PROVAN
ActiveSummary
PROVAN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €38k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-6
Solvency75▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.19 in 2024; short-term debt: 35.3% and cash: 2.8% of total assets), and 50% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50%
Return on assets
9.6%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
49 d late
2022
121 d late
2021
158 d late
2020
86 d late
2019
104 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
€198k▲ 22.2%
2024 · €162k
2018: €91k
2019: €108k▲ +18.7% vs 2018
2020: €51k▼ -52.9% vs 2019lowest in 8 years
2021: €70k▲ +38.0% vs 2020
2022: €102k▲ +45.2% vs 2021
2023: €155k▲ +52.6% vs 2022
2024: €162k▲ +4.5% vs 2023
2025: €198k▲ +22.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€397k▼ 6.3%
2024 · €424k
2018: €166k
2019: €161k▼ -3.4% vs 2018
2020: €127k▼ -20.8% vs 2019lowest in 8 years
2021: €132k▲ +3.5% vs 2020
2022: €278k▲ +111% vs 2021
2023: €379k▲ +36.4% vs 2022
2024: €424k▲ +11.9% vs 2023highest in 8 years
2025: €397k▼ -6.3% vs 2024
2018 → 2025
Net result
€38k▼ 9.1%
2024 · €42k
2018: €9klowest in 8 years
2019: €17k▲ +83.3% vs 2018
2020: €18k▲ +4.9% vs 2019
2021: €19k▲ +8.1% vs 2020
2022: €32k▲ +63.9% vs 2021
2023: €53k▲ +68.9% vs 2022highest in 8 years
2024: €42k▼ -21.6% vs 2023
2025: €38k▼ -9.1% vs 2024
2018 → 2025
Working capital
€60k▲ 72.0%
2024 · €35k
2018: €69k
2019: €71k▲ +2.8% vs 2018highest in 8 years
2020: €13k▼ -81.0% vs 2019
2021: €39k▲ +192% vs 2020
2022: €-3k▼ -108% vs 2021lowest in 8 years
2023: €51k▲ +1748% vs 2022
2024: €35k▼ -31.5% vs 2023
2025: €60k▲ +72.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€102k▲ 45.2%€155k▲ 52.6%€162k▲ 4.5%€198k▲ 22.2%
2021: €70klowest in 5 years
2022: €102k▲ +45.2% vs 2021
2023: €155k▲ +52.6% vs 2022
2024: €162k▲ +4.5% vs 2023
2025: €198k▲ +22.2% vs 2024highest in 5 years
Operating result€28k-€32k▲ 14.7%€78k▲ 146%€72k▼ 8.2%€64k▼ 10.6%
2021: €28klowest in 5 years
2022: €32k▲ +14.7% vs 2021
2023: €78k▲ +146% vs 2022highest in 5 years
2024: €72k▼ -8.2% vs 2023
2025: €64k▼ -10.6% vs 2024
Net result€19k-€32k▲ 63.9%€53k▲ 68.9%€42k▼ 21.6%€38k▼ 9.1%
2021: €19klowest in 5 years
2022: €32k▲ +63.9% vs 2021
2023: €53k▲ +68.9% vs 2022highest in 5 years
2024: €42k▼ -21.6% vs 2023
2025: €38k▼ -9.1% 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 has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€196k ▼ 2.5%
Current assets
€201k ▼ 9.8%
Equity and liabilities €397k
Equity
€198k ▲ 22.2%
Debt
€199k ▼ 24.0%
Debt's share of the balance-sheet total falls from 61.7% to 50.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2024 · €93k
Cash flow
€68k▲
2024 · €63k
Current ratio
1.43▲
2024 · 1.19
Quick ratio
1.34▲
2024 · 1.13
Debt to equity
1.00▼
2024 · 1.61
ROE
19.2%▼
2024 · 25.9%
ROA
9.6%▼
2024 · 9.9%
Interest coverage
4.91▼
2024 · 5.66
Debt ≤ 1 year
€140k▼
2024 · €187k
Debt > 1 year
€58k▼
2024 · €74k
Income taxes
€16k▼
2024 · €23k
Staff costs
€8k▲
2024 · €8k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€424k€397k▼
Fixed assets21/28€201k€196k▼
Tangible fixed assets22/27€201k€196k▼
Land and buildings22€121k€118k▼
Plant, machinery and equipment23€65k€66k▲
Furniture and vehicles24€10k€9k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€222k€201k▼
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€200k€173k▼
Trade receivables40€46k€18k▼
Other amounts receivable41€154k€155k▲
Cash at bank and in hand54/58€8k€11k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€424k€397k▼
Equity10/15€162k€198k▲
Contributions10/11€6k€6k=
Reserves13€97k€135k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€97k€135k▲
Profit (loss) carried forward14€59k€57k▼
Amounts payable17/49€261k€199k▼
Amounts payable after more than one year17€74k€58k▼
Financial debts170/4€74k€58k▼
Amounts payable within one year42/48€187k€140k▼
Current portion of amounts payable after more than one year42€20k€44k▲
Financial debts43€55k€48k▼
Credit institutions430/8€20k€23k▲
Other loans439€35k€25k▼
Trade debts44€34k€18k▼
Suppliers440/4€34k€18k▼
Advances received on contracts in progress46€500€310▼
Taxes, remuneration and social security45€54k€27k▼
Taxes450/3€49k€25k▼
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€25k€2k▼
Accrued charges and deferred income492/3€0€468▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€8k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€29k▲
Other operating charges640/8€5k€8k▲
Non-recurring operating charges66A€982€0▼
Gross operating margin9900€107k€110k▲
Operating profit (loss)9901€72k€64k▼
Financial income75/76B€9k€9k▼
Recurring financial income75€9k€9k▼
Financial charges65/66B€16k€19k▲
Recurring financial charges65€16k€19k▲
Profit (loss) for the period before taxes9903€65k€54k▼
Income taxes67/77€23k€16k▼
Profit (loss) for the period9904€42k€38k▼
Profit (loss) for the period to be appropriated9905€42k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€97k▼
Profit (loss) brought forward from the previous period14P€94k€59k▼
Transfer to equity691/2€42k€38k▼
To other reserves6921€42k€38k▼
Profit to be distributed694/7€35k€2k▼
Return on contributions (dividend)694€35k€2k▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Remuneration, social security and pensions62 | €8k | €7k | €8k | €8k | €8k | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €26k | €26k | €21k | €29k | ▲ 41.1% |
| Other operating charges640/8 | €2k | €3k | €3k | €5k | €8k | ▲ 66.1% |
| Non-recurring operating charges66A | - | - | - | €982 | €0 | ▼ 100% |
| Gross operating margin9900 | €57k | €69k | €115k | €107k | €110k | ▲ 3.1% |
| Operating profit (loss)9901 | €28k | €32k | €78k | €72k | €64k | ▼ 10.6% |
| Financial income75/76B | €2k | €13k | €1k | €9k | €9k | ▼ 5.7% |
| Recurring financial income75 | €2k | €3k | €1k | €9k | €9k | ▼ 5.7% |
| Non-recurring financial income76B | - | €10k | - | - | - | - |
| Financial charges65/66B | €3k | €6k | €8k | €16k | €19k | ▲ 16.4% |
| Recurring financial charges65 | €3k | €6k | €8k | €16k | €19k | ▲ 16.4% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €26k | €39k | €72k | €65k | €54k | ▼ 16.7% |
| Income taxes67/77 | €7k | €8k | €19k | €23k | €16k | ▼ 30.7% |
| Profit (loss) for the period9904 | €19k | €32k | €53k | €42k | €38k | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €19k | €32k | €53k | €42k | €38k | ▼ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €278k | €379k | €424k | €397k | ▼ 6.3% |
| Fixed assets21/28 | €31k | €203k | €199k | €201k | €196k | ▼ 2.5% |
| Tangible fixed assets22/27 | €31k | €203k | €199k | €201k | €196k | ▼ 2.5% |
| Land and buildings22 | - | €136k | €124k | €121k | €118k | ▼ 2.9% |
| Plant, machinery and equipment23 | €16k | €54k | €59k | €65k | €66k | ▲ 1.5% |
| Furniture and vehicles24 | €8k | €7k | €10k | €10k | €9k | ▼ 16.0% |
| Other tangible fixed assets26 | €7k | €6k | €6k | €5k | €4k | ▼ 17.2% |
| Current assets29/58 | €101k | €75k | €180k | €222k | €201k | ▼ 9.8% |
| Stocks and contracts in progress3 | €6k | €5k | €5k | €10k | €12k | ▲ 19.3% |
| Stocks30/36 | €6k | €5k | €5k | €10k | €12k | ▲ 19.3% |
| Amounts receivable within one year40/41 | €71k | €59k | €169k | €200k | €173k | ▼ 13.6% |
| Trade receivables40 | €19k | €15k | €40k | €46k | €18k | ▼ 60.8% |
| Other amounts receivable41 | €52k | €45k | €129k | €154k | €155k | ▲ 0.3% |
| Cash at bank and in hand54/58 | €21k | €11k | €6k | €8k | €11k | ▲ 38.3% |
| Deferred charges and accrued income490/1 | €3k | €277 | - | €4k | €5k | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €278k | €379k | €424k | €397k | ▼ 6.3% |
| Equity10/15 | €70k | €102k | €155k | €162k | €198k | ▲ 22.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €55k | €97k | €135k | ▲ 39.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | €53k | €97k | €135k | ▲ 39.2% |
| Profit (loss) carried forward14 | €62k | €94k | €94k | €59k | €57k | ▼ 3.6% |
| Amounts payable17/49 | €62k | €176k | €223k | €261k | €199k | ▼ 24.0% |
| Amounts payable after more than one year17 | - | €97k | €94k | €74k | €58k | ▼ 21.9% |
| Financial debts170/4 | - | €97k | €94k | €74k | €58k | ▼ 21.9% |
| Amounts payable within one year42/48 | €62k | €78k | €129k | €187k | €140k | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | €5k | €14k | €20k | €20k | €44k | ▲ 120% |
| Financial debts43 | - | - | €42k | €55k | €48k | ▼ 12.3% |
| Credit institutions430/8 | - | - | €42k | €20k | €23k | ▲ 16.3% |
| Other loans439 | - | - | - | €35k | €25k | ▼ 28.6% |
| Trade debts44 | €45k | €45k | €39k | €34k | €18k | ▼ 45.6% |
| Suppliers440/4 | €45k | €45k | €39k | €34k | €18k | ▼ 45.6% |
| Advances received on contracts in progress46 | - | - | - | €500 | €310 | ▼ 38.0% |
| Taxes, remuneration and social security45 | €12k | €19k | €27k | €54k | €27k | ▼ 49.1% |
| Taxes450/3 | €12k | €19k | €27k | €49k | €25k | ▼ 48.9% |
| Remuneration and social security454/9 | - | - | - | €4k | €2k | ▼ 52.2% |
| Other amounts payable47/48 | - | - | - | €25k | €2k | ▼ 91.4% |
| Accrued charges and deferred income492/3 | - | €1k | €520 | €0 | €468 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €32k | €53k | €42k | €38k | ▼ 9.1% |
| + Depreciation and write-downs630 | €20k | €26k | €26k | €21k | €29k | ▲ 41.1% |
| Operating cash flow (approximation) | €39k | €58k | €80k | €63k | €68k | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €-198k | €-22k | €-23k | €-24k | ▼ 4.5% |
| Change in cash | - | €-10k | €-5k | €2k | €3k | ▲ 37.6% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Highest result since 2018net €53k ▲68.9%
Operating result €78k, net result €53k, both a record.
31-12
Financial
Equity above €150kEq €155k ▲52.6%
6 profitable years in a row build equity to €155k.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 158 days late
2022
31-12
Financial
Equity above €100kEq €102k ▲45.2%
5 profitable years in a row build equity to €102k.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Equity above €100kEq €108k ▲18.7%
2 profitable years in a row build equity to €108k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zonnebeke · 2 establishment units since 2007
Ground area
1,658 m²
Building footprint
213 m²
Volume, LiDAR
1,232 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
AANNEMINGEN PROVAN
since 20072.164.309.827
Comfort-Fit
since 20222.343.058.457
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037D0843/00H000 | Flanders | 1,553 m² | 1 · 135 m² | 7.0 m · 2 fl. |
| 33302A0217/07L008 | Flanders | 105 m² | 1 · 78 m² | 10.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 255 EUR awarded · 255 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 255 EUR | 255 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,373 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
Founded03-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.