Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.3 to 0.
Financials
Financial year 2024
Frigo - Express from Antwerpen, company number BE0404749920, closed financial year 2024 with a result of € 5,894 after tax. For that financial year Frigo - Express recorded a gross margin of € 26,851 and equity of € -15,656. Compared with financial year 2023, the result moved from € 177,058 to € 5,894. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2025.
€ -15,656
▲ € 5,894 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,894
▼ 97% vs 2023
Profit after tax over the fiscal year.
€ 6,721
▼ 92% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -67,713.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 123
▼ € 345,606 vs 2023
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2024
€ 14,707
▼ 59% vs 2023
€ 4,156 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 387
▼ 98% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,639
▼ 93% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 646,892 | € 492,511 | € 746,971 | € 26,851 | ▼ 96% |
| Profit after taxes | € -61,323 | € -96,385 | € 177,058 | € 5,894 | ▼ 97% |
| Equity | € -102,223 | € -198,608 | € -21,550 | € -15,656 | ▲ € 5,894 |
| Total debts | € 678,283 | € 542,558 | € 283,831 | € 22,377 | ▼ 92% |
| Cash | € 1,671 | € 4,730 | € 79,841 | € 6,721 | ▼ 92% |
| Land & buildings | € 22,072 | € 21,148 | € 0 | - | |
| Retained profit | € -154,280 | € -250,666 | € -73,607 | € -67,713 | ▲ € 5,894 |
| Bank debt | € 238,870 | € 154,165 | € 35,746 | € 14,707 | ▼ 59% |
| Balance sheet total | € 576,060 | € 343,950 | € 262,281 | € 6,721 | ▼ 97% |
| Employees (FTE) | 9 | 8.3 | 6.1 | 0 | ▼ 6.1 |
Key figures of Frigo - Express, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Frigo - Express?
What happened at Frigo - Express in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,894 (▼ 97% vs 2023). Source: NBB ↗
- Inge ADRIAENSSENS became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
In short
From € 61,323 loss in 2021 to € 5,894 profit in 2024.
Paid € 2,043 in corporate taxes since 2021.
Best year ever: 2023, with € 177,058 profit.
On average € 122,500 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Frigo - Express is Inge ADRIAENSSENS. Inge ADRIAENSSENS is also behind Antwerp express.
Directors
According to the 2024 annual accounts
since 2010
Establishments
Establishment units
Physical locations of this company
Zoutestraat 101
2040 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
NEDZONE-AS, NL
Website info
Features
Security
Details
- Company number
- 0404.749.920
- VAT number
- BE 0404.749.920
- Registered office
- Zoutestraat 101, 2040 Antwerpen
- Names & denominations
- Frigo - Express
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 May 2026
- Contact
- frigo-express.be
- Activities · NACE
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