Public limited company · founded 2000 · 26 yrs activeMelkerijstraat 10, 8920 Langemark-Poelkapelle, BelgiumKBO/BCE: BE 0472.336.451
Summary
YSCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105.9m and a net result of €31.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 646 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability84▼-1
Solvency94▲+14
Growth74▲+1
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 1.81 in 2024; short-term debt: 30.7% and cash: 11% of total assets), and 31.2% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
YSCO was incorporated on 28 July 2000.1The registered office was moved to Langemark-Poelkapelle in 2025.2In 2025 the capital was increased by EUR 8.4 million to EUR 30 million.3The board currently has 8 members; MILCOBEL cv has served longest, since 2020.4Revenue grew from EUR 246 million in 2018 to EUR 476 million in 2025 and headcount from 481 to 539 full-time equivalents.5
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
03-07
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
01-07
NBB filingAnnual accounts filed
fiscal year 2025 · consolidated
2025
31-12
FinancialEquity above €100mEq €105.9m ▲61.6%
3 profitable years in a row build equity to €105.9m.
04-11
State Gazette actCapital & shares · Statutes amendment
Capital increase · Share issue · Capital7 facts ▸
General meeting, 30-10-2025
Capital increase, €8.369.325,89
Share issue, inbreng in natura, 9457936
Capital, €29.502.275,49
Statutes amendment
Power of attorney, YSCO
Inbreng in natura, een zekere, vaststaande en opeisbare schuldvordering van de enige aandeelhouder ten laste van de Vennootschap
18-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
10-02
State Gazette actResignations: AGRUCO BV, ORTEGAL BV and 3 others
Appointments: Mehmet Can Ilkin, Halil Cem Karakas and BENU BV · Power of attorney · Registered-office move15 facts ▸
General meeting, 08-01-2025
Director resignation, AGRUCO BV (director)
Director resignation, ORTEGAL BV (director)
Director resignation, ABOVE BV (director)
Director resignation, Tom Schiettecat (director)
Director appointment, Mehmet Can Ilkin (director)
Director appointment, Halil Cem Karakas (director)
Director appointment, BENU BV (director)
Power of attorney, A&O Shearman (Belgium) LLP
Board meeting, 08-01-2025
Director resignation, BENU Management BV (day-to-day manager)
Director appointment, BENU BV (bestuurder belast met dagelijks bestuur)
+3 further facts in this act
2024
31-12
FinancialEquity above €50mEq €65.5m ▲71.3%
2 profitable years in a row build equity to €65.5m.
19-06
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
13-06
State Gazette actResignation: The White Engine (director)
Appointments: AGRUCO BV (director) and ABOVE BV (director) · Permanent representatives: Peter Grugeon, Olivier Schietse and Edith Hamelryckx11 facts ▸
General meeting, 01-06-2024
Director resignation, The White Engine (director)
Director appointment, AGRUCO BV (director)
Permanent representative, Peter Grugeon
Director appointment, ABOVE BV (director)
Permanent representative, Olivier Schietse
Board composition, AGRUCO BV (director)
Board composition, ABOVE BV (director)
Board composition, Ortegal BV (director)
Permanent representative, Edith Hamelryckx
Board composition, Tom Schiettecat (director)
07-05
State Gazette actResignations: Milcobel CV, VAN DAM MANAGEMENT BV and The White Engine BV
Appointments: Ortegal BV, The White Engine BV and Tom Schiettecat · Permanent representatives: Edith Hamelryckx, Pierre Stevens and Nils van Dam11 facts ▸
General meeting, 05-03-2024
Director resignation, Milcobel CV (director)
Director appointment, Ortegal BV (director)
Permanent representative, Edith Hamelryckx
Director appointment, The White Engine BV (director)
Permanent representative, Pierre Stevens
Director appointment, Tom Schiettecat (director)
Board meeting, 07-03-2024
Director resignation, VAN DAM MANAGEMENT BV (day-to-day manager)
Permanent representative, Nils van Dam
Director resignation, The White Engine BV (day-to-day manager)
2023
31-12
FinancialBack to profitnet €37.7m
Net result €37.7m after 2 loss-making years.
31-12
FinancialEquity above €25mEq €38.2m ▲7,165%
Equity rises from €526,438 to €38.2m.
Show earlier events
03-08
State Gazette actAppointment: PwC Bedrijfsrevisoren (statutory auditor)
Permanent representative: Eva Van Wonterghem3 facts ▸
State Gazette actResignations: Van Dam Management BV, Ferkas BV and Benu BV
Permanent representatives: Nils van Dam, Ann CELEN and Bert Van Nieuwenborgh · Appointment: Milcobel CV (enige niet statutair bestuurder) · Purpose change16 facts ▸
General meeting, 24-12-2020
Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door het nemen van participaties:…
Statutes amendment
Capital, €21.132.949,6
Director resignation, Van Dam Management BV (director)
Permanent representative, Nils van Dam
Director resignation, Ferkas BV (director)
Permanent representative, Ann CELEN
Director resignation, Benu BV (director)
Permanent representative, Bert Van Nieuwenborgh
Director discharge, Van Dam Management BV
Director discharge, Ferkas BV
+4 further facts in this act
2020
31-12
FinancialBack to profitnet €2.4m
Net result €2.4m after 2 loss-making years.
16-07
State Gazette actResignations: HOF TEN STOPPELEN BV (director) and JURDIAN MANAGEMENT CONSULT BV (director)
Permanent representatives: Liebwin van Lil, Erik De Cock and 3 others · Appointments: FERKAS BV (director) and VAN DAM MANAGEMENT BV (director)13 facts ▸
General meeting, 18-06-2020
Director resignation, HOF TEN STOPPELEN BV (director)
Permanent representative, Liebwin van Lil
Director resignation, JURDIAN MANAGEMENT CONSULT BV (director)
Permanent representative, Erik De Cock
Director appointment, FERKAS BV (director)
Permanent representative, Ann Celen
Director appointment, VAN DAM MANAGEMENT BV (director)
Board composition, HOF TEN STOPPELEN BV (director)
Permanent representative, Liebwin Van Lil
2019
20-09
State Gazette actResignation: Geert Neirynck (director)
Appointment: HOF TEN STOPPELEN BVBA (director) · Permanent representatives: Liebwin van Lil, Bert Van Nieuwenborgh and Peter Koopmans9 facts ▸
General meeting, 30/08/2019
Director resignation, Geert Neirynck (director)
Director appointment, HOF TEN STOPPELEN BVBA (director)
Permanent representative, Liebwin van Lil
Board composition, BENU BVBA (managing director)
Permanent representative, Bert Van Nieuwenborgh
Board composition, JAPON A LA CARTE BVBA (director)
Permanent representative, Peter Koopmans
Board composition, HOF TEN STOPPELEN BVBA (director)
02-07
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
15-05
State Gazette actPermanent representatives: Ann Celen and Francis Relaes
Power of attorney11 facts ▸
Board meeting, 14-12-2018
Power of attorney, Kris Lambrecht
Power of attorney, FERKAS BVBA
Permanent representative, Ann Celen
Power of attorney, Kristel Vertenten
Power of attorney, Dirk Van Gaver
Power of attorney, Koen Bruyneel
Power of attorney, Thijs Keersebilck
Power of attorney, Eddy Leloup
Power of attorney, MATTUCIE BVBA
Permanent representative, Francis Relaes
2018
03-07
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
15-05
State Gazette actResignation: EST EST EST BVBA (director)
Permanent representatives: Eddy de Mûelenaere, Peter Koopmans and Bert Van Nieuwenborgh · Appointment: JAPON A LA CARTE BVBA (director) · Mandate compensation10 facts ▸
General meeting, 17-04-2018
Director resignation, EST EST EST BVBA (director)
Permanent representative, Eddy de Mûelenaere
Director appointment, JAPON A LA CARTE BVBA (director)
Permanent representative, Peter Koopmans
Mandate compensation, JAPON A LA CARTE BVBA
Board composition, Geert Neirynck (director)
Board composition, BENU BVBA (director)
Permanent representative, Bert Van Nieuwenborgh
Board composition, JAPON A LA CARTE BVBA (director)
2017
25-07
State Gazette actReappointment: Bcvba PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
State Gazette actResignations: PH Business & Consulting Services BVBA, Grappa_management BVBA and Jozef Mottar
Power of attorney9 facts ▸
General meeting, 14-01-2014
Director resignation, PH Business & Consulting Services BVBA (director)
Director resignation, Grappa_management BVBA (director)
Director resignation, Jozef Mottar (director)
Board composition, EST EST EST BVBA (director)
Board composition, Geert Neirynck (director)
Board composition, BENU BVBA (director)
Power of attorney, Geert Neirynck
Power of attorney, Dirk Caestecker
2013
21-06
State Gazette actResignation: Patric Buggenhout (director)
Appointment: EST EST EST BVBA (director) · Permanent representatives: Eddy de Mûelenaere, Patrick Huyskens and 2 others · Mandate compensation17 facts ▸
General meeting, 11-06-2013
Director resignation, Patric Buggenhout (director)
Director appointment, EST EST EST BVBA (director)
Permanent representative, Eddy de Mûelenaere
Mandate compensation, EST EST EST BVBA
Board composition, EST EST EST BVBA (director)
Board composition, Geert Neirynck (director)
Board composition, Jozef Mottar (director)
Board composition, PH Business & Consulting Services BVBA (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
23 of 23 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
6 directors, 3 in day-to-day management, no change since 2025
Board 6
MC
MILCOBEL cv
Sole director · since 24-12-2020 · Legal entity · perm. rep.: Nils van Dam
Bestuurder belast met dagelijks bestuur · since 08-01-2025 · Private limited company · perm. rep.: Bert Van Nieuwenborgh
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
BB
BENU BVBA
Managing director · since 09-06-2015 · Legal entity · perm. rep.: Bert Van Nieuwenborgh
Not recently confirmed
Permanent representatives 5
DN
Nils van Dam
Permanent representative · since 24-12-2020 · for MILCOBEL cv
Current
SP
Pierre STEVENS
Permanent representative · since 05-02-2021 · for The White Engine
Current
SO
Olivier Schietse
Permanent representative · since 01-06-2024 · for ABOVE
Current
GP
Peter Grugeon
Permanent representative · since 01-06-2024 · for AGRUCO
Current
NB
Bert Van Nieuwenborgh
Permanent representative · since 08-01-2025 · for BENU
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
ME
Eddy de Mûelenaere
Permanent representative · since 11-06-2013 · for EST EST EST
Not recently confirmed
KP
Peter Koopmans
Permanent representative · since 01-04-2018 · for JAPON A LA CARTE
Not recently confirmed
Statutory auditor 1
BP
Pwc Bedrijfsrevisoren
Statutory auditor · since 10-06-2008 · perm. rep.: Eva Van Wonterghem
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.