PROVACO
ActiveSummary
PROVACO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €222k and a net result of €21k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+8
Solvency52▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.75 in 2023; short-term debt: 69.4% and cash: 5.1% of total assets), and 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
31 d early
2022
61 d early
2021
81 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€222k▲ 10.6%
2023 · €201k
Total assets
€809k▲ 2.5%
2023 · €789k
Net result
€21k▲ 88.5%
2023 · €11k
Working capital
€-129k▲ 5.2%
2023 · €-136k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-123k€23k€17k▼ 24.5%€21k▲ 22.8%€32k▲ 50.3%
Net result€-132k€15k€8k▼ 44.2%€11k▲ 38.8%€21k▲ 88.5%
Equity€167k▼ 44.1%€182k▲ 8.7%€190k▲ 4.5%€201k▲ 6.0%€222k▲ 10.6%
Total assets€837k▼ 20.7%€810k▼ 3.3%€887k▲ 9.6%€789k▼ 11.1%€809k▲ 2.5%
Debt€671k▼ 11.5%€628k▼ 6.3%€698k▲ 11.1%€588k▼ 15.7%€587k▼ 0.2%
Working capital€-135k€-135k▼ 0.6%€-137k▼ 1.2%€-136k▲ 0.8%€-129k▲ 5.2%
Staff (FTE)0.4▼ 33.3%0.4=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €809k
Fixed assets
€376k ▼ 2.8%
Current assets
€433k ▲ 7.7%
Equity and liabilities €809k
Equity
€222k ▲ 10.6%
Debt
€587k ▼ 0.2%
Debt's share of the balance-sheet total falls from 74.5% to 72.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2023 · €36k
Cash flow
€36k▲
2023 · €26k
Current ratio
0.77▲
2023 · 0.75
Quick ratio
0.22▲
2023 · 0.19
Debt to equity
2.64▼
2023 · 2.93
ROE
9.6%▲
2023 · 5.6%
ROA
2.6%▲
2023 · 1.4%
Interest coverage
4.47▲
2023 · 3.65
Debt ≤ 1 year
€562k▲
2023 · €538k
Debt > 1 year
€25k▼
2023 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14k | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €15k | €15k | €15k | €15k | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-149k | - | - | - |
| Other operating charges640/8 | - | €3k | €153k | €4k | €3k | ▼ 4.7% |
| Gross operating margin9900 | €-88k | €55k | €37k | €40k | €50k | ▲ 26.9% |
| Operating profit (loss)9901 | €-123k | €23k | €17k | €21k | €32k | ▲ 50.3% |
| Financial income75/76B | - | €117 | €60 | €0 | €3 | ▲ 1,940% |
| Recurring financial income75 | €198 | €117 | €60 | €0 | €3 | ▲ 1,940% |
| Financial charges65/66B | - | €8k | €9k | €10k | €10k | ▲ 6.4% |
| Recurring financial charges65 | €9k | €8k | €9k | €10k | €10k | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | €-132k | €15k | €8k | €11k | €21k | ▲ 88.5% |
| Profit (loss) for the period9904 | €-132k | €15k | €8k | €11k | €21k | ▲ 88.5% |
| Profit (loss) for the period to be appropriated9905 | €-132k | €15k | €8k | €11k | €21k | ▲ 88.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €837k | €810k | €887k | €789k | €809k | ▲ 2.5% |
| Fixed assets21/28 | €427k | €417k | €402k | €387k | €376k | ▼ 2.8% |
| Tangible fixed assets22/27 | €426k | €417k | €402k | €387k | €376k | ▼ 2.8% |
| Land and buildings22 | - | €405k | €393k | €382k | €372k | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €12k | €8k | €5k | €4k | ▼ 21.3% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €411k | €393k | €486k | €402k | €433k | ▲ 7.7% |
| Stocks and contracts in progress3 | €250k | €245k | €266k | €300k | €312k | ▲ 4.1% |
| Stocks30/36 | - | €245k | €266k | €300k | €312k | ▲ 4.1% |
| Amounts receivable within one year40/41 | €73k | €51k | €163k | €86k | €77k | ▼ 10.2% |
| Trade receivables40 | - | €45k | €151k | €71k | €50k | ▼ 28.5% |
| Other amounts receivable41 | - | €6k | €12k | €16k | €27k | ▲ 72.6% |
| Cash at bank and in hand54/58 | €84k | €90k | €47k | €10k | €41k | ▲ 297% |
| Deferred charges and accrued income490/1 | - | €7k | €10k | €6k | €3k | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €837k | €810k | €887k | €789k | €809k | ▲ 2.5% |
| Equity10/15 | €167k | €182k | €190k | €201k | €222k | ▲ 10.6% |
| Contributions10/11 | - | €52k | €52k | €52k | €52k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €110k | €124k | €132k | €144k | €165k | ▲ 14.8% |
| Amounts payable17/49 | €671k | €628k | €698k | €588k | €587k | ▼ 0.2% |
| Amounts payable after more than one year17 | €125k | €100k | €75k | €50k | €25k | ▼ 50.0% |
| Financial debts170/4 | - | €100k | €75k | €50k | €25k | ▼ 50.0% |
| Amounts payable within one year42/48 | €546k | €528k | €623k | €538k | €562k | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | €25k | €25k | €25k | €25k | = |
| Financial debts43 | - | €250k | €150k | €150k | €150k | = |
| Credit institutions430/8 | - | €250k | €150k | €150k | €150k | = |
| Trade debts44 | €30k | €33k | €261k | €179k | €202k | ▲ 13.3% |
| Suppliers440/4 | - | €33k | €261k | €179k | €202k | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €2k | €2k | - | €387 | - |
| Taxes450/3 | - | - | - | - | €387 | - |
| Remuneration and social security454/9 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | - | €218k | €185k | €185k | €184k | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-132k | €15k | €8k | €11k | €21k | ▲ 88.5% |
| + Depreciation and write-downs630 | €17k | €15k | €15k | €15k | €15k | ▲ 1.4% |
| Operating cash flow (approximation) | €-114k | €30k | €23k | €26k | €36k | ▲ 39.1% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-4k | - |
| Change in cash | - | €5k | €-43k | €-36k | €31k | ▲ 184% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €21k ▲88.5%
Net result €21k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €201k ▲6%
3 profitable years in a row build equity to €201k.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-132k
Net result drops to €-132k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Diest · 3 establishment units since 1985
Ground area
2,936 m²
Building footprint
1,263 m²
Volume, LiDAR
7,730 m³
3 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Neerveldstraat 60, 3290 Diest
since 19852.026.898.934
Papenbroekstraat 357, 3290 Diest
since 20142.234.220.103
Elzenhout 65, 3460 Bekkevoort
since 20162.257.110.024
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120D0007/00N000 | Flanders | 1,733 m² | 1 · 347 m² | 8.2 m · 2 fl. |
| 24002G0005/00N000 | Flanders | 625 m² | 1 · 799 m² | 11.8 m · 2 fl. |
| 24120E0007/00P000 | Flanders | 577 m² | 1 · 116 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 to 2025 · 4 entries · 4,802 EUR awarded · 4,802 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,047 EUR | 1,047 EUR |
| 2024 | 1 | 1,391 EUR | 1,391 EUR |
| 2023 | 1 | 1,653 EUR | 1,653 EUR |
| 2022 | 1 | 711 EUR | 711 EUR |
Schemes
Brede weersverzekering
Recognitions · licences · registrations
Food safety, FASFC
3 sitesDiest2.026.898.934
Bekkevoort2.257.110.024
Diest2.234.220.103
Similar companies · same sector, comparable size
VACLAR
BE 0426.469.309
Wingene · Eq €220k
DELFT EN ZOON
BE 0426.310.941
Wielsbeke · Eq €228k
Finvarco
BE 0825.400.219
Roeselare · Eq €232k
LEYBERTHOEVE
BE 1004.019.581
Berlaar · Eq €236k
Jonas Demonie
BE 0664.692.993
Hooglede · Eq €239k
Of 587 companies in sector 01462 we hold annual accounts for 213. 180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
01462Crop and animal production, hunting and related service activities
01110Growing of cereals (except rice), leguminous crops and oil seeds
01199Crop and animal production, hunting and related service activities
46216Wholesale of agricultural produce and animal feed, general range
46231Wholesale of live animals
46232Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.