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ALLFROST

Active Public limited companyfounded 1988active for 38 yearsJan Borluutstraat 40, 8790 WaregemKBO/BCE: BE 0434.336.009 subsidiary of SADYS#6 oldest company in Waregem, Transport and storage sector

Lifetime

20 annual accounts with figures on one time axis, 37 filings since 1989
peak €863,094 (2020)
€495,870▼ 14.5%
lowest -€5,507 (2023)
€3,304▼ 89.1%
peak €1.1m (2017)
€856,135▲ 0.4%
€244,133▲ 2.0%
peak 7.1 FTE (2015)
4.8 FTE▼ 18.6%
Board5 names since 2020
3 directorsCéline Huys and 2 others
Owners2 names in the annual accounts
99.55%SADYS
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Gross margin from €579,837 to €495,870Result from €30,221 to €3,304Staff from 5.9 FTE to 4.8 FTEReappointment: VRC Bedrijfsrevisoren (statutory auditor) 26-09Cash from €526,667 to €210,304

Key points

from the 2025 annual accounts

Turnover

≈ €1.2m estimated

The accounts state no turnover.

Staff

4.8 FTE from 7.1 in 2015

Between 2015 and 2025, 32% of the full-time equivalents disappeared.

Position in the sector

77.6%

Higher solvency than 84% of companies in warehousing and transport support. Sector median 37.5% · 863 companies.

Checked score

95
Excellent
Financially stronger than 60% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.9% across 2,304 companies (NACE 52, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value

Financial strength
Strong

100=equity 77.6% of total assets
66-27short-term debt 22.1% · cash 19.1%
69-3return on assets 0.3%

Score breakdown

raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Founded in 1988
Liquidity: current ratio 3.04, cash €210,304, halved
Equity €856,135 (77.6% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro). It does better than 89% of them on solvency, 71% on liquidity, 43% on profitability and 38% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as ALLFROST has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ALLFROST itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for ALLFROST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €80,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.04 (2.72 in 2024), above the usual 1.5. Short-term debt is 22.1% and cash 19.1% of total assets. 22.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 3.04, cash €210,304, halved
NBB · annual accounts
lowers risk · Equity €856,135 (77.6% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
7 days early
2023
6 days early
2022
30 days late
2021
5 days early
2020
95 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CH
Chair
SH
Director
VB
Auditor, Steven T'Jollyn
  • SADYS 99.55%equity €12.9m (2025) · 2025 annual accounts of SADYS
Board & ownership

Recent changes

1 director appointed, 1 resignation, 2 reappointments Resignation: François Van den Steen · Reappointments: Céline Huys and Stéphanie Huys · Appointment: Céline Huys (chair of the board) · General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0434336009
Reappointment: VRC Bedrijfsrevisoren (statutory auditor) General meeting of 30-06-2025 · Gazette deed
Capital increase of €3,120.94 to €517,500 Capital from €514,379.06 to €517,500 · “Een patrimonium bestaande uit roerende en onroerende goederen te verwerven,te behouden,in de ruimste zin van…” (deed in Dutch) · General meeting of 22-03-2023 · Gazette deed
All 54 events

Comparable companies

same main activity, similar in size and age
Company
ALLFROST Waregem €1.1m €495,870 77.6% 4.8
SOTREWALL Charleroi €1.2m €535,098 76.0% 4
Katoen Natie Koersel Beveren-Kruibeke-Zwijndrecht €1.2m €395,103 71.6% 4
STORACON Kortrijk €1.1m €545,188 21.3% 8.5
JOHN DRIEGE Neufchâteau €1.3m €468,088 26.0% 8.1
Société immobilière de la Vallée de l'Hain Braine-le-Château €0.9m €511,467 49.2% 7.8
BAUDEN Ypres €1.8m €557,093 71.2% 2.2

These companies have the same main activity as ALLFROST: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €885,000 and €1.8m, founded between 1977 and 1988.

Official details

Source: KBO
Status
Active since 31-03-1988Normal situation
Activity
Warehousing and storageNACE 52100
Joint committees
118Food industry
220White-collar workers in the food industry · annual accounts 2025
Establishment unit
2.039.164.4848790 Waregem, since 13-07-1988
Financial year end
31 December
Peppol
Reachable since 12-11-2025
Company details

Annual accounts 2025

€1.1m▲ 0.6%
Employeeson 31-12-2025
4▼ 20.0%
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Insights on ALLFROST

ALLFROST has existed since 1988. The gross margin grew from €74,489 in 2006 to €495,870 in 2025.

SADYS holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about ALLFROST

What is the company number of ALLFROST?
The company number of ALLFROST is 0434.336.009. The VAT number is the same number with BE in front: BE 0434.336.009.
Where is ALLFROST based?
The registered office is at Jan Borluutstraat 40, 8790 Waregem.Company details
What does ALLFROST do?
According to the KBO register, the main activity is warehousing and storage (NACE 52100).
What is the legal form of ALLFROST?
ALLFROST is a public limited company (NV).
When was ALLFROST founded?
ALLFROST was founded on 31-03-1988.
Is ALLFROST still active?
Yes, ALLFROST is an active enterprise in the KBO register.
How many employees does ALLFROST have?
ALLFROST had an average of 4.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ALLFROST fall under?
In its 2025 annual accounts, ALLFROST states joint committees 118 (Food industry) and 220 (White-collar workers in the food industry).
What is the turnover of ALLFROST?
The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €495,870 and 2,281 comparable companies of the same size. It probably lies between €700,000 and €2.0m. It is a rough estimate.
Is ALLFROST profitable?
In financial year 2025, ALLFROST made a profit of €3,304.
Where can I find the annual accounts of ALLFROST?
ALLFROST filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ALLFROST due?
ALLFROST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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