FROZEN
ActiveFROZEN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195k and a net result of €-20k. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-33
Solvency60=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 4.96 in 2024; short-term debt: 11% and cash: 10.4% of total assets), but 64.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
7 d early
2022
82 d early
2021
23 d early
2020
12 d early
2019
7 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€195k▼ 9.1%
2024 · €215k
2018: €22k
2019: €26k
2020: €63k
2021: €216k
2022: €206k
2023: €199k
2024: €215k
2018 → 2025
Total assets
€553k▼ 9.3%
2024 · €609k
2018: €264k
2019: €671k
2020: €551k
2021: €667k
2022: €685k
2023: €633k
2024: €609k
2018 → 2025
Net result
€-20k
2024 · €16k
2018: €20k
2019: €4k
2020: €37k
2021: €53k
2022: €-10k
2023: €-7k
2024: €16k
2018 → 2025
Working capital
€189k▼ 9.3%
2024 · €209k
2018: €61k
2019: €302k
2020: €101k
2021: €256k
2022: €315k
2023: €188k
2024: €209k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€206k▼ 4.6%€199k▼ 3.5%€215k▲ 8.2%€195k▼ 9.1%
Operating result€92k-€12k▼ 87.1%€8k▼ 32.1%€24k▲ 196%€-674
Net result€53k-€-10k€-7k▲ 26.4%€16k€-20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €674 after €24k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553k
Fixed assets
€303k▼ 12.9%
Current assets
€250k▼ 4.4%
Equity and liabilities €553k
Equity
€195k▼ 9.1%
Debt
€358k▼ 9.4%
The debt ratio falls from 64.7% to 64.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▼
2024 · €73k
Cash flow
€29k▼
2024 · €65k
Solvency
35.3%▲
2024 · 35.3%
Current ratio
4.11▼
2024 · 4.96
Quick ratio
4.11▼
2024 · 4.96
Debt / equity
1.83▼
2024 · 1.84
ROE
-10.0%▼
2024 · 7.5%
ROA
-3.5%▼
2024 · 2.7%
Interest coverage
1.68▼
2024 · 4.73
Debt
€358k▼
2024 · €395k
Debt ≤ 1 year
€61k▲
2024 · €53k
Debt > 1 year
€288k▼
2024 · €330k
Income taxes
€4k▼
2024 · €7k
Staff costs
€687
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€609k€553k▼
Fixed assets21/28€348k€303k▼
Tangible fixed assets22/27€348k€303k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€92k€68k▼
Other tangible fixed assets26€251k€232k▼
Financial fixed assets28€0-
Current assets29/58€261k€250k▼
Amounts receivable within one year40/41€55k€34k▼
Trade receivables40€29k€29k=
Other amounts receivable41€26k€5k▼
Current investments50/53€156k€154k▼
Cash at bank and in hand54/58€46k€57k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€609k€553k▼
Equity10/15€215k€195k▼
Contributions10/11€120k€120k=
Reserves13€90k€90k=
Distributable reserves133€90k€90k=
Profit (loss) carried forward14€5k€-15k▼
Amounts payable17/49€395k€358k▼
Amounts payable after more than one year17€330k€288k▼
Financial debts170/4€330k€288k▼
Amounts payable within one year42/48€53k€61k▲
Current portion of amounts payable after more than one year42€41k€41k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€14k▲
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€12k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€687
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€48k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€75k€51k▼
Operating profit (loss)9901€24k€-674▼
Financial income75/76B€15k€14k▼
Recurring financial income75€15k€14k▼
Financial charges65/66B€15k€28k▲
Recurring financial charges65€15k€28k▲
Profit (loss) for the period before taxes9903€23k€-15k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€16k€-20k▼
Profit (loss) for the period to be appropriated9905€16k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-15k▼
Profit (loss) brought forward from the previous period14P€-11k€5k▲
Transfer from equity791/2€0-
The notes to these accounts (10 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-20k ▼220%
Net result drops to €-20k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €215k ▲8.2%
Equity rises from €199k to €215k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €53k ▲44.8%
Operating result €92k, net result €53k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲244%
4 profitable years in a row build equity to €216k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kapellen · 1 establishment unit since 2016
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.
Raymond Geelhanddreef 22950 KapellenGround area
4,639 m²
Building footprint
421 m²
Volume, LiDAR
1,957 m³
Parcel 11902H0066/00S000, Flanders · tallest building 17.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FROZEN
since 20162.256.874.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902H0066/00S000 | Flanders | 4,639 m² | 1 · 421 m² | 17.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.