FROVA
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €180,000 and €260,000.
Balance sheet
balance sheet total €292,335 on 31-12-2025in euro
in euro
Position in the sector
80.9%
Higher than 79% of 39,376 companies in 2025.
4.35
Higher than 75% of 38,058 companies in 2025.
30.5%
Higher than 71% of 38,530 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
292,335 | 204,373 | 203,859 | 138,175 | 3,718 | 3,718 | 3,722 | 3,750 | 4,321 | 4,321 | 4,321 | 4,321 | 9,706 | 10,055 | 53,710 | 61,796 | 76,239 | 93,083 | |
21/28 |
49,810 | 15,064 | 20,475 | 24,074 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | |
22/27 |
34,810 | 15,064 | 20,475 | 24,074 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
34,810 | 15,064 | 20,475 | 24,074 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
15,000 | - | - | - | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | 3,718 | |
29/58 |
242,525 | 189,309 | 183,384 | 114,101 | - | - | 4 | 31 | 602 | 602 | 602 | 602 | 5,987 | 6,336 | 49,991 | 58,078 | 72,521 | 89,365 | |
40/41 |
70,386 | 50,877 | 43,305 | 42,345 | - | - | - | - | 602 | 602 | 602 | 602 | 5,812 | 6,315 | 49,962 | 58,029 | 72,461 | 89,336 | |
40 |
64,321 | 50,747 | 42,805 | 42,334 | - | - | - | - | 267 | 267 | 267 | 267 | - | - | - | - | - | - | |
41 |
6,065 | 130 | 500 | 11 | - | - | - | - | 336 | 336 | 336 | 336 | 5,812 | 6,315 | 49,962 | 58,029 | 72,461 | 89,336 | |
54/58 |
118,139 | 138,432 | 140,079 | 71,756 | - | - | 4 | 31 | - | - | - | - | 175 | 21 | 30 | 49 | 60 | 28 | |
490/1 |
54,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 0 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
292,335 | 204,373 | 203,859 | 138,175 | 3,718 | 3,718 | 3,722 | 3,750 | 4,321 | 4,321 | 4,321 | 4,321 | 9,706 | 10,055 | 53,710 | 61,796 | 76,239 | 93,083 | |
10/15 |
236,586 | 181,567 | 82,841 | 71,863 | -18,531 | -17,796 | -16,766 | -15,649 | -11,745 | -10,966 | -10,240 | -9,512 | -8,335 | -7,434 | -4,891 | 55,680 | 72,888 | 89,111 | |
10/11 |
100 | 100 | 100 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
100 |
- | - | - | - | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
13 |
236,450 | 181,440 | 82,740 | 9,890 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | 31,925 | |
130 |
- | - | - | - | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
133 |
236,450 | 181,440 | 82,740 | 9,890 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | 25,728 | |
14 |
36 | 27 | 1 | - | -112,429 | -111,694 | -110,664 | -109,547 | -105,643 | -104,864 | -104,138 | -103,411 | -102,233 | -101,332 | -98,789 | -38,219 | -21,010 | -4,788 | |
17/49 |
55,749 | 22,807 | 121,017 | 66,312 | 22,249 | 21,514 | 20,488 | 19,399 | 16,065 | 15,287 | 14,560 | 13,833 | 18,040 | 17,489 | 58,601 | 6,116 | 3,351 | 3,972 | |
42/48 |
55,749 | 22,807 | 121,017 | 66,312 | 22,249 | 21,514 | 20,488 | 19,399 | 16,065 | 15,287 | 14,560 | 13,833 | 18,040 | 17,489 | 58,601 | 6,000 | 3,167 | 3,862 | |
43 |
- | - | - | - | - | - | - | - | 89 | 90 | 54 | 77 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 89 | 90 | 54 | 77 | - | - | - | - | - | - | |
44 |
2,361 | 2,185 | 5,529 | 19,059 | 4,440 | 3,704 | 2,968 | 1,979 | - | - | - | - | 5,034 | 17,489 | 58,601 | 6,000 | 3,112 | 3,862 | |
440/4 |
2,361 | 2,185 | 5,529 | 19,059 | 4,440 | 3,704 | 2,968 | 1,979 | - | - | - | - | 5,034 | 17,489 | 58,601 | 6,000 | 3,112 | 3,862 | |
45 |
10,609 | 10,961 | 11,680 | 5,879 | - | - | - | - | - | - | - | - | - | - | - | - | 55 | - | |
450/3 |
10,609 | 10,961 | 11,680 | 5,879 | - | - | - | - | - | - | - | - | - | - | - | - | 55 | - | |
47/48 |
42,780 | 9,662 | 103,808 | 41,374 | 17,810 | 17,810 | 17,520 | 17,420 | 15,976 | 15,196 | 14,506 | 13,756 | 13,006 | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 117 | 184 | 110 | |
| Income statement | |||||||||||||||||||
9900 |
128,542 | 156,293 | 133,899 | 134,539 | -402 | -896 | -862 | -3,380 | -501 | -501 | -506 | 4,843 | -671 | -2,543 | -35,261 | -17,008 | -15,815 | 428 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | 671 | 2,543 | 35,261 | 17,008 | 15,815 | 366 | |
630 |
10,769 | 5,410 | 5,302 | 10,726 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,978 | 513 | 562 | 535 | 333 | 130 | 127 | 516 | 180 | 124 | 122 | 5,923 | 115 | - | 25,241 | 108 | 235 | 344 | |
9901 |
115,796 | 150,370 | 128,035 | 123,279 | -735 | -1,026 | -989 | -3,895 | -681 | -625 | -629 | -1,080 | -786 | -2,543 | -60,502 | -17,116 | -16,050 | 84 | |
75/76B |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | 0 | 119 | - | 1 | 1 | |
75 |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | 0 | 119 | - | 1 | 1 | |
65/66B |
104 | 194 | 222 | 253 | - | 4 | 127 | 9 | 98 | 101 | 98 | 97 | 115 | - | 188 | 24 | 173 | 15 | |
65 |
104 | 194 | 222 | 253 | - | 4 | 127 | 9 | 98 | 101 | 98 | 97 | 115 | - | 188 | 24 | 173 | 15 | |
9903 |
115,692 | 150,176 | 127,813 | 123,026 | -735 | -1,030 | -1,117 | -3,904 | -779 | -726 | -727 | -1,178 | -901 | -2,543 | -60,571 | -17,140 | -16,222 | 69 | |
67/77 |
26,565 | 49,732 | 30,796 | 31,089 | - | - | - | - | - | - | - | - | - | - | 0 | 69 | 0 | 0 | |
9904 |
89,127 | 100,443 | 97,017 | 91,937 | -735 | -1,030 | -1,117 | -3,904 | -779 | -726 | -727 | -1,178 | -901 | -2,543 | -60,571 | -17,209 | -16,222 | 69 | |
9905 |
89,127 | 100,443 | 97,017 | 91,937 | -735 | -1,030 | -1,117 | -3,904 | -779 | -726 | -727 | -1,178 | -901 | -2,543 | -60,571 | -17,209 | -16,222 | 69 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
89,154 | 100,445 | 97,017 | 11,499 | -112,429 | -111,694 | -110,664 | -109,547 | -105,643 | -104,864 | -104,138 | -103,411 | -102,233 | -101,332 | -98,789 | -38,219 | -21,010 | -4,788 | |
14P |
27 | 1 | - | -80,438 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
9,890 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
64,900 | 98,700 | 72,850 | 9,890 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
64,900 | 98,700 | 72,850 | 9,890 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
34,108 | 1,718 | 24,166 | 1,609 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
11,608 | 1,718 | 1,666 | 1,609 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
22,500 | - | 22,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00181495 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00175756 | |
| 31-12-2023 | abbreviated format | 24-07-2024 | 2024-00276857 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00220208 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20073111 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-62900237 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73900071 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57500081 | |
| 31-12-2017 | micro format | 01-08-2018 | 2018-42900301 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-35700379 | |
| 31-12-2015 | abbreviated format | 05-08-2016 | 2016-41100212 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51500132 | |
| 31-12-2013 | abbreviated format | 29-07-2014 | 2014-36400035 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-54500342 | |
| 31-12-2011 | abbreviated format | 26-10-2012 | 2012-62600226 | |
| 31-12-2010 | abbreviated format | 30-11-2011 | 2011-62900580 | |
| 31-12-2009 | abbreviated format | 31-12-2010 | 2010-65000033 | |
| 31-12-2008 | abbreviated format | 30-09-2009 | 2009-78700361 | |
| 31-12-2007 | abbreviated format | 26-08-2008 | 2008-60700244 | |
| 31-12-2006 | abbreviated format | 22-08-2007 | 2007-58200209 | |
| 31-12-2005 | abbreviated format | 31-08-2006 | 2006-72301152 | |
| 31-12-2004 | abbreviated format | 13-09-2005 | 2005-67703640 | |
| 31-12-2003 | abbreviated format | 21-09-2004 | 2004-65703197 | |
| 31-12-2002 | abbreviated format | 04-11-2003 | 2003-78003805 | |
| 31-12-2001 | abbreviated format | 06-11-2002 | 2002-70405183 | |
| 31-12-2000 | abbreviated format | 03-12-2001 | 2001-73004233 | |
| 31-12-1999 | abbreviated format | 17-07-2000 | 2000-42503257 | |
| 31-12-1998 | abbreviated format | 04-06-1999 | 1999-14504664 | |
| 31-12-1997 | abbreviated format | 05-06-1998 | 1998-14103188 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €14,925 awarded, €14,925 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €7,425 | €14,925 |
| 2024 | 1 | €7,500 | €0 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 126,565 | 155,780 | 133,337 | 134,005 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 99,896 | 105,854 | 102,319 | 102,663 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 45,515 | 0 | 1,703 | 26,028 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -20,293 | -1,647 | 68,323 | - | - | - | -27 | - | - | - | - | - | 155 | -9 | -19 | -10 | 32 | - | ||
| 186,775 | 166,502 | 62,366 | 47,790 | - | - | -20,484 | -19,367 | -15,463 | -14,684 | -13,958 | -13,231 | -12,053 | -11,152 | -8,609 | 52,078 | 69,354 | 85,502 | ||
| 80.9% | 88.8% | 40.6% | 52.0% | - | - | - | - | - | - | - | - | -85.9% | -73.9% | -9.1% | 90.1% | 95.6% | 95.7% | ||
| 4.35 | 8.30 | 1.52 | 1.72 | - | - | - | - | - | - | - | - | 0.33 | 0.36 | 0.85 | 9.68 | 22.90 | 23.14 | ||
| 0.24 | 0.13 | 1.46 | 0.92 | - | - | - | - | - | - | - | - | - | - | - | 0.11 | 0.05 | 0.04 | ||
| 37.7% | 55.3% | 117.1% | 127.9% | - | - | - | - | - | - | - | - | - | - | - | -30.9% | -22.3% | 0.1% | ||
| 30.5% | 49.1% | 47.6% | 66.5% | - | - | - | - | - | - | - | - | -9.3% | -25.3% | -112.8% | -27.8% | -21.3% | 0.1% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 2738 days | 2510 days | 607 days | 129 days | 72 days | 3855 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €30,515 | - | €1,703 | €26,028 |
| Financial fixed assets | €15,000 | - | - | - |
| €10,769 | €5,410 | €5,302 | €10,726 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on FROVA
The operating result for 2025 is 23% lower than in 2024 and the lowest since 2020.
Debt's share of the balance-sheet total rises from 11.2% to 19.1%. Equity and debt are higher.