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FRIGOMIL

Active
KBO/BCE: BE 0442.972.076
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Age35 yrs
Board2
Staff (FTE)54.2
Connections34
Real estate1 parcel · 1.8 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FRIGOMIL is 0.3% (very low). The 2024 annual accounts show equity of €2.47M and a net result of €26k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 40% of 210 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
Long-established
Founded in 1990, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Lower-risk legal form −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€17.40M+3.5%
EBIT margin0.4%-0.1pp
Net result€26k+17.9%
Working capital€2.51M+4.8%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · volledig
€0€5.00M€10.00M€15.00MRevenue 2020: €15.47M€15.47MOperating result 2020: €282k€282kNet result 2020: €994k€994kRevenue 2021: €15.69M€15.69MOperating result 2021: €70k€70kNet result 2021: €37k€37kRevenue 2022: €16.27M€16.27MOperating result 2022: €89k€89kNet result 2022: €45k€45kRevenue 2023: €16.80M€16.80MOperating result 2023: €90k€90kNet result 2023: €22k€22kRevenue 2024: €17.40M€17.40MOperating result 2024: €75k€75kNet result 2024: €26k€26k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±1.9%/year).
€2.00M€2.20M€2.40M€2.60M€2.80M2025: €2.54M (€2.34M - €2.73M)2026: €2.58M (€2.39M - €2.78M)2027: €2.63M (€2.43M - €2.83M)2018: €2.10M2019: €2.14M2020: €2.34M2021: €2.38M2022: €2.42M2023: €2.45M2024: €2.47M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 28 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 31.1% 41.7%
better than 40% of 210 sector peers
Net result €26k €10k
better than 60% of 210 sector peers
Equity €2.47M €71k
better than 90% of 210 sector peers
Staff costs €4.00M €182k
higher than 95% of 97 sector peers
Employees (FTE) 54.2 5.9
better than 95% of 70 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P40
2020: P43 · n=872021: P41 · n=1042022: P43 · n=1532023: P39 · n=1922024: P40 · n=2102020 2024
Stable position over 2020-2024 · n=87-210
Net result P60
2020: P84 · n=872021: P50 · n=1042022: P63 · n=1532023: P48 · n=1922024: P60 · n=2102020 2024
Weakening position over 2020-2024 · n=87-210
Equity P90
2020: P89 · n=872021: P88 · n=1042022: P90 · n=1532023: P90 · n=1922024: P90 · n=2102020 2024
Stable position over 2020-2024 · n=87-210
Staff costs P95
2021: P94 · n=572022: P91 · n=812023: P93 · n=962024: P95 · n=972021 2024
Stable position over 2021-2024 · n=57-97
Describes the position versus peers, not a forecast.
Revenue
€17.40M
+3.5% 18-24
EBITDA
€169k
-17.6% far above sector median
Net profit
€26k
+17.9% far above sector median
Cash flow
€120k
-12.6% far above sector median
Total assets
€7.95M
-2.1% far above sector median
Equity
€2.47M
+1.1% far above sector median
Working capital
€2.51M
+4.8% far above sector median
Employees (FTE)
54
+3.4% +133% vs sector
Staff costs
€4.00M
+5.3% +221% vs sector
Income taxes
€45k
-30.0% far above sector median
Debt
€5.32M
-3.6% far above sector median
Debt ≤ 1y
€5.32M
-3.6% far above sector median
Current ratio
1.47
+2.6% +13% vs sector
Quick ratio
1.31
+4.1% +22% vs sector
Solvency
31.1%
+3.2% +35% vs sector
Debt / equity
2.15
-4.7% -36% vs sector
ROE
1.1%
+16.7% -43% vs sector
ROA
0.3%
+20.4% -23% vs sector
Net margin
0.1%
+13.9% 18-24
EBITDA margin
1.0%
-20.4% 18-24
Interest coverage
22.22
-21.1% +31% vs sector
Figures by fiscal year
Fiscal year2024
Revenue€17.40M
EBITDA€169k
Net profit€26k
Cash flow€120k
Staff costs€4.00M
Income taxes€45k
Dividends-
Total assets€7.95M
Equity€2.47M
Debt€5.32M
of which ≤ 1y€5.32M
of which > 1y-
Working capital€2.51M
Employees (FTE)54.2
Ratios (computed)
2024
Current ratio1.47
Quick ratio1.31
Working capital ratio31.5%
Solvency31.1%
Debt / equity2.15
Long-term debt ratio-
Interest coverage22.22
Gross margin37.9%
Net margin0.1%
ROA0.3%
ROE1.1%
EBITDA margin1.0%
Days sales outstanding135d
Days payable outstanding116d
Inventory turnover12.57
Days inventory (DSI)29d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€7.95M
Fixed assets 21/28€120k
Tangible fixed assets 22/27€116k
Financial fixed assets 28€4k
Current assets 29/58€7.83M
Stocks & contracts in progress 3€860k
Amounts receivable within one year 40/41€6.60M
Cash & bank 54/58€357k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.95M
Equity 10/15€2.47M
Contributions / capital 10/11€250k
Reserves 13€1.10M
Accumulated profits (losses) 14€1.12M
Provisions & deferred taxes 16€155k
Amounts payable 17/49€5.32M
Amounts payable within one year 42/48€5.32M
Trade debts payable within one year 44€3.43M
Income statement
Turnover 70€17.40M
Operating result 9901€75k
Financial income 75€4k
Financial charges 65€8k
Result before taxes 9903€71k
Income taxes 67/77€45k
Net result for the period 9904€26k
Result to be appropriated 9905€26k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
81 / 100 Excellent
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
Current directors & mandates
  • Stefaan VAN MILEGHEM
    Director
    State Gazette act 23008597 (18-01-2023)
    Current
    22-12-2022 → present
    2 events
    • 22-12-2022 Appointed· Director
    • 22-12-2022 Appointed· Managing director
  • Mark VAN MILEGHEM
    Director
    State Gazette act 20101911 (03-09-2020)
    Current
    02-02-2015 → present
    2 events
    • 03-09-2020 Mandate renewed· Director
    • 02-02-2015 Mandate renewed· Director
Former directors (1)
  • Lucien VAN MILEGHEM
    Director
    State Gazette act 20101911 (03-09-2020)
    Former
    02-02-2015 → 22-12-2022
    5 events
    • 22-12-2022 Resigned· Director
    • 03-09-2020 Mandate renewed· Director
    • 03-09-2020 Appointed· Managing director
    • 02-02-2015 Mandate renewed· Director
    • 02-02-2015 Appointed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

3 auditors
Statutory auditor IRE/IBR number Tenure
Moore AuditCurrent
Statutory auditor
 - 13-02-2018 → present
Moore Stephens Audit Burg. CVBA
Statutory auditor · represented by Jan DE BOM VAN DRIESSCHE
succeeded by Moore Audit in 2018
 - 02-02-2015 → 13-02-2018
VANSTREELS, DE BOM VAN DRIESSCHE & C° BVBA
Statutory auditor · represented by E Vanstreels
succeeded by Moore Stephens Audit Burg. CVBA in 2015
 - 03-08-2005 → 02-02-2015
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

indexing
No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik(28250)
Legal form Public limited company(014)
Incorporation12-12-1990
StatusActive
Postal code1861

Structure & network

Connections & network

34 connected companies
Moore Audit, Parent company MAMoore AuditMoore Audit, Shared director, links 33 companies MA Moore AuditATRAC, via Moore Audit AATRACBDO BELGIUM, via Moore Audit BBBDO BELGIUMCaisse de Retraite des Sénateurs, via Moore Audit CDCaisse deRetraite…teursCARROSSERIE VERHOYE, via Moore Audit CVCARROSSERIEVERHOYECOEMAN PACKAGING, via Moore Audit CPCOEMANPACKAGINGConstructief, via Moore Audit CConstructiefDE KRINGLOOPWINKEL DELTAGROEP, via Moore Audit DKDEKRINGLOO…GROEPDOU-BETON FLOORING SYSTEMS, via Moore Audit DFDOU-BETONFLOORING…STEMSElegast, via Moore Audit EElegastEurofins Asbestos Sampling & Testing Belgium, via Moore Audit EAEurofinsAsbestos…lgiumFIJA, via Moore Audit FFIJAFIMAP, via Moore Audit FFIMAPFRIGOMIL FRIGOMIL0442.972.076
Group structureShared directors
Group structure
Moore Audit
Parent · 418 subsidiaries · 9 locations
Control→
Linked via shared directors
ATRAC
viaMoore Audit · Statutory auditor
→
BDO BELGIUM
viaMoore Audit · Statutory auditor
→
CARROSSERIE VERHOYE
viaMoore Audit · Statutory auditor
→
COEMAN PACKAGING
viaMoore Audit · Statutory auditor
→
Constructief
viaMoore Audit · Statutory auditor
→
→
→
Elegast
viaMoore Audit · Statutory auditor
→
FIJA
viaMoore Audit · Statutory auditor
→
FIMAP
viaMoore Audit · Statutory auditor
→
→
GROEP SPORTOASE
viaMoore Audit · Statutory auditor
→
Het Laar
viaMoore Audit · Statutory auditor
→
JULIANN
viaMoore Audit · Statutory auditor
→
→
LIGHTBYLUCIDE
viaMoore Audit · Statutory auditor
→
LUCIDE
viaMoore Audit · Statutory auditor
→
PRIK & TIK
viaMoore Audit · Statutory auditor
→
Q- FOOD
viaMoore Audit · Statutory auditor
→
Q-ENERGY
viaMoore Audit · Statutory auditor
→
SOLFAR
viaMoore Audit · Statutory auditor
→
SPEED 8
viaMoore Audit · Statutory auditor
→
SPORTAVAN ONROEREND GOED
viaMoore Audit · Statutory auditor
→
Sportoase Schiervelde
viaMoore Audit · Statutory auditor
→
Sportoase Ter Heide
viaMoore Audit · Statutory auditor
→
Texel Europe
viaMoore Audit · Statutory auditor
→
Tsedek
viaMoore Audit · Statutory auditor
→
VIVENDO
viaMoore Audit · Statutory auditor
→
HEYTEC
viaMoore Audit · Statutory auditor
former→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location
FRIGOMIL
Driesstraat 160, 1861 Meisede vervaardiging van koeltoonbanken.
since 19912.001.927.768
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.8 ha
Buildings1
Building footprint9,250 m²

Real-estate footprint

Source: CBE × cadastre · address linking

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.
23093F0422/00K002 Flanders 1.8 ha 1 · 9,250 m² -
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.

Analysis

Snowflake analysis

financial profile on 5 axes
Health81Profitability12Solvency60Growth48Stability100
60 / 100

Strong profile, led by stability.

Health 81
Profitability 12
Solvency 60
Growth 48
Stability 100

Ask AI about this company

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van machines en apparaten voor de koeltechniek en de klimaatregeling, voor niet-huishoudelijk gebruik28250Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik28250Vervaardiging van kantoor- en winkelmeubelen31001Vervaardiging van kantoor- en winkelmeubelen31010Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van andere materialen dan metaal36122
Primary activity highlighted.
Names & trade names
Legal nameNL FRIGOMIL
Registered office
Driesstraat 160
1861 Meise, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.