FROVA
0458.610.258 · rovalta.com · 21/09/2026
ACTIVE
FROVA
Financial year 2025 · closed on 31/12/2025
Net result
89,1 k €
-11.3% YoY
Gross margin
128,5 k €
-17.8% YoY
Equity
236,6 k €
+30.3% YoY
Overview
What does FROVA do?
FROVA is a Public limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Roeselare.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0458.610.258
Incorporation
05/08/1996
Legal form
Public limited company
Registered office
Meensesteenweg 55
8800 Roeselare · FlandreSee on map
8800 Roeselare · FlandreSee on map
Contributed capital
100,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 128,5 k € | -17.8% | 156,3 k € | +16.7% | 133,9 k € | -0.5% | 134,5 k € | – | 66 € | +116% | -402 € | +55.1% | -895,8 € | -3.9% | -862 € | +74.5% | -3,4 k € | -574% | -501,1 € | 0.0% | -501,1 € | +1.0% | -506,4 € | -110% | 4,8 k € | +822% | -671,1 € | +73.6% | -2,5 k € | +92.8% | -35,3 k € | -107% | -17 k € | -7.5% | -15,8 k € | -3798% | 427,7 € | ||
| EBITDA | 126,6 k € | -18.8% | 155,8 k € | +16.8% | 133,3 k € | -0.5% | 134 k € | – | 66 € | +109% | -735,3 € | +28.3% | -1 k € | -3.7% | -989,4 € | +74.6% | -3,9 k € | -472% | -680,8 € | -8.9% | -625,1 € | +0.6% | -628,8 € | +41.8% | -1,1 k € | -37.5% | -785,9 € | +69.1% | -2,5 k € | +95.8% | -60,5 k € | -253% | -17,1 k € | -6.6% | -16 k € | -19300% | 83,6 € | ||
| Operating result | 115,8 k € | -23.0% | 150,4 k € | +17.4% | 128 k € | +3.9% | 123,3 k € | – | 66 € | +109% | -735,3 € | +28.3% | -1 k € | -3.7% | -989,4 € | +74.6% | -3,9 k € | -472% | -680,8 € | -8.9% | -625,1 € | +0.6% | -628,8 € | +41.8% | -1,1 k € | -37.5% | -785,9 € | +69.1% | -2,5 k € | +95.8% | -60,5 k € | -253% | -17,1 k € | -6.6% | -16 k € | -19300% | 83,6 € | ||
| Net result | 89,1 k € | -11.3% | 100,4 k € | +3.5% | 97 k € | +5.5% | 91,9 k € | – | 66 € | +109% | -735,3 € | +28.6% | -1 k € | +7.8% | -1,1 k € | +71.4% | -3,9 k € | -401% | -778,8 € | -7.3% | -726,1 € | +0.2% | -727,2 € | +38.2% | -1,2 k € | -30.7% | -900,9 € | +64.6% | -2,5 k € | +95.8% | -60,6 k € | -252% | -17,2 k € | -6.1% | -16,2 k € | -23600% | 69 € | ||
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 236,6 k € | +30.3% | 181,6 k € | +119% | 82,8 k € | +15.3% | 71,9 k € | +489% | -18,5 k € | 0.0% | -18,5 k € | +0.4% | -18,5 k € | -4.1% | -17,8 k € | -6.1% | -16,8 k € | -7.1% | -15,6 k € | -33.2% | -11,7 k € | -7.1% | -11 k € | -7.1% | -10,2 k € | -7.6% | -9,5 k € | -14.1% | -8,3 k € | -12.1% | -7,4 k € | -52.0% | -4,9 k € | -109% | 55,7 k € | -23.6% | 72,9 k € | -18.2% | 89,1 k € |
| Total assets | 292,3 k € | +43.0% | 204,4 k € | +0.3% | 203,9 k € | +47.5% | 138,2 k € | – | – | 3,7 k € | 0.0% | 3,7 k € | -0.1% | 3,7 k € | -0.7% | 3,7 k € | -13.2% | 4,3 k € | 0.0% | 4,3 k € | 0.0% | 4,3 k € | 0.0% | 4,3 k € | -55.5% | 9,7 k € | -3.5% | 10,1 k € | -81.3% | 53,7 k € | -13.1% | 61,8 k € | -18.9% | 76,2 k € | -18.1% | 93,1 k € | |||
| Cash | 118,1 k € | -14.7% | 138,4 k € | -1.2% | 140,1 k € | +95.2% | 71,8 k € | – | – | – | – | 3,9 € | -87.5% | 31,3 € | – | – | – | – | 175,4 € | +745% | 20,8 € | -30.1% | 29,7 € | -39.5% | 49,1 € | -17.6% | 59,5 € | +113% | 28 € | ||||||||||
| Debts | 55,7 k € | +144% | 22,8 k € | -81.2% | 121 k € | +82.5% | 66,3 k € | +259% | 18,5 k € | 0.0% | 18,5 k € | -17.0% | 22,2 k € | +3.4% | 21,5 k € | +5.0% | 20,5 k € | +5.6% | 19,4 k € | +20.7% | 16,1 k € | +5.1% | 15,3 k € | +5.0% | 14,6 k € | +5.3% | 13,8 k € | -23.3% | 18 k € | +3.2% | 17,5 k € | -70.2% | 58,6 k € | +877% | 6 k € | +89.5% | 3,2 k € | -18.0% | 3,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Freija Deprest
ActiveEnded mandates
Dirk Borghgraef
EndedThomas Borggraef
EndedDirk Borghgraef
EndedThomas Borghgraef
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Abridged model | Abridged model | Abridged model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/06/2026 | 25/06/2025 | 24/07/2024 | 07/07/2023 | 20/06/2022 | 30/08/2021 |
| General meeting | 20/06/2026 | 21/06/2025 | 27/06/2024 | 17/06/2023 | 18/06/2022 | 28/05/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 20/06/2026 | 22/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 21/06/2025 | 25/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 27/06/2024 | 24/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 17/06/2023 | 07/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 18/06/2022 | 20/06/2022 | Dutch | |
| Micro model | 31/12/2020 | 28/05/2021 | 30/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 07/08/2020 | 30/11/2020 | Dutch | |
| Micro model | 31/12/2018 | 31/05/2019 | 30/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 25/06/2018 | 01/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 15/06/2017 | 25/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/05/2016 | 05/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 22/05/2015 | 28/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/06/2013 | 28/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 26/10/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 30/11/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 31/12/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 30/09/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 26/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 22/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Freija Deprest
ActiveEnded mandates
Dirk Borghgraef
EndedThomas Borggraef
EndedDirk Borghgraef
EndedThomas Borghgraef
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202589,1 k €↓
- 2024Annual accounts 2024100,4 k €↑
- 2023Annual accounts 202397 k €↑
- 2022Annual accounts 202291,9 k €↑
- 2021Annual accounts 2021
- 2021Name changeFrova
- 2020Annual accounts 202066 €↑
- 2019Annual accounts 2019-735,3 €↑
- 2018Annual accounts 2018-1 k €↑
- 2017Annual accounts 2017-1,1 k €↑
- 2016Annual accounts 2016-3,9 k €↓
- 2015Annual accounts 2015-778,8 €↓
- 2014Annual accounts 2014-726,1 €↑
- 2013Annual accounts 2013-727,2 €↑
- 2012Annual accounts 2012-1,2 k €↓
- 2011Annual accounts 2011-900,9 €↑
- 2010Annual accounts 2010-2,5 k €↑
- 2009Annual accounts 2009-60,6 k €↓
- 2008Annual accounts 2008-17,2 k €↓
- 2007Annual accounts 2007-16,2 k €↓
- 2006Annual accounts 200669 €
- 2006Name changeABBEXA
- 05/08/1996IncorporationPublic limited company