ACTIVE

TERRE DE FROMAGES

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Financial year 2025 · Closed on 31/12/2025

Net result36,9 k €-58,0 %over 1 year

Gross margin2,1 M €+3,9 %over 1 year

Equity1,2 M €+3,2 %over 1 year

Workforce24,2 ETP+1,7 %over 1 year

Identity

Source · BCE/KBO

TERRE DE FROMAGES is a Public limited company incorporated in 1979. Its main activity is: Operation of dairies and cheese making. Its registered office is in Herve. It employs on average 24,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.790.165
Incorporation: 29/09/1979
Legal form: Public limited company
Registered office: Rue de Charneux 32
4650 Herve · WallonieSee on map
Contributed capital: 255 000,00 €
Latest accounts: 31/12/2025
Average workforce: 24,2 ETP

Activities (NACE)

10510Operation of dairies and cheese making· main 10510Operation of dairies and cheese making 15510Manufacture of leather and related products 46331Wholesale of dairy products, eggs and edible oils and fats 46331Wholesale of dairy products, eggs and edible oils and fats 51331Air transport

Joint committees (4)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,1 M €	+3.9%	2 M €	-4.7%	2,1 M €	+46.0%	1,4 M €	+30.5%	1,1 M €
EBITDA	146,6 k €	-39.2%	241,1 k €	-19.6%	300 k €	+305%	74,1 k €	-22.7%	95,8 k €
Operating result	87,1 k €	-50.1%	174,4 k €	-25.6%	234,4 k €	+1320%	-19,2 k €	-129%	65,3 k €
Net result	36,9 k €	-58.0%	87,8 k €	-37.6%	140,8 k €	+285%	-76,1 k €	-396%	25,7 k €
Balance sheet
Equity	1,2 M €	+3.2%	1,2 M €	+8.2%	1,1 M €	+15.1%	932,1 k €	-7.5%	1 M €
Total assets	4,1 M €	+1.7%	4,1 M €	-4.2%	4,3 M €	+1.6%	4,2 M €	+20.2%	3,5 M €
Cash	325,7 k €	-10.2%	362,5 k €	+171%	133,8 k €	-49.7%	265,9 k €	+205%	87,1 k €
Debts	2,9 M €	+1.0%	2,9 M €	-8.4%	3,2 M €	-2.3%	3,3 M €	+31.6%	2,5 M €
Other
Workforce	24,2 ETP	+1.7%	23,8 ETP	+17.2%	20,3 ETP	0.0%	20,3 ETP	+38.1%	14,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GEFIME0444.594.550Represented by CABAY Jean-Marie	Director08/05/2026 → 14/05/2032
JaNah Gest0801.139.034Represented by Frdéréic HEINS	Director08/05/2023 → 14/05/2032
HERITAGE 14660425.964.513Represented by Jean-Marc CABAY	Director09/05/2014 → 14/05/2032
J.M.C.0420.019.205Represented by Jean-Marc CABAY	Director09/05/2014 → 14/05/2032Managing director09/05/2014 → 2018 accountsended
Jean-Marie Cabay	Director01/05/2010 → 14/05/2027Managing director01/05/2004 → 2008 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoit MEDEGHINI0654.927.766Represented by Benoit Medeghini	Director01/07/2016 → 30/09/2020
Jacques CABAY	Director09/05/2014 → 2017 accounts

Other companies at this address

Rue de Charneux 32 4650 Herve

Company	CBE no.
FROMAGERIE DU PLATEAU● Active	0712.894.768
HERITAGE 1466● Active	0425.964.513
HERITAGE HERVE● Active	0731.894.296
J.M.C.● Active	0420.019.205
PARVEST● Active	0462.740.181
TDF Immobilière● Active	0454.988.101

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	15/07/2025	17/07/2024	20/07/2023	06/07/2022	08/07/2021
General meeting	26/05/2026	09/05/2025	10/05/2024	08/05/2023	03/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	09/05/2025	15/07/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	08/05/2023	20/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	06/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	08/07/2021	French	PDF
Abridged model	31/12/2019	08/05/2020	11/09/2020	French	PDF
Abridged modelCorrection	31/12/2018	10/05/2019	12/09/2019	French	PDF
Abridged model	31/12/2018	10/05/2019	05/08/2019	French	PDF
Abridged model	31/12/2017	18/05/2018	06/07/2018	French	PDF
Abridged model	31/12/2016	12/05/2017	21/06/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	23/05/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	12/05/2014	French	PDF
Abridged model	31/12/2012	23/05/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	17/07/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	04/07/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	18/06/2010	French	PDF
Abridged model	31/12/2008	01/05/2009	23/06/2009	French	PDF
Abridged model	31/12/2007	01/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	01/05/2007	27/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GEFIME0444.594.550Represented by CABAY Jean-Marie	Director08/05/2026 → 14/05/2032
JaNah Gest0801.139.034Represented by Frdéréic HEINS	Director08/05/2023 → 14/05/2032
HERITAGE 14660425.964.513Represented by Jean-Marc CABAY	Director09/05/2014 → 14/05/2032
J.M.C.0420.019.205Represented by Jean-Marc CABAY	Director09/05/2014 → 14/05/2032Managing director09/05/2014 → 2018 accountsended
Jean-Marie Cabay	Director01/05/2010 → 14/05/2027Managing director01/05/2004 → 2008 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoit MEDEGHINI0654.927.766Represented by Benoit Medeghini	Director01/07/2016 → 30/09/2020
Jacques CABAY	Director09/05/2014 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2014
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/05/2011
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/03/2011
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF

Similar companies

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

GEFIME

JaNah Gest

J.M.C.

HERITAGE 1466

Jean-Marie CABAY

Benoit MEDEGHINI

Jacques CABAY

Jean-Marc CABAY

Guy CABAY

197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

TERRE DE FROMAGES

Rue de Charneux 32, 4650 Herve

Director

DirectorManaging director

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Charneux 32, 4650 HerveCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00149800

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TERRE DE FROMAGESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00149800

Events

2025
Annual accounts 202536,9 k €↓
2024
Annual accounts 202487,8 k €↓
2023
Annual accounts 2023140,8 k €↑
2022
Annual accounts 2022-76,1 k €↓
2021
Annual accounts 202125,7 k €↓
2018
Annual accounts 201872,7 k €↓
2017
Annual accounts 2017184,2 k €↑
2016
Annual accounts 2016138,2 k €↑
2015
Annual accounts 201582,8 k €↓
2014
Annual accounts 2014104,4 k €↑
2013
Annual accounts 201338 k €↓
2012
Annual accounts 201239,3 k €↑
2011
Annual accounts 2011-14,6 k €↓
2010
Annual accounts 2010-975 €↓
2009
Annual accounts 2009179,2 k €↑
2008
Annual accounts 2008124,9 k €↑
2007
Annual accounts 20075,4 k €↑
2006
Annual accounts 20061,9 k €
29/09/1979
IncorporationPublic limited company

TERRE DE FROMAGES

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