Frolight

Active

Private limited companyfounded 20215 yrs activeLegen Heirweg 23, 9890 Gavere, BelgiumKBO/BCE: BE 0765.279.520

Summary

Frolight has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €800,334 and a net result of -€223,947. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 247 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

FrolightActiveChecked score 82/100

Risk analysis Report Compare

Activity

Manufacture of electrical equipment

NACE 27900Manufacture of machinery and equipment not elsewhere classified NACE 28300

1 site

Size

€1.5mtotal assets 2025

Staff: 2.5 FTE
Equity: €800,334
Loss: -€223,947

Turnover not published (abridged schema)

Financial health

82 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.4%

Structure

Largest shareholder: MDVD · 12.17%

Accounts filed 27 d late0 of 6 deeds read

Why 82- Loss of €223,947, the second in a row (FY 2025)- Sector Manufacture of electrical equipment (NACE 27)+ Size: total assets €1.5m+ Liquidity: current ratio 3.47, cash €215,067Show the evidence

Checked score

Score 2025

82 / 100

Excellent

Probability in this band: under 0.55%

Better than 37% of its sector peers (NACE 27, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 78-3

equity 53.2% of total assets

Liquidity 60-6

short-term debt 22.3% · cash 14.3%

Profitability 0=

return on assets -14.9%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (435 companies)

Last 24 months 11-2024: 0.6% 12-2024: 0.7%▲ +20.3% vs 11-2024 01-2025: 0.8%▲ +13.1% vs 12-2024 02-2025: 1.5%▲ +78.4% vs 01-2025highest value 03-2025: 1.0%▼ -36.2% vs 02-2025 04-2025: 1.0%● 0.0% vs 03-2025 05-2025: 1.0%● 0.0% vs 04-2025 06-2025: 1.0%● 0.0% vs 05-2025 07-2025: 1.0%● 0.0% vs 06-2025 08-2025: 1.0%▲ +2.7% vs 07-2025 09-2025: 1.0%▲ +3.4% vs 08-2025 10-2025: 1.2%▲ +20.9% vs 09-2025 11-2025: 0.5%▼ -62.9% vs 10-2025 12-2025: 0.5%▲ +17.7% vs 11-2025 01-2026: 0.6%▲ +7.3% vs 12-2025 02-2026: 0.9%▲ +65.9% vs 01-2026 03-2026: 0.4%▼ -61.0% vs 02-2026 04-2026: 0.4%● 0.0% vs 03-2026 05-2026: 0.4%● 0.0% vs 04-2026 06-2026: 0.4%● 0.0% vs 05-2026 07-2026: 0.3%▼ -6.8% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.4%▲ +15.1% vs 09-2026

Loss of €223,947, the second in a row (FY 2025) raises the probability
Size: total assets €1.5m lowers the probability for this profile
Sector Manufacture of electrical equipment (NACE 27) raises the probability
Liquidity: current ratio 3.47, cash €215,067 lowers the probability

Credit up to €65,000 at 30 days acceptable

Liquidity ample (current ratio 3.47 against 4.45 in 2024; short-term debt: 22.3% and cash: 14.3% of total assets), and 46.8% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 27, micro). Better than this share of them on solvency 57%, liquidity 63%, profitability 13%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Loss of €223,947, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €1.5m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Sector Manufacture of electrical equipment (NACE 27)

In the bankruptcy model this factor raises the probability.

KBO

Liquidity: current ratio 3.47, cash €215,067

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

22232425

2022 to 2025 · latest year -€223,947

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

27 d late

2024

27 d late

2023

7 d early

2022

1 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 February (4 of the last 4 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close06-10-2026 today31-01-2027 deadline

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

27-02-26 Annual accounts filedfiscal year 2025 · micro…
27-02-25 Annual accounts filedfiscal year 2024 · micro…
30-06-24 Weakest financial yearnet -€570,924

Key points

Risk: 4 loss-making years in a rowloss fiscal year 2025 -€223,947 View
Caution: Among the weakest 5% on net resultsector median €7,840 · 247 companies -€223,947 View
Positive: Result rose in 2025from -€570,924 to -€223,947 ▲ 60.8% View
Flemish supportawarded 2022 - 2025 €70,474 View