Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 46.1 to 41.2.
Financials
Financial year 2025
YDCO from Brussel, company number BE0437234725, closed financial year 2025 with a result of € -235,425 after tax. For that financial year YDCO recorded a gross margin of € 2 million and equity of € -301,312. Compared with financial year 2024, the result moved from € -8,150 to € -235,425. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -301,312
▼ € 235,425 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -235,425
▼ 2788 % more loss than in 2024
Profit after tax over the fiscal year.
€ 127,744
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -573,995.
People and assets in 2025
41.2
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
€ 50,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,789
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 180,466
▼ 45% vs 2024
€ 109,828 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 312,901
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 769,333
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,082,733 | € 2,250,119 | € 2,084,649 | € 1,998,831 | ▼ 4% |
| Profit after taxes | € 354,515 | € -21,591 | € -8,150 | € -235,425 | ▼ € 227,274 |
| Equity | € -36,145 | € -57,736 | € -65,887 | € -301,312 | ▼ € 235,425 |
| Total debts | € 1,430,496 | € 1,758,579 | € 1,613,758 | € 1,617,162 | |
| Cash | € 472,832 | € 196,425 | € 186,387 | € 127,744 | ▼ 31% |
| Land & buildings | € 32,072 | € 99,884 | € 88,573 | € 82,861 | ▼ 6% |
| Retained profit | € -308,828 | € -330,419 | € -338,570 | € -573,995 | ▼ € 235,425 |
| Bank debt | € 515,149 | € 406,129 | € 329,818 | € 180,466 | ▼ 45% |
| Balance sheet total | € 1,394,351 | € 1,700,842 | € 1,547,871 | € 1,315,850 | ▼ 15% |
| Employees (FTE) | 41 | 46.1 | 42.3 | 41.2 | ▼ 1.1 |
Key figures of YDCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to YDCO?
What happened at YDCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MANICO FININVEST SA stepped down as director. NBB
- MARTHE TAVANAE stepped down as director. NBB
- MCCW INVEST stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 235,425. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 354,515 profit in 2022 to € 235,425 loss in 2025.
Paid € 54,631 in corporate taxes since 2022.
Best year ever: 2022, with € 354,515 profit.
On average € 48,500 of value added per employee in 2025.
Management
The stake of Quinze Invest, MANICO FININVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
YDCOThe shares are held by Quinze Invest (82.3%) and MANICO FININVEST (5.1%). It owns 99% of SA S.H.G.P. itself.
Directors
According to the 2025 annual accounts
· until 2030
MARTHE TAVANAE
Director
· until 2030
· until 2030
Shareholders
82.3%
5.1%
Participations
99%
Establishments
Establishment units
Physical locations of this company
Grote Markt 11
1000 Brussel
Grote Markt 2-3
1000 Brussel
Active since 19 June 2021
Predikherenstraat 8/10
1000 Brussel
Active since 1 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.234.725
- VAT number
- BE 0437.234.725
- Registered office
- Grote Markt 11, 1000 Brussel
- Names & denominations
- YDCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1989
- Peppol
- Active · Active since 27 Jan 2026
- Activities · NACE
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