PROVIRON FUNCTIONAL CHEMICALS
ActivePROVIRON FUNCTIONAL CHEMICALS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.19M and a net result of €-452k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 266 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-8
Solvency61▲+2
Growth49▼-18
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.83 in 2024; short-term debt: 49.2% and cash: 0.1% of total assets), and 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
-0.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
38 d early
2023
42 d early
2022
48 d early
2021
41 d early
2020
40 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€66.65M▼ 1.6%
2024 · €67.74M
2018: €54.67M
2019: €49.51M
2020: €45.20M
2021: €60.83M
2022: €68.58M
2023: €65.85M
2024: €67.74M
2018 → 2025
EBIT margin
0.5%▼ 4.4pp
2024 · 4.9%
2018: 4.3%
2019: 0.1%
2020: 1.6%
2021: 2.1%
2022: 9.5%
2023: 2.3%
2024: 4.9%
2018 → 2025
Net result
€-452k
2024 · €1.87M
2018: €1.12M
2019: €-327k
2020: €157k
2021: €696k
2022: €4.36M
2023: €439k
2024: €1.87M
2018 → 2025
Working capital
€-7.05M▼ 39.8%
2024 · €-5.04M
2018: €-2.19M
2019: €-5.73M
2020: €-6.75M
2021: €-4.50M
2022: €-2.20M
2023: €-3.90M
2024: €-5.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€60.83M-€68.58M▲ 12.7%€65.85M▼ 4.0%€67.74M▲ 2.9%€66.65M▼ 1.6%
Equity€13.70M-€17.33M▲ 26.5%€17.77M▲ 2.5%€19.64M▲ 10.5%€19.19M▼ 2.3%
Operating result€1.28M-€6.55M▲ 413%€1.51M▼ 76.9%€3.32M▲ 119%€301k▼ 90.9%
Net result€696k-€4.36M▲ 526%€439k▼ 89.9%€1.87M▲ 326%€-452k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54.05M
Fixed assets
€34.50M▼ 0.2%
Current assets
€19.55M▼ 18.4%
Equity and liabilities €54.05M
Equity
€19.19M▼ 2.3%
Provisions
€6.02M▼ 5.7%
Debt
€28.84M▼ 11.3%
The debt ratio falls from 55.5% to 53.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4.56M▼
2024 · €6.95M
Cash flow
€3.81M▼
2024 · €5.51M
Solvency
35.5%▲
2024 · 33.6%
Current ratio
0.73▼
2024 · 0.83
Quick ratio
0.42▼
2024 · 0.51
Debt / equity
1.50▼
2024 · 1.65
ROE
-2.4%▼
2024 · 9.5%
ROA
-0.8%▼
2024 · 3.2%
Interest coverage
8.16▼
2024 · 11.59
Debt
€28.84M▼
2024 · €32.50M
Debt ≤ 1 year
€26.60M▼
2024 · €29.00M
Debt > 1 year
€1.65M▼
2024 · €2.68M
Income taxes
€231k▼
2024 · €693k
Staff costs
€16.22M▼
2024 · €16.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58.53M€54.05M▼
Fixed assets21/28€34.57M€34.50M▼
Intangible fixed assets21€7.56M€7.84M▲
Tangible fixed assets22/27€27.02M€26.66M▼
Land and buildings22€8.99M€8.97M▼
Plant, machinery and equipment23€14.36M€14.20M▼
Furniture and vehicles24€283k€373k▲
Assets under construction and advance payments27€3.39M€3.12M▼
Financial fixed assets28€344€344=
Other financial fixed assets284/8€344€344=
Amounts receivable and cash guarantees285/8€344€344=
Current assets29/58€23.95M€19.55M▼
Stocks and contracts in progress3€9.14M€8.46M▼
Stocks30/36€9.14M€8.46M▼
Raw materials and consumables30/31€4.15M€4.27M▲
Finished goods33€4.83M€4.11M▼
Goods purchased for resale34€156k€85k▼
Amounts receivable within one year40/41€13.95M€10.93M▼
Trade receivables40€11.15M€10.14M▼
Other amounts receivable41€2.80M€787k▼
Current investments50/53€496-
Other investments51/53€496-
Cash at bank and in hand54/58€725k€65k▼
Deferred charges and accrued income490/1€139k€98k▼
Equity and liabilities
Total equity and liabilities10/49€58.53M€54.05M▼
Equity10/15€19.64M€19.19M▼
Contributions10/11€11.01M€11.01M=
Capital10€11.01M€11.01M=
Issued capital100€11.01M€11.01M=
Reserves13€7.96M€7.01M▼
Non-distributable reserves130/1€84k€110k▲
Legal reserve130€84k€110k▲
Tax-exempt reserves132€7.14M€6.16M▼
Distributable reserves133€741k€741k=
Profit (loss) carried forward14€675k€1.18M▲
Provisions and deferred taxes16€6.39M€6.02M▼
Provisions for liabilities and charges160/5€4.01M€3.97M▼
Environmental obligations163€3.98M€3.95M▼
Other liabilities and charges164/5€32k€20k▼
Deferred taxes168€2.38M€2.05M▼
Amounts payable17/49€32.50M€28.84M▼
Amounts payable after more than one year17€2.68M€1.65M▼
Financial debts170/4€2.68M€1.65M▼
Credit institutions173€2.40M€1.65M▼
Other loans174€283k-
Amounts payable within one year42/48€29.00M€26.60M▼
Current portion of amounts payable after more than one year42€900k€887k▼
Financial debts43€11.15M€11.72M▲
Credit institutions430/8€11.15M€11.72M▲
Trade debts44€13.90M€11.08M▼
Suppliers440/4€13.90M€11.08M▼
Advances received on contracts in progress46€49k€43k▼
Taxes, remuneration and social security45€2.93M€2.82M▼
Taxes450/3€328k€400k▲
Remuneration and social security454/9€2.61M€2.42M▼
Other amounts payable47/48€68k€52k▼
Accrued charges and deferred income492/3€818k€584k▼
Income statement
Code20242025
Operating income70/76A€72.52M€69.17M▼
Turnover70€67.74M€66.65M▼
Change in stocks of work in progress, finished goods and contracts in progress71€9k€-704k▼
Own construction capitalised72€2.03M€2.16M▲
Other operating income74€1.48M€1.06M▼
Non-recurring operating income76A€1.26M-
Operating charges60/66A€69.21M€68.87M▼
Goods for resale, raw materials and consumables60€28.35M€29.85M▲
Purchases600/8€28.41M€29.89M▲
Change in stocks: decrease (increase)609€-59k€-45k▲
Services and other goods61€19.36M€17.47M▼
Remuneration, social security and pensions62€16.78M€16.22M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.64M€4.26M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-58k€20k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-25k-
Other operating charges640/8€759k€732k▼
Non-recurring operating charges66A€401k€321k▼
Operating profit (loss)9901€3.32M€301k▼
Financial income75/76B€252k€231k▼
Recurring financial income75€252k€231k▼
Income from current assets751€41k€72k▲
Other financial income752/9€211k€159k▼
Financial charges65/66B€963k€1.08M▲
Recurring financial charges65€963k€1.08M▲
Debt charges650€600k€559k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€496
Other financial charges652/9€363k€520k▲
Profit (loss) for the period before taxes9903€2.60M€-548k▼
Transfer from deferred taxes780€244k€327k▲
Transfer to deferred taxes680€283k-
Income taxes67/77€693k€231k▼
Taxes670/3€735k€291k▼
Tax adjustments and reversals of tax provisions77€42k€59k▲
Profit (loss) for the period9904€1.87M€-452k▼
Transfer from tax-exempt reserves789€732k€980k▲
Transfer to tax-exempt reserves689€848k-
Profit (loss) for the period to be appropriated9905€1.76M€527k▼
Appropriation of the result
Profit (loss) to be appropriated9906€710k€1.20M▲
Profit (loss) brought forward from the previous period14P€-1.05M€675k▲
Transfer to equity691/2€36k€26k▼
To the legal reserve6920€36k€26k▼
Social balance
Average headcount (FTE)9087163.1158.0▼
The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
27-03
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
18-03
State Gazette act
Board meeting · Permanent representative
Director resignation · Director appointment
2025
31-12
Financial
Weakest financial yearnet €-452k ▼124%
Net result drops to €-452k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
28-03
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €4.36M ▲526%
Operating result €6.55M, net result €4.36M, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €157k
Net result €157k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenburgsesteenweg 1008400 OostendeGround area
578 m²
Building footprint
288 m²
Volume, LiDAR
2,497 m³
Parcel 35026A0162/00K003, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Proviron Functional Chemicals
since 20092.180.113.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0162/00K003 | Flanders | 578 m² | 1 · 288 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared director
→
Shared director
→
Ownership & control
1 partyPROVIRON FUNCTIONAL CHEMICALSBE 0456.889.301
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 231,230 EUR awarded · 148,902 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 7,284 EUR | 32,284 EUR |
| 2024 | 2 | 144,039 EUR | 61,711 EUR |
| 2023 | 3 | 68,966 EUR | 43,966 EUR |
| 2022 | 2 | 10,941 EUR | 10,941 EUR |
Schemes
Ontwikkelingsproject
O&O-haalbaarheidsstudie
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedBiotechnologische en chemische technieken duaal (so)
Chemische procestechnieken duaal (so)
Legal Entity Identifier
549300GT0Y2ZVG0TE488
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Of 107 companies in sector 20140 we hold annual accounts for 93. 58 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1995
Fiscal year end31-12
Activities, NACEBEL
20140Manufacture of chemicals and chemical products
20130Manufacture of chemicals and chemical products
20590Manufacture of chemicals and chemical products
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
46120Wholesale trade
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:filip.beyers@proviron.com