Liquidity
6.65 was 3.16 in 2023
Short-term debts fell from €29,952 to €13,175.
YR CONSTRUCT
Lifetime
5 annual accounts with figures on one time axispeak €74,442 (2023)
-€2,771▼ €77,212
lowest -€13,209 (2024)
-€13,209▼ €48,865
peak €93,908 (2023)
€80,699▼ 14.1%
€13,175▼ 56.6%
Board2 names since 2019
1 directorRizvan Yavuz
Documentsfilings and deeds
07-10-202568 days late
2024micro format
Gross margin from €74,442 to -€2,771Loss of €13,209Resignation: Anna Yavuz (director) 08-08Appointment: Anna Yavuz (director) 01-03Equity from €93,908 to €80,699Debts from €30,336 to €13,175
Key points
from the 2024 annual accountsFilings
5 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€13,209
Lower net result than 88% of companies in construction of buildings. Sector median €7,912 · 9,823 companies.
Turnover not published (micro format)
Checked score
38
Weak
Financially stronger than 47% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.0%▼ -0.1 percentage points vs 12-2024
02-2025: 2.9%▼ -0.1 percentage points vs 01-2025
03-2025: 2.8%▼ -0.1 percentage points vs 02-2025
04-2025: 2.9%▲ +0.1 percentage points vs 03-2025
05-2025: 2.9%● unchanged vs 04-2025
06-2025: 2.9%● unchanged vs 05-2025
07-2025: 2.9%● unchanged vs 06-2025
08-2025: 3.3%▲ +0.4 percentage points vs 07-2025
09-2025: 3.4%▲ +0.1 percentage points vs 08-2025
10-2025: 4.0%▲ +0.6 percentage points vs 09-2025
11-2025: 3.4%▼ -0.6 percentage points vs 10-2025
12-2025: 3.4%● unchanged vs 11-2025
01-2026: 3.3%▼ -0.1 percentage points vs 12-2025
02-2026: 2.8%▼ -0.5 percentage points vs 01-2026
03-2026: 2.8%● unchanged vs 02-2026
04-2026: 2.8%● unchanged vs 03-2026
05-2026: 2.7%▼ -0.1 percentage points vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026lowest value
07-2026: 2.8%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▲ +0.5 percentage points vs 07-2026
09-2026: 3.5%▲ +0.2 percentage points vs 08-2026
10-2026: 4.8%▲ +1.3 percentage points vs 09-2026highest value
11-2026: 4.8%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 68 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 08-10-2025)
Founded in 2019
Sector: Construction of residential and non-residential buildings (NACE 41)
Calculation
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 41, micro). It does better than 92% of them on solvency, 64% on liquidity, 10% on profitability and 22% 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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as YR CONSTRUCT has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of YR CONSTRUCT itself is higher: 4.8% within 12 months. It rests on far more data about YR CONSTRUCT than the profile alone.
Test of the method
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 3,591 companies, not a prediction for YR CONSTRUCT. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 6.65 (3.16 in 2023), above the usual 1.5. Short-term debt is 14% and cash 9.3% of total assets. 14% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 68 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
68 days late
2023
30 days late
2022
31 days late
2021
24 days late
2020
240 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 79 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Anna Yavuz (director)
Director discharge: Anna Yavuz · General meeting of 03-05-2024 · Gazette deed
Appointment: Anna Yavuz (director)
General meeting of 12-01-2024 · Gazette deed
Purpose change · Amendment of the articles
“Aan- en verkoop, onderhoud en herstellingen van nieuwe en tweedehandswagens, terreinvoertuigen, bestelwagens…” (deed in Dutch) · General meeting of 25-05-2023 · Gazette deed
Resignation: Anna Yavuz (director)
Appointment: Rizvan Yavuz (director) · General meeting of 09-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| YR CONSTRUCT Heusden-Zolder | €93,874 | -€2,771 | 86.0% | - |
| Struxis Lommel | €78,137 | -€28,740 | 90.6% | - |
| AA SMARTCON Genk | €107,150 | -€143,446 | 96.0% | - |
| BK-Build Antwerp | €100,749 | -€20,055 | -0.6% | - |
| DC IMMO Herent | €89,146 | -€4,374 | 35.3% | 0 |
| DE LUZE Ixelles | €97,477 | -€30,270 | 84.8% | - |
| RENOGEST De Panne | €89,590 | -€4,056 | 2.0% | - |
These companies have the same main activity as YR CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €78,100 and €107,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 19-11-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.296.967.3243550 Heusden-Zolder, since 19-11-2019
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on YR CONSTRUCT
YR CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €30,001 in 2020 to -€2,771 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about YR CONSTRUCT
- What is the company number of YR CONSTRUCT?
- The company number of YR CONSTRUCT is 0737.848.811. The VAT number is the same number with BE in front: BE 0737.848.811.
- Where is YR CONSTRUCT based?
- The registered office is at Terlaemenlaan 1, 3550 Heusden-Zolder.Company details
- What does YR CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of YR CONSTRUCT?
- YR CONSTRUCT is a private limited company (BV).
- When was YR CONSTRUCT founded?
- YR CONSTRUCT was founded on 19-11-2019.
- Is YR CONSTRUCT still active?
- Yes, YR CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of YR CONSTRUCT?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is YR CONSTRUCT profitable?
- In financial year 2024, YR CONSTRUCT made a loss of €13,209.
- Where can I find the annual accounts of YR CONSTRUCT?
- YR CONSTRUCT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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