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YSEE

Active
Private limited companyfounded 20224 yrs activeRue du Paradis 38, 1400 Nivelles, BelgiumKBO/BCE: BE 0786.537.564
Summary

YSEE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,208 and a net result of €16,644. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 15371 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency65▼-13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.7 in 2023; short-term debt: 59.5% and cash: 20.2% of total assets), and 59.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
40.5%
Return on assets
23.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
36 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

YSEE was incorporated on 24 May 2022 as a Private limited company.1 Total assets rose from EUR 11,424 in 2022 to EUR 72,171 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€29,208▼ 22.2%
2023 · €37,564
Total assets
€72,171▲ 1.5%
2023 · €71,082
Net result
€16,644▼ 48.1%
2023 · €32,067
Working capital
€17,013▼ 27.8%
2023 · €23,550
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€5,169-€41,218▲ 697%€20,888▼ 49.3%
Net result€3,998below the sector's middle half-€32,067within the sector's middle half▲ 702%€16,644within the sector's middle half▼ 48.1%
Equity€5,498below the sector's middle half-€37,564within the sector's middle half▲ 583%€29,208below the sector's middle half▼ 22.2%
Total assets€11,424below the sector's middle half-€71,082below the sector's middle half▲ 522%€72,171below the sector's middle half▲ 1.5%
Debt€5,926-€33,518▲ 466%€42,963▲ 28.2%
Working capital€4,447below the sector's middle half-€23,550within the sector's middle half▲ 430%€17,013within the sector's middle half▼ 27.8%
Solvency48.1%within the sector's middle half-52.8%within the sector's middle half▲ 4.7pp40.5%within the sector's middle half▼ 12.4pp
Current ratio1.75within the sector's middle half-1.70within the sector's middle half▼ 0.051.40within the sector's middle half▼ 0.31
Return on assets (ROA)35.0%above the sector's middle half-45.1%above the sector's middle half▲ 10.1pp23.1%within the sector's middle half▼ 22.1pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
€0€20,000€40,000Operating result 2022: €5,169€5,169Net result 2022: €3,998€3,998Operating result 2023: €41,218€41,218Net result 2023: €32,067€32,067Operating result 2024: €20,888€20,888Net result 2024: €16,644€16,644202220232024€0€20,000€40,000Operating result 2022: €5,169€5,170Net result 2022: €3,998€4,000Operating result 2023: €41,218€41,200Net result 2023: €32,067€32,100Operating result 2024: €20,888€20,900Net result 2024: €16,644€16,600202220232024
The operating result falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72,171
Fixed assets €12,195 ▼ 13.0%
Current assets €59,976 ▲ 5.1%
Equity and liabilities €72,171
Equity €29,208 ▼ 22.2%
Debt €42,963 ▲ 28.2%
Debt's share of the balance-sheet total rises from 47.2% to 59.5%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€29,398▼
2023 · €48,254
Cash flow
€25,154▼
2023 · €39,103
Debt to equity
1.47▲
2023 · 0.89
ROE
57.0%▼
2023 · 85.4%
Interest coverage
190.54▼
2023 · 451.23
Debt ≤ 1 year
€42,963▲
2023 · €33,518
Income taxes
€4,090▼
2023 · €9,044
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€71,082€72,171▲
Fixed assets21/28€14,014€12,195▼
Tangible fixed assets22/27€14,014€12,195▼
Plant, machinery and equipment23-€1,359
Furniture and vehicles24€14,014€10,836▼
Current assets29/58€57,068€59,976▲
Amounts receivable within one year40/41€56,058€45,386▼
Trade receivables40€56,058€45,386▼
Cash at bank and in hand54/58€1,010€14,591▲
Equity and liabilities
Total equity and liabilities10/49€71,082€72,171▲
Equity10/15€37,564€29,208▼
Contributions10/11€1,500€1,500=
Profit (loss) carried forward14€36,064€27,708▼
Amounts payable17/49€33,518€42,963▲
Amounts payable within one year42/48€33,518€42,963▲
Trade debts44€23,575€1,771▼
Suppliers440/4€23,575€1,771▼
Taxes, remuneration and social security45€9,847€20,673▲
Taxes450/3€9,847€20,673▲
Other amounts payable47/48€96€20,519▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,037€8,510▲
Other operating charges640/8€100€100=
Gross operating margin9900€48,354€29,498▼
Operating profit (loss)9901€41,218€20,888▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€107€154▲
Recurring financial charges65€107€154▲
Profit (loss) for the period before taxes9903€41,111€20,733▼
Income taxes67/77€9,044€4,090▼
Profit (loss) for the period9904€32,067€16,644▼
Profit (loss) for the period to be appropriated9905€32,067€16,644▼
Appropriation of the result
Profit (loss) to be appropriated9906€36,064€52,708▲
Profit (loss) brought forward from the previous period14P€3,998€36,064▲
Profit to be distributed694/7-€25,000
Return on contributions (dividend)694-€25,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60€7,037€8,510▲ 20.9%
Other operating charges640/8€43€100€100=
Gross operating margin9900€5,272€48,354€29,498▼ 39.0%
Operating profit (loss)9901€5,169€41,218€20,888▼ 49.3%
Financial income75/76B€0-€0-
Recurring financial income75€0-€0-
Financial charges65/66B€61€107€154▲ 44.3%
Recurring financial charges65€61€107€154▲ 44.3%
Profit (loss) for the period before taxes9903€5,108€41,111€20,733▼ 49.6%
Income taxes67/77€1,110€9,044€4,090▼ 54.8%
Profit (loss) for the period9904€3,998€32,067€16,644▼ 48.1%
Profit (loss) for the period to be appropriated9905€3,998€32,067€16,644▼ 48.1%
Line202220232024Change
Assets
Total assets20/58€11,424€71,082€72,171▲ 1.5%
Fixed assets21/28€1,051€14,014€12,195▼ 13.0%
Tangible fixed assets22/27€1,051€14,014€12,195▼ 13.0%
Plant, machinery and equipment23--€1,359-
Furniture and vehicles24€1,051€14,014€10,836▼ 22.7%
Current assets29/58€10,373€57,068€59,976▲ 5.1%
Amounts receivable within one year40/41€8,977€56,058€45,386▼ 19.0%
Trade receivables40€6,801€56,058€45,386▼ 19.0%
Other amounts receivable41€2,176---
Cash at bank and in hand54/58€1,396€1,010€14,591▲ 1,344%
Equity and liabilities
Total equity and liabilities10/49€11,424€71,082€72,171▲ 1.5%
Equity10/15€5,498€37,564€29,208▼ 22.2%
Contributions10/11€1,500€1,500€1,500=
Profit (loss) carried forward14€3,998€36,064€27,708▼ 23.2%
Amounts payable17/49€5,926€33,518€42,963▲ 28.2%
Amounts payable within one year42/48€5,926€33,518€42,963▲ 28.2%
Trade debts44€4,689€23,575€1,771▼ 92.5%
Suppliers440/4€4,689€23,575€1,771▼ 92.5%
Taxes, remuneration and social security45€1,110€9,847€20,673▲ 110%
Taxes450/3€1,110€9,847€20,673▲ 110%
Other amounts payable47/48€127€96€20,519▲ 21,362%
Line202220232024Change
Profit (loss) for the period9904€3,998€32,067€16,644▼ 48.1%
+ Depreciation and write-downs630€60€7,037€8,510▲ 20.9%
Operating cash flow (approximation)€4,057€39,103€25,154▼ 35.7%
Investment in fixed assets (approximation)--€20,000-€6,691▲ 66.5%
Change in cash--€385€13,580▲ 3,624%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Highest result since 2022net €32,067 ▲702%
Operating result €41,218, net result €32,067, both a record.
05-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
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, Nivelles · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,386 m²
Building footprint
119 m²
Volume, LiDAR
800 m³
Parcel 25072B0350/00W000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
YSEE
Rue du Paradis 38, 1400 NivellesActivities of notaries
since 20222.333.077.355
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25072B0350/00W000 Wallonia 1,386 m² 1 · 119 m² 9.6 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.

Similar companies · same sector, comparable size

Of 2,260 companies in sector 69102 we hold annual accounts for 1,754. 921 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
Founded24-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69102Activities of notaries
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786537564
Also 9925:BE0786537564
Registered 16-12-2025

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.