PROVAK
ActiveSummary
PROVAK has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €77k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 48% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency67▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.42 in 2024; short-term debt: 24.5% and cash: 0.5% of total assets), and 58.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
41.9%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d late
2023
28 d late
2022
29 d late
2021
3 d early
2020
3 d early
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.14M▲ 6.7%
2024 · €1.07M
2018: €764k
2019: €719k▼ -5.9% vs 2018
2020: €666k▼ -7.4% vs 2019lowest in 8 years
2021: €845k▲ +26.9% vs 2020
2022: €875k▲ +3.5% vs 2021
2023: €986k▲ +12.7% vs 2022
2024: €1.07M▲ +8.7% vs 2023
2025: €1.14M▲ +6.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.73M▼ 10.6%
2024 · €3.06M
2018: €3.10M
2019: €3.18M▲ +2.7% vs 2018
2020: €3.22M▲ +1.1% vs 2019
2021: €3.23M▲ +0.6% vs 2020highest in 8 years
2022: €3.08M▼ -4.9% vs 2021
2023: €2.75M▼ -10.7% vs 2022
2024: €3.06M▲ +11.1% vs 2023
2025: €2.73M▼ -10.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€77k▼ 10.2%
2024 · €86k
2018: €-54klowest in 8 years
2019: €-45k▲ +16.9% vs 2018
2020: €-53k▼ -17.5% vs 2019
2021: €179k▲ +439% vs 2020highest in 8 years
2022: €29k▼ -83.6% vs 2021
2023: €111k▲ +278% vs 2022
2024: €86k▼ -22.8% vs 2023
2025: €77k▼ -10.2% vs 2024
2018 → 2025
Working capital
€-474k▲ 16.4%
2024 · €-568k
2018: €-691k
2019: €-903k▼ -30.8% vs 2018
2020: €-1.03M▼ -14.0% vs 2019lowest in 8 years
2021: €-625k▲ +39.3% vs 2020
2022: €-791k▼ -26.6% vs 2021
2023: €-569k▲ +28.1% vs 2022
2024: €-568k▲ +0.3% vs 2023
2025: €-474k▲ +16.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€845k-€875k▲ 3.5%€986k▲ 12.7%€1.07M▲ 8.7%€1.14M▲ 6.7%
2021: €845klowest in 5 years
2022: €875k▲ +3.5% vs 2021
2023: €986k▲ +12.7% vs 2022
2024: €1.07M▲ +8.7% vs 2023
2025: €1.14M▲ +6.7% vs 2024highest in 5 years
Operating result€245k-€85k▼ 65.1%€173k▲ 102%€158k▼ 8.6%€150k▼ 4.7%
2021: €245khighest in 5 years
2022: €85k▼ -65.1% vs 2021lowest in 5 years
2023: €173k▲ +102% vs 2022
2024: €158k▼ -8.6% vs 2023
2025: €150k▼ -4.7% vs 2024
Net result€179k-€29k▼ 83.6%€111k▲ 278%€86k▼ 22.8%€77k▼ 10.2%
2021: €179khighest in 5 years
2022: €29k▼ -83.6% vs 2021lowest in 5 years
2023: €111k▲ +278% vs 2022
2024: €86k▼ -22.8% vs 2023
2025: €77k▼ -10.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.73M
Fixed assets
€2.54M ▼ 3.8%
Current assets
€195k ▼ 53.4%
Equity and liabilities €2.73M
Equity
€1.14M ▲ 6.7%
Provisions
€356k ▼ 5.2%
Debt
€1.23M ▼ 23.4%
Debt's share of the balance-sheet total falls from 52.6% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€279k▼
2024 · €290k
Cash flow
€206k▼
2024 · €218k
Current ratio
0.29▼
2024 · 0.42
Debt to equity
1.08▼
2024 · 1.50
ROE
6.7%▼
2024 · 8.0%
ROA
2.8%▲
2024 · 2.8%
Interest coverage
9.62▼
2024 · 13.50
Debt ≤ 1 year
€669k▼
2024 · €985k
Debt > 1 year
€549k▼
2024 · €618k
Income taxes
€71k▼
2024 · €77k
Staff costs
€-482▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.06M€2.73M▼
Fixed assets21/28€2.64M€2.54M▼
Tangible fixed assets22/27€2.59M€2.49M▼
Land and buildings22€2.57M€2.48M▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€14k€4k▼
Financial fixed assets28€46k€46k=
Current assets29/58€417k€195k▼
Amounts receivable after more than one year29-€156k
Other amounts receivable291-€156k
Amounts receivable within one year40/41€18k€11k▼
Trade receivables40€11k€8k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€383k€12k▼
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€3.06M€2.73M▼
Equity10/15€1.07M€1.14M▲
Contributions10/11€830k€830k=
Capital10€830k€830k=
Issued capital100€830k€830k=
Reserves13€954k€1.03M▲
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Tax-exempt reserves132€808k€750k▼
Distributable reserves133€144k€274k▲
Profit (loss) carried forward14€-713k€-713k=
Provisions and deferred taxes16€376k€356k▼
Deferred taxes168€376k€356k▼
Amounts payable17/49€1.61M€1.23M▼
Amounts payable after more than one year17€618k€549k▼
Financial debts170/4€598k€529k▼
Other amounts payable178/9€20k€20k=
Amounts payable within one year42/48€985k€669k▼
Current portion of amounts payable after more than one year42€58k€77k▲
Financial debts43€414k€33k▼
Credit institutions430/8€414k€33k▼
Trade debts44€30k€26k▼
Suppliers440/4€30k€26k▼
Taxes, remuneration and social security45€119k€150k▲
Taxes450/3€119k€150k▲
Remuneration and social security454/9€689-
Other amounts payable47/48€362k€382k▲
Accrued charges and deferred income492/3€5k€14k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€-482▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€129k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€26k€28k▲
Gross operating margin9900€318k€307k▼
Operating profit (loss)9901€158k€150k▼
Financial income75/76B€135€2k▲
Recurring financial income75€135€2k▲
Financial charges65/66B€21k€29k▲
Recurring financial charges65€21k€29k▲
Profit (loss) for the period before taxes9903€137k€124k▼
Transfer from deferred taxes780€27k€24k▼
Income taxes67/77€77k€71k▼
Profit (loss) for the period9904€86k€77k▼
Transfer from tax-exempt reserves789€58k€54k▼
Profit (loss) for the period to be appropriated9905€144k€131k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-569k€-582k▼
Profit (loss) brought forward from the previous period14P€-713k€-713k=
Transfer to equity691/2€144k€131k▼
To other reserves6921€144k€131k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24k | €25k | €20k | €2k | €-482 | ▼ 122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159k | €141k | €130k | €132k | €129k | ▼ 2.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-5k | €-5k | €-51k | €0 | - | - |
| Other operating charges640/8 | €35k | €23k | €28k | €26k | €28k | ▲ 10.1% |
| Gross operating margin9900 | €458k | €270k | €300k | €318k | €307k | ▼ 3.6% |
| Operating profit (loss)9901 | €245k | €85k | €173k | €158k | €150k | ▼ 4.7% |
| Financial income75/76B | €40k | €0 | €5 | €135 | €2k | ▲ 1,457% |
| Recurring financial income75 | €40k | €0 | €5 | €135 | €2k | ▲ 1,457% |
| Financial charges65/66B | €35k | €41k | €34k | €21k | €29k | ▲ 35.0% |
| Recurring financial charges65 | €35k | €41k | €34k | €21k | €29k | ▲ 35.0% |
| Profit (loss) for the period before taxes9903 | €250k | €45k | €139k | €137k | €124k | ▼ 9.5% |
| Transfer from deferred taxes780 | €36k | €35k | €58k | €27k | €24k | ▼ 7.9% |
| Income taxes67/77 | €106k | €50k | €86k | €77k | €71k | ▼ 8.3% |
| Profit (loss) for the period9904 | €179k | €29k | €111k | €86k | €77k | ▼ 10.2% |
| Transfer from tax-exempt reserves789 | €78k | €77k | €122k | €58k | €54k | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €257k | €106k | €234k | €144k | €131k | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.23M | €3.08M | €2.75M | €3.06M | €2.73M | ▼ 10.6% |
| Fixed assets21/28 | €3.18M | €3.05M | €2.71M | €2.64M | €2.54M | ▼ 3.8% |
| Tangible fixed assets22/27 | €3.18M | €3.05M | €2.66M | €2.59M | €2.49M | ▼ 3.9% |
| Land and buildings22 | €3.16M | €3.03M | €2.65M | €2.57M | €2.48M | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €1k | €1k | €9k | €7k | ▼ 23.3% |
| Furniture and vehicles24 | €18k | €15k | €11k | €14k | €4k | ▼ 70.4% |
| Financial fixed assets28 | €0 | - | €46k | €46k | €46k | = |
| Current assets29/58 | €57k | €28k | €39k | €417k | €195k | ▼ 53.4% |
| Amounts receivable after more than one year29 | €0 | - | - | - | €156k | - |
| Other amounts receivable291 | €0 | - | - | - | €156k | - |
| Amounts receivable within one year40/41 | €40k | €17k | €13k | €18k | €11k | ▼ 37.1% |
| Trade receivables40 | €38k | €14k | €13k | €11k | €8k | ▼ 26.3% |
| Other amounts receivable41 | €1k | €3k | €0 | €7k | €3k | ▼ 54.7% |
| Cash at bank and in hand54/58 | €7k | €5k | €8k | €383k | €12k | ▼ 96.7% |
| Deferred charges and accrued income490/1 | €10k | €6k | €18k | €16k | €15k | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.23M | €3.08M | €2.75M | €3.06M | €2.73M | ▼ 10.6% |
| Equity10/15 | €845k | €875k | €986k | €1.07M | €1.14M | ▲ 6.7% |
| Contributions10/11 | €830k | €830k | €830k | €830k | €830k | = |
| Capital10 | €830k | €830k | €830k | €830k | €830k | = |
| Issued capital100 | €830k | €830k | €830k | €830k | €830k | = |
| Reserves13 | €1.07M | €991k | €869k | €954k | €1.03M | ▲ 7.6% |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €1.07M | €988k | €866k | €808k | €750k | ▼ 7.2% |
| Distributable reserves133 | - | - | - | €144k | €274k | ▲ 91.1% |
| Profit (loss) carried forward14 | €-1.05M | €-946k | €-713k | €-713k | €-713k | = |
| Provisions and deferred taxes16 | €552k | €512k | €402k | €376k | €356k | ▼ 5.2% |
| Provisions for liabilities and charges160/5 | €56k | €51k | €0 | - | - | - |
| Other liabilities and charges164/5 | €56k | €51k | €0 | - | - | - |
| Deferred taxes168 | €496k | €461k | €402k | €376k | €356k | ▼ 5.2% |
| Amounts payable17/49 | €1.84M | €1.69M | €1.36M | €1.61M | €1.23M | ▼ 23.4% |
| Amounts payable after more than one year17 | €1.15M | €856k | €753k | €618k | €549k | ▼ 11.2% |
| Financial debts170/4 | €1.13M | €836k | €735k | €598k | €529k | ▼ 11.5% |
| Other amounts payable178/9 | €15k | €20k | €17k | €20k | €20k | = |
| Amounts payable within one year42/48 | €682k | €820k | €608k | €985k | €669k | ▼ 32.1% |
| Current portion of amounts payable after more than one year42 | €169k | €168k | €94k | €58k | €77k | ▲ 31.7% |
| Financial debts43 | €72k | €86k | €41k | €414k | €33k | ▼ 92.0% |
| Credit institutions430/8 | €72k | €86k | €41k | €414k | €33k | ▼ 92.0% |
| Trade debts44 | €36k | €24k | €10k | €30k | €26k | ▼ 13.8% |
| Suppliers440/4 | €36k | €24k | €10k | €30k | €26k | ▼ 13.8% |
| Taxes, remuneration and social security45 | €117k | €150k | €113k | €119k | €150k | ▲ 26.1% |
| Taxes450/3 | €114k | €146k | €112k | €119k | €150k | ▲ 26.8% |
| Remuneration and social security454/9 | €3k | €4k | €902 | €689 | - | - |
| Other amounts payable47/48 | €289k | €392k | €351k | €362k | €382k | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €6k | €14k | €0 | €5k | €14k | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179k | €29k | €111k | €86k | €77k | ▼ 10.2% |
| + Depreciation and write-downs630 | €159k | €141k | €130k | €132k | €129k | ▼ 2.8% |
| Operating cash flow (approximation) | €339k | €170k | €242k | €218k | €206k | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €-12k | €208k | €-60k | €-27k | ▲ 54.5% |
| Change in cash | - | €-2k | €3k | €375k | €-371k | ▼ 199% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €1MEq €1.07M ▲8.7%
4 profitable years in a row build equity to €1.07M.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €179k
Net result €179k after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Kapellen · 1 establishment unit since 1992
Ground area
348 m²
Building footprint
223 m²
Volume, LiDAR
2,017 m³
Parcel 11902G0018/00M002, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Antwerpsesteenweg 15/17, 2950 Kapellen
since 19922.058.954.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0018/00M002 | Flanders | 348 m² | 1 · 223 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 2,712 companies in sector 73200 we hold annual accounts for 1,782. 1,055 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-08-1992
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
51100Air transport
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.