FRIGOTHERM
ActiveSummary
FRIGOTHERM has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €102,499. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 72% of 6130 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-6
Solvency87▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.64 against 2.71 in 2023; short-term debt: 33.6% and cash: 13.9% of total assets), and 38% of the assets are financed with debt.
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. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
62%
Return on assets
5.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
61 d late
2022
91 d late
2021
127 d late
2020
122 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 97 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€102,499▼ 41.8%
2023 · €176,049
Working capital
€1.1m▲ 3.8%
2023 · €1.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 46, Wholesale trade, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€179,840▲ 34.2%€176,656▼ 1.8%€278,472▲ 57.6%€249,354▼ 10.5%€130,094▼ 47.8%
Net result€130,887within the sector's middle half▲ 50.2%€129,893within the sector's middle half▼ 0.8%€199,905within the sector's middle half▲ 53.9%€176,049within the sector's middle half▼ 11.9%€102,499within the sector's middle half▼ 41.8%
Equity€761,621within the sector's middle half▲ 15.3%€861,515within the sector's middle half▲ 13.1%€1.0mwithin the sector's middle half▲ 18.4%€1.2mwithin the sector's middle half▲ 14.3%€1.2mwithin the sector's middle half▲ 6.2%
Total assets€1.7mwithin the sector's middle half▲ 10.9%€1.7mwithin the sector's middle half▲ 1.4%€1.7mwithin the sector's middle half▲ 0.2%€1.8mwithin the sector's middle half▲ 6.1%€2.0mwithin the sector's middle half▲ 8.4%
Debt€948,022▲ 7.7%€872,053▼ 8.0%€716,233▼ 17.9%€676,666▼ 5.5%€759,874▲ 12.3%
Working capital€737,106within the sector's middle half▲ 23.7%€751,050within the sector's middle half▲ 1.9%€936,526within the sector's middle half▲ 24.7%€1.1mwithin the sector's middle half▲ 13.6%€1.1mwithin the sector's middle half▲ 3.8%
Solvency44.5%within the sector's middle half▲ 1.7pp49.7%within the sector's middle half▲ 5.1pp58.8%within the sector's middle half▲ 9.1pp63.3%within the sector's middle half▲ 4.5pp62.0%within the sector's middle half▼ 1.3pp
Current ratio2.01within the sector's middle half▲ 0.172.08within the sector's middle half▲ 0.072.56within the sector's middle half▲ 0.482.71within the sector's middle half▲ 0.142.64within the sector's middle half▼ 0.06
Return on assets (ROA)7.7%within the sector's middle half▲ 2.0pp7.5%within the sector's middle half▼ 0.2pp11.5%above the sector's middle half▲ 4.0pp9.6%within the sector's middle half▼ 2.0pp5.1%within the sector's middle half▼ 4.4pp
Staff (FTE)16.5within the sector's middle half▲ 15.4%17.2within the sector's middle half▲ 4.2%16.7within the sector's middle half▼ 2.9%16.8within the sector's middle half▲ 0.6%17.4within the sector's middle half▲ 3.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 48% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€222,538 ▲ 43.7%
Current assets
€1.8m ▲ 5.2%
Equity and liabilities €2.0m
Equity
€1.2m ▲ 6.2%
Debt
€759,874 ▲ 12.3%
Debt's share of the balance-sheet total rises from 36.7% to 38.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€202,546▼
2023 · €331,887
Cash flow
€174,951▼
2023 · €258,582
Quick ratio
1.98▼
2023 · 2.09
Debt to equity
0.61▲
2023 · 0.58
ROE
8.3%▼
2023 · 15.1%
Interest coverage
21.53▼
2023 · 42.00
Debt ≤ 1 year
€671,765▲
2023 · €623,877
Debt > 1 year
€74,330▲
2023 · €35,105
Income taxes
€30,819▼
2023 · €72,481
Staff costs
€1.1m▲
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,340 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,881 | €53,749 | €21,993 | - | - |
| Remuneration, social security and pensions62 | - | €947,951 | €949,014 | €1.0m | €1.1m | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,617 | €91,912 | €89,397 | €82,533 | €72,452 | ▼ 12.2% |
| Other operating charges640/8 | - | €21,916 | €10,995 | €14,113 | €11,659 | ▼ 17.4% |
| Non-recurring operating charges66A | - | €13,417 | €10,410 | €6,568 | €1,326 | ▼ 79.8% |
| Gross operating margin9900 | €1.2m | €1.3m | €1.3m | €1.4m | €1.4m | ▼ 2.8% |
| Operating profit (loss)9901 | €179,840 | €176,656 | €278,472 | €249,354 | €130,094 | ▼ 47.8% |
| Financial income75/76B | - | €2,278 | €6,701 | €7,078 | €12,631 | ▲ 78.4% |
| Recurring financial income75 | €3,410 | €2,278 | €6,701 | €6,878 | €8,431 | ▲ 22.6% |
| Non-recurring financial income76B | - | - | - | €200 | €4,200 | ▲ 2,000% |
| Financial charges65/66B | - | €8,799 | €6,437 | €7,902 | €9,407 | ▲ 19.0% |
| Recurring financial charges65 | €6,200 | €8,799 | €6,437 | €7,902 | €9,407 | ▲ 19.0% |
| Profit (loss) for the period before taxes9903 | €177,133 | €170,135 | €278,735 | €248,530 | €133,318 | ▼ 46.4% |
| Income taxes67/77 | €46,246 | €40,242 | €78,831 | €72,481 | €30,819 | ▼ 57.5% |
| Profit (loss) for the period9904 | €130,887 | €129,893 | €199,905 | €176,049 | €102,499 | ▼ 41.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €21,050 | - |
| Transfer to tax-exempt reserves689 | - | €58,940 | - | - | €33,680 | - |
| Profit (loss) for the period to be appropriated9905 | €109,837 | €70,953 | €199,905 | €176,049 | €89,869 | ▼ 49.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.7m | €1.8m | €2.0m | ▲ 8.4% |
| Fixed assets21/28 | €244,233 | €289,572 | €201,405 | €154,866 | €222,538 | ▲ 43.7% |
| Tangible fixed assets22/27 | €244,233 | €289,572 | €201,405 | €154,866 | €222,538 | ▲ 43.7% |
| Land and buildings22 | - | €4,043 | €2,843 | €1,643 | €443 | ▼ 73.1% |
| Plant, machinery and equipment23 | - | €16,064 | €12,885 | €9,705 | €22,592 | ▲ 133% |
| Furniture and vehicles24 | - | €269,466 | €185,678 | €143,518 | €199,503 | ▲ 39.0% |
| Current assets29/58 | €1.5m | €1.4m | €1.5m | €1.7m | €1.8m | ▲ 5.2% |
| Stocks and contracts in progress3 | €346,823 | €346,844 | €332,233 | €382,128 | €444,710 | ▲ 16.4% |
| Stocks30/36 | - | €346,844 | €332,233 | €382,128 | €444,710 | ▲ 16.4% |
| Amounts receivable within one year40/41 | €678,392 | €811,697 | €808,852 | €811,569 | €849,485 | ▲ 4.7% |
| Trade receivables40 | - | €780,658 | €779,709 | €699,074 | €724,800 | ▲ 3.7% |
| Other amounts receivable41 | - | €31,039 | €29,144 | €112,495 | €124,684 | ▲ 10.8% |
| Current investments50/53 | - | - | - | €200,000 | €200,000 | = |
| Cash at bank and in hand54/58 | €439,319 | €280,687 | €392,184 | €293,831 | €278,178 | ▼ 5.3% |
| Deferred charges and accrued income490/1 | - | €4,767 | €1,685 | €446 | €3,637 | ▲ 715% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.7m | €1.8m | €2.0m | ▲ 8.4% |
| Equity10/15 | €761,621 | €861,515 | €1.0m | €1.2m | €1.2m | ▲ 6.2% |
| Contributions10/11 | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €724,437 | €824,331 | €982,942 | €1.1m | €1.2m | ▲ 6.4% |
| Non-distributable reserves130/1 | - | €3,718 | €3,718 | - | - | - |
| Reserves not available under the articles1311 | - | €3,718 | €3,718 | - | - | - |
| Tax-exempt reserves132 | - | €148,480 | €89,540 | €89,540 | €102,170 | ▲ 14.1% |
| Distributable reserves133 | - | €672,132 | €889,683 | €1.0m | €1.1m | ▲ 5.8% |
| Amounts payable17/49 | €948,022 | €872,053 | €716,233 | €676,666 | €759,874 | ▲ 12.3% |
| Amounts payable after more than one year17 | €218,314 | €178,148 | €116,662 | €35,105 | €74,330 | ▲ 112% |
| Financial debts170/4 | - | €178,148 | €116,662 | €35,105 | €74,330 | ▲ 112% |
| Amounts payable within one year42/48 | €728,304 | €692,945 | €598,428 | €623,877 | €671,765 | ▲ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €115,896 | €93,071 | €75,476 | €124,024 | ▲ 64.3% |
| Trade debts44 | €462,655 | €471,874 | €334,283 | €362,815 | €308,448 | ▼ 15.0% |
| Suppliers440/4 | - | €471,874 | €334,283 | €362,815 | €308,448 | ▼ 15.0% |
| Advances received on contracts in progress46 | - | - | - | - | €2,000 | - |
| Taxes, remuneration and social security45 | - | €105,175 | €161,074 | €185,586 | €229,293 | ▲ 23.6% |
| Taxes450/3 | - | €16,084 | €57,812 | €66,498 | €96,864 | ▲ 45.7% |
| Remuneration and social security454/9 | - | €89,091 | €103,263 | €119,088 | €132,429 | ▲ 11.2% |
| Other amounts payable47/48 | - | - | €10,000 | - | €8,000 | - |
| Accrued charges and deferred income492/3 | - | €959 | €1,143 | €17,684 | €13,778 | ▼ 22.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,887 | €129,893 | €199,905 | €176,049 | €102,499 | ▼ 41.8% |
| + Depreciation and write-downs630 | €76,617 | €91,912 | €89,397 | €82,533 | €72,452 | ▼ 12.2% |
| Operating cash flow (approximation) | €207,504 | €221,805 | €289,301 | €258,582 | €174,951 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | -€137,251 | -€1,230 | -€35,994 | -€140,124 | ▼ 289% |
| Change in cash | - | -€158,632 | €111,497 | -€98,353 | -€15,654 | ▲ 84.1% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
31-12
Financial
Highest result since 2018net €199,905 ▲53.9%
Operating result €278,472, net result €199,905, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲18.4%
5 profitable years in a row build equity to €1.0m.
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 127 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 122 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 71 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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.
Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 1979
Ground area
2,910 m²
Building footprint
1,169 m²
Parcel 54006N0162/00_000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Plavitoutstraat 87, 7700 Mouscron
since 19792.016.104.022
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006N0162/00_000 | Wallonia | 2,910 m² | 1 · 1,169 m² | - |
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
- KCF WAPI
- FRIGOTHERM
Highest known parent: KCF WAPI. The sources do not say who stands above it.
Owners 1
- KCF WAPIparentSourceaccounts KCF WAPI 2024100%
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesFRIGOTHERM SRL41044
Similar companies · same sector, comparable size
CHACON
BE 0417.371.006
Wavre · Eq €1,239,042
SCHOONBROODT HYDRAULICS S.A
BE 0402.301.362
Verviers · Eq €1,243,304
BINZEL BENELUX
BE 0420.772.340
Nazareth-De Pinte · Eq €1,247,133
Euromatec
BE 0407.119.391
Evere · Eq €1,258,605
ORA Machines
BE 0421.161.825
Leuven · Eq €1,217,169
Of 1,242 companies in this sector we hold annual accounts for 954. 686 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
Founded18-04-1979
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46643Wholesale of electrical equipment, including installation materials
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419376431
Registered
31-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.