Financials
- Financial year
- 2024
- Total assets
- €65,583
- Profit
- €7,778
- Solvency
- 15.7%
Frozen Art
ActiveSummary
The computed 12-month bankruptcy probability of Frozen Art is 11.3% (high). The 2024 annual accounts show equity of €10,278 and a net result of €7,778. Its solvency ranks better than 35% of 2,050 sector peers (NACE 10, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of food products
NACE 10520Limited-service restaurants, excluding mobile food services NACE 56112
2 sites
Size
≈ €190,000turnover 2024, estimated
- Staff
- 0.8 FTE
- Equity
- €10,278
- Profit
- €7,778
Turnover estimated from the gross margin
Why 31raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 01-09-2025)Founded in 20231 financial year not filed after the legal deadline; last filed accounts filed 29 days lateShow the evidence
Checked score
Score 2024
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 38% of its sector peers (NACE 10, micro)
Financial strength
Average
Solvency
41
equity 15.7% of total assets
Liquidity
10
short-term debt 84.3% · cash 5.3%
Profitability
84
return on assets 11.9%
Bankruptcy probability, 12 months
11.3%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.7%
12-2024: 5.7%● unchanged vs 11-2024
01-2025: 5.5%▼ -0.2 percentage points vs 12-2024
02-2025: 5.4%▼ -0.1 percentage points vs 01-2025
03-2025: 5.8%▲ +0.4 percentage points vs 02-2025
04-2025: 6.0%▲ +0.2 percentage points vs 03-2025
05-2025: 6.0%● unchanged vs 04-2025
06-2025: 6.0%● unchanged vs 05-2025
07-2025: 6.0%● unchanged vs 06-2025
08-2025: 6.0%● unchanged vs 07-2025
09-2025: 6.0%● unchanged vs 08-2025
10-2025: 5.1%▼ -0.9 percentage points vs 09-2025
11-2025: 5.1%● unchanged vs 10-2025
12-2025: 5.1%● unchanged vs 11-2025lowest value
01-2026: 5.9%▲ +0.8 percentage points vs 12-2025
02-2026: 5.9%● unchanged vs 01-2026
03-2026: 5.9%● unchanged vs 02-2026
04-2026: 7.1%▲ +1.2 percentage points vs 03-2026
05-2026: 8.3%▲ +1.2 percentage points vs 04-2026
06-2026: 8.4%▲ +0.1 percentage points vs 05-2026
07-2026: 8.7%▲ +0.3 percentage points vs 06-2026
08-2026: 9.7%▲ +1.0 percentage point vs 07-2026
09-2026: 9.7%● unchanged vs 08-2026
10-2026: 11.3%▲ +1.6 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.12, below 1; short-term debt: 84.3% and cash: 5.3% of total assets), and 84.3% 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 10, micro): better than 32% on solvency, 7% on liquidity and 73% on profitability.
The bankruptcy probability was computed on 31-10-2026 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).
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Signals
Five signals.
raises risk
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 29 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Registered officeRegistered-office move · Director in…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: ANDAR Assadullah (director) ·…
Key points
By topic
Board & ownership
- Board
- 1 member
- Assadullah AndarDirector
Timeline
- Events
- 3
- Since
- 2023
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Manufacture of food productsNACE 10520
- Founded
- 17-04-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Who signs
- Each director alone
- Annual meeting
- First Monday of June at 19:00
- Purpose
- “Vervaardiging, groot- en kleinhandel, import en export, distributie en commercialisering…” (deed in Dutch)
- Statutory auditor
- No statutory auditor
Key facts about Frozen Art
- What is the company number of Frozen Art?
- 0800.809.828. In Belgium the VAT number is the company number with BE in front: BE 0800.809.828.
- Where is Frozen Art based?
- The registered office is at Lange Beeldekensstraat 111, 2060 Antwerpen.Company details
- What does Frozen Art do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10520).
- What is the legal form of Frozen Art?
- Private limited company (BV).
- When was Frozen Art founded?
- On 17-04-2023.
- Is Frozen Art still active?
- Yes, Frozen Art is an active enterprise in the KBO register.
- How many employees does Frozen Art have?
- On average 0.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Frozen Art?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Frozen Art profitable?
- In financial year 2024, Frozen Art made a profit of €7,778.
- Where can I find the annual accounts of Frozen Art?
- Frozen Art filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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