ACTIVE

FRIGOMIL

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Financial year 2024 · closed on 31/12/2024

Net result

26,1 k €

+17.9% YoY

Revenue

17,4 M €

+3.5% YoY

Equity

2,5 M €

+1.1% YoY

Workforce

54,2 ETP

+3.4% YoY

What does FRIGOMIL do?

FRIGOMIL is a Public limited company incorporated in 1990. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Meise. It employs on average 54,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.972.076

Incorporation

12/12/1990

Legal form

Public limited company

Registered office

Driesstraat 160
1861 Meise · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2024

Average workforce

54,2 ETP

Activities (NACE)

28250Manufacture of non-domestic cooling and ventilation equipment· main 28250Manufacture of non-domestic cooling and ventilation equipment 31001Manufacture of furniture 31010Manufacture of office and shop furniture 36122Water collection, treatment and supply

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	17,4 M €	+3.5%	16,8 M €	+3.3%	16,3 M €	+3.7%	15,7 M €	+1.5%	15,5 M €	-6.7%	16,6 M €	+3.5%	16 M €	+5.2%	15,2 M €	-8.0%	16,5 M €	+15.7%	14,3 M €	+14.4%	12,5 M €	-6.0%	13,3 M €	-11.0%	14,9 M €	-13.7%	17,3 M €	+3.8%	16,7 M €	+4.8%	15,9 M €	+4.0%	15,3 M €	-9.1%	16,8 M €	+6.8%	15,8 M €
EBITDA	148,2 k €	+110%	70,7 k €	-54.0%	153,7 k €	-12.4%	175,6 k €	-58.1%	419,4 k €	+977%	-47,8 k €	-114%	334 k €	+75.0%	190,8 k €	-22.0%	244,8 k €	+54.3%	158,6 k €	+721%	-25,6 k €	-127%	96,4 k €	-54.6%	212,3 k €	-34.4%	323,6 k €	-31.9%	475,1 k €	-9.3%	523,7 k €	-43.1%	921 k €	-7.2%	992,1 k €	+157%	386,3 k €
Operating result	75,1 k €	-16.6%	90 k €	+1.3%	88,8 k €	+27.2%	69,8 k €	-75.3%	282,2 k €	+387%	57,9 k €	+3.0%	56,2 k €	+2.0%	55,1 k €	+165%	20,8 k €	-80.7%	107,9 k €	+11767%	-924,9 €	-153%	1,7 k €	-97.9%	82,9 k €	-58.8%	201,1 k €	-33.7%	303,4 k €	-38.6%	493,9 k €	-30.1%	706,6 k €	-42.9%	1,2 M €	+114%	578,4 k €
Net result	26,1 k €	+17.9%	22,1 k €	-51.2%	45,2 k €	+23.9%	36,5 k €	-83.9%	226,9 k €	+1160%	18 k €	-46.0%	33,4 k €	-39.1%	54,8 k €	+188%	19 k €	-82.1%	106,3 k €	+1093%	8,9 k €	+4.9%	8,5 k €	-92.0%	106,8 k €	-15.8%	126,8 k €	-34.7%	194,2 k €	-45.3%	355 k €	-26.4%	482,2 k €	-42.0%	830,8 k €	+125%	370 k €
Balance sheet
Equity	2,5 M €	+1.1%	2,4 M €	+0.9%	2,4 M €	+1.9%	2,4 M €	+1.6%	2,3 M €	+10.7%	2,1 M €	+0.9%	2,1 M €	+1.6%	2,1 M €	+2.7%	2 M €	+1.0%	2 M €	+5.6%	1,9 M €	+0.5%	1,9 M €	+0.5%	1,9 M €	+6.1%	1,8 M €	-40.0%	2,9 M €	+7.1%	2,7 M €	+14.9%	2,4 M €	+25.4%	1,9 M €	+77.7%	1,1 M €
Total assets	8 M €	-2.1%	8,1 M €	-8.5%	8,9 M €	+9.5%	8,1 M €	+0.4%	8,1 M €	+14.4%	7,1 M €	+13.9%	6,2 M €	+7.7%	5,8 M €	+8.0%	5,3 M €	-3.0%	5,5 M €	-8.6%	6 M €	-1.3%	6,1 M €	-11.3%	6,9 M €	-15.6%	8,1 M €	+7.9%	7,5 M €	+2.3%	7,4 M €	+13.4%	6,5 M €	-9.1%	7,1 M €	+19.1%	6 M €
Cash	356,8 k €	+107%	172,2 k €	-45.1%	313,5 k €	+10.9%	282,6 k €	-8.5%	308,8 k €	-32.0%	454,3 k €	-39.9%	755,9 k €	+51.8%	497,9 k €	-54.9%	1,1 M €	+36.7%	807,4 k €	-46.0%	1,5 M €	+23.1%	1,2 M €	-2.2%	1,2 M €	-45.4%	2,3 M €	-12.4%	2,6 M €	+80.3%	1,4 M €	+20.1%	1,2 M €	-50.5%	2,4 M €	+28.4%	1,9 M €
Debts	5,3 M €	-3.6%	5,5 M €	-12.4%	6,3 M €	+13.4%	5,6 M €	+0.5%	5,5 M €	+23.1%	4,5 M €	+25.0%	3,6 M €	+19.1%	3 M €	+11.4%	2,7 M €	-5.6%	2,9 M €	-14.0%	3,3 M €	+6.7%	3,1 M €	-13.4%	3,6 M €	-24.3%	4,8 M €	+56.7%	3 M €	-3.6%	3,2 M €	+18.4%	2,7 M €	-27.2%	3,7 M €	+7.2%	3,4 M €
Other
Workforce	54,2 ETP	+3.4%	52,4 ETP	-0.6%	52,7 ETP	+1.9%	51,7 ETP	+0.4%	51,5 ETP	-7.7%	55,8 ETP	-12.0%	63,4 ETP	+1.0%	62,8 ETP	-0.2%	62,9 ETP	-7.5%	68,0 ETP	-2.2%	69,5 ETP	-6.3%	74,2 ETP	-3.9%	77,2 ETP	-6.7%	82,7 ETP	+1.1%	81,8 ETP	+0.7%	81,2 ETP	-3.2%	83,9 ETP	-0.7%	84,5 ETP	-0.2%	84,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 16 ended

Active mandates

Mark VAN MILEGHEM

Director · since 22 décembre 2022 · until 02 juin 2028

Active

Stefaan VAN MILEGHEM

Managing director · since 22 décembre 2022 · until 02 juin 2028

Active

Ended mandates

Stefaan VAN MILEGHEM

Director · since 22 décembre 2022 · until 04 juin 2027

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 22 décembre 2022

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 05 septembre 2023

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 05 juin 2026

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2025	11/07/2024	28/09/2023	12/07/2022	30/08/2021	05/07/2021
General meeting	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
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	31/12/2024	27/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/09/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	30/08/2021	Dutch	PDF
Full modelCorrection	31/12/2019	30/06/2020	05/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	07/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	09/08/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	25/08/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	22/08/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	06/08/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	17/08/2011	16/09/2011	Dutch	PDF
Full model	31/12/2009	16/07/2010	10/08/2010	Dutch	PDF
Full model	31/12/2008	10/07/2009	05/08/2009	Dutch	PDF
Full model	31/12/2007	01/08/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 2 active · 16 ended

Active mandates

Mark VAN MILEGHEM

Director · since 22 décembre 2022 · until 02 juin 2028

Active

Stefaan VAN MILEGHEM

Managing director · since 22 décembre 2022 · until 02 juin 2028

Active

Ended mandates

Stefaan VAN MILEGHEM

Director · since 22 décembre 2022 · until 04 juin 2027

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 22 décembre 2022

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 05 septembre 2023

Ended

Lucien VAN MILEGHEM

Managing director · since 30 juin 2020 · until 05 juin 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2024
ALGEMENE VERGADERING
PDF
Mandates18/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2012
KAPITAAL - AANDELEN
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

2024
Annual accounts 202426,1 k €↑
2023
Annual accounts 202322,1 k €↓
2022
Annual accounts 202245,2 k €↑
2021
Annual accounts 202136,5 k €↓
2020
Annual accounts 2020226,9 k €↑
2019
Annual accounts 201918 k €↓
2018
Annual accounts 201833,4 k €↓
2017
Annual accounts 201754,8 k €↑
2016
Annual accounts 201619 k €↓
2015
Annual accounts 2015106,3 k €↑
2014
Annual accounts 20148,9 k €↑
2013
Annual accounts 20138,5 k €↓
2012
Annual accounts 2012106,8 k €↓
2011
Annual accounts 2011126,8 k €↓
2010
Annual accounts 2010194,2 k €↓
2009
Annual accounts 2009355 k €↓
2008
Annual accounts 2008482,2 k €↓
2007
Annual accounts 2007830,8 k €↑
2006
Annual accounts 2006370 k €
12/12/1990
IncorporationPublic 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

FRIGOMIL

Overview

What does FRIGOMIL do?

Trend over 19 financial years

Indicative valuation

Board of directors

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