Drowa
ActiveDrowa has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €83k. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency73▲+29
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.32 in 2024), but 61.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
12.4%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
2 d early
2023
28 d early
2022
7 d late
2021
212 d late
2020
26 d late
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€256k▲ 48.2%
2024 · €173k
2019: €65k
2020: €79k
2021: €63k
2022: €71k
2023: €99k
2024: €173k
2019 → 2025
Total assets
€671k▼ 3.3%
2024 · €693k
2019: €711k
2020: €449k
2021: €540k
2022: €586k
2023: €585k
2024: €693k
2019 → 2025
Net result
€83k▲ 13.6%
2024 · €73k
2019: €5k
2020: €15k
2021: €-17k
2022: €9k
2023: €28k
2024: €73k
2019 → 2025
Working capital
€234k▲ 55.9%
2024 · €150k
2019: €57k
2020: €50k
2021: €19k
2022: €21k
2023: €63k
2024: €150k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€71k▲ 14.0%€99k▲ 39.3%€173k▲ 73.8%€256k▲ 48.2%
Operating result€-16k-€16k€52k▲ 230%€111k▲ 114%€126k▲ 13.9%
Net result€-17k-€9k€28k▲ 220%€73k▲ 161%€83k▲ 13.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671k
Fixed assets
€63k▼ 13.1%
Current assets
€608k▼ 2.1%
Equity and liabilities €671k
Equity
€256k▲ 48.2%
Debt
€415k▼ 20.4%
The debt ratio falls from 75.1% to 61.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€153k▲
2024 · €138k
Cash flow
€110k▲
2024 · €100k
Solvency
38.2%▲
2024 · 24.9%
Current ratio
1.63▲
2024 · 1.32
Quick ratio
0.81▲
2024 · 0.78
Debt / equity
1.62▼
2024 · 3.01
ROE
32.5%▼
2024 · 42.5%
ROA
12.4%▲
2024 · 10.6%
Interest coverage
33.25▼
2024 · 34.44
Debt
€415k▼
2024 · €521k
Debt ≤ 1 year
€374k▼
2024 · €471k
Debt > 1 year
€20k▼
2024 · €30k
Income taxes
€39k▲
2024 · €35k
Staff costs
€211k▲
2024 · €166k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€693k€671k▼
Fixed assets21/28€72k€63k▼
Tangible fixed assets22/27€72k€63k▼
Plant, machinery and equipment23€32k€37k▲
Furniture and vehicles24€41k€26k▼
Current assets29/58€621k€608k▼
Stocks and contracts in progress3€254k€305k▲
Stocks30/36€212k€211k▼
Contracts in progress37€42k€94k▲
Amounts receivable within one year40/41€314k€175k▼
Trade receivables40€306k€169k▼
Other amounts receivable41€9k€6k▼
Cash at bank and in hand54/58€41k€121k▲
Deferred charges and accrued income490/1€11k€6k▼
Equity and liabilities
Total equity and liabilities10/49€693k€671k▼
Equity10/15€173k€256k▲
Contributions10/11€19k€19k=
Reserves13€151k€235k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€149k€235k▲
Profit (loss) carried forward14€3k€3k▲
Amounts payable17/49€521k€415k▼
Amounts payable after more than one year17€30k€20k▼
Financial debts170/4€30k€20k▼
Amounts payable within one year42/48€471k€374k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€6k€38▼
Credit institutions430/8€6k€38▼
Trade debts44€223k€161k▼
Suppliers440/4€223k€161k▼
Advances received on contracts in progress46€300€0▼
Taxes, remuneration and social security45€69k€40k▼
Taxes450/3€52k€15k▼
Remuneration and social security454/9€17k€25k▲
Other amounts payable47/48€172k€173k▲
Accrued charges and deferred income492/3€20k€21k▲
Income statement
Code20242025
Non-recurring operating income76A-€678
Remuneration, social security and pensions62€166k€211k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€306k€366k▲
Operating profit (loss)9901€111k€126k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€108k€123k▲
Income taxes67/77€35k€39k▲
Profit (loss) for the period9904€73k€83k▲
Profit (loss) for the period to be appropriated9905€73k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€86k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
Transfer to equity691/2€73k€83k▲
To other reserves6921€73k€83k▲
Social balance
Average headcount (FTE)90873.03.9▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €83k ▲13.6%
Operating result €126k, net result €83k, both a record.
31-03
Financial
Equity above €200kEq €256k ▲48.2%
4 profitable years in a row build equity to €256k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €150kEq €173k ▲73.8%
3 profitable years in a row build equity to €173k.
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 212 days late
31-03
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
2021
31-03
Financial
Weakest financial yearnet €-17k ▼214%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2024
This board is reconstructed from a single act (24302266). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Droogendijk Lambertus
CurrentNon-statutory director · since 02-01-2024
Droogendijk Leendert
CurrentNon-statutory director · since 02-01-2024
Droogendijk Peter
CurrentNon-statutory director · since 02-01-2024
02-01-2024
Droogendijk Lambertus: Appointed as Non-statutory director
02-01-2024
Droogendijk Leendert: Appointed as Non-statutory director
02-01-2024
Droogendijk Peter: Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Baan 1209100 Sint-NiklaasGround area
1,910 m²
Building footprint
1,068 m²
Volume, LiDAR
6,191 m³
Parcel 46017A0982/00E000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Drowa
since 20092.177.820.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0982/00E000 | Flanders | 1,910 m² | 1 · 1,068 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
DROWA AANHANGWAGENS
BE 0416.951.827
Sint-Niklaas · Eq €272k
BCW
BE 0430.340.597
Berlaar · Eq €303k
DESMET-VERCRUYSSE
BE 0438.753.269
Deerlijk · Eq €307k
RD Center
BE 0779.363.623
Balen · Eq €212k
HELPO
BE 0835.997.963
Pelt · Eq €317k
Of 130 companies in sector 29202 we hold annual accounts for 85. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2009
Fiscal year end31-03
Activities, NACEBEL
29202Manufacture of motor vehicles, trailers and semi-trailers
29201Manufacture of motor vehicles, trailers and semi-trailers
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.