YR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of YR CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €80,699 and a net result of -€13,209. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 9976 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-99
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 6.65 against 3.16 in 2023; short-term debt: 14% and cash: 9.3% of total assets), and 14% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
86%
Return on assets
-14.1%
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 07-10-2025, 68 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
30 d late
2022
31 d late
2021
24 d late
2020
240 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 79 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€80,699▼ 14.1%
2023 · €93,908
Total assets
€93,874▼ 24.4%
2023 · €124,244
Net result
-€13,209
2023 · €35,656
Working capital
€74,405▲ 15.1%
2023 · €64,665
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€29,089-€14,328▼ 50.7%€18,546▲ 29.4%€59,368▲ 220%-€15,968
Net result€24,626-€11,544▼ 53.1%€17,081▲ 48.0%€35,656▲ 109%-€13,209
Equity€29,626-€41,170▲ 39.0%€58,252▲ 41.5%€93,908▲ 61.2%€80,699▼ 14.1%
Total assets€49,692-€64,066▲ 28.9%€66,631▲ 4.0%€124,244▲ 86.5%€93,874▼ 24.4%
Debt€20,066-€22,896▲ 14.1%€8,379▼ 63.4%€30,336▲ 262%€13,175▼ 56.6%
Working capital€29,626-€41,170▲ 39.0%€52,945▲ 28.6%€64,665▲ 22.1%€74,405▲ 15.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,968 after €59,368 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93,874
Fixed assets
€6,294 ▼ 78.8%
Current assets
€87,580 ▼ 7.4%
Equity and liabilities €93,874
Equity
€80,699 ▼ 14.1%
Debt
€13,175 ▼ 56.6%
Debt's share of the balance-sheet total falls from 24.4% to 14.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,924▼
2023 · €63,200
Cash flow
-€10,164▼
2023 · €39,488
Current ratio
6.65▲
2023 · 3.16
Debt to equity
0.16▼
2023 · 0.32
ROE
-16.4%▼
2023 · 38.0%
ROA
-14.1%▼
2023 · 28.7%
Interest coverage
-14.51▼
2023 · 436.73
Debt ≤ 1 year
€13,175▼
2023 · €29,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €985 | €3,832 | €3,044 | ▼ 20.6% |
| Other operating charges640/8 | - | €25,142 | €18,099 | €11,242 | €1,352 | ▼ 88.0% |
| Non-recurring operating charges66A | - | - | - | - | €8,801 | - |
| Gross operating margin9900 | €30,001 | €39,470 | €37,630 | €74,442 | -€2,771 | ▼ 104% |
| Operating profit (loss)9901 | €29,089 | €14,328 | €18,546 | €59,368 | -€15,968 | ▼ 127% |
| Financial income75/76B | - | €1,793 | €2,923 | €2,327 | €3,650 | ▲ 56.9% |
| Recurring financial income75 | €1,139 | €1,793 | €2,923 | €2,327 | €3,650 | ▲ 56.9% |
| Financial charges65/66B | - | €1,515 | €181 | €16,171 | €891 | ▼ 94.5% |
| Recurring financial charges65 | €533 | €1,515 | €181 | €145 | €891 | ▲ 516% |
| Non-recurring financial charges66B | - | - | - | €16,026 | - | - |
| Profit (loss) for the period before taxes9903 | €29,695 | €14,606 | €21,288 | €45,525 | -€13,209 | ▼ 129% |
| Income taxes67/77 | €5,069 | €3,061 | €4,207 | €9,868 | - | - |
| Profit (loss) for the period9904 | €24,626 | €11,544 | €17,081 | €35,656 | -€13,209 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €24,626 | €11,544 | €17,081 | €35,656 | -€13,209 | ▼ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,692 | €64,066 | €66,631 | €124,244 | €93,874 | ▼ 24.4% |
| Fixed assets21/28 | - | - | €5,306 | €29,627 | €6,294 | ▼ 78.8% |
| Tangible fixed assets22/27 | - | - | €5,206 | €29,527 | €6,194 | ▼ 79.0% |
| Plant, machinery and equipment23 | - | - | €1,535 | €25,849 | €4,113 | ▼ 84.1% |
| Furniture and vehicles24 | - | - | €3,672 | €3,678 | €2,081 | ▼ 43.4% |
| Financial fixed assets28 | - | - | €100 | €100 | €100 | = |
| Current assets29/58 | €49,692 | €64,066 | €61,325 | €94,617 | €87,580 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €49,661 | €64,045 | €61,166 | €84,484 | €78,540 | ▼ 7.0% |
| Trade receivables40 | - | €18,398 | €10,995 | €11,593 | €17,625 | ▲ 52.0% |
| Other amounts receivable41 | - | €45,647 | €50,171 | €72,891 | €60,915 | ▼ 16.4% |
| Cash at bank and in hand54/58 | €30 | €21 | €9 | €10,046 | €8,695 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | - | - | €150 | €87 | €346 | ▲ 296% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,692 | €64,066 | €66,631 | €124,244 | €93,874 | ▼ 24.4% |
| Equity10/15 | €29,626 | €41,170 | €58,252 | €93,908 | €80,699 | ▼ 14.1% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €24,626 | €36,170 | €53,252 | €88,908 | €88,908 | = |
| Distributable reserves133 | - | €36,170 | €53,252 | €88,908 | €88,908 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€13,209 | - |
| Amounts payable17/49 | €20,066 | €22,896 | €8,379 | €30,336 | €13,175 | ▼ 56.6% |
| Amounts payable within one year42/48 | €20,066 | €22,896 | €8,379 | €29,952 | €13,175 | ▼ 56.0% |
| Trade debts44 | €14,458 | €14,474 | €1,112 | €20,116 | €736 | ▼ 96.3% |
| Suppliers440/4 | - | €14,474 | €1,112 | €20,116 | €736 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | €8,422 | €7,267 | €9,835 | €12,439 | ▲ 26.5% |
| Taxes450/3 | - | €8,422 | €7,267 | €9,835 | €12,439 | ▲ 26.5% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,626 | €11,544 | €17,081 | €35,656 | -€13,209 | ▼ 137% |
| + Depreciation and write-downs630 | - | - | €985 | €3,832 | €3,044 | ▼ 20.6% |
| Operating cash flow (approximation) | €24,626 | €11,544 | €18,066 | €39,488 | -€10,164 | ▼ 126% |
| Investment in fixed assets (approximation) | - | - | - | -€28,153 | €20,289 | ▲ 172% |
| Change in cash | - | -€9 | -€12 | €10,037 | -€1,352 | ▼ 113% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet -€13,209
Net result drops to -€13,209, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.65
Current ratio from 3.16 to 6.65; short-term debt falls from €29,952 to €13,175.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €35,656 ▲109%
Operating result €59,368, net result €35,656, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 7.32
Current ratio from 2.80 to 7.32; short-term debt falls from €22,896 to €8,379.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 240 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Heusden-Zolder · 1 establishment unit since 2019
Ground area
597 m²
Building footprint
175 m²
Volume, LiDAR
1,008 m³
Parcel 71065F0504/00R000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Terlaemenlaan 1, 3550 Heusden-Zolder
since 20192.296.967.324
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0504/00R000 | Flanders | 597 m² | 1 · 175 m² | 10.1 m · 2 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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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,181 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
Founded19-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
rizvanyavuz@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.