FROVIN
ActiveFROVIN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €728k and a net result of €41k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 76% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+5
Solvency89=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 2.47 in 2024; short-term debt: 35.6% and cash: 15.9% of total assets), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
64.4%
Return on assets
3.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
15 d late
2023
35 d early
2022
79 d early
2021
61 d early
2020
74 d early
2019
73 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€728k▲ 6.0%
2024 · €687k
2018: €804k
2019: €922k
2020: €964k
2021: €1.07M
2022: €1.17M
2023: €667k
2024: €687k
2018 → 2025
Total assets
€1.13M▲ 5.0%
2024 · €1.08M
2018: €1.27M
2019: €1.41M
2020: €1.45M
2021: €1.77M
2022: €1.62M
2023: €1.15M
2024: €1.08M
2018 → 2025
Net result
€41k▲ 101%
2024 · €21k
2018: €201k
2019: €127k
2020: €94k
2021: €109k
2022: €99k
2023: €20k
2024: €21k
2018 → 2025
Working capital
€665k▲ 16.2%
2024 · €572k
2018: €399k
2019: €550k
2020: €684k
2021: €798k
2022: €954k
2023: €485k
2024: €572k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.07M-€1.17M▲ 9.2%€667k▼ 43.1%€687k▲ 3.1%€728k▲ 6.0%
Operating result€165k-€151k▼ 8.4%€64k▼ 57.6%€68k▲ 6.0%€97k▲ 42.1%
Net result€109k-€99k▼ 9.9%€20k▼ 79.4%€21k▲ 1.1%€41k▲ 101%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 42% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€64k▼ 45.3%
Current assets
€1.07M▲ 11.1%
Equity and liabilities €1.13M
Equity
€728k▲ 6.0%
Debt
€403k▲ 3.3%
The debt ratio falls from 36.2% to 35.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159k▲
2024 · €139k
Cash flow
€103k▲
2024 · €91k
Solvency
64.4%▲
2024 · 63.8%
Current ratio
2.65▲
2024 · 2.47
Quick ratio
1.74▲
2024 · 1.47
Debt / equity
0.55▼
2024 · 0.57
ROE
5.7%▲
2024 · 3.0%
ROA
3.6%▲
2024 · 1.9%
Interest coverage
4.41▲
2024 · 4.03
Debt
€403k▲
2024 · €390k
Debt ≤ 1 year
€403k▲
2024 · €389k
Income taxes
€19k▲
2024 · €13k
Staff costs
€369k▲
2024 · €299k
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€1.08M€1.13M▲
Fixed assets21/28€116k€64k▼
Intangible fixed assets21€40k-
Tangible fixed assets22/27€72k€59k▼
Land and buildings22€61k€56k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€5k-
Financial fixed assets28€5k€5k=
Current assets29/58€961k€1.07M▲
Stocks and contracts in progress3€388k€368k▼
Stocks30/36€388k€368k▼
Amounts receivable within one year40/41€335k€516k▲
Trade receivables40€4k€3k▼
Other amounts receivable41€331k€512k▲
Cash at bank and in hand54/58€232k€180k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.13M▲
Equity10/15€687k€728k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€625k€666k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€614k€655k▲
Amounts payable17/49€390k€403k▲
Amounts payable within one year42/48€389k€403k▲
Current portion of amounts payable after more than one year42€159k€156k▼
Trade debts44€208k€228k▲
Suppliers440/4€208k€228k▲
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€3k-
Remuneration and social security454/9€19k€19k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€299k€369k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€62k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€442k€531k▲
Operating profit (loss)9901€68k€97k▲
Financial income75/76B€40€43▲
Recurring financial income75€40€43▲
Financial charges65/66B€34k€36k▲
Recurring financial charges65€34k€36k▲
Profit (loss) for the period before taxes9903€34k€61k▲
Income taxes67/77€13k€19k▲
Profit (loss) for the period9904€21k€41k▲
Profit (loss) for the period to be appropriated9905€21k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€41k▲
Transfer to equity691/2€21k€41k▲
To other reserves6921€21k€41k▲
Social balance
Average headcount (FTE)90878.610.5▲
The notes to these accounts (9 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €20k ▼79.4%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €1MEq €1.07M ▲11.3%
4 profitable years in a row build equity to €1.07M.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-02
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
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-01-2019
Willemsens Peter: Resigned as Managing director
01-08-2017
Geerts Veronique: Resigned as Manager
Location & real-estate footprint
Registered office, Baarle-Hertog · 3 establishment units since 1999
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.
Molenstraat 122387 Baarle-HertogGround area
2,266 m²
Building footprint
852 m²
Volume, LiDAR
3,512 m³
3 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Klavertje 4
since 19992.091.757.785
De Perswinkel
since 20162.254.336.517
Frovin
since 20162.263.406.017
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046A0233/00L006 | Flanders | 1,609 m² | 1 · 514 m² | 8.8 m · 1 fl. |
| 13002C0206/00E003 | Flanders | 372 m² | 1 · 128 m² | 10.3 m · 2 fl. |
| 13019E0284/00E003 | Flanders | 285 m² | 1 · 210 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBaarle-Hertog2.091.757.785
Lille2.254.336.517
Similar companies · same sector, comparable size
ELBACO
BE 0827.722.279
Vorselaar · Eq €728k
KRIJNEN ROOKWAREN
BE 0821.623.652
Baarle-Hertog · Eq €716k
NEWSPAPERSHOP DAILY
BE 0876.697.579
Bree · Eq €744k
DE JOMA
BE 0746.681.848
Rijkevorsel · Eq €772k
COPYRIGHT
BE 0439.918.457
Gent · Eq €680k
Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 684 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1999
Fiscal year end30-09
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
47252Retail sale of beverages, general range
47260Retail trade
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.