FLANDERS COLD CENTER
ActiveSummary
FLANDERS COLD CENTER has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.9m and a net result of €1.3m. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 83% of 947 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-3
Solvency100▲+1
Growth64=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 3.16 against 2.67 in 2023; short-term debt: 23.4% and cash: 63.6% of total assets), and 24.3% of the assets are financed with debt.
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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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
75.7%
Return on assets
14.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
40 d early
2022
40 d early
2021
80 d late
2020
51 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€3.6m▼ 10.8%
2022 · €4.1m
EBIT margin
34.4%▲ 16.2pp
2022 · 18.2%
Net result
€1.3m▲ 22.8%
2023 · €1.1m
Working capital
€4.6m▲ 28.5%
2023 · €3.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.4m▼ 3.6%€4.0m▲ 16.7%€4.1m▲ 3.3%€3.6m▼ 10.8%
Operating result€1.3m▲ 1.4%€1.3m▲ 4.7%€743,041▼ 44.2%€1.3m▲ 68.5%€1.6m▲ 27.5%
Net result€1.1mabove the sector's middle half▼ 6.7%€999,273above the sector's middle half▼ 12.8%€575,998within the sector's middle half▼ 42.4%€1.1mabove the sector's middle half▲ 88.6%€1.3mabove the sector's middle half▲ 22.8%
EBIT margin37.5%▲ 1.9pp33.7%▼ 3.9pp18.2%▼ 15.5pp34.4%▲ 16.2pp
Equity€5.4mwithin the sector's middle half▲ 9.0%€5.4mwithin the sector's middle half▼ 0.2%€5.5mwithin the sector's middle half▲ 1.4%€6.2mwithin the sector's middle half▲ 14.1%€6.9mabove the sector's middle half▲ 10.7%
Total assets€7.9mwithin the sector's middle half▼ 30.8%€8.5mwithin the sector's middle half▲ 8.1%€7.9mwithin the sector's middle half▼ 7.7%€8.5mwithin the sector's middle half▲ 7.7%€9.1mabove the sector's middle half▲ 8.0%
Debt€2.5m▼ 61.6%€3.1m▲ 26.3%€2.4m▼ 23.4%€2.2m▼ 7.0%€2.2m▲ 0.2%
Working capital€2.7mabove the sector's middle half€3.0mabove the sector's middle half▲ 11.0%€2.6mabove the sector's middle half▼ 14.6%€3.6mabove the sector's middle half▲ 38.7%€4.6mabove the sector's middle half▲ 28.5%
Solvency68.8%above the sector's middle half▲ 25.1pp63.5%above the sector's middle half▼ 5.3pp69.7%above the sector's middle half▲ 6.2pp73.8%above the sector's middle half▲ 4.1pp75.7%above the sector's middle half▲ 1.9pp
Current ratio2.15above the sector's middle half▲ 1.952.01within the sector's middle half▼ 0.142.16above the sector's middle half▲ 0.152.67above the sector's middle half▲ 0.513.16above the sector's middle half▲ 0.50
Return on assets (ROA)14.6%above the sector's middle half▲ 3.8pp11.7%above the sector's middle half▼ 2.8pp7.3%within the sector's middle half▼ 4.4pp12.8%above the sector's middle half▲ 5.5pp14.6%above the sector's middle half▲ 1.8pp
Staff (FTE)5.3below the sector's middle half=6.5below the sector's middle half▲ 22.6%6.8below the sector's middle half▲ 4.6%7within the sector's middle half▲ 2.9%6.6within the sector's middle half▼ 5.7%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.1m
Fixed assets
€2.4m ▼ 12.2%
Current assets
€6.8m ▲ 17.5%
Equity and liabilities €9.1m
Equity
€6.9m ▲ 10.7%
Debt
€2.2m ▲ 0.2%
Debt's share of the balance-sheet total falls from 26.2% to 24.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.1m▲
2023 · €1.7m
Cash flow
€1.8m▲
2023 · €1.5m
Debt to equity
0.32▼
2023 · 0.35
ROE
19.3%▲
2023 · 17.4%
Interest coverage
7229.01▼
2023 · 17147.22
Debt ≤ 1 year
€2.1m▼
2023 · €2.2m
Income taxes
€446,110▲
2023 · €331,958
Staff costs
€369,759▼
2023 · €405,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €7.0m | €7.2m | €6.7m | - | - |
| Turnover70 | €3.4m | €4.0m | €4.1m | €3.6m | - | - |
| Other operating income74 | - | €3.0m | €3.1m | €3.0m | - | - |
| Non-recurring operating income76A | - | €1,173 | - | - | - | - |
| Operating charges60/66A | - | €5.6m | €6.5m | €5.4m | - | - |
| Goods for resale, raw materials and consumables60 | - | €2,626 | - | - | - | - |
| Purchases600/8 | - | €2,626 | - | - | - | - |
| Services and other goods61 | - | €4.4m | €5.1m | €4.4m | - | - |
| Remuneration, social security and pensions62 | - | €367,727 | €382,620 | €405,338 | €369,759 | ▼ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €673,075 | €718,594 | €791,568 | €462,726 | €468,664 | ▲ 1.3% |
| Other operating charges640/8 | - | €175,526 | €168,671 | €184,471 | €199,178 | ▲ 8.0% |
| Non-recurring operating charges66A | - | - | €75,000 | - | - | - |
| Gross operating margin9900 | - | - | - | - | €2.6m | - |
| Operating profit (loss)9901 | €1.3m | €1.3m | €743,041 | €1.3m | €1.6m | ▲ 27.5% |
| Financial income75/76B | - | €4,487 | €16,070 | €166,588 | €184,526 | ▲ 10.8% |
| Recurring financial income75 | €3,319 | €4,487 | €16,070 | €166,588 | €184,526 | ▲ 10.8% |
| Income from current assets751 | - | €4,487 | €16,070 | €142,004 | - | - |
| Other financial income752/9 | - | - | €0 | €24,584 | - | - |
| Financial charges65/66B | - | €368 | €388 | €349 | €286 | ▼ 18.1% |
| Recurring financial charges65 | €13,756 | €368 | €388 | €349 | €286 | ▼ 18.1% |
| Debt charges650 | €13,565 | €50 | €100 | €100 | - | - |
| Other financial charges652/9 | - | €318 | €288 | €249 | - | - |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.3m | €758,722 | €1.4m | €1.8m | ▲ 25.5% |
| Income taxes67/77 | €317,473 | €335,406 | €182,725 | €331,958 | €446,110 | ▲ 34.4% |
| Taxes670/3 | - | €345,000 | €200,000 | €355,000 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €9,594 | €17,275 | €23,042 | - | - |
| Profit (loss) for the period9904 | €1.1m | €999,273 | €575,998 | €1.1m | €1.3m | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €999,273 | €575,998 | €1.1m | €1.3m | ▲ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €8.5m | €7.9m | €8.5m | €9.1m | ▲ 8.0% |
| Fixed assets21/28 | €2.8m | €2.5m | €3.0m | €2.7m | €2.4m | ▼ 12.2% |
| Intangible fixed assets21 | €7,066 | €2,581 | €1,081 | - | - | - |
| Tangible fixed assets22/27 | €2.8m | €2.5m | €3.0m | €2.7m | €2.4m | ▼ 12.2% |
| Land and buildings22 | - | €2.3m | €2.9m | €2.5m | €2.0m | ▼ 17.2% |
| Plant, machinery and equipment23 | - | €93,427 | €147,354 | €248,857 | €343,726 | ▲ 38.1% |
| Furniture and vehicles24 | - | €18,322 | €9,244 | €5,545 | €1,835 | ▼ 66.9% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Other financial fixed assets284/8 | - | €1,000 | €1,000 | €1,000 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €1,000 | €1,000 | €1,000 | - | - |
| Current assets29/58 | €5.1m | €6.0m | €4.8m | €5.8m | €6.8m | ▲ 17.5% |
| Amounts receivable within one year40/41 | €947,947 | €1.1m | €1.1m | €1.1m | €918,204 | ▼ 15.3% |
| Trade receivables40 | - | €1.1m | €949,151 | €1.1m | €913,379 | ▼ 15.2% |
| Other amounts receivable41 | - | €62,446 | €140,344 | €6,570 | €4,825 | ▼ 26.6% |
| Cash at bank and in hand54/58 | €3.9m | €4.8m | €3.7m | €4.6m | €5.8m | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | €129,869 | €38,044 | €46,322 | €33,007 | ▼ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €8.5m | €7.9m | €8.5m | €9.1m | ▲ 8.0% |
| Equity10/15 | €5.4m | €5.4m | €5.5m | €6.2m | €6.9m | ▲ 10.7% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €156,236 | €156,236 | €156,236 | €156,236 | €156,236 | = |
| Non-distributable reserves130/1 | - | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Legal reserve130 | - | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Tax-exempt reserves132 | - | €1,236 | €1,236 | €1,236 | €1,236 | = |
| Profit (loss) carried forward14 | €3.7m | €3.7m | €3.8m | €4.4m | €5.0m | ▲ 15.7% |
| Investment grants15 | - | - | - | €183,364 | €169,464 | ▼ 7.6% |
| Amounts payable17/49 | €2.5m | €3.1m | €2.4m | €2.2m | €2.2m | ▲ 0.2% |
| Amounts payable within one year42/48 | €2.4m | €3.0m | €2.2m | €2.2m | €2.1m | ▼ 1.0% |
| Trade debts44 | €1.6m | €1.9m | €1.7m | €1.6m | €1.3m | ▼ 20.4% |
| Suppliers440/4 | - | €1.9m | €1.7m | €1.6m | €1.3m | ▼ 20.4% |
| Taxes, remuneration and social security45 | - | €54,089 | €54,507 | €80,138 | €231,660 | ▲ 189% |
| Taxes450/3 | - | €3,431 | €8,010 | €26,451 | €185,903 | ▲ 603% |
| Remuneration and social security454/9 | - | €50,658 | €46,497 | €53,687 | €45,757 | ▼ 14.8% |
| Other amounts payable47/48 | - | €1.0m | €500,060 | €500,060 | €650,035 | ▲ 30.0% |
| Accrued charges and deferred income492/3 | - | €97,521 | €137,258 | €55,871 | €81,301 | ▲ 45.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €999,273 | €575,998 | €1.1m | €1.3m | ▲ 22.8% |
| + Depreciation and write-downs630 | €673,075 | €718,594 | €791,568 | €462,726 | €468,664 | ▲ 1.3% |
| Operating cash flow (approximation) | €1.8m | €1.7m | €1.4m | €1.5m | €1.8m | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | -€419,930 | -€1.3m | -€147,012 | -€138,000 | ▲ 6.1% |
| Change in cash | - | €831,323 | -€1.1m | €916,555 | €1.2m | ▲ 29.2% |
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
2026
13-07
State Gazette act
Permanent representative: Jan AdamAppointments: Philippe Van de Vyvere, Eugène Vanfleteren and 2 others8 facts ▸
State Gazette act
Permanent representative: Jan Adam
Appointments: Philippe Van de Vyvere, Eugène Vanfleteren and 2 others8 facts ▸
- General meeting, 27-05-2026
- Permanent representative, Jan Adam (permanent representative)
- Director appointment, Philippe Van de Vyvere (director)
- Director appointment, Eugène Vanfleteren (director)
- Director appointment, NV PORTINVEST (director)
- Director appointment, Erik Loontjens (director)
- Other statement, alle bestuurders, officer resignation
- Other statement, 2 jaar, alle bestuurders
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.3m ▲22.8%
Operating result €1.6m, net result €1.3m, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €575,998 ▼42.4%
Net result drops to €575,998, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 80 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 11current ratio 2.15
Current ratio from 0.20 to 2.15; short-term debt falls from €6.3m to €2.4m.
31-12
Financial
Equity above €5mEq €5.4m ▲9%
3 profitable years in a row build equity to €5.4m.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26089848). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Erik Loontjens
CurrentDirector · since 27-05-2026
Eugène Vanfleteren
CurrentDirector · since 27-05-2026
nv PORTINVEST
CurrentDirector · since 27-05-2026 · Legal entity · perm. rep.: Jan Adam
Philippe Van de Vyvere
CurrentDirector · since 27-05-2026
Permanent representatives 1
Jan Adam
CurrentPermanent representative · since 27-05-2026 · for nv PORTINVEST
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
15 of this company's 16 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 1994
Ground area
4,151 m²
Building footprint
460 m²
Volume, LiDAR
7,130 m³
Parcel 44813B0016/00B006, Flanders · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
2 establishment units
Skaldenstraat 1, 9042 Gent
since 19942.066.558.769
VSA-kaai, 8380 Brugge
since 19942.066.558.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0016/00B006 | Flanders | 4,151 m² | 1 · 460 m² | 18.9 m · 6 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.
Mandate history
4 people since 2026, 4 in office
- Board
| Name | Functions and periods |
|---|---|
| Erik Loontjens |
|
| Eugène Vanfleteren |
|
| nv PORTINVEST |
|
| Philippe Van de Vyvere |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
13.82%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.066.558.670
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Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1994
Fiscal year end31-12
Abbreviation NL
F.C.C.
Activities, NACEBEL 2025
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452346830
Also
9925:BE0452346830
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.