ACTIVE

YGARD

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Financial year 2025 · closed on 30/06/2025

Net result

26,2 k €

+1224.3% YoY

Gross margin

395,4 k €

+13.8% YoY

Equity

208 k €

-4.8% YoY

What does YGARD do?

YGARD is a Public limited company incorporated in 1994. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Couvin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.773.243

Incorporation

12/01/1994

Legal form

Public limited company

Registered office

Rue des Monts, Peti. 51
5660 Couvin · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15812Manufacture of leather and related products 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 52240Cargo handling+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	395,4 k €	+13.8%	347,6 k €	-11.0%	390,8 k €	+23.4%	316,6 k €	+2.6%	308,6 k €	+7.4%	287,4 k €	-25.1%	383,6 k €	+25.9%	304,7 k €	-13.9%	353,7 k €	-3.3%	365,7 k €	-0.6%	367,7 k €	+3.1%	356,6 k €	+4.5%	341,2 k €	+9.6%	311,4 k €	-29.9%	444,2 k €	+42.3%	312,3 k €	+29.1%	241,9 k €	+4.2%	232,1 k €	+0.1%	231,8 k €
EBITDA	55,6 k €	+210%	17,9 k €	-74.2%	69,6 k €	+126%	30,8 k €	-60.5%	77,8 k €	+177%	28,1 k €	-70.0%	93,4 k €	+213%	29,9 k €	-70.0%	99,8 k €	+45.3%	68,6 k €	+13.8%	60,3 k €	-18.8%	74,3 k €	+14.3%	65 k €	+11.8%	58,1 k €	-54.6%	127,9 k €	+64.0%	78 k €	+253%	22,1 k €	-62.0%	58,1 k €	-2.7%	59,7 k €
Operating result	34 k €	+779%	3,9 k €	-93.1%	55,8 k €	+723%	6,8 k €	-83.1%	40,2 k €	+367%	-15 k €	-131%	48,1 k €	+336%	-20,4 k €	-144%	46,6 k €	+128%	20,4 k €	+359%	4,4 k €	-71.9%	15,9 k €	+1411%	1 k €	+326%	-463,3 €	-101%	35 k €	+81.6%	19,3 k €	+195%	-20,2 k €	-362%	7,7 k €	-31.5%	11,3 k €
Net result	26,2 k €	+1224%	2 k €	-95.1%	40,7 k €	+763%	4,7 k €	-87.0%	36,2 k €	+352%	-14,4 k €	-141%	35,2 k €	+253%	-23,1 k €	-167%	34,2 k €	+39.4%	24,6 k €	+2610%	-978,2 €	-108%	12 k €	+480%	2,1 k €	+130%	-6,9 k €	-120%	33,8 k €	+128%	14,8 k €	+161%	-24,3 k €	-510%	5,9 k €	-14.2%	6,9 k €
Balance sheet
Equity	208 k €	-4.8%	218,4 k €	+0.9%	216,4 k €	+11.7%	193,7 k €	+1.7%	190,4 k €	+22.4%	155,6 k €	-9.2%	171,3 k €	+32.7%	129,1 k €	-15.2%	152,2 k €	+29.0%	118 k €	+26.3%	93,4 k €	-1.0%	94,4 k €	+14.5%	82,4 k €	+2.6%	80,3 k €	-7.9%	87,2 k €	+4.9%	83,1 k €	+14.3%	72,7 k €	-25.0%	97 k €	+6.5%	91 k €
Total assets	341,1 k €	+19.9%	284,6 k €	-18.8%	350,5 k €	+11.5%	314,4 k €	+4.5%	301 k €	+23.0%	244,8 k €	-19.8%	305 k €	+12.7%	270,7 k €	-14.1%	314,9 k €	+44.6%	217,8 k €	+9.2%	199,4 k €	+9.4%	182,3 k €	-1.6%	185,3 k €	-7.5%	200,3 k €	-13.6%	231,9 k €	-22.8%	300,6 k €	+19.0%	252,6 k €	-10.8%	283,2 k €	-0.8%	285,5 k €
Cash	137,8 k €	-30.3%	197,6 k €	-32.3%	291,7 k €	+20.2%	242,6 k €	+13.6%	213,6 k €	+32.3%	161,4 k €	-11.7%	182,7 k €	+63.0%	112,1 k €	-19.2%	138,7 k €	+32.3%	104,8 k €	+52.6%	68,7 k €	+95.6%	35,1 k €	+31.5%	26,7 k €	+9.0%	24,5 k €	-19.9%	30,6 k €	+47.6%	20,7 k €	+317%	5 k €	-88.9%	44,6 k €	+31.7%	33,9 k €
Debts	133,2 k €	+105%	65 k €	-51.5%	134 k €	+11.0%	120,7 k €	+9.7%	110 k €	+23.3%	89,2 k €	-32.7%	132,5 k €	-6.4%	141,6 k €	-12.3%	161,4 k €	+63.0%	99 k €	-6.6%	106 k €	+20.6%	87,9 k €	-14.6%	102,9 k €	-14.2%	120 k €	-17.1%	144,7 k €	-33.5%	217,5 k €	+20.9%	179,9 k €	+5.8%	170 k €	-12.6%	194,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		9,2 ETP	+3.4%	8,9 ETP	-5.3%	9,4 ETP	+13.3%	8,3 ETP	-10.8%	9,3 ETP	+8.1%	8,6 ETP	-16.5%	10,3 ETP	+21.2%	8,5 ETP	-15.0%	10,0 ETP	+25.0%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 8 ended

Active mandates

JONATHAN VASILAKIS

Director

Active

MARIA THERESE GIUDICI

Director

Active

YVES GARDIN

Managing director

Active

Ended mandates

Jonathan VASSILAKIS

Director · since 17 novembre 2017 · until 17 novembre 2023

Ended

Marie-Thérèse GIUDICI

Director · since 17 novembre 2017 · until 17 novembre 2023

Ended

Yves GARDIN

Managing director · since 17 novembre 2017 · until 17 novembre 2013

Ended

Yves GARDIN

Managing director · since 17 novembre 2017 · until 17 novembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
YG-IMMO● Active	0454.989.782

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/01/2026	27/01/2025	31/01/2024	31/01/2023	08/12/2021	06/10/2020
General meeting	01/09/2025	02/09/2024	15/12/2023	09/11/2022	10/11/2021	07/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	01/09/2025	13/01/2026	French	PDF
Micro model	30/06/2024	02/09/2024	27/01/2025	French	PDF
Micro model	30/06/2023	15/12/2023	31/01/2024	French	PDF
Micro model	30/06/2022	09/11/2022	31/01/2023	French	PDF
Micro model	30/06/2021	10/11/2021	08/12/2021	French	PDF
Micro model	30/06/2020	07/09/2020	06/10/2020	French	PDF
Micro model	30/06/2019	28/11/2019	06/12/2019	French	PDF
Micro model	30/06/2018	03/09/2018	18/09/2018	French	PDF
Micro model	30/06/2017	17/11/2017	27/11/2017	French	PDF
Abridged model	30/06/2016	16/12/2016	23/12/2016	French	PDF
Abridged model	30/06/2015	28/12/2015	26/01/2016	French	PDF
Abridged model	30/06/2014	01/12/2014	28/12/2014	French	PDF
Abridged model	30/06/2013	02/12/2013	31/12/2013	French	PDF
Abridged model	30/06/2012	03/12/2012	29/12/2012	French	PDF
Abridged model	30/06/2011	05/12/2011	12/02/2012	French	PDF
Abridged model	31/12/2009	24/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	01/08/2009	French	PDF
Abridged model	31/12/2007	26/06/2008	31/08/2008	French	PDF
Abridged model	31/12/2006	28/06/2007	23/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 8 ended

Active mandates

JONATHAN VASILAKIS

Director

Active

MARIA THERESE GIUDICI

Director

Active

YVES GARDIN

Managing director

Active

Ended mandates

Jonathan VASSILAKIS

Director · since 17 novembre 2017 · until 17 novembre 2023

Ended

Marie-Thérèse GIUDICI

Director · since 17 novembre 2017 · until 17 novembre 2023

Ended

Yves GARDIN

Managing director · since 17 novembre 2017 · until 17 novembre 2013

Ended

Yves GARDIN

Managing director · since 17 novembre 2017 · until 17 novembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2011
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates30/12/2008
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202526,2 k €↑
2024
Annual accounts 20242 k €↓
2023
Annual accounts 202340,7 k €↑
2022
Annual accounts 20224,7 k €↓
2021
Annual accounts 202136,2 k €↑
2020
Annual accounts 2020-14,4 k €↓
2019
Annual accounts 201935,2 k €↑
2018
Annual accounts 2018-23,1 k €↓
2017
Annual accounts 201734,2 k €↑
2016
Annual accounts 201624,6 k €↑
2015
Annual accounts 2015-978,2 €↓
2014
Annual accounts 201412 k €↑
2013
Annual accounts 20132,1 k €↑
2012
Annual accounts 2012-6,9 k €↓
2011
Annual accounts 201133,8 k €↑
2009
Annual accounts 200914,8 k €↑
2008
Annual accounts 2008-24,3 k €↓
2007
Annual accounts 20075,9 k €↓
2006
Annual accounts 20066,9 k €
12/01/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

YGARD

Overview

What does YGARD do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline