ACTIVE

Culinor Food Group

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Financial year 2025 · Closed on 31/12/2025

Net result11,4 M €+395,2 %over 1 year

Revenue34,6 M €-21,0 %over 1 year

Equity12,4 M €+166,3 %over 1 year

Workforce121,5 ETP-21,4 %over 1 year

Identity

Source · BCE/KBO

Culinor Food Group is a Public limited company incorporated in 1998. Its main activity is: Manufacture of prepared meals and dishes. Its registered office is in Destelbergen. It employs on average 121,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.033.944
Incorporation: 25/08/1998
Legal form: Public limited company
Registered office: Houtstraat 46
9070 Destelbergen · FlandreSee on map
Contributed capital: 7 418 913,34 €
Latest accounts: 31/12/2025
Average workforce: 121,5 ETP

Activities (NACE)

10850Manufacture of prepared meals and dishes· main 10850Manufacture of prepared meals and dishes 10890Manufacture of other food products n.e.c.10890Manufacture of other food products n.e.c.

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	34,6 M €	-21.0%	43,8 M €	-2.4%	44,9 M €	+6.9%	42 M €	+21.8%	34,5 M €
EBITDA	772,2 k €	-71.6%	2,7 M €	+16.0%	2,3 M €	+55.9%	1,5 M €	+41.9%	1,1 M €
Operating result	7,7 M €	+188%	-8,8 M €	-751%	1,3 M €	+110%	643,2 k €	+141%	267,1 k €
Net result	11,4 M €	+395%	-3,9 M €	-164%	6 M €	+2.5%	5,9 M €	-1.7%	6 M €
Balance sheet
Equity	12,4 M €	+166%	4,7 M €	-45.3%	8,5 M €	+0.2%	8,5 M €	+0.9%	8,4 M €
Total assets	25 M €	+1.1%	24,7 M €	-16.6%	29,7 M €	-4.6%	31,1 M €	+5.4%	29,5 M €
Cash	7,9 k €	+24.3%	6,4 k €	+12.4%	5,7 k €	-99.7%	1,7 M €	+86.9%	935,7 k €
Debts	10,5 M €	+5.8%	9,9 M €	-52.0%	20,6 M €	-6.4%	22 M €	+8.4%	20,3 M €
Other
Workforce	121,5 ETP	-21.4%	154,6 ETP	-4.9%	162,6 ETP	+3.1%	157,7 ETP	-9.6%	174,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ESPEJO0656.535.590Represented by Filip De Spiegeleire	Director30/03/2023 → 26/05/2026Managing director26/08/2016 → 21/04/2017ended
Monika F. Walser	Director24/06/2025 → 26/05/2026
Sacha Gerber	Director24/06/2025 → 26/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andreas Heinz Lindner	Director30/03/2023 → 2024 accounts
Daniel Lutz	Director30/03/2023 → 2024 accounts

Other companies at this address

Houtstraat 46 9070 Destelbergen

Company	CBE no.
CULINOR● Active	0432.833.301
Culinor Europe● Active	0659.794.394
GROEP CULINOR● Active	0818.654.165
LOODS 13● Active	0597.614.129
Tasty Food Factory● Active	0807.093.745

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	16/06/2026	08/07/2025	21/06/2024	19/06/2023	20/06/2022	28/06/2021
General meeting	26/05/2026	24/06/2025	28/05/2024	26/05/2023	10/06/2022	11/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	10/06/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	03/08/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	20/06/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	24/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	30/08/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	19/06/2009	Dutch	PDF
Full model	31/12/2007	11/08/2008	21/08/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	02/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ESPEJO0656.535.590Represented by Filip De Spiegeleire	Director30/03/2023 → 26/05/2026Managing director26/08/2016 → 21/04/2017ended
Monika F. Walser	Director24/06/2025 → 26/05/2026
Sacha Gerber	Director24/06/2025 → 26/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andreas Heinz Lindner	Director30/03/2023 → 2024 accounts
Daniel Lutz	Director30/03/2023 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/07/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/04/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates07/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2020
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

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

ESPEJO

Sacha Gerber

Monika F. Walser

Andreas Heinz Lindner

Daniel Lutz

ESTORNUDO

Culinor Europe

Soeurs Serras

SIENA

Filip De Spiegeleire

Kathia Snick

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Culinor Food GroupSANDRIVER

Houtstraat 46, 9070 Destelbergen

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Houtstraat 46, 9070 DestelbergenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00185172

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Culinor Food GroupCurrent	accounts 2015 → 2025	Accounts 2025 · 2026-00185172
SANDRIVER	accounts 2006 → 2014	Accounts 2014 · 2015-19800445

Events

2025
Annual accounts 202511,4 M €↑
2024
Annual accounts 2024-3,9 M €↓
2023
Annual accounts 20236 M €↑
2022
Annual accounts 20225,9 M €↓
2021
Annual accounts 20216 M €↑
2015
Name changeCulinor Food Group
2006
Annual accounts 2006224,8 k €
25/08/1998
IncorporationPublic limited company

Culinor Food Group

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