Equity
€143,539 from €955,464 in 2018
Equity fell by 85% in 6 years.
Multi-Fish Frozen
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1994peak €1.0m (2021)
€802,807▼ 1.4%
lowest -€56,755 (2024)
-€56,755▼ €75,960
peak €955,464 (2018)
€143,539▼ 73.9%
€469,353▼ 1.5%
peak 20.4 FTE (2021)
15.6 FTE▼ 3.7%
Board4 names since 2019
2 directorsVERBIEST and 1 other
Owners3 names in the annual accounts
99.96%FOX HOLDINGS and 1 other
Documentsfilings and deeds
07-11-202599 days late
2024abbreviated format
Loss of €56,755Dividend €350,000Equity from €550,294 to €143,539Cash from €30,781 to €49,416
Key points
from the 2024 annual accountsResult
-€56,755 -€56,755
From profit to loss in 2024, after a profit of €19,205 in 2023.
Debts
€469,353 75% of the balance sheet
Suppliers 4%Taxes and wages 21%Other 75%
Staff
15 employees on 31-12-2024
In 2024, 57 people joined and 50 left.
Filings
30 annual accounts 32 filings, 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€56,755
Lower net result than 89% of companies in wholesale trade. Sector median €40,668 · 8,958 companies.
Checked score
34
Weak
Financially stronger than 14% of small companies in wholesale trade (NACE 46)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 3.2%▲ +1.4 percentage points vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 1.2%▼ -2.0 percentage points vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.1 percentage points vs 08-2025
10-2025: 2.2%▲ +0.6 percentage points vs 09-2025
11-2025: 4.2%▲ +2.0 percentage points vs 10-2025
12-2025: 4.1%▼ -0.1 percentage points vs 11-2025
01-2026: 4.1%● unchanged vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 4.0%▼ -0.1 percentage points vs 02-2026
04-2026: 4.2%▲ +0.2 percentage points vs 03-2026
05-2026: 4.1%▼ -0.1 percentage points vs 04-2026
06-2026: 3.9%▼ -0.2 percentage points vs 05-2026
07-2026: 3.8%▼ -0.1 percentage points vs 06-2026
08-2026: 4.3%▲ +0.5 percentage points vs 07-2026
09-2026: 4.5%▲ +0.2 percentage points vs 08-2026
10-2026: 5.7%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 5.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 08-11-2025)
Size: 15.6 FTE, total assets €625,265
lowers risk
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 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 46, small). It does better than 26% of them on solvency, 16% on liquidity, 9% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as Multi-Fish Frozen has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Multi-Fish Frozen itself is higher: 5.7% within 12 months. It rests on far more data about Multi-Fish Frozen than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for Multi-Fish Frozen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.33 (2.15 in 2023), below the usual 1.5. Short-term debt is 75.1% and cash 7.9% of total assets. 77% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 99 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
99 days late
2023
191 days late
2022
74 days late
2021
317 days late
2020
87 days late
2020
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 129 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- FOX HOLDINGS 99.96%score 36equity -€1.6m (2024) · annual accounts 2024
- ZEEVISHANDEL MERCUUR IJMUIDEN BV 0.04%annual accounts 2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453185582
Company renamed from TRANSAQUA to Multi-Fish Frozen
Registered office moved from Antwerp to Blankenberge · New registered office: Schaapstraat 98, 8370 Blankenberge · Previous registered office: Kielsbroek 27, 2020 Antwerpen · Gazette deed
1 statutory auditor reappointed
RSM InterAudit BV (statutory auditor) · Permanent representatives: Inge Saeys, Jonas Uytterhaegen and Rosemarie van Duijn · General meeting of 03-10-2024 · Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 reappointment
Appointment: RSM InterAudit CV (statutory auditor) · Permanent representatives: Inge Saeys, Rosemarie Van Duijn and Thomas Van Nieuwkerk · Resignation: FOX HOLDINGS NV (managing director) · General meeting of 04-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Multi-Fish Frozen Blankenberge | €0.6m | €0.8m | 23.0% | 15.6 |
| SEANERGIE Herve | €1.1m | €0.8m | 28.3% | 16 |
| VISCENTRALE FIERET HARELBEKE Harelbeke | €1.2m | €1.0m | 37.0% | 9.6 |
| MOSSELMAN SEAFOOD Blankenberge | €1.5m | €0.8m | 36.2% | 15.9 |
| MOSSELCENTRALE Nieuwpoort | €1.4m | €0.3m | 21.2% | 8.9 |
| VISWAREN BONNET Ostend | €1.6m | €0.6m | 20.9% | 7.9 |
| Simons en Decru Ostend | €1.3m | €0.4m | 36.0% | 10.7 |
These companies have the same main activity as Multi-Fish Frozen: wholesale trade (NACE 46323). They are comparable in size and age: total assets between €1.1m and €1.6m, founded between 1968 and 2011.
Official details
Source: KBO- Status
- Active since 01-08-1994Normal situation
- Activity
- Wholesale tradeNACE 46323
- Joint committees
- 119Food trade
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.067.943.4938370 Blankenberge, since 22-08-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Annual accounts 2024
- ≈ €4.9mestimated
- €625,265▼ 39.1%
- Employeeson 31-12-2024
- 15▲ 66.7%
- Filing
- Filed on 07-11-2025
Insights on Multi-Fish Frozen
Multi-Fish Frozen files the abbreviated format. That format states no turnover. The gross margin rose from €167,526 in 2007 to €802,807 in 2024.
FOX HOLDINGS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Multi-Fish Frozen
- What is the company number of Multi-Fish Frozen?
- The company number of Multi-Fish Frozen is 0453.185.582. The VAT number is the same number with BE in front: BE 0453.185.582.
- Where is Multi-Fish Frozen based?
- The registered office is at Schaapstraat 98, 8370 Blankenberge.Company details
- What does Multi-Fish Frozen do?
- According to the KBO register, the main activity is wholesale trade (NACE 46323).
- What is the legal form of Multi-Fish Frozen?
- Multi-Fish Frozen is a public limited company (NV).
- When was Multi-Fish Frozen founded?
- Multi-Fish Frozen was founded on 01-08-1994.
- Is Multi-Fish Frozen still active?
- Yes, Multi-Fish Frozen is an active enterprise in the KBO register.
- How many employees does Multi-Fish Frozen have?
- Multi-Fish Frozen had an average of 15.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Multi-Fish Frozen fall under?
- In its 2024 annual accounts, Multi-Fish Frozen states joint committees 119 (Food trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Multi-Fish Frozen?
- The turnover in financial year 2024 is ≈ €4.9m. This figure is estimated from the gross margin of €802,807 and 30 comparable companies (NACE 463). It probably lies between €3.7m and €9.0m.
- Is Multi-Fish Frozen profitable?
- In financial year 2024, Multi-Fish Frozen made a loss of €56,755.
- Where can I find the annual accounts of Multi-Fish Frozen?
- Multi-Fish Frozen filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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