R&V Systems
ActiveSummary
R&V Systems has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,000 and a net result of €43,397. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▼-15
Growth78=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 19.08 in 2024; short-term debt: 39.6% and cash: 7.5% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
60.4%
Return on assets
25.4%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
56 d early
2023
9 d late
2022
32 d early
2021
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€103,000▼ 22.0%
2024 · €132,096
Total assets
€170,615▲ 23.1%
2024 · €138,619
Net result
€43,397▼ 4.5%
2024 · €45,443
Working capital
€96,958▼ 17.8%
2024 · €117,953
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,922-€38,862▲ 179%€58,065▲ 49.4%€59,205▲ 2.0%€54,131▼ 8.6%
Net result€10,026within the sector's middle half-€29,351above the sector's middle half▲ 193%€44,276above the sector's middle half▲ 50.9%€45,443above the sector's middle half▲ 2.6%€43,397above the sector's middle half▼ 4.5%
Equity€13,026within the sector's middle half-€42,376within the sector's middle half▲ 225%€86,653within the sector's middle half▲ 104%€132,096within the sector's middle half▲ 52.4%€103,000within the sector's middle half▼ 22.0%
Total assets€49,550below the sector's middle half-€58,910below the sector's middle half▲ 18.9%€127,949within the sector's middle half▲ 117%€138,619within the sector's middle half▲ 8.3%€170,615within the sector's middle half▲ 23.1%
Debt€36,524-€16,534▼ 54.7%€41,297▲ 150%€6,523▼ 84.2%€67,615▲ 937%
Working capital-€6,476below the sector's middle half-€16,010within the sector's middle half€64,410within the sector's middle half▲ 302%€117,953within the sector's middle half▲ 83.1%€96,958within the sector's middle half▼ 17.8%
Solvency26.3%within the sector's middle half-71.9%above the sector's middle half▲ 45.6pp67.7%within the sector's middle half▼ 4.2pp95.3%above the sector's middle half▲ 27.6pp60.4%within the sector's middle half▼ 34.9pp
Current ratio0.75below the sector's middle half-2.27within the sector's middle half▲ 1.532.56within the sector's middle half▲ 0.2819.08above the sector's middle half▲ 16.522.43within the sector's middle half▼ 16.65
Return on assets (ROA)20.2%above the sector's middle half-49.8%above the sector's middle half▲ 29.6pp34.6%above the sector's middle half▼ 15.2pp32.8%above the sector's middle half▼ 1.8pp25.4%above the sector's middle half▼ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170,615
Fixed assets
€6,042 ▼ 57.3%
Current assets
€164,572 ▲ 32.2%
Equity and liabilities €170,615
Equity
€103,000 ▼ 22.0%
Debt
€67,615 ▲ 937%
Debt's share of the balance-sheet total rises from 4.7% to 39.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62,231▼
2024 · €67,305
Cash flow
€51,497▼
2024 · €53,543
Debt to equity
0.66▲
2024 · 0.05
ROE
42.1%▲
2024 · 34.4%
Interest coverage
391.79▲
2024 · 385.77
Debt ≤ 1 year
€67,615▲
2024 · €6,523
Income taxes
€16,385▲
2024 · €13,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,304 | €6,853 | €8,100 | €8,100 | €8,100 | = |
| Other operating charges640/8 | - | €434 | €1,908 | €886 | €811 | ▼ 8.5% |
| Gross operating margin9900 | €17,226 | €46,149 | €68,073 | €68,191 | €63,043 | ▼ 7.6% |
| Operating profit (loss)9901 | €13,922 | €38,862 | €58,065 | €59,205 | €54,131 | ▼ 8.6% |
| Financial income75/76B | €0 | €0 | €0 | €123 | €5,810 | ▲ 4,608% |
| Recurring financial income75 | €0 | €0 | €0 | €123 | €5,810 | ▲ 4,608% |
| Financial charges65/66B | €435 | €462 | €393 | €174 | €159 | ▼ 9.0% |
| Recurring financial charges65 | €435 | €462 | €393 | €174 | €159 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €13,487 | €38,400 | €57,672 | €59,154 | €59,782 | ▲ 1.1% |
| Income taxes67/77 | €3,462 | €9,049 | €13,395 | €13,711 | €16,385 | ▲ 19.5% |
| Profit (loss) for the period9904 | €10,026 | €29,351 | €44,276 | €45,443 | €43,397 | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €10,026 | €29,351 | €44,276 | €45,443 | €43,397 | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,550 | €58,910 | €127,949 | €138,619 | €170,615 | ▲ 23.1% |
| Fixed assets21/28 | €30,196 | €30,342 | €22,242 | €14,142 | €6,042 | ▼ 57.3% |
| Tangible fixed assets22/27 | €30,196 | €30,342 | €22,242 | €14,142 | €6,042 | ▼ 57.3% |
| Furniture and vehicles24 | €30,196 | €30,342 | €22,242 | €14,142 | €6,042 | ▼ 57.3% |
| Current assets29/58 | €19,354 | €28,568 | €105,707 | €124,476 | €164,572 | ▲ 32.2% |
| Amounts receivable within one year40/41 | €13,107 | €22,223 | €27,174 | €20,347 | €49,315 | ▲ 142% |
| Trade receivables40 | €6,917 | €13,294 | €25,310 | €20,020 | €32,052 | ▲ 60.1% |
| Other amounts receivable41 | €6,191 | €8,929 | €1,864 | €326 | €17,263 | ▲ 5,188% |
| Current investments50/53 | - | - | - | €55,000 | €102,250 | ▲ 85.9% |
| Cash at bank and in hand54/58 | €5,478 | €5,597 | €78,532 | €49,130 | €12,724 | ▼ 74.1% |
| Deferred charges and accrued income490/1 | €769 | €748 | - | - | €283 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,550 | €58,910 | €127,949 | €138,619 | €170,615 | ▲ 23.1% |
| Equity10/15 | €13,026 | €42,376 | €86,653 | €132,096 | €103,000 | ▼ 22.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €10,026 | €39,376 | €83,653 | €129,096 | €100,000 | ▼ 22.5% |
| Amounts payable17/49 | €36,524 | €16,534 | €41,297 | €6,523 | €67,615 | ▲ 937% |
| Amounts payable after more than one year17 | €10,694 | €3,976 | - | - | - | - |
| Financial debts170/4 | €10,694 | €3,976 | - | - | - | - |
| Amounts payable within one year42/48 | €25,830 | €12,558 | €41,297 | €6,523 | €67,615 | ▲ 937% |
| Current portion of amounts payable after more than one year42 | €6,595 | €6,718 | €3,976 | - | - | - |
| Trade debts44 | €439 | €457 | €33,041 | €1,710 | €24,316 | ▲ 1,322% |
| Suppliers440/4 | €439 | €457 | €33,041 | €1,710 | €24,316 | ▲ 1,322% |
| Taxes, remuneration and social security45 | €3,462 | - | €4,279 | €3,776 | €6,143 | ▲ 62.7% |
| Taxes450/3 | €3,462 | - | €4,279 | €3,776 | €6,143 | ▲ 62.7% |
| Other amounts payable47/48 | €15,335 | €5,383 | - | €1,037 | €37,156 | ▲ 3,484% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,026 | €29,351 | €44,276 | €45,443 | €43,397 | ▼ 4.5% |
| + Depreciation and write-downs630 | €3,304 | €6,853 | €8,100 | €8,100 | €8,100 | = |
| Operating cash flow (approximation) | €13,330 | €36,204 | €52,376 | €53,543 | €51,497 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | -€7,000 | €0 | €0 | €0 | - |
| Change in cash | - | €120 | €72,935 | -€29,403 | -€36,406 | ▼ 23.8% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €45,443 ▲2.6%
Operating result €59,205, net result €45,443, both a record.
31-12
Financial
Liquidity times 7current ratio 19.08
Current ratio from 2.56 to 19.08; short-term debt falls from €41,297 to €6,523.
31-12
Financial
Equity above €100,000Eq €132,096 ▲52.4%
4 profitable years in a row build equity to €132,096.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.27
Current ratio from 0.75 to 2.27; short-term debt falls from €25,830 to €12,558.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Meise · 1 establishment unit since 2021
Ground area
1,820 m²
Building footprint
105 m²
Volume, LiDAR
544 m³
Parcel 23093B0508/00A002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R&V Systems
since 20212.314.358.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0508/00A002 | Flanders | 1,819 m² | 1 · 105 m² | 7.8 m · 2 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.
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 486 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
Founded18-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761745552
Also
9925:BE0761745552
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.