YSE
ActiveSummary
The computed 12-month bankruptcy probability of YSE is 5.9% (elevated). The 2024 annual accounts show equity of €30,956 and a net result of €6,859. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 6718 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77=
Solvency55▼-3
Growth78=
Track record94
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 1.0 against 1.29 in 2023; short-term debt: 52.8% and cash: 0% of total assets), and 69.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
30.4%
Return on assets
6.7%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d early
2022
28 d early
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€30,956▲ 28.5%
2023 · €24,097
Total assets
€101,954▲ 38.4%
2023 · €73,641
Net result
€6,859▲ 46.2%
2023 · €4,693
Working capital
-€140
2023 · €10,198
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€2,527-€17,055▲ 575%€9,901▼ 41.9%€13,685▲ 38.2%
Net result€1,973within the sector's middle half-€15,432within the sector's middle half▲ 682%€4,693within the sector's middle half▼ 69.6%€6,859within the sector's middle half▲ 46.2%
Equity€3,973below the sector's middle half-€19,404within the sector's middle half▲ 388%€24,097within the sector's middle half▲ 24.2%€30,956within the sector's middle half▲ 28.5%
Total assets€43,750within the sector's middle half-€57,293within the sector's middle half▲ 31.0%€73,641within the sector's middle half▲ 28.5%€101,954within the sector's middle half▲ 38.4%
Debt€39,778-€37,889▼ 4.7%€49,543▲ 30.8%€70,998▲ 43.3%
Working capital-€4,032within the sector's middle half-€12,719within the sector's middle half€10,198within the sector's middle half▼ 19.8%-€140within the sector's middle half
Solvency9.1%below the sector's middle half-33.9%within the sector's middle half▲ 24.8pp32.7%within the sector's middle half▼ 1.1pp30.4%within the sector's middle half▼ 2.4pp
Current ratio0.77below the sector's middle half-1.63within the sector's middle half▲ 0.861.29within the sector's middle half▼ 0.341.00within the sector's middle half▼ 0.29
Return on assets (ROA)4.5%within the sector's middle half-26.9%above the sector's middle half▲ 22.4pp6.4%within the sector's middle half▼ 20.6pp6.7%within the sector's middle half▲ 0.4pp
Staff (FTE)0.1-0.7▲ 600%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101,954
Fixed assets
€48,249 ▲ 71.3%
Current assets
€53,705 ▲ 18.1%
Equity and liabilities €101,954
Equity
€30,956 ▲ 28.5%
Debt
€70,998 ▲ 43.3%
Debt's share of the balance-sheet total rises from 67.3% to 69.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,264▲
2023 · €19,400
Cash flow
€26,438▲
2023 · €14,191
Debt to equity
2.29▲
2023 · 2.06
ROE
22.2%▲
2023 · 19.5%
Interest coverage
8.59▲
2023 · 6.20
Debt ≤ 1 year
€53,846▲
2023 · €35,276
Debt > 1 year
€17,152▲
2023 · €14,267
Income taxes
€2,952▲
2023 · €2,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 26,975 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,499 | €12,057 | €168 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,172 | €7,236 | €9,498 | €19,579 | ▲ 106% |
| Other operating charges640/8 | €451 | €1,688 | €1,448 | €3,199 | ▲ 121% |
| Gross operating margin9900 | €8,649 | €38,035 | €21,016 | €36,462 | ▲ 73.5% |
| Operating profit (loss)9901 | €2,527 | €17,055 | €9,901 | €13,685 | ▲ 38.2% |
| Financial charges65/66B | €554 | €1,623 | €3,129 | €3,874 | ▲ 23.8% |
| Recurring financial charges65 | €554 | €1,623 | €3,129 | €3,874 | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €1,973 | €15,432 | €6,772 | €9,811 | ▲ 44.9% |
| Income taxes67/77 | - | - | €2,079 | €2,952 | ▲ 42.0% |
| Profit (loss) for the period9904 | €1,973 | €15,432 | €4,693 | €6,859 | ▲ 46.2% |
| Profit (loss) for the period to be appropriated9905 | €1,973 | €15,432 | €4,693 | €6,859 | ▲ 46.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43,750 | €57,293 | €73,641 | €101,954 | ▲ 38.4% |
| Fixed assets21/28 | €30,335 | €24,464 | €28,166 | €48,249 | ▲ 71.3% |
| Tangible fixed assets22/27 | €30,335 | €24,464 | €28,166 | €48,249 | ▲ 71.3% |
| Furniture and vehicles24 | €569 | €1,389 | €11,780 | €23,151 | ▲ 96.5% |
| Leasing and similar rights25 | €29,766 | €23,076 | €16,386 | €25,098 | ▲ 53.2% |
| Current assets29/58 | €13,415 | €32,828 | €45,474 | €53,705 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €13,412 | €32,816 | €40,270 | €53,689 | ▲ 33.3% |
| Trade receivables40 | €11,327 | €16,933 | €11,001 | €48,617 | ▲ 342% |
| Other amounts receivable41 | €2,085 | €15,883 | €29,269 | €5,072 | ▼ 82.7% |
| Cash at bank and in hand54/58 | €3 | €12 | €5,205 | €16 | ▼ 99.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43,750 | €57,293 | €73,641 | €101,954 | ▲ 38.4% |
| Equity10/15 | €3,973 | €19,404 | €24,097 | €30,956 | ▲ 28.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €1,973 | €17,404 | €22,097 | €28,956 | ▲ 31.0% |
| Amounts payable17/49 | €39,778 | €37,889 | €49,543 | €70,998 | ▲ 43.3% |
| Amounts payable after more than one year17 | €22,330 | €17,780 | €14,267 | €17,152 | ▲ 20.2% |
| Financial debts170/4 | €22,330 | €17,780 | €14,267 | €17,152 | ▲ 20.2% |
| Amounts payable within one year42/48 | €17,447 | €20,109 | €35,276 | €53,846 | ▲ 52.6% |
| Current portion of amounts payable after more than one year42 | €4,348 | €4,551 | €9,571 | €14,573 | ▲ 52.3% |
| Trade debts44 | €8,991 | €7,485 | €15,749 | €31,375 | ▲ 99.2% |
| Suppliers440/4 | €8,991 | €7,485 | €15,749 | €31,375 | ▲ 99.2% |
| Taxes, remuneration and social security45 | €4,108 | €8,074 | €9,956 | €7,898 | ▼ 20.7% |
| Taxes450/3 | €809 | €7,447 | €9,956 | €7,898 | ▼ 20.7% |
| Remuneration and social security454/9 | €3,299 | €627 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,973 | €15,432 | €4,693 | €6,859 | ▲ 46.2% |
| + Depreciation and write-downs630 | €4,172 | €7,236 | €9,498 | €19,579 | ▲ 106% |
| Operating cash flow (approximation) | €6,145 | €22,667 | €14,191 | €26,438 | ▲ 86.3% |
| Investment in fixed assets (approximation) | - | -€1,365 | -€13,200 | -€39,661 | ▼ 200% |
| Change in cash | - | €9 | €5,192 | -€5,189 | ▼ 200% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €15,432 ▲682%
Operating result €17,055, net result €15,432, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.63
Current ratio from 0.77 to 1.63.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2021
Ground area
142 m²
Building footprint
112 m²
Volume, LiDAR
1,101 m³
Parcel 21903B0008/00R000, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
YSE
since 20212.312.578.087
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0008/00R000 | Brussels | 142 m² | 1 · 112 m² | 13.8 m · 3 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 5,539 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
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
53200Other postal and courier activities
Contact
E-mail
ysesrl@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761590847
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.