Financials
Financial year 2024
PROVAN from Herk-de-Stad, company number BE0555871960, closed financial year 2024 with a result of € 171,329 after tax. For that financial year PROVAN recorded a gross margin of € 475,973 and equity of € 4.8 million. Compared with financial year 2023, the result moved from € 203,872 to € 171,329. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 4.8 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 171,329
▼ 16% vs 2023
Profit after tax over the fiscal year.
€ 413,312
▲ 34% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.5 million.
Debts at end 2024
€ 632,719
▼ 14% vs 2023
Loans from banks and other lenders, long and short.
€ 40,100
▲ 23% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 9,460
▼ 37% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 294,435 | € 520,899 | € 504,503 | € 475,973 | ▼ 6% |
| Profit after taxes | € 220,142 | € 163,026 | € 203,872 | € 171,329 | ▼ 16% |
| Equity | € 4,539,383 | € 4,702,409 | € 4,631,281 | € 4,802,609 | ▲ 4% |
| Total debts | € 1,235,082 | € 1,167,237 | € 1,381,407 | € 1,147,197 | ▼ 17% |
| Cash | € 200,657 | € 463,460 | € 308,436 | € 413,312 | ▲ 34% |
| Land & buildings | € 6,097,563 | € 5,843,108 | € 5,591,355 | € 5,336,566 | ▼ 5% |
| Retained profit | € 4,247,167 | € 4,410,193 | € 4,339,065 | € 4,510,394 | ▲ 4% |
| Dividend | € 0 | € 0 | € 275,000 | € 0 | ▼ 100% |
| Bank debt | € 927,283 | € 829,737 | € 731,546 | € 632,719 | ▼ 14% |
| Balance sheet total | € 6,309,127 | € 6,358,444 | € 6,455,621 | € 6,346,876 | ▼ 2% |
Key figures of PROVAN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PROVAN?
What happened at PROVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 171,329 (▼ 16% vs 2023). filed late Source: NBB ↗
- Nikolas Vandaele became a director. NBB
- Michel Vandaele became a director. NBB
- New establishment in Herk-de-Stad. KBO
- Start of the company according to the CBE. KBO
In short
From € 220,142 profit in 2021 to € 171,329 profit in 2024.
Paid € 307,971 in corporate taxes since 2021.
Best year ever: 2021, with € 220,142 profit.
Paid out € 275,000 in dividends to the owners in total.
Management
The stake of ODARVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROVANBehind PROVAN are Nikolas Vandaele and Michel Vandaele. The shares are held by ODARVA (100%).
Directors
According to the 2024 annual accounts
since 2020
since 2020
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vogelzangstraat 7
3540 Herk-de-Stad
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0555.871.960
- VAT number
- BE 0555.871.960
- Registered office
- Vogelzangstraat 7, 3540 Herk-de-Stad
- Names & denominations
- PROVAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2014
- Peppol
- Active · Active since 3 Jan 2026
- Contact
- 093694888
- Activities · NACE
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