PASFROST

Active

Public limited companyfounded 1974active for 52 yearsPassendalestraat 80, 8980 Zonnebeke, BelgiumKBO/BCE: BE 0414.296.896

Summary

PASFROST has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39.1m and a net result of €14.0m. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 48% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

PASFROSTActiveChecked score 95/100

Risk analysis Report Compare

Activity

Manufacture of food products

NACE 10393

Largest company by total assets in Zonnebeke, Manufacturing sector1 site

Size

€150.5mturnover 2025

Staff: 143.1 FTE
Equity: €39.1m
Profit: €14.0m

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: L & P CONSULT · 70.26%

2025 accounts 14 days early12 deeds in the Belgian Official Gazette

Why 95raises riskSector: Manufacture of food products (NACE 10)lowers riskFounded in 1974Size: turnover €150.5m, 143.1 FTE, total assets €102.1mLiquidity: current ratio 1.13, cash €14.2mShow the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 63% of its sector peers (NACE 10, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 63+7

equity 38.2% of total assets

Liquidity 40+11

short-term debt 53.6% · cash 13.9%

Profitability 84-7

return on assets 13.7%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (226 companies, NACE 10, medium-sized)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €3,700,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.13, compared with 0.97 in 2024, below the usual 1.5; short-term debt: 53.6% and cash: 13.9% of total assets), and 61.8% 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, medium-sized): better than 44% on solvency, 58% on liquidity, 88% on profitability and 60% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

lowers riskraises riskneutral

Founded in 1974

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Manufacture of food products (NACE 10)

KBO

Size: turnover €150.5m, 143.1 FTE, total assets €102.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.13, cash €14.2m

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 16-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

27 days early

2023

27 days early

2021

18 days early

2020

24 days late

2019

80 days late

2018

23 days early

← 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 1 day before 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 (2)

Next filing not due yet

The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. The company usually files around 4 July (3 of the last 3 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today30-12-2026 year end30-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

16-07-2026 Annual accounts filedfinancial year 2025 · full…
03-07-2025 Annual accounts filedfinancial year 2024 · full…
30-12-2024 Highest result from 2018 to 2025net €17.6m ▲61%

Key points

Positive: Largest company by total assets in Zonnebeke, Manufacturing sectorin the Checked rankings No. 1 View
Controlled by L & P CONSULT 70.26% View
Positive: 7 profitable years in a rowprofit 2025: €14.0m 7 years View
Flemish supportawarded in 2025 €415,657 View
Active since 1974founded 07-06-1974 52 years View
Positive: Filed on time since financial year 2021accounts within the deadline every year 4 years View

By topic

Financials

Financial year: 2025
Turnover: €150.5m
Profit: €14.0m
Solvency: 38.2%

Turnover▲ 2.1%

Net result

20182025

Go to Financials

Board & ownership

Parent: L & P CONSULT · 70.26%

Go to Board & ownership

Timeline

Events: 46
Since: 1978
Next accounts: by 30-07-2027

03-07-2024Annual accounts filed
13-07-2022Annual accounts filed
24-08-2021Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of food productsNACE 10393
Founded: 07-06-1974
Year ends: 30-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about PASFROST

What is the company number of PASFROST?: 0414.296.896. In Belgium the VAT number is the company number with BE in front: BE 0414.296.896.
Where is PASFROST based?: The registered office is at Passendalestraat 80, 8980 Zonnebeke.Company details
What does PASFROST do?: According to the KBO register, the main activity is manufacture of food products (NACE 10393).
What is the legal form of PASFROST?: Public limited company (NV).
When was PASFROST founded?: On 07-06-1974.
Is PASFROST still active?: Yes, PASFROST is an active enterprise in the KBO register.
How many employees does PASFROST have?: On average 143.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PASFROST?: €150.5m in financial year 2025, according to the filed annual accounts.
Is PASFROST profitable?: In financial year 2025, PASFROST made a profit of €14.0m.
Where can I find the annual accounts of PASFROST?: PASFROST filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PASFROST due?: By 30-07-2027, for financial year 2026.Timeline