YUSO
ActiveSummary
YUSO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €710,024. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-4
Solvency55▼-4
Growth75▼-8
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.48 in 2024; short-term debt: 62.4% and cash: 20.2% of total assets), and 70.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.9%
Return on assets
2.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
24 d early
2023
36 d early
2022
45 d early
2021
11 d early
2020
26 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€105.4m▲ 3.6%
2024 · €101.8m
EBIT margin
1.1%▼ 0.6pp
2024 · 1.7%
Net result
€710,024▼ 48.6%
2024 · €1.4m
Working capital
€7.4m▲ 4.7%
2024 · €7.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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
Line20212022202320242025
Turnover€86.1m€101.8m▲ 18.2%€105.4m▲ 3.6%
Operating result-€317,083▲ 48.4%€868,547€2.7m▲ 207%€1.7m▼ 35.4%€1.1m▼ 34.6%
Net result-€322,109below the sector's middle half▲ 47.9%€856,404above the sector's middle half€2.3mabove the sector's middle half▲ 164%€1.4mabove the sector's middle half▼ 38.8%€710,024within the sector's middle half▼ 48.6%
EBIT margin3.1%1.7%▼ 1.4pp1.1%▼ 0.6pp
Equity€2.3mabove the sector's middle half▼ 12.3%€4.7mabove the sector's middle half▲ 102%€6.9mwithin the sector's middle half▲ 48.5%€8.3mwithin the sector's middle half▲ 20.0%€9.0mwithin the sector's middle half▲ 8.6%
Total assets€4.0mwithin the sector's middle half▲ 16.6%€16.5mabove the sector's middle half▲ 309%€24.8mwithin the sector's middle half▲ 50.1%€24.1mwithin the sector's middle half▼ 2.9%€30.1mwithin the sector's middle half▲ 25.2%
Debt€1.7m▲ 106%€11.9m▲ 582%€17.9m▲ 50.7%€15.8m▼ 11.8%€21.1m▲ 34.0%
Working capital€2.1mabove the sector's middle half▲ 20.0%€3.6mabove the sector's middle half▲ 68.1%€4.9mabove the sector's middle half▲ 37.5%€7.0mabove the sector's middle half▲ 42.4%€7.4mabove the sector's middle half▲ 4.7%
Solvency56.9%above the sector's middle half▼ 18.7pp28.2%within the sector's middle half▼ 28.8pp27.9%within the sector's middle half▼ 0.3pp34.5%within the sector's middle half▲ 6.6pp29.9%within the sector's middle half▼ 4.6pp
Current ratio2.49above the sector's middle half▼ 1.061.32within the sector's middle half▼ 1.171.29within the sector's middle half▼ 0.041.48within the sector's middle half▲ 0.201.39within the sector's middle half▼ 0.09
Return on assets (ROA)-8.0%below the sector's middle half▲ 9.9pp5.2%within the sector's middle half▲ 13.2pp9.1%within the sector's middle half▲ 3.9pp5.7%within the sector's middle half▼ 3.4pp2.4%within the sector's middle half▼ 3.4pp
Staff (FTE)7.7above the sector's middle half▲ 37.5%11.2above the sector's middle half▲ 45.5%18.1within the sector's middle half▲ 61.6%26.8within the sector's middle half▲ 48.1%32.1above the sector's middle half▲ 19.8%
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +164%, Staff (FTE) +62% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30.1m
Fixed assets
€4.0m ▲ 60.8%
Current assets
€26.2m ▲ 21.1%
Equity and liabilities €30.1m
Equity
€9.0m ▲ 8.6%
Debt
€21.1m ▲ 34.0%
Debt's share of the balance-sheet total rises from 65.5% to 70.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▼
2024 · €1.8m
Cash flow
€895,058▼
2024 · €1.5m
Debt to equity
2.35▲
2024 · 1.90
ROE
7.9%▼
2024 · 16.6%
Interest coverage
54.33▼
2024 · 24328.97
Debt ≤ 1 year
€18.8m▲
2024 · €14.6m
Income taxes
€239,685▼
2024 · €382,262
Staff costs
€3.4m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 4,105 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €86.2m | €101.9m | €105.8m | ▲ 3.9% |
| Turnover70 | - | - | €86.1m | €101.8m | €105.4m | ▲ 3.6% |
| Other operating income74 | - | - | €90,864 | €98,460 | €381,306 | ▲ 287% |
| Non-recurring operating income76A | €150,000 | - | - | €5,843 | €16,109 | ▲ 176% |
| Operating charges60/66A | - | - | €83.5m | €100.2m | €104.7m | ▲ 4.5% |
| Goods for resale, raw materials and consumables60 | - | - | €79.3m | €94.3m | €96.9m | ▲ 2.7% |
| Purchases600/8 | - | - | €79.3m | €94.3m | €96.9m | ▲ 2.7% |
| Services and other goods61 | - | - | €1.5m | €3.1m | €4.1m | ▲ 34.5% |
| Remuneration, social security and pensions62 | €536,798 | €1.1m | €2.6m | €2.7m | €3.4m | ▲ 28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €297,571 | €143,275 | €69,157 | €128,602 | €185,034 | ▲ 43.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6,718 | €13,701 | €7,744 | -€10,432 | €10,798 | ▲ 204% |
| Other operating charges640/8 | €1,950 | €1,934 | €37,438 | €8,675 | €1,498 | ▼ 82.7% |
| Non-recurring operating charges66A | €30,000 | €23,454 | - | €471 | €88,335 | ▲ 18,655% |
| Gross operating margin9900 | €555,954 | €2.2m | - | - | - | - |
| Operating profit (loss)9901 | -€317,083 | €868,547 | €2.7m | €1.7m | €1.1m | ▼ 34.6% |
| Financial income75/76B | €2,050 | €1,730 | €31,834 | €103,288 | €109,844 | ▲ 6.3% |
| Recurring financial income75 | €2,050 | €1,730 | €31,834 | €103,288 | €109,844 | ▲ 6.3% |
| Income from financial fixed assets750 | - | - | - | - | €55,814 | - |
| Income from current assets751 | - | - | €30,113 | €73,682 | €46,586 | ▼ 36.8% |
| Other financial income752/9 | - | - | €1,721 | €29,606 | €7,444 | ▼ 74.9% |
| Financial charges65/66B | €6,826 | €13,376 | €20,214 | €60,319 | €285,411 | ▲ 373% |
| Recurring financial charges65 | €6,826 | €13,376 | €20,214 | €60,319 | €285,411 | ▲ 373% |
| Debt charges650 | - | - | €1,375 | €76 | €24,116 | ▲ 31,632% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €250,000 | - |
| Other financial charges652/9 | - | - | €18,839 | €60,243 | €11,295 | ▼ 81.3% |
| Profit (loss) for the period before taxes9903 | -€321,860 | €856,901 | €2.7m | €1.8m | €949,709 | ▼ 46.1% |
| Income taxes67/77 | €249 | €497 | €416,249 | €382,262 | €239,685 | ▼ 37.3% |
| Taxes670/3 | - | - | €416,249 | €471,263 | €256,663 | ▼ 45.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €89,001 | €16,978 | ▼ 80.9% |
| Profit (loss) for the period9904 | -€322,109 | €856,404 | €2.3m | €1.4m | €710,024 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | -€322,109 | €856,404 | €2.3m | €1.4m | €710,024 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €16.5m | €24.8m | €24.1m | €30.1m | ▲ 25.2% |
| Fixed assets21/28 | €477,091 | €1.9m | €2.6m | €2.5m | €4.0m | ▲ 60.8% |
| Intangible fixed assets21 | €105,558 | €35,768 | €36,210 | €116,120 | €179,161 | ▲ 54.3% |
| Tangible fixed assets22/27 | €120,087 | €469,430 | €505,448 | €500,113 | €1.6m | ▲ 217% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €0 | - | €144,832 | €136,850 | €406,409 | ▲ 197% |
| Furniture and vehicles24 | €55,065 | €70,708 | €100,681 | €107,708 | €197,581 | ▲ 83.4% |
| Other tangible fixed assets26 | €65,022 | €57,568 | €50,113 | €51,576 | €836,751 | ▲ 1,522% |
| Assets under construction and advance payments27 | - | €341,154 | €209,822 | €203,979 | €144,688 | ▼ 29.1% |
| Financial fixed assets28 | €251,446 | €1.4m | €2.1m | €1.9m | €2.2m | ▲ 19.2% |
| Affiliated companies280/1 | - | - | - | €10,000 | €20,000 | ▲ 100% |
| Participating interests280 | - | - | - | €10,000 | €20,000 | ▲ 100% |
| Companies linked by participating interests282/3 | - | - | €324,926 | €556,826 | €586,826 | ▲ 5.4% |
| Participating interests282 | - | - | €1,860 | €1,860 | €1,860 | = |
| Amounts receivable283 | - | - | €323,066 | €554,966 | €584,966 | ▲ 5.4% |
| Other financial fixed assets284/8 | - | - | €1.7m | €1.3m | €1.6m | ▲ 24.6% |
| Amounts receivable and cash guarantees285/8 | - | - | €1.7m | €1.3m | €1.6m | ▲ 24.6% |
| Current assets29/58 | €3.6m | €14.7m | €22.2m | €21.6m | €26.2m | ▲ 21.1% |
| Amounts receivable within one year40/41 | €1.0m | €4.3m | €15.3m | €16.7m | €18.4m | ▲ 9.6% |
| Trade receivables40 | €1.0m | €4.1m | €13.3m | €14.7m | €17.6m | ▲ 19.6% |
| Other amounts receivable41 | €40,074 | €146,111 | €2.0m | €2.0m | €726,806 | ▼ 63.9% |
| Current investments50/53 | €887,328 | €787,305 | €2.9m | €713,089 | €1.6m | ▲ 118% |
| Other investments51/53 | - | - | €2.9m | €713,089 | €1.6m | ▲ 118% |
| Cash at bank and in hand54/58 | €1.6m | €9.6m | €4.0m | €4.1m | €6.1m | ▲ 47.8% |
| Deferred charges and accrued income490/1 | €9,095 | €4,118 | €10,925 | €10,442 | €156,979 | ▲ 1,403% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €16.5m | €24.8m | €24.1m | €30.1m | ▲ 25.2% |
| Equity10/15 | €2.3m | €4.7m | €6.9m | €8.3m | €9.0m | ▲ 8.6% |
| Contributions10/11 | €4.4m | €5.9m | €5.9m | €5.9m | €5.9m | = |
| Profit (loss) carried forward14 | -€2.1m | -€1.2m | €1.0m | €2.4m | €3.1m | ▲ 29.6% |
| Amounts payable17/49 | €1.7m | €11.9m | €17.9m | €15.8m | €21.1m | ▲ 34.0% |
| Amounts payable within one year42/48 | €1.4m | €11.1m | €17.3m | €14.6m | €18.8m | ▲ 29.0% |
| Trade debts44 | €1.1m | €6.8m | €13.0m | €11.1m | €15.5m | ▲ 40.2% |
| Suppliers440/4 | €1.1m | €6.8m | €13.0m | €11.1m | €15.5m | ▲ 40.2% |
| Advances received on contracts in progress46 | €200 | €2.8m | €1.5m | €1.3m | €1.4m | ▲ 5.2% |
| Taxes, remuneration and social security45 | €124,144 | €916,419 | €1.8m | €1.5m | €1.6m | ▲ 0.7% |
| Taxes450/3 | €2,476 | €324,233 | €418,049 | €260,579 | €580,310 | ▲ 123% |
| Remuneration and social security454/9 | €121,668 | €592,186 | €1.4m | €1.3m | €976,279 | ▼ 24.0% |
| Other amounts payable47/48 | €189,673 | €578,535 | €939,151 | €604,165 | €294,558 | ▼ 51.2% |
| Accrued charges and deferred income492/3 | €309,803 | €789,410 | €626,947 | €1.2m | €2.3m | ▲ 94.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€322,109 | €856,404 | €2.3m | €1.4m | €710,024 | ▼ 48.6% |
| + Depreciation and write-downs630 | €297,571 | €143,275 | €69,157 | €128,602 | €185,034 | ▲ 43.9% |
| Operating cash flow (approximation) | -€24,538 | €999,679 | €2.3m | €1.5m | €895,058 | ▼ 40.7% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€821,003 | €5,398 | -€1.7m | ▼ 31,438% |
| Change in cash | - | €8.0m | -€5.6m | €158,405 | €2.0m | ▲ 1,145% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.3m ▲164%
Operating result €2.7m, net result €2.3m, both a record.
31-12
Financial
Equity above €5mEq €6.9m ▲48.5%
2 profitable years in a row build equity to €6.9m.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €856,404
Net result €856,404 after 4 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€618,534
Net result drops to -€618,534, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.81 to 3.92.
Show earlier events
31-12
Financial
Equity above €2mEq €3.4m ▲103%
Equity rises from €1.7m to €3.4m.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are 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, Waregem · 1 establishment unit since 2012
Ground area
1,207 m²
Building footprint
376 m²
Volume, LiDAR
632 m³
Parcel 34040C0208/00V002, Flanders · tallest building 12.4 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
YUSO
since 20122.212.149.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0208/00V002 | Flanders | 1,207 m² | 1 · 376 m² | 12.3 m |
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.
Structure & network
Owners and holdings
1 owner · 4 holdingsOwners 1
-
1.55%
Holdings 4
-
100%
- Yuso Nederland BVNLsubsidiarySourceown accounts 202595%
-
50%
-
30%
According to the 2025 annual accounts of YUSO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European Union, budget
2022 · 1 entry · 262,622 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 262,622 EUR |
Projects
ADORED - ACCELERATING THE DEPLOYMENT OF OFFSHORE WIND USING DC TECHNOLOGY
European research
1 project · 262,620 EUR EU contributionProgrammes
Projects
Accelerating the Deployment of Offshore wind using Dc technology
Recognitions · licences · registrations
Legal Entity Identifier
254900P80W1D0KPS1R10
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Of 576 companies in sector 35140 we hold annual accounts for 265. 82 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
Founded20-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
35140Electricity, gas, steam and air conditioning supply
Contact
Website
www.yuso.com
E-mail
info@yuso.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0848296771
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.