -€715 | -€1,405 | ▼ 96.4% |
| Profit (loss) for the period to be appropriated9905 | -€195,324 | -€2,454 | -€1,372 | -€653 | -€655 | -€2,216 | -€715 | -€1,405 | ▼ 96.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €46,998 | €45 | €22 | €369 | €64 | €57 | €48 | €265,494 | ▲ 5,525× |
| Fixed assets21/28 | - | - | - | - | - | - | - | €254,584 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €254,584 | - |
| Land and buildings22 | - | - | - | - | - | - | - | €254,584 | - |
| Current assets29/58 | €46,998 | €45 | €22 | €369 | €64 | €57 | €48 | €10,910 | ▲ 227× |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | - | €10,867 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €10,867 | - |
| Cash at bank and in hand54/58 | €46,998 | €45 | €22 | €369 | €64 | €57 | €48 | €43 | ▼ 10.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €46,998 | €45 | €22 | €369 | €64 | €57 | €48 | €265,494 | ▲ 5,525× |
| Equity10/15 | -€107,353 | -€109,807 | -€111,179 | -€111,832 | -€112,487 | -€114,704 | -€115,419 | -€116,824 | ▼ 1.2% |
| Contributions10/11 | €100,000 | €100,000 | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€207,353 | -€209,807 | -€211,179 | -€211,832 | -€212,487 | -€214,704 | -€215,419 | -€216,824 | ▼ 0.7% |
| Amounts payable17/49 | €154,351 | €109,851 | €111,201 | €112,201 | €112,551 | €114,760 | €115,467 | €382,318 | ▲ 231% |
| Amounts payable within one year42/48 | €154,351 | €109,851 | €111,201 | €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% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€195,324 | -€2,454 | -€1,372 | -€653 | -€655 | -€2,216 | -€715 | -€1,405 | ▼ 96.4% |
| Operating cash flow (approximation) | -€195,324 | -€2,454 | -€1,372 | -€653 | -€655 | -€2,216 | -€715 | -€1,405 | ▼ 96.4% |
| Change in cash | - | -€46,954 | -€22 | €347 | -€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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 16-09-2026 | 2026-00514389 |
| 31-03-2025 | micro format | 23-09-2025 | 2025-00499011 |
| 31-03-2024 | micro format | 19-09-2024 | 2024-00465338 |
| 31-03-2023 | micro format | 24-10-2023 | 2023-00491160 |
| 31-03-2022 | micro format | 20-09-2022 | 2022-20431929 |
| 31-03-2021 | micro format | 16-09-2021 | 2021-67300585 |
| 31-03-2020 | micro format | 16-09-2020 | 2020-53600084 |
| 31-03-2019 | micro format | 08-10-2019 | 2019-68900438 |
| 31-03-2018 | micro format | 26-09-2018 | 2018-65200326 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Van den Brande Walter |
|
| VAN DEN BRANDE Yordi |
|
Owners and capital
Capital and shareholders
- 21-11-2023 Converted to unavailable equity · €100,000
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
21-11
Gazette deed
Resignation: Van den Brande Walter (manager)Reappointment: Van den Brande Walter (director) · Appointment: VAN DEN BRANDE Yordi (opvolgend bestuurder) · Capital conversion12 facts ▸
- General meeting, 14-11-2023
- Other provision, “aanpassing statuten en behoud rechtsvorm, statuten aanpassen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Name change, Ypsilon Projects
- Amendment of the articles
- Capital
- Other provision, “geen statutair onbeschikbare eigen vermogensrekening voor inbrengen” (deed in Dutch)
- Director resignation, Van den Brande Walter (manager)
- Director reappointment, Van den Brande Walter (director (not named in the articles))
- Director discharge, Van den Brande Walter
- Director appointment, VAN DEN BRANDE Yordi (opvolgend bestuurder)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11033B0424/00H004 | Flanders | 1,904 m² | 1 · 188 m² | 5.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…” (deed in Dutch)
9 activities (deed in Dutch)
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten;van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,fondsen
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,hun bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- Zij mag bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel nemen in bestaande of op te richten vennootschappen of bedrijven,in België of buitenland,waarvan het maatschappelijk voorwerp identiek,gelijkaardig of verwant is met het hare,of van aard is de uitoefening van haar maatschappelijk voorwerp te bevorderen
- Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak
- De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar maatschappelijk voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of gedeeltelijk te vergemakkelijken
- De vennootschap kan alle verrichtingen uitvoeren die nodig of dienstig zijn tot de verwezenlijking van haar voorwerp
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ypsilon Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Hogedreef 10,2242 Zandhoven” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“artikel 5:101 van het Wetboek van Vennootschappen en Verenigingen. Vennootschappen. De vennootschap is verbonden door de rechtshandelingen…”
Full text
artikel 5:101 van het Wetboek van Vennootschappen en Verenigingen. Vennootschappen. De vennootschap is verbonden door de rechtshandelingen verricht door haar organen van vertegenwoordiging, zelfs indien die handelingen buiten haar voorwerp liggen, tenzij de vennootschap bewijst dat de derde daarvan op de hoogte was of er, gezien de omstandigheden, niet onkundig van kon zijn; bekendmaking van de statuten alleen is echter geen voldoende bewijs. De vennootschap is opgericht voor een onbepaalde duur.
- Board ruleHow the board is made up, meets and takes decisions.
- “Bevoegdheden bestuurders, handelingen voorbehouden aan algemene vergadering door wet of statuten” (deed in Dutch)3 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naargelang behoeften en op door hem bepaalde tijdstippen, in speciën onderschreven en niet geheel volgestorte aandelen” (deed in Dutch)“Per e-mail,of per gewone post indien geen e-mailadres,op zelfde dag als e-mail, 15” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of September at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed