FrieslandCampina
0870.019.427 · rovalta.com · 22/09/2026
ACTIVE
FrieslandCampina
Financial year 2025 · closed on 31/12/2025
Net result
57,7 M €
+680.8% YoY
Revenue
652,8 M €
+7.0% YoY
Equity
133,4 M €
+105.3% YoY
Workforce
150,2 ETP
-12.6% YoY
Overview
What does FrieslandCampina do?
FrieslandCampina is a Cooperative society incorporated in 2004. Its main activity is: Operation of dairies and cheese making. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 150,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0870.019.427
Incorporation
17/11/2004
Legal form
Cooperative society
Registered office
Fabriekstraat(KAL) 141
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital
52 486 603,76 €
Latest accounts
31/12/2025
Average workforce
150,2 ETP
Activities (NACE)
Joint committees (3)
- 118
- 218
- 220
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 652,8 M € | +7.0% | 610,3 M € | -0.2% | 611,6 M € | -20.6% | 769,8 M € | +41.8% | 542,7 M € | +2.0% | 532 M € | -7.7% | 576,5 M € | +6.0% | 544 M € | -4.5% | 569,7 M € | +34.6% | 423,2 M € | +12.7% | 375,4 M € | -16.5% | 449,4 M € | -5.4% | 475,2 M € | +29.3% | 367,5 M € | -9.6% | 406,8 M € | +7.4% | 378,6 M € | +29.7% | 292 M € | -15.9% | 347,1 M € | -7.4% | 374,7 M € | +27.3% | 294,3 M € |
| EBITDA | -26 M € | -354% | 10,2 M € | -12.3% | 11,7 M € | -18.7% | 14,4 M € | +555% | -3,2 M € | -142% | 7,5 M € | +176% | 2,7 M € | +24.7% | 2,2 M € | -39.9% | 3,6 M € | -17.6% | 4,4 M € | +22.7% | 3,6 M € | +31.4% | 2,7 M € | -53.7% | 5,9 M € | +76.0% | 3,3 M € | -9.8% | 3,7 M € | -3.4% | 3,8 M € | -19.3% | 4,8 M € | +86.1% | 2,6 M € | -37.4% | 4,1 M € | +95.7% | 2,1 M € |
| Operating result | -31,7 M € | -1058% | 3,3 M € | -52.8% | 7 M € | -33.3% | 10,5 M € | +261% | -6,5 M € | -246% | 4,5 M € | +83255% | -5,4 k € | -103% | 156,1 k € | -87.9% | 1,3 M € | -27.5% | 1,8 M € | +58.7% | 1,1 M € | +150% | 446 k € | -88.8% | 4 M € | +187% | 1,4 M € | -21.7% | 1,8 M € | +3.7% | 1,7 M € | -29.3% | 2,4 M € | +926% | 235 k € | -86.6% | 1,8 M € | +3348% | -54 k € |
| Net result | 57,7 M € | +681% | -9,9 M € | -316% | 4,6 M € | -26.6% | 6,3 M € | +171% | -8,8 M € | -340% | 3,7 M € | +1248% | 271,8 k € | +254% | -176,5 k € | -48401% | 365,5 € | -99.9% | 603,7 k € | +1233% | 45,3 k € | +492% | -11,6 k € | -101% | 2,2 M € | +570% | 326,4 k € | -86.9% | 2,5 M € | +171% | 921,7 k € | -43.5% | 1,6 M € | +233% | -1,2 M € | -220% | 1 M € | +307% | -495,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 133,4 M € | +105% | 65 M € | -16.7% | 78 M € | +5.1% | 74,2 M € | +4.9% | 70,7 M € | -14.0% | 82,3 M € | +9.1% | 75,4 M € | +1.8% | 74,1 M € | +0.1% | 74 M € | +1.0% | 73,3 M € | +5.0% | 69,8 M € | +2.1% | 68,4 M € | +5.7% | 64,7 M € | +2.3% | 63,2 M € | -1.0% | 63,8 M € | +4.2% | 61,2 M € | +1.6% | 60,3 M € | -3.8% | 62,6 M € | -3.3% | 64,8 M € | +1.6% | 63,8 M € |
| Total assets | 238,1 M € | -19.7% | 296,5 M € | -7.0% | 318,8 M € | -0.7% | 321 M € | +15.5% | 277,8 M € | -11.4% | 313,4 M € | +17.6% | 266,5 M € | +2.5% | 260,1 M € | +6.0% | 245,4 M € | +7.7% | 227,8 M € | +14.6% | 198,7 M € | -1.0% | 200,7 M € | -3.7% | 208,4 M € | +17.5% | 177,4 M € | +14.6% | 154,7 M € | +1.2% | 152,9 M € | +1.0% | 151,4 M € | +4.8% | 144,5 M € | -20.7% | 182,4 M € | +12.1% | 162,7 M € |
| Cash | 4,8 M € | +724% | 577,7 k € | -64.0% | 1,6 M € | -26.0% | 2,2 M € | -53.8% | 4,7 M € | +699% | 587,2 k € | +1602% | 34,5 k € | +1413% | 2,3 k € | -91.3% | 26,3 k € | – | 7,9 k € | -77.1% | 34,4 k € | +493% | 5,8 k € | +53.1% | 3,8 k € | -80.1% | 19 k € | -35.2% | 29,3 k € | -17.2% | 35,4 k € | +66.0% | 21,3 k € | -76.2% | 89,5 k € | +164% | 33,9 k € | ||
| Debts | 104,2 M € | -54.8% | 230,3 M € | -4.2% | 240,3 M € | -2.6% | 246,6 M € | +19.2% | 206,8 M € | -10.2% | 230,3 M € | +21.2% | 190 M € | +2.6% | 185,3 M € | +8.5% | 170,7 M € | +11.0% | 153,8 M € | +20.0% | 128,1 M € | -2.4% | 131,3 M € | -7.9% | 142,6 M € | +25.4% | 113,7 M € | +26.0% | 90,2 M € | -0.9% | 91,1 M € | +0.5% | 90,6 M € | +11.4% | 81,4 M € | -30.5% | 117 M € | +18.8% | 98,5 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 150,2 ETP | -12.6% | 171,8 ETP | -8.9% | 188,5 ETP | -7.1% | 202,8 ETP | -9.0% | 222,8 ETP | +1.2% | 220,2 ETP | +1.7% | 216,6 ETP | +11.2% | 194,8 ETP | +2.5% | 190,0 ETP | +0.8% | 188,4 ETP | -0.4% | 189,2 ETP | +1.2% | 187,0 ETP | -0.4% | 187,7 ETP | -4.0% | 195,5 ETP | -0.6% | 196,6 ETP | -4.1% | 205,1 ETP | -1.0% | 207,1 ETP | +5.7% | 195,9 ETP | -1.4% | 198,6 ETP | -2.3% | 203,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 M€ and 250 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 13 active · 113 ended
Active mandates
Active
Geert Declercq
ActiveJan Verbist
ActiveBetty EECKHAUT
ActiveBram MAES
ActivePieter DEZEURE
ActiveMark MATTHYS - DE ZUTTER
ActiveVanessa VAN EYNDE
ActiveActive
Heidi WILLEM
ActiveActive
Tom LEENAERTS
ActiveEnded mandates
Betty EECKHAUT
EndedBram MAES
EndedPieter DEZEURE
EndedMark MATTHYS - DE ZUTTER
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
FC Milcobel Belgium● Active | 1029.593.830 |
Kaasbrik Invest● Active | 0440.662.288 |
Milcobel Dairy● Active | 0870.017.447 |
Milcobel Groep● Active | 0778.674.527 |
| 1011.677.831 |
Financials
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 | 20/05/2026 | 08/07/2025 | 19/06/2024 | 04/07/2023 | 23/06/2022 | 06/07/2021 |
| General meeting | 30/04/2026 | 17/06/2025 | 18/06/2024 | 20/06/2023 | 21/06/2022 | 15/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
40 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/04/2026 | 20/05/2026 | Dutch | |
| Consolidated accounts | 31/12/2025 | 30/04/2026 | 01/06/2026 | Dutch | |
| Full model | 31/12/2024 | 17/06/2025 | 08/07/2025 | Dutch | |
| Consolidated accounts | 31/12/2024 | 17/06/2025 | 20/06/2025 | Dutch | |
| Full model | 31/12/2023 | 18/06/2024 | 19/06/2024 | Dutch | |
| Consolidated accounts | 31/12/2023 | 18/06/2024 | 19/06/2024 | Dutch | |
| Full model | 31/12/2022 | 20/06/2023 | 04/07/2023 | Dutch | |
| Consolidated accounts | 31/12/2022 | 20/06/2023 | 04/07/2023 | Dutch | |
| Full model | 31/12/2021 | 21/06/2022 | 23/06/2022 | Dutch | |
| Consolidated accounts | 31/12/2021 | 21/06/2022 | 23/06/2022 | Dutch | |
| Full model | 31/12/2020 | 15/06/2021 | 06/07/2021 | Dutch | |
| Consolidated accounts | 31/12/2020 | 15/06/2021 | 06/07/2021 | Dutch | |
| Full model | 31/12/2019 | 16/06/2020 | 16/07/2020 | Dutch | |
| Consolidated accounts | 31/12/2019 | 16/06/2020 | 16/07/2020 | Dutch | |
| Full model | 31/12/2018 | 18/06/2019 | 02/07/2019 | Dutch | |
| Consolidated accounts | 31/12/2018 | 18/06/2019 | 02/07/2019 | Dutch | |
| Full model | 31/12/2017 | 19/06/2018 | 03/07/2018 | Dutch | |
| Consolidated accounts | 31/12/2017 | 19/06/2018 | 03/07/2018 | Dutch | |
| Full model | 31/12/2016 | 20/06/2017 | 26/06/2017 | Dutch | |
| Consolidated accounts | 31/12/2016 | 20/06/2017 | 26/06/2017 | Dutch | |
| Full model | 31/12/2015 | 21/06/2016 | 27/06/2016 | Dutch | |
| Consolidated accounts | 31/12/2015 | 21/06/2016 | 27/06/2016 | Dutch | |
| Full model | 31/12/2014 | 16/06/2015 | 07/07/2015 | Dutch | |
| Consolidated accounts | 31/12/2014 | 16/06/2015 | 07/07/2015 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 13 active · 113 ended
Active mandates
Active
Geert Declercq
ActiveJan Verbist
ActiveBetty EECKHAUT
ActiveBram MAES
ActivePieter DEZEURE
ActiveMark MATTHYS - DE ZUTTER
ActiveVanessa VAN EYNDE
ActiveActive
Heidi WILLEM
ActiveActive
Tom LEENAERTS
ActiveEnded mandates
Betty EECKHAUT
EndedBram MAES
EndedPieter DEZEURE
EndedMark MATTHYS - DE ZUTTER
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other03/09/2026DIVERSEN
- Restructuring05/05/2026RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring06/03/2026RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other02/01/2026DIVERSEN
- Other05/11/2025DIVERSEN
- Other08/09/2025DIVERSEN
- Mandates13/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates27/01/2025ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 01/01/2026split
- 01/01/2026augmentation_capital
- 2025Annual accounts 202557,7 M €↑
- 01/07/2025nominationEva Van Wonterghem — commissaris
- 17/06/2025nominationGeert DECLERCQ — bestuurder
- 17/06/2025nominationJan VERBIST — bestuurder
- 17/06/2025nominationKarl PEETERS — bestuurder (via PDN)
- 2025Name changeFRIESLANDCAMPINA
- 2024Annual accounts 2024-9,9 M €↓
- 18/06/2024nominationPieter DEZEURE — bestuurder
- 18/06/2024nominationBram MAES — bestuurder
- 18/06/2024reconductionBetty EECKHAUT — bestuurder
- 01/06/2024nominationAGRUCO BV — dagelijkse bestuurder
- 01/06/2024nominationABOVE BV — dagelijkse bestuurder
- 16/04/2024nominationEdith Hamelryckx — bijzonder gevolmachtigde
- 08/03/2024nominationTom Schiettecat — directeur belast met het dagelijks bestuur
- 2023Annual accounts 20234,6 M €↓
- 20/06/2023nominationFilip Lozie — commissaris
- 20/06/2023reconductionVanessa VAN EYNDE — bestuurder
- 20/06/2023reconductionMark MATTHYS - DE ZUTTER — bestuurder
- 08/06/2023nominationORTEGAL BV — directeur belast met het dagelijks bestuur
- 2022Annual accounts 20226,3 M €↑
- 21/06/2022nominationDP MANAGEMENT BV — bestuurder
- 2021Annual accounts 2021-8,8 M €↓
- 2020Annual accounts 20203,7 M €↑
- 2019Annual accounts 2019271,8 k €↑
- 2019Name changeMILCOBEL
- 2018Annual accounts 2018-176,5 k €↓
- 2017Annual accounts 2017365,5 €↓
- 2016Annual accounts 2016603,7 k €↑
- 2015Annual accounts 201545,3 k €↑
- 2014Annual accounts 2014-11,6 k €↓
- 2013Annual accounts 20132,2 M €↑
- 2012Annual accounts 2012326,4 k €↓
- 2011Annual accounts 20112,5 M €↑
- 2010Annual accounts 2010921,7 k €↓
- 2009Annual accounts 20091,6 M €↑
- 2008Annual accounts 2008-1,2 M €↓
- 2007Annual accounts 20071 M €↑
- 2006Annual accounts 2006-495,3 k €
- 17/11/2004IncorporationCooperative society