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RIVAL

Bankruptcy closed
Private limited company (pre-2019)KBO/BCE: BE 0476.795.382

Inactive 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.

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RIVALBankruptcy closed
Report

Overview

Activity
Activity not known
Size
€137,213total assets 2020
Staff
1 FTE
Equity
€62,044
Profit
€10,278
Turnover not published (abbreviated format)
Financial health
Bankruptcy closed: no score
Structure
3 deeds in the Belgian Official Gazette
Signalsraises riskBankruptcy closed2020 accounts filed 13 days lateShow the evidence

Signals

Two signals.
raises risk
raises risk · Bankruptcy closed
The Belgian Official Gazette published the closure of the bankruptcy. The latest notice is dated 28-09-2026. The registration has since been removed from the register.
Belgian Official Gazette
raises risk · 2020 accounts filed 13 days late
The financial year that closed on 31-03-2020 was due by 31-10-2020 and was filed on 13-11-2020, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2020
13 days late
2019
23 days early
2018
29 days early
2017
34 days early
2016
15 days late
2015
24 days early
2014
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (by liquidation)Enterprise Court of Ghent, Kortrijk…
  2. OpeningEnterprise Court of Ghent, Kortrijk…
  3. Annual accounts filedfinancial year 2020 · abbreviated…

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.

Equity
€62,044▲ 19.9%
2019 · €51,766
Total assets
€137,213▼ 20.3%
2019 · €172,082
Net result
€10,278
2019 · -€17,227
Working capital
€58,839▲ 29.8%
2019 · €45,342
Trend over the years

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.

Operating result€14,386 2020 Net result€10,278 2020

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Operating result-€5,694-€14,386
Net result-€17,227-€10,278
Equity€51,766-€62,044▲ 19.9%
Total assets€172,082-€137,213▼ 20.3%
Debt€120,316-€75,169▼ 37.5%
Working capital€45,342-€58,839▲ 29.8%
Staff (FTE)1-1=
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €137,213
Fixed assets €6,350 ▼ 39.3%
Current assets €130,863 ▼ 19.0%
Equity and liabilities €137,213
Equity €62,044 ▲ 19.9%
Debt €75,169 ▼ 37.5%
Debt's share of the balance-sheet total falls from 69.9% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
2020 value · change against 2019
EBITDA
€18,490▲
2019 · -€1,428
Cash flow
€14,382▲
2019 · -€12,960
Current ratio
1.82▲
2019 · 1.39
Quick ratio
1.41▲
2019 · 0.70
Debt to equity
0.05▼
2019 · 0.06
ROE
16.6%▲
2019 · -33.3%
ROA
7.5%▲
2019 · -10.0%
Debt ≤ 1 year
€72,024▼
2019 · €116,286
Debt > 1 year
€3,145=
2019 · €3,145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet Code20192020
Assets
Total assets20/58€172,082€137,213▼
Fixed assets21/28€10,454€6,350▼
Intangible fixed assets21€8,000€4,000▼
Tangible fixed assets22/27€104-
Financial fixed assets28€2,350€2,350=
Current assets29/58€161,628€130,863▼
Stocks and contracts in progress3€79,693€29,207▼
Amounts receivable within one year40/41€76,939€98,856▲
Cash at bank and in hand54/58€3,553€2,667▼
Equity and liabilities
Total equity and liabilities10/49€172,082€137,213▼
Equity10/15€51,766€62,044▲
Contributions10/11€18,600€18,600=
Reserves13€52,908€52,908=
Profit (loss) carried forward14-€19,742-€9,464▲
Amounts payable17/49€120,316€75,169▼
Amounts payable after more than one year17€3,145€3,145=
Amounts payable within one year42/48€116,286€72,024▼
Trade debts44€31,521€31,995▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,266€4,104▼
Gross operating margin9900€55,969€73,635▲
Operating profit (loss)9901-€5,694€14,386▲
Recurring financial charges65€11,532€4,108▼
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▲
Line20192020Change
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-
Line20192020Change
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%
Line20192020Change
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.

Download as CSV

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

Show all 18 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Wim Arslijder
Ketsersstraat 8 Bus 2, 8793 Sint- Eloois-Vijve
 21-09-2021 → 22-09-2026

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

RIVAL has filed 18 sets of annual accounts, the latest for financial year 2020.1 On 21 September 2021 the company was declared bankrupt; the bankruptcy was closed on 22 September 2026.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian Official Gazette, 27-09-2021
  3. 3Belgian Official Gazette, 28-09-2026

Acts, filings and financial milestones

2026
28-09
Bankruptcy Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Kortrijk division · judgment of 22-09-2026
2021
27-09
Bankruptcy Opening
Enterprise Court of Ghent, Kortrijk division · judgment of 21-09-2021
2020
13-11
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 13 days late
31-03
Financial Back to profitnet €10,278
Net result €10,278 after one loss-making year.
2019
08-10
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2018
02-10
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2017
27-09
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2016
15-11
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 15 days late
2015
07-10
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2014
25-11
NBB filing Annual accounts filed
financial year 2014 · abbreviated format · 25 days late
2013
30-10
NBB filing Annual accounts filed
financial year 2013 · abbreviated format
2012
30-10
NBB filing Annual accounts filed
financial year 2012 · abbreviated format
2011
06-10
NBB filing Annual accounts filed
financial year 2011 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waregem
exact location from the address register On OpenStreetMap
Ground area
2,857 m²
Building footprint
272 m²
Building volume
11 m³
Parcel 34035A0555/00S002, Flanders · tallest building 0.9 m. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34035A0555/00S002 Flanders 2,857 m² 1 · 272 m² 0.9 m
How the parcels are linked
Good to know
The parcel matches the address exactly.

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