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YELLO

Active
Engelse Wandeling(Kor) 2 ·8500 Kortrijk, Belgium
KBO/BCE: BE 0479.588.685
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Age23 yrs
Staff (FTE)9.4

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of YELLO is 2.0% (moderate). The 2025 annual accounts show negative equity (€-549k) and a net result of €-221k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 8% of 31 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.0% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Annual accounts: weaker financial profile +Long track record

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-221k-335.6%
Working capital€-14k+80.7%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 23-07-2026 with the NBB · fiscal year 2025 · verkort
€-800k€-600k€-400k€-200k€0Operating result 2020: €41k€41kNet result 2020: €-677k€-677kOperating result 2021: €77k€77kNet result 2021: €77k€77kOperating result 2022: €8k€8kNet result 2022: €7k€7kOperating result 2023: €-52k€-52kNet result 2023: €-51k€-51kOperating result 2025: €-221k€-221kNet result 2025: €-221k€-221k20202021202220232025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±1.6%/year).
€-600k€-400k€-200k€02026: €-312k (€-405k - €-219k)2027: €-306k (€-455k - €-157k)2028: €-301k (€-506k - €-96k)2018: €-356k2019: €-402k2020: €-362k2021: €-285k2022: €-278k2023: €-328k2025: €-549k2018201920202021202220232025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 61 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency -415.3% 44.0%
better than 8% of 31 sector peers
Net result €-221k €22k
better than 20% of 31 sector peers
Equity €-549k €23k
better than 10% of 31 sector peers
Total assets €132k €151k
better than 30% of 31 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P8
2020: P10 · n=342021: P5 · n=592022: P5 · n=842023: P5 · n=1152025: P8 · n=312020 2025
Stable position over 2020-2025 · n=31-115
Net result P20
2020: P80 · n=332021: P87 · n=602022: P53 · n=842023: P15 · n=1152025: P20 · n=312020 2025
Weakening position over 2020-2025 · n=31-115
Equity P10
2020: P5 · n=342021: P5 · n=602022: P5 · n=842023: P5 · n=1162025: P10 · n=312020 2025
Stable position over 2020-2025 · n=31-116
Gross operating margin P95
2021: P95 · n=512022: P95 · n=762023: P95 · n=1072021 2023
Stable position over 2021-2023 · n=51-107
Describes the position versus peers, not a forecast.
EBITDA
€-200k
-387.0% far below sector median
Net profit
€-221k
-335.6% far below sector median
Cash flow
€-200k
-408.3% far below sector median
Total assets
€132k
+25.9% +19% vs sector
Equity
€-549k
-67.2% far below sector median
Working capital
€-14k
+80.7% far below sector median
Employees (FTE)
9
-21.0% +219% vs sector
Staff costs
€948k
+44.6% far above sector median
Income taxes
€353
+127.3% -95% vs sector
Debt
€682k
+57.2% far above sector median
Debt ≤ 1y
€138k
-10.5% +256% vs sector
Debt > 1y
€541k
+93.6% far above sector median
Current ratio
0.90
+69.9% -58% vs sector
Quick ratio
0.90
+69.9% -58% vs sector
Solvency
-415.3%
-32.8% far below sector median
Debt / equity
-1.24
+6.0% far below sector median
ROE
40.2%
+160.5% +35% vs sector
ROA
-167.0%
-245.9% far below sector median
Interest coverage
-240.60
-259.4% far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€-200k
Net profit€-221k
Cash flow€-200k
Staff costs€948k
Income taxes€353
Dividends-
Total assets€132k
Equity€-549k
Debt€682k
of which ≤ 1y€138k
of which > 1y€541k
Working capital€-14k
Employees (FTE)9.4
Ratios (computed)
2025
Current ratio0.90
Quick ratio0.90
Working capital ratio-10.6%
Solvency-415.3%
Debt / equity-1.24
Long-term debt ratio-0.98
Interest coverage-240.60
Gross margin-
Net margin-
ROA-167.0%
ROE40.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€132k
Fixed assets 21/28€8k
Intangible fixed assets 21€3k
Tangible fixed assets 22/27€5k
Financial fixed assets 28€625
Current assets 29/58€124k
Amounts receivable within one year 40/41€85k
Cash & bank 54/58€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€132k
Equity 10/15€-549k
Contributions / capital 10/11€315k
Accumulated profits (losses) 14€-864k
Amounts payable 17/49€682k
Amounts payable after one year 17€541k
Amounts payable within one year 42/48€138k
Trade debts payable within one year 44€23k
Income statement
Gross operating margin 9900€750k
Operating result 9901€-221k
Financial income 75€1k
Financial charges 65€832
Result before taxes 9903€-220k
Income taxes 67/77€353
Net result for the period 9904€-221k
Result to be appropriated 9905€-221k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
12 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
YELLO
Engelse Wandeling(Kor) 2, 8500 Kortrijkde exploitatie van elektronische communicatienetwerken voor algemeen gebruik of ten behoeve van bepaalde categorieën van gebruikers (vb.financiële instellingen)
since 20032.127.143.781
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5.3 ha
Buildings1
Building footprint2,087 m²
Volume (LiDAR)12,304 m³
Tallest building8.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34022E0660/00Y002
ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗
Flanders 5.3 ha 1 · 2,087 m² 8.4 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 1 year ago
2025
07-01-2025 1 director appointed, 3 resigning Director changes·Ann Daelscorrection
  • SALMANCO, Niet-statutair bestuurder
  • CALLEWAERT Bart, Niet-statutair bestuurder
  • PARMENTIER Pol, Niet-statutair bestuurder
  • RUNA, Niet-statutair bestuurder
Notary: Ann Daels · Kortrijk

Analysis

Snowflake analysis

financial profile on 5 axes
Health12Profitability100Solvency42Growth58Stability100
62 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 12
Profitability 100
Solvency 42
Growth 58
Stability 100

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet61100Draadloze telecommunicatie61200Telecommunicatie64200Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Reclamebureaus73110Activiteiten van reclamebureaus73110Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Marktonderzoekbureaus74131Public relationsbureaus74141Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Managementactiviteiten van holdings74151Publiciteitsagentschappen74401
Primary activity highlighted.
Names & trade names
Legal nameNL YELLO
Registered office
Engelse Wandeling(Kor) 2 bus F4L
8500 Kortrijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.