YSALINE
ActiveYSALINE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €912k and a net result of €33k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 95% of 404 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-1
Solvency100▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 42.68 against 2.98 in 2024; short-term debt: 1.7% and cash: 4.3% of total assets), and 1.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.2%
Return on assets
3.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
34 d early
2023
37 d early
2022
31 d early
2021
33 d early
2020
31 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€912k▲ 3.7%
2024 · €880k
2018: €987k
2019: €1.18M
2020: €754k
2021: €763k
2022: €794k
2023: €832k
2024: €880k
2018 → 2025
Total assets
€929k▼ 22.0%
2024 · €1.19M
2018: €2.07M
2019: €1.87M
2020: €912k
2021: €1.09M
2022: €1.10M
2023: €1.15M
2024: €1.19M
2018 → 2025
Net result
€33k▼ 31.0%
2024 · €48k
2018: €-8k
2019: €189k
2020: €-421k
2021: €9k
2022: €30k
2023: €38k
2024: €48k
2018 → 2025
Working capital
€661k▲ 7.2%
2024 · €617k
2018: €624k
2019: €1.59M
2020: €706k
2021: €591k
2022: €496k
2023: €551k
2024: €617k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€763k-€794k▲ 4.0%€832k▲ 4.8%€880k▲ 5.7%€912k▲ 3.7%
Operating result€8k-€27k▲ 231%€33k▲ 24.8%€46k▲ 39.0%€35k▼ 24.2%
Net result€9k-€30k▲ 230%€38k▲ 26.8%€48k▲ 23.9%€33k▼ 31.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €929k
Fixed assets
€252k▼ 4.1%
Current assets
€677k▼ 27.1%
Equity and liabilities €929k
Equity
€912k▲ 3.7%
Debt
€17k▼ 94.7%
The debt ratio falls from 26.1% to 1.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €65k
Cash flow
€52k▼
2024 · €67k
Solvency
98.2%▲
2024 · 73.9%
Current ratio
42.68▲
2024 · 2.98
Quick ratio
41.82▲
2024 · 2.93
Debt / equity
0.02▼
2024 · 0.35
ROE
3.6%▼
2024 · 5.4%
ROA
3.5%▼
2024 · 4.0%
Interest coverage
253.06▼
2024 · 270.69
Debt
€17k▼
2024 · €311k
Debt ≤ 1 year
€16k▼
2024 · €311k
Income taxes
€3k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€929k▼
Fixed assets21/28€263k€252k▼
Tangible fixed assets22/27€263k€252k▼
Land and buildings22€263k€245k▼
Furniture and vehicles24-€7k
Current assets29/58€928k€677k▼
Amounts receivable after more than one year29€600k€600k=
Other amounts receivable291€600k€600k=
Stocks and contracts in progress3€15k€14k▼
Stocks30/36€15k€14k▼
Amounts receivable within one year40/41€30k€21k▼
Trade receivables40€29k€20k▼
Other amounts receivable41€1k€449▼
Current investments50/53€200k€0▼
Cash at bank and in hand54/58€80k€40k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€929k▼
Equity10/15€880k€912k▲
Contributions10/11€795k€795k=
Reserves13€85k€117k▲
Distributable reserves133€85k€117k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€311k€17k▼
Amounts payable within one year42/48€311k€16k▼
Trade debts44€7k€467▼
Suppliers440/4€7k€467▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€297k€6k▼
Accrued charges and deferred income492/3€0€670▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▼
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€70k€61k▼
Operating profit (loss)9901€46k€35k▼
Financial income75/76B€6k€1k▼
Recurring financial income75€6k€1k▼
Financial charges65/66B€241€212▼
Recurring financial charges65€241€212▼
Profit (loss) for the period before taxes9903€52k€36k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€48k€33k▼
Profit (loss) for the period to be appropriated9905€48k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€33k▲
Profit (loss) brought forward from the previous period14P€-43k€0▲
Transfer from equity791/2€43k€0▼
Transfer to equity691/2€48k€33k▼
To other reserves6921€48k€33k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 14current ratio 42.68
Current ratio from 2.98 to 42.68; short-term debt falls from €311k to €16k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-421k ▼323%
Net result drops to €-421k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 60.52
Current ratio from 23.76 to 60.52; short-term debt falls from €70k to €12k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €189k
Net result €189k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 23.76
Current ratio from 2.88 to 23.76; short-term debt falls from €331k to €70k.
31-12
Financial
Equity above €1MEq €1.18M ▲19.1%
Equity rises from €987k to €1.18M.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Edmond Depraterestraat(Kor) 58500 Kortrijk1 establishment unit
YSALINE
since 20052.150.999.843
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ARTIMPEX
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Sint-Pieters-Leeuw · Eq €963k
Of 346 companies in sector 28990 we hold annual accounts for 278. 190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2005
Fiscal year end31-12
Activities, NACEBEL
28990Manufacture of machinery and equipment not elsewhere classified
46494Wholesale of non-electrical household articles
47559Retail sale of other household articles
47599Retail trade
47783Retail trade
47784Retail trade
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.