OPENING OF BANKRUPTCY

FRIGEL

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Financial year 2020 · closed on 31/03/2020

Net result

12,9 k €

+843.6% YoY

Gross margin

51,2 k €

+11.0% YoY

Equity

83,1 k €

+10.5% YoY

Company — Opening of bankruptcy.

What does FRIGEL do?

FRIGEL is a Private company with limited liability incorporated in 2003. Its registered office is in Aalst.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0480.446.344

Incorporation

03/06/2003

Legal form

Private company with limited liability

Registered office

Drie Sleutelsstraat 74
9300 Aalst · FlandreSee on map

Latest accounts

31/03/2020

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	51,2 k €	+11.0%	46,1 k €	-11.3%	52 k €	-16.6%	62,3 k €	-40.1%	104 k €	-12.5%	118,8 k €	-3.6%	123,3 k €	+37.9%	89,4 k €	-20.8%	112,8 k €	+2.1%	110,5 k €	-0.3%	110,8 k €	-3.6%	115 k €	+83.2%	62,8 k €	-26.9%	85,8 k €
EBITDA	43,3 k €	+23.3%	35,1 k €	-21.2%	44,6 k €	-18.7%	54,9 k €	-5.9%	58,3 k €	-4.7%	61,2 k €	-13.9%	71,1 k €	+7.4%	66,2 k €	-13.7%	76,8 k €	-2.7%	78,9 k €	-0.2%	79 k €	-5.3%	83,4 k €	+55.7%	53,6 k €	-21.0%	67,9 k €
Operating result	15,8 k €	+319%	3,8 k €	-78.1%	17,3 k €	+43.5%	12 k €	-7.0%	12,9 k €	-11.6%	14,6 k €	-35.6%	22,7 k €	+19.7%	19 k €	-40.8%	32,1 k €	+9.5%	29,3 k €	+2.6%	28,5 k €	-8.3%	31,1 k €	+272%	8,4 k €	-66.1%	24,7 k €
Net result	12,9 k €	+844%	-1,7 k €	-116%	10,8 k €	+351%	2,4 k €	+157%	933,5 €	-39.5%	1,5 k €	-79.1%	7,4 k €	+154%	2,9 k €	-75.6%	11,9 k €	+24.2%	9,6 k €	-7.7%	10,4 k €	-14.4%	12,2 k €	+234%	-9,1 k €	-274%	5,2 k €
Balance sheet
Equity	83,1 k €	+10.5%	75,2 k €	-2.3%	76,9 k €	+2.4%	75,1 k €	+3.3%	72,8 k €	+1.3%	71,8 k €	+2.2%	70,3 k €	+2.0%	68,9 k €	+4.4%	66 k €	+22.1%	54 k €	+21.7%	44,4 k €	+30.7%	34 k €	+55.9%	21,8 k €	-29.4%	30,9 k €
Total assets	454,9 k €	+20.7%	376,8 k €	+2.7%	366,8 k €	-10.4%	409,3 k €	-13.5%	473,3 k €	-11.8%	536,9 k €	-11.0%	603,4 k €	-0.4%	606,1 k €	+28.5%	471,5 k €	+3.7%	454,8 k €	-17.6%	552,3 k €	+13.9%	485,1 k €	-6.9%	521,3 k €	+5.0%	496,3 k €
Cash	12,3 k €	-7.3%	13,3 k €	-16.8%	16 k €	-62.7%	42,8 k €	+34972%	121,9 €	-98.4%	7,8 k €	+12.5%	7 k €		–		9,8 k €		–		–		155 €		–		403,2 €
Debts	364,6 k €	+22.7%	297,2 k €	+3.5%	287,1 k €	-8.8%	314,8 k €	-20.8%	397,7 k €	-14.1%	463,1 k €	-13.0%	532,2 k €	-0.8%	536,3 k €	+32.5%	404,6 k €	+1.0%	400,7 k €	-21.0%	507,5 k €	+12.5%	451,1 k €	-9.7%	499,5 k €	+7.3%	465,4 k €
Other
Workforce	–		–		–		–		0,7 ETP	-30.0%	1,0 ETP	-9.1%	1,1 ETP	+83.3%	0,6 ETP	-40.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+400%	0,2 ETP	-71.4%	0,7 ETP

Governance

Board of directors

Seen on filing of 31/03/2020 · 1 active · 1 ended

Active mandates

KOEN VAN BAEVEGHEM

Director · since 21 mai 2003

Active

Ended mandates

KOEN VAN BAEVEGHEM

Manager · since 21 mai 2003

Ended

At this address

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Annual accounts

Full financial information

	2020	2019	2018	2017	2016	2015
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/04/2019	01/04/2018	01/04/2017	01/04/2016	01/04/2015	01/04/2014
Closing of the financial year	31/03/2020	31/03/2019	31/03/2018	31/03/2017	31/03/2016	31/03/2015
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/11/2020	24/10/2019	29/11/2018	31/10/2017	26/10/2016	30/09/2015
General meeting	21/10/2020	28/09/2019	29/10/2018	23/10/2017	30/09/2016	29/09/2015
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2020	21/10/2020	28/11/2020	Dutch	PDF
Micro model	31/03/2019	28/09/2019	24/10/2019	Dutch	PDF
Micro model	31/03/2018	29/10/2018	29/11/2018	Dutch	PDF
Micro model	31/03/2017	23/10/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	26/10/2016	Dutch	PDF
Abridged model	31/03/2015	29/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	02/10/2014	Dutch	PDF
Abridged model	31/03/2013	14/11/2013	28/11/2013	Dutch	PDF
Abridged model	31/03/2012	05/10/2012	11/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	07/12/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	24/09/2010	Dutch	PDF
Abridged model	31/03/2009	26/10/2009	29/10/2009	Dutch	PDF
Abridged model	31/03/2008	12/11/2008	18/11/2008	Dutch	PDF
Abridged model	31/03/2007	06/10/2007	31/10/2007	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 31/03/2020 · 1 active · 1 ended

Active mandates

KOEN VAN BAEVEGHEM

Director · since 21 mai 2003

Active

Ended mandates

KOEN VAN BAEVEGHEM

Manager · since 21 mai 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/09/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/01/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other12/06/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2020
Annual accounts 202012,9 k €↑
2019
Annual accounts 2019-1,7 k €↓
2018
Annual accounts 201810,8 k €↑
2017
Annual accounts 20172,4 k €↑
2016
Annual accounts 2016933,5 €↓
2015
Annual accounts 20151,5 k €↓
2014
Annual accounts 20147,4 k €↑
2013
Annual accounts 20132,9 k €↓
2012
Annual accounts 201211,9 k €↑
2011
Annual accounts 20119,6 k €↓
2010
Annual accounts 201010,4 k €↓
2009
Annual accounts 200912,2 k €↑
2008
Annual accounts 2008-9,1 k €↓
2007
Annual accounts 20075,2 k €
03/06/2003
IncorporationPrivate company with limited liability

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

FRIGEL

Overview

What does FRIGEL do?

Trend over 14 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