ACTIVE

FrieslandCampina Belgium Cheese

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Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €-26,8 %over 1 year
Revenue33,2 M €-7,1 %over 1 year
Equity8,4 M €-84,4 %over 1 year
Workforce6,7 ETP+15,5 %over 1 year

Identity

Source · BCE/KBO

FrieslandCampina Belgium Cheese is a Public limited company incorporated in 1979. Its registered office is in Aalter. It employs on average 6,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0419.250.133
Incorporation
21/02/1979
Legal form
Public limited company
Registered office
Venecolaan 17
9880 Aalter · FlandreSee on map
Contributed capital
1 600 000,00 €
Latest accounts
31/12/2025
Average workforce
6,7 ETP
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue33,2 M €35,7 M €36,2 M €36,1 M €31,7 M €
EBITDA718,1 k €560,2 k €294,5 k €4,5 M €2,9 M €
Operating result686,6 k €536,1 k €186,1 k €4,4 M €2,6 M €
Net result1,5 M €2,1 M €1,6 M €4,5 M €2,5 M €
Balance sheet
Equity8,4 M €53,7 M €51,6 M €50 M €45,5 M €
Total assets12,7 M €59,2 M €59,7 M €57,2 M €50,8 M €
Cash–––––
Debts4,3 M €5,3 M €7,9 M €7 M €5 M €
Other
Workforce6,7 ETP5,8 ETP7,5 ETP7,3 ETP5,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 33 ended

Active mandates

Christophe Guilmin

Director · since 01 janvier 2026 · until 11 mai 2029

Active
Joris Verheijen

Director · since 01 janvier 2026 · until 11 mai 2029

Active
ORTEGAL

Director · since 01 janvier 2026 · until 11 mai 2029 · 0736.989.370

Represented by Edith Hamelryckx

Active
Joris Vogelpoel

Managing director · since 01 avril 2024 · until 10 mai 2030

Active
Wesley Demoed

Director · since 01 avril 2024 · until 01 janvier 2026

Active

Ended mandates

Joris Vogelpoel

Director · since 01 avril 2024 · until 10 mai 2030

Ended
Wesley Demoed

Director · since 01 avril 2024 · until 10 mai 2030

Ended
Carlijn Janssen

Director · since 23 septembre 2021 · until 01 avril 2024

Ended
Carlijn Janssen

Director · since 23 septembre 2021 · until 14 mai 2027

Ended

Other companies at this address

Venecolaan 17 9880 Aalter
CompanyCBE no.
A-ware Dairy Products Belgium● Active
0763.907.761
FrieslandCampina Belgium● Active
0402.814.175
YOKO CHEESE● Active
0832.679.870

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/07/202615/05/202502/07/202401/08/202309/08/202215/09/2021
General meeting08/05/202609/05/202510/05/202430/06/202313/05/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/05/202613/07/2026DutchPDF
Full model31/12/202409/05/202515/05/2025DutchPDF
Full model31/12/202310/05/202402/07/2024DutchPDF
Full model31/12/202230/06/202301/08/2023DutchPDF
Full model31/12/202113/05/202209/08/2022DutchPDF
Full model31/12/202030/06/202115/09/2021DutchPDF
Full model31/12/201930/06/202018/07/2020DutchPDF
Full model31/12/201810/05/201903/06/2019DutchPDF
Full model31/12/201711/05/201831/05/2018DutchPDF
Full model31/12/201612/05/201708/06/2017DutchPDF
Full model31/12/201530/06/201630/06/2016DutchPDF
Full model31/12/201417/09/201522/09/2015DutchPDF
Full model31/12/201330/05/201405/06/2014DutchPDF
Full model31/12/201221/06/201302/07/2013DutchPDF
Full model31/12/201123/09/201227/09/2012DutchPDF
Full model31/12/201018/07/201101/08/2011DutchPDF
Full model31/12/200930/06/201026/07/2010DutchPDF
Full model31/12/200808/05/200910/06/2009DutchPDF
Full model31/12/200709/05/200811/06/2008DutchPDF
Full model31/12/200611/05/200702/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

5 active · 33 ended

Active mandates

Christophe Guilmin

Director · since 01 janvier 2026 · until 11 mai 2029

Active
Joris Verheijen

Director · since 01 janvier 2026 · until 11 mai 2029

Active
ORTEGAL

Director · since 01 janvier 2026 · until 11 mai 2029 · 0736.989.370

Represented by Edith Hamelryckx

Active
Joris Vogelpoel

Managing director · since 01 avril 2024 · until 10 mai 2030

Active
Wesley Demoed

Director · since 01 avril 2024 · until 01 janvier 2026

Active

Ended mandates

Joris Vogelpoel

Director · since 01 avril 2024 · until 10 mai 2030

Ended
Wesley Demoed

Director · since 01 avril 2024 · until 10 mai 2030

Ended
Carlijn Janssen

Director · since 23 septembre 2021 · until 01 avril 2024

Ended
Carlijn Janssen

Director · since 23 septembre 2021 · until 14 mai 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other11/09/2026
    DOEL, DIVERSEN, STATUTEN (VERTALING, COORDINATIE,
    PDF
  • Other06/07/2026
    —
    PDF
  • Mandates22/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 01/01/2026
    nominationJoris VOGELPOEL — gedelegeerd bestuurder
  2. 01/01/2026
    demissionWesley DEMOED — bestuurder
  3. 01/01/2026
    nominationORTEGAL BV — bestuurder
  4. 01/01/2026
    nominationChristophe GUILMIN — bestuurder
  5. 01/01/2026
    nominationJoris VERHEIJEN — bestuurder
  6. 2025
    Annual accounts 20251,5 M €↓
  7. 09/05/2025
    nominationPeter D'hondt — commissaris
  8. 2024
    Annual accounts 20242,1 M €↑
  9. 01/04/2024
    nominationJoris VOGELPOEL — bestuurder
  10. 01/04/2024
    nominationWesley DEMOED — bestuurder
  11. 2023
    Annual accounts 20231,6 M €↓
  12. 2022
    Annual accounts 20224,5 M €↑
  13. 2021
    Annual accounts 20212,5 M €↓
  14. 23/09/2021
    nominationCarlijn Janssen — bestuurder
  15. 03/09/2021
    nominationPricewaterhouseCoopers Bedrijfsrevisoren BV — commissaris
  16. 2020
    Annual accounts 20202,7 M €↓
  17. 2019
    Annual accounts 20192,8 M €↓
  18. 2018
    Annual accounts 20185,3 M €↑
  19. 2017
    Annual accounts 20174,2 M €↑
  20. 2016
    Annual accounts 20163 M €↑
  21. 2015
    Annual accounts 20152,9 M €↓
  22. 2014
    Annual accounts 20144,1 M €↓
  23. 2013
    Annual accounts 20134,4 M €↑
  24. 2012
    Annual accounts 20123,1 M €↓
  25. 2011
    Annual accounts 20113,7 M €↑
  26. 2011
    Name changeFrieslandCampina Belgium Cheese
  27. 2010
    Annual accounts 2010-4,7 M €↑
  28. 2009
    Annual accounts 2009-14,8 M €↓
  29. 2008
    Annual accounts 2008-7,2 M €↓
  30. 2007
    Annual accounts 2007-388,1 k €↓
  31. 2006
    Annual accounts 200618,5 k €
  32. 2006
    Name changeCAMPINA MILK FAT PRODUCTS
  33. 21/02/1979
    IncorporationPublic limited company