Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 162.6 to 121.5.
Financials
Financial year 2025
Culinor Food Group from Destelbergen, company number BE0464033944, closed financial year 2025 with a result of € 11.4 million after tax. For that financial year Culinor Food Group recorded revenue of € 34.6 million and equity of € 12.4 million. Compared with financial year 2024, the result moved from € -3.9 million to € 11.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 12.4 million
▲ 166% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.4 million
▲ still € 3.9 million loss in 2024
Profit after tax over the fiscal year.
€ 7,946
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.7 million paid out
32 % of the profit went to the shareholders, mostly to Culinor Europe (100 % of the shares). That is where the money ends up.
People and assets in 2025
121.5
▼ 33.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.8 million
▲ 29% vs 2024
€ 88,600 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.
€ 95,096
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.8 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 1.4 million
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 41,976,151 | € 44,868,893 | € 43,789,396 | € 34,597,158 | ▼ 21% |
| Profit after taxes | € 5,875,176 | € 6,019,667 | € -3,856,842 | € 11,384,757 | ▲ € 15.2 million |
| Equity | € 8,488,848 | € 8,508,515 | € 4,651,673 | € 12,386,430 | ▲ 166% |
| Total debts | € 22,127,706 | € 20,684,175 | € 9,956,950 | € 10,504,173 | ▲ 5% |
| Cash | € 1,749,229 | € 5,687 | € 6,391 | € 7,946 | ▲ 24% |
| Land & buildings | € 2,496,340 | € 2,392,388 | € 2,288,436 | € 2,184,485 | ▼ 5% |
| Retained profit | € 1,069,935 | € 1,089,602 | € -2,767,240 | € 4,967,517 | ▲ € 7.7 million |
| Dividend | € 5,800,000 | € 6,000,000 | € 0 | € 3,650,000 | |
| Bank debt | € 3,250,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 31,091,468 | € 29,667,604 | € 24,740,662 | € 25,016,184 | ▲ 1% |
| Employees (FTE) | 157.7 | 162.6 | 154.6 | 121.5 | ▼ 33.1 |
Key figures of Culinor Food Group, 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 Culinor Food Group?
What happened at Culinor Food Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sacha Gerber stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11.4 million. Source: NBB ↗
- Espejo BV stepped down as director. NBB
- Monika F. Walser stepped down as director. NBB
- Espejo BV became a director. NBB
- Monika F. Walser became a director. NBB
- Sacha Gerber became a director. NBB
- New establishment in Destelbergen. KBO
In short
From € 5.9 million profit in 2022 to € 11.4 million profit in 2025.
Paid € 744,933 in corporate taxes since 2022.
Best year ever: 2025, with € 11.4 million profit.
Paid out € 15.5 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Culinor Europe comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Culinor Food GroupThe shares are held by Culinor Europe (100%). It owns 100% of Culinor NV and 100% of Tasty Food Factory BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Filip De Spiegeleire
Also active at: LABORATORIA QUALIPHAR, Leopold Van de Casserie, CULINOR, PANISTAR, LOGIVEST, PRESTIGE BREAKFAST
since 2025 · until 2026
since 2025 · until 2026
since 2025 · until 2026
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Houtstraat 46
9070 Destelbergen
Lammerdries-Zuid 16 box I
2250 Olen
Active since 6 December 1989
Westerlosesteenweg 77
2230 Herselt
Active since 6 December 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →CULINOR same network
€ 76.9 million revenue · 2025
LOODS 13
€ 133,029 gross margin · 2025
Culinor Europe same network
€ 2.1 million revenue · 2025
Tasty Food Factory same network
€ 903,894 gross margin · 2025
GROEP CULINOR
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.033.944
- VAT number
- BE 0464.033.944
- Registered office
- Houtstraat 46, 9070 Destelbergen
- Names & denominations
- Culinor Food Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1998
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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