YS ENGINEERING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-04-2026 PDF all 13 filings
Turnover
≈ €120,000
Estimated: probably between €70,000 and €270,000
Total assets
€267,947▼ 7.0%
2024 · €287,987
Net result
€609▼ 86.4%
2024 · €4,469
Working capital
€2,544▼ 83.9%
2024 · €15,849
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€5,612
▼ 20.8%
2025
20192025
Net result
€609
▼ 86.4%
2025
lowest quarter of the sector
20192025
Equity
€120,694
▲ 0.5%
2025
middle half of the sector
20192025
Total assets
€267,947
▼ 7.0%
2025
middle half of the sector
20192025
Debt
€147,253
▼ 12.3%
2025
20192025
Working capital
€2,544
▼ 83.9%
2025
lowest quarter of the sector
20192025
Solvency
45.0%
▲ 3.3pp
2025
middle half of the sector
20192025
Current ratio
1.05
▼ 0.26
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
0.2%
▼ 1.3pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€11,197-€13,065▲ 16.7%-€10,232€14,856€2,962▼ 80.1%€7,085▲ 139%€5,612▼ 20.8%
Net result€4,229-€5,099within the sector's middle half▲ 20.6%-€12,366below the sector's middle half€11,226within the sector's middle half-€3,178below the sector's middle half€4,469within the sector's middle half€609below the sector's middle half▼ 86.4%
Equity€108,683-€113,782within the sector's middle half▲ 4.7%€101,417within the sector's middle half▼ 10.9%€118,793within the sector's middle half▲ 17.1%€115,615within the sector's middle half▼ 2.7%€120,084within the sector's middle half▲ 3.9%€120,694within the sector's middle half▲ 0.5%
Total assets€368,876-€352,067above the sector's middle half▼ 4.6%€303,313within the sector's middle half▼ 13.8%€336,257above the sector's middle half▲ 10.9%€320,817above the sector's middle half▼ 4.6%€287,987within the sector's middle half▼ 10.2%€267,947within the sector's middle half▼ 7.0%
Debt€260,193-€238,284▼ 8.4%€201,896▼ 15.3%€217,464▲ 7.7%€205,202▼ 5.6%€167,902▼ 18.2%€147,253▼ 12.3%
Working capital€40,097-€40,620within the sector's middle half▲ 1.3%€27,222within the sector's middle half▼ 33.0%€11,568within the sector's middle half▼ 57.5%€30,353within the sector's middle half▲ 162%€15,849within the sector's middle half▼ 47.8%€2,544below the sector's middle half▼ 83.9%
Solvency29.5%-32.3%within the sector's middle half▲ 2.9pp33.4%within the sector's middle half▲ 1.1pp35.3%within the sector's middle half▲ 1.9pp36.0%within the sector's middle half▲ 0.7pp41.7%within the sector's middle half▲ 5.7pp45.0%within the sector's middle half▲ 3.3pp
Current ratio1.53-1.60within the sector's middle half▲ 0.071.61within the sector's middle half=1.16below the sector's middle half▼ 0.451.53within the sector's middle half▲ 0.381.30within the sector's middle half▼ 0.231.05below the sector's middle half▼ 0.26
Return on assets (ROA)1.1%-1.4%within the sector's middle half▲ 0.3pp-4.1%below the sector's middle half▼ 5.5pp3.3%within the sector's middle half▲ 7.4pp-1.0%below the sector's middle half▼ 4.3pp1.6%within the sector's middle half▲ 2.5pp0.2%below the sector's middle half▼ 1.3pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 21% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267,947
Fixed assets
€209,544 ▼ 4.7%
Current assets
€58,402 ▼ 14.3%
Equity and liabilities €267,947
Equity
€120,694 ▲ 0.5%
Debt
€147,253 ▼ 12.3%
Debt's share of the balance-sheet total falls from 58.3% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,471▼
2024 · €21,891
Cash flow
€15,468▼
2024 · €19,275
Quick ratio
1.02▼
2024 · 1.30
Debt to equity
1.22▼
2024 · 1.40
ROE
0.5%▼
2024 · 3.7%
Interest coverage
3.77▼
2024 · 8.25
Debt ≤ 1 year
€55,858▲
2024 · €52,279
Debt > 1 year
€91,395▼
2024 · €115,624
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €46,305 | - | €1,279 | €4,545 |
| Depreciation and write-downs of the year | €12,693 | €26,585 | €20,175 | €14,806 | €14,859 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,803 | €12,318 | €12,693 | €26,585 | €20,175 | €14,806 | €14,859 | ▲ 0.4% |
| Other operating charges640/8 | - | - | €3,443 | €2,231 | €2,255 | €2,153 | €1,779 | ▼ 17.4% |
| Gross operating margin9900 | €25,145 | €26,016 | €5,943 | €43,672 | €25,392 | €24,043 | €22,250 | ▼ 7.5% |
| Operating profit (loss)9901 | €11,197 | €13,065 | -€10,232 | €14,856 | €2,962 | €7,085 | €5,612 | ▼ 20.8% |
| Financial income75/76B | - | - | €6,059 | €127 | €47 | €234 | €428 | ▲ 83.3% |
| Recurring financial income75 | €143 | €1 | €71 | €127 | €47 | €234 | €428 | ▲ 83.3% |
| Non-recurring financial income76B | - | - | €5,988 | - | - | - | - | - |
| Financial charges65/66B | - | - | €4,868 | €4,948 | €5,892 | €2,654 | €5,431 | ▲ 105% |
| Recurring financial charges65 | €5,280 | €4,855 | €4,868 | €4,948 | €5,892 | €2,654 | €5,431 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €6,060 | €8,211 | -€9,041 | €10,036 | -€2,883 | €4,664 | €609 | ▼ 86.9% |
| Income taxes67/77 | €1,831 | €3,112 | €3,324 | -€1,190 | €295 | €195 | - | - |
| Profit (loss) for the period9904 | €4,229 | €5,099 | -€12,366 | €11,226 | -€3,178 | €4,469 | €609 | ▼ 86.4% |
| Profit (loss) for the period to be appropriated9905 | €4,229 | €5,099 | -€12,366 | €11,226 | -€3,178 | €4,469 | €609 | ▼ 86.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €368,876 | €352,067 | €303,313 | €336,257 | €320,817 | €287,987 | €267,947 | ▼ 7.0% |
| Fixed assets21/28 | €252,628 | €243,859 | €231,166 | €250,886 | €233,386 | €219,859 | €209,544 | ▼ 4.7% |
| Tangible fixed assets22/27 | €234,028 | €225,259 | €212,566 | €232,286 | €214,786 | €201,259 | €190,944 | ▼ 5.1% |
| Land and buildings22 | - | - | €207,500 | €197,000 | €186,500 | €181,250 | €176,000 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,023 | €1,710 | ▲ 67.1% |
| Furniture and vehicles24 | - | - | €5,066 | €35,286 | €28,286 | €18,986 | €10,126 | ▼ 46.7% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €3,109 | - |
| Financial fixed assets28 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Current assets29/58 | €116,248 | €108,207 | €72,147 | €85,371 | €87,431 | €68,128 | €58,402 | ▼ 14.3% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €1,200 | - |
| Contracts in progress37 | - | - | - | - | - | - | €1,200 | - |
| Amounts receivable within one year40/41 | €5,619 | €5,234 | €19,093 | €30,260 | €29,505 | €43,543 | €35,043 | ▼ 19.5% |
| Trade receivables40 | - | - | €14,916 | €29,981 | €29,505 | €22,092 | €17,167 | ▼ 22.3% |
| Other amounts receivable41 | - | - | €4,177 | €279 | - | €21,451 | €17,876 | ▼ 16.7% |
| Current investments50/53 | - | - | - | - | - | €20,000 | - | - |
| Cash at bank and in hand54/58 | €110,629 | €102,974 | €53,054 | €55,111 | €57,925 | €4,585 | €22,159 | ▲ 383% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €368,876 | €352,067 | €303,313 | €336,257 | €320,817 | €287,987 | €267,947 | ▼ 7.0% |
| Equity10/15 | €108,683 | €113,782 | €101,417 | €118,793 | €115,615 | €120,084 | €120,694 | ▲ 0.5% |
| Contributions10/11 | €12,450 | €12,450 | €12,450 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €12,450 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €6,150 | - | - | - | - | - |
| Reserves13 | €96,233 | €101,332 | €88,967 | €100,193 | €97,015 | €101,484 | €102,094 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €87,107 | €98,333 | €95,155 | €99,624 | €100,234 | ▲ 0.6% |
| Amounts payable17/49 | €260,193 | €238,284 | €201,896 | €217,464 | €205,202 | €167,902 | €147,253 | ▼ 12.3% |
| Amounts payable after more than one year17 | €182,442 | €167,197 | €151,721 | €136,012 | €139,474 | €115,624 | €91,395 | ▼ 21.0% |
| Financial debts170/4 | - | - | €151,721 | €136,012 | €139,474 | €115,624 | €91,395 | ▼ 21.0% |
| Amounts payable within one year42/48 | €76,151 | €67,588 | €44,925 | €73,802 | €57,078 | €52,279 | €55,858 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | €14,195 | €48,440 | €23,479 | €23,851 | €24,229 | ▲ 1.6% |
| Trade debts44 | €18,074 | €11,747 | €485 | €670 | €3,303 | €3,886 | - | - |
| Suppliers440/4 | - | - | €485 | €670 | €3,303 | €3,886 | - | - |
| Advances received on contracts in progress46 | - | - | - | €3,000 | - | - | €1,452 | - |
| Taxes, remuneration and social security45 | - | - | €352 | €644 | €5,536 | €1,850 | €2,369 | ▲ 28.0% |
| Taxes450/3 | - | - | €352 | €644 | €5,536 | €1,850 | €2,369 | ▲ 28.0% |
| Other amounts payable47/48 | - | - | €29,893 | €21,047 | €24,760 | €22,691 | €27,809 | ▲ 22.6% |
| Accrued charges and deferred income492/3 | - | - | €5,250 | €7,650 | €8,650 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,229 | €5,099 | -€12,366 | €11,226 | -€3,178 | €4,469 | €609 | ▼ 86.4% |
| + Depreciation and write-downs630 | €11,803 | €12,318 | €12,693 | €26,585 | €20,175 | €14,806 | €14,859 | ▲ 0.4% |
| Operating cash flow (approximation) | €16,033 | €17,418 | €328 | €37,811 | €16,997 | €19,275 | €15,468 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€3,550 | €0 | -€46,305 | -€2,675 | -€1,279 | -€4,545 | ▼ 255% |
| Change in cash | - | -€7,655 | -€49,919 | €2,057 | €2,814 | -€53,341 | €17,574 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as YS ENGINEERING has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of YS ENGINEERING itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 10,904 companies, not a prediction for YS ENGINEERING. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 08-04-2026 | 2026-00074085 | |
| 30-09-2024 | micro format | 02-04-2025 | 2025-00061273 | |
| 30-09-2023 | micro format | 15-04-2024 | 2024-00062519 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068643 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20005814 | |
| 30-09-2020 | micro format | 06-04-2021 | 2021-09700070 | |
| 30-09-2019 | micro format | 14-04-2020 | 2020-08900491 | |
| 30-09-2018 | micro format | 09-04-2019 | 2019-09600230 | |
| 30-09-2017 | micro format | 03-04-2018 | 2018-08500591 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-07600585 |