Active BE 0402.773.001Public limited companyOpen bankruptcy

Eurofrost

Izegemsestraat(Heu) 412 ·8501 Kortrijk, Belgium· 58 yrs active

Sector: Opslag (52100)

Conclusion Checked

A bankruptcy procedure is open for Eurofrost according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €258k and a net result of €-1.91M.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€258k
Net result	€-1.91M
Staff (FTE)	62
Active	58 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

13 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 17

Solvency 36

Growth -

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2018 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 24-07-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	€7.88M
EBITDA	€798k
Net profit	€-1.91M
Cash flow	€-1.41M
Staff costs	-
Income taxes	€220
Dividends	-
Total assets	€6.99M
Equity	€258k
Debt	€6.73M
of which ≤ 1y	€6.46M
of which > 1y	€82k
Working capital	€-5.01M
Employees (FTE)	62.0

Ratios (computed)

	2018
Current ratio	0.22
Quick ratio	0.22
Working capital ratio	-71.7%
Solvency	3.7%
Debt / equity	0.32
Long-term debt ratio	0.32
Interest coverage	10.48
Gross margin	-
Net margin	-24.3%
ROA	-27.4%
ROE	-741.7%
EBITDA margin	10.1%
Days sales outstanding	66d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €5.54M · 79.2% Current assets €1.45M · 20.8%

Equity & liabilities

Equity €258k · 3.7% Provisions €5k · 0.1% Debt €6.73M · 96.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€6.99M
Fixed assets	21/28	€5.54M
Intangible fixed assets	21	€710k
Tangible fixed assets	22/27	€4.81M
Financial fixed assets	28	€15k
Current assets	29/58	€1.45M
Amounts receivable within one year	40/41	€1.43M
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€6.99M
Equity	10/15	€258k
Contributions / capital	10/11	€408k
Reserves	13	€446k
Accumulated profits (losses)	14	€-1.91M
Provisions & deferred taxes	16	€5k
Amounts payable	17/49	€6.73M
Amounts payable after one year	17	€82k
Amounts payable within one year	42/48	€6.46M
Trade debts payable within one year	44	€1.79M
Income statement
Turnover	70	€7.88M
Operating result	9901	€296k
Financial charges	65	€257k
Result before taxes	9903	€39k
Income taxes	67/77	€220
Net result for the period	9904	€38k
Result to be appropriated	9905	€38k

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	Laurence MONTAGNE President Rooseveltplein 5 B2, 8500 KORTRIJK ↔ Also on 54 other cases	05-01-2021 → present	Belgian State Gazette
Curator	ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORTRIJK-	05-01-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Opslag(52100)
Legal form	Public limited company(014)
Incorporation	01-01-1968
Status	Active
Postal code	8501
First BS signal	13-01-2021
Latest BS signal	13-01-2021

Establishment units 1 location

Izegemsestraat(Heu) 412, 8501 Kortrijk

Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild

since 19642.003.399.495

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34016B0531/00N000	Flanders	3.6 ha	1 · 1.9 ha	19.9 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

13-01-2021

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · EUROFROST NV IZEGEMSE- STRAAT 412, 8501 KORTRIJK · event 05-01-2021

2019

24-07-2019