ACTIVE

FrieslandCampina

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Financial year 2025 · Closed on 31/12/2025

Net result57,7 M €+680,8 %over 1 year

Revenue652,8 M €+7,0 %over 1 year

Equity133,4 M €+105,3 %over 1 year

Workforce150,2 ETP-12,6 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital: 52 486 603,76 €
Latest accounts: 31/12/2025
Average workforce: 150,2 ETP

Activities (NACE)

10510Operation of dairies and cheese making· main 10510Operation of dairies and cheese making 15510Manufacture of leather and related products 49410Freight transport by road 49410Freight transport by road 70100Activities of head offices+2

Joint committees (3)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	-26 M €	-354%	10,2 M €	-12.3%	11,7 M €	-18.7%	14,4 M €	+555%	-3,2 M €
Operating result	-31,7 M €	-1058%	3,3 M €	-52.8%	7 M €	-33.3%	10,5 M €	+261%	-6,5 M €
Net result	57,7 M €	+681%	-9,9 M €	-316%	4,6 M €	-26.6%	6,3 M €	+171%	-8,8 M €
Balance sheet
Equity	133,4 M €	+105%	65 M €	-16.7%	78 M €	+5.1%	74,2 M €	+4.9%	70,7 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 €
Cash	4,8 M €	+724%	577,7 k €	-64.0%	1,6 M €	-26.0%	2,2 M €	-53.8%	4,7 M €
Debts	104,2 M €	-54.8%	230,3 M €	-4.2%	240,3 M €	-2.6%	246,6 M €	+19.2%	206,8 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

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 113 ended

Active mandates

FrieslandCampina Belgium

Director · since 01 janvier 2026 · 0402.814.175

Active

FrieslandCampina Participations B.V.

Director · since 01 janvier 2026 · 0685.462.475

Active

Geert Declercq

Director · since 17 juin 2025 · until 31 décembre 2025

Active

Jan Verbist

Director · since 17 juin 2025 · until 31 décembre 2025

Active

Betty EECKHAUT

Chairman of the board of directors · since 18 juin 2024 · until 31 décembre 2025

Active

Bram MAES

Director · since 18 juin 2024 · until 31 décembre 2025

Active

Pieter DEZEURE

Director · since 18 juin 2024 · until 31 décembre 2025

Active

Mark MATTHYS - DE ZUTTER

Director · since 20 juin 2023 · until 31 décembre 2025

Active

Vanessa VAN EYNDE

Director · since 20 juin 2023 · until 31 décembre 2025

Active

DP MANAGEMENT

Director · since 21 juin 2022 · until 31 décembre 2025 · 0769.537.919

Represented by Dirk Poelman

Active

Heidi WILLEM

Director · since 15 juin 2021 · until 31 décembre 2025

Active

PDN

Director · since 15 juin 2021 · until 31 décembre 2025 · 0476.271.780

Represented by Carl Peeters

Active

Tom LEENAERTS

Director · since 15 juin 2021 · until 17 juin 2025

Active

Ended mandates

Betty EECKHAUT

Chairman of the board of directors · since 18 juin 2024 · until 20 juin 2028

Ended

Bram MAES

Director · since 18 juin 2024 · until 20 juin 2028

Ended

Pieter DEZEURE

Director · since 18 juin 2024 · until 20 juin 2028

Ended

Mark MATTHYS - DE ZUTTER

Director · since 20 juin 2023 · until 15 juin 2027

Ended

Other companies at this address

Fabriekstraat(KAL) 141 9120 Beveren-Kruibeke-Zwijndrecht

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
The Milcobel Group Pillar 2 Belgium● Active	1011.677.831

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	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	20/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	30/04/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	08/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	17/06/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	19/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	18/06/2024	19/06/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	04/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	20/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	23/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	21/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	06/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	15/06/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	16/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	16/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	02/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	18/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	03/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	19/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	26/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	20/06/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	27/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	21/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	07/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	16/06/2015	07/07/2015	Dutch	PDF

View all 40 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 113 ended

Active mandates

FrieslandCampina Belgium

Director · since 01 janvier 2026 · 0402.814.175

Active

FrieslandCampina Participations B.V.

Director · since 01 janvier 2026 · 0685.462.475

Active

Geert Declercq

Director · since 17 juin 2025 · until 31 décembre 2025

Active

Jan Verbist

Director · since 17 juin 2025 · until 31 décembre 2025

Active

Betty EECKHAUT

Chairman of the board of directors · since 18 juin 2024 · until 31 décembre 2025

Active

Bram MAES

Director · since 18 juin 2024 · until 31 décembre 2025

Active

Pieter DEZEURE

Director · since 18 juin 2024 · until 31 décembre 2025

Active

Mark MATTHYS - DE ZUTTER

Director · since 20 juin 2023 · until 31 décembre 2025

Active

Vanessa VAN EYNDE

Director · since 20 juin 2023 · until 31 décembre 2025

Active

DP MANAGEMENT

Director · since 21 juin 2022 · until 31 décembre 2025 · 0769.537.919

Represented by Dirk Poelman

Active

Heidi WILLEM

Director · since 15 juin 2021 · until 31 décembre 2025

Active

PDN

Director · since 15 juin 2021 · until 31 décembre 2025 · 0476.271.780

Represented by Carl Peeters

Active

Tom LEENAERTS

Director · since 15 juin 2021 · until 17 juin 2025

Active

Ended mandates

Betty EECKHAUT

Chairman of the board of directors · since 18 juin 2024 · until 20 juin 2028

Ended

Bram MAES

Director · since 18 juin 2024 · until 20 juin 2028

Ended

Pieter DEZEURE

Director · since 18 juin 2024 · until 20 juin 2028

Ended

Mark MATTHYS - DE ZUTTER

Director · since 20 juin 2023 · until 15 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other03/09/2026
DIVERSEN
PDF
Restructuring05/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/03/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other02/01/2026
DIVERSEN
PDF
Other05/11/2025
DIVERSEN
PDF
Other08/09/2025
DIVERSEN
PDF
Mandates13/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2025
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

01/01/2026
split
01/01/2026
augmentation_capital
2025
Annual accounts 202557,7 M €↑
01/07/2025
nominationEva Van Wonterghem — commissaris
17/06/2025
nominationGeert DECLERCQ — bestuurder
17/06/2025
nominationJan VERBIST — bestuurder
17/06/2025
nominationKarl PEETERS — bestuurder (via PDN)
2025
Name changeFRIESLANDCAMPINA
2024
Annual accounts 2024-9,9 M €↓
18/06/2024
nominationPieter DEZEURE — bestuurder
18/06/2024
nominationBram MAES — bestuurder
18/06/2024
reconductionBetty EECKHAUT — bestuurder
01/06/2024
nominationAGRUCO BV — dagelijkse bestuurder
01/06/2024
nominationABOVE BV — dagelijkse bestuurder
16/04/2024
nominationEdith Hamelryckx — bijzonder gevolmachtigde
08/03/2024
nominationTom Schiettecat — directeur belast met het dagelijks bestuur
2023
Annual accounts 20234,6 M €↓
20/06/2023
nominationFilip Lozie — commissaris
20/06/2023
reconductionVanessa VAN EYNDE — bestuurder
20/06/2023
reconductionMark MATTHYS - DE ZUTTER — bestuurder
08/06/2023
nominationORTEGAL BV — directeur belast met het dagelijks bestuur
2022
Annual accounts 20226,3 M €↑
21/06/2022
nominationDP MANAGEMENT BV — bestuurder
2021
Annual accounts 2021-8,8 M €↓
2020
Annual accounts 20203,7 M €↑
2019
Annual accounts 2019271,8 k €↑
2019
Name changeMILCOBEL
2018
Annual accounts 2018-176,5 k €↓
2017
Annual accounts 2017365,5 €↓
2016
Annual accounts 2016603,7 k €↑
2015
Annual accounts 201545,3 k €↑
2014
Annual accounts 2014-11,6 k €↓
2013
Annual accounts 20132,2 M €↑
2012
Annual accounts 2012326,4 k €↓
2011
Annual accounts 20112,5 M €↑
2010
Annual accounts 2010921,7 k €↓
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 2008-1,2 M €↓
2007
Annual accounts 20071 M €↑
2006
Annual accounts 2006-495,3 k €
17/11/2004
IncorporationCooperative society

FrieslandCampina

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