PVO PROJECTS
ActivePVO PROJECTS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €53k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+18
Solvency34▲+5
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.41 against 2.36 in 2024; short-term debt: 29.7% and cash: 5.8% of total assets), and 91.3% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
8.7%
Return on assets
5.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €80k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
33 d early
2023
24 d late
2022
26 d early
2021
1 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▲ 188%
2024 · €28k
2021: €45k
2022: €-5k
2023: €31k
2024: €28k
2021 → 2025
Total assets
€923k▲ 25.2%
2024 · €737k
2021: €134k
2022: €679k
2023: €715k
2024: €737k
2021 → 2025
Net result
€53k
2024 · €-3k
2021: €44k
2022: €-51k
2023: €36k
2024: €-3k
2021 → 2025
Working capital
€-161k
2024 · €73k
2021: €15k
2022: €30k
2023: €81k
2024: €73k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€-5k€31k€28k▼ 9.5%€80k▲ 188%
Operating result€61k-€-52k€53k€16k▼ 69.1%€28k▲ 70.6%
Net result€44k-€-51k€36k€-3k€53k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 71% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €923k
Fixed assets
€810k▲ 32.5%
Current assets
€113k▼ 10.5%
Equity and liabilities €923k
Equity
€80k▲ 188%
Debt
€842k▲ 18.8%
The debt ratio falls from 96.2% to 91.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▲
2024 · €43k
Cash flow
€87k▲
2024 · €24k
Solvency
8.7%▲
2024 · 3.8%
Current ratio
0.41▼
2024 · 2.36
Quick ratio
0.41▼
2024 · 2.36
Debt / equity
10.47▼
2024 · 25.38
ROE
66.3%▲
2024 · -10.5%
ROA
5.8%▲
2024 · -0.4%
Interest coverage
3.43▲
2024 · 2.25
Debt
€842k▲
2024 · €709k
Debt ≤ 1 year
€274k▲
2024 · €53k
Debt > 1 year
€567k▼
2024 · €654k
Income taxes
€10k▲
2024 · €2k
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€737k€923k▲
Fixed assets21/28€611k€810k▲
Tangible fixed assets22/27€581k€633k▲
Land and buildings22€545k€609k▲
Plant, machinery and equipment23€228€768▲
Furniture and vehicles24€35k€23k▼
Financial fixed assets28€30k€177k▲
Current assets29/58€126k€113k▼
Amounts receivable within one year40/41€82k€57k▼
Trade receivables40€9k€17k▲
Other amounts receivable41€73k€40k▼
Cash at bank and in hand54/58€44k€53k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€737k€923k▲
Equity10/15€28k€80k▲
Contributions10/11€1k€1k=
Reserves13€44k€79k▲
Distributable reserves133€44k€79k▲
Profit (loss) carried forward14€-17k€44▲
Amounts payable17/49€709k€842k▲
Amounts payable after more than one year17€654k€567k▼
Financial debts170/4€446k€567k▲
Other amounts payable178/9€208k-
Amounts payable within one year42/48€53k€274k▲
Current portion of amounts payable after more than one year42€37k€38k▲
Financial debts43€3k-
Other loans439€3k-
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€6k€20k▲
Taxes450/3€6k€20k▲
Other amounts payable47/48-€212k
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€34k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€47k€65k▲
Operating profit (loss)9901€16k€28k▲
Financial income75/76B€2k€53k▲
Recurring financial income75€2k€53k▲
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€-768€63k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€-3k€53k▲
Profit (loss) for the period to be appropriated9905€-3k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€36k▲
Profit (loss) brought forward from the previous period14P€-14k€-17k▼
Transfer to equity691/2-€35k
To other reserves6921-€35k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (11 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-51k ▼215%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2020
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.
Oudenaardsesteenweg 429000 GentGround area
618 m²
Building footprint
206 m²
Volume, LiDAR
1,661 m³
Parcel 44809I0539/00N003, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PVO PROJECTS
since 20202.306.758.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0539/00N003 | Flanders | 618 m² | 1 · 206 m² | 13.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,212 EUR awarded · 1,422 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 927 EUR | 927 EUR |
| 2024 | 1 | 96 EUR | 96 EUR |
| 2023 | 1 | 0 EUR | 210 EUR |
| 2022 | 1 | 189 EUR | 189 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.