YVSA
ActiveYVSA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €40k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+6
Solvency76▼-24
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 6.32 in 2024; short-term debt: 49.3% and cash: 55.1% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
50.7%
Return on assets
18.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-01-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
47 d early
2023
56 d early
2022
58 d early
2021
59 d late
2020
130 d early
2019
132 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▼ 27.1%
2024 · €148k
2018: €79k
2019: €97k
2020: €126k
2021: €154k
2022: €146k
2023: €144k
2024: €148k
2018 → 2025
Total assets
€213k▲ 22.0%
2024 · €175k
2018: €126k
2019: €130k
2020: €201k
2021: €214k
2022: €208k
2023: €213k
2024: €175k
2018 → 2025
Net result
€40k▲ 62.8%
2024 · €24k
2018: €39k
2019: €26k
2020: €37k
2021: €36k
2022: €29k
2023: €33k
2024: €24k
2018 → 2025
Working capital
€107k▼ 23.7%
2024 · €140k
2018: €73k
2019: €91k
2020: €107k
2021: €134k
2022: €124k
2023: €128k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€154k-€146k▼ 5.2%€144k▼ 1.8%€148k▲ 3.2%€108k▼ 27.1%
Operating result€43k-€35k▼ 19.3%€41k▲ 16.2%€31k▼ 23.8%€56k▲ 81.4%
Net result€36k-€29k▼ 18.4%€33k▲ 13.0%€24k▼ 26.5%€40k▲ 62.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€1k▼ 85.5%
Current assets
€212k▲ 27.3%
Equity and liabilities €213k
Equity
€108k▼ 27.1%
Debt
€105k▲ 299%
The debt ratio rises from 15.1% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€63k▲
2024 · €38k
Cash flow
€47k▲
2024 · €32k
Solvency
50.7%▼
2024 · 84.9%
Current ratio
2.02▼
2024 · 6.32
Quick ratio
2.02▼
2024 · 6.32
Debt / equity
0.97▲
2024 · 0.18
ROE
36.6%▲
2024 · 16.4%
ROA
18.5%▲
2024 · 13.9%
Interest coverage
249.94▲
2024 · 28.86
Debt
€105k▲
2024 · €26k
Debt ≤ 1 year
€105k▲
2024 · €26k
Income taxes
€20k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€175k€213k▲
Fixed assets21/28€8k€1k▼
Tangible fixed assets22/27€8k€781▼
Furniture and vehicles24€8k€781▼
Financial fixed assets28€400€400=
Current assets29/58€167k€212k▲
Amounts receivable after more than one year29€14k€9k▼
Other amounts receivable291€14k€9k▼
Amounts receivable within one year40/41€54k€85k▲
Trade receivables40€4k€23k▲
Other amounts receivable41€50k€62k▲
Cash at bank and in hand54/58€98k€117k▲
Deferred charges and accrued income490/1€174€176▲
Equity and liabilities
Total equity and liabilities10/49€175k€213k▲
Equity10/15€148k€108k▼
Contributions10/11€19k€19k=
Reserves13€130k€89k▼
Distributable reserves133€130k€89k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€26k€105k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€26k€105k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€2k€22k▲
Taxes450/3€2k€22k▲
Other amounts payable47/48€20k€81k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€508€1k▲
Gross operating margin9900€39k€64k▲
Operating profit (loss)9901€31k€56k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€1k€253▼
Recurring financial charges65€1k€253▼
Profit (loss) for the period before taxes9903€33k€60k▲
Income taxes67/77€9k€20k▲
Profit (loss) for the period9904€24k€40k▲
Profit (loss) for the period to be appropriated9905€24k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€40k▲
Transfer from equity791/2€19k€79k▲
Transfer to equity691/2€23k€39k▲
To other reserves6921€23k€39k▲
Profit to be distributed694/7€20k€80k▲
Return on contributions (dividend)694€20k€80k▲
Directors or managers695€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €40k ▲62.8%
Operating result €56k, net result €40k, both a record.
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €24k ▼26.5%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 6.32
Current ratio from 2.88 to 6.32; short-term debt falls from €68k to €26k.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-09
Financial
Equity above €150kEq €154k ▲22.4%
4 profitable years in a row build equity to €154k.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-09
Financial
Equity above €100kEq €126k ▲29.5%
3 profitable years in a row build equity to €126k.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-03
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.
Directors · office · real estate
Directors
7 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, Merelbeke · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spookhofstraat 89820 MerelbekeGround area
1,079 m²
Building footprint
162 m²
Volume, LiDAR
677 m³
Parcel 44412B0739/00G000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Spookhofstraat 8, 9820 Merelbeke-Melle
since 19962.075.543.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0739/00G000 | Flanders | 1,079 m² | 1 · 162 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DE BROUWER STEFAN
BE 0475.073.930
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RK DECOR
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DDPH
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,225 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-1996
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.