PROVAD
ActiveSummary
PROVAD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €-166k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-9
Solvency71▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.02 in 2024; short-term debt: 54% and cash: 13.7% of total assets), but 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
46%
Return on assets
-6.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-166k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
22 d early
2023
23 d early
2022
27 d early
2021
20 d early
2020
16 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.12M▼ 12.9%
2024 · €1.28M
2018: €837k
2019: €718k
2020: €685k
2021: €559k
2022: €989k
2023: €1.31M
2024: €1.28M
2018 → 2025
Total assets
€2.43M▼ 2.8%
2024 · €2.50M
2018: €1.32M
2019: €1.49M
2020: €1.42M
2021: €1.57M
2022: €2.46M
2023: €2.64M
2024: €2.50M
2018 → 2025
Net result
€-166k▼ 480%
2024 · €-29k
2018: €126k
2019: €-118k
2020: €-33k
2021: €-126k
2022: €430k
2023: €323k
2024: €-29k
2018 → 2025
Working capital
€1.07M▼ 13.3%
2024 · €1.24M
2018: €780k
2019: €635k
2020: €603k
2021: €401k
2022: €862k
2023: €1.21M
2024: €1.24M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€559k-€989k▲ 76.9%€1.31M▲ 32.6%€1.28M▼ 2.2%€1.12M▼ 12.9%
Operating result€-120k-€563k€480k▼ 14.7%€-42k€-146k▼ 246%
Net result€-126k-€430k€323k▼ 24.9%€-29k€-166k▼ 480%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €146k in 2025 against €42k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€45k ▼ 2.8%
Current assets
€2.38M ▼ 2.8%
Equity and liabilities €2.43M
Equity
€1.12M ▼ 12.9%
Debt
€1.31M ▲ 7.9%
Debt's share of the balance-sheet total rises from 48.6% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-120k▼
2024 · €9k
Cash flow
€-140k▼
2024 · €23k
Current ratio
1.82▼
2024 · 2.02
Quick ratio
0.78▼
2024 · 1.27
Debt to equity
1.17▲
2024 · 0.95
ROE
-14.9%▼
2024 · -2.2%
ROA
-6.8%▼
2024 · -1.1%
Interest coverage
-2.64▼
2024 · 0.18
Debt ≤ 1 year
€1.31M▲
2024 · €1.22M
Income taxes
€603▲
2024 · €577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.50M€2.43M▼
Fixed assets21/28€46k€45k▼
Intangible fixed assets21€90-
Tangible fixed assets22/27€45k€44k▼
Plant, machinery and equipment23€23k€34k▲
Furniture and vehicles24€23k€11k▼
Financial fixed assets28€1k€500▼
Current assets29/58€2.45M€2.38M▼
Stocks and contracts in progress3€912k€1.36M▲
Stocks30/36€824k€1.36M▲
Contracts in progress37€88k-
Amounts receivable within one year40/41€870k€665k▼
Trade receivables40€4k€351k▲
Other amounts receivable41€865k€314k▼
Cash at bank and in hand54/58€642k€334k▼
Deferred charges and accrued income490/1€29k€26k▼
Equity and liabilities
Total equity and liabilities10/49€2.50M€2.43M▼
Equity10/15€1.28M€1.12M▼
Contributions10/11€375k€375k=
Reserves13€937k€937k=
Distributable reserves133€937k€937k=
Profit (loss) carried forward14€-29k€-195k▼
Amounts payable17/49€1.22M€1.31M▲
Amounts payable within one year42/48€1.22M€1.31M▲
Trade debts44€68k€87k▲
Suppliers440/4€68k€87k▲
Taxes, remuneration and social security45€36k€93k▲
Taxes450/3€32k€89k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€1.11M€1.13M▲
Accrued charges and deferred income492/3€135€144▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€26k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€11k€-115k▼
Operating profit (loss)9901€-42k€-146k▼
Financial income75/76B€67k€26k▼
Recurring financial income75€67k€26k▼
Financial charges65/66B€53k€45k▼
Recurring financial charges65€53k€45k▼
Profit (loss) for the period before taxes9903€-28k€-165k▼
Income taxes67/77€577€603▲
Profit (loss) for the period9904€-29k€-166k▼
Profit (loss) for the period to be appropriated9905€-29k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-195k▼
Profit (loss) brought forward from the previous period14P-€-29k
The notes to these accounts (15 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.31M ▲32.6%
2 profitable years in a row build equity to €1.31M.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €430k
Net result €430k after 3 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brecht · 1 establishment unit since 2002
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.
Schotensteenweg 762960 BrechtGround area
980 m²
Building footprint
86 m²
Volume, LiDAR
571 m³
Parcel 11009M0073/00X003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Provad
since 20022.101.883.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0073/00X003 | Flanders | 980 m² | 1 · 86 m² | 10.3 m · 2 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 · 2 entries · 214 EUR awarded · 214 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 143 EUR | 143 EUR |
| 2022 | 1 | 71 EUR | 71 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BOUWONDERNEMING DEPREZ
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MSP Bois
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 6,018 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42130Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.