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FROBO

Active
Public limited companyfounded 200520 yrs activeHaverenbosstraat 10, 3570 Alken, BelgiumKBO/BCE: BE 0877.885.929
Summary

FROBO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,432 and a net result of €15,639. Equity is growing by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 46.81 against 40.94 in 2024; short-term debt: 1.5% and cash: 52.9% of total assets), and 1.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.5%
Return on assets
6.4%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
8 d late
2023
58 d early
2022
30 d late
2021
12 d early
2020
30 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FROBO was incorporated on 13 December 2005.1 Total assets rose from EUR 197,564 in 2018 to EUR 246,223 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€242,432▲ 6.9%
2024 · €226,793
Total assets
€246,223▲ 6.8%
2024 · €230,492
Net result
€15,639▼ 24.8%
2024 · €20,803
Working capital
€173,682▲ 17.6%
2024 · €147,730
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€12,511▲ 74.0%€6,597▼ 47.3%€21,450▲ 225%€24,049▲ 12.1%€19,376▼ 19.4%
Net result€8,776▲ 68.7%€4,702▼ 46.4%€16,065▲ 242%€20,803▲ 29.5%€15,639▼ 24.8%
Equity€185,223▲ 5.0%€189,925▲ 2.5%€205,990▲ 8.5%€226,793▲ 10.1%€242,432▲ 6.9%
Total assets€186,680▲ 4.7%€191,439▲ 2.5%€208,804▲ 9.1%€230,492▲ 10.4%€246,223▲ 6.8%
Debt€1,457▼ 23.0%€1,514▲ 3.9%€2,814▲ 85.9%€3,699▲ 31.5%€3,791▲ 2.5%
Working capital€75,223▲ 34.0%€90,238▲ 20.0%€116,615▲ 29.2%€147,730▲ 26.7%€173,682▲ 17.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2021: €12,511€12,511Net result 2021: €8,776€8,776Operating result 2022: €6,597€6,597Net result 2022: €4,702€4,702Operating result 2023: €21,450€21,450Net result 2023: €16,065€16,065Operating result 2024: €24,049€24,049Net result 2024: €20,803€20,803Operating result 2025: €19,376€19,376Net result 2025: €15,639€15,63920212022202320242025€0€10,000€20,000Operating result 2023: €21,450€21,400Net result 2023: €16,065€16,100Operating result 2024: €24,049€24,000Net result 2024: €20,803€20,800Operating result 2025: €19,376€19,400Net result 2025: €15,639€15,600202320242025
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246,223
Fixed assets €68,750 ▼ 13.0%
Current assets €177,473 ▲ 17.2%
Equity and liabilities €246,223
Equity €242,432 ▲ 6.9%
Debt €3,791 ▲ 2.5%
Debt's share of the balance-sheet total falls from 1.6% to 1.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,689▼
2024 · €34,362
Cash flow
€25,951▼
2024 · €31,115
Current ratio
46.81▲
2024 · 40.94
Debt to equity
0.02▼
2024 · 0.02
ROE
6.5%▼
2024 · 9.2%
ROA
6.4%▼
2024 · 9.0%
Interest coverage
17.31
Debt ≤ 1 year
€3,791▲
2024 · €3,699
Income taxes
€5,213▼
2024 · €7,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€230,492€246,223▲
Fixed assets21/28€79,063€68,750▼
Tangible fixed assets22/27€79,063€68,750▼
Land and buildings22€79,063€68,750▼
Current assets29/58€151,429€177,473▲
Amounts receivable within one year40/41-€2,244
Other amounts receivable41-€2,244
Current investments50/53€26,247€45,000▲
Cash at bank and in hand54/58€125,183€130,229▲
Equity and liabilities
Total equity and liabilities10/49€230,492€246,223▲
Equity10/15€226,793€242,432▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14€158,593€174,232▲
Amounts payable17/49€3,699€3,791▲
Amounts payable within one year42/48€3,699€3,791▲
Trade debts44-€92
Suppliers440/4-€92
Taxes, remuneration and social security45€2,242€2,242=
Taxes450/3€2,242€2,242=
Other amounts payable47/48€1,457€1,457=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,313€10,313=
Other operating charges640/8€62€849▲
Gross operating margin9900€34,424€30,538▼
Operating profit (loss)9901€24,049€19,376▼
Financial income75/76B€3,996€3,191▼
Recurring financial income75€3,996€3,191▼
Financial charges65/66B-€1,715
Recurring financial charges65-€1,715
Profit (loss) for the period before taxes9903€28,045€20,852▼
Income taxes67/77€7,242€5,213▼
Profit (loss) for the period9904€20,803€15,639▼
Profit (loss) for the period to be appropriated9905€20,803€15,639▼
Appropriation of the result
Profit (loss) to be appropriated9906€158,593€174,232▲
Profit (loss) brought forward from the previous period14P€137,790€158,593▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,313€10,313€10,313€10,313€10,313=
Other operating charges640/8€757€410€446€62€849▲ 1,269%
Gross operating margin9900€23,580€17,319€32,209€34,424€30,538▼ 11.3%
Operating profit (loss)9901€12,511€6,597€21,450€24,049€19,376▼ 19.4%
Financial income75/76B---€3,996€3,191▼ 20.1%
Recurring financial income75---€3,996€3,191▼ 20.1%
Financial charges65/66B€76€57€29-€1,715-
Recurring financial charges65€76€57€29-€1,715-
Profit (loss) for the period before taxes9903€12,435€6,540€21,421€28,045€20,852▼ 25.6%
Income taxes67/77€3,659€1,838€5,357€7,242€5,213▼ 28.0%
Profit (loss) for the period9904€8,776€4,702€16,065€20,803€15,639▼ 24.8%
Profit (loss) for the period to be appropriated9905€8,776€4,702€16,065€20,803€15,639▼ 24.8%
Line20212022202320242025Change
Assets
Total assets20/58€186,680€191,439€208,804€230,492€246,223▲ 6.8%
Fixed assets21/28€110,000€99,688€89,375€79,063€68,750▼ 13.0%
Tangible fixed assets22/27€110,000€99,688€89,375€79,063€68,750▼ 13.0%
Land and buildings22€110,000€99,688€89,375€79,063€68,750▼ 13.0%
Current assets29/58€76,680€91,752€119,429€151,429€177,473▲ 17.2%
Amounts receivable within one year40/41€2,399€2,244--€2,244-
Other amounts receivable41€2,399€2,244--€2,244-
Current investments50/53--€6,000€26,247€45,000▲ 71.4%
Cash at bank and in hand54/58€74,281€89,507€113,429€125,183€130,229▲ 4.0%
Equity and liabilities
Total equity and liabilities10/49€186,680€191,439€208,804€230,492€246,223▲ 6.8%
Equity10/15€185,223€189,925€205,990€226,793€242,432▲ 6.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14€117,023€121,725€137,790€158,593€174,232▲ 9.9%
Amounts payable17/49€1,457€1,514€2,814€3,699€3,791▲ 2.5%
Amounts payable within one year42/48€1,457€1,514€2,814€3,699€3,791▲ 2.5%
Trade debts44-€57--€92-
Suppliers440/4-€57--€92-
Taxes, remuneration and social security45--€1,357€2,242€2,242=
Taxes450/3--€1,357€2,242€2,242=
Other amounts payable47/48€1,457€1,457€1,457€1,457€1,457=
Line20212022202320242025Change
Profit (loss) for the period9904€8,776€4,702€16,065€20,803€15,639▼ 24.8%
+ Depreciation and write-downs630€10,313€10,313€10,313€10,313€10,313=
Operating cash flow (approximation)€19,089€15,015€26,377€31,115€25,951▼ 16.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€15,226€23,921€11,754€5,046▼ 57.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial Highest result since 2018net €20,803 ▲29.5%
Operating result €24,049, net result €20,803, both a record.
03-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €200,000Eq €205,990 ▲8.5%
6 profitable years in a row build equity to €205,990.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Weakest financial yearnet €4,702 ▼46.4%
Net result drops to €4,702, the lowest in the series; recovery starts the following year.
19-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Liquidity times 10current ratio 30.66
Current ratio from 3.19 to 30.66; short-term debt falls from €18,559 to €1,892.
30-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
23-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Alken
exact location from the address register On OpenStreetMap
Ground area
1,914 m²
Building footprint
230 m²
Volume, LiDAR
1,221 m³
Parcel 73302F0715/00X000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73302F0715/00X000 Flanders 1,914 m² 1 · 230 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded13-12-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.