YTHCO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 11 filings
Turnover
€214,639
EBIT margin
64.4%
Net result
€115,407▲ 7.1%
2024 · €107,729
Working capital
€97,753▲ 23.9%
2024 · €78,887
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€147,682
▲ 7.5%
2025
20182025
Net result
€115,407
▲ 7.1%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€135,867
▲ 6.0%
2025
middle half of the sector
20182025
Total assets
€148,768
▲ 6.2%
2025
middle half of the sector
20182025
Debt
€12,901
▲ 8.6%
2025
20182025
Working capital
€97,753
▲ 23.9%
2025
middle half of the sector
20182025
Solvency
91.3%
▼ 0.2pp
2025
highest quarter of the sector
20182025
Current ratio
8.58
▲ 0.94
2025
highest quarter of the sector
20182025
Return on assets (ROA)
77.6%
▲ 0.7pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€214,639
Operating result€154,630-€138,294▼ 10.6%€137,552▼ 0.5%€165,981▲ 20.7%€119,513▼ 28.0%€166,990▲ 39.7%€137,334▼ 17.8%€147,682▲ 7.5%
Net result€106,415-€106,654▲ 0.2%€105,155above the sector's middle half▼ 1.4%€131,099above the sector's middle half▲ 24.7%€94,766above the sector's middle half▼ 27.7%€129,953above the sector's middle half▲ 37.1%€107,729above the sector's middle half▼ 17.1%€115,407above the sector's middle half▲ 7.1%
EBIT margin64.4%
Equity€301,792-€407,634▲ 35.1%€518,190above the sector's middle half▲ 27.1%€523,262above the sector's middle half▲ 1.0%€618,028above the sector's middle half▲ 18.1%€747,181above the sector's middle half▲ 20.9%€128,189within the sector's middle half▼ 82.8%€135,867within the sector's middle half▲ 6.0%
Total assets€341,310-€425,450▲ 24.7%€531,468above the sector's middle half▲ 24.9%€538,706above the sector's middle half▲ 1.4%€636,536above the sector's middle half▲ 18.2%€756,781above the sector's middle half▲ 18.9%€140,073within the sector's middle half▼ 81.5%€148,768within the sector's middle half▲ 6.2%
Debt€39,518-€17,816▼ 54.9%€13,279▼ 25.5%€15,444▲ 16.3%€18,507▲ 19.8%€9,600▼ 48.1%€11,884▲ 23.8%€12,901▲ 8.6%
Working capital€301,333-€407,634▲ 35.3%€518,190above the sector's middle half▲ 27.1%€522,374above the sector's middle half▲ 0.8%€612,323above the sector's middle half▲ 17.2%€689,457above the sector's middle half▲ 12.6%€78,887within the sector's middle half▼ 88.6%€97,753within the sector's middle half▲ 23.9%
Solvency88.4%-95.8%▲ 7.4pp97.5%above the sector's middle half▲ 1.7pp97.1%above the sector's middle half▼ 0.4pp97.1%above the sector's middle half=98.7%above the sector's middle half▲ 1.6pp91.5%above the sector's middle half▼ 7.2pp91.3%above the sector's middle half▼ 0.2pp
Current ratio8.63-23.88▲ 15.2640.02above the sector's middle half▲ 16.1434.82above the sector's middle half▼ 5.2034.09above the sector's middle half▼ 0.7472.82above the sector's middle half▲ 38.747.64above the sector's middle half▼ 65.188.58above the sector's middle half▲ 0.94
Return on assets (ROA)31.2%-25.1%▼ 6.1pp19.8%within the sector's middle half▼ 5.3pp24.3%within the sector's middle half▲ 4.6pp14.9%within the sector's middle half▼ 9.4pp17.2%within the sector's middle half▲ 2.3pp76.9%above the sector's middle half▲ 59.7pp77.6%above the sector's middle half▲ 0.7pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 8% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,768
Fixed assets
€38,114 ▼ 22.7%
Current assets
€110,654 ▲ 21.9%
Equity and liabilities €148,768
Equity
€135,867 ▲ 6.0%
Debt
€12,901 ▲ 8.6%
Debt's share of the balance-sheet total rises from 8.5% to 8.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€160,222▲
2024 · €149,613
Cash flow
€127,947▲
2024 · €120,008
Debt to equity
0.09▲
2024 · 0.09
ROE
84.9%▲
2024 · 84.0%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€12,901▲
2024 · €11,884
Income taxes
€32,170▲
2024 · €29,559
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,189 | €5,633 | €53,542 | €3,857 | €1,352 |
| Depreciation and write-downs of the year | €301 | €816 | €1,523 | €12,279 | €12,540 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €214,639 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,382 | €459 | - | €301 | €816 | €1,523 | €12,279 | €12,540 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €606 | €612 | €139 | €1,067 | €764 | ▼ 28.4% |
| Gross operating margin9900 | €157,802 | €139,398 | €138,158 | €166,889 | €120,941 | €168,652 | €150,680 | €160,986 | ▲ 6.8% |
| Operating profit (loss)9901 | €154,630 | €138,294 | €137,552 | €165,981 | €119,513 | €166,990 | €137,334 | €147,682 | ▲ 7.5% |
| Financial charges65/66B | - | - | - | €38 | €45 | €46 | €46 | €105 | ▲ 127% |
| Recurring financial charges65 | €13 | €29 | €32 | €38 | €45 | €46 | €46 | €105 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €154,882 | €138,457 | €137,520 | €165,943 | €119,468 | €166,944 | €137,287 | €147,577 | ▲ 7.5% |
| Income taxes67/77 | €48,466 | €31,802 | €32,365 | €34,844 | €24,701 | €36,991 | €29,559 | €32,170 | ▲ 8.8% |
| Profit (loss) for the period9904 | €106,415 | €106,654 | €105,155 | €131,099 | €94,766 | €129,953 | €107,729 | €115,407 | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €106,415 | €106,654 | €105,155 | €131,099 | €94,766 | €129,953 | €107,729 | €115,407 | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €341,310 | €425,450 | €531,468 | €538,706 | €636,536 | €756,781 | €140,073 | €148,768 | ▲ 6.2% |
| Formation expenses20 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €459 | - | - | €888 | €5,705 | €57,724 | €49,302 | €38,114 | ▼ 22.7% |
| Tangible fixed assets22/27 | €459 | - | - | €888 | €5,705 | €57,724 | €49,302 | €38,114 | ▼ 22.7% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | €0 | €3,508 | €2,829 | ▼ 19.4% |
| Furniture and vehicles24 | - | - | - | €888 | €5,705 | €57,724 | €45,794 | €35,285 | ▼ 22.9% |
| Current assets29/58 | €340,851 | €425,450 | €531,468 | €537,818 | €630,831 | €699,056 | €90,771 | €110,654 | ▲ 21.9% |
| Amounts receivable within one year40/41 | €44,255 | €41,058 | €63,833 | €50,419 | €81,274 | €67,967 | €73,832 | €46,539 | ▼ 37.0% |
| Trade receivables40 | - | - | - | €50,062 | €68,975 | €63,421 | €68,668 | €44,959 | ▼ 34.5% |
| Other amounts receivable41 | - | - | - | €357 | €12,299 | €4,547 | €5,165 | €1,580 | ▼ 69.4% |
| Cash at bank and in hand54/58 | €295,965 | €384,392 | €467,636 | €482,836 | €548,845 | €626,536 | €12,106 | €59,142 | ▲ 389% |
| Deferred charges and accrued income490/1 | - | - | - | €4,563 | €712 | €4,553 | €4,832 | €4,974 | ▲ 2.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €341,310 | €425,450 | €531,468 | €538,706 | €636,536 | €756,781 | €140,073 | €148,768 | ▲ 6.2% |
| Equity10/15 | €301,792 | €407,634 | €518,190 | €523,262 | €618,028 | €747,181 | €128,189 | €135,867 | ▲ 6.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €289,392 | €395,234 | €289,392 | €270,008 | €270,008 | €270,008 | €109,589 | €117,267 | ▲ 7.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €268,148 | €268,148 | €268,148 | €107,729 | €115,407 | ▲ 7.1% |
| Profit (loss) carried forward14 | - | - | €210,198 | €234,654 | €329,420 | €458,573 | - | - | - |
| Amounts payable17/49 | €39,518 | €17,816 | €13,279 | €15,444 | €18,507 | €9,600 | €11,884 | €12,901 | ▲ 8.6% |
| Amounts payable within one year42/48 | €39,518 | €17,816 | €13,279 | €15,444 | €18,507 | €9,600 | €11,884 | €12,901 | ▲ 8.6% |
| Trade debts44 | €210 | €343 | €295 | €304 | €611 | €182 | €843 | €1,322 | ▲ 56.9% |
| Suppliers440/4 | - | - | - | €304 | €611 | €182 | €843 | €1,322 | ▲ 56.9% |
| Taxes, remuneration and social security45 | - | - | - | €10,139 | €8,061 | €3,050 | €8,139 | €7,719 | ▼ 5.2% |
| Taxes450/3 | - | - | - | €7,155 | €8,061 | €3,050 | €8,139 | €7,719 | ▼ 5.2% |
| Remuneration and social security454/9 | - | - | - | €2,983 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,002 | €9,835 | €6,368 | €2,902 | €3,860 | ▲ 33.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,415 | €106,654 | €105,155 | €131,099 | €94,766 | €129,953 | €107,729 | €115,407 | ▲ 7.1% |
| + Depreciation and write-downs630 | €2,382 | €459 | - | €301 | €816 | €1,523 | €12,279 | €12,540 | ▲ 2.1% |
| Operating cash flow (approximation) | €108,797 | €107,113 | €105,155 | €131,400 | €95,582 | €131,476 | €120,008 | €127,947 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | - | - | - | -€5,633 | -€53,542 | -€3,857 | -€1,352 | ▲ 64.9% |
| Change in cash | - | €88,427 | €83,243 | €15,200 | €66,009 | €77,691 | -€614,430 | €47,035 | - |
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, 34,693 companies had the same profile as YTHCO has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of YTHCO 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 34,693 companies, not a prediction for YTHCO. 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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00303485 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00270481 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00144881 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00156674 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20122457 | |
| 31-12-2020 | micro format | 04-07-2021 | 2021-33000159 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-22600365 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-30100155 | |
| 31-12-2017 | micro format | 01-07-2018 | 2018-29200128 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20700286 |