YSCO
ActiveSummary
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 717 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 employer in Langemark-Poelkapelle#2 company by total assets in Langemark-Poelkapelle, Manufacturing sector#2 company by equity in Langemark-Poelkapelle, Manufacturing sector
Turnover
€475.9m▲ 13.1%
2024 · €420.9m
EBIT margin
9.7%▲ 0.6pp
2024 · 9.1%
Net result
€31.7m▲ 16.5%
2024 · €27.3m
Working capital
€80.1m▲ 83.2%
2024 · €43.7m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€281.6m▲ 1.7%€326.0m▲ 15.8%€421.3m▲ 29.2%€420.9m▼ 0.1%€475.9m▲ 13.1%
Operating result€0.9m▼ 74.9%-€10.1m€53.5m€38.4m▼ 28.2%€46.1m▲ 20.1%
Net result-€1.6mbelow the sector's middle half-€12.1mbelow the sector's middle half▼ 671%€37.7mabove the sector's middle half€27.3mabove the sector's middle half▼ 27.7%€31.7mabove the sector's middle half▲ 16.5%
EBIT margin0.3%▼ 1.0pp-3.1%▼ 3.4pp12.7%▲ 15.8pp9.1%▼ 3.6pp9.7%▲ 0.6pp
Equity€12.6mabove the sector's middle half▼ 11.0%€0.5mwithin the sector's middle half▼ 95.8%€38.2mabove the sector's middle half▲ 7,165%€65.5mabove the sector's middle half▲ 71.3%€105.9mabove the sector's middle half▲ 61.6%
Total assets€90.4mabove the sector's middle half▲ 7.2%€94.4mabove the sector's middle half▲ 4.4%€102.2mabove the sector's middle half▲ 8.2%€120.1mabove the sector's middle half▲ 17.5%€153.9mabove the sector's middle half▲ 28.1%
Debt€77.4m▲ 11.0%€93.9m▲ 21.3%€63.9m▼ 31.9%€54.6m▼ 14.6%€47.9m▼ 12.3%
Working capital-€4.1mbelow the sector's middle half-€16.7mbelow the sector's middle half▼ 307%€20.1mabove the sector's middle half€43.7mabove the sector's middle half▲ 117%€80.1mabove the sector's middle half▲ 83.2%
Solvency14.0%below the sector's middle half▼ 2.9pp0.6%below the sector's middle half▼ 13.4pp37.4%within the sector's middle half▲ 36.9pp54.5%within the sector's middle half▲ 17.1pp68.8%above the sector's middle half▲ 14.3pp
Current ratio0.95within the sector's middle half▼ 0.070.82below the sector's middle half▼ 0.121.32within the sector's middle half▲ 0.491.81within the sector's middle half▲ 0.492.70above the sector's middle half▲ 0.89
Return on assets (ROA)-1.7%below the sector's middle half▼ 4.6pp-12.8%below the sector's middle half▼ 11.1pp36.9%above the sector's middle half▲ 49.7pp22.7%above the sector's middle half▼ 14.2pp20.6%above the sector's middle half▼ 2.1pp
Staff (FTE)518.5above the sector's middle half=519.3above the sector's middle half▲ 0.2%540.3above the sector's middle half▲ 4.0%540.3above the sector's middle half=539.1above the sector's middle half▼ 0.2%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153.9m
Fixed assets
€26.6m ▲ 18.9%
Current assets
€127.3m ▲ 30.2%
Equity and liabilities €153.9m
Equity
€105.9m ▲ 61.6%
Provisions
€123,115 ▲ 399%
Debt
€47.9m ▼ 12.3%
Debt's share of the balance-sheet total falls from 45.4% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50.9m▲
2024 · €41.8m
Cash flow
€36.5m▲
2024 · €30.7m
Quick ratio
1.34▲
2024 · 0.99
Debt to equity
0.45▼
2024 · 0.83
ROE
30.0%▼
2024 · 41.6%
Interest coverage
18.41▼
2024 · 26.60
Debt ≤ 1 year
€47.2m▼
2024 · €54.0m
Income taxes
€11.1m▲
2024 · €8.6m
Staff costs
€39.5m▲
2024 · €36.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
2.5%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €288.9m | €326.2m | €436.2m | €426.9m | €496.9m | ▲ 16.4% |
| Turnover70 | €281.6m | €326.0m | €421.3m | €420.9m | €475.9m | ▲ 13.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €5.7m | -€3.5m | €9.1m | €3.2m | €18.4m | ▲ 477% |
| Other operating income74 | €1.6m | €1.5m | €2.3m | €2.2m | €2.4m | ▲ 9.0% |
| Non-recurring operating income76A | €0.08m | €2.2m | €3.5m | €0.5m | €0.2m | ▼ 67.6% |
| Operating charges60/66A | €288.0m | €336.3m | €382.7m | €388.5m | €450.7m | ▲ 16.0% |
| Goods for resale, raw materials and consumables60 | €204.9m | €247.0m | €283.8m | €282.6m | €337.3m | ▲ 19.4% |
| Purchases600/8 | €205.4m | €249.3m | €283.0m | €282.1m | €338.8m | ▲ 20.1% |
| Change in stocks: decrease (increase)609 | -€0.5m | -€2.4m | €0.7m | €0.5m | -€1.5m | ▼ 411% |
| Services and other goods61 | €52.0m | €54.4m | €61.9m | €65.3m | €68.5m | ▲ 4.9% |
| Remuneration, social security and pensions62 | €27.8m | €29.6m | €33.6m | €36.3m | €39.5m | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.8m | €3.2m | €3.0m | €3.4m | €4.8m | ▲ 40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.09m | -€0.01m | ▼ 117% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€0.02m | -€0.4m | €0.01m | -€0.02m | €0.1m | ▲ 540% |
| Other operating charges640/8 | €0.5m | €0.4m | €0.4m | €0.3m | €0.5m | ▲ 81.1% |
| Non-recurring operating charges66A | - | €2.1m | €0.1m | €0.5m | - | - |
| Operating profit (loss)9901 | €0.9m | -€10.1m | €53.5m | €38.4m | €46.1m | ▲ 20.1% |
| Financial income75/76B | €0.007m | €0.2m | €0.1m | €0.02m | €0.5m | ▲ 1,900% |
| Recurring financial income75 | €0.007m | €0.2m | €0.1m | €0.02m | €0.5m | ▲ 1,900% |
| Income from current assets751 | - | - | €0.06m | €55 | €0.4m | ▲ 657,022% |
| Other financial income752/9 | €0.007m | €0.2m | €0.04m | €0.02m | €0.1m | ▲ 455% |
| Financial charges65/66B | €1.8m | €2.3m | €3.7m | €2.6m | €3.8m | ▲ 46.3% |
| Recurring financial charges65 | €1.8m | €2.3m | €3.7m | €2.6m | €3.8m | ▲ 46.3% |
| Debt charges650 | €1.2m | €1.6m | €2.8m | €1.6m | €2.8m | ▲ 76.0% |
| Other financial charges652/9 | €0.6m | €0.7m | €0.9m | €1.0m | €1.1m | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | -€0.9m | -€12.2m | €49.9m | €35.8m | €42.8m | ▲ 19.5% |
| Income taxes67/77 | €0.7m | -€0.1m | €12.2m | €8.6m | €11.1m | ▲ 29.3% |
| Taxes670/3 | €0.7m | €0.02m | €12.2m | €8.8m | €11.2m | ▲ 26.9% |
| Tax adjustments and reversals of tax provisions77 | €0.01m | €0.2m | €0.002m | €0.2m | €0.1m | ▼ 56.5% |
| Profit (loss) for the period9904 | -€1.6m | -€12.1m | €37.7m | €27.3m | €31.7m | ▲ 16.5% |
| Profit (loss) for the period to be appropriated9905 | -€1.6m | -€12.1m | €37.7m | €27.3m | €31.7m | ▲ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90.4m | €94.4m | €102.2m | €120.1m | €153.9m | ▲ 28.1% |
| Fixed assets21/28 | €17.2m | €17.3m | €18.3m | €22.3m | €26.6m | ▲ 18.9% |
| Intangible fixed assets21 | €0.09m | €0.09m | €0.1m | €0.4m | €1.0m | ▲ 148% |
| Tangible fixed assets22/27 | €14.6m | €14.7m | €15.7m | €19.4m | €23.1m | ▲ 18.7% |
| Land and buildings22 | €3.8m | €5.0m | €5.8m | €7.3m | €8.5m | ▲ 16.9% |
| Plant, machinery and equipment23 | €5.7m | €9.4m | €7.3m | €12.2m | €13.4m | ▲ 10.3% |
| Furniture and vehicles24 | €0.006m | - | - | - | €0.08m | - |
| Other tangible fixed assets26 | €0.009m | €0.006m | €0.004m | - | - | - |
| Assets under construction and advance payments27 | €5.0m | €0.3m | €2.6m | - | €1.1m | - |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Affiliated companies280/1 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Participating interests280 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Other financial fixed assets284/8 | €0.008m | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €0.008m | - | - | - | - | - |
| Current assets29/58 | €73.2m | €77.1m | €83.8m | €97.7m | €127.3m | ▲ 30.2% |
| Stocks and contracts in progress3 | €36.5m | €33.6m | €41.9m | €44.2m | €64.1m | ▲ 45.1% |
| Stocks30/36 | €36.5m | €33.6m | €41.9m | €44.2m | €64.1m | ▲ 45.1% |
| Raw materials and consumables30/31 | €6.4m | €8.3m | €7.6m | €7.1m | €8.6m | ▲ 21.8% |
| Finished goods33 | €30.2m | €25.3m | €34.4m | €37.1m | €55.5m | ▲ 49.5% |
| Amounts receivable within one year40/41 | €36.2m | €43.4m | €39.6m | €52.1m | €45.8m | ▼ 12.0% |
| Trade receivables40 | €14.5m | €21.0m | €20.5m | €21.9m | €2.3m | ▼ 89.6% |
| Other amounts receivable41 | €21.7m | €22.4m | €19.0m | €30.2m | €43.6m | ▲ 44.4% |
| Cash at bank and in hand54/58 | €0.4m | €0.1m | €2.3m | €1.4m | €16.9m | ▲ 1,127% |
| Deferred charges and accrued income490/1 | - | €0.06m | €0.02m | €0.1m | €0.5m | ▲ 320% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90.4m | €94.4m | €102.2m | €120.1m | €153.9m | ▲ 28.1% |
| Equity10/15 | €12.6m | €0.5m | €38.2m | €65.5m | €105.9m | ▲ 61.6% |
| Contributions10/11 | €21.1m | €21.1m | €21.1m | €21.1m | €29.5m | ▲ 39.6% |
| Capital10 | €21.1m | €21.1m | €21.1m | €21.1m | €29.5m | ▲ 39.6% |
| Issued capital100 | €21.1m | €21.1m | €21.1m | €21.1m | €29.5m | ▲ 39.6% |
| Revaluation surpluses12 | - | - | - | - | €0.3m | - |
| Reserves13 | - | - | €0.9m | €2.1m | €3.0m | ▲ 40.0% |
| Non-distributable reserves130/1 | - | - | €0.9m | €2.1m | €3.0m | ▲ 39.6% |
| Legal reserve130 | - | - | €0.9m | €2.1m | €3.0m | ▲ 39.6% |
| Distributable reserves133 | - | - | - | - | €0.008m | - |
| Profit (loss) carried forward14 | -€8.5m | -€20.6m | €16.3m | €42.3m | €73.2m | ▲ 73.1% |
| Provisions and deferred taxes16 | €0.4m | €0.03m | €0.05m | €0.02m | €0.1m | ▲ 399% |
| Provisions for liabilities and charges160/5 | €0.4m | €0.03m | €0.05m | €0.02m | €0.1m | ▲ 399% |
| Pensions and similar obligations160 | €0.05m | €0.03m | €0.05m | €0.02m | €0.02m | ▼ 31.5% |
| Major repairs and maintenance162 | €0.4m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.1m | - |
| Amounts payable17/49 | €77.4m | €93.9m | €63.9m | €54.6m | €47.9m | ▼ 12.3% |
| Amounts payable within one year42/48 | €77.3m | €93.8m | €63.7m | €54.0m | €47.2m | ▼ 12.7% |
| Financial debts43 | - | - | - | - | €14.1m | - |
| Other loans439 | - | - | - | - | €14.1m | - |
| Trade debts44 | €31.6m | €46.9m | €33.5m | €31.3m | €26.0m | ▼ 17.0% |
| Suppliers440/4 | €31.6m | €46.9m | €33.5m | €31.3m | €26.0m | ▼ 17.0% |
| Taxes, remuneration and social security45 | €4.0m | €4.5m | €17.4m | €5.5m | €7.1m | ▲ 29.8% |
| Taxes450/3 | €0.3m | €0.3m | €13.1m | €0.9m | €1.4m | ▲ 53.0% |
| Remuneration and social security454/9 | €3.7m | €4.2m | €4.4m | €4.6m | €5.7m | ▲ 25.2% |
| Other amounts payable47/48 | €41.6m | €42.3m | €12.9m | €17.3m | €0.002m | ▼ 100.0% |
| Accrued charges and deferred income492/3 | €0.1m | €0.06m | €0.2m | €0.5m | €0.7m | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.6m | -€12.1m | €37.7m | €27.3m | €31.7m | ▲ 16.5% |
| + Depreciation and write-downs630 | €2.8m | €3.2m | €3.0m | €3.4m | €4.8m | ▲ 40.7% |
| Operating cash flow (approximation) | €1.2m | -€8.9m | €40.7m | €30.7m | €36.5m | ▲ 19.2% |
| Investment in fixed assets (approximation) | - | -€3.3m | -€4.0m | -€7.4m | -€9.0m | ▼ 21.9% |
| Change in cash | - | -€0.3m | €2.2m | -€1.0m | €15.5m | ▲ 1,713% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 609 companies in this sector we hold annual accounts for 238. 4 are within a factor 10 of this equity. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 14 entries · €605,746 awarded · €211,566 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | €83,755 | €83,755 |
| 2024 | 4 | €444,355 | €50,175 |
| 2023 | 2 | €42,605 | €42,605 |
| 2022 | 3 | €35,031 | €35,031 |
European research
1 project · €132,850 EU contributionProgrammes
Projects
Building sustainable logistics through trusted collaborative networks across the entire supply chain