PROVAN GROUP
ActiveSummary
PROVAN GROUP has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.52M and a net result of €54k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 86% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.3 in 2024; short-term debt: 15% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
82.8%
Return on assets
1%
Age of the figures
9 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
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
99 d late
2023
26 d early
2022
39 d early
2021
39 d early
2020
11 d early
2019
34 d early
← 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, abbreviated schema
Equity
€4.52M▲ 1.2%
2024 · €4.46M
2019: €1.72Mlowest in 7 years
2020: €1.72M▲ +0.1% vs 2019
2021: €1.73M▲ +0.2% vs 2020
2022: €1.78M▲ +3.0% vs 2021
2023: €1.82M▲ +2.3% vs 2022
2024: €4.46M▲ +145% vs 2023
2025: €4.52M▲ +1.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€5.45M▲ 4.2%
2024 · €5.23M
2019: €1.72Mlowest in 7 years
2020: €1.72M▲ +0.1% vs 2019
2021: €1.73M▲ +0.4% vs 2020
2022: €2.00M▲ +15.4% vs 2021
2023: €3.15M▲ +57.8% vs 2022
2024: €5.23M▲ +66.0% vs 2023
2025: €5.45M▲ +4.2% vs 2024highest in 7 years
2019 → 2025
Net result
€54k▼ 98.0%
2024 · €2.64M
2019: €1klowest in 7 years
2020: €1k▲ +7.7% vs 2019
2021: €3k▲ +208% vs 2020
2022: €52k▲ +1404% vs 2021
2023: €41k▼ -21.1% vs 2022
2024: €2.64M▲ +6312% vs 2023highest in 7 years
2025: €54k▼ -98.0% vs 2024
2019 → 2025
Working capital
€55k▼ 70.6%
2024 · €187k
2019: €29k
2020: €32k▲ +8.1% vs 2019
2021: €36k▲ +14.0% vs 2020
2022: €44k▲ +23.2% vs 2021
2023: €-897k▼ -2124% vs 2022lowest in 7 years
2024: €187k▲ +121% vs 2023highest in 7 years
2025: €55k▼ -70.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.73M-€1.78M▲ 3.0%€1.82M▲ 2.3%€4.46M▲ 145%€4.52M▲ 1.2%
2021: €1.73Mlowest in 5 years
2022: €1.78M▲ +3.0% vs 2021
2023: €1.82M▲ +2.3% vs 2022
2024: €4.46M▲ +145% vs 2023
2025: €4.52M▲ +1.2% vs 2024highest in 5 years
Operating result€5k-€-22k€104k€93k▼ 10.8%€56k▼ 40.2%
2021: €5k
2022: €-22k▼ -590% vs 2021lowest in 5 years
2023: €104k▲ +568% vs 2022highest in 5 years
2024: €93k▼ -10.8% vs 2023
2025: €56k▼ -40.2% vs 2024
Net result€3k-€52k▲ 1,404%€41k▼ 21.1%€2.64M▲ 6,312%€54k▼ 98.0%
2021: €3klowest in 5 years
2022: €52k▲ +1404% vs 2021
2023: €41k▼ -21.1% vs 2022
2024: €2.64M▲ +6312% vs 2023highest in 5 years
2025: €54k▼ -98.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.45M
Fixed assets
€4.58M ▲ 3.7%
Current assets
€870k ▲ 6.5%
Equity and liabilities €5.45M
Equity
€4.52M ▲ 1.2%
Debt
€937k ▲ 21.2%
Debt's share of the balance-sheet total rises from 14.8% to 17.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k
Cash flow
€89k
Current ratio
1.07▼
2024 · 1.30
Debt to equity
0.21▲
2024 · 0.17
ROE
1.2%▼
2024 · 59.2%
ROA
1.0%▼
2024 · 50.5%
Interest coverage
13.07
Debt ≤ 1 year
€815k▲
2024 · €630k
Debt > 1 year
€122k▼
2024 · €143k
Income taxes
€8k▼
2024 · €23k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.23M€5.45M▲
Fixed assets21/28€4.42M€4.58M▲
Tangible fixed assets22/27€2.92M€3.08M▲
Land and buildings22€429k€3.08M▲
Assets under construction and advance payments27€2.49M€0▼
Financial fixed assets28€1.50M€1.50M▼
Current assets29/58€817k€870k▲
Amounts receivable within one year40/41€817k€868k▲
Trade receivables40€282k€240k▼
Other amounts receivable41€535k€628k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€5.23M€5.45M▲
Equity10/15€4.46M€4.52M▲
Contributions10/11€1.70M€1.70M=
Reserves13€2.76M€2.82M▲
Distributable reserves133€2.76M€2.82M▲
Amounts payable17/49€773k€937k▲
Amounts payable after more than one year17€143k€122k▼
Financial debts170/4€143k€122k▼
Amounts payable within one year42/48€630k€815k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€340k€335k▼
Suppliers440/4€340k€335k▼
Other amounts payable47/48€269k€459k▲
Income statement
Code20242025
Non-recurring operating income76A-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€35k
Other operating charges640/8€1k€388▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€95k€92k▼
Operating profit (loss)9901€93k€56k▼
Financial income75/76B€2.58M€13k▼
Recurring financial income75€2.58M€13k▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€2.66M€62k▼
Income taxes67/77€23k€8k▼
Profit (loss) for the period9904€2.64M€54k▼
Profit (loss) for the period to be appropriated9905€2.64M€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.64M€54k▼
Transfer to equity691/2€2.64M€54k▼
To other reserves6921€2.64M€54k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 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 | - | - | - | - | €32k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €937 | €29k | - | - | €35k | - |
| Other operating charges640/8 | - | €330 | €2k | €1k | €388 | ▼ 73.0% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €6k | €7k | €107k | €95k | €92k | ▼ 2.9% |
| Operating profit (loss)9901 | €5k | €-22k | €104k | €93k | €56k | ▼ 40.2% |
| Financial income75/76B | - | €76k | €178 | €2.58M | €13k | ▼ 99.5% |
| Recurring financial income75 | €650 | €76k | €178 | €2.58M | €13k | ▼ 99.5% |
| Financial charges65/66B | - | €1k | €57k | €5k | €7k | ▲ 33.9% |
| Recurring financial charges65 | €464 | €1k | €17k | €5k | €7k | ▲ 33.9% |
| Non-recurring financial charges66B | - | - | €40k | - | - | - |
| Profit (loss) for the period before taxes9903 | €5k | €52k | €47k | €2.66M | €62k | ▼ 97.7% |
| Income taxes67/77 | €1k | - | €6k | €23k | €8k | ▼ 67.4% |
| Profit (loss) for the period9904 | €3k | €52k | €41k | €2.64M | €54k | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €3k | €52k | €41k | €2.64M | €54k | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €2.00M | €3.15M | €5.23M | €5.45M | ▲ 4.2% |
| Fixed assets21/28 | €1.69M | €1.93M | €2.88M | €4.42M | €4.58M | ▲ 3.7% |
| Tangible fixed assets22/27 | €189k | €429k | €1.38M | €2.92M | €3.08M | ▲ 5.7% |
| Land and buildings22 | - | €429k | €429k | €429k | €3.08M | ▲ 618% |
| Assets under construction and advance payments27 | - | - | €952k | €2.49M | €0 | ▼ 100% |
| Financial fixed assets28 | €1.50M | €1.50M | €1.50M | €1.50M | €1.50M | ▼ 0.1% |
| Current assets29/58 | €40k | €68k | €270k | €817k | €870k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €25k | €35k | €177k | €817k | €868k | ▲ 6.2% |
| Trade receivables40 | - | - | €107k | €282k | €240k | ▼ 15.0% |
| Other amounts receivable41 | - | €35k | €70k | €535k | €628k | ▲ 17.4% |
| Cash at bank and in hand54/58 | €15k | €32k | €93k | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €2.00M | €3.15M | €5.23M | €5.45M | ▲ 4.2% |
| Equity10/15 | €1.73M | €1.78M | €1.82M | €4.46M | €4.52M | ▲ 1.2% |
| Contributions10/11 | - | €1.70M | €1.70M | €1.70M | €1.70M | = |
| Reserves13 | €27k | €79k | €120k | €2.76M | €2.82M | ▲ 2.0% |
| Non-distributable reserves130/1 | - | €65k | - | - | - | - |
| Reserves not available under the articles1311 | - | €65k | - | - | - | - |
| Distributable reserves133 | - | €14k | €120k | €2.76M | €2.82M | ▲ 2.0% |
| Amounts payable17/49 | €4k | €219k | €1.33M | €773k | €937k | ▲ 21.2% |
| Amounts payable after more than one year17 | - | €196k | €165k | €143k | €122k | ▼ 15.1% |
| Financial debts170/4 | - | €196k | €165k | €143k | €122k | ▼ 15.1% |
| Amounts payable within one year42/48 | €4k | €23k | €1.17M | €630k | €815k | ▲ 29.5% |
| Current portion of amounts payable after more than one year42 | - | €20k | €21k | €21k | €22k | ▲ 1.6% |
| Trade debts44 | €3k | €3k | €472k | €340k | €335k | ▼ 1.6% |
| Suppliers440/4 | - | €3k | €472k | €340k | €335k | ▼ 1.6% |
| Other amounts payable47/48 | - | - | €675k | €269k | €459k | ▲ 71.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €52k | €41k | €2.64M | €54k | ▼ 98.0% |
| + Depreciation and write-downs630 | €937 | €29k | - | - | €35k | - |
| Operating cash flow (approximation) | €4k | €81k | €41k | €2.64M | €89k | ▼ 96.6% |
| Investment in fixed assets (approximation) | - | €-269k | €-952k | €-1.54M | €-199k | ▲ 87.0% |
| Change in cash | - | €17k | €61k | - | - | - |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 99 days late
2024
31-12
Financial
Highest result since 2019net €2.64M ▲6,312%
Net result €2.64M, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 1.30
Current ratio from 0.23 to 1.30; short-term debt falls from €1.17M to €630k.
31-12
Financial
Equity above €2MEq €4.46M ▲145%
6 profitable years in a row build equity to €4.46M.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Genk · 1 establishment unit since 2006
Ground area
3,045 m²
Building footprint
2,186 m²
Volume, LiDAR
15,602 m³
Parcel 71304E0735/00N014, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Provan Group
since 20062.154.539.353
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0735/00N014 | Flanders | 3,045 m² | 1 · 2,186 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 1,884 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
Founded11-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Contact
Phone
089/30.77.12Genk
Scores and ratios are computed by Checked and are not a credit decision.