Summary
PROVANAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.5m and a net result of €19,619. Equity is shrinking by about 3.7% per year across the filed financial years. Its solvency ranks better than 95% of 1,844 sector peers (NACE 66, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PROVANAL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11 - Bevoegdheden van het bestuursorgaan: 11.1 Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)“Al dan niet ten kosteloze titel, algemene kosten los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende/kosteloze titel,vrijwillig/gedwongen,in vruchtgebruik,blote/volle eigendom,aandelen of andere…” (deed in Dutch)“Geheel of deel van de aandelen vrij overdragen, vennootschap telt maar één aandeelhouder meer” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of March at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “In vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, recht AV om één of meerdere vereffenaars aan te duiden bevoegdheden te omlijnen en…” (deed in Dutch)