Frowin
ActiveFrowin has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7k and a net result of €24k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 1933 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▼-36
Growth58▲+16
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.2%
Return on assets
27.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1933 sector peers (2024).
NBB · sector comparisonPosition among 1933 sector peers
Solvency
better than 21%
← weakest
strongest →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 21.1%
2023 · €9k
2022: €9k
2023: €9k
2022 → 2024
Total assets
€86k▲ 328%
2023 · €20k
2022: €46k
2023: €20k
2022 → 2024
Net result
€24k▲ 297%
2023 · €6k
2022: €6k
2023: €6k
2022 → 2024
Working capital
€827▼ 87.9%
2023 · €7k
2022: €8k
2023: €7k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€9k-€9k=€7k▼ 21.1%
Operating result€9k-€8k▼ 9.0%€31k▲ 282%
Net result€6k-€6k▼ 6.8%€24k▲ 297%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 282% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€51k▲ 2,435%
Current assets
€34k▲ 90.9%
Equity and liabilities €86k
Equity
€7k▼ 21.1%
Debt
€79k▲ 605%
The debt ratio rises from 55.7% to 91.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▲
2023 · €9k
Cash flow
€37k▲
2023 · €7k
Solvency
8.2%▼
2023 · 44.3%
Current ratio
1.02▼
2023 · 1.61
Quick ratio
1.02▼
2023 · 1.61
Debt / equity
11.25▲
2023 · 1.26
ROE
337.5%▲
2023 · 67.1%
ROA
27.5%▼
2023 · 29.7%
Interest coverage
288.69▲
2023 · 79.33
Debt
€79k▲
2023 · €11k
Debt ≤ 1 year
€34k▲
2023 · €11k
Debt > 1 year
€45k
Income taxes
€7k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€20k€86k▲
Fixed assets21/28€2k€51k▲
Tangible fixed assets22/27€2k€51k▲
Furniture and vehicles24€2k€51k▲
Current assets29/58€18k€34k▲
Amounts receivable within one year40/41€6k€28k▲
Trade receivables40€5k€27k▲
Other amounts receivable41€837€1k▲
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€20k€86k▲
Equity10/15€9k€7k▼
Contributions10/11€1k€1k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€2k-
Amounts payable17/49€11k€79k▲
Amounts payable after more than one year17-€45k
Financial debts170/4-€45k
Amounts payable within one year42/48€11k€34k▲
Trade debts44€502€347▼
Suppliers440/4€502€347▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€8k€27k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€948€13k▲
Other operating charges640/8€220€243▲
Gross operating margin9900€9k€45k▲
Operating profit (loss)9901€8k€31k▲
Financial income75/76B€13€1▼
Recurring financial income75€13€1▼
Financial charges65/66B€115€154▲
Recurring financial charges65€115€154▲
Profit (loss) for the period before taxes9903€8k€31k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€6k€24k▲
Profit (loss) for the period to be appropriated9905€6k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€25k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Profit to be distributed694/7€6k€25k▲
Return on contributions (dividend)694€6k€25k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €24k ▲297%
Operating result €31k, net result €24k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €6k ▼6.8%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Verlaine · 1 establishment unit since 2017
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.
Rue Harduémont(VER) 534537 VerlaineGround area
1.0 ha
Building footprint
92 m²
Volume, LiDAR
841 m³
Parcel 61063A1047/00B000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Frowin
since 20172.260.892.925
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063A1047/00B000 | Wallonia | 1.0 ha | 1 · 92 m² | 10.3 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.
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Of 1,323 companies in sector 59111 we hold annual accounts for 688. 370 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2017
Fiscal year end31-12
Activities, NACEBEL
59111Production of cinema films
58290Other software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.