REVADA
ActiveSummary
REVADA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €43,870. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 240 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+9
Solvency80▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.29 in 2023; short-term debt: 44.5% of total assets), and 44.6% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% 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 2024Solvency, return and age of the figures
Solvency
55.4%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-12-2024 was due by 28-07-2025 and was filed on 10-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
48 d early
2023
33 d early
2022
34 d early
2021
32 d early
2020
22 d early
2019
28 d late
2018
18 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 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.1m▲ 4.0%
2023 · €1.0m
Total assets
€1.9m▼ 46.6%
2023 · €3.6m
Net result
€43,870
2023 · -€63,478
Working capital
€991,528▲ 32.0%
2023 · €751,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, 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
Line20202021202220232024
Operating result€90,461€774,307▲ 756%€23,135▼ 97.0%-€39,713€78,928
Net result€120,055within the sector's middle half€760,680above the sector's middle half▲ 534%€14,696within the sector's middle half▼ 98.1%-€63,478below the sector's middle half€43,870within the sector's middle half
Equity€363,267within the sector's middle half▲ 82.8%€1.1mwithin the sector's middle half▲ 204%€1.1mwithin the sector's middle half▼ 0.1%€1.0mwithin the sector's middle half▼ 6.4%€1.1mwithin the sector's middle half▲ 4.0%
Total assets€2.4mwithin the sector's middle half▼ 23.1%€2.8mwithin the sector's middle half▲ 15.6%€2.8mwithin the sector's middle half▼ 1.9%€3.6mwithin the sector's middle half▲ 31.7%€1.9mwithin the sector's middle half▼ 46.6%
Debt€2.1m▼ 30.3%€1.7m▼ 17.2%€1.7m▼ 3.0%€2.6m▲ 57.2%€865,203▼ 66.7%
Working capital-€226,379▲ 61.1%€633,654€527,782▼ 16.7%€751,148▲ 42.3%€991,528▲ 32.0%
Solvency14.9%below the sector's middle half▲ 8.7pp39.3%within the sector's middle half▲ 24.4pp40.0%within the sector's middle half▲ 0.7pp28.4%within the sector's middle half▼ 11.6pp55.4%within the sector's middle half▲ 27.0pp
Staff (FTE)35.8above the sector's middle half▼ 10.9%42.7above the sector's middle half▲ 19.3%38.9above the sector's middle half▼ 8.9%45.6above the sector's middle half▲ 17.2%29.8above the sector's middle half▼ 34.6%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €78,928 after a loss of €39,713 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€85,022 ▼ 69.9%
Current assets
€1.9m ▼ 44.7%
Equity and liabilities €1.9m
Equity
€1.1m ▲ 4.0%
Debt
€865,203 ▼ 66.7%
Debt's share of the balance-sheet total falls from 71.6% to 44.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221,617▲
2023 · €184,575
Cash flow
€186,559▲
2023 · €160,811
Current ratio
2.15▲
2023 · 1.29
Quick ratio
2.15▲
2023 · 1.25
Debt to equity
0.81▼
2023 · 2.52
ROE
4.1%▲
2023 · -6.1%
ROA
2.3%▲
2023 · -1.7%
Interest coverage
7.88▲
2023 · 5.62
Debt ≤ 1 year
€863,275▼
2023 · €2.6m
Income taxes
€15,224▲
2023 · -€711
Staff costs
€1.8m▼
2023 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €593 | - | €4,066 | €157,036 | ▲ 3,762% |
| Remuneration, social security and pensions62 | - | €2.7m | €2.3m | €3.0m | €1.8m | ▼ 39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €586,926 | €467,986 | €335,870 | €224,288 | €142,689 | ▼ 36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,285 | - | - | -€32 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€8,531 | - | - | - | - |
| Other operating charges640/8 | - | €30,196 | €21,500 | €33,416 | €200,627 | ▲ 500% |
| Non-recurring operating charges66A | - | €11,072 | - | - | - | - |
| Gross operating margin9900 | €2.8m | €4.0m | €2.7m | €3.3m | €2.3m | ▼ 30.9% |
| Operating profit (loss)9901 | €90,461 | €774,307 | €23,135 | -€39,713 | €78,928 | ▲ 299% |
| Financial income75/76B | - | €18,510 | €16,089 | €8,359 | €8,279 | ▼ 1.0% |
| Recurring financial income75 | €64,775 | €18,510 | €16,089 | €8,359 | €8,279 | ▼ 1.0% |
| Financial charges65/66B | - | €20,719 | €9,215 | €32,835 | €28,113 | ▼ 14.4% |
| Recurring financial charges65 | €34,270 | €20,719 | €9,215 | €32,835 | €28,113 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €120,966 | €772,098 | €30,009 | -€64,188 | €59,094 | ▲ 192% |
| Income taxes67/77 | €911 | €11,418 | €15,313 | -€711 | €15,224 | ▲ 2,242% |
| Profit (loss) for the period9904 | €120,055 | €760,680 | €14,696 | -€63,478 | €43,870 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | -€94,902 | €760,680 | €14,696 | -€63,478 | €43,870 | ▲ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.8m | €2.8m | €3.6m | €1.9m | ▼ 46.6% |
| Fixed assets21/28 | €1.2m | €731,155 | €658,761 | €282,378 | €85,022 | ▼ 69.9% |
| Intangible fixed assets21 | €13,166 | €1,283 | €129 | - | - | - |
| Tangible fixed assets22/27 | €1.2m | €722,042 | €648,642 | €273,062 | €75,716 | ▼ 72.3% |
| Land and buildings22 | - | €2,833 | €2,833 | €2,833 | - | - |
| Plant, machinery and equipment23 | - | €225 | - | €547 | €980 | ▲ 79.2% |
| Furniture and vehicles24 | - | €196,741 | €160,612 | €183,204 | €74,737 | ▼ 59.2% |
| Leasing and similar rights25 | - | €522,243 | €223,881 | €86,479 | - | - |
| Assets under construction and advance payments27 | - | - | €261,316 | - | - | - |
| Financial fixed assets28 | €10,735 | €7,830 | €9,990 | €9,315 | €9,305 | ▼ 0.1% |
| Current assets29/58 | €1.2m | €2.1m | €2.1m | €3.4m | €1.9m | ▼ 44.7% |
| Stocks and contracts in progress3 | - | - | €145,370 | €104,610 | €2,835 | ▼ 97.3% |
| Stocks30/36 | - | - | €145,370 | €104,610 | €2,835 | ▼ 97.3% |
| Amounts receivable within one year40/41 | €1.2m | €2.0m | €1.9m | €3.2m | €1.8m | ▼ 43.3% |
| Trade receivables40 | - | €1.5m | €1.5m | €3.2m | €1.5m | ▼ 53.1% |
| Other amounts receivable41 | - | €452,603 | €361,466 | €21,683 | €321,614 | ▲ 1,383% |
| Cash at bank and in hand54/58 | €3,263 | €891 | €204 | - | - | - |
| Deferred charges and accrued income490/1 | - | €121,819 | €47,873 | €64,705 | €48,255 | ▼ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.8m | €2.8m | €3.6m | €1.9m | ▼ 46.6% |
| Equity10/15 | €363,267 | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 4.0% |
| Contributions10/11 | - | €672,500 | €672,500 | €672,500 | €672,500 | = |
| Reserves13 | €452,380 | €452,380 | €452,380 | €452,380 | €452,380 | = |
| Non-distributable reserves130/1 | - | €17,250 | €17,250 | €17,250 | €17,250 | = |
| Reserves not available under the articles1311 | - | €17,250 | €17,250 | €17,250 | €17,250 | = |
| Tax-exempt reserves132 | - | €435,130 | €435,130 | €435,130 | €435,130 | = |
| Profit (loss) carried forward14 | -€806,130 | -€45,451 | -€30,755 | -€94,232 | -€50,362 | ▲ 46.6% |
| Investment grants15 | - | €26,018 | €10,621 | €2,879 | €104 | ▼ 96.4% |
| Provisions and deferred taxes16 | €8,531 | - | - | - | - | - |
| Amounts payable17/49 | €2.1m | €1.7m | €1.7m | €2.6m | €865,203 | ▼ 66.7% |
| Amounts payable after more than one year17 | €600,512 | €259,361 | €81,797 | - | - | - |
| Financial debts170/4 | - | €259,361 | €81,797 | - | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.4m | €1.6m | €2.6m | €863,275 | ▼ 66.8% |
| Current portion of amounts payable after more than one year42 | - | €353,343 | €177,514 | €89,865 | - | - |
| Financial debts43 | - | €4,263 | €21,673 | €10,178 | - | - |
| Credit institutions430/8 | - | €4,263 | €21,673 | €10,178 | - | - |
| Trade debts44 | €551,073 | €542,629 | €1.0m | €1.4m | €482,456 | ▼ 65.4% |
| Suppliers440/4 | - | €542,629 | €1.0m | €1.4m | €482,456 | ▼ 65.4% |
| Taxes, remuneration and social security45 | - | €540,934 | €343,120 | €710,837 | €190,595 | ▼ 73.2% |
| Taxes450/3 | - | €165,385 | €51,560 | €253,617 | €32,110 | ▼ 87.3% |
| Remuneration and social security454/9 | - | €375,550 | €291,560 | €457,220 | €158,485 | ▼ 65.3% |
| Other amounts payable47/48 | - | €5,154 | €5,184 | €396,130 | €190,224 | ▼ 52.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,928 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,055 | €760,680 | €14,696 | -€63,478 | €43,870 | ▲ 169% |
| + Depreciation and write-downs630 | €586,926 | €467,986 | €335,870 | €224,288 | €142,689 | ▼ 36.4% |
| Operating cash flow (approximation) | €706,981 | €1.2m | €350,566 | €160,811 | €186,559 | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | -€451 | -€263,476 | €152,095 | €54,667 | ▼ 64.1% |
| Change in cash | - | -€2,372 | -€687 | - | - | - |
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
18-08
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Joachim Hoebeeck2 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Joachim Hoebeeck2 facts ▸
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Joachim Hoebeeck (permanent representative)
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-12
Financial
Back to profitnet €43,870
Net result €43,870 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €760,680 ▲534%
Operating result €774,307, net result €760,680, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲204%
2 profitable years in a row build equity to €1.1m.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €120,055
Net result €120,055 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €363,267 ▲82.8%
Equity rises from €198,694 to €363,267.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€510,332
Net result drops to -€510,332, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
KPMG Réviseurs d'Entreprises
CurrentStatutory auditor · since 18-08-2026 · perm. rep.: Joachim Hoebeeck
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
Ground area
4.5 ha
Building footprint
7,381 m²
Volume, LiDAR
73,204 m³
Parcel 44813A0163/00B000, Flanders · tallest building 21.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
REVADA
since 20072.177.041.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813A0163/00B000 | Flanders | 4.5 ha | 1 · 7,381 m² | 21.1 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| KPMG Réviseurs d'Entreprises |
|
Structure & network
Part of the group
DARLING INGREDIENTS INC.
16 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Darling Ingredients International Holding BV
- DARLING INGREDIENTS BELGIUM HOLDING
- REVADA
Highest known parent: Darling Ingredients International Holding BV. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
The accounts to 28-12-2024 list no holdings, and no other source names one.
According to the annual accounts to 28-12-2024 of REVADA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 15,762 EUR awarded · 15,762 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,207 EUR | 4,207 EUR |
| 2024 | 1 | 4,598 EUR | 4,598 EUR |
| 2023 | 1 | 3,882 EUR | 3,882 EUR |
| 2022 | 1 | 3,075 EUR | 3,075 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.177.041.274
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Of 279 companies in sector 38330 we hold annual accounts for 240. 181 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
Founded14-09-2005
Fiscal year end28-12
Activities, NACEBEL 2025
38330
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876036692
Also
9925:BE0876036692
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.