Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FrieslandCampina Belgium from Aalter, company number BE0402814175, closed financial year 2025 with a result of € 19.1 million after tax. For that financial year FrieslandCampina Belgium recorded revenue of € 1.5 billion and equity of € 115.8 million. Compared with financial year 2024, the result moved from € 44.2 million to € 19.1 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ 115.8 million
▼ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.1 million
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 239
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 130.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1,129.3
▼ 23.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 108 million
▼ 9% vs 2024
€ 95,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 331,293
▲ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.7 million
Loans from banks and other lenders, long and short.
€ 210.8 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 29.3 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,210,440,210 | € 1,249,029,366 | € 1,397,992,233 | € 1,510,718,455 | ▲ 8% |
| Profit after taxes | € 17,065,687 | € 14,867,250 | € 44,174,554 | € 19,119,390 | ▼ 57% |
| Equity | € 167,730,422 | € 182,594,046 | € 226,767,831 | € 115,792,448 | ▼ 49% |
| Total debts | € 228,614,293 | € 227,695,893 | € 241,497,687 | € 248,812,041 | ▲ 3% |
| Cash | - | € 38,616 | € 42,497 | € 239 | ▼ 99% |
| Land & buildings | € 31,769,754 | € 45,090,057 | € 50,015,673 | € 52,358,759 | ▲ 5% |
| Retained profit | € 128,788,379 | € 143,655,629 | € 187,830,183 | € 76,854,800 | ▼ 59% |
| Dividend | € 0 | € 0 | € 0 | € 130,094,773 | |
| Bank debt | € 369,707 | € 0 | € 0 | € 6,738,029 | |
| Balance sheet total | € 398,999,480 | € 430,658,039 | € 475,336,267 | € 378,269,988 | ▼ 20% |
| Employees (FTE) | 1,185.8 | 1,202.8 | 1,152.4 | 1,129.3 | ▼ 23.1 |
Key figures of FrieslandCampina Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FrieslandCampina Belgium?
What happened at FrieslandCampina Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joris Verheijen stepped down as director. NBB
- Christophe Guilmin stepped down as director. NBB
- Ortegal BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.1 million (▼ 57% vs 2024). Source: NBB ↗
- David DE WIT stepped down as director. NBB
- Dustin Woodward stepped down as director. NBB
- Klaas Dewilde stepped down as director. NBB
- Joris Verheijen became a director. NBB
In short
From € 17.1 million profit in 2022 to € 19.1 million profit in 2025.
Paid € 41.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 44.2 million profit.
Paid out € 130.1 million in dividends to the owners in total.
Management
The shares are held by FRIESLANDCAMPINA INTERNATIONAL HOLDING BV (100%). It owns 100% of FRIESLANDCAMPINA FRANCE itself.
Directors
According to the 2025 annual accounts
Klaas Dewilde
Director
since 2024 · until 2026
Joris Verheijen
Director
since 2026 · until 2029
Christophe Guilmin
Director
since 2026 · until 2029
Director · represented by Hamelryckx Edith
Also active at: Kaasimport Jan Dupont, CAMAL, FrieslandCampina Belgium Cheese, JOKALI, Kaasbrik Invest, CHEESELINE, YSCO, KJD Consult +3 more
since 2026 · until 2029
since 2024 · until 2026
since 2024 · until 2026
Shareholders
FRIESLANDCAMPINA INTERNATIONAL HOLDING BV
100%
Participations
FRIESLANDCAMPINA FRANCE
100%
Establishments
Establishment units
Physical locations of this company
Venecolaan 17
9880 Aalter
Rijksweg(BOR) 66
2880 Bornem
Active since 20 February 2002
Grote Baan 34
3560 Lummen
Active since 19 December 1989
Gaston Crommenlaan 12 box C2
9050 Gent
Active since 1 April 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.814.175
- VAT number
- BE 0402.814.175
- Registered office
- Venecolaan 17, 9880 Aalter
- Names & denominations
- FrieslandCampina Belgium · FCB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 1930
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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