ACTIVE

FROVIN

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

41,2 k €

+101.0% YoY

Gross margin

530,6 k €

+20.1% YoY

Equity

728,2 k €

+6.0% YoY

Workforce

10,5 ETP

+22.1% YoY

What does FROVIN do?

FROVIN is a Public limited company incorporated in 1999. Its registered office is in Baarle-Hertog. It employs on average 10,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.359.865

Incorporation

25/06/1999

Legal form

Public limited company

Registered office

Molenstraat 12
2387 Baarle-Hertog · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

10,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

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	530,6 k €	+20.1%	441,8 k €	-3.0%	455,2 k €	-13.7%	527,3 k €	+5.2%	501,1 k €	+12.4%	445,7 k €	-5.8%	472,9 k €	-23.5%	618,2 k €	+36.9%	451,7 k €	+12.8%	400,3 k €	-11.4%	451,9 k €	+9.3%	413,4 k €	+450%	75,2 k €	+175%	27,4 k €	+324%	6,5 k €	-95.2%	134,4 k €	+10.4%	121,8 k €	+15.6%	105,3 k €	-19.5%	130,8 k €	+19.7%	109,3 k €
EBITDA	158,7 k €	+14.2%	139 k €	-3.8%	144,4 k €	-43.7%	256,8 k €	-2.7%	264 k €	+9.6%	240,8 k €	-17.1%	290,6 k €	-37.2%	462,6 k €	+44.2%	320,7 k €	-2.5%	329 k €	-8.7%	360,3 k €	-1.6%	366 k €	+558%	55,6 k €	+495%	9,4 k €	+184%	-11,2 k €	-111%	106 k €	+27.6%	83,1 k €	+16.7%	71,2 k €	-32.0%	104,6 k €	+22.6%	85,3 k €
Operating result	96,7 k €	+42.1%	68 k €	+6.0%	64,2 k €	-57.6%	151,4 k €	-8.4%	165,4 k €	+14.2%	144,8 k €	-25.3%	194 k €	-49.0%	380,3 k €	+71.9%	221,2 k €	-2.5%	226,9 k €	-25.4%	304,1 k €	-7.5%	329 k €	+1550%	19,9 k €	+560%	3 k €	+117%	-17,5 k €	-118%	99,2 k €	+40.3%	70,7 k €	+24.1%	57 k €	-36.5%	89,8 k €	+18.8%	75,5 k €
Net result	41,2 k €	+101%	20,5 k €	+1.1%	20,3 k €	-79.4%	98,5 k €	-9.9%	109,3 k €	+16.8%	93,6 k €	-26.0%	126,6 k €	-37.0%	201 k €	+81.3%	110,9 k €	-3.9%	115,4 k €	-34.7%	176,7 k €	-6.5%	188,9 k €	+1868%	9,6 k €	+24362%	-39,6 €	-100%	24 k €	-66.3%	71,3 k €	+37.3%	51,9 k €	+21.5%	42,8 k €	-31.2%	62,1 k €	+25.1%	49,7 k €
Balance sheet
Equity	728,2 k €	+6.0%	687 k €	+3.1%	666,5 k €	-43.1%	1,2 M €	+9.2%	1,1 M €	+11.3%	964,3 k €	+4.6%	922,1 k €	+14.6%	804,5 k €	+33.3%	603,5 k €	+22.5%	492,6 k €	+30.6%	377,2 k €	+88.1%	200,5 k €	+382%	41,6 k €	+30.0%	32 k €	-0.1%	32 k €	-93.7%	508 k €	+16.3%	436,8 k €	+13.5%	384,8 k €	+12.5%	342,1 k €	+22.2%	280 k €
Total assets	1,1 M €	+5.0%	1,1 M €	-6.6%	1,2 M €	-28.7%	1,6 M €	-8.8%	1,8 M €	+22.4%	1,4 M €	+3.0%	1,4 M €	+10.4%	1,3 M €	-31.6%	1,9 M €	+2.8%	1,8 M €	+36.2%	1,3 M €	+32.3%	1 M €	+15.2%	872,3 k €	+559%	132,4 k €	-33.4%	198,9 k €	-69.0%	640,8 k €	+13.6%	563,9 k €	+12.7%	500,5 k €	+8.3%	462 k €	+10.6%	417,7 k €
Cash	179,6 k €	-22.7%	232,3 k €	-18.0%	283,4 k €	-40.3%	474,4 k €	+4.3%	454,9 k €	-11.4%	513,4 k €	+17.0%	438,8 k €	+18.4%	370,7 k €	-9.9%	411,4 k €	+41.7%	290,3 k €	+122%	130,9 k €	-21.5%	166,6 k €	+361%	36,2 k €	+25.1%	28,9 k €	-59.0%	70,5 k €	-74.1%	271,6 k €	+25.0%	217,4 k €	+31.2%	165,8 k €	+15.5%	143,5 k €	+42.6%	100,7 k €
Debts	403,2 k €	+3.6%	389,1 k €	-20.0%	486,5 k €	+9.6%	444,1 k €	-36.4%	697,8 k €	+50.8%	462,9 k €	+2.0%	453,6 k €	-3.2%	468,8 k €	-62.7%	1,3 M €	-4.5%	1,3 M €	+38.4%	952,2 k €	+18.4%	804,2 k €	-3.2%	830,7 k €	+727%	100,5 k €	-39.8%	166,9 k €	+25.6%	132,8 k €	+4.4%	127,2 k €	+10.0%	115,6 k €	-3.5%	119,9 k €	-12.9%	137,7 k €
Other
Workforce	10,5 ETP	+22.1%	8,6 ETP	+21.1%	7,1 ETP	-10.1%	7,9 ETP	+3.9%	7,6 ETP	+10.1%	6,9 ETP	+4.5%	6,6 ETP	-4.3%	6,9 ETP	+19.0%	5,8 ETP	+164%	2,2 ETP	+29.4%	1,7 ETP	0.0%	1,7 ETP	+240%	0,5 ETP	0.0%	0,5 ETP	-16.7%	0,6 ETP	-50.0%	1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP	+9.1%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 36 ended

Active mandates

Bjarne Maria Willemsens

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Active

Gianni Willy Daems

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Active

Larissa Nieke Willemsens

Director · since 03 janvier 2019 · until 20 janvier 2025

Active

Ended mandates

Jytte Lemmens

Director · since 15 mars 2021 · until 20 janvier 2025

Ended

Bjarne Willemsens

Director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Bjarne Willemsens

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Gianni Willy Daems

Director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	15/05/2025	26/03/2024	10/02/2023	28/02/2022	15/02/2021
General meeting	17/01/2026	18/01/2025	20/01/2024	21/01/2023	15/01/2022	16/01/2021
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 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	17/01/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	18/01/2025	15/05/2025	Dutch	PDF
Abridged model	30/09/2023	20/01/2024	26/03/2024	Dutch	PDF
Abridged model	30/09/2022	21/01/2023	10/02/2023	Dutch	PDF
Abridged model	30/09/2021	15/01/2022	28/02/2022	Dutch	PDF
Abridged model	30/09/2020	16/01/2021	15/02/2021	Dutch	PDF
Abridged model	30/09/2019	18/01/2020	17/02/2020	Dutch	PDF
Abridged model	30/09/2018	19/01/2019	12/02/2019	Dutch	PDF
Abridged model	30/09/2017	20/01/2018	26/01/2018	Dutch	PDF
Abridged model	30/09/2016	21/01/2017	13/02/2017	Dutch	PDF
Abridged model	30/09/2015	16/01/2016	21/01/2016	Dutch	PDF
Abridged model	30/09/2014	24/11/2014	23/12/2014	Dutch	PDF
Abridged model	30/09/2013	18/01/2014	23/01/2014	Dutch	PDF
Abridged model	30/09/2012	19/01/2013	18/04/2013	Dutch	PDF
Abridged model	30/09/2011	21/01/2012	22/02/2012	Dutch	PDF
Abridged model	30/09/2010	15/01/2011	04/04/2011	Dutch	PDF
Abridged modelCorrection	30/09/2009	16/01/2010	04/10/2010	Dutch	PDF
Abridged model	30/09/2009	16/01/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	17/01/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	19/01/2008	07/05/2008	Dutch	PDF
Abridged model	30/09/2006	20/01/2007	23/05/2007	Dutch	PDF

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 36 ended

Active mandates

Bjarne Maria Willemsens

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Active

Gianni Willy Daems

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Active

Larissa Nieke Willemsens

Director · since 03 janvier 2019 · until 20 janvier 2025

Active

Ended mandates

Jytte Lemmens

Director · since 15 mars 2021 · until 20 janvier 2025

Ended

Bjarne Willemsens

Director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Bjarne Willemsens

Managing director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Gianni Willy Daems

Director · since 03 janvier 2019 · until 20 janvier 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/06/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202541,2 k €↑
2024
Annual accounts 202420,5 k €↑
2023
Annual accounts 202320,3 k €↓
2022
Annual accounts 202298,5 k €↓
2021
Annual accounts 2021109,3 k €↑
2020
Annual accounts 202093,6 k €↓
2019
Annual accounts 2019126,6 k €↓
2018
Annual accounts 2018201 k €↑
2017
Annual accounts 2017110,9 k €↓
2016
Annual accounts 2016115,4 k €↓
2015
Annual accounts 2015176,7 k €↓
2014
Annual accounts 2014188,9 k €↑
2013
Annual accounts 20139,6 k €↑
2012
Annual accounts 2012-39,6 €↓
2011
Annual accounts 201124 k €↓
2010
Annual accounts 201071,3 k €↑
2009
Annual accounts 200951,9 k €↑
2008
Annual accounts 200842,8 k €↓
2007
Annual accounts 200762,1 k €↑
2006
Annual accounts 200649,7 k €
25/06/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FROVIN

Overview

What does FROVIN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline