ACTIVE

FRIGOLAND

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Financial year 2024 · closed on 31/12/2024

Net result

9,6 k €

+152.9% YoY

Gross margin

117,4 k €

+47.1% YoY

Equity

493,8 k €

+2.0% YoY

What does FRIGOLAND do?

FRIGOLAND is a Public limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.317.847

Incorporation

08/06/1993

Legal form

Public limited company

Registered office

Knippweg 28
4700 Eupen · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	117,4 k €	+47.1%	79,8 k €	-29.8%	113,7 k €	+10.9%	102,6 k €	-20.3%	128,8 k €	+84.3%	69,9 k €	+236%	20,8 k €	-10.2%	23,2 k €	-16.4%	27,7 k €	-15.6%	32,8 k €	-53.3%	70,2 k €	-17.3%	84,9 k €	+38.1%	61,5 k €	+216%	19,5 k €	+1798%	1 k €	+111%	485,3 €	+103%	-15,7 k €	+29.7%	-22,3 k €	-699%	3,7 k €
EBITDA	76,2 k €	+62.5%	46,9 k €	-42.2%	81,1 k €	+11.9%	72,5 k €	-26.0%	97,9 k €	+130%	42,6 k €	-74.5%	166,8 k €	+1115%	-16,4 k €	-16.4%	-14,1 k €	-147%	30,2 k €	-55.6%	68,1 k €	-17.4%	82,4 k €	+39.5%	59 k €	+239%	17,4 k €	+2516%	-720 €	+47.4%	-1,4 k €	+92.5%	-18,3 k €	+32.6%	-27,2 k €	-3697%	756,7 €
Operating result	22,2 k €	+555%	-4,9 k €	-115%	32 k €	-13.6%	37 k €	-47.5%	70,6 k €	+880%	7,2 k €	-95.3%	152,7 k €	+611%	-29,9 k €	-9.9%	-27,2 k €	-252%	17,9 k €	-66.8%	53,8 k €	+91.1%	28,1 k €	-40.1%	47 k €	+817%	5,1 k €	+126%	-19,9 k €	-6.7%	-18,6 k €	+50.9%	-38 k €	+19.3%	-47,1 k €	-147%	-19 k €
Net result	9,6 k €	+153%	-18 k €	-202%	17,7 k €	-23.0%	23 k €	-61.2%	59,1 k €	+875%	-7,6 k €	-102%	365,1 k €	+744%	-56,6 k €	-22.9%	-46,1 k €	-44.5%	-31,9 k €	-342%	-7,2 k €	+63.7%	-19,9 k €	-262%	-5,5 k €	-103%	207,6 k €	+491%	-53,1 k €	-210%	-17,2 k €	+90.2%	-175,5 k €	-154%	-69,2 k €	-131%	-30 k €
Balance sheet
Equity	493,8 k €	+2.0%	484,3 k €	-3.6%	502,3 k €	+3.6%	484,6 k €	+5.0%	461,7 k €	+14.7%	402,5 k €	-1.9%	410,2 k €	+809%	45,1 k €	-55.7%	101,7 k €	-31.2%	147,8 k €	-17.7%	179,7 k €	-3.9%	186,9 k €	-9.6%	206,8 k €	-2.6%	212,3 k €	+4385%	4,7 k €	-91.8%	57,8 k €	-22.9%	75 k €	-70.1%	250,4 k €	-21.6%	319,6 k €
Total assets	893,5 k €	+0.6%	888,4 k €	-3.5%	920,3 k €	-3.2%	950,9 k €	+2.1%	931,1 k €	-0.6%	936,4 k €	+9.2%	857,4 k €	+48.1%	578,9 k €	-5.6%	613,3 k €	-2.7%	630,6 k €	-6.8%	676,9 k €	-7.8%	734,3 k €	-8.9%	805,7 k €	-15.8%	957,1 k €	+29.2%	740,6 k €	-0.9%	747,5 k €	-0.6%	751,8 k €	-22.8%	973,6 k €	-5.1%	1 M €
Cash	128,2 k €	+136%	54,4 k €	-41.4%	92,8 k €	+10.3%	84,2 k €	-30.4%	121 k €	+7.5%	112,5 k €	-79.5%	549,7 k €	+2922%	18,2 k €	-81.9%	100,8 k €	+39.9%	72 k €	-33.9%	108,9 k €	-31.0%	157,9 k €	+49.9%	105,4 k €	-12.2%	119,9 k €	+787%	13,5 k €	-71.8%	47,9 k €	+917%	4,7 k €	-60.6%	12 k €	-92.4%	156,5 k €
Debts	168,5 k €	+3.2%	163,3 k €	-3.4%	169,1 k €	-19.4%	209,7 k €	+4.5%	200,8 k €	-21.5%	255,9 k €	+61.0%	158,9 k €	+37.9%	115,2 k €	+47.6%	78,1 k €	+131%	33,7 k €	+3.5%	32,6 k €	-51.9%	67,8 k €	-34.6%	103,7 k €	-55.8%	234,7 k €	+11.3%	210,8 k €	+40.4%	150,1 k €	+22.2%	122,9 k €	-16.6%	147,3 k €	+18.9%	123,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Frédéric PELZER

Director

Active

Helmut PELZER

Director

Active

Ended mandates

Frédéric PELZER

Director · since 19 avril 2011 · until 19 avril 2016

Ended

Helmut PELZER

Managing director · since 19 avril 2011 · until 19 avril 2016

Ended

Frédéric PELZER

Director · since 19 avril 2005 · until 19 avril 2011

Ended

Helmut PELZER

Managing director · since 19 avril 2005 · until 19 avril 2011

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	09/10/2025	30/07/2024	30/08/2023	29/08/2022	18/08/2021	23/09/2020
General meeting	15/05/2025	16/04/2024	18/04/2023	19/04/2022	20/04/2021	14/04/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	15/05/2025	09/10/2025	French	PDF
Micro model	31/12/2023	16/04/2024	30/07/2024	French	PDF
Micro model	31/12/2022	18/04/2023	30/08/2023	French	PDF
Micro model	31/12/2021	19/04/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	20/04/2021	18/08/2021	French	PDF
Abridged model	31/12/2019	14/04/2020	23/09/2020	French	PDF
Abridged model	31/12/2018	16/04/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	17/04/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	18/04/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	19/04/2016	02/08/2016	French	PDF
Abridged model	31/12/2014	21/04/2015	22/07/2015	French	PDF
Abridged model	31/12/2013	15/04/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	16/04/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	17/04/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	19/04/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	20/04/2010	18/06/2010	German	PDF
Abridged model	31/12/2008	21/04/2009	24/04/2009	German	PDF
Abridged model	31/12/2007	15/04/2008	20/05/2008	German	PDF
Abridged model	31/12/2006	17/04/2007	22/05/2007	German	PDF
Abridged model	31/12/2004	19/04/2005	06/02/2007	German	PDF
Abridged model	31/12/2003	20/04/2004	06/02/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 5 ended

Active mandates

Frédéric PELZER

Director

Active

Helmut PELZER

Director

Active

Ended mandates

Frédéric PELZER

Director · since 19 avril 2011 · until 19 avril 2016

Ended

Helmut PELZER

Managing director · since 19 avril 2011 · until 19 avril 2016

Ended

Frédéric PELZER

Director · since 19 avril 2005 · until 19 avril 2011

Ended

Helmut PELZER

Managing director · since 19 avril 2005 · until 19 avril 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring24/01/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates18/10/2018
DEMISSIONS, NOMINATIONS
PDF
Restructuring18/10/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/02/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates12/05/2005
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares22/07/2003
GENERALVERSAMMLUNG - KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Registered office20/09/2002
SIEGE SOCIAL
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 20249,6 k €↑
2023
Annual accounts 2023-18 k €↓
2022
Annual accounts 202217,7 k €↓
2021
Annual accounts 202123 k €↓
2020
Annual accounts 202059,1 k €↑
2019
Annual accounts 2019-7,6 k €↓
2018
Annual accounts 2018365,1 k €↑
2017
Annual accounts 2017-56,6 k €↓
2016
Annual accounts 2016-46,1 k €↓
2015
Annual accounts 2015-31,9 k €↓
2014
Annual accounts 2014-7,2 k €↑
2013
Annual accounts 2013-19,9 k €↓
2012
Annual accounts 2012-5,5 k €↓
2011
Annual accounts 2011207,6 k €↑
2010
Annual accounts 2010-53,1 k €↓
2009
Annual accounts 2009-17,2 k €↑
2008
Annual accounts 2008-175,5 k €↓
2007
Annual accounts 2007-69,2 k €↓
2006
Annual accounts 2006-30 k €
08/06/1993
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

FRIGOLAND

Overview

What does FRIGOLAND 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