ACTIVE

FRIGO-WAY

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Financial year 2025 · closed on 31/12/2025

Net result

130,6 k €

+499.6% YoY

Revenue

3,9 M €

+5.0% YoY

Equity

64,7 k €

+1.0% YoY

Workforce

18,9 ETP

0.0% YoY

What does FRIGO-WAY do?

FRIGO-WAY is a Private limited company incorporated in 1967. Its registered office is in Braine-l'Alleud. It employs on average 18,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.739.158

Incorporation

31/05/1967

Legal form

Private limited company

Registered office

Grand'Route 552
1428 Braine-l'Alleud · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

18,9 ETP

Joint committees (2)

14003
226

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	3,9 M €	+5.0%	3,7 M €	+1.8%	3,7 M €	-3.1%	3,8 M €	+10.8%	3,4 M €	-2.7%	3,5 M €	+1.2%	3,5 M €	+5.7%	3,3 M €	+0.2%	3,3 M €	+9.0%	3 M €	+1.2%	3 M €	+0.6%	3 M €	+0.6%	2,9 M €	+1.8%	2,9 M €	+1.7%	2,8 M €	+6.1%	2,7 M €	+8.4%	2,5 M €	-5.8%	2,6 M €
EBITDA	385,2 k €	+56.0%	246,9 k €	-29.9%	352 k €	+13.0%	311,6 k €	-2.3%	319 k €	-27.7%	441,5 k €	-14.5%	516,4 k €	+48.5%	347,7 k €	+16.7%	298 k €	-44.9%	541,1 k €	+16.3%	465,1 k €	-2.5%	476,9 k €	-4.6%	500 k €	+12.8%	443,3 k €	-20.9%	560,8 k €	+15.7%	484,8 k €	-2.2%	495,8 k €	+61.2%	307,5 k €
Operating result	185,5 k €	+376%	39 k €	+66.7%	23,4 k €	+1162%	-2,2 k €	+94.4%	-39,3 k €	-133%	119,5 k €	-46.1%	221,8 k €	+185%	78 k €	+14.3%	68,2 k €	-78.3%	315,1 k €	-6.9%	338,3 k €	+18.2%	286,3 k €	+3.8%	275,8 k €	+28.0%	215,5 k €	-31.1%	312,8 k €	+23.3%	253,8 k €	-1.8%	258,5 k €	+55.4%	166,4 k €
Net result	130,6 k €	+500%	21,8 k €	+29.4%	16,8 k €	+268%	-10 k €	+79.5%	-48,8 k €	-164%	76,5 k €	-46.5%	143 k €	+7599%	1,9 k €	-93.8%	29,9 k €	-84.6%	193,9 k €	-41.6%	332 k €	+99.1%	166,7 k €	+26.0%	132,3 k €	+7.1%	123,6 k €	-36.8%	195,5 k €	+11.0%	176,1 k €	-25.1%	235 k €	+81.7%	129,3 k €
Balance sheet
Equity	64,7 k €	+1.0%	64,1 k €	-34.8%	98,3 k €	+20.6%	81,5 k €	-10.9%	91,5 k €	-34.8%	140,3 k €	+120%	63,9 k €	-30.7%	92,2 k €	+2.1%	90,4 k €	-0.1%	90,4 k €	+4.5%	86,5 k €	+58.7%	54,5 k €	+14.1%	47,8 k €	-93.3%	710,5 k €	-55.7%	1,6 M €	+13.9%	1,4 M €	+14.3%	1,2 M €	+23.6%	997,7 k €
Total assets	1,4 M €	+4.6%	1,4 M €	+3.9%	1,3 M €	-16.9%	1,6 M €	-19.9%	2 M €	+11.2%	1,8 M €	-13.6%	2 M €	-5.8%	2,2 M €	-7.5%	2,3 M €	-16.0%	2,8 M €	+66.1%	1,7 M €	-28.9%	2,4 M €	+22.5%	1,9 M €	-37.5%	3,1 M €	+5.5%	2,9 M €	-4.1%	3 M €	+22.0%	2,5 M €	+16.1%	2,2 M €
Cash	151 k €	+9.6%	137,7 k €	+13.3%	121,6 k €	-29.2%	171,7 k €	-14.2%	200,1 k €	+41.4%	141,5 k €	-21.8%	181,1 k €	-34.7%	277,5 k €	-0.5%	278,8 k €	-78.7%	1,3 M €	+491%	221,8 k €	+72.3%	128,8 k €	+144%	52,8 k €	-17.4%	63,9 k €	-62.6%	171 k €	+24.3%	137,5 k €	-76.6%	587,5 k €	+165%	221,7 k €
Debts	1,4 M €	+5.1%	1,3 M €	+6.6%	1,2 M €	-18.6%	1,5 M €	-20.5%	1,9 M €	+14.8%	1,6 M €	-17.7%	2 M €	-2.8%	2 M €	-9.8%	2,3 M €	-16.6%	2,7 M €	+71.6%	1,6 M €	-31.2%	2,3 M €	+27.3%	1,8 M €	-23.1%	2,3 M €	+78.8%	1,3 M €	-19.3%	1,6 M €	+27.9%	1,3 M €	+9.6%	1,2 M €
Other
Workforce	18,9 ETP	0.0%	18,9 ETP	-14.1%	22,0 ETP	+6.8%	20,6 ETP	+13.8%	18,1 ETP	-15.0%	21,3 ETP	+3.4%	20,6 ETP	+21.2%	17,0 ETP	+24.1%	13,7 ETP	+11.4%	12,3 ETP	+10.8%	11,1 ETP	-16.5%	13,3 ETP	0.0%	13,3 ETP	-0.7%	13,4 ETP	+5.5%	12,7 ETP	+9.5%	11,6 ETP	-20.0%	14,5 ETP	-17.1%	17,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

DAVID PARENT MANAGEMENT & CONSULTANCE

Director · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Active

Ended mandates

BOGAERT & BOSMANS Bedrijfsrevisoren - Réviseurs d'Entreprises

Mandate · since 31 octobre 2019 · until 23 mai 2022 · 0870.626.369

Represented by Pëter Bogaert

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Manager · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Manager · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Director · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

At this address

Other companies at this address

Company	CBE no.
Royal Business Corporation● Liquidation	0423.174.772
ROYAL BUSINESS PRODUCTION● Liquidation	0437.446.739
VACHE BLEUE● Active	0401.586.631
VACHE BLEUE GROUP● Active	0721.679.802

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	07/07/2025	24/06/2024	25/08/2023	19/07/2022	26/10/2021
General meeting	28/07/2026	26/06/2025	13/06/2024	20/07/2023	07/07/2022	14/10/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/07/2026	31/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	13/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	20/07/2023	25/08/2023	French	PDF
Full model	31/12/2021	07/07/2022	19/07/2022	French	PDF
Full model	31/12/2020	14/10/2021	26/10/2021	French	PDF
Full model	31/12/2019	23/10/2020	29/10/2020	French	PDF
Full model	31/12/2018	31/10/2019	22/11/2019	French	PDF
Full model	31/12/2017	19/06/2018	04/07/2018	French	PDF
Full model	31/12/2016	05/10/2017	06/10/2017	French	PDF
Full model	31/12/2015	30/06/2016	11/07/2016	French	PDF
Full model	31/12/2014	20/08/2015	31/08/2015	French	PDF
Full model	31/12/2013	11/07/2014	28/07/2014	French	PDF
Full model	31/12/2012	12/06/2013	26/06/2013	French	PDF
Full model	31/12/2011	28/05/2012	13/06/2012	French	PDF
Full model	31/12/2010	23/05/2011	23/06/2011	French	PDF
Full model	31/12/2009	25/05/2010	03/06/2010	French	PDF
Full model	31/12/2008	25/05/2009	16/07/2009	French	PDF
Full model	31/12/2007	28/05/2008	17/06/2008	French	PDF
Full model	31/12/2006	28/05/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

DAVID PARENT MANAGEMENT & CONSULTANCE

Director · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Active

Ended mandates

BOGAERT & BOSMANS Bedrijfsrevisoren - Réviseurs d'Entreprises

Mandate · since 31 octobre 2019 · until 23 mai 2022 · 0870.626.369

Represented by Pëter Bogaert

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Manager · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Manager · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

DAVID PARENT MANAGEMENT & CONSULTANCE

Director · since 06 juillet 2012 · 0846.990.538

Represented by David Parent

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates21/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates16/12/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2012
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025130,6 k €↑
2024
Annual accounts 202421,8 k €↑
2023
Annual accounts 202316,8 k €↑
2022
Annual accounts 2022-10 k €↑
2021
Annual accounts 2021-48,8 k €↓
2020
Annual accounts 202076,5 k €↓
2019
Annual accounts 2019143 k €↑
2018
Annual accounts 20181,9 k €↓
2017
Annual accounts 201729,9 k €↓
2016
Annual accounts 2016193,9 k €↓
2015
Annual accounts 2015332 k €↑
2014
Annual accounts 2014166,7 k €↑
2013
Annual accounts 2013132,3 k €↑
2012
Annual accounts 2012123,6 k €↓
2011
Annual accounts 2011195,5 k €↑
2010
Annual accounts 2010176,1 k €↓
2009
Annual accounts 2009235 k €↑
2008
Annual accounts 2008129,3 k €
31/05/1967
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FRIGO-WAY

Overview

What does FRIGO-WAY do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline