YW Industrial Piping
ActiveYW Industrial Piping has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €-4k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-8
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.37 against 3.2 in 2023; short-term debt: 19.3% and cash: 1.3% of total assets), and 19.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80.7%
Return on assets
-3.6%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
29 d late
2022
25 d late
2021
29 d late
2020
27 d late
2019
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€88k▼ 4.3%
2023 · €92k
2018: €57k
2019: €65k
2020: €81k
2021: €85k
2022: €88k
2023: €92k
2018 → 2024
Total assets
€109k▼ 19.6%
2023 · €135k
2018: €75k
2019: €83k
2020: €151k
2021: €134k
2022: €124k
2023: €135k
2018 → 2024
Net result
€-4k
2023 · €4k
2018: €17k
2019: €14k
2020: €17k
2021: €4k
2022: €3k
2023: €4k
2018 → 2024
Working capital
€71k▼ 4.9%
2023 · €74k
2018: €50k
2019: €58k
2020: €60k
2021: €64k
2022: €70k
2023: €74k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€85k▲ 5.1%€88k▲ 3.1%€92k▲ 4.2%€88k▼ 4.3%
Operating result€21k-€5k▼ 77.3%€1k▼ 71.8%€3k▲ 157%€-3k
Net result€17k-€4k▼ 75.3%€3k▼ 35.1%€4k▲ 38.5%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109k
Fixed assets
€17k▼ 37.2%
Current assets
€92k▼ 15.2%
Equity and liabilities €109k
Equity
€88k▼ 4.3%
Debt
€21k▼ 51.8%
The debt ratio falls from 32.2% to 19.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2023 · €17k
Cash flow
€9k▼
2023 · €17k
Solvency
80.7%▲
2023 · 67.8%
Current ratio
4.37▲
2023 · 3.20
Quick ratio
4.37▲
2023 · 3.20
Debt / equity
0.24▼
2023 · 0.48
ROE
-4.5%▼
2023 · 4.0%
ROA
-3.6%▼
2023 · 2.7%
Interest coverage
9.46▼
2023 · 20.59
Debt
€21k▼
2023 · €44k
Debt ≤ 1 year
€21k▼
2023 · €34k
Income taxes
€831▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€135k€109k▼
Fixed assets21/28€27k€17k▼
Tangible fixed assets22/27€27k€16k▼
Land and buildings22€1k€797▼
Plant, machinery and equipment23€598-
Furniture and vehicles24€25k€16k▼
Financial fixed assets28€462€462=
Current assets29/58€108k€92k▼
Amounts receivable after more than one year29-€70k
Other amounts receivable291-€70k
Amounts receivable within one year40/41€89k€20k▼
Trade receivables40€9k€18k▲
Other amounts receivable41€80k€2k▼
Cash at bank and in hand54/58€11k€1k▼
Deferred charges and accrued income490/1€8k-
Equity and liabilities
Total equity and liabilities10/49€135k€109k▼
Equity10/15€92k€88k▼
Contributions10/11€6k€6k=
Reserves13€80k€81k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€78k€80k▲
Profit (loss) carried forward14€6k-
Amounts payable17/49€44k€21k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€34k€21k▼
Current portion of amounts payable after more than one year42€11k€10k▼
Trade debts44€16k€6k▼
Suppliers440/4€16k€6k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€906€1k▲
Gross operating margin9900€18k€11k▼
Operating profit (loss)9901€3k€-3k▼
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€826€1k▲
Recurring financial charges65€826€1k▲
Profit (loss) for the period before taxes9903€6k€-3k▼
Income taxes67/77€3k€831▼
Profit (loss) for the period9904€4k€-4k▼
Profit (loss) for the period to be appropriated9905€4k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€2k▼
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer to equity691/2€4k€2k▼
To other reserves6921€4k€2k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼206%
Net result drops to €-4k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Moorslede · 1 establishment unit since 2011
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.
Oude Molenweg 11B8890 MoorsledeGround area
818 m²
Building footprint
227 m²
Volume, LiDAR
1,328 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
YW Industrial Piping
since 20112.200.619.402
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012A1735/00S000 | Flanders | 637 m² | 1 · 126 m² | 9.2 m · 2 fl. |
| 36012A1737/00D000 | Flanders | 181 m² | 1 · 101 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HB Services Group
BE 0737.648.574
Elsene · Eq €88k
JOOST PIPELEERS
BE 0896.043.339
Tongeren-Borgloon · Eq €88k
JORDENS LEON
BE 0423.933.649
Bekkevoort · Eq €88k
SBMR
BE 0751.890.649
Lommel · Eq €88k
Ansa Projects
BE 0773.839.175
Deerlijk · Eq €88k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 3,066 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-07-2011
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
25110Manufacture of metal structures and parts of structures
25401Forging of metal
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.