Summary
ECOFROST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €158.1m and a net result of €102.5m. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024 · tick = 2022
Profitability100▲+42
Solvency82▲+5
Growth85▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.7%
Return on assets
36.7%
Age of the figures
30 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 14-11-2024, 14 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
2024
14 d late
2022
2 d early
2021
2 d early
2019
on the day
2018
on the day
2017
on the day
2016
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Péruwelz#1 company by equity in Péruwelz#8 employer in Péruwelz
Turnover
€582.1m▲ 211%
2022 · €187.4m
EBIT margin
24.2%▲ 24.4pp
2022 · -0.1%
Net result
€102.5m▲ 5,869%
2022 · €1.7m
Working capital
€137.4m▲ 234%
2022 · €41.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202120222024
Turnover€127.9m-€252.7m-€187.4m▼ 25.8%€582.1m-
Operating result€955,862-€917,528--€249,756€141.1m-
Net result€1.2m-€252,659within the sector's middle half-€1.7mabove the sector's middle half▲ 580%€102.5mabove the sector's middle half-
EBIT margin0.7%-0.4%--0.1%▼ 0.5pp24.2%-
Equity€56.2m-€56.7mabove the sector's middle half-€56.2mabove the sector's middle half▼ 0.8%€158.1mabove the sector's middle half-
Total assets€95.5m-€104.2mabove the sector's middle half-€109.0mabove the sector's middle half▲ 4.6%€279.1mabove the sector's middle half-
Debt€37.4m-€46.0m-€51.8m▲ 12.7%€120.3m-
Working capital€45.0m-€44.7mabove the sector's middle half-€41.2mabove the sector's middle half▼ 7.8%€137.4mabove the sector's middle half-
Solvency58.8%-54.4%within the sector's middle half-51.6%within the sector's middle half▼ 2.8pp56.7%within the sector's middle half-
Current ratio3.38-2.27above the sector's middle half-1.91within the sector's middle half▼ 0.363.03above the sector's middle half-
Return on assets (ROA)1.2%-0.2%below the sector's middle half-1.6%within the sector's middle half▲ 1.3pp36.7%above the sector's middle half-
Staff (FTE)86.9-86.7above the sector's middle half-107.6above the sector's middle half▲ 24.1%147.2above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +580% on 2021. The previous fiscal year ran 23 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result is €141.1m in 2024, compared with -€249,756 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €279.1m
Fixed assets
€74.1m ▲ 228%
Current assets
€205.0m ▲ 137%
Equity and liabilities €279.1m
Equity
€158.1m ▲ 181%
Provisions
€709,134 ▼ 30.7%
Debt
€120.3m ▲ 132%
Debt's share of the balance-sheet total falls from 47.5% to 43.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154.3m▲
2022 · €6.4m
Cash flow
€115.7m▲
2022 · €8.3m
Quick ratio
2.54▲
2022 · 1.67
Debt to equity
0.76▼
2022 · 0.92
ROE
64.8%▲
2022 · 3.1%
Interest coverage
111.24▲
2022 · 45.45
Debt ≤ 1 year
€67.5m▲
2022 · €45.2m
Debt > 1 year
€52.7m▲
2022 · €6.5m
Income taxes
€39.0m▲
2022 · €1.4m
Staff costs
€14.7m▲
2022 · €5.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | €188.7m | €605.7m | - |
| Turnover70 | €127.9m | €252.7m | €187.4m | €582.1m | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €1.0m | €22.5m | - |
| Other operating income74 | - | - | €305,295 | €795,712 | - |
| Non-recurring operating income76A | - | - | - | €297,454 | - |
| Operating charges60/66A | - | - | €189.0m | €464.6m | - |
| Goods for resale, raw materials and consumables60 | - | - | €107.5m | €277.1m | - |
| Purchases600/8 | - | - | €108.4m | €277.0m | - |
| Change in stocks: decrease (increase)609 | - | - | -€901,389 | €30,994 | - |
| Services and other goods61 | - | - | €69.0m | €157.9m | - |
| Remuneration, social security and pensions62 | - | - | €5.7m | €14.7m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12.6m | €19.2m | €6.6m | €13.2m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€4,940 | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€337,305 | €0 | - |
| Other operating charges640/8 | - | - | €452,848 | €817,982 | - |
| Non-recurring operating charges66A | - | - | - | €985,616 | - |
| Operating profit (loss)9901 | €955,862 | €917,528 | -€249,756 | €141.1m | - |
| Financial income75/76B | - | - | €3.7m | €2.6m | - |
| Recurring financial income75 | €299,924 | €500,288 | €3.7m | €2.6m | - |
| Income from current assets751 | - | - | €0 | €1.4m | - |
| Other financial income752/9 | - | - | €3.7m | €1.2m | - |
| Financial charges65/66B | - | - | €526,566 | €2.6m | - |
| Recurring financial charges65 | €255,571 | €651,740 | €526,566 | €2.6m | - |
| Debt charges650 | €172,543 | €324,467 | €140,326 | €1.4m | - |
| Other financial charges652/9 | - | - | €386,240 | €1.2m | - |
| Profit (loss) for the period before taxes9903 | €1.0m | €766,077 | €3.0m | €141.2m | - |
| Transfer from deferred taxes780 | - | - | €176,359 | €313,888 | - |
| Income taxes67/77 | €129,654 | €974,011 | €1.4m | €39.0m | - |
| Taxes670/3 | - | - | €1.4m | €39.1m | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €93,308 | - |
| Profit (loss) for the period9904 | €1.2m | €252,659 | €1.7m | €102.5m | - |
| Transfer from tax-exempt reserves789 | - | - | €524,840 | €896,087 | - |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €1.3m | €2.2m | €103.4m | - |
| Line | 2019 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €95.5m | €104.2m | €109.0m | €279.1m | - |
| Fixed assets21/28 | €31.6m | €24.4m | €22.6m | €74.1m | - |
| Intangible fixed assets21 | €380,809 | €3,993 | €1,991 | €676 | - |
| Tangible fixed assets22/27 | €31.2m | €24.4m | €22.6m | €65.1m | - |
| Land and buildings22 | - | - | €9.3m | €15.3m | - |
| Plant, machinery and equipment23 | - | - | €10.5m | €40.4m | - |
| Furniture and vehicles24 | - | - | €121,540 | €515,826 | - |
| Leasing and similar rights25 | - | - | €2.7m | €4.5m | - |
| Assets under construction and advance payments27 | - | - | - | €4.5m | - |
| Financial fixed assets28 | - | - | - | €9.0m | - |
| Affiliated companies280/1 | - | - | - | €9.0m | - |
| Participating interests280 | - | - | - | €9.0m | - |
| Current assets29/58 | €63.9m | €79.8m | €86.4m | €205.0m | - |
| Stocks and contracts in progress3 | €6.6m | €9.0m | €10.9m | €33.4m | - |
| Stocks30/36 | - | - | €10.9m | €33.4m | - |
| Raw materials and consumables30/31 | - | - | €3.2m | €3.1m | - |
| Finished goods33 | - | - | €7.8m | €30.3m | - |
| Amounts receivable within one year40/41 | €44.8m | €54.2m | €63.5m | €78.2m | - |
| Trade receivables40 | - | - | €39.6m | €51.9m | - |
| Other amounts receivable41 | - | - | €24.0m | €26.3m | - |
| Current investments50/53 | - | - | - | €48.0m | - |
| Other investments51/53 | - | - | - | €48.0m | - |
| Cash at bank and in hand54/58 | €12.4m | €16.2m | €11.8m | €44.4m | - |
| Deferred charges and accrued income490/1 | - | - | €88,917 | €861,344 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €95.5m | €104.2m | €109.0m | €279.1m | - |
| Equity10/15 | €56.2m | €56.7m | €56.2m | €158.1m | - |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | - |
| Capital10 | - | - | €1.9m | €1.9m | - |
| Issued capital100 | - | - | €1.9m | €1.9m | - |
| Reserves13 | €34.2m | €33.3m | €32.8m | €31.9m | - |
| Non-distributable reserves130/1 | - | - | €186,000 | €186,000 | - |
| Legal reserve130 | - | - | €186,000 | €186,000 | - |
| Tax-exempt reserves132 | - | - | €32.5m | €31.6m | - |
| Distributable reserves133 | - | - | €150,000 | €150,000 | - |
| Profit (loss) carried forward14 | €12.8m | €14.1m | €16.3m | €119.8m | - |
| Investment grants15 | - | - | €5.2m | €4.6m | - |
| Provisions and deferred taxes16 | €1.9m | €1.5m | €1.0m | €709,134 | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | - | - |
| Other liabilities and charges164/5 | - | - | €0 | - | - |
| Deferred taxes168 | - | - | €1.0m | €709,134 | - |
| Amounts payable17/49 | €37.4m | €46.0m | €51.8m | €120.3m | - |
| Amounts payable after more than one year17 | €18.0m | €10.7m | €6.5m | €52.7m | - |
| Financial debts170/4 | - | - | €6.5m | €52.7m | - |
| Leasing and similar obligations172 | - | - | €4.7m | €4.4m | - |
| Credit institutions173 | - | - | €1.8m | €48.3m | - |
| Amounts payable within one year42/48 | €18.9m | €35.1m | €45.2m | €67.5m | - |
| Current portion of amounts payable after more than one year42 | - | - | €5.4m | €1.9m | - |
| Financial debts43 | - | - | €1.6m | €0 | - |
| Credit institutions430/8 | - | - | €1.6m | €0 | - |
| Trade debts44 | €13.6m | €28.4m | €36.2m | €60.5m | - |
| Suppliers440/4 | - | - | €36.2m | €60.5m | - |
| Advances received on contracts in progress46 | - | - | €572,429 | €0 | - |
| Taxes, remuneration and social security45 | - | - | €1.3m | €5.2m | - |
| Taxes450/3 | - | - | €476,887 | €4.2m | - |
| Remuneration and social security454/9 | - | - | €785,111 | €1.0m | - |
| Other amounts payable47/48 | - | - | €116,240 | €0 | - |
| Accrued charges and deferred income492/3 | - | - | €85,708 | €55,618 | - |
| Line | 2019 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €252,659 | €1.7m | €102.5m | - |
| + Depreciation and write-downs630 | €12.6m | €19.2m | €6.6m | €13.2m | - |
| Operating cash flow (approximation) | €13.8m | €19.4m | €8.3m | €115.7m | - |
| Investment in fixed assets (approximation) | - | - | -€4.9m | - | - |
| Change in cash | - | - | -€4.4m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
31-03
Financial
Highest result since 2019net €102.5m ▲5,869%
Operating result €141.1m, net result €102.5m, both a record.
31-03
Financial
Equity above €100mEq €158.1m ▲181%
4 profitable years in a row build equity to €158.1m.
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-05
Financial
Weakest financial yearnet €252,659 ▼78.6%
Net result drops to €252,659, the lowest in the series; recovery starts the following year.
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
15-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 15 days late
2012
21-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Péruwelz · 1 establishment unit since 2001
Ground area
4.0 ha
Building footprint
2.1 ha
Volume, LiDAR
259,327 m³
Parcel 57064C0210/00C000, Wallonia · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Europe(PER) 34, 7600 Péruwelz
since 20012.098.400.307
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064C0210/00C000 | Wallonia | 4.0 ha | 1 · 2.1 ha | 17.6 m · 4 fl. |
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.
Structure & network
Part of the group
LUC & MARC INVEST
3 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdingsChain of control
- LUC & MARC INVEST
- ECOFROST
Highest known parent: LUC & MARC INVEST. The sources do not say who stands above it.
Owners 2
-
66.67%
-
33.33%
Holdings 2
- Ecofrost Peronne SASFRsubsidiarySourceown accounts 31-03-202490%
- ECOFROST PERONNEFRsubsidiarySourceLEI registerconsolidated
According to the annual accounts to 31-03-2024 of ECOFROST 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePéruwelz2.098.400.307
Legal Entity Identifier
549300J1D49PI7EW2672
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Of 75 companies in sector 10311 we hold annual accounts for 57. 6 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
Founded23-08-2001
Fiscal year end31-03
Activities, NACEBEL 2025
10311Manufacture of food products
10312Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475512410
Also
9925:BE0475512410
Registered
21-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.