Provépi
ActiveSummary
Provépi has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€27,943) and a net result of €43,073. Equity has been shrinking by about 25% per year since 2023. Its solvency ranks better than 18% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-05-2023 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 3 others
- Establishment unit
- 2.346.127.518 4300 Waremme, since 30-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-09-2025
Board and ownership
- GANGI Philippe Eli FrançoisDirector · since 30-05-2023
- Sinat Consult100%· score 532025 annual accounts of Sinat Consult
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €89,352
- Turnover
- ≈ €220,000
- estimated
- Profit
- €43,073
- Equity
- -€27,943
- ▲ 60.7%
- Total assets
- €1.2m
- ▼ 12.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 17 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€27,943Liquidity: current ratio 0.74, cash €13,471lowers riskSize: total assets €1.2mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 17% of them on solvency, 8% on liquidity, 41% on profitability and 87% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 5 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400730.
Annual accounts 2025 filed on 17-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a profit of €72,294, after a loss of €26,267 in 2024. It is the highest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €461,706 | €15,251 | €371 |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €9,511 | €14,999 | €14,281 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,511 | €14,999 | €14,281 | ▼ 4.8% |
| Other operating charges640/8 | €2,488 | €7,442 | €2,777 | ▼ 62.7% |
| Gross operating margin9900 | -€2,840 | -€3,825 | €89,352 | - |
| Operating profit (loss)9901 | -€14,839 | -€26,267 | €72,294 | - |
| Financial income75/76B | - | €20 | €0 | ▼ 100% |
| Recurring financial income75 | - | €20 | €0 | ▼ 100% |
| Financial charges65/66B | €2,172 | €30,760 | €29,221 | ▼ 5.0% |
| Recurring financial charges65 | €2,172 | €30,760 | €29,221 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | -€17,011 | -€57,006 | €43,073 | - |
| Profit (loss) for the period9904 | -€17,011 | -€57,006 | €43,073 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,011 | -€57,006 | €43,073 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.8m | €1.3m | €1.2m | ▼ 12.7% |
| Formation expenses20 | €0.001m | €0 | - | - |
| Fixed assets21/28 | €0.5m | €0.5m | €0.4m | ▼ 3.1% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.4m | ▼ 3.1% |
| Land and buildings22 | €0.5m | €0.4m | €0.4m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €0.01m | €0.01m | ▼ 12.3% |
| Furniture and vehicles24 | - | €0.001m | €0.001m | ▲ 1.2% |
| Current assets29/58 | €0.3m | €0.9m | €0.7m | ▼ 17.7% |
| Stocks and contracts in progress3 | €0.3m | €0.9m | €0.7m | ▼ 19.6% |
| Stocks30/36 | €0.3m | €0.9m | €0.6m | ▼ 35.6% |
| Contracts in progress37 | - | - | €0.1m | - |
| Amounts receivable within one year40/41 | €0.02m | €0.005m | €0.01m | ▲ 115% |
| Trade receivables40 | €0.02m | €0.005m | €0.01m | ▲ 115% |
| Other amounts receivable41 | €0.002m | €0 | €2 | - |
| Cash at bank and in hand54/58 | €0.007m | €0.005m | €0.01m | ▲ 190% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.001m | ▼ 22.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.8m | €1.3m | €1.2m | ▼ 12.7% |
| Equity10/15 | -€0.01m | -€0.07m | -€0.03m | ▲ 60.7% |
| Contributions10/11 | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.07m | -€0.03m | ▲ 58.2% |
| Amounts payable17/49 | €0.8m | €1.4m | €1.2m | ▼ 15.2% |
| Amounts payable after more than one year17 | - | - | €0.2m | - |
| Financial debts170/4 | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €0.8m | €1.4m | €1.0m | ▼ 30.2% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.7m | €0.1m | ▼ 80.8% |
| Trade debts44 | €0.02m | €0.08m | €0.03m | ▼ 59.4% |
| Suppliers440/4 | €0.02m | €0.08m | €0.03m | ▼ 59.4% |
| Taxes, remuneration and social security45 | €0.001m | €318 | €0.02m | ▲ 61× |
| Taxes450/3 | €0.001m | €318 | €0.02m | ▲ 61× |
| Other amounts payable47/48 | €0.6m | €0.6m | €0.8m | ▲ 25.2% |
| Accrued charges and deferred income492/3 | - | €0.001m | €0.002m | ▲ 216% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,011 | -€57,006 | €43,073 | - |
| + Depreciation and write-downs630 | €9,511 | €14,999 | €14,281 | ▼ 4.8% |
| Operating cash flow (approximation) | -€7,500 | -€42,007 | €57,354 | - |
| Investment in fixed assets (approximation) | - | -€16,158 | -€371 | ▲ 97.7% |
| Change in cash | - | -€1,892 | €8,827 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 262 companies had the same profile as Provépi has now. Two years later, 97.3% were still going and 1.1% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Provépi itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 262 companies, not a prediction for Provépi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- Sinat Consult
- Provépi
Owners 1
- Sinat ConsultparentEquity -€968 Loss of €7,399 in 2025 (profit of €102 in 2024) Checked score 53100%
Capital transactions
- Sinat Consult (BE 0802.083.201) 100 shares (100%) · €3,000 in cash
- 01-06-2023 Incorporation · €3,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, seuls direction affaires sociales”“Fixe ou proportionnel, exercé à titre gratuit ou rémunéré selon décision assemblée générale”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement nombre actions si plusieurs, toutes cessions entre vifs,titre onéreux ou…”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Administrateur ou administrateurs en exercice, assemblée générale peut désigner un ou plusieurs liquidateurs dont elle déterminera pouvoirs…”
Articles of association, deed of 01-06-2023 (in French)
Network & group
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
04-03
Gazette deed
Registered office moved from Ans to WaremmeNew seat: Rue Charles Lejeune 12, 4300 WAREMME · Previous seat: Rue Walthère Jamar 191/11, 4430 ANS · Director in office3 points ▸
- Board meeting, 22-11-2023
- Registered-office move, Rue Charles Lejeune 12,4300 WAREMME
- Director in office, Sinat Consuit sri (director)
01-06
Gazette deed
IncorporationStarting capital €3,000 · Appointment: GANGI Philippe Eli François (director) · Founder7 points ▸
- Other provision, “assujettissement à la Taxe sur la Valeur Ajoutée” (deed in French)
- Other provision, “modification des statuts depuis la constitution” (deed in French)
- Founder, Sinat Consult
- Incorporation, 30-05-2023
- Founding capital, €3,000
- Director appointment, GANGI Philippe Eli François (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements souscrits par fondateur au nom société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue Walthère Jamar 191/11, 4430 Ans until 21-11-2023 · act of 04-03-2024