2RIVERS
ActiveSummary
2RIVERS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €870k and a net result of €405k. Equity is growing by ~81.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+9
Solvency50▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.04 in 2023; short-term debt: 55.3% and cash: 3.3% of total assets), and 75.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
24.9%
Return on assets
11.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2026, 335 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
335 d late
2023
92 d late
2022
31 d late
2021
46 d early
2020
26 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€870k▲ 87.0%
2023 · €465k
Total assets
€3.49M▲ 8.3%
2023 · €3.23M
Net result
€405k▲ 216%
2023 · €128k
Working capital
€663k▲ 633%
2023 · €90k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€224k€173k▼ 23.0%€193k▲ 12.0%€153k▼ 20.6%€426k▲ 178%
Net result€206k€158k▼ 23.0%€185k▲ 17.0%€128k▼ 30.9%€405k▲ 216%
Equity€-6k▲ 96.9%€152k€337k▲ 122%€465k▲ 38.0%€870k▲ 87.0%
Total assets€1.66M▲ 7.2%€1.96M▲ 17.7%€2.31M▲ 18.1%€3.23M▲ 39.7%€3.49M▲ 8.3%
Debt€1.67M▼ 5.0%€1.80M▲ 8.1%€1.97M▲ 9.3%€2.76M▲ 40.0%€2.62M▼ 5.0%
Working capital€-252k▲ 51.3%€-140k▲ 44.7%€-18k▲ 86.9%€90k€663k▲ 633%
Staff (FTE)12.1▼ 4.7%13.6▲ 12.4%15.3▲ 12.5%18.7▲ 22.2%14▼ 25.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 178% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.49M
Fixed assets
€900k ▼ 0.2%
Current assets
€2.59M ▲ 11.6%
Equity and liabilities €3.49M
Equity
€870k ▲ 87.0%
Debt
€2.62M ▼ 5.0%
Debt's share of the balance-sheet total falls from 85.6% to 75.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.01M▲
2023 · €698k
Cash flow
€988k▲
2023 · €672k
Current ratio
1.34▲
2023 · 1.04
Debt to equity
3.01▼
2023 · 5.93
ROE
46.5%▲
2023 · 27.5%
ROA
11.6%▲
2023 · 4.0%
Interest coverage
43.44▲
2023 · 28.57
Debt ≤ 1 year
€1.93M▼
2023 · €2.23M
Income taxes
€900▼
2023 · €2k
Staff costs
€1.25M▼
2023 · €1.48M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €966k | €1.13M | €1.48M | €1.25M | ▼ 15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €393k | €427k | €477k | €544k | €583k | ▲ 7.2% |
| Other operating charges640/8 | - | €2k | €9k | €1k | €608 | ▼ 53.9% |
| Non-recurring operating charges66A | - | - | - | €1k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.41M | €1.57M | €1.81M | €2.18M | €2.26M | ▲ 3.8% |
| Operating profit (loss)9901 | €224k | €173k | €193k | €153k | €426k | ▲ 178% |
| Financial income75/76B | - | €3k | €1k | €826 | €3k | ▲ 248% |
| Recurring financial income75 | €3k | €3k | €1k | €826 | €3k | ▲ 248% |
| Financial charges65/66B | - | €15k | €9k | €24k | €23k | ▼ 4.9% |
| Recurring financial charges65 | €21k | €15k | €9k | €24k | €23k | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €207k | €161k | €186k | €130k | €406k | ▲ 213% |
| Income taxes67/77 | €722 | €2k | €946 | €2k | €900 | ▼ 48.9% |
| Profit (loss) for the period9904 | €206k | €158k | €185k | €128k | €405k | ▲ 216% |
| Profit (loss) for the period to be appropriated9905 | €206k | €158k | €185k | €128k | €405k | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.66M | €1.96M | €2.31M | €3.23M | €3.49M | ▲ 8.3% |
| Fixed assets21/28 | €627k | €724k | €853k | €902k | €900k | ▼ 0.2% |
| Intangible fixed assets21 | €612k | €682k | €802k | €867k | €875k | ▲ 1.0% |
| Tangible fixed assets22/27 | €11k | €36k | €45k | €30k | €20k | ▼ 35.2% |
| Plant, machinery and equipment23 | - | €18k | €29k | €19k | €7k | ▼ 65.9% |
| Furniture and vehicles24 | - | €6k | €5k | €2k | €6k | ▲ 257% |
| Other tangible fixed assets26 | - | €13k | €12k | €9k | €7k | ▼ 28.6% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €1.03M | €1.23M | €1.46M | €2.32M | €2.59M | ▲ 11.6% |
| Amounts receivable within one year40/41 | €900k | €913k | €1.20M | €2.10M | €2.39M | ▲ 14.1% |
| Trade receivables40 | - | €891k | €1.13M | €1.50M | €1.52M | ▲ 1.7% |
| Other amounts receivable41 | - | €22k | €71k | €599k | €869k | ▲ 45.2% |
| Current investments50/53 | €22 | €22 | €22 | €22 | €21 | ▼ 4.7% |
| Cash at bank and in hand54/58 | €28k | €194k | €82k | €113k | €117k | ▲ 3.6% |
| Deferred charges and accrued income490/1 | - | €125k | €173k | €116k | €85k | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.66M | €1.96M | €2.31M | €3.23M | €3.49M | ▲ 8.3% |
| Equity10/15 | €-6k | €152k | €337k | €465k | €870k | ▲ 87.0% |
| Contributions10/11 | €1.42M | €1.42M | €1.42M | €1.42M | €1.42M | = |
| Capital10 | - | €1.42M | €1.42M | €1.42M | €1.42M | = |
| Issued capital100 | - | €1.42M | €1.42M | €1.42M | €1.42M | = |
| Profit (loss) carried forward14 | €-1.43M | €-1.27M | €-1.08M | €-955k | €-550k | ▲ 42.4% |
| Provisions and deferred taxes16 | - | - | €450 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €450 | €0 | - | - |
| Pensions and similar obligations160 | - | - | €450 | €0 | - | - |
| Amounts payable17/49 | €1.67M | €1.80M | €1.97M | €2.76M | €2.62M | ▼ 5.0% |
| Amounts payable after more than one year17 | €40k | €6k | €0 | - | - | - |
| Financial debts170/4 | - | €6k | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.29M | €1.37M | €1.48M | €2.23M | €1.93M | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €34k | €0 | - | - | - |
| Financial debts43 | - | - | - | €250k | €100k | ▼ 60.0% |
| Credit institutions430/8 | - | - | - | €250k | €100k | ▼ 60.0% |
| Trade debts44 | €113k | €93k | €299k | €311k | €146k | ▼ 53.2% |
| Suppliers440/4 | - | €93k | €299k | €311k | €146k | ▼ 53.2% |
| Taxes, remuneration and social security45 | - | €98k | €164k | €221k | €117k | ▼ 47.2% |
| Taxes450/3 | - | €277 | €45k | €28k | €277 | ▼ 99.0% |
| Remuneration and social security454/9 | - | €97k | €119k | €193k | €117k | ▼ 39.6% |
| Other amounts payable47/48 | - | €1.15M | €1.01M | €1.45M | €1.57M | ▲ 8.1% |
| Accrued charges and deferred income492/3 | - | €427k | €497k | €527k | €693k | ▲ 31.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €206k | €158k | €185k | €128k | €405k | ▲ 216% |
| + Depreciation and write-downs630 | €393k | €427k | €477k | €544k | €583k | ▲ 7.2% |
| Operating cash flow (approximation) | €599k | €586k | €662k | €672k | €988k | ▲ 47.0% |
| Investment in fixed assets (approximation) | - | €-524k | €-605k | €-594k | €-581k | ▲ 2.2% |
| Change in cash | - | €166k | €-112k | €31k | €4k | ▼ 86.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 335 days late
2024
31-12
Financial
Highest result since 2018net €405k ▲216%
Operating result €426k, net result €405k, both a record.
31-12
Financial
Equity above €500kEq €870k ▲87%
5 profitable years in a row build equity to €870k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €337k ▲122%
3 profitable years in a row build equity to €337k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €152k
2 profitable years in a row build equity to €152k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €206k
Net result €206k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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 2012
Ground area
2,277 m²
Building footprint
281 m²
Volume, LiDAR
4,129 m³
Parcel 44806F0399/00H000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
95
companies at this address
See who is registered here
1 establishment unit
Nieuwewandeling 62, 9000 Gent
since 20122.213.872.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0399/00H000 | Flanders | 2,277 m² | 1 · 281 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 16,403 EUR awarded · 16,403 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 767 EUR | 767 EUR |
| 2024 | 2 | 3,116 EUR | 3,116 EUR |
| 2023 | 1 | 7,471 EUR | 7,471 EUR |
| 2022 | 2 | 5,049 EUR | 5,049 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 925 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62100Computer programming
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.