Financials
Financial year 2025
YSCO from Langemark-Poelkapelle, company number BE0472336451, closed financial year 2025 with a result of € 31.7 million after tax. For that financial year YSCO recorded revenue of € 475.9 million and equity of € 105.9 million. Compared with financial year 2024, the result moved from € 27.3 million to € 31.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 105.9 million
▲ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31.7 million
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 16.9 million
▲ € 15.5 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 76.1 million.
People and assets in 2025
539.1
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 39.5 million
▲ 9% vs 2024
€ 73,300 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.
€ 80,607
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.1 million
Loans from banks and other lenders, long and short.
€ 26 million
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.
€ 7.1 million
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 325,996,949 | € 421,272,629 | € 420,899,556 | € 475,879,643 | ▲ 13% |
| Profit after taxes | € -12,087,575 | € 37,716,787 | € 27,256,142 | € 31,745,035 | ▲ 16% |
| Equity | € 526,438 | € 38,243,225 | € 65,499,367 | € 105,872,728 | ▲ 62% |
| Total debts | € 93,855,605 | € 63,895,803 | € 54,565,237 | € 47,864,100 | ▼ 12% |
| Cash | € 96,042 | € 2,333,412 | € 1,373,611 | € 16,859,949 | ▲ € 15.5 million |
| Land & buildings | € 5,011,241 | € 5,827,270 | € 7,289,964 | € 8,522,064 | ▲ 17% |
| Retained profit | € -20,606,512 | € 17,110,275 | € 44,366,417 | € 76,119,410 | ▲ 72% |
| Bank debt | € 0 | € 0 | € 0 | € 14,100,430 | |
| Balance sheet total | € 94,416,296 | € 102,186,078 | € 120,089,284 | € 153,859,943 | ▲ 28% |
| Employees (FTE) | 519.3 | 540.3 | 540.3 | 539.1 | ▼ 1.2 |
Key figures of YSCO, 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 YSCO?
What happened at YSCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31.7 million (▲ 16% vs 2024). Source: NBB ↗
- Halil Cem Karakas became a director. NBB
- BENU BV became a director. NBB
- Mehmet Can Ilkin became a director. NBB
- New establishment in Langemark-Poelkapelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 12.1 million loss in 2022 to € 31.7 million profit in 2025.
Paid € 31.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 37.7 million profit.
Pays suppliers within 23 days on average.
Management
The stake of Milcobel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
YSCOBehind YSCO are Halil Cem Karakas, BENU BV and Mehmet Can Ilkin. The shares are held by Milcobel (100%). It owns 100% of Ysco Holding France itself.
Establishments
Establishment units
Physical locations of this company
Melkerijstraat 10
8920 Langemark-Poelkapelle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Domain
Domain
ysco.eu
Registrar
Combell NV
Website info
Features
Security
Details
- Company number
- 0472.336.451
- VAT number
- BE 0472.336.451
- Registered office
- Melkerijstraat 10, 8920 Langemark-Poelkapelle
- Names & denominations
- YSCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2000
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- ysco.eu
- Activities · NACE
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