REVIVERE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 5 filings
Turnover
≈ €120,000
Estimated: probably between €62,000 and €270,000
Total assets
€28,096▲ 93.8%
2024 · €14,499
Net result
€10,065▲ 188%
2024 · €3,490
Working capital
€6,094
2024 · -€3,923
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€10,132
▲ 183%
2025
20212025
Net result
€10,065
▲ 188%
2025
middle half of the sector
20212025
Equity
€10,248
▲ 56×
2025
middle half of the sector
20212025
Total assets
€28,096
▲ 93.8%
2025
lowest quarter of the sector
20212025
Debt
€17,848
▲ 24.7%
2025
20212025
Working capital
€6,094
2025
middle half of the sector
20212025
Solvency
36.5%
▲ 35.2pp
2025
middle half of the sector
20212025
Current ratio
1.34
▲ 0.62
2025
middle half of the sector
20212025
Return on assets (ROA)
35.8%
▲ 11.8pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,810--€14,994-€5,744▲ 61.7%€3,575€10,132▲ 183%
Net result€2,641within the sector's middle half--€15,079below the sector's middle half-€5,869within the sector's middle half▲ 61.1%€3,490within the sector's middle half€10,065within the sector's middle half▲ 188%
Equity€17,641within the sector's middle half-€2,562within the sector's middle half▼ 85.5%-€3,306within the sector's middle half€183within the sector's middle half€10,248within the sector's middle half▲ 56×
Total assets€24,291below the sector's middle half-€16,602below the sector's middle half▼ 31.7%€14,325below the sector's middle half▼ 13.7%€14,499below the sector's middle half▲ 1.2%€28,096below the sector's middle half▲ 93.8%
Debt€6,649-€14,040▲ 111%€17,631▲ 25.6%€14,316▼ 18.8%€17,848▲ 24.7%
Working capital€7,136within the sector's middle half--€5,305within the sector's middle half-€8,535within the sector's middle half▼ 60.9%-€3,923within the sector's middle half▲ 54.0%€6,094within the sector's middle half
Solvency72.6%above the sector's middle half-15.4%within the sector's middle half▼ 57.2pp-23.1%below the sector's middle half▼ 38.5pp1.3%within the sector's middle half▲ 24.3pp36.5%within the sector's middle half▲ 35.2pp
Current ratio2.07within the sector's middle half-0.62within the sector's middle half▼ 1.450.52within the sector's middle half▼ 0.110.72within the sector's middle half▲ 0.211.34within the sector's middle half▲ 0.62
Return on assets (ROA)10.9%within the sector's middle half--90.8%below the sector's middle half▼ 101.7pp-41.0%below the sector's middle half▲ 49.9pp24.1%above the sector's middle half▲ 65.0pp35.8%above the sector's middle half▲ 11.8pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 183% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,096
Fixed assets
€4,155 ▼ 1.2%
Current assets
€23,942 ▲ 133%
Equity and liabilities €28,096
Equity
€10,248 ▲ 56×
Debt
€17,848 ▲ 24.7%
Debt's share of the balance-sheet total falls from 98.7% to 63.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,782▲
2024 · €6,245
Cash flow
€11,715▲
2024 · €6,159
Quick ratio
1.18▲
2024 · 0.49
Debt to equity
1.74
ROE
98.2%
Interest coverage
over 100▲
2024 · 72.09
Debt ≤ 1 year
€17,848▲
2024 · €14,218
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,998 | - | - | €1,645 | €1,600 |
| Intangible fixed assets | €10,000 | - | - | - | - |
| Financial fixed assets | €1,200 | - | - | - | - |
| Depreciation and write-downs of the year | €3,648 | €2,638 | €2,638 | €2,670 | €1,650 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,648 | €2,638 | €2,638 | €2,670 | €1,650 | ▼ 38.2% |
| Other operating charges640/8 | €1,651 | €568 | €384 | €436 | €447 | ▲ 2.5% |
| Gross operating margin9900 | €8,109 | -€11,788 | -€2,721 | €6,680 | €12,229 | ▲ 83.1% |
| Operating profit (loss)9901 | €2,810 | -€14,994 | -€5,744 | €3,575 | €10,132 | ▲ 183% |
| Financial income75/76B | €1 | €0 | - | €1 | €1 | ▲ 22.4% |
| Recurring financial income75 | €1 | €0 | - | €1 | €1 | ▲ 22.4% |
| Financial charges65/66B | €170 | €85 | €125 | €87 | €69 | ▼ 20.9% |
| Recurring financial charges65 | €170 | €85 | €125 | €87 | €69 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €2,641 | -€15,079 | -€5,869 | €3,490 | €10,065 | ▲ 188% |
| Profit (loss) for the period9904 | €2,641 | -€15,079 | -€5,869 | €3,490 | €10,065 | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €2,641 | -€15,079 | -€5,869 | €3,490 | €10,065 | ▲ 188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,291 | €16,602 | €14,325 | €14,499 | €28,096 | ▲ 93.8% |
| Formation expenses20 | €597 | €358 | €119 | - | - | - |
| Fixed assets21/28 | €9,909 | €7,509 | €5,110 | €4,204 | €4,155 | ▼ 1.2% |
| Intangible fixed assets21 | €6,926 | €4,926 | €2,926 | €926 | - | - |
| Tangible fixed assets22/27 | €1,783 | €1,383 | €984 | €2,078 | €2,955 | ▲ 42.2% |
| Plant, machinery and equipment23 | - | - | - | €1,151 | €892 | ▼ 22.5% |
| Furniture and vehicles24 | €1,783 | €1,383 | €984 | €928 | €2,063 | ▲ 122% |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Current assets29/58 | €13,785 | €8,735 | €9,096 | €10,294 | €23,942 | ▲ 133% |
| Stocks and contracts in progress3 | €3,176 | €3,017 | €2,480 | €3,310 | €2,829 | ▼ 14.5% |
| Stocks30/36 | €3,176 | €3,017 | €2,480 | €3,310 | €2,829 | ▼ 14.5% |
| Amounts receivable within one year40/41 | €2,061 | €2,029 | €3,884 | €1,162 | €4,718 | ▲ 306% |
| Trade receivables40 | €1,409 | €1,558 | €3,327 | €497 | €3,721 | ▲ 648% |
| Other amounts receivable41 | €652 | €471 | €557 | €665 | €997 | ▲ 49.9% |
| Cash at bank and in hand54/58 | €7,776 | €2,439 | €2,732 | €5,822 | €16,220 | ▲ 179% |
| Deferred charges and accrued income490/1 | €772 | €1,250 | - | - | €175 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,291 | €16,602 | €14,325 | €14,499 | €28,096 | ▲ 93.8% |
| Equity10/15 | €17,641 | €2,562 | -€3,306 | €183 | €10,248 | ▲ 56× |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €2,641 | -€12,438 | -€18,306 | -€14,817 | -€4,752 | ▲ 67.9% |
| Amounts payable17/49 | €6,649 | €14,040 | €17,631 | €14,316 | €17,848 | ▲ 24.7% |
| Amounts payable within one year42/48 | €6,649 | €14,040 | €17,631 | €14,218 | €17,848 | ▲ 25.5% |
| Trade debts44 | €4,188 | €5,667 | €3,752 | €2,016 | €4,537 | ▲ 125% |
| Suppliers440/4 | €4,188 | €5,667 | €3,752 | €2,016 | €4,537 | ▲ 125% |
| Taxes, remuneration and social security45 | €661 | €1,252 | €1,975 | €1,919 | €3,292 | ▲ 71.6% |
| Taxes450/3 | €661 | €1,252 | €1,975 | €1,919 | €3,092 | ▲ 61.2% |
| Remuneration and social security454/9 | - | - | - | - | €200 | - |
| Other amounts payable47/48 | €1,800 | €7,121 | €11,904 | €10,283 | €10,019 | ▼ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | €98 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,641 | -€15,079 | -€5,869 | €3,490 | €10,065 | ▲ 188% |
| + Depreciation and write-downs630 | €3,648 | €2,638 | €2,638 | €2,670 | €1,650 | ▼ 38.2% |
| Operating cash flow (approximation) | €6,289 | -€12,441 | -€3,230 | €6,159 | €11,715 | ▲ 90.2% |
| Investment in fixed assets (approximation) | - | -€239 | -€239 | -€1,764 | -€1,600 | ▲ 9.3% |
| Change in cash | - | -€5,337 | €293 | €3,090 | €10,398 | ▲ 236% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as REVIVERE has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REVIVERE itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for REVIVERE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00360576 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00230609 | |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00333603 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00308968 | |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20282110 |