PROVAL CONSTRUCT
ActiveSummary
PROVAL CONSTRUCT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,154 and a net result of €5,945. Equity is growing by about 5.3% per year across the filed financial years. Its solvency ranks better than 75% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €95,154
- Profit
- €5,945
Why 70raises riskLatest accounts 61 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)Size: total assets €136,988lowers riskFounded in 2004Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 75% on solvency, 55% on liquidity, 47% on profitability and 50% on growth.
The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 33 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: PICIORANG Valeriu (statutory director)Appointment: PICIORANG Valeriu (director) ·…
- Liquidity more than triplescurrent ratio 24.97
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549787.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 52% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,376 | €6,100 | €6,546 | €6,096 | €6,609 | €6,230 | €656 | €1,006 | ▲ 53.4% |
| Other operating charges640/8 | - | - | - | €495 | €642 | €404 | €971 | €9,143 | ▲ 841% |
| Gross operating margin9900 | -€4,963 | €15,100 | -€11,285 | €16,622 | €11,899 | €4,972 | €15,893 | €16,937 | ▲ 6.6% |
| Operating profit (loss)9901 | -€7,028 | €8,311 | -€18,933 | €10,032 | €4,648 | -€1,663 | €14,266 | €6,788 | ▼ 52.4% |
| Financial income75/76B | - | - | - | €1,359 | €2,146 | €2,236 | €2,147 | €2,217 | ▲ 3.2% |
| Recurring financial income75 | €30 | €13 | €983 | €1,359 | €2,146 | €2,236 | €2,147 | €2,217 | ▲ 3.2% |
| Financial charges65/66B | - | - | - | €571 | €627 | €1,913 | €544 | €679 | ▲ 24.8% |
| Recurring financial charges65 | €304 | €1,012 | €840 | €571 | €627 | €1,913 | €544 | €679 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | -€7,302 | €7,312 | -€18,790 | €10,819 | €6,167 | -€1,340 | €15,869 | €8,326 | ▼ 47.5% |
| Transfer from deferred taxes780 | - | - | - | €7,380 | - | - | - | - | - |
| Income taxes67/77 | - | - | - | €2,682 | €560 | - | €4,261 | €2,381 | ▼ 44.1% |
| Profit (loss) for the period9904 | -€7,302 | €7,312 | -€18,790 | €15,518 | €5,607 | -€1,340 | €11,609 | €5,945 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | -€7,302 | €7,312 | -€18,790 | €15,518 | €5,607 | -€1,340 | €11,609 | €5,945 | ▼ 48.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €148,479 | €146,712 | €134,648 | €137,954 | €133,521 | €118,715 | €147,375 | €136,988 | ▼ 7.0% |
| Fixed assets21/28 | €76,065 | €22,615 | €18,003 | €12,698 | €7,329 | €1,098 | €443 | €2,588 | ▲ 485% |
| Tangible fixed assets22/27 | €1,265 | €22,315 | €17,703 | €12,398 | €7,029 | €798 | €143 | €2,288 | ▲ 1,505% |
| Furniture and vehicles24 | - | - | - | €12,398 | €7,029 | €798 | €143 | €2,288 | ▲ 1,505% |
| Financial fixed assets28 | €74,800 | €300 | €300 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €72,414 | €124,097 | €116,644 | €125,255 | €126,193 | €117,617 | €146,933 | €134,400 | ▼ 8.5% |
| Amounts receivable after more than one year29 | - | - | - | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Other amounts receivable291 | - | - | - | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Amounts receivable within one year40/41 | €38,854 | €37,726 | €38,581 | €34,690 | €33,583 | €33,949 | €42,872 | €46,536 | ▲ 8.5% |
| Trade receivables40 | - | - | - | €34,673 | €32,681 | €32,681 | €35,286 | €32,681 | ▼ 7.4% |
| Other amounts receivable41 | - | - | - | €17 | €902 | €1,267 | €7,585 | €13,855 | ▲ 82.7% |
| Cash at bank and in hand54/58 | €5,087 | €9,619 | €1,943 | €15,017 | €15,168 | €5,569 | €25,315 | €8,819 | ▼ 65.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,048 | €2,941 | €3,600 | €4,247 | €4,545 | ▲ 7.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €148,479 | €146,712 | €134,648 | €137,954 | €133,521 | €118,715 | €147,375 | €136,988 | ▼ 7.0% |
| Equity10/15 | €69,220 | €83,986 | €65,196 | €73,334 | €78,940 | €77,600 | €89,209 | €95,154 | ▲ 6.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,982 | €15,982 | €15,982 | €23,602 | €29,202 | €29,202 | €40,202 | €46,102 | ▲ 14.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €21,742 | €27,342 | €27,342 | €38,342 | €44,242 | ▲ 15.4% |
| Profit (loss) carried forward14 | €34,638 | €49,404 | €30,614 | €31,132 | €31,139 | €29,799 | €30,407 | €30,452 | ▲ 0.1% |
| Provisions and deferred taxes16 | €41,451 | €36,451 | €36,451 | €36,451 | €36,451 | €36,451 | €36,451 | €36,451 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €36,451 | €36,451 | €36,451 | €36,451 | €36,451 | = |
| Pensions and similar obligations160 | - | - | - | €36,451 | €36,451 | €36,451 | €36,451 | €36,451 | = |
| Amounts payable17/49 | €37,808 | €26,275 | €33,001 | €28,169 | €18,130 | €4,664 | €21,716 | €5,383 | ▼ 75.2% |
| Amounts payable after more than one year17 | - | €16,687 | €11,371 | €5,963 | €462 | - | - | - | - |
| Financial debts170/4 | - | - | - | €5,963 | €462 | - | - | - | - |
| Amounts payable within one year42/48 | €37,808 | €9,588 | €21,630 | €22,206 | €17,668 | €4,664 | €21,716 | €5,383 | ▼ 75.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,408 | €5,501 | €462 | - | - | - |
| Trade debts44 | €33,829 | €2,364 | €999 | €4,971 | €441 | €1,559 | €603 | €254 | ▼ 57.9% |
| Suppliers440/4 | - | - | - | €4,971 | €441 | €1,559 | €603 | €254 | ▼ 57.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €13,400 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,083 | €4,881 | €2,221 | €6,824 | €5,129 | ▼ 24.8% |
| Taxes450/3 | - | - | - | €4,083 | €4,881 | €2,221 | €6,824 | €5,129 | ▼ 24.8% |
| Other amounts payable47/48 | - | - | - | €7,744 | €6,844 | €422 | €888 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,302 | €7,312 | -€18,790 | €15,518 | €5,607 | -€1,340 | €11,609 | €5,945 | ▼ 48.8% |
| + Depreciation and write-downs630 | €1,376 | €6,100 | €6,546 | €6,096 | €6,609 | €6,230 | €656 | €1,006 | ▲ 53.4% |
| Operating cash flow (approximation) | -€5,926 | €13,411 | -€12,244 | €21,614 | €12,215 | €4,891 | €12,264 | €6,950 | ▼ 43.3% |
| Investment in fixed assets (approximation) | - | €47,350 | -€1,934 | -€791 | -€1,239 | €0 | €0 | -€3,151 | - |
| Change in cash | - | €4,532 | -€7,676 | €13,074 | €151 | -€9,599 | €19,746 | -€16,496 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00549787 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00396830 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00402620 |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00139012 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20346371 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56800422 |
| 31-12-2019 | micro format | 10-11-2020 | 2020-69600350 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60400074 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62200131 |
| 31-12-2016 | micro format | 23-07-2018 | 2018-36200019 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PICIORANG Valeriu |
|
Owners and capital
Capital and shareholders
- 30-01-2026 Converted to unavailable equity · €20,460
- 30-01-2026 Converted to unavailable equity · €20,460
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
30-01
Gazette deed
Resignation: PICIORANG Valeriu (statutory director)Appointment: PICIORANG Valeriu (director) · Capital conversion · Amendment of the articles9 facts ▸
- General meeting, 16-01-2026
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Director resignation, PICIORANG Valeriu (statutory director)
- Director appointment, PICIORANG Valeriu (director (not named in the articles))
- Board composition, PICIORANG Valeriu (director (not named in the articles))
- Board composition, STEFAN Nicolae (director (not named in the articles))
- Amendment of the articles
- Capital
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0866.894.146
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25006D0177/00L002 | Wallonia | 383 m² | 1 · 69 m² | 15.3 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'entreprise de construction, de réfection et d’entretien des routes; L’entreprise de travaux d’égouts; L’entreprise de travaux de pose de…” (deed in French)
27 activities (deed in French)
- L'entreprise de construction, de réfection et d’entretien des routes
- L’entreprise de travaux d’égouts
- L’entreprise de travaux de pose de câbles et de canalisations divers
- L’entreprise d’installation de signalisation routière et de marquage des routes
- L’entreprise d’aménagement de plaines de jeux et de sport, de parcs et de jardins
- L’entreprise de terrassement
- L’entreprise de travaux de forage, de sondage et de fonçage des puits
- L’entreprise de fondations, de battage de pieux et de palplanches, de travaux de consolidation du sol par tous systèmes
- L’entreprise de travaux de drainage
- L’entreprise d’installation d’échafaudages, de rejointoyage et de nettoyage des façades
- L’entreprise de placement de clôtures
- L’entreprise d’isolation thermique et acoustique
- L’entreprise d’installation de cheminées ornementales
- L’entreprise de placement de cloisons et fauxplafonds
- L’entreprise de placement de ferronneries, de volets et de menuiserie métallique et plastique
- L’entreprise d’installation de ventilation et d’aération, de chauffage à air chaud, de conditionnement d’air et de tuyauteries industrielles
- L’entreprise de peinture industrielle et de sablage
- L’entreprise de recouvrement de corniches, de pignons et de façades avec de la matière plastique
- L’entreprise de ramonage de cheminées
- L’entreprise de nettoyage et de désinfection de maisons et de locaux, meubles, ameublement et objets divers
- L’entreprise de lavage de vitres
- L’entreprise de nettoyage et de démoussage de toits et de corniches
- Le dépannage à domicile de tous appareils et machines
- L’entreprise de entreprise d’installation, de réparation et d’entretien de signalisation routière électrique
- L’entreprise générale de construction (uniquement la coordination des travaux effectués par soustraitants), de carrelages, de peintures, de maçonneries et de béton, de menuiseries et charpentes, de plafonnage et de cimentage
- Les affaires immobilières, le commerce de détail en matériaux de construction, en papiers peints, linoléum, balatum, en couleurs et produits d’entretien, en articles sanitaires, en articles d’ameublement, le commerce de détail et le placement d’articles en matière plastique ou produits synthétiques suivant l’article 6 de l’Arrêté royal du trente et un août mil neuf cent soixante-quatre, hormis les activités réglementées
- L’exploitation directe ou indirecte de tous produits provenant directement ou indirectement de marchés spéciaux de faillites ou de concordats
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- 3 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Les titulaires d’actions peuvent prendre connaissance de ce registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Les actions sont cessibles de manière limitée, Si la société ne compte qu'un seul actionnaire, celui-ci peut décider librement de la cession…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “L'assemblée générale a le pouvoir de décider de l'affectation du bénéfice et du montant des distributions dans le respect des articles 5:142…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toute personne peut renoncer à la convocation, conformément à la loi” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Sauf si l'assemblée générale en décide autrement, cette prorogation n'annule pas les autres décisions prises, sauf dans les cas prévus par…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Sauf dans les cas prévus par la loi, tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de…” (deed in French)
- Remote participationWhether shareholders may take part in the meeting remotely.
- “Chaque actionnaire peut participer à l'assemblée, prendre part à la délibération et au vote à distance grâce à un moyen de communication…” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Le commissaire ou, à défaut, un réviseur d'entreprises ou un expert-comptable certifié désigné par l'organe d'administration fait rapport…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “La nomination de liquidateurs met fin aux pouvoirs de l'organe d'administration, cette confirmation n'est toutefois pas requise s'il résulte…” (deed in French)