ACTIVE

CHEESE VENTURES

Financial year 2025 · closed on 31/12/2025
Net result
1,2 M €
+719.9% YoY
Gross margin
479 k €
+18.8% YoY
Equity
4,5 M €
+36.7% YoY

What does CHEESE VENTURES do?

CHEESE VENTURES is a Public limited company incorporated in 2015. Its main activity is: Activities of holding companies. Its registered office is in Pajottegem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0643.877.684
Incorporation
05/12/2015
Legal form
Public limited company
Registered office
Heystraat 11
1570 Pajottegem · FlandreSee on map
Contributed capital
3 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin479 k €403,3 k €1 M €303,1 k €71,8 k €112,8 k €328,6 k €221,2 k €320,4 k €-297,4 k €
EBITDA477,9 k €401,7 k €1 M €302,2 k €71 k €111,9 k €327,7 k €220,3 k €318,9 k €-298 k €
Operating result477,9 k €401,7 k €1 M €302,2 k €71 k €111,9 k €327,7 k €220,3 k €318,9 k €-298 k €
Net result1,2 M €148,9 k €639,1 k €4,1 M €1,4 M €-79,8 k €107,2 k €141,6 k €-7,3 M €1,2 M €
Balance sheet
Equity4,5 M €3,3 M €3,2 M €2,5 M €-1,6 M €-2,9 M €-2,9 M €-3 M €-3,1 M €4,2 M €
Total assets7,8 M €7,5 M €8,3 M €8,3 M €4,1 M €3 M €3,1 M €3,1 M €2,7 M €7,7 M €
Cash406,2 k €179,5 k €320,7 k €62,8 k €39,8 k €145,3 k €16,3 k €410,8 k €100,9 k €573 k €
Debts3,1 M €4 M €4,8 M €5,4 M €5,4 M €5,8 M €6 M €6,1 M €5,8 M €3,5 M €
Other
Workforce0,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Allgraph

Managing director · since 02 février 2024 · until 02 février 2030 · 0445.862.874

Represented by DEHANDSCHUTTER Koen

Active
Bart VAN KERCKHOVEN

Director · since 20 octobre 2023 · until 23 mai 2029

Active
Erwin DE KEYSER

Director · since 20 octobre 2023 · until 23 mai 2029

Active

Ended mandates

Koen DEHANDSCHUTTER

Director · since 20 octobre 2023 · until 23 mai 2029

Ended
FREYA HOLDING

Director · since 23 février 2016 · until 31 mai 2022 · 0821.621.672

Represented by Sonia Van Liefferinge

Ended
FREYA HOLDING

Director · since 23 février 2016 · until 20 septembre 2022 · 0821.621.672

Ended
ILEX MANAGEMENT

Managing director · since 23 février 2016 · until 31 mai 2022 · 0447.896.213

Represented by Erwin De Keyser

Ended
At this address

Other companies at this address

CompanyCBE no.
ILEX MANAGEMENTLiquidation
0447.896.213
Immo BBFActive
0674.377.751
NexT InvestActive
0444.892.181
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged 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 date22/07/202617/07/202530/08/202422/08/202322/09/202205/08/2021
General meeting19/05/202621/05/202522/05/202421/08/202320/09/202227/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/05/202622/07/2026DutchPDF
Micro model31/12/202421/05/202517/07/2025DutchPDF
Abridged model31/12/202322/05/202430/08/2024DutchPDF
Abridged model31/12/202221/08/202322/08/2023DutchPDF
Abridged model31/12/202120/09/202222/09/2022DutchPDF
Abridged model31/12/202027/07/202105/08/2021DutchPDF
Abridged model31/12/201929/06/202029/07/2020DutchPDF
Abridged model31/12/201824/06/201927/06/2019DutchPDF
Abridged model31/12/201705/04/201806/04/2018DutchPDF
Abridged model31/12/201615/03/201727/03/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 3 active · 10 ended

Active mandates

Allgraph

Managing director · since 02 février 2024 · until 02 février 2030 · 0445.862.874

Represented by DEHANDSCHUTTER Koen

Active
Bart VAN KERCKHOVEN

Director · since 20 octobre 2023 · until 23 mai 2029

Active
Erwin DE KEYSER

Director · since 20 octobre 2023 · until 23 mai 2029

Active

Ended mandates

Koen DEHANDSCHUTTER

Director · since 20 octobre 2023 · until 23 mai 2029

Ended
FREYA HOLDING

Director · since 23 février 2016 · until 31 mai 2022 · 0821.621.672

Represented by Sonia Van Liefferinge

Ended
FREYA HOLDING

Director · since 23 février 2016 · until 20 septembre 2022 · 0821.621.672

Ended
ILEX MANAGEMENT

Managing director · since 23 février 2016 · until 31 mai 2022 · 0447.896.213

Represented by Erwin De Keyser

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/06/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/03/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates07/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/12/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20251,2 M €
  2. 2024
    Annual accounts 2024148,9 k €
  3. 2023
    Annual accounts 2023639,1 k €
  4. 2022
    Annual accounts 20224,1 M €
  5. 2021
    Annual accounts 20211,4 M €
  6. 2020
    Annual accounts 2020-79,8 k €
  7. 2019
    Annual accounts 2019107,2 k €
  8. 2018
    Annual accounts 2018141,6 k €
  9. 2017
    Annual accounts 2017-7,3 M €
  10. 2016
    Annual accounts 20161,2 M €
  11. 05/12/2015
    IncorporationPublic limited company