OPENING OF BANKRUPTCY

Froster

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Financial year 2023 · closed on 31/12/2023

Net result

-363,1 k €

-1700.8% YoY

Revenue

24,3 M €

+2.2% YoY

Equity

1,3 M €

-22.2% YoY

Workforce

34,7 ETP

-1.1% YoY

Company — Opening of bankruptcy.

What does Froster do?

Froster is a Public limited company incorporated in 1998. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Lokeren. It employs on average 34,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0462.716.031

Incorporation

20/02/1998

Legal form

Public limited company

Registered office

Zoomstraat 2
9160 Lokeren · FlandreSee on map

Contributed capital

1 400 000,00 €

Latest accounts

31/12/2023

Average workforce

34,7 ETP

Activities (NACE)

46391Non-specialised wholesale of food, beverages and tobacco· main 46391Non-specialised wholesale of food, beverages and tobacco 51391Air transport 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47111Retail sale in non-specialised stores with food, beverages or tobacco predominating 52111Warehousing and storage

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2023		2022		2021		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	24,3 M €	+2.2%	23,8 M €	+4.9%	22,7 M €	-0.2%	22,7 M €	-0.1%	22,7 M €	+0.2%	22,7 M €	+38.5%	16,4 M €		–		–		–		–		–
EBITDA	160 k €	-72.1%	572,9 k €	+363%	123,7 k €	-86.9%	946 k €	+7.9%	876,8 k €	+54.1%	568,9 k €	+94.7%	292,2 k €	-52.1%	609,8 k €	-0.6%	613,8 k €	+77.3%	346,2 k €	-43.1%	608,6 k €	+75.9%	346 k €
Operating result	-269,7 k €	-476%	71,8 k €	+126%	-278,2 k €	-174%	374,8 k €	-34.3%	570 k €	+173%	208,7 k €	+596%	-42 k €	-111%	374,5 k €	+12.4%	333,1 k €	+70.0%	195,9 k €	-59.0%	478 k €	+82.5%	261,9 k €
Net result	-363,1 k €	-1701%	-20,2 k €	+94.2%	-345,5 k €	-327%	152 k €	-55.8%	344,1 k €	+894%	34,6 k €	+122%	-154,8 k €	-172%	214 k €	+13.9%	187,9 k €	+53.5%	122,4 k €	-57.4%	287,5 k €	+292%	-149,4 k €
Balance sheet
Equity	1,3 M €	-22.2%	1,6 M €	-1.2%	1,7 M €	-18.7%	2 M €	+8.0%	1,9 M €	+22.3%	1,5 M €	+2.3%	1,5 M €	+74.6%	864,3 k €	+32.9%	650,3 k €	+40.6%	462,4 k €	+36.0%	340 k €	+548%	52,5 k €
Total assets	7,9 M €	-0.3%	8 M €	+7.3%	7,4 M €	+15.8%	6,4 M €	-5.2%	6,8 M €	+5.4%	6,4 M €	-6.1%	6,8 M €	+85.8%	3,7 M €	+1.3%	3,6 M €	-13.7%	4,2 M €	+23.3%	3,4 M €	+2.9%	3,3 M €
Cash	625,1 k €	+22.2%	511,5 k €	-24.3%	675,3 k €	+43.4%	470,9 k €	-20.5%	592 k €	+224%	182,6 k €	+0.3%	182,2 k €	-37.5%	291,4 k €	+69.2%	172,3 k €	-60.9%	440,3 k €	+189%	152,5 k €	-76.0%	634,7 k €
Debts	6,7 M €	+5.3%	6,3 M €	+9.7%	5,8 M €	+32.5%	4,4 M €	-10.7%	4,9 M €	+0.1%	4,9 M €	-8.5%	5,3 M €	+94.4%	2,7 M €	-5.8%	2,9 M €	-20.8%	3,7 M €	+21.0%	3 M €	-7.0%	3,3 M €
Other
Workforce	34,7 ETP	-1.1%	35,1 ETP	-5.6%	37,2 ETP	-4.4%	38,9 ETP	-9.5%	43,0 ETP	+25.0%	34,4 ETP	+1.5%	33,9 ETP	+37.2%	24,7 ETP	-3.9%	25,7 ETP	+33.2%	19,3 ETP	-5.9%	20,5 ETP	+9.6%	18,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 13 ended

Active mandates

Froster Holding BV

Managing director · since 01 août 2021 · until 10 juin 2027 · 0728.947.575

Represented by John Rombouts

Active

Nicolaas Franciscus Rombouts

Director · since 11 juin 2021 · until 10 juin 2027

Active

Nocolaas Franciscus Rombouts

Director · since 11 juin 2021 · until 10 juin 2027

Active

Ended mandates

Froster Holding BV

Gedelegeerd bestuurder · since 01 août 2021 · until 10 juin 2027 · 0728.947.575

Represented by John Rombouts

Ended

Stefaan Ooninckx

Bestuurder · since 01 août 2021 · until 31 juillet 2022

Ended

Nicolaas Franciscus Rombouts

Bestuurder · since 11 juin 2021 · until 10 juin 2027

Ended

Froster Holding BU

Managing director · since 26 juin 2019 · until 11 juin 2021

Represented by Johannes Rombouts

Ended

At this address

Other companies at this address

Company	CBE no.
ROELS PALLET SOLUTIONS● Active	0807.868.557

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/01/2025	29/09/2023	14/09/2022	15/06/2021	12/08/2020	26/06/2019
General meeting	27/09/2024	29/09/2023	09/06/2022	10/06/2021	07/07/2020	31/05/2019
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
Full modelCorrection	31/12/2023	27/09/2024	07/01/2025	Dutch	PDF
Full modelCorrection	31/12/2023	27/09/2024	21/10/2024	Dutch	PDF
Full model	31/12/2023	27/09/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	29/09/2023	29/09/2023	Dutch	PDF
Full model	31/12/2021	09/06/2022	14/09/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	07/07/2020	12/08/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	20/09/2017	02/10/2017	Dutch	PDF
Full model	31/12/2015	09/06/2016	16/08/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	28/09/2015	Dutch	PDF
Full model	31/12/2013	12/06/2014	08/09/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	13/07/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	17/07/2007	Dutch	PDF
Abridged modelCorrection	31/12/2005	30/06/2006	09/01/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2023 · 3 active · 13 ended

Active mandates

Froster Holding BV

Managing director · since 01 août 2021 · until 10 juin 2027 · 0728.947.575

Represented by John Rombouts

Active

Nicolaas Franciscus Rombouts

Director · since 11 juin 2021 · until 10 juin 2027

Active

Nocolaas Franciscus Rombouts

Director · since 11 juin 2021 · until 10 juin 2027

Active

Ended mandates

Froster Holding BV

Gedelegeerd bestuurder · since 01 août 2021 · until 10 juin 2027 · 0728.947.575

Represented by John Rombouts

Ended

Stefaan Ooninckx

Bestuurder · since 01 août 2021 · until 31 juillet 2022

Ended

Nicolaas Franciscus Rombouts

Bestuurder · since 11 juin 2021 · until 10 juin 2027

Ended

Froster Holding BU

Managing director · since 26 juin 2019 · until 11 juin 2021

Represented by Johannes Rombouts

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2019
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other03/06/2015
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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2023
Annual accounts 2023-363,1 k €↓
2022
Annual accounts 2022-20,2 k €↑
2021
Annual accounts 2021-345,5 k €↓
2018
Name changeFROSTER
2014
Annual accounts 2014152 k €↓
2013
Annual accounts 2013344,1 k €↑
2012
Annual accounts 201234,6 k €↑
2011
Annual accounts 2011-154,8 k €↓
2010
Annual accounts 2010214 k €↑
2009
Annual accounts 2009187,9 k €↑
2008
Annual accounts 2008122,4 k €↓
2007
Annual accounts 2007287,5 k €↑
2006
Annual accounts 2006-149,4 k €
2006
Name changeROMECK
20/02/1998
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

Froster

Overview

What does Froster do?

Trend over 12 financial years

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