PROVIMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 39 filings
Turnover
≈ €120,000
Estimated: probably between €64,000 and €230,000
Total assets
€1.2m▼ 0.7%
2024 · €1.2m
Net result
-€10,130▲ 69.1%
2024 · -€32,773
Working capital
€205,291▲ 8.0%
2024 · €190,121
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€9,949
▲ 69.5%
2025
20182025
Net result
-€10,130
▲ 69.1%
2025
20182025
Equity
€1.1m
▼ 0.9%
2025
20182025
Total assets
€1.2m
▼ 0.7%
2025
20182025
Debt
€33,346
▲ 5.8%
2025
20182025
Working capital
€205,291
▲ 8.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€1.7m▲ 99×-€0.03m-€0.02m▲ 17.2%-€0.03m▼ 25.8%-€0.04m▼ 40.6%-€0.03m▲ 18.1%-€0.01m▲ 69.5%
Net result€0.01m-€1.2m▲ 121×-€0.03m-€0.02m▲ 17.1%-€0.03m▼ 25.9%-€0.04m▼ 40.5%-€0.03m▲ 18.0%-€0.01m▲ 69.1%
Equity€0.1m-€1.3m▲ 11×€1.3m▼ 2.1%€1.2m▼ 1.8%€1.2m▼ 2.3%€1.2m▼ 3.3%€1.1m▼ 2.8%€1.1m▼ 0.9%
Total assets€1.3m-€1.4m▲ 2.3%€1.3m▼ 2.8%€1.3m▼ 2.9%€1.3m▼ 2.1%€1.2m▼ 2.9%€1.2m▼ 3.2%€1.2m▼ 0.7%
Debt€1.2m-€0.06m▼ 95.1%€0.05m▼ 18.2%€0.03m▼ 31.3%€0.03m▲ 4.3%€0.04m▲ 9.9%€0.03m▼ 17.1%€0.03m▲ 5.8%
Working capital-€1.2m-€0.3m€0.3m▼ 0.4%€0.3m▲ 2.7%€0.2m▼ 22.6%€0.2m▼ 3.6%€0.2m▼ 10.4%€0.2m▲ 8.0%
The operating result for 2025 is a loss of €9,949, smaller than the loss of €32,590 in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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
€955,800 ▼ 2.6%
Current assets
€215,000 ▲ 8.6%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 0.9%
Debt
€33,346 ▲ 5.8%
Debt's share of the balance-sheet total rises from 2.7% to 2.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,164▲
2024 · €2,338
Cash flow
€25,983▲
2024 · €2,154
Current ratio
22.14▼
2024 · 25.14
Debt to equity
0.03▲
2024 · 0.03
ROE
-0.9%▲
2024 · -2.9%
ROA
-0.9%▲
2024 · -2.8%
Interest coverage
over 100▲
2024 · 12.74
Debt ≤ 1 year
€9,709▲
2024 · €7,874
Debt > 1 year
€23,637=
2024 · €23,637
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €813 | €67,297 | €1,877 | €24,273 | €10,813 |
| Depreciation and write-downs of the year | €28,320 | €31,502 | €33,848 | €34,928 | €36,113 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 3.4% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.007m | €0.007m | €0.008m | €0.008m | ▼ 6.2% |
| Gross operating margin9900 | €0.07m | €1.8m | €0.008m | €0.01m | €0.01m | €0.001m | €0.01m | €0.03m | ▲ 223% |
| Operating profit (loss)9901 | €0.02m | €1.7m | -€0.03m | -€0.02m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | ▲ 69.5% |
| Recurring financial income75 | €0 | €0.005m | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €95 | €142 | €165 | €183 | €181 | ▼ 1.3% |
| Recurring financial charges65 | €0.001m | €90 | €101 | €95 | €142 | €165 | €183 | €181 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €0.02m | €1.7m | -€0.03m | -€0.02m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | ▲ 69.1% |
| Income taxes67/77 | €0.006m | €0.5m | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €0.01m | €1.2m | -€0.03m | -€0.02m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | ▲ 69.1% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €1.2m | -€0.03m | -€0.02m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | ▲ 69.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 0.7% |
| Fixed assets21/28 | €1.3m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Tangible fixed assets22/27 | €1.3m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.003m | €0.002m | €0.01m | ▲ 387% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €108 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.07m | €0.06m | €0.07m | €0.06m | ▼ 13.3% |
| Financial fixed assets28 | €12 | €12 | €12 | €12 | €12 | €12 | €12 | €12 | = |
| Current assets29/58 | €0.02m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.6% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.002m | - | €0.003m | €0.009m | - | - | - |
| Trade receivables40 | - | - | - | - | €0.003m | €0.009m | - | - | - |
| Cash at bank and in hand54/58 | €0.007m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 6.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.005m | €0.005m | €0.005m | €0.01m | ▲ 101% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 0.7% |
| Equity10/15 | €0.1m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 0.9% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.02m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves not available under the articles1311 | - | - | - | €0.006m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.04m | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 1.2% |
| Amounts payable17/49 | €1.2m | €0.06m | €0.05m | €0.03m | €0.03m | €0.04m | €0.03m | €0.03m | ▲ 5.8% |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other amounts payable178/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts payable within one year42/48 | €1.2m | €0.04m | €0.03m | €0.01m | €0.01m | €0.01m | €0.008m | €0.01m | ▲ 23.3% |
| Financial debts43 | - | - | - | - | - | €282 | €278 | €0.001m | ▲ 214% |
| Credit institutions430/8 | - | - | - | - | - | €282 | €278 | €0.001m | ▲ 214% |
| Trade debts44 | - | €0.008m | €0.005m | €0.005m | €0.003m | €0.009m | - | - | - |
| Suppliers440/4 | - | - | - | €0.005m | €0.003m | €0.009m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.008m | €0.005m | €0.008m | €0.009m | ▲ 16.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €1.2m | -€0.03m | -€0.02m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | ▲ 69.1% |
| + Depreciation and write-downs630 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 3.4% |
| Operating cash flow (approximation) | €0.05m | €1.2m | €0.001m | €0.006m | €0.003m | -€0.006m | €0.002m | €0.03m | ▲ 12× |
| Investment in fixed assets (approximation) | - | €0.2m | -€0.002m | -€0.001m | -€0.07m | -€0.002m | -€0.02m | -€0.01m | ▲ 55.5% |
| Change in cash | - | €0.3m | -€0.01m | -€0.01m | -€0.06m | -€0.01m | -€0.02m | €0.01m | - |
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, 8,617 companies had the same profile as PROVIMMO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROVIMMO itself: < 0.1% 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 8,617 companies, not a prediction for PROVIMMO. 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.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00253870 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00203665 | |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00342843 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00145077 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20338079 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-56400219 | |
| 31-12-2019 | micro format | 29-09-2020 | 2020-57900415 | |
| 31-12-2018 | micro format | 17-09-2019 | 2019-64800057 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-22500331 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-36000408 |