Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
What’s Cooking Belgium from Gent, company number BE0884649304, closed financial year 2025 with a result of € 18.7 million after tax. For that financial year What’s Cooking Belgium recorded revenue of € 175.8 million and equity of € 103.7 million. Compared with financial year 2024, the result moved from € 10.5 million to € 18.7 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 9, 2026.
€ 103.7 million
▲ 77% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.7 million
▲ 78% vs 2024
Profit after tax over the fiscal year.
€ 10,613
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13 million paid out
70 % of the profit went to the shareholders, mostly to What's Cooking Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
38.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.1 million
▲ 3% vs 2024
€ 131,100 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.
Debts at end 2025
€ 42 million
Loans from banks and other lenders, long and short.
€ 32.4 million
▲ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 61 days on average.
€ 1.4 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 136,597,717 | € 156,200,637 | € 166,512,192 | € 175,847,181 | ▲ 6% |
| Profit after taxes | € -5,877,089 | € 36,334 | € 10,513,332 | € 18,697,203 | ▲ 78% |
| Equity | € 12,208,725 | € 58,245,057 | € 58,755,176 | € 103,727,379 | ▲ 77% |
| Total debts | € 78,801,587 | € 81,175,481 | € 75,598,084 | € 104,219,400 | ▲ 38% |
| Cash | € 6,240 | € 90,128 | € 26,740 | € 10,613 | ▼ 60% |
| Land & buildings | € 121,326 | € 105,200 | € 94,479 | € 5,836 | ▼ 94% |
| Retained profit | € 3,616,620 | € 3,652,953 | € 4,163,072 | € 9,860,275 | ▲ 137% |
| Dividend | € 0 | € 0 | € 10,003,213 | € 13,000,000 | ▲ 30% |
| Bank debt | € 8,000,000 | € 42,000,000 | € 42,000,000 | € 42,000,000 | |
| Balance sheet total | € 91,035,312 | € 139,534,438 | € 134,509,369 | € 208,140,576 | ▲ 55% |
| Employees (FTE) | 36.1 | 38 | 39.8 | 38.9 | ▼ 0.9 |
Key figures of What’s Cooking 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 What’s Cooking Belgium?
What happened at What’s Cooking Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Leading for Growth BV stepped down as director. NBB
- Sagau Consulting BV stepped down as director. NBB
- Esroh BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18.7 million (▲ 78% vs 2024). Source: NBB ↗
- Creating Digital Value BV stepped down as director. NBB
- Leading Edge HR BV stepped down as director. NBB
- Leading for Growth BV became a director. NBB
- Sagau Consulting BV became a director. NBB
In short
From € 5.9 million loss in 2022 to € 18.7 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 18.7 million profit.
Paid out € 23 million in dividends to the owners in total.
A new publication or filing at What’s Cooking Belgium? We notify you, reason included.
Follow What’s Cooking BelgiumDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 What’s Cooking Savoury Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
What’s Cooking BelgiumThe shares are held by What's Cooking Group (100%) and What’s Cooking Savoury Belgium (0%). It owns 100% of What's Cooking Deeside, 100% of What's Cooking Polska Sp.z.o.o., 100% of What's Cooking France SAS, 100% of What's Cooking Nederland BV, 100% of What's Cooking Deutschland GmbH and 100% of What's Cooking Rennes SAS itself.
Directors
According to the 2025 annual accounts
Director · represented by Peter Bal
Also active at: What’s Cooking Savoury Belgium
since 2022 · until 2026
Managing director · represented by Christophe Bolsius
Also active at: What’s Cooking Wommelgem, What’s Cooking Immo, What’s Cooking Marche-en-Famenne, What’s Cooking Wanze, What’s Cooking Savoury Belgium
since 2023 · until 2027
Director · represented by Else Verstraete
Also active at: What’s Cooking Savoury Belgium
since 2022 · until 2026
Director · represented by Yves Regniers
Also active at: What’s Cooking Wommelgem, What’s Cooking Waarschoot, What’s Cooking Immo, What’s Cooking Veurne, What’s Cooking Marche-en-Famenne, What’s Cooking Wanze, What’s Cooking Savoury Belgium, Davai
since 2023 · until 2027
Managing director · represented by Piet Sanders
Also active at: What’s Cooking Wommelgem, What’s Cooking Waarschoot, What’s Cooking Immo, What's Cooking Group, IMSTO, What’s Cooking Veurne, What’s Cooking Marche-en-Famenne, What’s Cooking Wanze +2 more
since 2025 · until 2029
Shareholders
Participations
What's Cooking Deeside
100%
What's Cooking Polska Sp.z.o.o.
100%
What's Cooking France SAS
100%
What's Cooking Nederland BV
100%
What's Cooking Deutschland GmbH
100%
What's Cooking Rennes SAS
100%
Whats Cooking Iberica SL
100%
Ter Beke France SA
100%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1091 box C
9051 Gent
Chaussée de Wavre(WAN) 259 box A
4520 Wanze
Active since 6 November 2006
Marche, Chemin Saint-Antoine -
6900 Marche-en-Famenne
Active since 6 November 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →Ceres Pharmaceuticals
€ 14.6 million revenue · 2025
What's Cooking Group same network
KOUTERLOS
€ 55,337 gross margin · 2024
b+pharma Belgium
€ 287,023 gross margin · 2025
DGPharma
€ 94,120 gross margin · 2024
+15 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
- 0884.649.304
- VAT number
- BE 0884.649.304
- Registered office
- Kortrijksesteenweg 1091 bus C, 9051 Gent
- Names & denominations
- What’s Cooking Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2006
- Peppol
- Active · Active since 25 Sept 2025
- Activities · NACE
Groothandel in andere voedingsmiddelen, neg
Vervaardiging van producten van vlees of van vlees van gevogelte
Vervaardiging van verse vleeswaren en van vleesconserven
Vervaardiging van andere voedingsmiddelen, neg
Vervaardiging van deegwaren
Verwerking en conservering van vlees van gevogelte
Vervaardiging van bereide maaltijden en schotels