FRIGOMIL
ActiveSummary
FRIGOMIL has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €45,664. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 33% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28250Manufacture of furniture NACE 31001
Largest company by total assets in Meise, Manufacturing sector1 site
Size
€20.2mturnover 2025
- Staff
- 55.2 FTE
- Equity
- €2.5m
- Profit
- €45,664
Structure
- Parent
- FIMKO NV
- Stefaan VAN MILEGHEMManaging director
Auditor: Moore Audit2025 accounts 24 days early3 of 10 deeds summarised
Why 82raises riskLiquidity: current ratio 1.43, cash €175,766, halvedSize: turnover €20.2m, 55.2 FTE, total assets €8.6mSector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)lowers riskFounded in 1990Show the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 38% of its sector peers (NACE 28, medium-sized)
Financial strength · tick = 2024
Weak
Solvency
54-2
equity 29.4% of total assets
Liquidity
16-4
short-term debt 68.4% · cash 2.1%
Profitability
54=
return on assets 0.5%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● unchanged vs 11-2024
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026lowest value
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 1.47 in 2024, below the usual 1.5; short-term debt: 68.4% and cash: 2.1% of total assets), and 70.6% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, medium-sized): better than 41% on solvency, 11% on liquidity, 38% on profitability and 64% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
15 days early
2023
20 days early
2022
59 days late
2021
19 days early
2020
30 days late
2019
7 days late
← 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 3 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Appointment: BV Moore Audit (statutory auditor)Permanent representatives: Jan de Born…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
In the rankings
#1 company by total assets in Meise, Manufacturing sector#3 company by equity in Meise, Manufacturing sector#5 oldest company in Meise, Manufacturing sector
Turnover
€20.2m▲ 16.4%
2024 · €17.4m
EBIT margin
0.5%▲ 0.1pp
2024 · 0.4%
Net result
€45,664▲ 75.2%
2024 · €26,061
Working capital
€2.5m▲ 0.6%
2024 · €2.5m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 48% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€20.2m
2025
Operating result€0.1m
2025
Net result€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.6m
2025
Equity€2.5m
2025
Debt€5.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.5%
2025
Return on assets (ROA)0.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency29.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.43
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)55.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€16.0m-€16.6m▲ 3.7%€15.5m▼ 6.8%€15.7m▲ 1.5%€16.3m▲ 3.7%€16.8m▲ 3.3%€17.4m▲ 3.5%€20.2m▲ 16.4%
Operating result€0.06m-€0.1m▲ 77.7%€0.3m▲ 183%€0.07m▼ 75.3%€0.09m▲ 27.2%€0.09m▲ 1.3%€0.08m▼ 16.6%€0.1m▲ 48.1%
Net result€0.03m-€0.05m▲ 37.7%€0.2mwithin the sector's middle half▲ 394%€0.04mwithin the sector's middle half▼ 83.9%€0.05mwithin the sector's middle half▲ 23.9%€0.02mwithin the sector's middle half▼ 51.2%€0.03mwithin the sector's middle half▲ 17.9%€0.05mwithin the sector's middle half▲ 75.2%
EBIT margin0.4%-0.6%▲ 0.3pp1.8%▲ 1.2pp0.4%▼ 1.4pp0.5%▲ 0.1pp0.5%=0.4%▼ 0.1pp0.5%▲ 0.1pp
Equity€2.1m-€2.1m▲ 2.2%€2.3mwithin the sector's middle half▲ 9.3%€2.4mwithin the sector's middle half▲ 1.6%€2.4mwithin the sector's middle half▲ 1.9%€2.4mwithin the sector's middle half▲ 0.9%€2.5mwithin the sector's middle half▲ 1.1%€2.5mwithin the sector's middle half▲ 1.8%
Total assets€6.2m-€7.1m▲ 13.9%€8.1mwithin the sector's middle half▲ 14.4%€8.1mwithin the sector's middle half▲ 0.4%€8.9mwithin the sector's middle half▲ 9.5%€8.1mwithin the sector's middle half▼ 8.5%€8.0mwithin the sector's middle half▼ 2.1%€8.6mwithin the sector's middle half▲ 7.6%
Debt€3.6m-€4.5m▲ 24.2%€5.5m▲ 23.9%€5.6m▲ 0.8%€6.3m▲ 13.0%€5.5m▼ 12.4%€5.3m▼ 3.6%€5.9m▲ 10.0%
Working capital€2.4m-€2.4m▲ 1.3%€2.3mwithin the sector's middle half▼ 4.9%€2.4mwithin the sector's middle half▲ 3.4%€2.3mwithin the sector's middle half▼ 2.5%€2.4mwithin the sector's middle half▲ 3.4%€2.5mwithin the sector's middle half▲ 4.8%€2.5mwithin the sector's middle half▲ 0.6%
Solvency33.8%-30.4%▼ 3.5pp29.0%within the sector's middle half▼ 1.4pp29.3%within the sector's middle half▲ 0.3pp27.3%within the sector's middle half▼ 2.0pp30.1%within the sector's middle half▲ 2.8pp31.1%within the sector's middle half▲ 1.0pp29.4%within the sector's middle half▼ 1.7pp
Current ratio1.66-1.54▼ 0.121.41within the sector's middle half▼ 0.131.43within the sector's middle half▲ 0.011.37within the sector's middle half▼ 0.061.43within the sector's middle half▲ 0.071.47within the sector's middle half▲ 0.041.43within the sector's middle half▼ 0.04
Return on assets (ROA)0.5%-0.7%▲ 0.1pp2.8%within the sector's middle half▲ 2.2pp0.5%below the sector's middle half▼ 2.4pp0.5%below the sector's middle half▲ 0.1pp0.3%below the sector's middle half▼ 0.2pp0.3%within the sector's middle half▲ 0.1pp0.5%within the sector's middle half▲ 0.2pp
Staff (FTE)63.4-55.8▼ 12.0%51.5within the sector's middle half▼ 7.7%51.7within the sector's middle half▲ 0.4%52.7within the sector's middle half▲ 1.9%52.4within the sector's middle half▼ 0.6%54.2within the sector's middle half▲ 3.4%55.2within the sector's middle half▲ 1.8%
above
within
below
the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.6m
Fixed assets
€180,578 ▲ 50.7%
Current assets
€8.4m ▲ 7.0%
Equity and liabilities €8.6m
Equity
€2.5m ▲ 1.8%
Provisions
€184,443 ▲ 19.0%
Debt
€5.9m ▲ 10.0%
Debt's share of the balance-sheet total rises from 67.0% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195,281▲
2024 · €169,479
Cash flow
€129,732▲
2024 · €120,470
Quick ratio
1.30▼
2024 · 1.31
Debt to equity
2.33▲
2024 · 2.15
ROE
1.8%▲
2024 · 1.1%
Interest coverage
16.52▼
2024 · 22.22
Debt ≤ 1 year
€5.9m▲
2024 · €5.3m
Income taxes
€56,695▲
2024 · €45,050
Staff costs
€4.3m▲
2024 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
1.4%
stopped otherwise
97.4%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 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% | 0.9% |
| 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 74.5% 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 733 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €15.8m | €16.4m | €16.9m | €17.5m | €20.4m | ▲ 16.1% |
| Turnover70 | €16.0m | €16.6m | €15.5m | €15.7m | €16.3m | €16.8m | €17.4m | €20.2m | ▲ 16.4% |
| Other operating income74 | - | - | - | €0.08m | €0.2m | €0.08m | €0.1m | €0.1m | ▼ 18.9% |
| Operating charges60/66A | - | - | - | €15.7m | €16.3m | €16.8m | €17.5m | €20.2m | ▲ 16.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €10.1m | €10.3m | €10.3m | €10.8m | €12.0m | ▲ 11.0% |
| Purchases600/8 | - | - | - | €10.1m | €10.4m | €10.3m | €10.7m | €11.9m | ▲ 11.1% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.02m | -€0.03m | -€0.003m | €0.1m | €0.1m | ▼ 2.8% |
| Services and other goods61 | - | - | - | €2.3m | €2.5m | €2.7m | €2.6m | €3.3m | ▲ 30.3% |
| Remuneration, social security and pensions62 | - | - | - | €3.2m | €3.4m | €3.8m | €4.0m | €4.3m | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.09m | €0.09m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.06m | -€0.04m | -€0.1m | -€0.03m | -€0.03m | ▼ 11.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.05m | -€0.003m | €0.001m | €0.007m | €0.03m | ▲ 291% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.5m | ▲ 37× |
| Operating profit (loss)9901 | €0.06m | €0.1m | €0.3m | €0.07m | €0.09m | €0.09m | €0.08m | €0.1m | ▲ 48.1% |
| Financial income75/76B | - | - | - | €0.005m | €0.002m | €0.004m | €0.004m | €0.003m | ▼ 19.0% |
| Recurring financial income75 | €0.003m | €0.002m | €0.002m | €0.005m | €0.002m | €0.004m | €0.004m | €0.003m | ▼ 19.0% |
| Income from current assets751 | - | - | - | - | €1 | €13 | €14 | €12 | ▼ 13.4% |
| Other financial income752/9 | - | - | - | €0.005m | €0.002m | €0.004m | €0.004m | €0.003m | ▼ 19.1% |
| Financial charges65/66B | - | - | - | €0.008m | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 55.0% |
| Recurring financial charges65 | €0.004m | €0.009m | €0.009m | €0.008m | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 55.0% |
| Debt charges650 | €42 | €105 | €11 | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.008m | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 55.0% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.09m | €0.3m | €0.07m | €0.08m | €0.09m | €0.07m | €0.1m | ▲ 43.9% |
| Income taxes67/77 | €0.02m | €0.05m | €0.05m | €0.03m | €0.04m | €0.06m | €0.05m | €0.06m | ▲ 25.8% |
| Taxes670/3 | - | - | - | €0.03m | €0.04m | €0.06m | €0.05m | €0.06m | ▲ 25.8% |
| Profit (loss) for the period9904 | €0.03m | €0.05m | €0.2m | €0.04m | €0.05m | €0.02m | €0.03m | €0.05m | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.05m | €0.2m | €0.04m | €0.05m | €0.02m | €0.03m | €0.05m | ▲ 75.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.2m | €7.1m | €8.1m | €8.1m | €8.9m | €8.1m | €8.0m | €8.6m | ▲ 7.6% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 50.7% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0.03m | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | ▲ 29.1% |
| Land and buildings22 | - | - | - | - | - | - | - | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.003m | - | - | €0.03m | - |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 1.2% |
| Other tangible fixed assets26 | - | - | - | €0.06m | €0.03m | €0.004m | €0.01m | €0.02m | ▲ 71.5% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Other financial fixed assets284/8 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Current assets29/58 | €6.0m | €6.9m | €7.8m | €7.9m | €8.6m | €7.9m | €7.8m | €8.4m | ▲ 7.0% |
| Stocks and contracts in progress3 | €0.9m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | €0.9m | €0.8m | ▼ 12.0% |
| Stocks30/36 | - | - | - | €0.9m | €1.0m | €1.0m | €0.9m | €0.8m | ▼ 12.0% |
| Raw materials and consumables30/31 | - | - | - | €0.9m | €1.0m | €1.0m | €0.9m | €0.8m | ▼ 12.0% |
| Amounts receivable within one year40/41 | €4.3m | €5.3m | €6.6m | €6.7m | €7.3m | €6.8m | €6.6m | €7.4m | ▲ 12.8% |
| Trade receivables40 | - | - | - | €6.5m | €7.1m | €6.5m | €6.4m | €7.2m | ▲ 12.0% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 43.0% |
| Cash at bank and in hand54/58 | €0.8m | €0.5m | €0.3m | €0.3m | €0.3m | €0.2m | €0.4m | €0.2m | ▼ 50.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.004m | - | €0.01m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.2m | €7.1m | €8.1m | €8.1m | €8.9m | €8.1m | €8.0m | €8.6m | ▲ 7.6% |
| Equity10/15 | €2.1m | €2.1m | €2.3m | €2.4m | €2.4m | €2.4m | €2.5m | €2.5m | ▲ 1.8% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | €0.7m | €0.8m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 4.1% |
| Provisions and deferred taxes16 | €0.5m | €0.4m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 19.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 19.0% |
| Pensions and similar obligations160 | - | - | - | €0.008m | €0.003m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 19.0% |
| Amounts payable17/49 | €3.6m | €4.5m | €5.5m | €5.6m | €6.3m | €5.5m | €5.3m | €5.9m | ▲ 10.0% |
| Amounts payable within one year42/48 | €3.6m | €4.5m | €5.5m | €5.6m | €6.3m | €5.5m | €5.3m | €5.9m | ▲ 10.0% |
| Trade debts44 | €3.0m | €3.4m | €4.3m | €4.3m | €4.3m | €4.1m | €3.4m | €4.3m | ▲ 26.0% |
| Suppliers440/4 | - | - | - | €4.3m | €4.3m | €4.1m | €3.4m | €4.3m | ▲ 26.0% |
| Advances received on contracts in progress46 | - | - | - | €0.3m | €0.8m | €0.2m | €0.7m | €0.4m | ▼ 41.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 2.1% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 3.5% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 4.2% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.7m | €0.7m | €0.5m | €0.4m | ▼ 14.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,352 | €45,917 | €226,911 | €36,532 | €45,249 | €22,099 | €26,061 | €45,664 | ▲ 75.2% |
| + Depreciation and write-downs630 | €127,379 | €115,182 | €91,374 | €90,791 | €111,518 | €115,709 | €94,409 | €84,068 | ▼ 11.0% |
| Operating cash flow (approximation) | €160,731 | €161,099 | €318,284 | €127,323 | €156,767 | €137,808 | €120,470 | €129,732 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | -€73,583 | -€160,798 | -€19,590 | -€196,429 | -€60,203 | -€12,729 | -€144,816 | ▼ 1,038% |
| Change in cash | - | -€301,589 | -€145,472 | -€26,194 | €30,827 | -€141,256 | €184,629 | -€181,078 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00261649 |
| 31-12-2024 | full format | 16-07-2025 | 2025-00295256 |
| 31-12-2023 | full format | 11-07-2024 | 2024-00250269 |
| 31-12-2022 | full format | 28-09-2023 | 2023-00466155 |
| 31-12-2021 | full format | 12-07-2022 | 2022-20179287 |
| 31-12-2020 | full format | 30-08-2021 | 2021-56100393 |
| 31-12-2019 | full format | 07-08-2020 | 2020-40600121 |
| 31-12-2018 | full format | 29-07-2019 | 2019-39700486 |
| 31-12-2017 | full format | 25-07-2018 | 2018-37400489 |
| 31-12-2016 | full format | 09-08-2017 | 2017-42700361 |
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Of the 455 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250), figures are known for 290. 153 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €1,150 awarded · €1,150 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €37 | €37 |
| 2024 | 1 | €278 | €278 |
| 2023 | 1 | €120 | €120 |
| 2022 | 2 | €715 | €715 |
Public contracts
1 award · 2025
PROCÉDURE OUVERTE POUR DES TRAVAUX DE RÉAMÉNAGEMENT DE LA CUISINE ET DU SELF-SERVICE DE L’ADMINISTRATION CENTRALE DE L’ONEM: 2025/22020/005 - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
1 director, 1 in day-to-day management, last change in 2023
Board 1
Stefaan VAN MILEGHEM
CurrentDirector (not named in the articles) · since 18-01-2023
Day-to-day management 1
Stefaan VAN MILEGHEM
CurrentManaging director · since 18-01-2023
Statutory auditor 1
Moore Audit
CurrentStatutory auditor · since 09-12-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
7 of this company's 10 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
3 people since 2023, 2 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Stefaan VAN MILEGHEM |
|
| Moore Audit |
|
| Lucien VAN MILEGHEM |
|
Owners and capital
Owners
1 ownerChain of control
- FIMKO NV
- FRIGOMIL
Highest known parent: FIMKO NV. The sources do not say who stands above it.
Owners 1
- FIMKO NVconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 05-02-2024 Capital stated in the deed · €250,000 · 1,400 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
09-12
Gazette deed
Appointment: BV Moore Audit (statutory auditor)Permanent representatives: Jan de Born van Driessche and Carmen Van Camp4 facts ▸
Gazette deed
Appointment: BV Moore Audit (statutory auditor)
Permanent representatives: Jan de Born van Driessche and Carmen Van Camp4 facts ▸
- General meeting, 30-06-2023
- Auditor appointment, BV Moore Audit (statutory auditor)
- Permanent representative, Jan de Born van Driessche
- Permanent representative, Carmen Van Camp
16-07
NBB filing
Annual accounts filed
financial year 2024 · full format
2024
11-07
NBB filing
Annual accounts filed
financial year 2023 · full format
05-02
Gazette deed
Algemene VergaderingKind of shares · Amendment of the articles · Capital6 facts ▸
Gazette deed
Algemene Vergadering
Kind of shares · Amendment of the articles · Capital6 facts ▸
- General meeting, 13-12-2023
- Kind of shares, “categorieën van aandelen afschaffen en aandelen omzetten in gewone aandelen, allen van dezelfde soort” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital, €250,000
- Power of attorney, Anne Verhaeghe
- Registered office clause, “1861Meise(Wolvertem),Driesstraat160” (deed in Dutch)
2023
31-12
Financial
Weakest financial yearnet €22,099 ▼51.2%
Net result drops to €22,099, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
financial year 2022 · full format · 59 days late
18-01
Gazette deed
Resignation: Lucien VAN MILEGHEM (director)Appointment: Stefaan VAN MILEGHEM (director) · Director discharge6 facts ▸
Gazette deed
Resignation: Lucien VAN MILEGHEM (director)
Appointment: Stefaan VAN MILEGHEM (director) · Director discharge6 facts ▸
- General meeting, 22-12-2022
- Director resignation, Lucien VAN MILEGHEM (director)
- Director discharge, Lucien VAN MILEGHEM (director)
- Director appointment, Stefaan VAN MILEGHEM (director (not named in the articles))
- Board meeting, 22-12-2022
- Director appointment, Stefaan VAN MILEGHEM (managing director)
2022
12-07
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
30-08
NBB filing
Annual accounts filed
financial year 2020 · full format · 30 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €226,911 ▲394%
Operating result €282,212, net result €226,911, both a record.
07-08
NBB filing
Annual accounts filed
financial year 2019 · full format · 7 days late
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
25-07
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
09-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 9 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 36 annual accounts filed, the latest 10 are here; all 36 are under Financials.
3 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPublic limited company
Founded12-12-1990
Financial year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
31001Manufacture of furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442972076
Registered
22-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Recognised contractor
1 categoryFRIGOMIL NVapproval no. 28598
- T3 Refrigeration equipmentclass 4, up to €1,080,000
Legal Entity Identifier
875500JW19KBHBWOB894
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Meise · 1 establishment unit since 1991
Ground area
1.8 ha
Building footprint
9,250 m²
Parcel 23093F0422/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
FRIGOMIL
since 1991unit no. 2.001.927.768
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23093F0422/00K002 | Flanders | 1.8 ha | 1 · 9,250 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De bouw,de fabricatie,de groot-en kleinhandel,de in- en uitvoer,de levering,de distributie,de plaatsing,de herstelling en het onderhoud van…” (deed in Dutch)
5 activities (deed in Dutch)
- De bouw,de fabricatie,de groot-en kleinhandel,de in- en uitvoer,de levering,de distributie,de plaatsing,de herstelling en het onderhoud van machines,toestellen,uitrusting en installaties van koel- en diepvriestechniek,klimaatregeling,luchtconditionering,thermische of vochtinstallatie en verwarmingstechniek voor alle doeleinden
- De fabricatie en de handel van alle elektrische toestellen voor alle doeleinden
- Algemene bouwondernemingen
- Fabricatie en handel van metalen en niet metalen meubelen
- Alle machines,materieel,toebehoren en installaties betreffende de voedingsnijverheid en het bouwbedrijf
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FRIGOMIL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Alle machten om op authentieke wijze de eventuele statutenwijziging die eruit voortvloeit te doen vaststellen, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “6, 3” (deed in Dutch)“Vennootschap kan bestuurd worden door enige bestuurder, samenstelling bestuursorgaan door enige bestuurder” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- 2 provisions in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vrij over onder levenden of bij overlijden, aandelen van de vennootschap” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- 2 provisions in the deed