Financials
- Financial year
- 2025
- Total assets
- €520,658
- Loss
- -€20,086
- Solvency
- 61.1%
Total assets▼ 12.4%
Net result
20182025
PROVAN
ActiveSummary
PROVAN has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €318,188 and a net result of -€20,086. Equity is growing by about 8% per year across the filed financial years. Its solvency ranks better than 74% of 12,661 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Retail sale of bicycles
NACE 47632
1 site
Size
€520,658total assets 2025
- Staff
- 1.8 FTE
- Equity
- €318,188
- Loss
- -€20,086
Turnover not published (abbreviated format)
Structure
- PROOT Wim Urbain RachelDirector
- VANDEWIELE Nico ElzaDirector
Accounts 25 days early
Why 89raises riskLoss of €20,086 (financial year 2025)lowers riskEquity €318,188 (61.1% of total assets)Liquidity: current ratio 2.00, cash €103,448Founded in 2006Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Strong
Solvency
86+2
equity 61.1% of total assets
Liquidity
67-1
short-term debt 23.0% · cash 19.9%
Profitability
36-28
return on assets -3.9%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.0, compared with 2.2 in 2024, above the usual 1.5; short-term debt: 23% and cash: 19.9% of total assets), and 38.9% of the assets are financed with debt and provisions.
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 47, micro): better than 74% on solvency, 73% on liquidity, 28% on profitability and 27% on growth.
The bankruptcy probability was computed on 23-10-2026 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
Five signals.
lowers riskraises riskneutral
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
17 days early
2023
20 days early
2022
9 days late
2021
22 days late
2020
27 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Key points
By topic
Board & ownership
- Board
- 2 members
- PROOT Wim Urbain RachelDirector
- VANDEWIELE Nico ElzaDirector
Timeline
- Events
- 24
- Since
- 2008
- Next accounts
- by 31-07-2027
- 20-12-2023Resignations: VANDEWIELE Nico Elza (manager) and PROOT…
- 09-08-2023Annual accounts filed
- 31-12-2022Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of bicyclesNACE 47632
- Founded
- 28-12-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 26
- Who signs
- Each director alone
- Annual meeting
- Last Sunday of June at 17:00
Key facts about PROVAN
- What is the company number of PROVAN?
- 0885.980.578. In Belgium the VAT number is the company number with BE in front: BE 0885.980.578.
- Where is PROVAN based?
- The registered office is at Smedenstraat 65, 8000 Brugge.Company details
- What does PROVAN do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of PROVAN?
- Private limited company (BV).
- When was PROVAN founded?
- On 28-12-2006.
- Is PROVAN still active?
- Yes, PROVAN is an active enterprise in the KBO register.
- How many employees does PROVAN have?
- On average 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PROVAN?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is PROVAN profitable?
- In financial year 2025, PROVAN made a loss of €20,086.
- Where can I find the annual accounts of PROVAN?
- PROVAN filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROVAN due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to PROVAN
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- THOMOBHarelbeke
- NCD CONSULTPepinster
- W-BIKESDiepenbeek
- BIKE CENTER MERTENSGrimbergen
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