FRIGOMIL
ActiveSummary
FRIGOMIL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.52M and a net result of €46k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 33% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54=
Solvency54▼-2
Growth67▲+19
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.47 in 2024; short-term debt: 68.4% and cash: 2.1% of total assets), and 70.6% 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.4%
Return on assets
0.5%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
15 d early
2023
20 d early
2022
59 d late
2021
19 d early
2020
30 d late
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.25M▲ 16.4%
2024 · €17.40M
2018: €16.01M
2019: €16.60M
2020: €15.47M
2021: €15.69M
2022: €16.27M
2023: €16.80M
2024: €17.40M
2018 → 2025
EBIT margin
0.5%▲ 0.1pp
2024 · 0.4%
2018: 0.4%
2019: 0.6%
2020: 1.8%
2021: 0.4%
2022: 0.5%
2023: 0.5%
2024: 0.4%
2018 → 2025
Net result
€46k▲ 75.2%
2024 · €26k
2018: €33k
2019: €46k
2020: €227k
2021: €37k
2022: €45k
2023: €22k
2024: €26k
2018 → 2025
Working capital
€2.52M▲ 0.6%
2024 · €2.51M
2018: €2.38M
2019: €2.41M
2020: €2.29M
2021: €2.37M
2022: €2.31M
2023: €2.39M
2024: €2.51M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15.69M-€16.27M▲ 3.7%€16.80M▲ 3.3%€17.40M▲ 3.5%€20.25M▲ 16.4%
Equity€2.38M-€2.42M▲ 1.9%€2.45M▲ 0.9%€2.47M▲ 1.1%€2.52M▲ 1.8%
Operating result€70k-€89k▲ 27.2%€90k▲ 1.3%€75k▼ 16.6%€111k▲ 48.1%
Net result€37k-€45k▲ 23.9%€22k▼ 51.2%€26k▲ 17.9%€46k▲ 75.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.56M
Fixed assets
€181k ▲ 50.7%
Current assets
€8.38M ▲ 7.0%
Equity and liabilities €8.56M
Equity
€2.52M ▲ 1.8%
Provisions
€184k ▲ 19.0%
Debt
€5.86M ▲ 10.0%
Debt's share of the balance-sheet total rises from 67.0% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195k▲
2024 · €169k
Cash flow
€130k▲
2024 · €120k
Current ratio
1.43▼
2024 · 1.47
Quick ratio
1.30▼
2024 · 1.31
Debt to equity
2.33▲
2024 · 2.15
ROE
1.8%▲
2024 · 1.1%
ROA
0.5%▲
2024 · 0.3%
Interest coverage
16.52▼
2024 · 22.22
Debt ≤ 1 year
€5.86M▲
2024 · €5.32M
Income taxes
€57k▲
2024 · €45k
Staff costs
€4.31M▲
2024 · €4.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.95M€8.56M▲
Fixed assets21/28€120k€181k▲
Intangible fixed assets21-€27k
Tangible fixed assets22/27€116k€150k▲
Land and buildings22-€0
Plant, machinery and equipment23-€27k
Furniture and vehicles24€104k€103k▼
Other tangible fixed assets26€11k€20k▲
Financial fixed assets28€4k€4k=
Other financial fixed assets284/8€4k€4k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€7.83M€8.38M▲
Stocks and contracts in progress3€860k€756k▼
Stocks30/36€860k€756k▼
Raw materials and consumables30/31€860k€756k▼
Amounts receivable within one year40/41€6.60M€7.44M▲
Trade receivables40€6.44M€7.22M▲
Other amounts receivable41€160k€229k▲
Cash at bank and in hand54/58€357k€176k▼
Deferred charges and accrued income490/1€13k-
Equity and liabilities
Total equity and liabilities10/49€7.95M€8.56M▲
Equity10/15€2.47M€2.52M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€1.10M€1.10M=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€72k€72k=
Distributable reserves133€1.00M€1.00M=
Profit (loss) carried forward14€1.12M€1.17M▲
Provisions and deferred taxes16€155k€184k▲
Provisions for liabilities and charges160/5€155k€184k▲
Other liabilities and charges164/5€155k€184k▲
Amounts payable17/49€5.32M€5.86M▲
Amounts payable within one year42/48€5.32M€5.86M▲
Trade debts44€3.43M€4.33M▲
Suppliers440/4€3.43M€4.33M▲
Advances received on contracts in progress46€744k€439k▼
Taxes, remuneration and social security45€647k€661k▲
Taxes450/3€182k€176k▼
Remuneration and social security454/9€465k€485k▲
Other amounts payable47/48€499k€429k▼
Income statement
Code20242025
Operating income70/76A€17.53M€20.35M▲
Turnover70€17.40M€20.25M▲
Other operating income74€128k€104k▼
Operating charges60/66A€17.45M€20.24M▲
Goods for resale, raw materials and consumables60€10.81M€12.00M▲
Purchases600/8€10.70M€11.89M▲
Change in stocks: decrease (increase)609€108k€105k▼
Services and other goods61€2.56M€3.33M▲
Remuneration, social security and pensions62€4.00M€4.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€84k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-29k€-32k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€7k€28k▲
Other operating charges640/8€14k€523k▲
Operating profit (loss)9901€75k€111k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Income from current assets751€14€12▼
Other financial income752/9€4k€3k▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Other financial charges652/9€8k€12k▲
Profit (loss) for the period before taxes9903€71k€102k▲
Income taxes67/77€45k€57k▲
Taxes670/3€45k€57k▲
Profit (loss) for the period9904€26k€46k▲
Profit (loss) for the period to be appropriated9905€26k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.12M€1.17M▲
Profit (loss) brought forward from the previous period14P€1.10M€1.12M▲
Social balance
Average headcount (FTE)908754.255.2▲
The notes to these accounts (42 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €22k ▼51.2%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €227k ▲394%
Operating result €282k, net result €227k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Meise · 1 establishment unit since 1991
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.
Driesstraat 1601861 MeiseGround area
1.8 ha
Building footprint
9,250 m²
Parcel 23093F0422/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
FRIGOMIL
since 19912.001.927.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093F0422/00K002 | Flanders | 1.8 ha | 1 · 9,250 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 1,150 EUR awarded · 1,150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 37 EUR | 37 EUR |
| 2024 | 1 | 278 EUR | 278 EUR |
| 2023 | 1 | 120 EUR | 120 EUR |
| 2022 | 2 | 715 EUR | 715 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
1 categoryFRIGOMIL NV28598
Legal Entity Identifier
875500JW19KBHBWOB894
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Of 462 companies in sector 28250 we hold annual accounts for 285. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
31001Manufacture of furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.