FRIGOLIATH
ActiveFRIGOLIATH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €-8k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-60
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 54.25 against 16.15 in 2024; short-term debt: 1.5% and cash: 7.5% of total assets), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.5%
Return on assets
-15.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
2 d late
2022
10 d late
2021
29 d late
2020
2 d late
2019
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€93k▼ 25.5%
2019 · €125k
2018: €242k
2019: €125k
2018 → 2020
EBIT margin
1.8%▲ 1.0pp
2019 · 0.8%
2018: 4.9%
2019: 0.8%
2018 → 2020
Net result
€-8k▼ 87.2%
2024 · €-4k
2018: €9k
2019: €179
2020: €1k
2021: €403
2022: €-16k
2023: €-3k
2024: €-4k
2018 → 2025
Working capital
€41k▼ 6.3%
2024 · €44k
2018: €75k
2019: €78k
2020: €80k
2021: €76k
2022: €45k
2023: €42k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€66k▼ 19.5%€63k▼ 4.7%€59k▼ 6.9%€51k▼ 13.9%
Operating result€648-€-16k€-3k▲ 81.7%€-4k▼ 54.1%€-8k▼ 86.3%
Net result€403-€-16k€-3k▲ 80.7%€-4k▼ 40.2%€-8k▼ 87.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€9k▼ 36.3%
Current assets
€42k▼ 10.5%
Equity and liabilities €51k
Equity
€51k▼ 13.9%
Debt
€772▼ 73.4%
The debt ratio falls from 4.7% to 1.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €2k
Cash flow
€-2k▼
2024 · €2k
Solvency
98.5%▲
2024 · 95.3%
Current ratio
54.25▲
2024 · 16.15
Quick ratio
15.95▲
2024 · 4.22
Debt / equity
0.02▼
2024 · 0.05
ROE
-16.1%▼
2024 · -7.4%
ROA
-15.9%▼
2024 · -7.1%
Interest coverage
-14.25▼
2024 · 10.33
Debt
€772▼
2024 · €3k
Debt ≤ 1 year
€772▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€51k▼
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€15k€9k▼
Plant, machinery and equipment23€14k€8k▼
Furniture and vehicles24€1k€1k▲
Financial fixed assets28€41€41=
Current assets29/58€47k€42k▼
Stocks and contracts in progress3€35k€30k▼
Stocks30/36€35k€30k▼
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€589€448▼
Equity and liabilities
Total equity and liabilities10/49€62k€51k▼
Equity10/15€59k€51k▼
Contributions10/11€23k€23k=
Reserves13€23k€23k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€13k€5k▼
Amounts payable17/49€3k€772▼
Amounts payable within one year42/48€3k€772▼
Current portion of amounts payable after more than one year42€482-
Trade debts44€2k€772▼
Suppliers440/4€2k€772▼
Bills of exchange payable441€357-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€560€723▲
Gross operating margin9900€2k€-1k▼
Operating profit (loss)9901€-4k€-8k▼
Financial income75/76B€284€294▲
Recurring financial income75€284€294▲
Financial charges65/66B€185€150▼
Recurring financial charges65€185€150▼
Profit (loss) for the period before taxes9903€-4k€-8k▼
Profit (loss) for the period9904€-4k€-8k▼
Profit (loss) for the period to be appropriated9905€-4k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€5k▼
Profit (loss) brought forward from the previous period14P€17k€13k▼
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 54.25
Current ratio from 16.15 to 54.25; short-term debt falls from €3k to €772.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet €-16k ▼4087%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ath · 1 establishment unit since 2000
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.
Rue du Moulin à Eau(M.E) 37822 AthGround area
1,460 m²
Building footprint
157 m²
Volume, LiDAR
774 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRIGOLIATH
since 20002.096.633.818
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51042B0205/00L000 | Wallonia | 1,388 m² | 1 · 111 m² | 8.4 m · 2 fl. |
| 51004C0288/00E003 | Wallonia | 72 m² | 1 · 47 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
8 categoriesFRIGOLIATH SRL32026
Similar companies · same sector, comparable size
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Beerten
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FRIYAC
BE 0897.345.317
Sint-Joost-ten-Node · Eq €50k
InVITe
BE 0877.813.475
Bornem · Eq €51k
ELECTRO POLLET
BE 0446.672.924
Kortenaken · Eq €52k
Of 1,510 companies in sector 47540 we hold annual accounts for 805. 565 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2000
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
46431Wholesale of electrical household appliances and audio-video equipment
52720
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.