Financials
Financial year 2024
FRIGOTHERM from Mouscron, company number BE0419376431, closed financial year 2024 with a result of € 102,499 after tax. For that financial year FRIGOTHERM recorded a gross margin of € 1.4 million and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 176,049 to € 102,499. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 1.2 million
▲ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,499
▼ 42% vs 2023
Profit after tax over the fiscal year.
€ 278,178
▼ 5% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
29 % of the profit went to the shareholders, mostly to KCF WAPI (100 % of the shares). That is where the money ends up.
People and assets in 2024
17.4
▲ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 9% vs 2023
€ 65,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 199,503
▲ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 198,354
▲ 79% vs 2023
€ 124,024 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 308,448
▼ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 229,293
▲ 24% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,251,852 | € 1,338,288 | € 1,390,735 | € 1,351,951 | ▼ 3% |
| Profit after taxes | € 129,893 | € 199,905 | € 176,049 | € 102,499 | ▼ 42% |
| Equity | € 861,515 | € 1,020,126 | € 1,166,175 | € 1,238,674 | ▲ 6% |
| Total debts | € 872,053 | € 716,233 | € 676,666 | € 759,874 | ▲ 12% |
| Cash | € 280,687 | € 392,184 | € 293,831 | € 278,178 | ▼ 5% |
| Land & buildings | € 4,043 | € 2,843 | € 1,643 | € 443 | ▼ 73% |
| Retained profit | € 824,331 | € 982,942 | € 1,128,991 | € 1,201,490 | ▲ 6% |
| Dividend | € 30,000 | € 40,000 | € 30,000 | € 30,000 | |
| Bank debt | € 294,045 | € 209,733 | € 110,581 | € 198,354 | ▲ 79% |
| Balance sheet total | € 1,733,568 | € 1,736,359 | € 1,842,841 | € 1,998,547 | ▲ 8% |
| Employees (FTE) | 17.2 | 16.7 | 16.8 | 17.4 | ▲ 0.6 |
Key figures of FRIGOTHERM, 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 FRIGOTHERM?
What happened at FRIGOTHERM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 102,499 (▼ 42% vs 2023). filed late Source: NBB ↗
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 129,893 profit in 2021 to € 102,499 profit in 2024.
Paid € 222,373 in corporate taxes since 2021.
Best year ever: 2022, with € 199,905 profit.
On average € 77,700 of value added per employee in 2024.
Management
The stake of KCF WAPI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FRIGOTHERMBehind FRIGOTHERM is KFC WAPI. The shares are held by KCF WAPI (100%).
Establishments
Establishment units
Physical locations of this company
Plavitoutstraat 87
7700 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.376.431
- VAT number
- BE 0419.376.431
- Registered office
- Plavitoutstraat 87, 7700 Mouscron
- Names & denominations
- FRIGOTHERM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 1979
- Peppol
- Active · Active since 31 Mar 2025
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