FRIGOLAND
ActiveSummary
FRIGOLAND has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €494k and a net result of €10k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▲+23
Solvency80=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 2.23 in 2023; short-term debt: 10.9% and cash: 14.4% of total assets), and 44.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
2025
not confirmed
2024
70 d late
2023
1 d early
2022
30 d late
2021
29 d late
2020
18 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€0▼ 100%
2019 · €79k
2019: €79k
2019 → 2021
EBIT margin
9.1%
Net result
€10k
2023 · €-18k
2018: €365k
2019: €-8k
2020: €59k
2021: €23k
2022: €18k
2023: €-18k
2018 → 2024
Working capital
€147k▲ 41.8%
2023 · €104k
2018: €536k
2019: €118k
2020: €161k
2021: €114k
2022: €134k
2023: €104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€462k-€485k▲ 5.0%€502k▲ 3.6%€484k▼ 3.6%€494k▲ 2.0%
Operating result€71k-€37k▼ 47.5%€32k▼ 13.6%€-5k€22k
Net result€59k-€23k▼ 61.2%€18k▼ 23.0%€-18k€10k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €22k after a loss of €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €893k
Fixed assets
€649k ▼ 7.3%
Current assets
€244k ▲ 29.9%
Equity and liabilities €893k
Equity
€494k ▲ 2.0%
Provisions
€231k ▼ 3.7%
Debt
€168k ▲ 2.7%
Debt's share of the balance-sheet total rises from 18.5% to 18.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▲
2023 · €47k
Cash flow
€64k▲
2023 · €34k
Current ratio
2.51▲
2023 · 2.23
Quick ratio
2.46▲
2023 · 2.17
Debt to equity
0.34▲
2023 · 0.34
ROE
1.9%▲
2023 · -3.7%
ROA
1.1%▲
2023 · -2.0%
Interest coverage
5.69▲
2023 · 3.31
Debt ≤ 1 year
€97k▲
2023 · €84k
Debt > 1 year
€71k▼
2023 · €79k
Income taxes
€561▲
2023 · €352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€888k€893k▲
Fixed assets21/28€701k€649k▼
Tangible fixed assets22/27€669k€617k▼
Land and buildings22€590k€566k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€79k€51k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€32k€32k=
Current assets29/58€188k€244k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€127k€110k▼
Trade receivables40€28k€23k▼
Other amounts receivable41€98k€87k▼
Cash at bank and in hand54/58€54k€128k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€888k€893k▲
Equity10/15€484k€494k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€105k€100k▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€95k€90k▼
Profit (loss) carried forward14€279k€294k▲
Provisions and deferred taxes16€240k€231k▼
Provisions for liabilities and charges160/5€196k€188k▼
Environmental obligations163€196k€188k▼
Deferred taxes168€44k€43k▼
Amounts payable17/49€164k€168k▲
Amounts payable after more than one year17€79k€71k▼
Financial debts170/4€79k€71k▼
Amounts payable within one year42/48€84k€97k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€14k€12k▼
Suppliers440/4€14k€12k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€61k€72k▲
Accrued charges and deferred income492/3€808€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€54k▲
Other operating charges640/8€7k€5k▼
Non-recurring operating charges66A€26k€37k▲
Gross operating margin9900€80k€117k▲
Operating profit (loss)9901€-5k€22k▲
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€-19k€9k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€352€561▲
Profit (loss) for the period9904€-18k€10k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€-13k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€279k€294k▲
Profit (loss) brought forward from the previous period14P€292k€279k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €502k ▲3.6%
3 profitable years in a row build equity to €502k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 54 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Eupen · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Knippweg 284700 Eupen1 establishment unit
Parc Ind. des Hauts Sarts, 1e av S/N, 4040 Herstal
since 19962.063.388.849
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 34,749 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filings
Scores and ratios are computed by Checked and are not a credit decision.