Fluvius Riobra
ActiveSummary
For the legal form of Fluvius Riobra, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €260.96M and a net result of €1.31M. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 74% of 118 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy▼ -5 vs 2024
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-7
Solvency93▼-3
Growth51▼-15
Track record100
Credit verdict
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.6 against 3.24 in 2024; short-term debt: 7.7% and cash: 0% of total assets), and 31.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
36 d early
2023
35 d early
2022
27 d early
2021
34 d early
2020
17 d early
2019
36 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, full schema
Turnover
€22.11M▲ 12.8%
2024 · €19.61M
2018: €16.39M
2019: €16.35M
2020: €17.37M
2021: €17.90M
2022: €18.18M
2023: €19.32M
2024: €19.61M
2018 → 2025
EBIT margin
3.0%▼ 1.0pp
2024 · 4.0%
2018: 15.0%
2019: 8.5%
2020: 17.1%
2021: 9.6%
2022: 6.3%
2023: 6.6%
2024: 4.0%
2018 → 2025
Net result
€1.31M▼ 51.6%
2024 · €2.71M
2018: €2.67M
2019: €1.55M
2020: €3.21M
2021: €2.05M
2022: €1.62M
2023: €2.97M
2024: €2.71M
2018 → 2025
Working capital
€47.10M▼ 3.5%
2024 · €48.79M
2018: €19.75M
2019: €12.97M
2020: €33.42M
2021: €32.83M
2022: €12.97M
2023: €39.86M
2024: €48.79M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.90M-€18.18M▲ 1.5%€19.32M▲ 6.3%€19.61M▲ 1.5%€22.11M▲ 12.8%
Equity€225.92M-€226.01M=€235.42M▲ 4.2%€245.97M▲ 4.5%€260.96M▲ 6.1%
Operating result€1.72M-€1.14M▼ 33.9%€1.27M▲ 11.5%€786k▼ 38.0%€666k▼ 15.2%
Net result€2.05M-€1.62M▼ 21.2%€2.97M▲ 83.7%€2.71M▼ 8.8%€1.31M▼ 51.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383.25M
Fixed assets
€306.64M ▲ 11.7%
Current assets
€76.61M ▲ 8.6%
Equity and liabilities €383.25M
Equity
€260.96M ▲ 6.1%
Debt
€122.29M ▲ 23.4%
Debt's share of the balance-sheet total rises from 28.7% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9.38M▲
2024 · €9.04M
Cash flow
€10.03M▼
2024 · €10.97M
Current ratio
2.60▼
2024 · 3.24
Debt to equity
0.47▲
2024 · 0.40
ROE
0.5%▼
2024 · 1.1%
ROA
0.3%▼
2024 · 0.8%
Interest coverage
3.59▼
2024 · 4.79
Debt ≤ 1 year
€29.51M▲
2024 · €21.76M
Debt > 1 year
€91.30M▲
2024 · €76.28M
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€345.04M€383.25M▲
Fixed assets21/28€274.49M€306.64M▲
Intangible fixed assets21€2.26M€2.20M▼
Tangible fixed assets22/27€272.20M€304.40M▲
Land and buildings22€1.26M€1.64M▲
Plant, machinery and equipment23€211.42M€235.70M▲
Furniture and vehicles24€238k€576k▲
Leasing and similar rights25€0-
Assets under construction and advance payments27€59.27M€66.49M▲
Financial fixed assets28€35k€35k=
Companies linked by participating interests282/3€35k€35k=
Participating interests282€35k€35k=
Current assets29/58€70.55M€76.61M▲
Amounts receivable within one year40/41€70.55M€76.61M▲
Trade receivables40€172k€4.25M▲
Other amounts receivable41€70.38M€72.36M▲
Cash at bank and in hand54/58€1k€896▼
Equity and liabilities
Total equity and liabilities10/49€345.04M€383.25M▲
Equity10/15€245.97M€260.96M▲
Contributions10/11€152.73M€150.45M▼
Reserves13€23.20M€24.51M▲
Distributable reserves133€23.20M€24.51M▲
Investment grants15€70.03M€86.00M▲
Amounts payable17/49€99.08M€122.29M▲
Amounts payable after more than one year17€76.28M€91.30M▲
Financial debts170/4€76.28M€91.30M▲
Leasing and similar obligations172€0-
Credit institutions173€75.11M€90.13M▲
Other loans174€1.17M€1.17M=
Amounts payable within one year42/48€21.76M€29.51M▲
Current portion of amounts payable after more than one year42€1.96M€1.98M▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€5.07M▲
Suppliers440/4€1k€5.07M▲
Taxes, remuneration and social security45€238k€365k▲
Taxes450/3€238k€365k▲
Other amounts payable47/48€19.56M€22.09M▲
Accrued charges and deferred income492/3€1.04M€1.48M▲
Income statement
Code20242025
Operating income70/76A€19.69M€22.21M▲
Turnover70€19.61M€22.11M▲
Other operating income74€83k€94k▲
Operating charges60/66A€18.90M€21.54M▲
Services and other goods61€7.46M€10.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.25M€8.72M▲
Other operating charges640/8€3.19M€2.64M▼
Operating profit (loss)9901€786k€666k▼
Financial income75/76B€3.82M€3.27M▼
Recurring financial income75€3.82M€3.27M▼
Income from current assets751€2.50M€1.72M▼
Other financial income752/9€1.32M€1.55M▲
Financial charges65/66B€1.89M€2.62M▲
Recurring financial charges65€1.89M€2.62M▲
Debt charges650€1.89M€2.62M▲
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€2.71M€1.31M▼
Profit (loss) for the period9904€2.71M€1.31M▼
Profit (loss) for the period to be appropriated9905€2.71M€1.31M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.71M€1.31M▼
Transfer to equity691/2€2.71M€1.31M▼
To other reserves6921€2.71M€1.31M▼
The notes to these accounts (55 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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €1.31M ▼51.6%
Net result drops to €1.31M, the lowest in the series.
31-12
Financial
Equity above €250MEq €260.96M ▲6.1%
8 profitable years in a row build equity to €260.96M.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.40 to 2.83; short-term debt falls from €32.73M to €21.75M.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €3.21M ▲106%
Operating result €2.97M, net result €3.21M, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
28 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, Lubbeek
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.
Diestsesteenweg(LIN) 1263210 LubbeekGround area
2.0 ha
Building footprint
4,009 m²
Volume, LiDAR
35,035 m³
Parcel 24063B0187/00B000, Flanders · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063B0187/00B000 | Flanders | 2.0 ha | 1 · 4,009 m² | 17.4 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 · 27,710,475 EUR awarded · 15,020,476 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,692,811 EUR | 9,468,612 EUR |
| 2024 | 1 | 10,233,207 EUR | 4,234,499 EUR |
| 2023 | 1 | 3,353,055 EUR | 1,254,365 EUR |
| 2022 | 1 | 4,431,402 EUR | 63,000 EUR |
Schemes
Subsidie voor (her)aanleg riolering, KWZI's en IBA's
Recognitions · licences · registrations
Legal Entity Identifier
54930060X7VGAYBWQL55
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Of 362 companies in sector 37000 we hold annual accounts for 205. 9 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 formOpdrachthoudende vereniging (Vlaams Gewest)
Founded07-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
37000Sewerage
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.