FROVAS
ActiveFROVAS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708k and a net result of €-79k. Equity is growing by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▲+2
Solvency95▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.8 in 2024; short-term debt: 29.8% and cash: 22.2% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
69.9%
Return on assets
-7.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-79k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
35 d early
2022
21 d late
2021
25 d late
2020
84 d late
2019
42 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€708k▼ 10.0%
2024 · €786k
2018: €664k
2019: €717k
2020: €783k
2021: €798k
2022: €831k
2023: €876k
2024: €786k
2018 → 2025
Total assets
€1.01M▼ 8.2%
2024 · €1.10M
2018: €1.03M
2019: €1.02M
2020: €1.11M
2021: €1.08M
2022: €1.15M
2023: €1.19M
2024: €1.10M
2018 → 2025
Net result
€-79k▲ 11.6%
2024 · €-90k
2018: €99k
2019: €53k
2020: €66k
2021: €15k
2022: €33k
2023: €45k
2024: €-90k
2018 → 2025
Working capital
€-75k▼ 19.6%
2024 · €-62k
2018: €-127k
2019: €-32k
2020: €74k
2021: €-97k
2022: €-128k
2023: €-22k
2024: €-62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€798k-€831k▲ 4.1%€876k▲ 5.4%€786k▼ 10.3%€708k▼ 10.0%
Operating result€33k-€59k▲ 77.3%€73k▲ 23.2%€-76k€-61k▲ 20.6%
Net result€15k-€33k▲ 120%€45k▲ 36.0%€-90k€-79k▲ 11.6%
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 stays negative: a loss of €61k in 2025 against €76k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€785k▼ 7.8%
Current assets
€228k▼ 9.6%
Equity and liabilities €1.01M
Equity
€708k▼ 10.0%
Debt
€305k▼ 3.8%
The debt ratio rises from 28.7% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €-11k
Cash flow
€-14k▲
2024 · €-25k
Solvency
69.9%▼
2024 · 71.3%
Current ratio
0.75▼
2024 · 0.80
Quick ratio
0.75▼
2024 · 0.80
Debt / equity
0.43▲
2024 · 0.40
ROE
-11.2%▲
2024 · -11.4%
ROA
-7.8%▲
2024 · -8.1%
Interest coverage
0.27▲
2024 · -0.54
Debt
€305k▼
2024 · €317k
Debt ≤ 1 year
€302k▼
2024 · €314k
Debt > 1 year
€3k=
2024 · €3k
Income taxes
€1k▲
2024 · €410
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.01M▼
Fixed assets21/28€851k€785k▼
Tangible fixed assets22/27€851k€785k▼
Land and buildings22€771k€733k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€73k€47k▼
Financial fixed assets28€678€0▼
Current assets29/58€252k€228k▼
Amounts receivable within one year40/41€2k€2k▼
Trade receivables40€1k€0▼
Other amounts receivable41€442€2k▲
Cash at bank and in hand54/58€250k€225k▼
Deferred charges and accrued income490/1€645€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.01M▼
Equity10/15€786k€708k▼
Contributions10/11€14k€14k=
Reserves13€863k€694k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€742€742=
Distributable reserves133€862k€693k▼
Profit (loss) carried forward14€-90k-
Amounts payable17/49€317k€305k▼
Amounts payable after more than one year17€3k€3k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€314k€302k▼
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Taxes, remuneration and social security45€25k€6k▼
Taxes450/3€25k€6k▼
Other amounts payable47/48€289k€291k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€66k▲
Other operating charges640/8€14k€7k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€3k€12k▲
Operating profit (loss)9901€-76k€-61k▲
Financial income75/76B€8k€1k▼
Recurring financial income75€8k€1k▼
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€-89k€-78k▲
Income taxes67/77€410€1k▲
Profit (loss) for the period9904€-90k€-79k▲
Profit (loss) for the period to be appropriated9905€-90k€-79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-79k▲
Transfer from equity791/2-€79k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-90k ▼300%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 84 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ranst · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Selsaetenstraat 62520 RanstGround area
2,411 m²
Building footprint
178 m²
Volume, LiDAR
1,303 m³
Parcel 11035A0008/00N004, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FROVAS BVBA
since 19952.073.428.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035A0008/00N004 | Flanders | 2,411 m² | 1 · 178 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-1995
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.