ACTIVE

FRIGO GROTECLAES

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Financial year 2025 · Closed on 31/12/2025

Net result-84,5 k €-303,1 %over 1 year

Gross margin316,9 k €-33,4 %over 1 year

Equity1,3 M €-6,1 %over 1 year

Workforce2,1 ETP-47,5 %over 1 year

Identity

Source · BCE/KBO

FRIGO GROTECLAES is a Public limited company incorporated in 1980. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Eupen. It employs on average 2,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.208.543
Incorporation: 22/12/1980
Legal form: Public limited company
Registered office: Rue de Herbesthal 156
4700 Eupen · WallonieSee on map
Contributed capital: 502 145,08 €
Latest accounts: 31/12/2025
Average workforce: 2,1 ETP

Activities (NACE)

28250Manufacture of non-domestic cooling and ventilation equipment· main 28250Manufacture of non-domestic cooling and ventilation equipment 51430Air transport 43211Electrical installation 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories+8

Joint committees (3)

14901
200
218

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	316,9 k €	-33.4%	476,2 k €	-13.9%	553,2 k €	+3.0%	537,1 k €	+30.4%	411,9 k €
EBITDA	15,8 k €	-91.3%	182,3 k €	-28.1%	253,5 k €	-11.8%	287,4 k €	+25.5%	229,1 k €
Operating result	-44 k €	-141%	107,6 k €	-37.0%	170,7 k €	-7.1%	183,8 k €	+34.8%	136,3 k €
Net result	-84,5 k €	-303%	41,6 k €	-55.1%	92,7 k €	-15.5%	109,8 k €	+37.6%	79,8 k €
Balance sheet
Equity	1,3 M €	-6.1%	1,4 M €	+2.7%	1,4 M €	+6.8%	1,3 M €	+6.6%	1,2 M €
Total assets	2,1 M €	-4.3%	2,1 M €	-3.7%	2,2 M €	+6.0%	2,1 M €	-1.7%	2,1 M €
Cash	1,4 M €	+2.2%	1,3 M €	+6.8%	1,2 M €	+25.9%	985,5 k €	-5.2%	1 M €
Debts	675,4 k €	+0.4%	672,6 k €	-16.7%	807,5 k €	+3.6%	779,3 k €	-13.2%	897,5 k €
Other
Workforce	2,1 ETP	-47.5%	4,0 ETP	-2.4%	4,1 ETP	+5.1%	3,9 ETP	+25.8%	3,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 10 ended

Active mandates

Christian GROTECLAES

Managing director · since 05 juin 2020

Active

Ended mandates

CHRISTIAN GROTECLAES

Managing director · since 12 février 2021

Ended

CHRISTIAN GROTECLAES

Managing director · since 05 juin 2020 · until 05 juin 2026

Ended

CHRISTIAN GROTECLAES

Administrator - manager · since 05 juin 2020 · until 05 juin 2026

Ended

MONIKA ERNST

Director · since 05 juin 2015 · until 04 juin 2021

Ended

Other companies at this address

Rue de Herbesthal 156 4700 Eupen

Company	CBE no.
MEGACOOL● Active	1026.095.494

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	03/07/2026	11/07/2025	30/08/2024	20/07/2023	20/06/2022	23/06/2021
General meeting	05/06/2026	27/06/2025	07/06/2024	23/06/2023	03/06/2022	18/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	03/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	11/07/2025	German	PDF
Abridged model	31/12/2023	07/06/2024	30/08/2024	German	PDF
Abridged model	31/12/2022	23/06/2023	20/07/2023	German	PDF
Abridged model	31/12/2021	03/06/2022	20/06/2022	German	PDF
Abridged model	31/12/2020	18/06/2021	23/06/2021	German	PDF
Abridged model	31/12/2019	14/08/2020	20/08/2020	German	PDF
Abridged model	31/12/2018	28/06/2019	25/07/2019	German	PDF
Abridged model	31/12/2017	22/06/2018	22/08/2018	German	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	28/08/2015	German	PDF
Abridged model	31/12/2013	16/04/2014	14/05/2014	French	PDF
Abridged model	31/12/2012	07/08/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	09/09/2011	16/09/2011	French	PDF
Abridged model	31/12/2009	13/10/2010	27/10/2010	French	PDF
Abridged model	31/12/2008	29/04/2009	15/05/2009	French	PDF
Abridged model	31/12/2007	21/05/2008	12/06/2008	French	PDF
Abridged model	31/12/2006	07/06/2007	09/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 10 ended

Active mandates

Christian GROTECLAES

Managing director · since 05 juin 2020

Active

Ended mandates

CHRISTIAN GROTECLAES

Managing director · since 12 février 2021

Ended

CHRISTIAN GROTECLAES

Managing director · since 05 juin 2020 · until 05 juin 2026

Ended

CHRISTIAN GROTECLAES

Administrator - manager · since 05 juin 2020 · until 05 juin 2026

Ended

MONIKA ERNST

Director · since 05 juin 2015 · until 04 juin 2021

Ended

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other14/07/2026
—
PDF
Mandates16/03/2021
GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates21/10/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates05/10/2015
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares14/02/2014
KAPITAL - AKTIEN
PDF
Restructuring25/08/2009
KAPITAL - AKTIEN - RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
PDF
Restructuring05/06/2009
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
PDF
Capital / shares15/12/2005
KAPITAL - AKTIEN - GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-84,5 k €↓
2024
Annual accounts 202441,6 k €↓
2023
Annual accounts 202392,7 k €↓
2022
Annual accounts 2022109,8 k €↑
2021
Annual accounts 202179,8 k €↑
2020
Annual accounts 202059,9 k €↓
2019
Annual accounts 2019243,3 k €↑
2018
Annual accounts 201854,7 k €↑
2017
Annual accounts 201726,6 k €↑
2016
Annual accounts 201620,8 k €↓
2015
Annual accounts 2015106 k €↑
2014
Annual accounts 2014-45,6 k €↓
2013
Annual accounts 201356,5 k €↓
2012
Annual accounts 201270,2 k €↓
2011
Annual accounts 2011110,3 k €↑
2008
Annual accounts 200885,8 k €
22/12/1980
IncorporationPublic limited company

FRIGO GROTECLAES

Overview

Identity

Financials

Valuation

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

Timeline