FROVA
ActiveSummary
FROVA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €181,567 and a net result of €100,443. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 8.3 against 1.52 in 2023; short-term debt: 11.2% and cash: 67.7% of total assets), and 11.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.8%
Return on assets
49.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €181,567
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
7 d early
2022
24 d early
2021
41 d early
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€181,567▲ 119%
2023 · €82,841
Total assets
€204,373▲ 0.3%
2023 · €203,859
Net result
€100,443▲ 3.5%
2023 · €97,017
Working capital
€166,502▲ 167%
2023 · €62,366
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
Line20202021202220232024
Operating result€66€123,279€128,035▲ 3.9%€150,370▲ 17.4%
Net result€66€91,937€97,017▲ 5.5%€100,443▲ 3.5%
Equity-€18,465▲ 0.4%-€18,465=€71,863€82,841▲ 15.3%€181,567▲ 119%
Total assets€138,175€203,859▲ 47.5%€204,373▲ 0.3%
Debt€18,465▼ 17.0%€18,465=€66,312▲ 259%€121,017▲ 82.5%€22,807▼ 81.2%
Working capital€47,790€62,366▲ 30.5%€166,502▲ 167%
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 two years in a row; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204,373
Fixed assets
€15,064 ▼ 26.4%
Current assets
€189,309 ▲ 3.2%
Equity and liabilities €204,373
Equity
€181,567 ▲ 119%
Debt
€22,807 ▼ 81.2%
Debt's share of the balance-sheet total falls from 59.4% to 11.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€155,780▲
2023 · €133,337
Cash flow
€105,854▲
2023 · €102,319
Current ratio
8.30▲
2023 · 1.52
Debt to equity
0.13▼
2023 · 1.46
ROE
55.3%▼
2023 · 117.1%
ROA
49.1%▲
2023 · 47.6%
Interest coverage
802.25▲
2023 · 601.78
Debt ≤ 1 year
€22,807▼
2023 · €121,017
Income taxes
€49,732▲
2023 · €30,796
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €10,726 | €5,302 | €5,410 | ▲ 2.0% |
| Other operating charges640/8 | - | - | €535 | €562 | €513 | ▼ 8.7% |
| Gross operating margin9900 | €66 | - | €134,539 | €133,899 | €156,293 | ▲ 16.7% |
| Operating profit (loss)9901 | €66 | - | €123,279 | €128,035 | €150,370 | ▲ 17.4% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €253 | €222 | €194 | ▼ 12.4% |
| Recurring financial charges65 | - | - | €253 | €222 | €194 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €66 | - | €123,026 | €127,813 | €150,176 | ▲ 17.5% |
| Income taxes67/77 | - | - | €31,089 | €30,796 | €49,732 | ▲ 61.5% |
| Profit (loss) for the period9904 | €66 | - | €91,937 | €97,017 | €100,443 | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €66 | - | €91,937 | €97,017 | €100,443 | ▲ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | €138,175 | €203,859 | €204,373 | ▲ 0.3% |
| Fixed assets21/28 | - | - | €24,074 | €20,475 | €15,064 | ▼ 26.4% |
| Tangible fixed assets22/27 | - | - | €24,074 | €20,475 | €15,064 | ▼ 26.4% |
| Furniture and vehicles24 | - | - | €24,074 | €20,475 | €15,064 | ▼ 26.4% |
| Current assets29/58 | - | - | €114,101 | €183,384 | €189,309 | ▲ 3.2% |
| Amounts receivable within one year40/41 | - | - | €42,345 | €43,305 | €50,877 | ▲ 17.5% |
| Trade receivables40 | - | - | €42,334 | €42,805 | €50,747 | ▲ 18.6% |
| Other amounts receivable41 | - | - | €11 | €500 | €130 | ▼ 74.0% |
| Cash at bank and in hand54/58 | - | - | €71,756 | €140,079 | €138,432 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | - | €138,175 | €203,859 | €204,373 | ▲ 0.3% |
| Equity10/15 | -€18,465 | -€18,465 | €71,863 | €82,841 | €181,567 | ▲ 119% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €100 | €100 | = |
| Reserves13 | €31,925 | - | €9,890 | €82,740 | €181,440 | ▲ 119% |
| Distributable reserves133 | - | - | €9,890 | €82,740 | €181,440 | ▲ 119% |
| Profit (loss) carried forward14 | -€112,363 | -€80,438 | - | €1 | €27 | ▲ 2,123% |
| Amounts payable17/49 | €18,465 | €18,465 | €66,312 | €121,017 | €22,807 | ▼ 81.2% |
| Amounts payable within one year42/48 | €18,465 | €18,465 | €66,312 | €121,017 | €22,807 | ▼ 81.2% |
| Trade debts44 | €179 | - | €19,059 | €5,529 | €2,185 | ▼ 60.5% |
| Suppliers440/4 | - | - | €19,059 | €5,529 | €2,185 | ▼ 60.5% |
| Taxes, remuneration and social security45 | - | - | €5,879 | €11,680 | €10,961 | ▼ 6.2% |
| Taxes450/3 | - | - | €5,879 | €11,680 | €10,961 | ▼ 6.2% |
| Other amounts payable47/48 | - | €18,465 | €41,374 | €103,808 | €9,662 | ▼ 90.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66 | - | €91,937 | €97,017 | €100,443 | ▲ 3.5% |
| + Depreciation and write-downs630 | - | - | €10,726 | €5,302 | €5,410 | ▲ 2.0% |
| Operating cash flow (approximation) | €66 | - | €102,663 | €102,319 | €105,854 | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | - | - | -€1,703 | €0 | ▲ 100% |
| Change in cash | - | - | - | €68,323 | -€1,647 | ▼ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €100,443 ▲3.5%
Operating result €150,370, net result €100,443, both a record.
31-12
Financial
Liquidity times 5current ratio 8.30
Current ratio from 1.52 to 8.30; short-term debt falls from €121,017 to €22,807.
31-12
Financial
Equity above €150,000Eq €181,567 ▲119%
3 profitable years in a row build equity to €181,567.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €66
Net result €66 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Roeselare · 1 establishment unit since 2003
Ground area
303 m²
Building footprint
163 m²
Volume, LiDAR
1,270 m³
Parcel 36502B0259/00M002, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Meensesteenweg 55, 8800 Roeselare
since 20032.125.565.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0259/00M002 | Flanders | 303 m² | 1 · 163 m² | 13.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 14,925 EUR awarded · 14,925 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,425 EUR | 14,925 EUR |
| 2024 | 1 | 7,500 EUR | 0 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,604 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-08-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.