RIVAL
Bankruptcy closedInactive since 23-09-2026; last annual accounts for financial year 2020.
Summary
RIVAL was declared bankrupt on 21-09-2021 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 22-09-2026, published in the Belgian Official Gazette on 28-09-2026.
Financials · financial year 2020, abbreviated format
2020 annual accounts filed late (13 days) Filed on 13 November 2020, deadline 31 October 2020 (7 months after the close on 31 March 2020, Companies Code art. 3:10). Source: NBB, 2020-70500375.
2019 to 2020, 2 financial years 2019 to 2020, 2 financial years
The operating result returns to profit in 2020: €14,386 after a loss of €5,694 in 2019.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,266 | €4,104 | ▼ 3.8% |
| Gross operating margin9900 | €55,969 | €73,635 | ▲ 31.6% |
| Operating profit (loss)9901 | -€5,694 | €14,386 | - |
| Recurring financial charges65 | €11,532 | €4,108 | ▼ 64.4% |
| Profit (loss) for the period before taxes9903 | -€17,227 | €10,278 | - |
| Profit (loss) for the period9904 | -€17,227 | €10,278 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,227 | €10,278 | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €172,082 | €137,213 | ▼ 20.3% |
| Fixed assets21/28 | €10,454 | €6,350 | ▼ 39.3% |
| Intangible fixed assets21 | €8,000 | €4,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €104 | - | - |
| Financial fixed assets28 | €2,350 | €2,350 | = |
| Current assets29/58 | €161,628 | €130,863 | ▼ 19.0% |
| Stocks and contracts in progress3 | €79,693 | €29,207 | ▼ 63.4% |
| Amounts receivable within one year40/41 | €76,939 | €98,856 | ▲ 28.5% |
| Cash at bank and in hand54/58 | €3,553 | €2,667 | ▼ 24.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €172,082 | €137,213 | ▼ 20.3% |
| Equity10/15 | €51,766 | €62,044 | ▲ 19.9% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €52,908 | €52,908 | = |
| Profit (loss) carried forward14 | -€19,742 | -€9,464 | ▲ 52.1% |
| Amounts payable17/49 | €120,316 | €75,169 | ▼ 37.5% |
| Amounts payable after more than one year17 | €3,145 | €3,145 | = |
| Amounts payable within one year42/48 | €116,286 | €72,024 | ▼ 38.1% |
| Trade debts44 | €31,521 | €31,995 | ▲ 1.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€17,227 | €10,278 | - |
| + Depreciation and write-downs630 | €4,266 | €4,104 | ▼ 3.8% |
| Operating cash flow (approximation) | -€12,960 | €14,382 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€886 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2020 | abbreviated format | 13-11-2020 | 2020-70500375 |
| 31-03-2019 | abbreviated format | 08-10-2019 | 2019-69500440 |
| 31-03-2018 | abbreviated format | 02-10-2018 | 2018-67400282 |
| 31-03-2017 | abbreviated format | 27-09-2017 | 2017-63500233 |
| 31-03-2016 | abbreviated format | 15-11-2016 | 2016-68000538 |
| 31-03-2015 | abbreviated format | 07-10-2015 | 2015-64500202 |
| 31-03-2014 | abbreviated format | 25-11-2014 | 2014-67700498 |
| 31-03-2013 | abbreviated format | 30-10-2013 | 2013-64800174 |
| 31-03-2012 | abbreviated format | 30-10-2012 | 2012-62900467 |
| 31-03-2011 | abbreviated format | 06-10-2011 | 2011-57700526 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.