ACTIVE

LAITERIE DES ARDENNES

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Financial year 2025 · closed on 31/12/2025

Net result

-2,5 M €

-406.0% YoY

Revenue

694,7 M €

+3.5% YoY

Equity

113,9 M €

-1.3% YoY

Workforce

19,5 ETP

+7.7% YoY

What does LAITERIE DES ARDENNES do?

LAITERIE DES ARDENNES is a Cooperative society incorporated in 2009. Its main activity is: Operation of dairies and cheese making. Its registered office is in Libramont-Chevigny. It employs on average 19,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.385.706

Incorporation

11/12/2009

Legal form

Cooperative society

Registered office

Recogne,Rue de Saint-Hubert 75
6800 Libramont-Chevigny · WallonieSee on map

Contributed capital

100 023 812,00 €

Latest accounts

31/12/2025

Average workforce

19,5 ETP

Activities (NACE)

10510Operation of dairies and cheese making· main 10510Operation of dairies and cheese making 46331Wholesale of dairy products, eggs and edible oils and fats 46331Wholesale of dairy products, eggs and edible oils and fats 10860Manufacture of homogenised food preparations and dietetic food 10860Manufacture of homogenised food preparations and dietetic food

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010
Income statement
Revenue	694,7 M €	+3.5%	671,5 M €	+12.4%	597,4 M €	-20.7%	753,4 M €	+65.1%	456,4 M €	+23.3%	370,1 M €	+0.9%	366,9 M €	+9.4%	335,4 M €	-0.6%	337,4 M €	+43.3%	235,4 M €	+5.1%	223,9 M €	-22.6%	289,2 M €	+7.3%	269,6 M €	+13.2%	238 M €	+15.3%	206,4 M €
EBITDA	-5,2 M €	-332%	-1,2 M €	+31.5%	-1,8 M €	-1010%	193,5 k €	+440%	-56,9 k €	-129%	193,7 k €	+308%	-93 k €	+48.3%	-180 k €	+56.3%	-412,3 k €	-115%	-191,3 k €	+76.5%	-815,4 k €	-907%	101,1 k €	-89.6%	975,4 k €	-50.6%	2 M €	+55.6%	1,3 M €
Operating result	-5,5 M €	-275%	-1,5 M €	+27.9%	-2 M €	-2443%	-80,3 k €	+75.7%	-330,9 k €	-238%	-97,9 k €	+74.4%	-382,9 k €	+19.0%	-472,8 k €	+33.4%	-709,9 k €	-38.4%	-513,1 k €	+51.6%	-1,1 M €	-909%	-105,1 k €	-113%	800,8 k €	-57.7%	1,9 M €	+56.9%	1,2 M €
Net result	-2,5 M €	-406%	825,1 k €	-5.1%	869,8 k €	+70.4%	510,3 k €	-14.3%	595,5 k €	+12.8%	527,9 k €	+24.2%	424,9 k €	+4653%	8,9 k €	+54.9%	5,8 k €	-97.1%	199,4 k €	+165%	75,2 k €	-88.5%	654,6 k €	-71.6%	2,3 M €	+23.0%	1,9 M €	+37.7%	1,4 M €
Balance sheet
Equity	113,9 M €	-1.3%	115,4 M €	+5.3%	109,6 M €	+5.8%	103,5 M €	+30.7%	79,2 M €	+17.6%	67,4 M €	+19.1%	56,6 M €	+16.0%	48,8 M €	+4.0%	46,9 M €	+16.8%	40,1 M €	+4.4%	38,5 M €	+3.2%	37,3 M €	+6.1%	35,1 M €	+3.7%	33,8 M €	+16.7%	29 M €
Total assets	198 M €	-5.4%	209,3 M €	+7.4%	194,8 M €	-5.3%	205,8 M €	+23.7%	166,4 M €	+24.9%	133,2 M €	+12.9%	117,9 M €	+11.4%	105,9 M €	+7.3%	98,6 M €	+14.4%	86,2 M €	+11.7%	77,2 M €	-3.6%	80,1 M €	-3.7%	83,2 M €	+34.8%	61,7 M €	+17.1%	52,7 M €
Cash	17,5 M €	+4.1%	16,8 M €	+724%	2 M €	-76.3%	8,6 M €	+868%	891,2 k €	-51.7%	1,8 M €	-37.5%	2,9 M €	+29.4%	2,3 M €	+44.4%	1,6 M €	-55.7%	3,6 M €	-29.8%	5,1 M €	+114%	2,4 M €	+19.2%	2 M €	-47.9%	3,8 M €	+204%	1,3 M €
Debts	83,9 M €	-10.4%	93,7 M €	+10.2%	85 M €	-16.9%	102,2 M €	+17.3%	87,2 M €	+32.5%	65,8 M €	+7.2%	61,3 M €	+7.4%	57,1 M €	+10.4%	51,8 M €	+12.3%	46,1 M €	+18.9%	38,8 M €	-9.6%	42,9 M €	-10.8%	48,1 M €	+75.8%	27,3 M €	+15.4%	23,7 M €
Other
Workforce	19,5 ETP	+7.7%	18,1 ETP	+1.1%	17,9 ETP	-4.3%	18,7 ETP	-7.0%	20,1 ETP	+1.0%	19,9 ETP	+1.5%	19,6 ETP	-3.4%	20,3 ETP	-9.8%	22,5 ETP	-14.1%	26,2 ETP	-9.7%	29,0 ETP	-13.2%	33,4 ETP	+8.1%	30,9 ETP	-0.3%	31,0 ETP	+14.4%	27,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 49 ended

Active mandates

PHILIPPE VANWYNSBERGHE

Director · since 07 juin 2024 · until 30 juin 2028

Active

DIETER D'HAENE

Director · since 05 juin 2024 · until 30 juin 2030

Active

HERMAN BEKE

Vice-chairman of the board of directors · since 05 juin 2024 · until 30 juin 2030

Active

LUC RASSENEUR

Director · since 05 juin 2024 · until 30 juin 2030

Active

PHILIPPE DACO

Director · since 05 juin 2024 · until 30 juin 2030

Active

MARC GODERIS

Director · since 01 janvier 2024 · until 30 juin 2030

Active

EMMANUEL PEETERS

Director · since 13 octobre 2022 · until 30 juin 2026

Active

HENDRIK VANDERVALK

Director · since 07 juin 2022 · until 30 juin 2028

Active

Jean-Marie PIERRET

Director · since 07 juin 2022 · until 30 juin 2028

Active

PIERRE LEBOUTTE

Director · since 07 juin 2022 · until 30 juin 2028

Active

BENOIT LANDRECY

Chairman of the board of directors · since 10 mars 2021 · until 30 juin 2027

Active

Ended mandates

EMMANUEL PEETERS

Director · since 13 octobre 2022 · until 30 juin 2028

Ended

Philippe VANWYNSBERGHE

Director · since 07 juin 2022 · until 30 juin 2028

Ended

Francis BERNARD

Director · since 10 mars 2021 · until 30 juin 2027

Ended

Herman BEKE

Vice-chairman of the board of directors · since 10 mars 2021 · until 30 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
AHL Distribution● Active	0845.437.548
LDA Transports● Active	0821.597.225
LOGISTIQUE RECOGNE● Active	0870.982.004
SOLAREC● Active	0442.442.140

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	14/07/2026	26/06/2025	20/06/2024	14/07/2023	29/06/2022	27/07/2021
General meeting	11/06/2026	05/06/2025	05/06/2024	06/06/2023	07/06/2022	28/06/2021
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

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	14/07/2026	French	PDF
Full model	31/12/2024	05/06/2025	26/06/2025	French	PDF
m120-f-p	31/12/2024	05/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	20/06/2024	French	PDF
m120-f-p	31/12/2023	05/06/2024	19/06/2024	French	PDF
Full model	31/12/2022	06/06/2023	14/07/2023	French	PDF
m120-f-p	31/12/2022	06/06/2023	24/07/2023	French	PDF
Full model	31/12/2021	07/06/2022	29/06/2022	French	PDF
m120-f-p	31/12/2021	07/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	28/06/2021	27/07/2021	French	PDF
m120-f-p	31/12/2020	28/06/2021	27/07/2021	French	PDF
Full model	31/12/2019	10/07/2020	28/07/2020	French	PDF
m120-f-p	31/12/2019	01/01/9999	28/07/2020	French	PDF
Full model	31/12/2018	28/05/2019	27/06/2019	French	PDF
m120-f-p	31/12/2018	28/05/2019	28/06/2019	French	PDF
Full model	31/12/2017	28/05/2018	22/06/2018	French	PDF
m120-f-p	31/12/2017	28/05/2018	22/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	27/06/2017	French	PDF
m120-f-p	31/12/2016	31/05/2017	27/06/2017	French	PDF
Full model	31/12/2015	16/06/2016	13/07/2016	French	PDF
m120-f-p	31/12/2015	16/06/2016	13/07/2016	French	PDF
Full model	31/12/2014	03/06/2015	14/07/2015	French	PDF
m120-f-p	31/12/2014	03/06/2015	14/07/2015	French	PDF
Full model	31/12/2013	11/06/2014	25/07/2014	French	PDF

View all 29 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 11 active · 49 ended

Active mandates

PHILIPPE VANWYNSBERGHE

Director · since 07 juin 2024 · until 30 juin 2028

Active

DIETER D'HAENE

Director · since 05 juin 2024 · until 30 juin 2030

Active

HERMAN BEKE

Vice-chairman of the board of directors · since 05 juin 2024 · until 30 juin 2030

Active

LUC RASSENEUR

Director · since 05 juin 2024 · until 30 juin 2030

Active

PHILIPPE DACO

Director · since 05 juin 2024 · until 30 juin 2030

Active

MARC GODERIS

Director · since 01 janvier 2024 · until 30 juin 2030

Active

EMMANUEL PEETERS

Director · since 13 octobre 2022 · until 30 juin 2026

Active

HENDRIK VANDERVALK

Director · since 07 juin 2022 · until 30 juin 2028

Active

Jean-Marie PIERRET

Director · since 07 juin 2022 · until 30 juin 2028

Active

PIERRE LEBOUTTE

Director · since 07 juin 2022 · until 30 juin 2028

Active

BENOIT LANDRECY

Chairman of the board of directors · since 10 mars 2021 · until 30 juin 2027

Active

Ended mandates

EMMANUEL PEETERS

Director · since 13 octobre 2022 · until 30 juin 2028

Ended

Philippe VANWYNSBERGHE

Director · since 07 juin 2022 · until 30 juin 2028

Ended

Francis BERNARD

Director · since 10 mars 2021 · until 30 juin 2027

Ended

Herman BEKE

Vice-chairman of the board of directors · since 10 mars 2021 · until 30 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2024
DEMISSIONS, NOMINATIONS
PDF
Other29/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET
PDF
Mandates14/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2020
DEMISSIONS, NOMINATIONS
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 2025-2,5 M €↓
29/08/2025
nominationBenoit Hoscheit — Directeur Général
2024
Annual accounts 2024825,1 k €↓
05/06/2024
reconductionHerman BEKE — administrateur
05/06/2024
reconductionPhilippe DACO — administrateur
05/06/2024
reconductionDieter D'HAENE — administrateur
05/06/2024
reconductionLuc RASSENEUR — administrateur
01/01/2024
nominationMarc GODERIS — administrateur
2023
Annual accounts 2023869,8 k €↑
2022
Annual accounts 2022510,3 k €↓
13/10/2022
nominationEmmanuel PEETERS — administrateur
07/06/2022
reconductionACF GROUP — commissaire-réviseur
07/06/2022
reconductionPierre LEBOUTTE — administrateur
07/06/2022
reconductionJean-Marie PIERRET — administrateur
07/06/2022
reconductionHendrik VAN DER VALK — administrateur
07/06/2022
reconductionPhilippe VANWYNSBERGHE — administrateur
2021
Annual accounts 2021595,5 k €↑
2020
Annual accounts 2020527,9 k €↑
2019
Annual accounts 2019424,9 k €↑
2018
Annual accounts 20188,9 k €↑
2017
Annual accounts 20175,8 k €↓
2016
Annual accounts 2016199,4 k €↑
2015
Annual accounts 201575,2 k €↓
2014
Annual accounts 2014654,6 k €↓
2013
Annual accounts 20132,3 M €↑
2011
Annual accounts 20111,9 M €↑
2010
Annual accounts 20101,4 M €
11/12/2009
IncorporationCooperative society

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

LAITERIE DES ARDENNES

Overview

What does LAITERIE DES ARDENNES do?

Trend over 15 financial years

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