PROVAN
ActivePROVAN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.80M and a net result of €171k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 82% of 19345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
86
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-4
Solvency97▲+13
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.26 in 2023), and 24.3% of the assets are financed with debt.
Credit advice 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.7%
Return on assets
2.7%
Age of the figures
20 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
on the day
2022
on the day
2021
92 d late
2020
153 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4.80M▲ 3.7%
2023 · €4.63M
2018: €4.30M
2019: €4.69M
2020: €4.45M
2021: €4.54M
2022: €4.70M
2023: €4.63M
2018 → 2024
Total assets
€6.35M▼ 1.7%
2023 · €6.46M
2018: €5.06M
2019: €5.32M
2020: €5.17M
2021: €6.31M
2022: €6.36M
2023: €6.46M
2018 → 2024
Net result
€171k▼ 16.0%
2023 · €204k
2018: €201k
2019: €386k
2020: €129k
2021: €220k
2022: €163k
2023: €204k
2018 → 2024
Working capital
€464k▲ 159%
2023 · €179k
2018: €1.95M
2019: €2.49M
2020: €3.22M
2021: €-152k
2022: €138k
2023: €179k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.45M-€4.54M▲ 2.1%€4.70M▲ 3.6%€4.63M▼ 1.5%€4.80M▲ 3.7%
Operating result€382k-€62k▼ 83.8%€223k▲ 262%€247k▲ 10.9%€216k▼ 12.8%
Net result€129k-€220k▲ 71.0%€163k▼ 25.9%€204k▲ 25.1%€171k▼ 16.0%
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 falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.35M
Fixed assets
€5.34M▼ 4.6%
Current assets
€1.01M▲ 16.9%
Equity and liabilities €6.35M
Equity
€4.80M▲ 3.7%
Provisions
€397k▼ 10.4%
Debt
€1.15M▼ 17.0%
The debt ratio falls from 21.4% to 18.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€471k▼
2023 · €503k
Cash flow
€426k▼
2023 · €459k
Solvency
75.7%▲
2023 · 71.7%
Current ratio
1.85▲
2023 · 1.26
Quick ratio
1.85▲
2023 · 1.26
Debt / equity
0.24▼
2023 · 0.30
ROE
3.6%▼
2023 · 4.4%
ROA
2.7%▼
2023 · 3.2%
Interest coverage
20.74▼
2023 · 29.15
Debt
€1.15M▼
2023 · €1.38M
Debt ≤ 1 year
€546k▼
2023 · €685k
Debt > 1 year
€533k▼
2023 · €633k
Income taxes
€87k▲
2023 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6.46M€6.35M▼
Fixed assets21/28€5.59M€5.34M▼
Tangible fixed assets22/27€5.59M€5.34M▼
Land and buildings22€5.59M€5.34M▼
Current assets29/58€864k€1.01M▲
Amounts receivable within one year40/41€96k€107k▲
Trade receivables40€46k€84k▲
Other amounts receivable41€50k€23k▼
Current investments50/53€458k€488k▲
Cash at bank and in hand54/58€308k€413k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€6.46M€6.35M▼
Equity10/15€4.63M€4.80M▲
Contributions10/11€292k€292k=
Reserves13€4.34M€4.51M▲
Tax-exempt reserves132€89k€79k▼
Distributable reserves133€4.25M€4.43M▲
Profit (loss) carried forward14€3k€3k=
Provisions and deferred taxes16€443k€397k▼
Deferred taxes168€443k€397k▼
Amounts payable17/49€1.38M€1.15M▼
Amounts payable after more than one year17€633k€533k▼
Financial debts170/4€633k€533k▼
Amounts payable within one year42/48€685k€546k▼
Financial debts43€99k€99k▲
Credit institutions430/8€99k€99k▲
Trade debts44€33k€40k▲
Suppliers440/4€33k€40k▲
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€15k€9k▼
Other amounts payable47/48€538k€397k▼
Accrued charges and deferred income492/3€64k€68k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€255k€255k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€505k€476k▼
Operating profit (loss)9901€247k€216k▼
Financial income75/76B€14k€19k▲
Recurring financial income75€14k€19k▲
Financial charges65/66B€17k€23k▲
Recurring financial charges65€17k€23k▲
Profit (loss) for the period before taxes9903€244k€212k▼
Transfer from deferred taxes780€46k€46k=
Income taxes67/77€86k€87k▲
Profit (loss) for the period9904€204k€171k▼
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€214k€182k▼
Appropriation of the result
Profit (loss) to be appropriated9906€217k€184k▼
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2€61k€0▼
Transfer to equity691/2€0€182k▲
To other reserves6921€0€182k▲
Profit to be distributed694/7€275k€0▼
Return on contributions (dividend)694€275k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.58 to 1.37.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €129k ▼66.7%
Net result drops to €129k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €386k ▲92.5%
Operating result €444k, net result €386k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 30.95
Current ratio from 12.85 to 30.95; short-term debt falls from €165k to €83k.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vogelzangstraat 73540 Herk-de-StadGround area
4,359 m²
Building footprint
150 m²
Volume, LiDAR
734 m³
Parcel 71024B0220/00C000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROVAN
since 20142.233.252.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024B0220/00C000 | Flanders | 4,359 m² | 1 · 150 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,352. 1,817 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2014
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:093694888