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PROVIDENCE

Active
Public limited companyfounded 1989active for 37 yearsTreurenberg 2-4, 1000 Brussel, BelgiumKBO/BCE: BE 0437.061.016
Summary

The computed 12-month bankruptcy probability of PROVIDENCE is 6.8% (elevated). The 2024 annual accounts show negative equity (-€2,494) and a net result of -€4,632. Equity is shrinking by about 19% per year across the filed financial years. Its solvency ranks better than 10% of 1,081 sector peers (NACE 73, financial year 2024). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€386,115total assets 2024
Equity
-€2,494
Loss
-€4,632
Financial health
32 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.8%
Structure
Parent
Boondoggle Havas · 99.99%
Board
8 members
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d'EntreprisesAccounts 72 days overdue
Why 32raises risk1 financial year not filed after the legal deadline; latest accounts 208 days late; 3 of the last 3 lateLiquidity: current ratio 0.99, cash €0Figures for financial year 2024 (filed 26-02-2026)1 change of registered office in 24 monthsShow the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 9% of its sector peers (NACE 73, micro)
Financial strength · tick = 2023
Weak
Solvency 24-10
equity -0.6% of total assets
Liquidity 0=
short-term debt 100.6% · cash 0.0%
Profitability 35+35
return on assets -1.2%
Bankruptcy probability, 12 months
6.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,204 companies, NACE 73, micro)
Last 24 months 11-2024: 2.2% 12-2024: 2.2%● unchanged vs 11-2024 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.2%● unchanged vs 01-2025 03-2025: 2.2%● unchanged vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025lowest value 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.4%▲ +0.2 percentage points vs 05-2025 07-2025: 2.6%▲ +0.2 percentage points vs 06-2025 08-2025: 3.2%▲ +0.6 percentage points vs 07-2025 09-2025: 3.2%● unchanged vs 08-2025 10-2025: 3.6%▲ +0.4 percentage points vs 09-2025 11-2025: 3.6%● unchanged vs 10-2025 12-2025: 4.3%▲ +0.7 percentage points vs 11-2025 01-2026: 6.1%▲ +1.8 percentage points vs 12-2025 02-2026: 6.1%● unchanged vs 01-2026 03-2026: 2.3%▼ -3.8 percentage points vs 02-2026 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 4.3%▲ +2.0 percentage points vs 04-2026 06-2026: 4.1%▼ -0.2 percentage points vs 05-2026 07-2026: 4.2%▲ +0.1 percentage points vs 06-2026 08-2026: 4.7%▲ +0.5 percentage points vs 07-2026 09-2026: 5.4%▲ +0.7 percentage points vs 08-2026 10-2026: 6.8%▲ +1.4 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.99, compared with 1.1 in 2023; short-term debt: 100.6% and cash: 0% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 12% on solvency, 1% on liquidity, 23% on profitability and 2% on growth.

The bankruptcy probability was computed on 10-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 208 days late; 3 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 0.99, cash €0
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 26-02-2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€2,494
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
208 days late
2023
83 days late
2022
98 days late
2021
12 days late
2020
26 days late
2019
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 72 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Alberto CANTELI SUAREZ (director) and…Resignation: HITCHCOX (director) · Permanent…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Reappointments: Alberto CANTELI SUAREZ, Arturo CARRANZA…Permanent representative: Stijn Cox ·…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€2,494 View
  • Risk: 3 loss-making years in a rowloss financial year 2024 -€4,632 View
  • Caution: Among the weakest 10% on equitysector median €305,669 · 1,082 companies -€2,494 View
  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Controlled by Boondoggle Havasknown shareholders 100% 99.99% View
  • New directorlatest change 01-04-2026 · 8 in office 1 joined View

By topic

Financials

Financial year
2024
Total assets
€386,115
Loss
-€4,632
Solvency
-0.6%
Turnover▼ 63.7%
Net result
20182022
Go to Financials

Board & ownership

Board
8 members
Parent
Boondoggle Havas · 99.99%
Known shareholders
100%
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises
  • Jeanne BRIYSDirector
  • Gaëtan DUROCHERDirector
  • Christian MAGON de VILLEHUCHETDirector
  • Alberto CanteloDirector
  • Arturo Carranza Muñoz LunaDirector

and 3 other directors

Go to Board & ownership

Timeline

Events
71
Since
1990
  1. 22-10-2024Annual accounts filed
  2. 13-03-2024Resignations: Jacques Dillies (director) and Christian Magon…
  3. 01-03-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
21-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
L'exploitation d'une entreprise destinée à favoriser et à développer les activités…
Go to Articles of association

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