FRIGO-ELEK
ActiveSummary
FRIGO-ELEK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,224 and a net result of €5,556. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+3
Solvency52▲+22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.0 in 2024; short-term debt: 73.5% and cash: 1.9% of total assets), and 73.5% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
3.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
5 d early
2023
253 d late
2022
2 d early
2021
1 d early
2020
1 d early
2019
on the day
← 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 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€43,224▲ 14.7%
2024 · €37,668
Total assets
€162,914▼ 79.4%
2024 · €790,252
Net result
€5,556▼ 87.0%
2024 · €42,651
Working capital
€22,129▲ 4,070%
2024 · €531
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 43, Specialised construction activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100,743▲ 248%€51,806▼ 48.6%€193,468▲ 273%€15,402▼ 92.0%€3,973▼ 74.2%
Net result€85,539above the sector's middle half▲ 148%€51,713above the sector's middle half▼ 39.5%€168,893above the sector's middle half▲ 227%€42,651above the sector's middle half▼ 74.7%€5,556within the sector's middle half▼ 87.0%
Equity€374,412above the sector's middle half▲ 29.6%€426,124above the sector's middle half▲ 13.8%€595,017above the sector's middle half▲ 39.6%€37,668within the sector's middle half▼ 93.7%€43,224below the sector's middle half▲ 14.7%
Total assets€617,467above the sector's middle half▲ 21.2%€661,083above the sector's middle half▲ 7.1%€827,383above the sector's middle half▲ 25.2%€790,252above the sector's middle half▼ 4.5%€162,914below the sector's middle half▼ 79.4%
Debt€243,056▲ 10.1%€234,959▼ 3.3%€232,366▼ 1.1%€752,584▲ 224%€119,690▼ 84.1%
Working capital€355,250above the sector's middle half▲ 32.8%€353,443above the sector's middle half▼ 0.5%€541,107above the sector's middle half▲ 53.1%€531below the sector's middle half▼ 99.9%€22,129within the sector's middle half▲ 4,070%
Solvency60.6%within the sector's middle half▲ 3.9pp64.5%within the sector's middle half▲ 3.8pp71.9%above the sector's middle half▲ 7.5pp4.8%below the sector's middle half▼ 67.1pp26.5%within the sector's middle half▲ 21.8pp
Current ratio2.46within the sector's middle half▲ 0.252.50within the sector's middle half▲ 0.043.33above the sector's middle half▲ 0.821.00below the sector's middle half▼ 2.331.18within the sector's middle half▲ 0.18
Return on assets (ROA)13.9%within the sector's middle half▲ 7.1pp7.8%within the sector's middle half▼ 6.0pp20.4%above the sector's middle half▲ 12.6pp5.4%within the sector's middle half▼ 15.0pp3.4%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,914
Fixed assets
€21,095 ▼ 43.2%
Current assets
€141,819 ▼ 81.2%
Equity and liabilities €162,914
Equity
€43,224 ▲ 14.7%
Debt
€119,690 ▼ 84.1%
Debt's share of the balance-sheet total falls from 95.2% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,641▼
2024 · €32,174
Cash flow
€21,223▼
2024 · €59,423
Quick ratio
1.05▲
2024 · 1.00
Debt to equity
2.77▼
2024 · 19.98
ROE
12.9%▼
2024 · 113.2%
Interest coverage
3.71▲
2024 · -1.34
Debt ≤ 1 year
€119,690▼
2024 · €752,584
Income taxes
€2,367▼
2024 · €15,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,984 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,175 | €15,241 | €21,789 | €16,773 | €15,667 | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €21,329 | - | - | - |
| Other operating charges640/8 | €1,169 | €696 | €1,341 | €1,303 | €1,247 | ▼ 4.2% |
| Gross operating margin9900 | €112,088 | €67,743 | €237,927 | €33,477 | €20,888 | ▼ 37.6% |
| Operating profit (loss)9901 | €100,743 | €51,806 | €193,468 | €15,402 | €3,973 | ▼ 74.2% |
| Financial income75/76B | €18,257 | €19,391 | €16,215 | €19,207 | €9,249 | ▼ 51.8% |
| Recurring financial income75 | €18,257 | €19,391 | €16,215 | €19,207 | €9,249 | ▼ 51.8% |
| Financial charges65/66B | €2,575 | €2,560 | -€20,691 | -€24,012 | €5,299 | ▲ 122% |
| Recurring financial charges65 | €2,575 | €2,560 | -€20,691 | -€24,012 | €5,299 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €116,425 | €68,637 | €230,374 | €58,620 | €7,923 | ▼ 86.5% |
| Income taxes67/77 | €30,886 | €16,924 | €61,481 | €15,969 | €2,367 | ▼ 85.2% |
| Profit (loss) for the period9904 | €85,539 | €51,713 | €168,893 | €42,651 | €5,556 | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €85,539 | €51,713 | €168,893 | €42,651 | €5,556 | ▼ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €617,467 | €661,083 | €827,383 | €790,252 | €162,914 | ▼ 79.4% |
| Fixed assets21/28 | €19,161 | €72,681 | €53,910 | €37,137 | €21,095 | ▼ 43.2% |
| Tangible fixed assets22/27 | €19,161 | €72,681 | €53,535 | €36,762 | €21,095 | ▼ 42.6% |
| Land and buildings22 | €3,394 | €2,366 | €1,338 | €310 | - | - |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €15,767 | €70,315 | €52,196 | €36,452 | €21,095 | ▼ 42.1% |
| Financial fixed assets28 | - | - | €375 | €375 | - | - |
| Current assets29/58 | €598,306 | €588,403 | €773,473 | €753,114 | €141,819 | ▼ 81.2% |
| Stocks and contracts in progress3 | - | - | - | - | €15,831 | - |
| Stocks30/36 | - | - | - | - | €15,831 | - |
| Amounts receivable within one year40/41 | €420,674 | €588,352 | €768,248 | €753,114 | €122,877 | ▼ 83.7% |
| Trade receivables40 | €69,813 | €75,526 | €64,901 | €19,509 | €21,407 | ▲ 9.7% |
| Other amounts receivable41 | €350,861 | €512,826 | €703,347 | €733,605 | €101,470 | ▼ 86.2% |
| Cash at bank and in hand54/58 | €177,632 | €50 | €5,225 | - | €3,111 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €617,467 | €661,083 | €827,383 | €790,252 | €162,914 | ▼ 79.4% |
| Equity10/15 | €374,412 | €426,124 | €595,017 | €37,668 | €43,224 | ▲ 14.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €355,820 | €407,532 | €576,425 | €19,076 | €24,632 | ▲ 29.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €353,960 | €405,673 | €574,566 | €17,217 | €22,773 | ▲ 32.3% |
| Amounts payable17/49 | €243,056 | €234,959 | €232,366 | €752,584 | €119,690 | ▼ 84.1% |
| Amounts payable within one year42/48 | €243,056 | €234,959 | €232,366 | €752,584 | €119,690 | ▼ 84.1% |
| Financial debts43 | - | €16,297 | - | €7,051 | - | - |
| Credit institutions430/8 | - | €16,297 | - | €7,051 | - | - |
| Trade debts44 | €116,622 | €124,966 | €81,340 | €68,082 | €41,449 | ▼ 39.1% |
| Suppliers440/4 | €116,622 | €124,966 | €81,340 | €68,082 | €41,449 | ▼ 39.1% |
| Taxes, remuneration and social security45 | €30,990 | €21,345 | €61,481 | €77,451 | €2,367 | ▼ 96.9% |
| Taxes450/3 | €30,990 | €21,345 | €61,481 | €77,451 | €2,367 | ▼ 96.9% |
| Other amounts payable47/48 | €95,443 | €72,352 | €89,544 | €600,000 | €75,874 | ▼ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,539 | €51,713 | €168,893 | €42,651 | €5,556 | ▼ 87.0% |
| + Depreciation and write-downs630 | €10,175 | €15,241 | €21,789 | €16,773 | €15,667 | ▼ 6.6% |
| Operating cash flow (approximation) | €95,714 | €66,953 | €190,682 | €59,423 | €21,223 | ▼ 64.3% |
| Investment in fixed assets (approximation) | - | -€68,760 | -€3,018 | €0 | €375 | - |
| Change in cash | - | -€177,581 | €5,175 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €5,556 ▼87%
Net result drops to €5,556, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 253 days late
2023
30-09
Financial
Highest result since 2019net €168,893 ▲227%
Operating result €193,468, net result €168,893, both a record.
30-09
Financial
Equity above €500,000Eq €595,017 ▲39.6%
5 profitable years in a row build equity to €595,017.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 1 establishment unit since 2001
Ground area
953 m²
Building footprint
333 m²
Volume, LiDAR
1,694 m³
Parcel 71362B1451/00G004, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
FRIGO ELEK
since 20012.097.742.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1451/00G004 | Flanders | 953 m² | 1 · 333 m² | 8.3 m · 2 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
Owners and holdings
1 ownerChain of control
- DE WIT CONSULTING AND EQUIPMENT
- FRIGO-ELEK
Highest known parent: DE WIT CONSULTING AND EQUIPMENT. The sources do not say who stands above it.
Owners 1
-
99.46%
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
No current directors or connected companies found in the register.
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Of 9,531 companies in this sector we hold annual accounts for 5,666. 4,411 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded07-07-2000
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
47540Retail sale of electrical household appliances
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472327147
Also
9925:BE0472327147
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.