ACTIVE

CFF Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+18.8% YoY

Revenue

12,6 M €

-6.8% YoY

Equity

12,9 M €

+9.3% YoY

Workforce

37,4 ETP

+6.6% YoY

What does CFF Belgium do?

CFF Belgium is a Public limited company incorporated in 1973. Its main activity is: Manufacture of other food products n.e.c.. Its registered office is in Temse. It employs on average 37,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.514.166

Incorporation

02/07/1973

Legal form

Public limited company

Registered office

Eurolaan 5
9140 Temse · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

37,4 ETP

Activities (NACE)

10890Manufacture of other food products n.e.c.· main 10890Manufacture of other food products n.e.c.17120Manufacture of paper and paperboard 17120Manufacture of paper and paperboard 21121Manufacture of basic pharmaceutical products

Joint committees (2)

13600
22200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	12,6 M €	-6.8%	13,6 M €	-0.9%	13,7 M €	-6.8%	14,7 M €	+23.3%	11,9 M €	+4.7%	11,4 M €	-0.3%	11,4 M €	+8.1%	10,5 M €	-4.6%	11,1 M €	+10.3%	10 M €	+8.5%	9,2 M €	+3.0%	9 M €	+3.5%	8,7 M €	+19.9%	7,2 M €	+10.2%	6,6 M €	+4.5%	6,3 M €	+26.1%	5 M €	-34.7%	7,6 M €	-0.3%	7,7 M €	-4.5%	8 M €
EBITDA	2 M €	+3.3%	1,9 M €	-24.1%	2,5 M €	+79.5%	1,4 M €	-2.5%	1,4 M €	-10.7%	1,6 M €	+4.8%	1,5 M €	+56.1%	981,1 k €	+1.1%	970,5 k €	+20.7%	803,9 k €	+27.3%	631,3 k €	+38.7%	455,1 k €	-59.1%	1,1 M €	+82.9%	608,7 k €	-25.5%	817,3 k €	-28.5%	1,1 M €	+69.6%	673,9 k €	-37.2%	1,1 M €	+4.4%	1 M €	-32.1%	1,5 M €
Operating result	1,3 M €	+13.1%	1,2 M €	-37.1%	1,9 M €	+113%	869,3 k €	-5.4%	918,5 k €	-20.4%	1,2 M €	+1.7%	1,1 M €	+85.9%	610,2 k €	+6.1%	574,9 k €	+29.8%	442,9 k €	+38.0%	321,1 k €	+57.8%	203,4 k €	-69.5%	667,6 k €	+298%	167,6 k €	-56.5%	385,5 k €	-50.1%	773 k €	+359%	168,3 k €	-70.5%	571,6 k €	-4.8%	600,3 k €	-41.7%	1 M €
Net result	1,1 M €	+18.8%	922,5 k €	-33.7%	1,4 M €	+135%	592,9 k €	-3.8%	616,5 k €	-28.4%	860,9 k €	+13.2%	760,6 k €	+84.5%	412,3 k €	-0.5%	414,2 k €	+189%	143,2 k €	-28.8%	201,2 k €	+33.1%	151,1 k €	-67.9%	471,3 k €	+117%	216,8 k €	-43.7%	384,8 k €	-35.9%	600 k €	+274%	160,2 k €	-67.4%	491,9 k €	-1.2%	497,7 k €	-19.7%	620,1 k €
Balance sheet
Equity	12,9 M €	+9.3%	11,8 M €	+8.5%	10,9 M €	+14.7%	9,5 M €	+6.7%	8,9 M €	+7.5%	8,3 M €	+11.6%	7,4 M €	+11.5%	6,6 M €	+6.6%	6,2 M €	+7.1%	5,8 M €	+2.5%	5,7 M €	+3.7%	5,5 M €	-10.3%	6,1 M €	+8.4%	5,6 M €	+4.0%	5,4 M €	+7.7%	5 M €	+13.5%	4,4 M €	+3.8%	4,3 M €	+13.0%	3,8 M €	+15.2%	3,3 M €
Total assets	14,1 M €	+7.1%	13,1 M €	+8.3%	12,1 M €	+8.4%	11,2 M €	+9.4%	10,2 M €	+6.5%	9,6 M €	+9.6%	8,8 M €	+14.5%	7,6 M €	+5.7%	7,2 M €	+1.8%	7,1 M €	+6.3%	6,7 M €	+0.4%	6,6 M €	-3.1%	6,9 M €	+7.6%	6,4 M €	+8.2%	5,9 M €	+3.6%	5,7 M €	+14.2%	5 M €	-5.8%	5,3 M €	-6.3%	5,6 M €	-10.5%	6,3 M €
Cash	3,5 M €	-43.2%	6,2 M €	+31.7%	4,7 M €	+92.7%	2,4 M €	-24.8%	3,3 M €	+3.9%	3,1 M €	+14.3%	2,7 M €	+14.5%	2,4 M €	+43.8%	1,7 M €	-0.0%	1,7 M €	+48.6%	1,1 M €	+45.8%	768 k €	-51.6%	1,6 M €	+245%	460,7 k €	+18.0%	390,4 k €	-64.8%	1,1 M €	+73.3%	640,1 k €	+59.4%	401,6 k €	+176%	145,6 k €	-59.0%	354,7 k €
Debts	1,2 M €	-12.2%	1,3 M €	+6.2%	1,3 M €	-26.5%	1,7 M €	+27.8%	1,3 M €	+0.6%	1,3 M €	-1.6%	1,4 M €	+35.0%	1 M €	+0.1%	999,5 k €	-2.6%	1 M €	+2.1%	1 M €	-14.6%	1,2 M €	+55.8%	755,7 k €	+2.2%	739,7 k €	+62.0%	456,5 k €	-30.2%	654,2 k €	+19.9%	545,4 k €	-45.4%	999,5 k €	-46.3%	1,9 M €	-38.4%	3 M €
Other
Workforce	37,4 ETP	+6.6%	35,1 ETP	+2.3%	34,3 ETP	+4.9%	32,7 ETP	+16.4%	28,1 ETP	-5.4%	29,7 ETP	+4.2%	28,5 ETP	+9.6%	26,0 ETP	+8.3%	24,0 ETP	0.0%	24,0 ETP	+12.7%	21,3 ETP	+12.1%	19,0 ETP	+0.5%	18,9 ETP	+21.2%	15,6 ETP	+4.0%	15,0 ETP	+2.0%	14,7 ETP	+1.4%	14,5 ETP	-25.3%	19,4 ETP	-13.8%	22,5 ETP	-3.8%	23,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Markus ZOTT

Director · since 31 juillet 2023 · until 09 mai 2028

Active

Dirk VEHENT

Director · since 01 janvier 2022 · until 11 mai 2027

Active

Ended mandates

Dirk VEHENT

Director · since 01 janvier 2022 · until 31 décembre 2027

Ended

Jean - Dominique VERSTREKEN

Director · since 01 décembre 2017 · until 09 mai 2023

Ended

Markus ZOTT

Director · since 30 novembre 2017 · until 09 mai 2023

Ended

Markus ZOTT

Director · since 30 novembre 2017 · until 31 juillet 2023

Ended

Annual accounts

Full financial information

	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	09/07/2026	09/07/2025	02/07/2024	31/07/2023	31/08/2022	30/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	31/07/2023	15/07/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	31/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	15/07/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	22/08/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	05/08/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	24/11/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	08/05/2012	05/06/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	09/06/2011	Dutch	PDF
Full model	31/12/2009	11/05/2010	09/06/2010	Dutch	PDF
Full model	31/12/2008	12/05/2009	10/06/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	06/06/2008	Dutch	PDF
Full model	31/12/2006	08/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Markus ZOTT

Director · since 31 juillet 2023 · until 09 mai 2028

Active

Dirk VEHENT

Director · since 01 janvier 2022 · until 11 mai 2027

Active

Ended mandates

Dirk VEHENT

Director · since 01 janvier 2022 · until 31 décembre 2027

Ended

Jean - Dominique VERSTREKEN

Director · since 01 décembre 2017 · until 09 mai 2023

Ended

Markus ZOTT

Director · since 30 novembre 2017 · until 09 mai 2023

Ended

Markus ZOTT

Director · since 30 novembre 2017 · until 31 juillet 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other26/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates05/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other22/06/2018
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other27/02/2018
DIVERSEN
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 20251,1 M €↑
2024
Annual accounts 2024922,5 k €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022592,9 k €↓
2021
Annual accounts 2021616,5 k €↓
2020
Annual accounts 2020860,9 k €↑
2019
Annual accounts 2019760,6 k €↑
2018
Annual accounts 2018412,3 k €↓
2017
Annual accounts 2017414,2 k €↑
2017
Name changeCFF Belgium
2016
Annual accounts 2016143,2 k €↓
2015
Annual accounts 2015201,2 k €↑
2014
Annual accounts 2014151,1 k €↓
2013
Annual accounts 2013471,3 k €↑
2012
Annual accounts 2012216,8 k €↓
2011
Annual accounts 2011384,8 k €↓
2010
Annual accounts 2010600 k €↑
2009
Annual accounts 2009160,2 k €↓
2008
Annual accounts 2008491,9 k €↓
2007
Annual accounts 2007497,7 k €↓
2006
Annual accounts 2006620,1 k €
2006
Name changeInternational Fiber Europe
02/07/1973
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

CFF Belgium

Overview

What does CFF Belgium do?

Trend over 20 financial years

Indicative valuation

Board of directors

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