Skip to content

Milcobel Dairy

Active
Public limited companyfounded 200421 yrs activeFabriekstraat(KAL) 141, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0870.017.447
Summary

Milcobel Dairy has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15.32M and a net result of €-13.45M. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
37 / 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability24▲+23
Solvency32▼-4
Growth30=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days only on tighter terms
Liquidity short (current ratio 0.53 against 0.66 in 2023; short-term debt: 88.2% and cash: 0.7% of total assets), and 93.1% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year €-13.45M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 862 sector peers (2024).
NBB · sector comparison
Position among 862 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
27 d early
2021
38 d early
2020
25 d early
2019
15 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€734.27M▲ 0.8%
2023 · €728.66M
2018: €838.52M 2019: €801.99M 2020: €799.18M 2021: €688.07M 2022: €866.36M 2023: €728.66M
2018 → 2024
EBIT margin
-0.8%▲ 5.5pp
2023 · -6.3%
2018: 0.9% 2019: 0.7% 2020: -3.1% 2021: 3.0% 2022: 2.6% 2023: -6.3%
2018 → 2024
Net result
€-13.45M▲ 73.7%
2023 · €-51.08M
2018: €2.82M 2019: €375k 2020: €-31.23M 2021: €16.20M 2022: €16.84M 2023: €-51.08M
2018 → 2024
Working capital
€-92.43M▼ 24.9%
2023 · €-73.98M
2018: €-2.94M 2019: €-5.77M 2020: €-9.03M 2021: €-26.65M 2022: €-11.65M 2023: €-73.98M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€799.18M-€688.07M▼ 13.9%€866.36M▲ 25.9%€728.66M▼ 15.9%€734.27M▲ 0.8%
Equity€26.21M-€42.29M▲ 61.4%€73.87M▲ 74.7%€28.83M▼ 61.0%€15.32M▼ 46.9%
Operating result€-24.46M-€20.94M€22.75M▲ 8.7%€-46.24M€-5.86M▲ 87.3%
Net result€-31.23M-€16.20M€16.84M▲ 4.0%€-51.08M€-13.45M▲ 73.7%
Result per fiscal year
Operating resultNet result
€-60.00M€-40.00M€-20.00M€0€20.00MOperating result 2020: €-24.46M€-24.46MNet result 2020: €-31.23M€-31.23MOperating result 2021: €20.94M€20.94MNet result 2021: €16.20M€16.20MOperating result 2022: €22.75M€22.75MNet result 2022: €16.84M€16.84MOperating result 2023: €-46.24M€-46.24MNet result 2023: €-51.08M€-51.08MOperating result 2024: €-5.86M€-5.86MNet result 2024: €-13.45M€-13.45M20202021202220232024€-60M€-40M€-20M€0€20MOperating result 2022: €22.75M€23MNet result 2022: €16.84M€17MOperating result 2023: €-46.24M€-46MNet result 2023: €-51.08M€-51MOperating result 2024: €-5.86M€-5.9MNet result 2024: €-13.45M€-13M202220232024
The operating result stays negative: a loss of €5.86M in 2024 against €46.24M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220.95M
Fixed assets €118.58M ▼ 6.0%
Current assets €102.37M ▼ 28.0%
Equity and liabilities €220.95M
Equity €15.32M ▼ 46.9%
Provisions €4.26M ▼ 18.8%
Debt €201.36M ▼ 14.1%
Debt's share of the balance-sheet total rises from 87.3% to 91.1%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€11.60M
2023 · €-32.08M
Cash flow
€4.00M
2023 · €-36.92M
Current ratio
0.53
2023 · 0.66
Quick ratio
0.19
2023 · 0.36
Debt to equity
13.14
2023 · 8.13
ROE
-87.8%
2023 · -177.2%
ROA
-6.1%
2023 · -19.0%
Interest coverage
1.45
2023 · -5.59
Debt ≤ 1 year
€194.80M
2023 · €216.23M
Debt > 1 year
€6.25M
2023 · €17.92M
Income taxes
€18k
2023 · €288k
Staff costs
€50.37M
2023 · €49.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 92 lines
Balance sheet Code20232024
Assets
Total assets20/58€268.36M€220.95M
Fixed assets21/28€126.11M€118.58M
Intangible fixed assets21€9.52M€6.02M
Tangible fixed assets22/27€104.03M€100.00M
Land and buildings22€55.06M€53.72M
Plant, machinery and equipment23€33.90M€41.11M
Furniture and vehicles24€1.01M€704k
Assets under construction and advance payments27€14.06M€4.47M
Financial fixed assets28€12.56M€12.56M=
Affiliated companies280/1€12.55M€12.55M=
Participating interests280€12.55M€12.55M=
Other financial fixed assets284/8€11k€11k=
Amounts receivable and cash guarantees285/8€11k€11k=
Current assets29/58€142.25M€102.37M
Stocks and contracts in progress3€64.92M€64.66M
Stocks30/36€64.92M€64.66M
Raw materials and consumables30/31€9.47M€7.73M
Finished goods33€55.45M€56.93M
Amounts receivable within one year40/41€72.37M€36.18M
Trade receivables40€69.48M€35.78M
Other amounts receivable41€2.89M€404k
Cash at bank and in hand54/58€4.94M€1.46M
Deferred charges and accrued income490/1€24k€63k
Equity and liabilities
Total equity and liabilities10/49€268.36M€220.95M
Equity10/15€28.83M€15.32M
Contributions10/11€40.25M€40.25M=
Capital10€40.25M€40.25M=
Issued capital100€40.25M€40.25M=
Revaluation surpluses12€20.91M€20.91M=
Reserves13€11.37M€11.29M
Non-distributable reserves130/1€9.24M€9.24M=
Legal reserve130€4.02M€4.02M=
Other1319€5.22M€5.22M=
Tax-exempt reserves132€314k€231k
Distributable reserves133€1.81M€1.81M=
Profit (loss) carried forward14€-44.01M€-57.38M
Investment grants15€308k€250k
Provisions and deferred taxes16€5.25M€4.26M
Provisions for liabilities and charges160/5€5.17M€4.22M
Pensions and similar obligations160€58k€29k
Other liabilities and charges164/5€5.11M€4.19M
Deferred taxes168€85k€42k
Amounts payable17/49€234.28M€201.36M
Amounts payable after more than one year17€17.92M€6.25M
Financial debts170/4€17.92M€6.25M
Credit institutions173€17.92M€6.25M
Amounts payable within one year42/48€216.23M€194.80M
Current portion of amounts payable after more than one year42€8.33M€11.67M
Trade debts44€81.98M€79.74M
Suppliers440/4€81.98M€79.74M
Advances received on contracts in progress46€1.01M€838k
Taxes, remuneration and social security45€11.14M€12.57M
Taxes450/3€1.76M€1.34M
Remuneration and social security454/9€9.39M€11.23M
Other amounts payable47/48€113.76M€89.98M
Accrued charges and deferred income492/3€126k€308k
Income statement Code20232024
Operating income70/76A€721.03M€765.54M
Turnover70€728.66M€734.27M
Change in stocks of work in progress, finished goods and contracts in progress71€-27.68M€1.48M
Other operating income74€20.03M€19.01M
Non-recurring operating income76A€17k€10.78M
Operating charges60/66A€767.26M€771.40M
Goods for resale, raw materials and consumables60€616.88M€608.79M
Purchases600/8€618.68M€607.71M
Change in stocks: decrease (increase)609€-1.80M€1.09M
Services and other goods61€79.79M€85.96M
Remuneration, social security and pensions62€49.05M€50.37M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14.15M€17.45M
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€602k€650k
Provisions for liabilities and charges: additions (uses and reversals)635/8€279k€-946k
Other operating charges640/8€5.97M€6.22M
Non-recurring operating charges66A€537k€2.90M
Operating profit (loss)9901€-46.24M€-5.86M
Financial income75/76B€3.00M€522k
Recurring financial income75€3.00M€522k
Income from financial fixed assets750€831k€176k
Other financial income752/9€2.17M€345k
Financial charges65/66B€7.60M€8.14M
Recurring financial charges65€7.60M€8.14M
Debt charges650€5.74M€8.01M
Other financial charges652/9€1.86M€136k
Profit (loss) for the period before taxes9903€-50.83M€-13.48M
Transfer from deferred taxes780€42k€42k=
Income taxes67/77€288k€18k
Taxes670/3€288k€25k
Tax adjustments and reversals of tax provisions77-€7k
Profit (loss) for the period9904€-51.08M€-13.45M
Transfer from tax-exempt reserves789€82k€82k=
Profit (loss) for the period to be appropriated9905€-51.00M€-13.37M
Appropriation of the result
Profit (loss) to be appropriated9906€-44.01M€-57.38M
Profit (loss) brought forward from the previous period14P€6.99M€-44.01M
Social balance
Average headcount (FTE)9087637.0609.8

The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

2026
18-08
State Gazette act Resignation: ORTEGAL BV (director)
Permanent representative: Edith Hamelryckx · Appointments: Christophe Guilmin (director) and Joris Verheijen (director)5 facts ▸
  • General meeting, 13-05-2026
  • Director resignation, ORTEGAL BV (director)
  • Permanent representative, Edith Hamelryckx
  • Director appointment, Christophe Guilmin (director)
  • Director appointment, Joris Verheijen (director)
14-07
State Gazette act Permanent representative: Francis BOELENS
Capital · Capital increase · Capital decrease9 facts ▸
  • General meeting, 01/07/2026
  • Capital, €40.247.650
  • Capital increase, €100.000.000
  • Capital decrease, €100.000.000
  • Capital, €40.247.650
  • Permanent representative, Francis BOELENS
  • Power of attorney, Carmen de Vuyst
  • Power of attorney, Raad van bestuur
  • Share grouping, 1, 1665766
21-01
State Gazette act Resignations: Tom Schiettecat, AGRUCO BV and 2 others
Permanent representatives: Peter Grugeon, Olivier Schietse and Edith Hamelryckx · Appointments: Christophe Guilmin (director) and Joris Verheijen (director) · Mandate compensation12 facts ▸
  • General meeting, 19/12/2025
  • Director resignation, Tom Schiettecat (director)
  • Director resignation, AGRUCO BV (director)
  • Permanent representative, Peter Grugeon
  • Director resignation, ABOVE BV (director)
  • Permanent representative, Olivier Schietse
  • Director resignation, ORTEGAL BV (director)
  • Permanent representative, Edith Hamelryckx
  • Director appointment, Christophe Guilmin (director)
  • Mandate compensation, Christophe Guilmin
  • Director appointment, Joris Verheijen (director)
  • Mandate compensation, Joris Verheijen
2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
13-06
State Gazette act Resignation: The White Engine (director)
Appointments: AGRUCO BV, ABOVE BV and 2 others · Permanent representatives: Peter Grugeon, Olivier Schietse and Edith Hamelryckx9 facts ▸
  • General meeting, 01/06/2024
  • Director resignation, The White Engine (director)
  • Director appointment, AGRUCO BV (director)
  • Permanent representative, Peter Grugeon
  • Director appointment, ABOVE BV (director)
  • Permanent representative, Olivier Schietse
  • Director appointment, Ortegal BV (director)
  • Permanent representative, Edith Hamelryckx
  • Director appointment, Tom Schiettecat (director)
21-05
State Gazette act Resignations & appointments
Power of attorney · Mandate term3 facts ▸
  • Board meeting, 16/04/2024
  • Power of attorney, Edith Hamelryckx
  • Mandate term, duurtijd van de hierboven genoemde voorgenomen ontslagen
07-05
State Gazette act Resignations: Milcobel CV, VAN DAM MANAGEMENT BV and The White Engine BV
Appointments: Ortegal BV, The White Engine BV and Tom Schiettecat · Permanent representatives: Edith Hamelryckx and Pierre Stevens10 facts ▸
  • General meeting, 05/03/2024
  • Director resignation, Milcobel CV (director)
  • Director appointment, Ortegal BV (director)
  • Permanent representative, Edith Hamelryckx
  • Director appointment, The White Engine BV (director)
  • Permanent representative, Pierre Stevens
  • Director appointment, Tom Schiettecat (director)
  • Board meeting, 07/03/2024
  • Director resignation, VAN DAM MANAGEMENT BV (day-to-day manager)
  • Director resignation, The White Engine BV (day-to-day manager)
2023
31-12
Financial Weakest financial yearnet €-51.08M ▼403%
Net result drops to €-51.08M, the lowest in the series; recovery starts the following year.
28-12
State Gazette act Resignation: AdItVelU BV (day-to-day manager)
Appointments: Mattucie BV, The White Engine BV and VAN DAM MANAGEMENT BV · Permanent representatives: Francies Relaes, Pierre Stevens and Nils van Dam8 facts ▸
  • Board meeting, 22/11/2023
  • Director resignation, AdItVelU BV (day-to-day manager)
  • Director appointment, Mattucie BV (day-to-day manager)
  • Permanent representative, Francies Relaes
  • Director appointment, The White Engine BV (day-to-day manager)
  • Permanent representative, Pierre Stevens
  • Director appointment, VAN DAM MANAGEMENT BV (day-to-day manager)
  • Permanent representative, Nils van Dam
03-08
State Gazette act Appointment: PwC Bedrijfsrevisoren (statutory auditor)
Permanent representative: Eva Van Wonterghem3 facts ▸
  • General meeting, 13/06/2023
  • Auditor appointment, PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Eva Van Wonterghem (representative)
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
Financial Highest result since 2018net €16.84M ▲4%
Operating result €22.75M, net result €16.84M, both a record.
31-12
Financial Equity above €50MEq €73.87M ▲74.7%
2 profitable years in a row build equity to €73.87M.
15-07
State Gazette act Capital & shares
Share concentration1 fact ▸
  • Share concentration, 22/05/2022
23-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
11-05
State Gazette act Resignations: Van Dam Management BV, Ferkas BV and Mattucie BV
Appointments: Milcobel CV, Van Dam Management BV and 2 others · Permanent representatives: VAN DAM Nils, CELEN Ann and 2 others · Name change21 facts ▸
  • General meeting, 12-03-2021
  • Name change, Milcobel Dairy
  • Purpose change, De vennootschap heeft als voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door het nemen van participaties,…
  • Legal-form conversion, Naamloze vennootschap
  • Net-asset statement, 31-12-2020
  • Capital, €100.000
  • Director resignation, Van Dam Management BV (director)
  • Director resignation, Ferkas BV (director)
  • Director resignation, Mattucie BV (director)
  • Director appointment, Milcobel CV (enige niet statutair bestuurder)
  • Permanent representative, VAN DAM Nils
  • Permanent representative, CELEN Ann
  • +9 further facts in this act
03-05
State Gazette act Appointments: Van Dam Management BV, The White Engine BV and 2 others
Permanent representatives: VAN DAM Nils, STEVENS Pierre and 2 others · Accounting effect · Legal-form conversion16 facts ▸
  • General meeting, 29-04-2022
  • Accounting effect, 01-05-2022
  • Legal-form conversion, naamloze vennootschap
  • Name change, Milcobel Dairy
  • Capital, €40.247.650
  • Reserve release, Reserves (vast gedeelte maatschappelijk kapitaal en wettelijke reserve) beschikbaar gesteld voor vennootschapsrechtelijke doeleinden; bedrag EUR 4.024.765 geboe…
  • Power of attorney, de Vuyst & Berlengé, geassocieerde notarissen
  • Director appointment, Van Dam Management BV (dagselijks bestuurder)
  • Permanent representative, VAN DAM Nils
  • Director appointment, The White Engine BV (dagselijks bestuurder)
  • Permanent representative, STEVENS Pierre
  • Director appointment, Mattucie BV (dagselijks bestuurder)
  • +4 further facts in this act
03-05
State Gazette act Appointments: Van Dam Management BV, The White Engine BV and Mattucie BV
Permanent representatives: Van Dam Nils, Stevens Pierre and Relaes Francis · Power of attorney11 facts ▸
  • General meeting, 30-06-2021
  • Corporate decision, Uitstel van inwerkingtreding van besluiten van 6 maart 2021 naar 1 augustus 2022
  • Power of attorney, De Vuyst & Berlengé, geassocieerde notarissen
  • Power of attorney, Kristof Berlengé
  • Corporate decision, Bekrachtiging toetreding tot clubdeal
  • Director appointment, Van Dam Management BV (dagselijks bestuurder)
  • Permanent representative, Van Dam Nils
  • Director appointment, The White Engine BV (dagselijks bestuurder)
  • Permanent representative, Stevens Pierre
  • Director appointment, Mattucie BV (dagselijks bestuurder)
  • Permanent representative, Relaes Francis
17-02
State Gazette act Appointment: AditVelU BV (dagselijks bestuurder)
Permanent representative: Thijs Keersebilck · Power of attorney6 facts ▸
  • Board meeting, 17/01/2022
  • Director appointment, AditVelU BV (dagselijks bestuurder)
  • Permanent representative, Thijs Keersebilck
  • Power of attorney, Christophe Guilmin
  • Power of attorney, Tine Bassens
  • Power of attorney, Deloitte Legal - Lawyers
2021
31-12
Financial Back to profitnet €16.20M
Net result €16.20M after one loss-making year.
30-11
State Gazette act Resignations & appointments
Power of attorney9 facts ▸
  • Board meeting, 10/11/2021
  • Power of attorney, FERKAS BV
  • Power of attorney, Kris Lambrecht
  • Power of attorney, Eddy Leloup
  • Power of attorney, Thijs Keersebilck
  • Power of attorney, Koen Bruyneel
  • Power of attorney, Dirk Van Gaver
  • Power of attorney, Kristel Vertenten
  • Power of attorney, BENU BV
27-07
State Gazette act Resignation: Ferkas BV (director)
Permanent representatives: Ann Celen and Pierre Stevens · Appointment: The White Engine BV (director)5 facts ▸
  • General meeting, 29/06/2021
  • Director resignation, Ferkas BV (director)
  • Permanent representative, Ann Celen
  • Director appointment, The White Engine BV (director)
  • Permanent representative, Pierre Stevens
06-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
10-03
State Gazette act Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)
Auditor representative3 facts ▸
  • General meeting, 26/05/2020
  • Auditor appointment, PwC Bedrijfsrevisoren BV
  • Auditor representative, Peter Opsomer
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
08-07
State Gazette act Resignations: HOF TEN STOPPELEN BV (director) and JURDIAN MANAGEMENT CONSULT BV (director)
Appointments: FERKAS BV (director) and VAN DAM MANAGEMENT BV (director) · Permanent representatives: Liebwin van Lil, Erik De Cock and 3 others10 facts ▸
  • General meeting, 18/06/2020
  • Director resignation, HOF TEN STOPPELEN BV (director)
  • Director resignation, JURDIAN MANAGEMENT CONSULT BV (director)
  • Director appointment, FERKAS BV (director)
  • Director appointment, VAN DAM MANAGEMENT BV (director)
  • Permanent representative, Liebwin van Lil
  • Permanent representative, Erik De Cock
  • Permanent representative, Ann Celen
  • Permanent representative, Nils van Dam
  • Permanent representative, Francis Relaes
05-03
State Gazette act Resignation: JAPON A LA CARTE BV (director)
Appointment: JURDIAN MANAGEMENT CONSULT BV (director) · Permanent representatives: Erik De Cock, Francis Relaes and Liebwin Van Lil · Statutes amendment7 facts ▸
  • General meeting, 11/02/2020
  • Director resignation, JAPON A LA CARTE BV (director)
  • Director appointment, JURDIAN MANAGEMENT CONSULT BV (director)
  • Permanent representative, Erik De Cock
  • Permanent representative, Francis Relaes
  • Permanent representative, Liebwin Van Lil
  • Statutes amendment
2019
20-09
State Gazette act Resignation: Geert Neirynck (director)
Appointment: Hof Ten Stoppelen BVBA (director) · Permanent representatives: Liebwin van Lil, Peter Koopmans and Francis Relaes6 facts ▸
  • General meeting, 30/08/2019
  • Director resignation, Geert Neirynck (director)
  • Director appointment, Hof Ten Stoppelen BVBA (director)
  • Permanent representative, Liebwin van Lil
  • Permanent representative, Peter Koopmans
  • Permanent representative, Francis Relaes
02-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
15-05
State Gazette act Permanent representatives: Bert Van Nieuwenborgh and Ann Celen
Power of attorney11 facts ▸
  • Board meeting, 14/12/2018
  • Power of attorney, Kris Lambrecht
  • Power of attorney, BENU BVBA
  • Power of attorney, Kristel Vertenten
  • Power of attorney, Dirk Van Gaver
  • Power of attorney, Koen Bruyneel
  • Power of attorney, Thijs Keersebilck
  • Power of attorney, Eddy Leloup
  • Power of attorney, FERKAS BVBA
  • Permanent representative, Bert Van Nieuwenborgh
  • Permanent representative, Ann Celen
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
15-05
State Gazette act Resignation: EST EST EST BVBA (director)
Permanent representatives: Eddy de Mûelenaere, Francis Relaes and Peter Koopmans · Appointment: MATTUCIE BVBA (director)6 facts ▸
  • General meeting, 17/04/2018
  • Director resignation, EST EST EST BVBA (director)
  • Permanent representative, Eddy de Mûelenaere
  • Director appointment, MATTUCIE BVBA (director)
  • Permanent representative, Francis Relaes
  • Permanent representative, Peter Koopmans
03-01
State Gazette act Resignations: PH Business & Consulting Services BVBA (director) and Luc Van Hoe (director)
Permanent representative: Patrick Huyskens6 facts ▸
  • General meeting, 12/12/2017
  • Board meeting, 12/12/2017
  • Director resignation, PH Business & Consulting Services BVBA (director)
  • Director resignation, Luc Van Hoe (director)
  • Director resignation, Luc Van Hoe (managing director)
  • Permanent representative, Patrick Huyskens
2017
25-07
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Griet Helsen3 facts ▸
  • General meeting, 30/05/2017
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Griet Helsen
26-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
22-06
State Gazette act Reappointment: Geert Neirynck (director)
Permanent representatives: Eddy de Mûelenaere, Patrick Huyskens and Peter Koopmans5 facts ▸
  • General meeting, 30/05/2015
  • Director reappointment, Geert Neirynck (director)
  • Permanent representative, Eddy de Mûelenaere
  • Permanent representative, Patrick Huyskens
  • Permanent representative, Peter Koopmans
15-06
State Gazette act Appointments: PH Business & Consulting Services BVBA (director) and Japon à la Carte SPRL (director)
Permanent representatives: Patrick Huyskens, Peter Koopmans and Eddy de Mûelenaere6 facts ▸
  • General meeting, 12/05/2015
  • Director appointment, PH Business & Consulting Services BVBA (director)
  • Permanent representative, Patrick Huyskens
  • Director appointment, Japon à la Carte SPRL (director)
  • Permanent representative, Peter Koopmans
  • Permanent representative, Eddy de Mûelenaere
22-01
State Gazette act Capital & shares · Resignations & appointments · Restructuring
Merger · Accounting effect · Share issue15 facts ▸
  • General meeting, 31/12/2014
  • Merger, 01/01/2015
  • Accounting effect, 01/01/2015 00:01
  • Share issue, nieuwe, volledig volgestorte aandelen op naam zonder nominale waarde
  • Capital increase, €3.843.300
  • Merger, 01/01/2015
  • Accounting effect, 01/01/2015 00:01
  • Share issue, nieuwe, volledig volgestorte aandelen op naam zonder nominale waarde
  • Capital increase, €8.404.350
  • Power of attorney, raad van bestuur
  • Power of attorney, Dirk CAESTECKER
  • Power of attorney, Geert Neirynck
  • +3 further facts in this act
2014
28-10
State Gazette act Restructuring
Merger · Capital · Share issue11 facts ▸
  • Merger
  • Capital, €8.404.350
  • Capital, €28.000.000
  • Share issue, nieuwe aandelen BELGOMILK CVBA ... zonder nominale waarde
  • Accounting effect, 01/01/2015
  • Exchange ratio, 1:1
  • Share exchange, 336.174 nieuwe aandelen BELGOMILK CVBA geruild tegen 336.174 aandelen KEMPICO CVBA zonder opleg van geld
  • Auditor remuneration, 500.00, EUR
  • Auditor remuneration, 1.000.00, EUR
  • Fiscal treatment, fiscale retroactiviteit toegepast
  • Notary, Eric De Bie
28-10
State Gazette act Restructuring
Merger1 fact ▸
  • Merger
28-07
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Griet Helsen3 facts ▸
  • General meeting, 27/05/2014
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Griet Helsen
14-02
State Gazette act Resignations: Jozef Mottar, PH: Business & Consulting Services BVBA and 2 others
Appointment: Luc Van Hoe (director) · Permanent representatives: Patrick Huyskens, Bert Van Nieuwenborgh and 2 others · Mandate compensation14 facts ▸
  • General meeting, 14/01/2014
  • Board meeting, 14/01/2014
  • Director resignation, Jozef Mottar (director)
  • Director resignation, PH: Business & Consulting Services BVBA (director)
  • Director resignation, BENU BVBA (director)
  • Director resignation, Grappa_management BVBA (director)
  • Director appointment, Luc Van Hoe (director)
  • Mandate compensation, Luc Van Hoe
  • Permanent representative, Patrick Huyskens
  • Permanent representative, Bert Van Nieuwenborgh
  • Permanent representative, Luc Van Hoe
  • Permanent representative, Eddy de Mûelenaere
  • +2 further facts in this act
2013
25-09
State Gazette act Resignation: Great Company BVBA (director)
Permanent representatives: Luc Van Gelder, Eddy de Mûelenaere and 3 others9 facts ▸
  • General meeting, 21/08/2013
  • Board meeting, 21/08/2013
  • Director resignation, Great Company BVBA (director)
  • Permanent representative, Luc Van Gelder
  • Permanent representative, Eddy de Mûelenaere
  • Permanent representative, Patrick Huyskens
  • Permanent representative, Luc Van Hое
  • Permanent representative, Bert Van Nieuwenborgh
  • Director resignation, Great Company BVBA (managing director)
19-06
State Gazette act Resignation: Patric Buggenhout (director)
Appointment: EST EST EST BVBA (director) · Permanent representative: Eddy de Mûelenaere · Mandate compensation9 facts ▸
  • General meeting, 28/05/2013
  • Board meeting, 28/05/2013
  • Director resignation, Patric Buggenhout (director)
  • Director appointment, EST EST EST BVBA (director)
  • Permanent representative, Eddy de Mûelenaere
  • Mandate compensation, EST EST EST BVBA
  • Director resignation, Patric Buggenhout (chair of the board)
  • Director appointment, EST EST EST BVBA (chair of the board)
  • Power of attorney, Geert Neirynck
16-05
State Gazette act Miscellaneous
2011
07-10
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Filip Lozie3 facts ▸
  • General meeting, 31/05/2011
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Filip Lozie
2010
13-08
State Gazette act Appointment: Great Company (director)
Permanent representative: Luc Van Gelder5 facts ▸
  • General meeting, 16/07/2010
  • Director appointment, Great Company (director)
  • Permanent representative, Luc Van Gelder
  • Board meeting, 16/07/2010
  • Director appointment, Great Company (managing director)
2008
15-12
State Gazette act Miscellaneous
15-07
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren Bcvba (statutory auditor)
Permanent representative: Filip Lozie3 facts ▸
  • General meeting, 27/05/2008
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren Bcvba (statutory auditor)
  • Permanent representative, Filip Lozie
2005
06-06
State Gazette act Capital & shares · Resignations & appointments · Restructuring
Statutes amendment · Merger · Accounting effect10 facts ▸
  • General meeting, 16/05/2005
  • Statutes amendment
  • Merger, Bedrijfstak 'zuivel'
  • Accounting effect, 01/01/2005
  • Capital increase, €27.981.250
  • Share issue, nieuwe aandelen, 1175110
  • Power of attorney, Leo DE VALCK
  • Power of attorney, Dirk CAESTECKER
  • Power of attorney, Leo DE VALCK
  • Power of attorney, Eric De Bie
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
14 directors, no change since 2027
Christophe Guilmin
Director · since 01-01-2026
Current
VERHEIJEN Joris
Director · since 01-01-2026
Current
ABOVE
Director · since 01-06-2024 · Private limited company · perm. rep.: Olivier Schietse
Current
AGRUCO
Director · since 01-06-2024 · Private limited company · perm. rep.: Peter Grugeon
Current
MATTUCIE BV
Day-to-day manager · since 22-11-2023 · Legal entity · perm. rep.: Francies Relaes
Current
AdltVeIU BV
Dagselijks bestuurder · since 01-05-2022 · Legal entity · perm. rep.: Thijs Keersebilck
Current
8 other directors
Mattucie
Dagselijks bestuurder · since 01-07-2021 · Private limited company · perm. rep.: RELAES Francis
Current
MILCOBEL cv
Enige niet statutair bestuurder · since 01-07-2021 · Legal entity · perm. rep.: VAN DAM Nils
Current
VAN DAM MANAGEMENT
Dagselijks bestuurder · since 01-07-2021 · Private limited company · perm. rep.: VAN DAM Nils
Current
The White Engine
Dagselijks bestuurder · since 15-06-2021 · Private limited company · perm. rep.: STEVENS Pierre
Current
JAPON A LA CARTE
Director · since 12-05-2015 · Private limited company · perm. rep.: Peter Koopmans
Not recently confirmed
PH Business & Consulting Services
Director · since 12-05-2015 · Private limited company · perm. rep.: Patrick Huyskens
Not recently confirmed
EST EST EST
Director · since 28-05-2013 · Private limited company · perm. rep.: Eddy de Mûelenaere
Not recently confirmed
Great Company
Director · since 16-07-2010 · Legal entity · perm. rep.: Luc Van Gelder
Not recently confirmed
01-01-2027 ORTEGAL BV: Resigned as Director
13-05-2026 Christophe Guilmin: Appointed as Director
13-05-2026 VERHEIJEN Joris: Appointed as Director
13-05-2026 ORTEGAL BV: Resigned as Director
01-05-2026 ABOVE BV: Resigned as Director
Full history in the Timeline (70 changes) →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 3 establishment units since 1991
establishment All 3 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Fabriekstraat(KAL) 1419120 Beveren-Kruibeke-Zwijndrecht
Ground area
18.3 ha
Building footprint
7.0 ha
Volume, LiDAR
647,882 m³
3 parcels, Flanders · tallest building 40.3 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Milcobel Dairy
Melkerijstraat 10, 8920 Langemark-PoelkapelleNACE 1551007
since 19912.052.659.362
Milcobel Dairy
Stationstraat 149, 8890 MoorsledeNACE 1551007
since 19912.052.659.461
Milcobel Dairy
Fabriekstraat(KAL) 141, 9120 Beveren-Kruibeke-ZwijndrechtNACE 1551001
since 20042.145.482.424
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46010E0455/00F002 Flanders 7.6 ha 1 · 868 m² 9.5 m · 3 fl.
33014H0650/00Z002 Flanders 6.2 ha 1 · 5.6 ha 40.3 m · 3 fl.
36012E0772/00G003 Flanders 4.5 ha 1 · 1.4 ha 24.4 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
Pwc BedrijfsrevisorenCurrent
Statutory auditor · represented by Eva Van Wonterghem
03-08-2023 → present
Show 3 earlier auditors
BV PwC Bedrijfsrevisoren
Auditor
succeeded by Pwc Bedrijfsrevisoren in 2023
10-03-2021 → 03-08-2023
PricewaterhouseCoopers Bedrijfsrevisoren BCVBA
Statutory auditor · represented by Filip Lozie
succeeded by PricewaterhouseCoopers, Bedrijfsrevisoren in 2011
15-07-2008 → 07-10-2011
PricewaterhouseCoopers, Bedrijfsrevisoren
Statutory auditor · represented by Griet Helsen
succeeded by BV PwC Bedrijfsrevisoren in 2021
07-10-2011 → 10-03-2021

Articles of association

Purpose
De vennootschap heeft als voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door het nemen van participaties, alle handels- en…
Full purpose

De vennootschap heeft als voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door het nemen van participaties, alle handels- en nijverheidsverrichtingen van melk en zuivelproducten in het algemeen en in het bijzonder productie en verkoop van boter, room, weiproducten, industriële kaas en merkkazen, melkpoeders, voedingswaren en dranken. Tevens kan de vennootschap handel drijven, zowel klein- als groothandel, in zuivelproducten. Daarenboven mag de vennootschap zich op elke wijze inlaten met het transport van personen en goederen en de onderhouds- en herstellingswerkzaamheden uitvoeren aan het betreffende wagen- en vrachtwagenpark. Het voorwerp wordt ruim opgevat en omvat eveneens alle handelingen en verrichtingen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken. Aldus is onder meer in dit voorwerp begrepen: -de aan- en verkoop, rechtstreeks of als tussenpersoon in binnen- en buitenland, van roerende en onroerende goederen; -het bezitten en beheren van roerende en onroerende goederen; -het verwerven, onderschrijven, kopen en verkopen van deelbewijzen en obligaties van om het even welke onderneming, vennootschap of vereniging. De vennootschap kan in deze vennootschappen of rechtspersonen het mandaat van bestuurder, van dagelijks bestuurder en/of van vereffenaar uitoefenen; -het houden, kopen, verkopen, verhuren en ter beschikking stellen van alle handelsmerken, octrooien, patenten en auteursrechten, en het verrichten van alle activiteiten die daarmede verband houden; -het kopen, verkopen, huren, verhuren en uitbaten hetzij voor eigen rekening, hetzij voor rekening van derden, of samen met hen, van installaties, machines en vervoermaterieel; -het uitgeven van obligatieleningen, al dan niet gewaarborgd door zakelijke zekerheden; -het verstrekken van leningen en het aangaan of verstrekken van alle vormen van krediet; -het deelnemen in, samenwerken met of fuseren met alle ondernemingen die de verwezenlijking van het voorwerp kunnen bevorderen, en daartoe alle noodzakelijke handelingen stellen; -het nemen van belangen door associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen, die van aard kunnen zijn de ontwikkeling van haar onderneming te bevorderen; en -het zich borg stellen of het verstrekken van persoonlijke of zakelijke zekerheden, in de meest ruime zin, ten voordele van enige derde.

Structure & network

Connections & network

10 connected companies

Ownership & control

1 parent company
Control over this companyparent company per the LEI register1
Beveren-Kruibeke-Zwijndrecht · LEI lapsed
controls
Milcobel DairyBE 0870.017.447

Acquisitions and mergers

2 transactions
BE 0428.890.547State Gazette act of 22-01-2015 (2 acts) · effective 01-01-2015
Took over:Kempico
BE 0431.515.287State Gazette act of 22-01-2015 (2 acts) · effective 01-01-2015

Capital and shareholders

Capital over the years
  1. 14-07-2026 Capital increase of 100,000,000 EUR · to 140,247,650 EUR · 100,000,000 new shares · in kind
  2. 14-07-2026 Capital reduction of 100,000,000 EUR · to 40,247,650 EUR · “aanzuivering van geleden verliezen”
  3. 11-05-2022 Capital stated in the act · 100,000 EUR · 1,665,766 shares
  4. 03-05-2022 Capital stated in the act · 40,247,650 EUR · 1,665,766 shares
  5. 22-01-2015 Capital increase of 3,843,300 EUR · to 31,843,300 EUR
  6. 22-01-2015 Capital increase of 8,404,350 EUR · to 40,247,650 EUR
  7. 28-10-2014 Capital stated in the act · 28,000,000 EUR
  8. 06-06-2005 Capital increase of 27,981,250 EUR · to 28,000,000 EUR · 1,175,110 new shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 133,112 EUR awarded · 133,112 EUR paid
Year Entries awardedpaid
2025 1 10,224 EUR10,224 EUR
2024 1 25,045 EUR25,045 EUR
2023 1 55,431 EUR55,431 EUR
2022 3 42,412 EUR42,412 EUR
Schemes
Vlaams opleidingsverlof (VOV)
4 entries · 128,354 EUR · 128,354 EUR paid · Departement Werk en Sociale Economie
Werkbaarheidscheque (stopgezet)
1 entry · 3,463 EUR · 3,463 EUR paid · Departement Werk en Sociale Economie
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
1 entry · 1,295 EUR · 1,295 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

3 sites · 1 with a smiley
Moorslede2.052.659.461
5 permissions · smiley 2028NL00585 valid until 13-07-2028
Fabrikant mengvoeders andere · since 19-06-2025
Fabrikant voedermiddelen · since 25-11-2014
Toelating · Melkinrichting verkoop feed · since 25-11-2014
and 2 more
Beveren-Kruibeke-Zwijndrecht2.145.482.424
3 permissions
Fabrikant voedermiddelen · since 15-01-2015
Toelating · Fabrikant andere levensmiddelen · since 10-12-2007
Erkenning · Melkinrichting · since 01-01-1999
Langemark-Poelkapelle2.052.659.362
3 permissions
Toelating · Melkinrichting verkoop feed · since 19-07-2013
Fabrikant voedermiddelen · since 17-12-2007
Erkenning · Melkinrichting · since 01-01-1999

Legal Entity Identifier

5493000UM6Z6VF27Y923
live in the LEI register

Similar companies · same sector, comparable size

Of 273 companies in sector 10510 we hold annual accounts for 121. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded17-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
10510Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.