Equity
€236,586 ▲ 30.3%
FROVA paid out €11,608 in dividends. That is 13% of the 2025 profit.
FROVA
Lifetime
18 annual accounts with figures on one time axis, 29 filings since 1997peak €156,293 (2024)
€128,542▼ 17.8%
lowest -€60,571 (2009)
€89,127▼ 11.3%
peak €236,586 (2025)
€236,586▲ 30.3%
€55,749▲ 144%
Board3 names since 2021
1 directorFreija Deprest
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €156,293 to €128,542Dividend €11,608Equity from €181,567 to €236,586Debts from €22,807 to €55,749Investments €45,515
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The accounts state no turnover.
Investments
€30,515 2.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
4.35 was 8.30 in 2024
Short-term debts rose from €22,807 to €55,749.
Filings
29 annual accounts since 1997
Four of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
Position in the sector
€89,127
Higher net result than 82% of companies in head offices and management consultancy. Sector median €27,138 · 39,392 companies.
Checked score
98
Excellent
Financially stronger than 83% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.35, cash €118,139
Equity €236,586 (80.9% of total assets)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €292,335
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 88% on liquidity, 84% on profitability and 73% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as FROVA has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FROVA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for FROVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.35 (8.3 in 2024), above the usual 1.5. Short-term debt is 19.1% and cash 40.4% of total assets. 19.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €236,586
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
36 days early
2023
7 days early
2022
24 days early
2021
41 days early
2020
30 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458610258
Company renamed from ABBEXA to FROVA
Resignations: BORGHGRAEF Thomas (director) and BORGHGRAEF Dirk (director) · Appointment: Freija Deprest (sole director) · “Het verlenen van bijstand,consultancy,advies en leiding aan bedrijven,privé personen,en…” (deed in Dutch) · Gazette deed
Registered office moved from Zelzate to Roeselare
New registered office: Meensesteenweg 55 te 8800 Roeselare · Previous registered office: Kanaalstraat 9 te 9060 Zelzate · Appointment: Freija Deprest (director) · General meeting of 29-12-2021 · Gazette deed
First establishment
Meensesteenweg 55, Roeselare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FROVA Roeselare | €292,335 | €128,542 | 80.9% | - |
| SATELLITE EVENTS INTERNATIONAL Ostend | €269,909 | €140,096 | 44.1% | - |
| GESCON Jabbeke | €329,532 | €117,239 | 77.5% | - |
| WOODWAVE Ostend | €229,914 | €119,569 | 59.3% | - |
| VAN VELZEN C.S. BELGIUM Hoogstraten | €303,857 | €126,346 | 64.3% | - |
| ANATIX Aarschot | €296,214 | €131,078 | 65.7% | - |
| EASTBRIDGE BELGIUM Dinant | €302,207 | €117,815 | 90.2% | - |
These companies have the same main activity as FROVA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €230,000 and €330,000, founded between 1994 and 1998.
Official details
Source: KBO- Status
- Active since 05-08-1996Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.125.565.8498800 Roeselare, since 09-04-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- €292,335▲ 43.0%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on FROVA
FROVA files the micro format. That format states no turnover. The gross margin rose from €428 in 2006 to €128,542 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FROVA
- What is the company number of FROVA?
- The company number of FROVA is 0458.610.258. The VAT number is the same number with BE in front: BE 0458.610.258.
- Where is FROVA based?
- The registered office is at Meensesteenweg 55, 8800 Roeselare.Company details
- What does FROVA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FROVA?
- FROVA is a public limited company (NV).
- When was FROVA founded?
- FROVA was founded on 05-08-1996.
- Is FROVA still active?
- Yes, FROVA is an active enterprise in the KBO register.
- What is the turnover of FROVA?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €128,542 and 109 comparable companies (NACE 70200). It probably lies between €180,000 and €260,000.Financials
- Is FROVA profitable?
- In financial year 2025, FROVA made a profit of €89,127.
- Where can I find the annual accounts of FROVA?
- FROVA filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FROVA due?
- FROVA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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