PROVAL
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-04-2024, 110 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
110 d early
2022
87 d early
2021
31 d early
2020
10 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 45 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceUBO strikeout annulled
Financials · fiscal year 2023, micro schema
Equity
€384,266▲ 80.8%
2022 · €212,561
Total assets
€391,373▼ 2.8%
2022 · €402,790
Net result
€171,704▲ 384%
2022 · €35,442
Working capital
€72,022▲ 38.7%
2022 · €51,929
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
Line20192020202120222023
Operating result€84,009▲ 57.2%€24,177▼ 71.2%€96,096▲ 297%€54,078▼ 43.7%€254,591▲ 371%
Net result€60,763▲ 77.0%€13,744▼ 77.4%€66,671▲ 385%€35,442▼ 46.8%€171,704▲ 384%
Equity€97,505▲ 165%€111,249▲ 14.1%€177,920▲ 59.9%€212,561▲ 19.5%€384,266▲ 80.8%
Total assets€377,300▲ 0.5%€418,032▲ 10.8%€398,558▼ 4.7%€402,790▲ 1.1%€391,373▼ 2.8%
Debt€279,795▼ 17.4%€306,782▲ 9.6%€220,637▼ 28.1%€190,229▼ 13.8%€7,107▼ 96.3%
Working capital-€30,903▲ 49.0%-€24,157▲ 21.8%€36,416€51,929▲ 42.6%€72,022▲ 38.7%
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 2023; 2023 is 371% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €391,373
Fixed assets
€312,244 ▼ 1.2%
Current assets
€79,129 ▼ 8.6%
Equity and liabilities €391,373
Equity
€384,266 ▲ 80.8%
Debt
€7,107 ▼ 96.3%
Debt's share of the balance-sheet total falls from 47.2% to 1.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€255,300▲
2022 · €55,518
Cash flow
€172,413▲
2022 · €36,882
Current ratio
11.13▲
2022 · 2.50
Debt to equity
0.02▼
2022 · 0.89
ROE
44.7%▲
2022 · 16.7%
ROA
43.9%▲
2022 · 8.8%
Interest coverage
34.35▲
2022 · 20.08
Debt ≤ 1 year
€7,107▼
2022 · €34,673
Income taxes
€75,455▲
2022 · €15,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,935 | €17,409 | €16,481 | €1,440 | €709 | ▼ 50.8% |
| Other operating charges640/8 | - | - | €2,079 | €2,338 | €2,256 | ▼ 3.5% |
| Gross operating margin9900 | €103,565 | €43,493 | €114,655 | €57,856 | €257,557 | ▲ 345% |
| Operating profit (loss)9901 | €84,009 | €24,177 | €96,096 | €54,078 | €254,591 | ▲ 371% |
| Financial income75/76B | - | - | €13 | €61 | €1 | ▼ 99.1% |
| Recurring financial income75 | €2 | €36 | €13 | €61 | €1 | ▼ 99.1% |
| Financial charges65/66B | - | - | €2,700 | €2,764 | €7,433 | ▲ 169% |
| Recurring financial charges65 | €3,475 | €4,397 | €2,700 | €2,764 | €7,433 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €80,536 | €19,816 | €93,409 | €51,375 | €247,159 | ▲ 381% |
| Income taxes67/77 | €19,773 | €6,072 | €26,738 | €15,933 | €75,455 | ▲ 374% |
| Profit (loss) for the period9904 | €60,763 | €13,744 | €66,671 | €35,442 | €171,704 | ▲ 384% |
| Profit (loss) for the period to be appropriated9905 | €60,763 | €13,744 | €66,671 | €35,442 | €171,704 | ▲ 384% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €377,300 | €418,032 | €398,558 | €402,790 | €391,373 | ▼ 2.8% |
| Fixed assets21/28 | €349,324 | €334,108 | €317,628 | €316,188 | €312,244 | ▼ 1.2% |
| Tangible fixed assets22/27 | €346,180 | €330,965 | €314,484 | €313,044 | €312,244 | ▼ 0.3% |
| Land and buildings22 | - | - | €244,924 | €244,924 | €244,924 | = |
| Furniture and vehicles24 | - | - | €822 | €91 | - | - |
| Other tangible fixed assets26 | - | - | €68,737 | €68,028 | €67,320 | ▼ 1.0% |
| Financial fixed assets28 | €3,144 | €3,144 | €3,144 | €3,144 | - | - |
| Current assets29/58 | €27,976 | €83,923 | €80,930 | €86,602 | €79,129 | ▼ 8.6% |
| Amounts receivable after more than one year29 | - | - | - | €5,000 | - | - |
| Other amounts receivable291 | - | - | - | €5,000 | - | - |
| Amounts receivable within one year40/41 | €18,469 | €43,182 | €19,281 | €17,752 | €3,144 | ▼ 82.3% |
| Trade receivables40 | - | - | €16,305 | €16,405 | - | - |
| Other amounts receivable41 | - | - | €2,976 | €1,347 | €3,144 | ▲ 133% |
| Cash at bank and in hand54/58 | €7,800 | €39,429 | €60,181 | €61,254 | €75,496 | ▲ 23.2% |
| Deferred charges and accrued income490/1 | - | - | €1,467 | €2,596 | €490 | ▼ 81.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €377,300 | €418,032 | €398,558 | €402,790 | €391,373 | ▼ 2.8% |
| Equity10/15 | €97,505 | €111,249 | €177,920 | €212,561 | €384,266 | ▲ 80.8% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €91,305 | €105,049 | €171,720 | €206,361 | €378,066 | ▲ 83.2% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €169,860 | €204,501 | €376,206 | ▲ 84.0% |
| Amounts payable17/49 | €279,795 | €306,782 | €220,637 | €190,229 | €7,107 | ▼ 96.3% |
| Amounts payable after more than one year17 | €220,915 | €198,702 | €175,353 | €155,555 | - | - |
| Financial debts170/4 | - | - | €175,353 | €155,555 | - | - |
| Amounts payable within one year42/48 | €58,880 | €108,080 | €44,514 | €34,673 | €7,107 | ▼ 79.5% |
| Current portion of amounts payable after more than one year42 | - | - | €22,840 | €19,798 | - | - |
| Financial debts43 | - | - | €3,947 | €3,936 | - | - |
| Credit institutions430/8 | - | - | €3,947 | €3,936 | - | - |
| Trade debts44 | €227 | €39,318 | €137 | €943 | - | - |
| Suppliers440/4 | - | - | €137 | €943 | - | - |
| Taxes, remuneration and social security45 | - | - | €17,590 | €9,195 | €7,107 | ▼ 22.7% |
| Taxes450/3 | - | - | €17,590 | €9,195 | €7,107 | ▼ 22.7% |
| Other amounts payable47/48 | - | - | - | €801 | - | - |
| Accrued charges and deferred income492/3 | - | - | €770 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,763 | €13,744 | €66,671 | €35,442 | €171,704 | ▲ 384% |
| + Depreciation and write-downs630 | €16,935 | €17,409 | €16,481 | €1,440 | €709 | ▼ 50.8% |
| Operating cash flow (approximation) | €77,698 | €31,153 | €83,152 | €36,882 | €172,413 | ▲ 367% |
| Investment in fixed assets (approximation) | - | -€2,193 | €0 | €0 | €3,235 | - |
| Change in cash | - | €31,629 | €20,753 | €1,073 | €14,241 | ▲ 1,227% |
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
2024
07-08
KBO administration
UBO strikeout annulled
28-06
KBO administration
UBO non-compliance
event 15-06-2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €171,704 ▲384%
Operating result €254,591, net result €171,704, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 11.13
Current ratio from 2.50 to 11.13; short-term debt falls from €34,673 to €7,107.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €212,561 ▲19.5%
5 profitable years in a row build equity to €212,561.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.82
Current ratio from 0.78 to 1.82; short-term debt falls from €108,080 to €44,514.
31-12
Financial
Equity above €150,000Eq €177,920 ▲59.9%
4 profitable years in a row build equity to €177,920.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €13,744 ▼77.4%
Net result drops to €13,744, the lowest in the series.
Show earlier events
31-12
Financial
Equity above €100,000Eq €111,249 ▲14.1%
3 profitable years in a row build equity to €111,249.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
49.95%
According to the 2023 annual accounts of PROVAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formBVBA
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.