Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
YMDS from Elsene, company number BE0726484171, closed financial year 2025 with a result of € -21,957 after tax. For that financial year YMDS recorded a gross margin of € 14,598 and equity of € -135,526. Compared with financial year 2024, the result moved from € -64,157 to € -21,957. 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 October 31, 2025.
€ -135,526
▼ € 21,957 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,957
▲ 66 % less loss than in 2024
Profit after tax over the fiscal year.
€ 223
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -141,726.
People and assets in 2025
€ 24,646
▼ 78% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,128
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 622
Loans from banks and other lenders, long and short.
€ 26,831
▲ 183% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,118
▼ 91% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 137,059 | € 87,837 | € 104,792 | € 14,598 | ▼ 86% |
| Profit after taxes | € -44,988 | € -26,220 | € -64,157 | € -21,957 | ▲ € 42,201 |
| Equity | € -23,192 | € -49,412 | € -113,569 | € -135,526 | ▼ € 21,957 |
| Total debts | € 190,633 | € 168,085 | € 158,102 | € 190,586 | ▲ 21% |
| Cash | € 27,355 | € 23,374 | € 14,265 | € 223 | ▼ 98% |
| Retained profit | € -29,392 | € -55,612 | € -119,769 | € -141,726 | ▼ € 21,957 |
| Bank debt | € 8,594 | € 5,565 | € 0 | € 622 | |
| Balance sheet total | € 167,441 | € 118,673 | € 44,532 | € 55,060 | ▲ 24% |
Key figures of YMDS, 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 October 2026.
What happened to YMDS?
What happened at YMDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,957. Source: NBB ↗
- New establishment in Elsene. KBO
- Michael Chiche became a director. NBB
- David Ghysels became a director. NBB
- Sebastien Matagne became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 44,988 loss in 2022 to € 21,957 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind YMDS are Michael Chiche, David Ghysels and Sebastien Matagne. David Ghysels is also behind ULUWATU.
Directors
According to the 2025 annual accounts
Michael Chiche
Director
since 2019
since 2019
Sebastien Matagne
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Emile de Becolaan 47
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →Phoenix Voice
MANNING INTERNATIONAL
J.M.A.C.
€ -6,303 gross margin · 2024
XLS GRAPHIC DESIGN
€ -1,472 gross margin · 2025
HAKUNA MATATA
€ -89,162 gross margin · 2025
+13 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0726.484.171
- VAT number
- BE 0726.484.171
- Registered office
- Emile de Becolaan 47, 1050 Elsene
- Names & denominations
- YMDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 2019
- Peppol
- Active · Active since 24 Feb 2026
- Activities · NACE
Catering van evenementen