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Complete company report
Generated 29-08-2026
Active BE 0634.889.249Public limited companyOpen bankruptcy

FROID INVEST

Parc Ind. des Hauts Sarts, 2e av 31 ·4040 Herstal, Belgium· 11 yrs active
Sector: Verhuur en lease van vrachtwagens (77120)
Conclusion Checked

A bankruptcy procedure is open for FROID INVEST according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2020 annual accounts show negative equity (€-861k) and a net result of €-1.61M.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-861k
Net result €-1.61M
Staff (FTE) 6.6
Better than sector 14%
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency33Growth32Stability0
33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 33
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
60 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 1 judicial reorganisation (+10)
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 27-08-2021 with the NBB · fiscal year 2020 · volledig
€-2.00M€-1.50M€-1.00M€-500k€0Operating result 2018: €-206k€-206kNet result 2018: €-752k€-752kOperating result 2019: €11k€11kNet result 2019: €-928k€-928kOperating result 2020: €-518k€-518kNet result 2020: €-1.61M€-1.61M201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 77, Renting & leasing · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency -22.6% 27.4%
better than 14% of 184 sector peers
Net result €-683k €3k
better than 5% of 183 sector peers
Equity €-861k €74k
better than 5% of 184 sector peers
Gross operating margin €1.32M €70k
better than 95% of 175 sector peers
Employees (FTE) 6.6 3.5
better than 66% of 63 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€120k
-80.5% 18-20
Net profit
€-1.61M
-73.6% 18-20
Cash flow
€-973k
-201.3% 18-20
Total assets
€3.81M
-25.9% 18-20
Equity
€-861k
-384.1% 18-20
Working capital
€-1.42M
-58.0% 18-20
Employees (FTE)
7
-13.2% 18-20
Income taxes
€130
-88.0% 18-20
Show 9 other metrics
Debt
€4.67M
-11.2% 18-20
Debt ≤ 1y
€2.34M
-2.1% 18-20
Debt > 1y
€2.20M
-17.5% 18-20
Current ratio
0.39
-37.1% 18-20
Quick ratio
0.36
-34.2% 18-20
Solvency
-22.6%
-552.9% 18-20
Debt / equity
-2.55
+82.9% 18-20
ROE
187.1%
-64.1% 18-20
ROA
-42.3%
-134.2% 18-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenue-
EBITDA€120k
Net profit€-1.61M
Cash flow€-973k
Staff costs-
Income taxes-
Dividends-
Total assets€3.81M
Equity€-861k
Debt€4.67M
of which ≤ 1y€2.34M
of which > 1y€2.20M
Working capital€-1.42M
Employees (FTE)6.6
Ratios (computed)
2020
Current ratio0.39
Quick ratio0.36
Working capital ratio-37.2%
Solvency-22.6%
Debt / equity-2.55
Long-term debt ratio-2.55
Interest coverage-
Gross margin-
Net margin-
ROA-42.3%
ROE187.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€3.81M
Fixed assets 21/28€2.90M
Tangible fixed assets 22/27€2.89M
Financial fixed assets 28€8k
Current assets 29/58€916k
Stocks & contracts in progress 3€65k
Amounts receivable within one year 40/41€752k
Cash & bank 54/58€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.81M
Equity 10/15€-861k
Contributions / capital 10/11€750k
Accumulated profits (losses) 14€-1.61M
Amounts payable 17/49€4.67M
Amounts payable after one year 17€2.20M
Amounts payable within one year 42/48€2.34M
Trade debts payable within one year 44€666k
Income statement
Gross operating margin 9900€1.32M
Operating result 9901€-518k
Financial income 75€2k
Financial charges 65€167k
Result before taxes 9903€-683k
Net result for the period 9904€-683k
Result to be appropriated 9905€-683k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates2 persons
Role Name Tenure Source
Curator JEAN-PHILIPPE RENAUD
QUAI DES ARDENNES 65, 4020 LIEGE 2
 23-06-2022 → present Belgian State Gazette
Curator ALAIN BODEUS
QUAI DE ROME 19/8, 4000 LIEGE 1
 23-06-2022 → present Belgian State Gazette
Legal Structure
NACE primary Verhuur en lease van vrachtwagens(77120)
Legal form Public limited company(014)
Incorporation06-08-2015
StatusActive
Postal code4040
First insolvency signal 03-08-2021
Latest insolvency signal 29-06-2022
Establishment units 1 location
FROID INVEST
Parc Ind. des Hauts Sarts, 2e av 31, 4040 HerstalVervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik
since 20152.253.002.172
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022
29-06-2022
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · FROID INVEST SA PARC IND. DES HAUTS SARTS, 2E AV 31, 4040 HERSTAL · event 23-06-2022
2021
27-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
03-08-2021
Judicial reorganisation Opening
Tribunal de l’entreprise de Liège · collectif · event 29-07-2021
2020
27-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
09-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
24-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
27-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
Lifecycle & Insolvency Signals2 events
29-06-2022
Bankruptcy Opening
Date: 23-06-2022 · Tribunal de l’entreprise de Liège, division Liège · FROID INVEST SA PARC IND. DES HAUTS SARTS, 2E AV 31, 4040 HERSTAL · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 29-07-2021 to 23-06-2022.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262021-08-03 · Judicial reorganisation · Opening2022-06-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Verhuur en lease van vrachtwagens77120Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)95312Carrosserieherstelling45204Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110Carrosserieherstelling (inclusief spuiten en verven)95314
Primary activity highlighted.
Names & trade names
Legal nameFR FROID INVEST
Registered office
Parc Ind. des Hauts Sarts, 2e av 31
4040 Herstal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative