Provila
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 7 filings
Turnover
≈ €740,000
Estimated: probably between €500,000 and €910,000
Total assets
€1.2m▼ 13.1%
2024 · €1.4m
Net result
€22,679▲ 305%
2024 · €5,594
Working capital
€344,063▲ 15.0%
2024 · €299,224
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€49,908
▲ 132%
2025
20192025
Net result
€22,679
▲ 305%
2025
middle half of the sector
20192025
Equity
€355,236
▲ 6.8%
2025
highest quarter of the sector
20192025
Total assets
€1.2m
▼ 13.1%
2025
highest quarter of the sector
20192025
Debt
€830,372
▼ 19.5%
2025
20192025
Working capital
€344,063
▲ 15.0%
2025
highest quarter of the sector
20192025
Solvency
30.0%
▲ 5.6pp
2025
middle half of the sector
20192025
Current ratio
1.84
▲ 0.28
2025
middle half of the sector
20192025
Return on assets (ROA)
1.9%
▲ 1.5pp
2025
middle half of the sector
20192025
Staff (FTE)
1
▼ 33.3%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.003m-€0.07m▲ 27×€0.1m▲ 39.2%€0.1m▲ 36.8%€0.1m▼ 21.0%€0.02m▼ 79.5%€0.05m▲ 132%
Net result€0.001m-€0.06mabove the sector's middle half▲ 48×€0.08mabove the sector's middle half▲ 41.9%€0.1mabove the sector's middle half▲ 31.8%€0.07mabove the sector's middle half▼ 33.0%€0.006mwithin the sector's middle half▼ 91.9%€0.02mwithin the sector's middle half▲ 305%
Equity€0.02m-€0.08mwithin the sector's middle half▲ 281%€0.2mabove the sector's middle half▲ 105%€0.3mabove the sector's middle half▲ 67.4%€0.3mabove the sector's middle half▲ 27.0%€0.3mabove the sector's middle half▲ 1.7%€0.4mabove the sector's middle half▲ 6.8%
Total assets€0.1m-€0.3mwithin the sector's middle half▲ 120%€0.9mabove the sector's middle half▲ 223%€1.4mabove the sector's middle half▲ 60.2%€1.1mabove the sector's middle half▼ 21.9%€1.4mabove the sector's middle half▲ 24.1%€1.2mabove the sector's middle half▼ 13.1%
Debt€0.1m-€0.2m▲ 89.5%€0.7m▲ 268%€1.1m▲ 58.7%€0.8m▼ 32.8%€1.0m▲ 33.6%€0.8m▼ 19.5%
Working capital€0.02m-€0.06mwithin the sector's middle half▲ 266%€0.1mabove the sector's middle half▲ 61.1%€0.07mwithin the sector's middle half▼ 31.3%€0.04mwithin the sector's middle half▼ 38.8%€0.3mabove the sector's middle half▲ 622%€0.3mabove the sector's middle half▲ 15.0%
Solvency16.0%-27.7%within the sector's middle half▲ 11.7pp17.5%below the sector's middle half▼ 10.1pp18.3%below the sector's middle half▲ 0.8pp29.7%within the sector's middle half▲ 11.4pp24.4%within the sector's middle half▼ 5.4pp30.0%within the sector's middle half▲ 5.6pp
Current ratio1.20-1.34within the sector's middle half▲ 0.131.29within the sector's middle half▼ 0.051.08below the sector's middle half▼ 0.201.09below the sector's middle half=1.56within the sector's middle half▲ 0.471.84within the sector's middle half▲ 0.28
Return on assets (ROA)0.9%-20.4%above the sector's middle half▲ 19.5pp9.0%within the sector's middle half▼ 11.4pp7.4%within the sector's middle half▼ 1.6pp6.3%within the sector's middle half▼ 1.1pp0.4%within the sector's middle half▼ 5.9pp1.9%within the sector's middle half▲ 1.5pp
Staff (FTE)0.81.8▲ 125%1.8=1.5▼ 16.7%1▼ 33.3%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 132% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€433,085 ▼ 18.7%
Current assets
€752,523 ▼ 9.5%
Equity and liabilities €1.2m
Equity
€355,236 ▲ 6.8%
Debt
€830,372 ▼ 19.5%
Debt's share of the balance-sheet total falls from 75.6% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167,371▲
2024 · €136,934
Cash flow
€140,142▲
2024 · €121,037
Quick ratio
0.88▲
2024 · 0.36
Debt to equity
2.34▼
2024 · 3.10
ROE
6.4%▲
2024 · 1.7%
Interest coverage
8.59▲
2024 · 6.04
Debt ≤ 1 year
€408,460▼
2024 · €532,410
Debt > 1 year
€421,912▼
2024 · €488,973
Income taxes
€11,810▲
2024 · €1,520
Staff costs
€72,296▼
2024 · €92,080
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | - | - |
| in full-time equivalents | 1.8 | 1.8 | 1.8 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.8 | 1.8 | 1.8 | 1.5 | 1 |
| On a permanent contract | 2 | 2 | 2 | 1 | 1 |
| Joined | 2 | - | - | 0 | - |
| Left | 0 | - | - | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €490,479 | €163,018 | €163,996 | €61,629 | €17,822 |
| Financial fixed assets | €633 | - | - | - | - |
| Depreciation and write-downs of the year | €68,726 | €56,954 | €96,073 | €115,442 | €117,463 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,734 awarded · €1,734 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,500 | €1,500 |
| 2022 | 1 | €234 | €234 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,980 | €63,848 | €1,381 | - | - |
| Remuneration, social security and pensions62 | - | - | €49,324 | €116,466 | €116,276 | €92,080 | €72,296 | ▼ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,278 | €6,899 | €68,726 | €56,954 | €96,073 | €115,442 | €117,463 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €3,332 | - |
| Other operating charges640/8 | - | - | €1,718 | €5,415 | €6,234 | €6,233 | €6,864 | ▲ 10.1% |
| Gross operating margin9900 | €10,076 | €77,192 | €216,639 | €311,361 | €323,310 | €235,247 | €249,863 | ▲ 6.2% |
| Operating profit (loss)9901 | €2,545 | €69,572 | €96,872 | €132,527 | €104,727 | €21,492 | €49,908 | ▲ 132% |
| Financial income75/76B | - | - | €4,732 | €4,573 | €4,396 | €8,304 | €4,068 | ▼ 51.0% |
| Recurring financial income75 | €718 | €248 | €4,732 | €4,573 | €4,396 | €4,428 | €4,068 | ▼ 8.1% |
| Non-recurring financial income76B | - | - | - | - | - | €3,876 | - | - |
| Financial charges65/66B | - | - | €6,344 | €15,460 | €16,973 | €22,681 | €19,487 | ▼ 14.1% |
| Recurring financial charges65 | €2,105 | €2,123 | €6,344 | €15,460 | €16,973 | €22,681 | €19,487 | ▼ 14.1% |
| Profit (loss) for the period before taxes9903 | €1,158 | €67,696 | €95,260 | €121,639 | €92,150 | €7,115 | €34,489 | ▲ 385% |
| Income taxes67/77 | - | €12,247 | €16,599 | €17,962 | €22,733 | €1,520 | €11,810 | ▲ 677% |
| Profit (loss) for the period9904 | €1,158 | €55,449 | €78,661 | €103,677 | €69,418 | €5,594 | €22,679 | ▲ 305% |
| Profit (loss) for the period to be appropriated9905 | €1,158 | €55,449 | €78,661 | €103,677 | €69,418 | €5,594 | €22,679 | ▲ 305% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.3m | €0.9m | €1.4m | €1.1m | €1.4m | €1.2m | ▼ 13.1% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | ▼ 18.7% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | ▼ 18.7% |
| Land and buildings22 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | €0.009m | €0.02m | €0.04m | €0.04m | €0.03m | ▼ 20.1% |
| Furniture and vehicles24 | - | - | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 30.5% |
| Financial fixed assets28 | - | - | €0.001m | €0.001m | €363 | €363 | €363 | = |
| Current assets29/58 | €0.1m | €0.2m | €0.4m | €0.9m | €0.5m | €0.8m | €0.8m | ▼ 9.5% |
| Stocks and contracts in progress3 | €0.08m | €0.1m | €0.2m | €0.5m | €0.3m | €0.6m | €0.4m | ▼ 38.3% |
| Stocks30/36 | - | - | €0.2m | €0.5m | €0.3m | €0.6m | €0.4m | ▼ 38.3% |
| Amounts receivable within one year40/41 | €0.002m | €0.01m | €0.05m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 20.9% |
| Trade receivables40 | - | - | €0.03m | €0.01m | €0.06m | €0.07m | €0.08m | ▲ 7.3% |
| Other amounts receivable41 | - | - | €0.02m | €0.05m | €0.1m | €0.09m | €0.1m | ▲ 32.2% |
| Cash at bank and in hand54/58 | €0.02m | €0.09m | €0.2m | €0.3m | €0.03m | €0.02m | €0.2m | ▲ 575% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 26.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.3m | €0.9m | €1.4m | €1.1m | €1.4m | €1.2m | ▼ 13.1% |
| Equity10/15 | €0.02m | €0.08m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 6.8% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.001m | €0.06m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 7.2% |
| Distributable reserves133 | - | - | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 7.2% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.7m | €1.1m | €0.8m | €1.0m | €0.8m | ▼ 19.5% |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 13.7% |
| Financial debts170/4 | - | - | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 13.7% |
| Amounts payable within one year42/48 | €0.08m | €0.2m | €0.3m | €0.8m | €0.5m | €0.5m | €0.4m | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.05m | €0.05m | €0.07m | €0.07m | ▼ 0.2% |
| Financial debts43 | - | - | - | €0.4m | €0.2m | €0.2m | €0.002m | ▼ 98.9% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.2m | €0.2m | - | - |
| Other loans439 | - | - | - | €0.007m | €0.007m | €0.003m | €0.002m | ▼ 48.0% |
| Trade debts44 | €0.01m | €0.004m | €0.04m | €0.2m | €0.03m | €0.001m | €0.02m | ▲ 30× |
| Suppliers440/4 | - | - | €0.04m | €0.2m | €0.03m | €0.001m | €0.02m | ▲ 30× |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.02m | €0.006m | €0.002m | €0.02m | ▲ 531% |
| Taxes450/3 | - | - | €0.03m | €0.02m | €0.003m | €67 | €0.01m | ▲ 146× |
| Remuneration and social security454/9 | - | - | €0.01m | €0.002m | €0.003m | €0.002m | €0.006m | ▲ 144% |
| Other amounts payable47/48 | - | - | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 2.2% |
| Accrued charges and deferred income492/3 | - | - | €0.1m | €0.005m | €0.008m | €0.01m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,158 | €55,449 | €78,661 | €103,677 | €69,418 | €5,594 | €22,679 | ▲ 305% |
| + Depreciation and write-downs630 | €7,278 | €6,899 | €68,726 | €56,954 | €96,073 | €115,442 | €117,463 | ▲ 1.8% |
| Operating cash flow (approximation) | €8,436 | €62,348 | €147,387 | €160,631 | €165,490 | €121,037 | €140,142 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€11,614 | -€475,574 | -€160,998 | -€143,540 | -€59,704 | -€17,822 | ▲ 70.1% |
| Change in cash | - | €77,541 | €79,050 | €87,128 | -€233,463 | -€2,976 | €128,839 | - |
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, 3,274 companies had the same profile as Provila has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
94.7%
was still going
2.5%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Provila itself is lower: 0.2% within 12 months. It rests on far more data about Provila than the profile alone.
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 3,274 companies, not a prediction for Provila. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00299960 | |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00099304 | |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00237803 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00232551 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20095115 | |
| 31-12-2020 | micro format | 02-08-2021 | 2021-44800128 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37900092 |