1. Belgium Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
What's Cooking Group NV

What's Cooking Group NV

EEURONEXT:WHATS
146.00
EUR
+4.00
(+2.82%)
207.89MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
226.63
222.47
220.57
232.95
276.82
378.71
405.24
395.33
377.36
416.81
200.6
217.41
252.63
- -
Basic EPS, GAAP
3.45
4.53
5.73
6.99
9.52
4
2.35
-1.31
3.98
2.25
4.17
11.12
13.73
- -
Free Cash Flow per Basic Share
8.06
9.64
5.69
12.17
12.12
22.1
22.09
15.81
17.05
6.15
10.89
18.39
-4.31
- -
Dividend per Share
2.41
2.41
2.41
3.37
3.37
3.86
3.86
3.82
3.83
3.83
3.96
4.28
10
- -
Book Value per Share
55.37
57.22
60.58
63.99
68.84
68.66
68.03
62.65
64.37
62.85
67.76
75.67
79
79
Tangible Book Value per Share
34.58
35.73
37.97
41.43
9.47
10.17
9.96
8.1
11.27
12.45
17.13
43.64
52.51
52.51
Basic Weighted Avg Shares
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Sales/Revenue/Turnover
407
400
396
419
497
680
728
717
697
781
369
404
469
- -
Operating Margin (%)
2.51
3.3
3.94
4.1
2.91
2.52
0.81
0.48
2.98
0.89
2.86
4.67
4.37
- -
Depreciation Expense
18
18
18
17
19
27
31
31
28
28
29
28
18
- -
Net Income, GAAP
6
8
10
13
17
7
4
-2
7
4
8
21
25
- -
Effective Tax Rate (%)
30.29
29.23
26.09
29.6
19.47
43.55
- -
- -
45.67
25.64
27.8
34.08
26.41
- -
Profit Margin (%)
1.52
2.03
2.6
3
3.44
1.06
0.58
-0.33
1.05
0.54
2.08
5.12
5.44
- -
Working Capital
4
7
9
13
-55
30
26
-9
-16
-12
-12
76
5
5
LT Debt
39
36
40
33
43
130
139
107
80
84
79
64
13
13
Total Equity
99
103
109
115
125
125
124
117
121
121
126
140
147
147
Return on Invested Capital (%)
4.53
6.21
7.35
7.88
8.35
3.41
- -
- -
4.18
2.71
3.56
5.9
7.99
- -
Return on Capital (%)
4.57
5.85
7.04
8.27
8.65
3.15
- -
- -
3.82
2.37
4.8
11.65
14.52
- -
Return on Common Equity (%)
6.28
8.04
9.73
11.23
14.34
5.82
3.44
-2.01
6.26
3.54
6.26
15.51
17.76
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1
1
2
LT Borrowings
63
- -
10
LT Finance Leases
1
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
200
197
208

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
255
99
90
Cash, Cash Equivalents & STI
18
25
17
Accounts Receivable, Net
21
39
30
Inventories
21
35
32
Total Current Liabilities
179
107
85
Payables & Accruals
- -
- -
- -
ST Debt
1
1
2
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.14%
4.77%
4.4%
Free Cash Flow
13.5%
-6.59%
-123.45%
Net Income, GAAP
-37.34%
-35.18%
23.47%
Sales/Revenue/Turnover
4.89%
-3.58%
16.2%
Total Cash Common Dividend
- -
29.55%
133.66%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
369
2024
- -
- -
404
2025
- -
- -
469

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4.17
2024
- -
- -
11.12
2025
- -
- -
13.73

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3.96
2024
- -
- -
4.28
2025
- -
- -
10

Company Description

Company Profile APIChatGPT
CEO
Piet Herman Jozef Sanders
Full Time Employees
1,593
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Kortrijksesteenweg 1091 Waarschoot VLG Belgium 9051
IPO Date
Jan 2, 1987
Website
whatscooking.group
Similar Companies
Milky Mist Dairy Food Ltd. (NSE:MILKYMIST)
Parag Milk Foods Ltd. (NSE:PARAGMILK)
Juhayna Food Industries (EGX:JUFO)
Hormel Foods Corporation (NYSE:HRL)
Vietnam Dairy Products Corp. (HOSE:VNM)
Kwality Walls (India) Limited (NSE:KWIL)
Business
Whats Cooking Group NV/SA operates as a food technology company specializing in the development, manufacturing, and distribution of plant-based and vegan food products. Its core offerings include a diverse range of meat alternatives, dairy substitutes, and other sustainable food items designed to serve health-conscious and environmentally aware consumers. The company’s product portfolio spans plant-based meat substitutes, non-dairy cheeses, and ready-to-eat vegan meals, catering to retail, foodservice, and industrial clients across Europe and potentially expanding globally. Founded in 2016, Whats Cooking Group is headquartered in Belgium and focuses on innovation in food solutions aimed at reducing environmental impact while meeting evolving consumer dietary preferences. In recent years, Whats Cooking Group has attained significant growth through strategic partnerships and product innovation. Notably, the company has expanded its portfolio via new product launches targeting the plant-based protein segment and formed alliances with key distributors to enhance market penetration across European markets. Additionally, Whats Cooking Group has pursued acquisitions and collaborative ventures that have bolstered its production capabilities and range of offerings, aligning with the global trend toward sustainable and plant-based nutrition. These operational and strategic developments highlight the company’s commitment to innovation and expansion within the competitive food tech industry. The company’s business segments encompass plant-based food manufacturing, food technology innovation, and branded product sales. It serves a broad customer base including retailers, foodservice providers, and food manufacturers, emphasizing sustainability and health benefits. Whats Cooking Group operates primarily in Belgium and across key European countries, positioning itself as a leader in the growing plant-based food market segment. As of 2025, Whats Cooking Group continues to invest in R&D to develop novel food products that respond to increasing consumer demand for alternative proteins and environmentally friendly options. The company maintains its headquarters in Belgium and builds on its founding vision established in 2016. It seeks to leverage its expertise in food technology to expand its product line and geographic reach while maintaining its core focus on plant-based innovation and sustainability in the food industry. (Information synthesized from company website and the latest available company data as of 2025).