BK RIVE
ActiveSummary
The computed 12-month bankruptcy probability of BK RIVE is 2.7% (moderate). The 2025 annual accounts show negative equity (-€116,303) and a net result of -€82,128. Equity is shrinking by ~55.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 3728 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-24
Solvency0▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.12 in 2024; short-term debt: 95.1% and cash: 67.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
-19.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€116,303
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 29-06-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
6 d early
2022
25 d early
2021
33 d early
2020
33 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€82,128▼ 735%
2024 · -€9,842
Working capital
-€18,827
2024 · €50,084
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
Line20212022202320242025
Operating result€47,379-€38,108-€55,552▼ 45.8%€2,278-€68,184
Net result€35,168-€46,589-€68,953▼ 48.0%-€9,842▲ 85.7%-€82,128▼ 735%
Equity€91,210▲ 62.8%€44,620▼ 51.1%-€24,333-€34,175▼ 40.4%-€116,303▼ 240%
Total assets€1.1m▲ 1.1%€1.0m▼ 9.0%€823,279▼ 19.6%€658,070▼ 20.1%€425,500▼ 35.3%
Debt€1.0m▼ 2.2%€978,973▼ 5.2%€847,611▼ 13.4%€692,245▼ 18.3%€541,803▼ 21.7%
Working capital€138,352▲ 65.0%€108,337▼ 21.7%€57,483▼ 46.9%€50,084▼ 12.9%-€18,827
Staff (FTE)11.6▼ 14.1%12.1▲ 4.3%13.6▲ 12.4%14.4▲ 5.9%9▼ 37.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €68,184 after €2,278 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €424,434
Fixed assets
€38,770 ▼ 78.5%
Current assets
€385,664 ▼ 18.1%
Key figures and ratios
EBITDA
€79,340▼
2024 · €148,251
Cash flow
€65,395▼
2024 · €136,132
Solvency
-27.3%▼
2024 · -5.2%
Current ratio
0.95▼
2024 · 1.12
Quick ratio
0.90▼
2024 · 1.09
Debt to equity
-4.66▲
2024 · -20.26
ROA
-19.3%▼
2024 · -1.5%
Interest coverage
5.15▼
2024 · 11.89
Debt ≤ 1 year
€404,492▼
2024 · €420,628
Debt > 1 year
€121,311▼
2024 · €254,817
Staff costs
€410,168▼
2024 · €533,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €338,855 | €451,003 | €529,523 | €533,612 | €410,168 | ▼ 23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,098 | €145,280 | €145,655 | €145,973 | €147,523 | ▲ 1.1% |
| Other operating charges640/8 | €16,533 | €13,683 | €26,538 | €16,847 | €15,467 | ▼ 8.2% |
| Gross operating margin9900 | €548,865 | €571,858 | €646,164 | €698,710 | €504,974 | ▼ 27.7% |
| Operating profit (loss)9901 | €47,379 | -€38,108 | -€55,552 | €2,278 | -€68,184 | ▼ 3,094% |
| Financial income75/76B | - | €778 | €1,293 | €354 | €1,460 | ▲ 312% |
| Recurring financial income75 | - | €778 | €1,293 | €354 | €1,460 | ▲ 312% |
| Financial charges65/66B | €12,207 | €9,260 | €14,694 | €12,473 | €15,405 | ▲ 23.5% |
| Recurring financial charges65 | €12,207 | €9,260 | €14,694 | €12,473 | €15,405 | ▲ 23.5% |
| Profit (loss) for the period before taxes9903 | €35,173 | -€46,589 | -€68,953 | -€9,842 | -€82,128 | ▼ 735% |
| Income taxes67/77 | €5 | - | - | - | - | - |
| Profit (loss) for the period9904 | €35,168 | -€46,589 | -€68,953 | -€9,842 | -€82,128 | ▼ 735% |
| Profit (loss) for the period to be appropriated9905 | €35,168 | -€46,589 | -€68,953 | -€9,842 | -€82,128 | ▼ 735% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €823,279 | €658,070 | €425,500 | ▼ 35.3% |
| Formation expenses20 | €26,517 | €20,154 | €13,791 | €7,429 | €1,065 | ▼ 85.7% |
| Fixed assets21/28 | €586,476 | €447,559 | €309,516 | €179,930 | €38,770 | ▼ 78.5% |
| Intangible fixed assets21 | €13,891 | €10,558 | €7,225 | €3,892 | €558 | ▼ 85.7% |
| Tangible fixed assets22/27 | €572,585 | €437,001 | €302,291 | €176,039 | €38,212 | ▼ 78.3% |
| Land and buildings22 | €547,282 | €415,951 | €284,620 | €153,288 | €21,949 | ▼ 85.7% |
| Plant, machinery and equipment23 | €15,582 | €13,878 | €12,173 | €19,802 | €15,864 | ▼ 19.9% |
| Furniture and vehicles24 | €9,721 | €7,172 | €5,499 | €2,949 | €399 | ▼ 86.5% |
| Current assets29/58 | €511,381 | €555,880 | €499,971 | €470,712 | €385,664 | ▼ 18.1% |
| Stocks and contracts in progress3 | €20,575 | €20,264 | €15,247 | €14,144 | €20,709 | ▲ 46.4% |
| Stocks30/36 | €20,575 | €20,264 | €15,247 | €14,144 | €20,709 | ▲ 46.4% |
| Amounts receivable within one year40/41 | €84,768 | €15,432 | €19,453 | €4,452 | €67,903 | ▲ 1,425% |
| Trade receivables40 | €46,572 | €560 | €15,450 | €148 | €67,797 | ▲ 45,864% |
| Other amounts receivable41 | €38,196 | €14,873 | €4,003 | €4,305 | €106 | ▼ 97.5% |
| Cash at bank and in hand54/58 | €399,648 | €511,899 | €456,091 | €441,350 | €288,569 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | €6,389 | €8,285 | €9,180 | €10,766 | €8,483 | ▼ 21.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €823,279 | €658,070 | €425,500 | ▼ 35.3% |
| Equity10/15 | €91,210 | €44,620 | -€24,333 | -€34,175 | -€116,303 | ▼ 240% |
| Contributions10/11 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | €3,010 | €3,010 | €3,010 | €3,010 | €3,010 | = |
| Non-distributable reserves130/1 | €3,010 | €3,010 | €3,010 | €3,010 | - | - |
| Reserves not available under the articles1311 | €3,010 | €3,010 | €3,010 | €3,010 | - | - |
| Distributable reserves133 | - | - | - | - | €3,010 | - |
| Profit (loss) carried forward14 | -€31,800 | -€78,390 | -€147,343 | -€157,185 | -€239,313 | ▼ 52.2% |
| Amounts payable17/49 | €1.0m | €978,973 | €847,611 | €692,245 | €541,803 | ▼ 21.7% |
| Amounts payable after more than one year17 | €655,336 | €521,830 | €388,323 | €254,817 | €121,311 | ▼ 52.4% |
| Financial debts170/4 | €655,336 | €521,830 | €388,323 | €254,817 | €121,311 | ▼ 52.4% |
| Amounts payable within one year42/48 | €373,028 | €447,543 | €442,488 | €420,628 | €404,492 | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | €133,506 | €122,323 | €122,214 | €133,506 | €163,506 | ▲ 22.5% |
| Financial debts43 | €44,003 | €44,003 | €44,003 | €44,003 | €14,003 | ▼ 68.2% |
| Credit institutions430/8 | €44,003 | €44,003 | €44,003 | €44,003 | €14,003 | ▼ 68.2% |
| Trade debts44 | €127,706 | €173,092 | €142,586 | €114,178 | €133,342 | ▲ 16.8% |
| Suppliers440/4 | €127,706 | €173,092 | €142,586 | €114,178 | €133,342 | ▲ 16.8% |
| Taxes, remuneration and social security45 | €66,007 | €68,504 | €79,165 | €73,398 | €53,382 | ▼ 27.3% |
| Taxes450/3 | €16,295 | €11,529 | €11,814 | €11,620 | €6,146 | ▼ 47.1% |
| Remuneration and social security454/9 | €49,712 | €56,975 | €67,352 | €61,778 | €47,236 | ▼ 23.5% |
| Other amounts payable47/48 | €1,806 | €39,621 | €54,520 | €55,543 | €40,258 | ▼ 27.5% |
| Accrued charges and deferred income492/3 | €4,800 | €9,600 | €16,800 | €16,800 | €16,000 | ▼ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,168 | -€46,589 | -€68,953 | -€9,842 | -€82,128 | ▼ 735% |
| + Depreciation and write-downs630 | €146,098 | €145,280 | €145,655 | €145,973 | €147,523 | ▲ 1.1% |
| Operating cash flow (approximation) | €181,265 | €98,691 | €76,702 | €136,132 | €65,395 | ▼ 52.0% |
| Investment in fixed assets (approximation) | - | -€6,363 | -€7,613 | -€16,388 | -€6,363 | ▲ 61.2% |
| Change in cash | - | €112,251 | -€55,807 | -€14,741 | -€152,781 | ▼ 936% |
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
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €35,168
Net result €35,168 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€122,974
Net result drops to -€122,974, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €56,990 ▲2,713%
Operating result €67,601, net result €56,990, both a record.
31-12
Financial
Equity above €150,000Eq €179,016 ▲46.7%
2 profitable years in a row build equity to €179,016.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Charleroi · 1 establishment unit since 2017
Ground area
27 m²
Parcel 52011D0126/02S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BK RIVE (Burger King)
since 20172.263.742.547
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0126/02S000indicative | Wallonia | 27 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.263.742.547
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,451. 9,783 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.