Result
-€17,654 -€17,654
From profit to loss in 2025, after a profit of €37,416 in 2024.
PROVAN
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1997peak €85,069 (2018)
€2,060▼ 96.4%
lowest -€51,862 (2013)
-€17,654▼ €55,070
peak €23,658 (2024)
€6,005▼ 74.6%
€274,973▼ 13.2%
peak 0.4 FTE (2013)
-not published
Board1 name since 1997
1 directorVAN RENYNGHE Luc Maurice Corneel
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €57,984 to €2,060Loss of €17,654Registered office moved within Poperinge 13-10Equity from €23,658 to €6,005Cash from €42,813 to €4,835
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 12% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.2 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.5%▲ +0.3 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.5 percentage points vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026highest value
10-2026: 1.0%● unchanged vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
1 change of registered office in 24 months
Loss of €17,654 (financial year 2025)
Equity €6,005 (2.1% of total assets)
lowers risk
Size: total assets €280,977
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 22% of them on solvency, 6% on liquidity, 14% on profitability and 8% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 974 companies had the same profile as PROVAN has now. Each dot stands for 3 companies, two years later.
92.9%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROVAN itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 974 companies, not a prediction for PROVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.38 (0.54 in 2024), below 1. Short-term debt is 90.5% and cash 1.7% of total assets. 97.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 17190 sector peers (2025).
NBB · sector comparisonPosition among 17190 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 days early
2024
14 days late
2023
14 days late
2022
16 days late
2021
10 days late
2020
32 days late
2019
108 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460178787
Registered office moved within Poperinge
New registered office: Korte Bruggestraat 8, 8970 Poperinge · Previous registered office: Europalaan 1 B9, 8970 Poperinge · Change of role: VAN RENYNGHE Luc Maurice Corneel, from manager to director · Gazette deed
First establishment
Europalaan 1, Poperinge
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as PROVAN: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €208,000 and €399,000, founded between 1994 and 2000.
Official details
Source: KBO- Status
- Active since 10-03-1997Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.081.185.3798970 Poperinge, since 02-04-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- ≈ €8,600estimated
- €280,977▼ 17.5%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on PROVAN
PROVAN files the micro format. That format states no turnover. The gross margin rose from -€1,037 in 2007 to €2,060 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROVAN
- What is the company number of PROVAN?
- The company number of PROVAN is 0460.178.787. The VAT number is the same number with BE in front: BE 0460.178.787.
- Where is PROVAN based?
- The registered office is at Korte Bruggestraat 8, 8970 Poperinge.Company details
- What does PROVAN do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of PROVAN?
- PROVAN is a private limited company (BV).
- When was PROVAN founded?
- PROVAN was founded on 10-03-1997.
- Is PROVAN still active?
- Yes, PROVAN is an active enterprise in the KBO register.
- What is the turnover of PROVAN?
- The turnover in financial year 2025 is ≈ €8,600. This figure is estimated from the gross margin of €2,060 and 48 comparable companies (NACE 68121). It probably lies between €4,200 and €27,000. It is a rough estimate.Financials
- Is PROVAN profitable?
- In financial year 2025, PROVAN made a loss of €17,654.
- Where can I find the annual accounts of PROVAN?
- PROVAN filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROVAN due?
- PROVAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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