YSER
ActiveSummary
YSER has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.96M and a net result of €844k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 2276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-1
Solvency45▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.54 in 2024; short-term debt: 12.6% and cash: 1.3% of total assets), and 79.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
20.1%
Return on assets
5.7%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
14 d early
2023
14 d early
2022
13 d early
2021
16 d early
2020
17 d late
2019
21 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.96M▲ 11.2%
2024 · €2.67M
2018: €754k
2019: €374k
2020: €3.01M
2021: €3.06M
2022: €2.73M
2023: €2.45M
2024: €2.67M
2018 → 2025
Total assets
€14.76M▼ 10.8%
2024 · €16.55M
2018: €10.82M
2019: €11.38M
2020: €14.08M
2021: €13.71M
2022: €11.98M
2023: €12.56M
2024: €16.55M
2018 → 2025
Net result
€844k▲ 29.4%
2024 · €652k
2018: €-557k
2019: €-381k
2020: €-379k
2021: €51k
2022: €-330k
2023: €-279k
2024: €652k
2018 → 2025
Working capital
€-210k▲ 87.7%
2024 · €-1.71M
2018: €-3.65M
2019: €-4.10M
2020: €-2.24M
2021: €-549k
2022: €-810k
2023: €34k
2024: €-1.71M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.06M-€2.73M▼ 10.8%€2.45M▼ 10.2%€2.67M▲ 8.7%€2.96M▲ 11.2%
Operating result€176k-€-247k€-214k▲ 13.4%€739k€1.12M▲ 51.9%
Net result€51k-€-330k€-279k▲ 15.3%€652k€844k▲ 29.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.76M
Fixed assets
€13.11M ▼ 10.1%
Current assets
€1.65M ▼ 16.5%
Equity and liabilities €14.76M
Equity
€2.96M ▲ 11.2%
Debt
€11.80M ▼ 15.1%
Debt's share of the balance-sheet total falls from 83.9% to 79.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.58M▼
2024 · €1.93M
Cash flow
€1.31M▼
2024 · €1.84M
Current ratio
0.89▲
2024 · 0.54
Debt to equity
3.98▼
2024 · 5.21
ROE
28.5%▲
2024 · 24.5%
ROA
5.7%▲
2024 · 3.9%
Interest coverage
5.70▼
2024 · 13.90
Debt ≤ 1 year
€1.86M▼
2024 · €3.69M
Debt > 1 year
€9.89M▼
2024 · €10.20M
Income taxes
€2k▲
2024 · €996
Staff costs
€45k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.55M€14.76M▼
Fixed assets21/28€14.57M€13.11M▼
Tangible fixed assets22/27€14.56M€13.09M▼
Land and buildings22€14.53M€12.99M▼
Plant, machinery and equipment23-€15k
Furniture and vehicles24€34k€93k▲
Financial fixed assets28€15k€15k=
Current assets29/58€1.98M€1.65M▼
Amounts receivable within one year40/41€1.63M€1.45M▼
Trade receivables40€180k€150k▼
Other amounts receivable41€1.45M€1.30M▼
Cash at bank and in hand54/58€350k€196k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€16.55M€14.76M▼
Equity10/15€2.67M€2.96M▲
Contributions10/11€2.00M€2.00M=
Revaluation surpluses12€2.58M€2.03M▼
Reserves13€17k€0▼
Distributable reserves133€17k€0▼
Profit (loss) carried forward14€-1.93M€-1.07M▲
Amounts payable17/49€13.89M€11.80M▼
Amounts payable after more than one year17€10.20M€9.89M▼
Financial debts170/4€5.34M€5.00M▼
Other amounts payable178/9€4.86M€4.89M▲
Amounts payable within one year42/48€3.69M€1.86M▼
Current portion of amounts payable after more than one year42€956k€532k▼
Financial debts43€1.30M€0▼
Credit institutions430/8€1.30M€0▼
Trade debts44€68k€15k▼
Suppliers440/4€68k€15k▼
Taxes, remuneration and social security45€40k€40k▲
Taxes450/3€35k€38k▲
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€1.33M€1.28M▼
Accrued charges and deferred income492/3-€45k
Income statement
Code20242025
Non-recurring operating income76A€1.73M€1.49M▼
Remuneration, social security and pensions62€9k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.19M€461k▼
Other operating charges640/8€37k€35k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.97M€1.66M▼
Operating profit (loss)9901€739k€1.12M▲
Financial income75/76B€53k€568▼
Recurring financial income75€53k€568▼
Non-recurring financial income76B€0-
Financial charges65/66B€139k€278k▲
Recurring financial charges65€139k€278k▲
Profit (loss) for the period before taxes9903€653k€845k▲
Income taxes67/77€996€2k▲
Profit (loss) for the period9904€652k€844k▲
Profit (loss) for the period to be appropriated9905€652k€844k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.93M€-1.08M▲
Profit (loss) brought forward from the previous period14P€-2.58M€-1.93M▲
Transfer from equity791/2-€17k
Social balance
Average headcount (FTE)90870.20.8▲
The notes to these accounts (24 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €844k ▲29.4%
Operating result €1.12M, net result €844k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €652k
Net result €652k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.50 to 1.02.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after 3 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Equity above €2MEq €3.01M ▲706%
Equity rises from €374k to €3.01M.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2014
31-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
2013
17-09
State Gazette act
General meeting · Director reappointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brugge · 1 establishment unit since 1999
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.
Gistelse Steenweg 4238200 BruggeGround area
788 m²
Building footprint
387 m²
Volume, LiDAR
3,795 m³
Parcel 31027D0225/00A000, Flanders · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Gistelse Steenweg 423, 8200 Brugge
since 19992.091.676.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0225/00A000 | Flanders | 788 m² | 1 · 387 m² | 17.5 m · 4 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 2,587 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
82990Other business support services
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.