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CHEESELINE

Active
Public limited companyfounded 199036 yrs activeLieven Bauwensstraat 9, 8200 Brugge, BelgiumKBO/BCE: BE 0441.187.078
Summary

The annual accounts of CHEESELINE for fiscal year 2024 show a net loss of 51% of total assets and of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €361,419 and a net result of -€490,582. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 1126 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-55
Solvency63▼-19
Growth22=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.57 against 2.16 in 2023; short-term debt: 62.1% of total assets), but 62.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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 36 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
37.9%
Return on assets
-51.4%
Age of the figures
21 mo
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 -€490,582
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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

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

History

On 30 July 1990, CHEESELINE was incorporated.1 Of the 6 current board members, Ferkas BV has served longest, since 2021.2 Revenue went from EUR 4.5 million in 2018 to EUR 1.4 million in 2024 and headcount from 29.1 to 13.8 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-02-2021
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€1.4m▼ 26.2%
2023 · €1.9m
EBIT margin
-35.1%▼ 33.2pp
2023 · -1.9%
Net result
-€490,582▼ 1,491%
2023 · -€30,830
Working capital
€338,942▼ 55.5%
2023 · €761,581
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€2.4m▼ 22.3%€2.4m▼ 1.3%€2.1m▼ 9.1%€1.9m▼ 12.4%€1.4m▼ 26.2%
Operating result-€11,381-€102,271▼ 799%-€125,157▼ 22.4%-€35,360▲ 71.7%-€486,682▼ 1,276%
Net result-€66,671▼ 792%€24,873-€165,184-€30,830▲ 81.3%-€490,582▼ 1,491%
EBIT margin-0.5%▼ 3.8pp-4.3%▼ 3.9pp-5.8%▼ 1.5pp-1.9%▲ 4.0pp-35.1%▼ 33.2pp
Equity€1.0m▼ 4.8%€1.1m▲ 2.0%€894,734▼ 15.2%€856,206▼ 4.3%€361,419▼ 57.8%
Total assets€2.0m▲ 0.7%€1.8m▼ 7.3%€1.7m▼ 7.1%€1.5m▼ 11.0%€954,013▼ 36.9%
Debt€931,646▲ 8.5%€761,617▼ 18.3%€803,653▲ 5.5%€654,844▼ 18.5%€592,594▼ 9.5%
Working capital€509,616▼ 27.9%€707,941▲ 38.9%€703,972▼ 0.6%€761,581▲ 8.2%€338,942▼ 55.5%
Staff (FTE)26.5▼ 6.4%24.6▼ 7.2%23.1▼ 6.1%16.6▼ 28.1%13.8▼ 16.9%
Result per fiscal year
Operating resultNet result
-€600,000-€400,000-€200,000€0Operating result 2020: -€11,381-€11,381Net result 2020: -€66,671-€66,671Operating result 2021: -€102,271-€102,271Net result 2021: €24,873€24,873Operating result 2022: -€125,157-€125,157Net result 2022: -€165,184-€165,184Operating result 2023: -€35,360-€35,360Net result 2023: -€30,830-€30,830Operating result 2024: -€486,682-€486,682Net result 2024: -€490,582-€490,58220202021202220232024-€600,000-€400,000-€200,000€0Operating result 2022: -€125,157-€125,000Net result 2022: -€165,184-€165,000Operating result 2023: -€35,360-€35,400Net result 2023: -€30,830-€30,800Operating result 2024: -€486,682-€487,000Net result 2024: -€490,582-€491,000202220232024
The operating result stays negative: a loss of €486,682 in 2024 against €35,360 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €954,013
Fixed assets €22,477 ▼ 76.2%
Current assets €931,536 ▼ 34.2%
Equity and liabilities €954,013
Equity €361,419 ▼ 57.8%
Debt €592,594 ▼ 9.5%
Debt's share of the balance-sheet total rises from 43.3% to 62.1%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€414,534▼
2023 · €60,777
Cash flow
-€418,433▼
2023 · €65,307
Current ratio
1.57▼
2023 · 2.16
Debt to equity
1.64▲
2023 · 0.76
ROE
-135.7%▼
2023 · -3.6%
ROA
-51.4%▼
2023 · -2.0%
Interest coverage
-91.23▼
2023 · 83.08
Debt ≤ 1 year
€592,594▼
2023 · €654,844
Income taxes
€1,500▲
2023 · €283
Staff costs
€914,364▼
2023 · €953,513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.1% went bankrupt
8.7% stopped otherwise
90% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 926 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.5m€954,013▼
Fixed assets21/28€94,625€22,477▼
Tangible fixed assets22/27€94,625€22,477▼
Furniture and vehicles24€94,625€22,477▼
Current assets29/58€1.4m€931,536▼
Amounts receivable within one year40/41€1.4m€927,721▼
Trade receivables40€358,294€194,411▼
Other amounts receivable41€1.1m€733,310▼
Deferred charges and accrued income490/1€7,045€3,815▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€954,013▼
Equity10/15€856,206€361,419▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€861,547€861,547=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Tax-exempt reserves132€726,518€726,518=
Distributable reserves133€128,829€128,829=
Profit (loss) carried forward14-€74,468-€565,050▼
Investment grants15€7,127€2,921▼
Amounts payable17/49€654,844€592,594▼
Amounts payable within one year42/48€654,844€592,594▼
Trade debts44€221,730€229,312▲
Suppliers440/4€221,730€229,312▲
Taxes, remuneration and social security45€101,949€155,524▲
Taxes450/3€12,655€18,148▲
Remuneration and social security454/9€89,293€137,375▲
Other amounts payable47/48€331,165€207,758▼
Income statement Code20232024
Operating income70/76A€2.2m€1.7m▼
Turnover70€1.9m€1.4m▼
Other operating income74€329,665€286,700▼
Non-recurring operating income76A€34,560€10,500▼
Operating charges60/66A€2.3m€2.2m▼
Services and other goods61€1.2m€1.2m▼
Remuneration, social security and pensions62€953,513€914,364▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96,137€72,148▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1,474-€2,533▼
Other operating charges640/8€5,095€2,822▼
Operating profit (loss)9901-€35,360-€486,682▼
Financial income75/76B€7,698€4,206▼
Recurring financial income75€7,698€4,206▼
Other financial income752/9€7,698€4,206▼
Financial charges65/66B€2,885€6,605▲
Recurring financial charges65€2,885€6,605▲
Debt charges650€732€4,544▲
Other financial charges652/9€2,153€2,061▼
Profit (loss) for the period before taxes9903-€30,547-€489,082▼
Income taxes67/77€283€1,500▲
Taxes670/3€50,000€1,500▼
Tax adjustments and reversals of tax provisions77€49,717-
Profit (loss) for the period9904-€30,830-€490,582▼
Profit (loss) for the period to be appropriated9905-€30,830-€490,582▼
Appropriation of the result
Profit (loss) to be appropriated9906-€74,468-€565,050▼
Profit (loss) brought forward from the previous period14P-€43,638-€74,468▼
Social balance
Average headcount (FTE)908716.613.8▼

The notes to these accounts (36 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€2.6m€2.5m€2.2m€1.7m▼ 24.9%
Turnover70€2.4m€2.4m€2.1m€1.9m€1.4m▼ 26.2%
Other operating income74-€227,797€328,480€329,665€286,700▼ 13.0%
Non-recurring operating income76A-€4,922€52,888€34,560€10,500▼ 69.6%
Operating charges60/66A-€2.7m€2.7m€2.3m€2.2m▼ 4.7%
Services and other goods61-€1.1m€1.2m€1.2m€1.2m▼ 3.1%
Remuneration, social security and pensions62-€1.3m€1.3m€953,513€914,364▼ 4.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222,415€190,928€168,580€96,137€72,148▼ 25.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€128-€128€1,474-€2,533▼ 272%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€4,886-€12,622---
Other operating charges640/8-€6,321€5,592€5,095€2,822▼ 44.6%
Non-recurring operating charges66A--€255---
Operating profit (loss)9901-€11,381-€102,271-€125,157-€35,360-€486,682▼ 1,276%
Financial income75/76B-€4,417€14,218€7,698€4,206▼ 45.4%
Recurring financial income75€13,200€4,417€14,218€7,698€4,206▼ 45.4%
Other financial income752/9-€4,417€14,218€7,698€4,206▼ 45.4%
Financial charges65/66B-€3,916€3,988€2,885€6,605▲ 129%
Recurring financial charges65€4,573€3,916€3,988€2,885€6,605▲ 129%
Debt charges650€1,689€1,255€1,164€732€4,544▲ 521%
Other financial charges652/9-€2,661€2,824€2,153€2,061▼ 4.3%
Profit (loss) for the period before taxes9903-€2,755-€101,770-€114,927-€30,547-€489,082▼ 1,501%
Income taxes67/77€63,916-€126,642€50,257€283€1,500▲ 431%
Taxes670/3--€50,257€50,000€1,500▼ 97.0%
Tax adjustments and reversals of tax provisions77-€126,642-€49,717--
Profit (loss) for the period9904-€66,671€24,873-€165,184-€30,830-€490,582▼ 1,491%
Profit (loss) for the period to be appropriated9905-€66,671€24,873-€165,184-€30,830-€490,582▼ 1,491%
Line20202021202220232024Change
Assets
Total assets20/58€2.0m€1.8m€1.7m€1.5m€954,013▼ 36.9%
Fixed assets21/28€532,324€359,341€190,762€94,625€22,477▼ 76.2%
Tangible fixed assets22/27€526,375€359,341€190,762€94,625€22,477▼ 76.2%
Plant, machinery and equipment23-€3,560€1,308---
Furniture and vehicles24-€350,791€189,453€94,625€22,477▼ 76.2%
Assets under construction and advance payments27-€4,990----
Financial fixed assets28€5,950-----
Current assets29/58€1.4m€1.5m€1.5m€1.4m€931,536▼ 34.2%
Amounts receivable within one year40/41€1.4m€1.5m€1.5m€1.4m€927,721▼ 34.2%
Trade receivables40-€206,506€196,582€358,294€194,411▼ 45.7%
Other amounts receivable41-€1.3m€1.3m€1.1m€733,310▼ 30.2%
Cash at bank and in hand54/58€13,071€352----
Deferred charges and accrued income490/1-€4,940€7,505€7,045€3,815▼ 45.8%
Equity and liabilities
Total equity and liabilities10/49€2.0m€1.8m€1.7m€1.5m€954,013▼ 36.9%
Equity10/15€1.0m€1.1m€894,734€856,206€361,419▼ 57.8%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€861,547€861,547€861,547€861,547€861,547=
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Tax-exempt reserves132-€726,518€726,518€726,518€726,518=
Distributable reserves133-€128,829€128,829€128,829€128,829=
Profit (loss) carried forward14€96,673€121,545-€43,638-€74,468-€565,050▼ 659%
Investment grants15-€9,568€14,825€7,127€2,921▼ 59.0%
Provisions and deferred taxes16€7,736€12,622----
Provisions for liabilities and charges160/5-€12,622----
Pensions and similar obligations160-€12,622----
Amounts payable17/49€931,646€761,617€803,653€654,844€592,594▼ 9.5%
Amounts payable within one year42/48€931,646€761,617€803,653€654,844€592,594▼ 9.5%
Trade debts44€242,058€70,395€229,843€221,730€229,312▲ 3.4%
Suppliers440/4-€70,395€229,843€221,730€229,312▲ 3.4%
Taxes, remuneration and social security45-€181,961€159,959€101,949€155,524▲ 52.6%
Taxes450/3-€12,361€6,029€12,655€18,148▲ 43.4%
Remuneration and social security454/9-€169,600€153,931€89,293€137,375▲ 53.8%
Other amounts payable47/48-€509,262€413,850€331,165€207,758▼ 37.3%
Line20202021202220232024Change
Profit (loss) for the period9904-€66,671€24,873-€165,184-€30,830-€490,582▼ 1,491%
+ Depreciation and write-downs630€222,415€190,928€168,580€96,137€72,148▼ 25.0%
Operating cash flow (approximation)€155,744€215,801€3,396€65,307-€418,433▼ 741%
Investment in fixed assets (approximation)--€17,945€0€0€0-
Change in cash--€12,718----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-02
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, 10-02-2026
  • 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
31-12
Financial Weakest financial yearnet -€490,582
Net result drops to -€490,582, the lowest in the series.
28-06
State Gazette act Resignation: The White Engine (director)
Appointments: AGRUCO BV (director) and ABOVE BV (director) · Permanent representatives: Peter Grugeon, Olivier Schietse and Edith Hamelryckx11 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
  • Board composition, Peter Grugeon (director)
  • Board composition, Olivier Schietse (director)
  • Board composition, Edith Hamelryckx (director)
  • Board composition, Tom Schiettecat (director)
  • Permanent representative, Edith Hamelryckx
19-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
26-04
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 Stevens · Power of attorney14 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)
  • Power of attorney, Christophe Guilmin
  • Power of attorney, Evelien Doens
  • Board meeting, 08-03-2024
  • Director resignation, VAN DAM MANAGEMENT BV (day-to-day manager)
  • Director resignation, The White Engine BV (day-to-day manager)
  • +2 further facts in this act
23-01
State Gazette act Resignation: AdItVelU BV (day-to-day manager)
Permanent representatives: Thijs Keersebilck, Plerre Stevens and Nils van Dam · Appointments: The White Engine BV (day-to-day manager) and VAN DAM MANAGEMENT BV (day-to-day manager)7 facts ▸
  • Board meeting, 22-11-2023
  • Director resignation, AdItVelU BV (day-to-day manager)
  • Permanent representative, Thijs Keersebilck
  • Director appointment, The White Engine BV (day-to-day manager)
  • Permanent representative, Plerre Stevens
  • Director appointment, VAN DAM MANAGEMENT BV (day-to-day manager)
  • Permanent representative, Nils van Dam
2023
01-08
State Gazette act Appointment: PwC Bedrijfsrevisoren (statutory auditor)
Permanent representative: Eva Van Wonterghem3 facts ▸
  • General meeting, 03-06-2023
  • Auditor appointment, PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Eva Van Wonterghem
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
17-02
State Gazette act Appointment: AditVelU BV (day-to-day manager)
Permanent representatives: Thijs Keersebilck, Pierre Stevens and Nils van Dam · Power of attorney9 facts ▸
  • Board meeting, 17-01-2022
  • Power of attorney, Thijs Keersebilck
  • Director appointment, AditVelU BV (day-to-day manager)
  • Permanent representative, Thijs Keersebilck
  • Board composition, AditVelU BV (day-to-day manager)
  • Board composition, The White Engine BV (day-to-day manager)
  • Board composition, VAN DAM MANAGEMENT BV (day-to-day manager)
  • Permanent representative, Pierre Stevens
  • Permanent representative, Nils van Dam
2021
31-12
Financial Back to profitnet €24,873
Net result €24,873 after 2 loss-making years.
Show earlier events
22-09
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 19-07-2021
  • Power of attorney, Thijs Keersebilck
22-09
State Gazette act Resignation: FERKAS BV (day-to-day manager)
Power of attorney10 facts ▸
  • Board meeting, 20-07-2021
  • Director resignation, FERKAS BV (day-to-day manager)
  • Power of attorney, FERKAS BV
  • Power of attorney, Kris Lambrecht
  • Power of attorney, MATTUCIE BV
  • Power of attorney, Eddy Leloup
  • Power of attorney, Koen Bruyneel
  • Power of attorney, Dirk Van Gaver
  • Power of attorney, Kristel Vertenten
  • Power of attorney, BENU BV
06-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
10-03
State Gazette act Appointment: PwC Bedrijfsrevisoren BV (commissaris revisor)
2 facts ▸
  • General meeting, 05-06-2020
  • Auditor appointment, PwC Bedrijfsrevisoren BV (commissaris revisor)
10-02
State Gazette act Capital & shares
Statutes amendment · Power of attorney2 facts ▸
  • Statutes amendment
  • Power of attorney, Deloitte Legal-Lawyers CVBA
04-02
State Gazette act Appointments: Van Dam Management BV, The White Engine BV and Ferkas BV
Permanent representatives: Nils VAN DAM, Pierre STEVENS and Ann CELEN · Resignation: Wim Van Kerckhove (day-to-day manager)8 facts ▸
  • Board meeting, Milcobel CV
  • Director appointment, Van Dam Management BV (day-to-day manager)
  • Permanent representative, Nils VAN DAM
  • Director appointment, The White Engine BV (day-to-day manager)
  • Permanent representative, Pierre STEVENS
  • Director appointment, Ferkas BV (day-to-day manager)
  • Permanent representative, Ann CELEN
  • Director resignation, Wim Van Kerckhove (day-to-day manager)
06-01
State Gazette act Resignations: Van Dam Management BV (director) and Ferkas BV (director)
Appointment: Milcobel CV (enige niet statutair bestuurder) · Permanent representative: Nils van Dam · Purpose change13 facts ▸
  • General meeting, 24-12-2020
  • Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door het nemen van participaties:…
  • Statutes amendment
  • Capital, €62.000
  • Power of attorney, Kristof Berlengé
  • Power of attorney, Carmen de Vuyst
  • Director resignation, Van Dam Management BV (director)
  • Director resignation, Ferkas BV (director)
  • Director discharge, Van Dam Management BV
  • Director discharge, Ferkas BV
  • Director appointment, Milcobel CV (enige niet statutair bestuurder)
  • Permanent representative, Nils van Dam
  • +1 further facts in this act
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
09-07
State Gazette act Resignations: HOF TEN STOPPELEN BV (director) and JURDIAN MANAGEMENT CONSULT BV (director)
Permanent representatives: Liebwin van Lil, Erik De Cock and 2 others · Appointments: FERKAS BV (director) and VAN DAM MANAGEMENT BV (director)11 facts ▸
  • General meeting, 18-06-2020
  • Director resignation, HOF TEN STOPPELEN BV (director)
  • Permanent representative, Liebwin van Lil
  • Director resignation, JURDIAN MANAGEMENT CONSULT BV (director)
  • Permanent representative, Erik De Cock
  • Director appointment, FERKAS BV (director)
  • Permanent representative, Ann Celen
  • Director appointment, VAN DAM MANAGEMENT BV (director)
  • Permanent representative, Nils van Dam
  • Board composition, FERKAS BV (director)
  • Board composition, VAN DAM MANAGEMENT BV (director)
27-02
State Gazette act Resignation: JAPON A LA CARTE BV (director)
Appointment: JURDIAN MANAGEMENT CONSULT BV (director) · Permanent representatives: Erik De Cock and Liebwin Van Lil7 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
  • Board composition, JURDIAN MANAGEMENT CONSULT BV (director)
  • Board composition, HOF TEN STOPPELEN BV (director)
  • Permanent representative, Liebwin Van Lil
2019
18-09
State Gazette act Resignation: Geert Neirynck (director)
Appointment: HOF TEN STOPPELEN BVBA (director) · Permanent representatives: Liebwin van Lil and Peter Koopmans7 facts ▸
  • General meeting, 30/08/2019
  • Director resignation, Geert Neirynck (director)
  • Director appointment, HOF TEN STOPPELEN BVBA (director)
  • Permanent representative, Liebwin van Lil
  • Board composition, JAPON A LA CARTE BVBA (director)
  • Permanent representative, Peter Koopmans
  • Board composition, HOF TEN STOPPELEN BVBA (director)
02-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
15-05
State Gazette act Permanent representatives: Bert Van Nieuwenborgh, Francis Relaes and Ann Celen
Power of attorney13 facts ▸
  • Board meeting, 14-12-2018
  • Power of attorney, Kris Lambrecht
  • Power of attorney, BENU BVBA
  • Permanent representative, Bert Van Nieuwenborgh
  • 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, MATTUCIE BVBA
  • Permanent representative, Francis Relaes
  • Power of attorney, FERKAS BVBA
  • +1 further facts in this act
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
15-03
State Gazette act Resignation: Kevin Hoorne (director)
Appointments: JAPON A LA CARTE BVBA (director) and Wim Van Kerkhove (logistiek manager) · Permanent representative: Peter Koopmans · Mandate compensation10 facts ▸
  • General meeting, 22-01-2018
  • Director resignation, Kevin Hoorne (director)
  • Director appointment, JAPON A LA CARTE BVBA (director)
  • Permanent representative, Peter Koopmans
  • Mandate compensation, JAPON A LA CARTE BVBA
  • Board composition, Geert Neirynck (director)
  • Board composition, JAPON A LA CARTE BVBA (director)
  • Board meeting, 23-02-2018
  • Director resignation, Kevin Hoorne (managing director)
  • Director appointment, Wim Van Kerkhove (logistiek manager)
16-01
State Gazette act Resignation: PH Business & Consulting Services BVBA (bestuurder, gedelegeerd bestuurder, voorzitter van de raad van bestuur)
Appointment: Kevin Hoorne (director) · Mandate compensation9 facts ▸
  • General meeting, 12-12-2017
  • Board meeting, 12-12-2017
  • Director resignation, PH Business & Consulting Services BVBA (bestuurder, gedelegeerd bestuurder, voorzitter van de raad van bestuur)
  • Director appointment, Kevin Hoorne (director)
  • Mandate compensation, Kevin Hoorne
  • Board composition, Geert Neirynck (director)
  • Board composition, Kevin Hoorne (director)
  • Director appointment, Kevin Hoorne (managing director)
  • Mandate compensation, Kevin Hoorne
2017
25-07
State Gazette act Reappointment: Bcvba PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Griet Helsen3 facts ▸
  • General meeting, 03-06-2017
  • Auditor reappointment, Bcvba PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Griet Helsen
26-06
State Gazette act Resignation: Jan Lietaert (bestuurder en gedelegeerd bestuurder)
Permanent representative: Patrick Huyskens5 facts ▸
  • General meeting, 01-06-2017
  • Director resignation, Jan Lietaert (bestuurder en gedelegeerd bestuurder)
  • Board composition, Geert Neirynck (director)
  • Board composition, PH Business & Consulting Services BVBA (director)
  • Permanent representative, Patrick Huyskens
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
2014
04-08
State Gazette act Reappointment: Bcvba PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Griet Helsen3 facts ▸
  • General meeting, 07-06-2014
  • Auditor reappointment, Bcvba PricewaterhouseCoopers Bedrijfsrevisoren
  • Permanent representative, Griet Helsen
2013
06-11
State Gazette act Reappointments: PH Business & Consulting Services (managing director and chair of the board) and Jan Lietaert (managing director)
Permanent representative: Patrick Huyskens4 facts ▸
  • Board meeting, 01-06-2013
  • Director reappointment, PH Business & Consulting Services (managing director and chair of the board)
  • Permanent representative, Patrick Huyskens
  • Director reappointment, Jan Lietaert (managing director)
02-09
State Gazette act Reappointments: PH Businies & Consulting Services, Jan Lietaert and Geert Neirynck
Permanent representative: Patrick Huyskens5 facts ▸
  • General meeting, 01-06-2013
  • Director reappointment, PH Businies & Consulting Services (director)
  • Permanent representative, Patrick Huyskens
  • Director reappointment, Jan Lietaert (director)
  • Director reappointment, Geert Neirynck (director)
19-06
State Gazette act Resignation: Patric Buggenhout (director)
Permanent representative: Partick Huyskens6 facts ▸
  • Board meeting, 10-06-2013
  • Director resignation, Patric Buggenhout (director)
  • Board composition, Geert Neirynck (director)
  • Board composition, Jan Lietaert (director)
  • Board composition, PH Business & Consulting Services BVBA (director)
  • Permanent representative, Partick Huyskens
2011
07-10
State Gazette act Reappointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Filip Lozie3 facts ▸
  • General meeting, 04-06-2011
  • Auditor reappointment, PricewaterhouseCoopers Bedrijfsrevisoren
  • Permanent representative, Filip Lozie
2008
17-07
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren Bcvba (statutory auditor)
Permanent representative: Filip Lozie3 facts ▸
  • General meeting, 07-06-2008
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren Bcvba
  • Permanent representative, Filip Lozie
2007
21-06
State Gazette act Reappointments: Luc Van Hoe, Jan Lietaert and 2 others
5 facts ▸
  • General meeting, 02-06-2007
  • Director reappointment, Luc Van Hoe (gedelegeerd bestuurder, voorzitter)
  • Director reappointment, Jan Lietaert (managing director)
  • Director reappointment, Patric Buggenhout (director)
  • Director reappointment, Geert Neirynck (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
27 of 27 acts read

Directors · office · real estate

Directors
4 directors, 2 in day-to-day management, no change since 2027

Board 4

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
Christophe Guilmin
Director · since 01-01-2026
Current
VERHEIJEN Joris
Director · since 01-01-2026
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Luc Van Hoe
Gedelegeerd bestuurder, voorzitter · since 02-06-2007
Not recently confirmed
PH Business & Consulting Services
Managing director and chair of the board · since 01-06-2013 · Legal entity · perm. rep.: Patrick Huyskens
Not recently confirmed
PH Businies & Consulting Services
Director · since 01-06-2013 · Legal entity · perm. rep.: Patrick Huyskens
Not recently confirmed
JAPON A LA CARTE BVBA
Director · since 22-01-2018 · Legal entity · perm. rep.: Peter Koopmans
Not recently confirmed

Day-to-day management 2

Ferkas BV
Day-to-day manager · since 27-01-2021 · Legal entity · perm. rep.: Ann CELEN
Current
The White Engine
Day-to-day manager · since 27-01-2021 · Private limited company · perm. rep.: Pierre STEVENS
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Luc Van Hoe
Gedelegeerd bestuurder, voorzitter · since 02-06-2007
Not recently confirmed
PH Business & Consulting Services
Managing director and chair of the board · since 01-06-2013 · Legal entity · perm. rep.: Patrick Huyskens
Not recently confirmed

Permanent representatives 4

Ann CELEN
Permanent representative · since 27-01-2021 · for Ferkas BV
Current
Pierre STEVENS
Permanent representative · since 27-01-2021 · for The White Engine
Current
Olivier Schietse
Permanent representative · since 01-06-2024 · for ABOVE
Current
Peter Grugeon
Permanent representative · since 01-06-2024 · for AGRUCO
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Patrick Huyskens
Permanent representative · since 01-06-2013 · for PH Business & Consulting Services
Not recently confirmed
Peter Koopmans
Permanent representative · since 22-01-2018 · for JAPON A LA CARTE BVBA
Not recently confirmed

Statutory auditor 1

Pwc Bedrijfsrevisoren
Statutory auditor · since 07-06-2008 · perm. rep.: Eva Van Wonterghem
Current

Other functions 1

Wim Van Kerkhove
Logistiek manager · since 23-02-2018
Not recently confirmed
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
2.1 ha
Building footprint
1.2 ha
Parcel 31424B0590/00P000, Flanders. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
CHEESELINE
Lieven Bauwensstraat 9, 8200 BruggeNACE 60241
since 19902.049.402.835
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31424B0590/00P000 Flanders 2.1 ha 1 · 1.2 ha -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

32 people since 2007, 12 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
ABOVE
  • Director, from 01-06-2024 to date
AGRUCO
  • Director, from 01-06-2024 to date
Christophe Guilmin
  • Director, from 01-01-2026 to date
VERHEIJEN Joris
  • Director, from 01-01-2026 to date
Ferkas BV
  • Day-to-day manager, from 27-01-2021 to date
The White Engine
  • Day-to-day manager, from 27-01-2021 to date
Pwc Bedrijfsrevisoren
  • Statutory auditor, from 07-06-2008 to date
Luc Van Hoe
  • Gedelegeerd bestuurder, voorzitter, already before 02-06-2007 not ended, last confirmed 21-06-2007
  • Gedelegeerd bestuurder, voorzitter, already before 02-06-2007 not ended, last confirmed 21-06-2007
PH Business & Consulting Services
  • Managing director and chair of the board, already before 01-06-2013 not ended, last confirmed 06-11-2013
  • Managing director and chair of the board, already before 01-06-2013 not ended, last confirmed 06-11-2013
PH Businies & Consulting Services
  • Director, already before 01-06-2013 not ended, last confirmed 02-09-2013
JAPON A LA CARTE BVBA
  • Director, from 22-01-2018 not ended, last confirmed 15-03-2018
Wim Van Kerkhove
  • Logistiek manager, from 23-02-2018 not ended, last confirmed 15-03-2018
ORTEGAL BV
  • Director, from 05-03-2024 to 01-01-2027
ABOVE BV
  • Director, until 01-05-2026
AGRUCO BV
  • Director, until 01-04-2026
Tom Schiettecat
  • Director, from 05-03-2024 to 01-04-2026
The White Engine
  • Director, until 01-06-2024
The White Engine BV
  • Day-to-day manager, from 22-11-2023 to 08-03-2024
  • Director, from 05-03-2024 ended, last mentioned 26-04-2024
VAN DAM MANAGEMENT BV
  • Day-to-day manager, from 27-01-2021 to 08-03-2024
FrieslandCampina
  • Enige niet statutair bestuurder, from 24-12-2020 to 05-03-2024
AdItVelU
  • Day-to-day manager, from 01-01-2022 to 22-11-2023
FERKAS
  • Director, from 01-05-2020 to 24-12-2020
  • Day-to-day manager, until 14-09-2021
Wim Van Kerckhove
  • Day-to-day manager, until 27-01-2021
VAN DAM MANAGEMENT
  • Director, from 19-05-2020 to 24-12-2020
JURDIAN MANAGEMENT CONSULT
  • Director, from 24-01-2020 to 19-05-2020
Hof Ten Stoppelen
  • Director, from 14-06-2019 to 01-05-2020
JAPON A LA CARTE BV
  • Director, until 19-12-2019
Geert Neirynck
  • Director, already before 02-06-2007 to 14-06-2019
Kevin Hoorne
  • Director, from 01-12-2017 to 22-01-2018
  • Managing director, from 01-12-2017 to 22-01-2018
PH Business & Consulting Services BVBA
  • Bestuurder, gedelegeerd bestuurder, voorzitter van de raad van bestuur, until 01-12-2017
  • Bestuurder, gedelegeerd bestuurder, voorzitter van de raad van bestuur, until 01-12-2017
Jan Lietaert
  • Managing director, already before 02-06-2007 to 01-06-2017
  • Director, already before 01-06-2013 to 01-06-2017
Patric BUGGENHOUT
  • Director, already before 02-06-2007 to 01-06-2013
See the board, name and seat on a given date →

Structure & network

Part of the group FrieslandCampina 9 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. FrieslandCampina 100%
  2. Kaasimport Jan Dupont 100%
  3. CHEESELINE

Highest known parent: FrieslandCampina. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of CHEESELINE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

17 connected companies
Linked via shared directors
CAMAL
via VERHEIJEN Joris · Director
→
KAASBRIK
via VERHEIJEN Joris · Director
→
→
Show 13 more companies with a shared director
→
ACERTA Consult
Shared director
→
Acerta Services
Shared director
→
Acerta Verzekeringen
Shared director
→
FrieslandCampina
Shared director
→
NEDERHEYDE
Shared director
→
→
SPECIAL FRUIT
Shared corporate director
→
SPECIAL FRUIT GROWING & LICENSING
Shared corporate director
→
YSCO
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 06-01-2021 Capital stated in the act · 62,000 EUR · 1,250 shares

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 21,668 EUR awarded · 21,668 EUR paid
Year Entries awardedpaid
2023 1 12,795 EUR12,795 EUR
2022 1 8,873 EUR8,873 EUR
Schemes
2 entries · 21,668 EUR · 21,668 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Brugge2.049.402.835
1 permission
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 14-10-2008

Similar companies · same sector, comparable size

Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,634 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0441187078
Also 9925:BE0441187078

Register as of 27 September 2026 · Peppol Directory

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