PROVAY
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-06-2023, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
42 d early
2021
45 d early
2020
24 d early
2019
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,484▼ 137%
2021 · -€627
Working capital
€7,311▲ 10.1%
2021 · €6,640
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€1,638--€2,935-€2,739▲ 6.7%-€468▲ 82.9%-€1,344▼ 187%
Net result€1,201--€2,960-€2,792▲ 5.7%-€627▲ 77.5%-€1,484▼ 137%
Equity€38,020-€35,060▼ 7.8%€32,268▼ 8.0%€31,640▼ 1.9%€30,156▼ 4.7%
Total assets€38,911-€35,574▼ 8.6%€33,828▼ 4.9%€32,394▼ 4.2%€30,206▼ 6.8%
Debt€891-€514▼ 42.3%€1,560▲ 203%€754▼ 51.7%€50▼ 93.4%
Working capital€7,055-€5,750▼ 18.5%€5,112▼ 11.1%€6,640▲ 29.9%€7,311▲ 10.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,344 in 2022 against €468 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €30,206
Fixed assets
€22,845 ▼ 8.6%
Current assets
€7,361 ▼ 0.4%
Equity and liabilities €30,206
Equity
€30,156 ▼ 4.7%
Debt
€50 ▼ 93.4%
Debt's share of the balance-sheet total falls from 2.3% to 0.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€811▼
2021 · €1,687
Cash flow
€671▼
2021 · €1,528
Debt to equity
0.00▼
2021 · 0.02
ROE
-4.9%▼
2021 · -2.0%
ROA
-4.9%▼
2021 · -1.9%
Interest coverage
5.79▼
2021 · 10.58
Debt ≤ 1 year
€50▼
2021 · €754
A ratio outside any meaningful range has been withheld (balance sheet total €30,206, equity €30,156).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,394 | €2,155 | €2,155 | €2,155 | €2,155 | = |
| Other operating charges640/8 | - | - | - | €1,086 | €1,093 | ▲ 0.7% |
| Gross operating margin9900 | €5,837 | €212 | €486 | €2,773 | €1,904 | ▼ 31.3% |
| Operating profit (loss)9901 | €1,638 | -€2,935 | -€2,739 | -€468 | -€1,344 | ▼ 187% |
| Financial charges65/66B | - | - | - | €160 | €140 | ▼ 12.1% |
| Recurring financial charges65 | €46 | €25 | €53 | €160 | €140 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €1,592 | -€2,960 | -€2,792 | -€627 | -€1,484 | ▼ 137% |
| Income taxes67/77 | €391 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,201 | -€2,960 | -€2,792 | -€627 | -€1,484 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €1,201 | -€2,960 | -€2,792 | -€627 | -€1,484 | ▼ 137% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,911 | €35,574 | €33,828 | €32,394 | €30,206 | ▼ 6.8% |
| Fixed assets21/28 | €31,465 | €29,310 | €27,155 | €25,000 | €22,845 | ▼ 8.6% |
| Tangible fixed assets22/27 | €31,465 | €29,310 | €27,155 | €25,000 | €22,845 | ▼ 8.6% |
| Land and buildings22 | - | - | - | €25,000 | €22,845 | ▼ 8.6% |
| Current assets29/58 | €7,446 | €6,264 | €6,673 | €7,394 | €7,361 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €5,095 | €5,095 | €5,095 | €5,095 | €5,095 | = |
| Other amounts receivable41 | - | - | - | €5,095 | €5,095 | = |
| Cash at bank and in hand54/58 | €2,350 | €1,169 | €1,578 | €1,549 | €2,266 | ▲ 46.3% |
| Deferred charges and accrued income490/1 | - | - | - | €750 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,911 | €35,574 | €33,828 | €32,394 | €30,206 | ▼ 6.8% |
| Equity10/15 | €38,020 | €35,060 | €32,268 | €31,640 | €30,156 | ▼ 4.7% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | = |
| Reserves13 | €15,649 | €15,649 | €13,718 | €13,090 | €11,606 | ▼ 11.3% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €11,235 | €9,751 | ▼ 13.2% |
| Profit (loss) carried forward14 | €3,820 | €861 | €3,820 | - | - | - |
| Amounts payable17/49 | €891 | €514 | €1,560 | €754 | €50 | ▼ 93.4% |
| Amounts payable within one year42/48 | €391 | €514 | €1,560 | €754 | €50 | ▼ 93.4% |
| Trade debts44 | - | €514 | €1,560 | €704 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €704 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €50 | €50 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,201 | -€2,960 | -€2,792 | -€627 | -€1,484 | ▼ 137% |
| + Depreciation and write-downs630 | €3,394 | €2,155 | €2,155 | €2,155 | €2,155 | = |
| Operating cash flow (approximation) | €4,595 | -€805 | -€638 | €1,528 | €671 | ▼ 56.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,181 | €409 | -€29 | €717 | ▲ 2,586% |
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
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 15current ratio 147.22
Current ratio from 9.81 to 147.22; short-term debt falls from €754 to €50.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 9.81
Current ratio from 4.28 to 9.81; short-term debt falls from €1,560 to €754.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 481 days late
2019
31-12
Financial
Weakest financial yearnet -€2,960
Net result drops to -€2,960, the lowest in the series.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 4 days late
2014
05-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
1 ownerChain of control
- IMMO PHICO
- PROVAY
Highest known parent: IMMO PHICO. The sources do not say who stands above it.
Owners 1
- IMMO PHICOparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.