PROVAN
ActiveSummary
The annual accounts of PROVAN for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €6k and a net result of €-18k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 14128 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-71
Solvency27▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.38 against 0.54 in 2024; short-term debt: 90.5% and cash: 1.7% of total assets), and 97.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.1%
Return on assets
-6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 23%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
14 d late
2023
14 d late
2022
16 d late
2021
10 d late
2020
32 d late
2019
108 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, micro schema
Equity
€6k▼ 74.6%
2024 · €24k
2018: €-29k
2019: €-45k▼ -56.4% vs 2018
2020: €-40k▲ +10.7% vs 2019
2021: €-65k▼ -59.7% vs 2020lowest in 8 years
2022: €-32k▲ +50.5% vs 2021
2023: €-14k▲ +56.9% vs 2022
2024: €24k▲ +272% vs 2023highest in 8 years
2025: €6k▼ -74.6% vs 2024
2018 → 2025
Total assets
€281k▼ 17.5%
2024 · €341k
2018: €389k
2019: €415k▲ +6.7% vs 2018highest in 8 years
2020: €402k▼ -3.3% vs 2019
2021: €332k▼ -17.3% vs 2020
2022: €363k▲ +9.3% vs 2021
2023: €333k▼ -8.3% vs 2022
2024: €341k▲ +2.3% vs 2023
2025: €281k▼ -17.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-18k
2024 · €37k
2018: €49khighest in 8 years
2019: €-16k▼ -134% vs 2018
2020: €5k▲ +130% vs 2019
2021: €-24k▼ -598% vs 2020lowest in 8 years
2022: €33k▲ +235% vs 2021
2023: €18k▼ -44.3% vs 2022
2024: €37k▲ +106% vs 2023
2025: €-18k▼ -147% vs 2024
2018 → 2025
Working capital
€-159k▼ 20.1%
2024 · €-132k
2018: €-230k
2019: €-262k▼ -13.5% vs 2018lowest in 8 years
2020: €-243k▲ +7.0% vs 2019
2021: €-251k▼ -3.0% vs 2020
2022: €-206k▲ +17.8% vs 2021
2023: €-177k▲ +13.9% vs 2022
2024: €-132k▲ +25.4% vs 2023highest in 8 years
2025: €-159k▼ -20.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-65k-€-32k▲ 50.5%€-14k▲ 56.9%€24k€6k▼ 74.6%
2021: €-65klowest in 5 years
2022: €-32k▲ +50.5% vs 2021
2023: €-14k▲ +56.9% vs 2022
2024: €24k▲ +272% vs 2023highest in 5 years
2025: €6k▼ -74.6% vs 2024
Operating result€-23k-€34k€20k▼ 40.4%€40k▲ 96.6%€-16k
2021: €-23klowest in 5 years
2022: €34k▲ +250% vs 2021
2023: €20k▼ -40.4% vs 2022
2024: €40k▲ +96.6% vs 2023highest in 5 years
2025: €-16k▼ -140% vs 2024
Net result€-24k-€33k€18k▼ 44.3%€37k▲ 106%€-18k
2021: €-24klowest in 5 years
2022: €33k▲ +235% vs 2021
2023: €18k▼ -44.3% vs 2022
2024: €37k▲ +106% vs 2023highest in 5 years
2025: €-18k▼ -147% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €40k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€186k ▲ 0.4%
Current assets
€95k ▼ 38.7%
Equity and liabilities €281k
Equity
€6k ▼ 74.6%
Debt
€275k ▼ 13.2%
Debt's share of the balance-sheet total rises from 93.1% to 97.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-612▼
2024 · €56k
Cash flow
€-2k▼
2024 · €53k
Current ratio
0.38▼
2024 · 0.54
Quick ratio
0.35▼
2024 · 0.51
Debt to equity
45.79▲
2024 · 13.40
ROE
-294.0%▼
2024 · 158.2%
ROA
-6.3%▼
2024 · 11.0%
Interest coverage
-0.38▼
2024 · 23.28
Debt ≤ 1 year
€254k▼
2024 · €288k
Debt > 1 year
€21k▼
2024 · €29k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€341k€281k▼
Fixed assets21/28€185k€186k▲
Tangible fixed assets22/27€185k€186k▲
Land and buildings22€180k€167k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24-€15k
Current assets29/58€156k€95k▼
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€104k€82k▼
Trade receivables40€104k€82k▼
Cash at bank and in hand54/58€43k€5k▼
Deferred charges and accrued income490/1€983€1k▲
Equity and liabilities
Total equity and liabilities10/49€341k€281k▼
Equity10/15€24k€6k▼
Contributions10/11€139k€139k=
Profit (loss) carried forward14€-115k€-133k▼
Amounts payable17/49€317k€275k▼
Amounts payable after more than one year17€29k€21k▼
Financial debts170/4€29k€21k▼
Amounts payable within one year42/48€288k€254k▼
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€4k€109▼
Taxes450/3€4k€109▼
Other amounts payable47/48€271k€236k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€471
Other operating charges640/8€2k€2k▼
Gross operating margin9900€58k€2k▼
Operating profit (loss)9901€40k€-16k▼
Financial income75/76B€20€0▼
Recurring financial income75€20€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€37k€-18k▼
Profit (loss) for the period9904€37k€-18k▼
Profit (loss) for the period to be appropriated9905€37k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-115k€-133k▼
Profit (loss) brought forward from the previous period14P€-152k€-115k▲
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €25k | €19k | €16k | €15k | ▼ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €227 | - | €471 | - |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 6.4% |
| Gross operating margin9900 | €7k | €61k | €42k | €58k | €2k | ▼ 96.4% |
| Operating profit (loss)9901 | €-23k | €34k | €20k | €40k | €-16k | ▼ 140% |
| Financial income75/76B | €24 | €21 | €46 | €20 | €0 | ▼ 99.3% |
| Recurring financial income75 | €24 | €21 | €46 | €20 | €0 | ▼ 99.3% |
| Financial charges65/66B | €1k | €1k | €2k | €2k | €2k | ▼ 33.0% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €2k | ▼ 33.0% |
| Profit (loss) for the period before taxes9903 | €-24k | €33k | €18k | €37k | €-18k | ▼ 147% |
| Income taxes67/77 | €85 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-24k | €33k | €18k | €37k | €-18k | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €33k | €18k | €37k | €-18k | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332k | €363k | €333k | €341k | €281k | ▼ 17.5% |
| Fixed assets21/28 | €240k | €220k | €201k | €185k | €186k | ▲ 0.4% |
| Tangible fixed assets22/27 | €240k | €220k | €201k | €185k | €186k | ▲ 0.4% |
| Land and buildings22 | €219k | €206k | €193k | €180k | €167k | ▼ 7.2% |
| Plant, machinery and equipment23 | €20k | €14k | €8k | €5k | €3k | ▼ 36.1% |
| Furniture and vehicles24 | €723 | - | - | - | €15k | - |
| Current assets29/58 | €92k | €144k | €132k | €156k | €95k | ▼ 38.7% |
| Stocks and contracts in progress3 | €7k | €7k | €9k | €8k | €7k | ▼ 4.7% |
| Stocks30/36 | €7k | €7k | €9k | €8k | €7k | ▼ 4.7% |
| Amounts receivable within one year40/41 | €64k | €117k | €85k | €104k | €82k | ▼ 21.2% |
| Trade receivables40 | €64k | €117k | €85k | €104k | €82k | ▼ 21.2% |
| Cash at bank and in hand54/58 | €20k | €19k | €37k | €43k | €5k | ▼ 88.7% |
| Deferred charges and accrued income490/1 | €1k | €68 | €952 | €983 | €1k | ▲ 13.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332k | €363k | €333k | €341k | €281k | ▼ 17.5% |
| Equity10/15 | €-65k | €-32k | €-14k | €24k | €6k | ▼ 74.6% |
| Contributions10/11 | €139k | €139k | €139k | €139k | €139k | = |
| Profit (loss) carried forward14 | €-203k | €-171k | €-152k | €-115k | €-133k | ▼ 15.4% |
| Amounts payable17/49 | €397k | €395k | €347k | €317k | €275k | ▼ 13.2% |
| Amounts payable after more than one year17 | €54k | €45k | €37k | €29k | €21k | ▼ 28.6% |
| Financial debts170/4 | €54k | €45k | €37k | €29k | €21k | ▼ 28.6% |
| Amounts payable within one year42/48 | €343k | €350k | €310k | €288k | €254k | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €8k | €8k | €8k | = |
| Trade debts44 | €3k | €12k | €7k | €5k | €10k | ▲ 81.0% |
| Suppliers440/4 | €3k | €12k | €7k | €5k | €10k | ▲ 81.0% |
| Taxes, remuneration and social security45 | €3k | €803 | €4k | €4k | €109 | ▼ 97.1% |
| Taxes450/3 | €3k | €803 | €4k | €4k | €109 | ▼ 97.1% |
| Other amounts payable47/48 | €328k | €328k | €291k | €271k | €236k | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €33k | €18k | €37k | €-18k | ▼ 147% |
| + Depreciation and write-downs630 | €27k | €25k | €19k | €16k | €15k | ▼ 2.6% |
| Operating cash flow (approximation) | €3k | €58k | €37k | €53k | €-2k | ▼ 104% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-16k | - |
| Change in cash | - | €-672 | €18k | €5k | €-38k | ▼ 802% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Poperinge · 1 establishment unit since 1997
Ground area
1,268 m²
Building footprint
222 m²
Volume, LiDAR
1,049 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROVAN
since 19972.081.185.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33312D0702/00P000 | Flanders | 819 m² | 1 · 148 m² | 7.9 m · 2 fl. |
| 33021E0484/00R000 | Flanders | 449 m² | 1 · 75 m² | 4.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,441 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
Founded10-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.