ACTIVE

FrieslandCampina Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result19,1 M €-56,7 %over 1 year

Revenue1,5 Md €+8,1 %over 1 year

Equity115,8 M €-48,9 %over 1 year

Workforce1 129,3 ETP-2,0 %over 1 year

Identity

Source · BCE/KBO

FrieslandCampina Belgium is a Public limited company incorporated in 1930. Its main activity is: Operation of dairies and cheese making. Its registered office is in Aalter. It employs on average 1 129,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.814.175
Incorporation: 23/10/1930
Legal form: Public limited company
Registered office: Venecolaan 17
9880 Aalter · FlandreSee on map
Contributed capital: 38 935 103,00 €
Latest accounts: 31/12/2025
Average workforce: 1 129,3 ETP

Activities (NACE)

10510Operation of dairies and cheese making· main 10510Operation of dairies and cheese making 15510Manufacture of leather and related products

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 28 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,5 Md €	+8.1%	1,4 Md €	+11.9%	1,2 Md €	+3.2%	1,2 Md €	+33.7%	905,2 M €
EBITDA	55,9 M €	-13.4%	64,6 M €	+61.4%	40 M €	+2.0%	39,2 M €	+4.8%	37,5 M €
Operating result	27,6 M €	-48.0%	53,2 M €	+127%	23,4 M €	-1.3%	23,8 M €	+18.8%	20 M €
Net result	19,1 M €	-56.7%	44,2 M €	+197%	14,9 M €	-12.9%	17,1 M €	+27.1%	13,4 M €
Balance sheet
Equity	115,8 M €	-48.9%	226,8 M €	+24.2%	182,6 M €	+8.9%	167,7 M €	+11.3%	150,7 M €
Total assets	378,3 M €	-20.4%	475,3 M €	+10.4%	430,7 M €	+7.9%	399 M €	+19.3%	334,5 M €
Cash	239 €	-99.4%	42,5 k €	+10.1%	38,6 k €		–		–
Debts	248,4 M €	+2.9%	241,4 M €	+6.0%	227,7 M €	-0.3%	228,4 M €	+26.7%	180,3 M €
Other
Workforce	1 129,3 ETP	-2.0%	1 152,4 ETP	-4.2%	1 202,8 ETP	+1.4%	1 185,8 ETP	+1.4%	1 169,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe Guilmin	Director01/01/2026 → 11/05/2029
Joris Verheijen	Director01/01/2026 → 11/05/2029
ORTEGAL0736.989.370Represented by Hamelryckx Edith	Director01/01/2026 → 11/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David DE WIT	Director01/09/2024 → 12/05/2028
Clement NOUWENS	Director01/04/2024 → 14/05/2027

Other companies at this address

Venecolaan 17 9880 Aalter

Company	CBE no.
A-ware Dairy Products Belgium● Active	0763.907.761
FrieslandCampina Belgium Cheese● Active	0419.250.133
YOKO CHEESE● Active	0832.679.870

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/05/2026	02/06/2025	16/05/2024	30/05/2023	30/05/2022	15/06/2021
General meeting	08/05/2026	30/05/2025	10/05/2024	12/05/2023	13/05/2022	14/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 28 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/05/2026	12/05/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	02/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	14/02/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	10/05/2024	16/05/2024	Dutch	PDF
Consolidated accounts	31/12/2023	05/03/2024	16/05/2024	Dutch	PDF
Full model	31/12/2022	12/05/2023	30/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	07/03/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	30/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	18/02/2022	30/05/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	15/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	19/02/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	08/05/2020	16/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	14/02/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	10/05/2019	14/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	15/02/2019	14/05/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	31/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	16/02/2018	31/05/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	13/05/2016	31/05/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	09/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	31/05/2013	Dutch	PDF
Full model	31/12/2011	11/05/2012	31/05/2012	Dutch	PDF
Full model	31/12/2010	13/05/2011	31/05/2011	Dutch	PDF
Full model	31/12/2009	14/05/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	08/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	09/05/2008	07/08/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	14/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe Guilmin	Director01/01/2026 → 11/05/2029
Joris Verheijen	Director01/01/2026 → 11/05/2029
ORTEGAL0736.989.370Represented by Hamelryckx Edith	Director01/01/2026 → 11/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David DE WIT	Director01/09/2024 → 12/05/2028
Clement NOUWENS	Director01/04/2024 → 14/05/2027

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other06/07/2026
—
PDF
Mandates22/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2024
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1930

Name

Registered office

Annual accounts

Filings18 filings

Mandates

ORTEGAL

Joris Verheijen

Christophe Guilmin

David DE WIT

Clement NOUWENS

Dustin Woodward

Klaas Dewilde

Peter Szautner

Stéphane DE SCHRYVER

Thomas DE PAUW

Acronius HETTINGA

Pieter DE BROUWERS

and 15 more mandates

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

FrieslandCampina Belgium

Venecolaan 17, 9880 Aalter

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Venecolaan 17, 9880 AalterCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00114482

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FrieslandCampina BelgiumCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00114482

Events

01/01/2026
nominationORTEGAL BV · bestuurder
01/01/2026
nominationChristophe GUILMIN · bestuurder
01/01/2026
nominationJoris VERHEIJEN · bestuurder
2025
Annual accounts 202519,1 M €↓
30/05/2025
nominationPeter D'hondt · commissaris
2024
Annual accounts 202444,2 M €↑
01/09/2024
nominationDavid DE WIT · bestuurder
01/04/2024
nominationDustin WOODWARD · bestuurder
01/04/2024
nominationClement NOUWENS · bestuurder
01/04/2024
nominationKlaas DEWILDE · bestuurder
2023
Annual accounts 202314,9 M €↓
01/11/2023
nominationPéter Erik SZAUTNER · bestuurder
01/03/2023
nominationStéphane de Schryver · bestuurder
2022
Annual accounts 202217,1 M €↑
13/05/2022
reconductionPwC Bedrijfsrevisoren BV · commissaris
2021
Annual accounts 202113,4 M €↑
2020
Annual accounts 202010,2 M €↓
2018
Annual accounts 201814,6 M €↑
2016
Annual accounts 20169,1 M €↑
2015
Annual accounts 20155,9 M €↓
2014
Annual accounts 20148,7 M €↑
2013
Annual accounts 2013-7,4 M €↓
2012
Annual accounts 2012-3,9 M €↓
2011
Annual accounts 2011997,2 k €↓
2010
Annual accounts 20107,4 M €↓
2009
Annual accounts 200924,3 M €↓
2008
Annual accounts 200834,4 M €↑
2007
Annual accounts 200719,2 M €↑
2006
Annual accounts 200619,1 M €
23/10/1930
IncorporationPublic limited company

FrieslandCampina Belgium

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events