YT PROJECTS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564243.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 3 filings
Equity
-€15,282
2024 · €32,367
Net result
-€47,649
2024 · €21,116
Total assets
€184,294▲ 36.0%
2024 · €135,528
Solvency
-8.3%▼ 32.2pp
2024 · 23.9%
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
no figure
2025
20232025
Operating result
-€44,280
2025
20232025
Net result
-€47,649
2025
lowest quarter of the sector
20232025
Equity
-€15,282
2025
lowest quarter of the sector
20232025
Total assets
€184,294
▲ 36.0%
2025
middle half of the sector
20232025
Debt
€199,576
▲ 93.5%
2025
20232025
Working capital
-€137,645
2025
lowest quarter of the sector
20232025
Solvency
-8.3%
▼ 32.2pp
2025
lowest quarter of the sector
20232025
Current ratio
0.31
▼ 0.69
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
-25.9%
▼ 41.4pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€237,049-
Operating result€15,839-€26,776▲ 69.1%-€44,280
Net result€10,251within the sector's middle half-€21,116within the sector's middle half▲ 106%-€47,649below the sector's middle half
Equity€11,251below the sector's middle half-€32,367below the sector's middle half▲ 188%-€15,282below the sector's middle half
Total assets€106,549below the sector's middle half-€135,528within the sector's middle half▲ 27.2%€184,294within the sector's middle half▲ 36.0%
Debt€95,298-€103,162▲ 8.3%€199,576▲ 93.5%
Working capital-€35,053below the sector's middle half-€523within the sector's middle half-€137,645below the sector's middle half
Solvency10.6%below the sector's middle half-23.9%below the sector's middle half▲ 13.3pp-8.3%below the sector's middle half▼ 32.2pp
Current ratio0.63below the sector's middle half-1.01within the sector's middle half▲ 0.370.31below the sector's middle half▼ 0.69
Return on assets (ROA)9.6%within the sector's middle half-15.6%within the sector's middle half▲ 6.0pp-25.9%below the sector's middle half▼ 41.4pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 a loss of €44,280, after a profit of €26,776 in 2024. It is the lowest result since 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184,294
Fixed assets
€122,363 ▲ 284%
Current assets
€61,931 ▼ 40.3%
Equity and liabilities
Equity-€15,282
Debt€199,576
Equity is negative. Debt (€199,576) exceeds the balance-sheet total (€184,294).
Key figures and ratios
Debt ≤ 1 year
€199,576▲
2024 · €103,162
Staff costs
€1,908▲
2024 · €148
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €59,100 | €32,307 | €71,977 |
| Depreciation and write-downs of the year | €14,034 | €1,703 | €10,200 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €237,049 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €212,097 | €158,629 | - | - |
| Remuneration, social security and pensions62 | €282 | €148 | €1,908 | ▲ 13× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,034 | €1,703 | €10,200 | ▲ 499% |
| Other operating charges640/8 | €1,243 | €1,457 | €3,732 | ▲ 156% |
| Non-recurring operating charges66A | - | €38,513 | - | - |
| Gross operating margin9900 | €31,398 | €68,597 | -€28,441 | - |
| Operating profit (loss)9901 | €15,839 | €26,776 | -€44,280 | - |
| Financial income75/76B | - | €0 | €0 | ▲ 175% |
| Recurring financial income75 | - | €0 | €0 | ▲ 175% |
| Financial charges65/66B | €2,853 | €5,660 | €3,368 | ▼ 40.5% |
| Recurring financial charges65 | €2,853 | €5,660 | €3,368 | ▼ 40.5% |
| Profit (loss) for the period before taxes9903 | €12,986 | €21,116 | -€47,649 | - |
| Income taxes67/77 | €2,735 | - | - | - |
| Profit (loss) for the period9904 | €10,251 | €21,116 | -€47,649 | - |
| Profit (loss) for the period to be appropriated9905 | €10,251 | €21,116 | -€47,649 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €106,549 | €135,528 | €184,294 | ▲ 36.0% |
| Formation expenses20 | €1,239 | - | - | - |
| Fixed assets21/28 | €45,065 | €31,843 | €122,363 | ▲ 284% |
| Tangible fixed assets22/27 | €45,065 | €31,843 | €122,363 | ▲ 284% |
| Land and buildings22 | - | €17,231 | €56,705 | ▲ 229% |
| Furniture and vehicles24 | €45,065 | €14,613 | €16,350 | ▲ 11.9% |
| Other tangible fixed assets26 | - | - | €49,307 | - |
| Current assets29/58 | €60,245 | €103,685 | €61,931 | ▼ 40.3% |
| Amounts receivable within one year40/41 | €60,245 | €81,817 | €60,838 | ▼ 25.6% |
| Trade receivables40 | €40,545 | €80,890 | €47,742 | ▼ 41.0% |
| Other amounts receivable41 | €19,700 | €927 | €13,097 | ▲ 14× |
| Cash at bank and in hand54/58 | - | €292 | €1 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €21,576 | €1,092 | ▼ 94.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €106,549 | €135,528 | €184,294 | ▲ 36.0% |
| Equity10/15 | €11,251 | €32,367 | -€15,282 | - |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Contributions outside capital11 | €1,000 | - | - | - |
| Other1109/19 | €1,000 | - | - | - |
| Profit (loss) carried forward14 | €10,251 | €31,367 | -€16,282 | - |
| Amounts payable17/49 | €95,298 | €103,162 | €199,576 | ▲ 93.5% |
| Amounts payable within one year42/48 | €95,298 | €103,162 | €199,576 | ▲ 93.5% |
| Financial debts43 | €22,527 | €22,878 | €20,965 | ▼ 8.4% |
| Credit institutions430/8 | €22,527 | €22,878 | €20,965 | ▼ 8.4% |
| Trade debts44 | €22,572 | €19,820 | €57,625 | ▲ 191% |
| Suppliers440/4 | €22,572 | €19,820 | €57,625 | ▲ 191% |
| Advances received on contracts in progress46 | - | €35,090 | - | - |
| Taxes, remuneration and social security45 | €50,199 | €20,023 | €19,816 | ▼ 1.0% |
| Taxes450/3 | €49,034 | €20,023 | €12,111 | ▼ 39.5% |
| Remuneration and social security454/9 | €1,165 | - | €7,705 | - |
| Other amounts payable47/48 | - | €5,351 | €101,171 | ▲ 19× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,251 | €21,116 | -€47,649 | - |
| + Depreciation and write-downs630 | €14,034 | €1,703 | €10,200 | ▲ 499% |
| Operating cash flow (approximation) | €24,285 | €22,819 | -€37,449 | - |
| Investment in fixed assets (approximation) | - | €11,519 | -€100,720 | - |
| Change in cash | - | - | -€291 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.