AIRCO FRIGO
ActiveAIRCO FRIGO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-34k) and a net result of €8k. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 514 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.16 in 2023; short-term debt: 398.5% and cash: 4.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-298.5%
Return on assets
66.2%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 514 sector peers (2024).
NBB · sector comparisonPosition among 514 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
40 d early
2022
on the day
2021
9 d late
2020
57 d early
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-34k▲ 18.1%
2023 · €-42k
2018: €-18k
2019: €-33k
2020: €-37k
2021: €-49k
2022: €-49k
2023: €-42k
2018 → 2024
Total assets
€11k▲ 47.7%
2023 · €8k
2018: €25k
2019: €17k
2020: €17k
2021: €6k
2022: €6k
2023: €8k
2018 → 2024
Net result
€8k▼ 2.5%
2023 · €8k
2018: €-5k
2019: €-14k
2020: €-4k
2021: €-12k
2022: €-623
2023: €8k
2018 → 2024
Working capital
€-34k▲ 18.1%
2023 · €-42k
2018: €-19k
2019: €-33k
2020: €-37k
2021: €-49k
2022: €-49k
2023: €-42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-37k-€-49k▼ 33.0%€-49k▼ 1.3%€-42k▲ 15.7%€-34k▲ 18.1%
Operating result€-3k-€-12k▼ 276%€-387▲ 96.7%€8k€8k▼ 3.0%
Net result€-4k-€-12k▼ 218%€-623▲ 94.8%€8k€8k▼ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Key figures and ratios
Solvency
-298.5%▲
2023 · -538.7%
Current ratio
0.25▲
2023 · 0.16
Quick ratio
0.25▲
2023 · 0.16
Debt / equity
-1.34▼
2023 · -1.19
ROA
66.2%▼
2023 · 100.3%
Debt
€45k▼
2023 · €49k
Debt ≤ 1 year
€45k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8k€11k▲
Current assets29/58€8k€11k▲
Amounts receivable within one year40/41€7k€11k▲
Trade receivables40€6k€10k▲
Other amounts receivable41€287€588▲
Cash at bank and in hand54/58€1k€526▼
Equity and liabilities
Total equity and liabilities10/49€8k€11k▲
Equity10/15€-42k€-34k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-62k€-54k▲
Amounts payable17/49€49k€45k▼
Amounts payable within one year42/48€49k€45k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Other amounts payable47/48€44k€41k▼
Income statement
Code20232024
Other operating charges640/8€884€95▼
Gross operating margin9900€9k€8k▼
Operating profit (loss)9901€8k€8k▼
Financial charges65/66B€272€231▼
Recurring financial charges65€272€231▼
Profit (loss) for the period before taxes9903€8k€8k▼
Profit (loss) for the period9904€8k€8k▼
Profit (loss) for the period to be appropriated9905€8k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-54k▲
Profit (loss) brought forward from the previous period14P€-70k€-62k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2004
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.
Chaussée de Bruxelles 1241410 WaterlooGround area
1,516 m²
Building footprint
494 m²
Volume, LiDAR
5,053 m³
2 parcels, Flanders, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AF CONSTRUCT
since 20042.136.931.576
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762G0116/00_000 | Wallonia | 1,113 m² | 1 · 358 m² | 12.7 m · 3 fl. |
| 22662B0419/00M007 | Flanders | 402 m² | 1 · 135 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 463 companies in sector 28250 we hold annual accounts for 285.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-2004
Fiscal year end31-12
Activities, NACEBEL
28250Manufacture of machinery and equipment not elsewhere classified
29230
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.