YTM Projects
ActiveSummary
YTM Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,574 and a net result of €29,654. Equity is growing by about 91% per year across the filed financial years. Its solvency ranks better than 30% of 9,629 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €47,574
- Profit
- €29,654
Why 69raises riskLast filed accounts filed 74 days late; 2 of the last 3 lateSize: total assets €197,780lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 1.11, cash €34,681Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 31% on solvency, 17% on liquidity, 45% on profitability and 93% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 75 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €29,654 ▲861%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (74 days) Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555363.
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is over 6.1 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €124 | €8,267 | €393 | ▼ 95.2% |
| Gross operating margin9900 | €18,890 | €15,675 | €45,830 | ▲ 192% |
| Operating profit (loss)9901 | €18,766 | €7,408 | €45,437 | ▲ 513% |
| Financial income75/76B | €282 | - | €2 | - |
| Recurring financial income75 | €282 | - | €2 | - |
| Financial charges65/66B | €0 | €94 | €943 | ▲ 905% |
| Recurring financial charges65 | €0 | €94 | €943 | ▲ 905% |
| Profit (loss) for the period before taxes9903 | €19,048 | €7,315 | €44,496 | ▲ 508% |
| Income taxes67/77 | €6,215 | €4,228 | €14,842 | ▲ 251% |
| Profit (loss) for the period9904 | €12,833 | €3,087 | €29,654 | ▲ 861% |
| Profit (loss) for the period to be appropriated9905 | €12,833 | €3,087 | €29,654 | ▲ 861% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,048 | €63,573 | €197,780 | ▲ 211% |
| Fixed assets21/28 | - | €31,113 | €31,113 | = |
| Tangible fixed assets22/27 | - | €30,810 | €30,810 | = |
| Land and buildings22 | - | €30,810 | €30,810 | = |
| Financial fixed assets28 | - | €303 | €303 | = |
| Current assets29/58 | €21,048 | €32,460 | €166,668 | ▲ 413% |
| Amounts receivable within one year40/41 | €10,989 | €28,423 | €130,244 | ▲ 358% |
| Trade receivables40 | €8,912 | - | €106,483 | - |
| Other amounts receivable41 | €2,076 | €28,423 | €23,761 | ▼ 16.4% |
| Cash at bank and in hand54/58 | €9,982 | €3,952 | €34,681 | ▲ 778% |
| Deferred charges and accrued income490/1 | €78 | €86 | €1,742 | ▲ 20× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,048 | €63,573 | €197,780 | ▲ 211% |
| Equity10/15 | €14,833 | €17,920 | €47,574 | ▲ 165% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Contributions outside capital11 | €2,000 | - | - | - |
| Other1109/19 | €2,000 | - | - | - |
| Reserves13 | €12,833 | €15,920 | €45,574 | ▲ 186% |
| Distributable reserves133 | €12,833 | €15,920 | €45,574 | ▲ 186% |
| Amounts payable17/49 | €6,215 | €45,653 | €150,207 | ▲ 229% |
| Amounts payable within one year42/48 | €6,215 | €45,653 | €150,189 | ▲ 229% |
| Trade debts44 | - | €24,210 | €120,284 | ▲ 397% |
| Suppliers440/4 | - | €24,210 | €120,284 | ▲ 397% |
| Taxes, remuneration and social security45 | €6,215 | €10,443 | €22,366 | ▲ 114% |
| Taxes450/3 | €6,215 | €10,443 | €22,366 | ▲ 114% |
| Other amounts payable47/48 | - | €11,000 | €7,539 | ▼ 31.5% |
| Accrued charges and deferred income492/3 | - | - | €17 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,833 | €3,087 | €29,654 | ▲ 861% |
| Operating cash flow (approximation) | €12,833 | €3,087 | €29,654 | ▲ 861% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | -€6,030 | €30,729 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-10-2026 | 2026-00555363 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00428136 |
| 31-12-2023 | micro format | 30-11-2024 | 2024-00607247 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- Igodt,Melvin Steven Joseph sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-09-2023 Incorporation · €2,000
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
04-09
Gazette deed
IncorporationFounder · Founding capital3 facts ▸
- Incorporation, 30-08-2023
- Founder, Igodt,Melvin Steven Joseph
- Founding capital, €2,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0805.316.764
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71003B0070/00Z004 | Flanders | 5,956 m² | 1 · 357 m² | - |
| 13452M0561/00C002 | Flanders | 917 m² | 1 · 204 m² | 8.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Ontwikkeling van residentiële en niet-residentiële bouwprojecten; Algemene bouw van kantoor-,residentiële en niet-residentiële gebouwen…” (deed in Dutch)
11 activities (deed in Dutch)
- Ontwikkeling van residentiële en niet-residentiële bouwprojecten
- Algemene bouw van kantoor-,residentiële en niet-residentiële gebouwen
- Handel in eigen onroerend goed
- Verhuur en exploitatie van eigen of geleasd onroerend goed
- Activiteiten van Interieurdecorateurs
- Schrijnwerk
- Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels
- Detailhandel in huismeubilair en keukens
- Overige zakelijke dienstverlening
- Toezien op bouwwerkzaamheden
- Overige adviesbureaus op het gebied van bedrijfsbeheer adviesbureaus op het gebied van voormelde activiteiten
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- YTM Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, adres kan worden overgebracht naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of in Nederlands…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, 1.Aantal–Benoeming” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, 3.Bevoegdheid” (deed in Dutch)“Vergoeding bestuurders, vaste of evenredige vergoeding” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Kandidaat-overdrager en verzettende ieder helft, op straffe van niet-tegenwerpelijkheid” (deed in Dutch)“Erfgenamen en legatarissen die geen aandeelhouder van rechtswege worden krachtens statuten, 3.Overgang bij overlijden” (deed in Dutch)“Schriftelijk bij aangetekende brief of op e-mailadres van vennootschap, 4.Sanctie bij schending” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of June at 20:00