RIVALAW
ActiveSummary
RIVALAW has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,709) and a net result of €16,996. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 5% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+14
Solvency0▼-5
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.8 in 2024; short-term debt: 126.5% and cash: 24.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-26.5%
Return on assets
11.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12829 sector peers (2025).
NBB · sector comparisonPosition among 12829 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
21 d late
2023
2 d early
2022
6 d early
2021
29 d late
2020
26 d late
2019
12 d late
← 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 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,996▲ 4,597%
2024 · €362
Working capital
-€44,080▲ 37.0%
2024 · -€69,927
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€15,456▲ 178%€11,636▼ 24.7%-€27,060€3,081€22,489▲ 630%
Net result€11,725within the sector's middle half▲ 1,462%€8,332within the sector's middle half▼ 28.9%-€29,234below the sector's middle half€362below the sector's middle half€16,996within the sector's middle half▲ 4,597%
Equity-€36,165below the sector's middle half▲ 24.5%-€27,832below the sector's middle half▲ 23.0%-€57,066below the sector's middle half▼ 105%-€56,704below the sector's middle half▲ 0.6%-€39,709below the sector's middle half▲ 30.0%
Total assets€191,412within the sector's middle half▼ 35.9%€204,325within the sector's middle half▲ 6.7%€185,456within the sector's middle half▼ 9.2%€288,361within the sector's middle half▲ 55.5%€149,802within the sector's middle half▼ 48.1%
Debt€227,577▼ 34.3%€232,158▲ 2.0%€242,522▲ 4.5%€345,066▲ 42.3%€189,511▼ 45.1%
Working capital-€14,532below the sector's middle half▲ 1.7%-€22,537below the sector's middle half▼ 55.1%-€67,242below the sector's middle half▼ 198%-€69,927below the sector's middle half▼ 4.0%-€44,080below the sector's middle half▲ 37.0%
Solvency-18.9%below the sector's middle half▼ 2.8pp-13.6%below the sector's middle half▲ 5.3pp-30.8%below the sector's middle half▼ 17.1pp-19.7%below the sector's middle half▲ 11.1pp-26.5%below the sector's middle half▼ 6.8pp
Current ratio0.91below the sector's middle half▼ 0.030.88below the sector's middle half▼ 0.030.70below the sector's middle half▼ 0.180.80below the sector's middle half▲ 0.090.77below the sector's middle half▼ 0.03
Return on assets (ROA)6.1%within the sector's middle half▲ 5.9pp4.1%within the sector's middle half▼ 2.0pp-15.8%below the sector's middle half▼ 19.8pp0.1%below the sector's middle half▲ 15.9pp11.3%within the sector's middle half▲ 11.2pp
Staff (FTE)1.5▼ 16.7%1.5=1.5=1.5=1.5=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 630% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,265
Fixed assets
€3,835 ▼ 69.1%
Current assets
€145,430 ▼ 47.1%
Key figures and ratios
EBITDA
€32,925▲
2024 · €17,774
Cash flow
€27,432▲
2024 · €15,054
Debt to equity
-4.77▲
2024 · -6.09
Interest coverage
5.95▼
2024 · 6.23
Debt ≤ 1 year
€189,511▼
2024 · €345,066
Income taxes
€206▲
2024 · €160
Staff costs
€69,852▼
2024 · €70,732
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €67,664 | €66,888 | €69,795 | €70,732 | €69,852 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,023 | €14,999 | €14,197 | €14,693 | €10,436 | ▼ 29.0% |
| Other operating charges640/8 | €348 | €2,648 | €4,540 | €10,994 | €5,678 | ▼ 48.4% |
| Gross operating margin9900 | €99,490 | €96,170 | €61,472 | €99,500 | €108,455 | ▲ 9.0% |
| Operating profit (loss)9901 | €15,456 | €11,636 | -€27,060 | €3,081 | €22,489 | ▲ 630% |
| Financial income75/76B | €109 | €367 | €897 | €293 | €245 | ▼ 16.3% |
| Recurring financial income75 | €109 | €367 | €897 | €293 | €245 | ▼ 16.3% |
| Financial charges65/66B | €3,646 | €3,476 | €2,914 | €2,852 | €5,532 | ▲ 94.0% |
| Recurring financial charges65 | €3,646 | €3,476 | €2,914 | €2,852 | €5,532 | ▲ 94.0% |
| Profit (loss) for the period before taxes9903 | €11,919 | €8,527 | -€29,077 | €522 | €17,201 | ▲ 3,195% |
| Income taxes67/77 | €194 | €194 | €157 | €160 | €206 | ▲ 28.5% |
| Profit (loss) for the period9904 | €11,725 | €8,332 | -€29,234 | €362 | €16,996 | ▲ 4,597% |
| Profit (loss) for the period to be appropriated9905 | €11,725 | €8,332 | -€29,234 | €362 | €16,996 | ▲ 4,597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,412 | €204,325 | €185,456 | €288,361 | €149,802 | ▼ 48.1% |
| Formation expenses20 | - | - | €1,074 | €806 | €537 | ▼ 33.3% |
| Fixed assets21/28 | €49,958 | €38,385 | €24,456 | €12,417 | €3,835 | ▼ 69.1% |
| Tangible fixed assets22/27 | €49,798 | €38,225 | €24,296 | €12,257 | €3,675 | ▼ 70.0% |
| Furniture and vehicles24 | €45,838 | €35,491 | €22,246 | €10,890 | €1,658 | ▼ 84.8% |
| Other tangible fixed assets26 | €3,960 | €2,734 | €2,050 | €1,367 | €2,016 | ▲ 47.5% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €141,454 | €165,940 | €159,926 | €275,139 | €145,430 | ▼ 47.1% |
| Amounts receivable within one year40/41 | €107,403 | €138,292 | €123,513 | €151,109 | €102,459 | ▼ 32.2% |
| Trade receivables40 | €107,403 | €138,292 | €123,513 | €151,109 | €101,563 | ▼ 32.8% |
| Other amounts receivable41 | - | - | - | - | €896 | - |
| Cash at bank and in hand54/58 | €32,668 | €26,644 | €31,395 | €120,166 | €37,002 | ▼ 69.2% |
| Deferred charges and accrued income490/1 | €1,384 | €1,004 | €5,018 | €3,864 | €5,970 | ▲ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,412 | €204,325 | €185,456 | €288,361 | €149,802 | ▼ 48.1% |
| Equity10/15 | -€36,165 | -€27,832 | -€57,066 | -€56,704 | -€39,709 | ▲ 30.0% |
| Contributions10/11 | €6,197 | €6,197 | €8,057 | €8,057 | €8,057 | = |
| Reserves13 | €72,359 | €72,359 | €70,500 | €70,500 | €70,500 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €70,500 | €70,500 | €70,500 | €70,500 | €70,500 | = |
| Profit (loss) carried forward14 | -€114,721 | -€106,389 | -€135,623 | -€135,261 | -€118,265 | ▲ 12.6% |
| Amounts payable17/49 | €227,577 | €232,158 | €242,522 | €345,066 | €189,511 | ▼ 45.1% |
| Amounts payable after more than one year17 | €71,591 | €43,680 | €15,354 | - | - | - |
| Financial debts170/4 | €71,591 | €43,680 | €15,354 | - | - | - |
| Amounts payable within one year42/48 | €155,987 | €188,478 | €227,168 | €345,066 | €189,511 | ▼ 45.1% |
| Current portion of amounts payable after more than one year42 | €27,501 | €27,910 | €29,634 | €15,354 | €18,520 | ▲ 20.6% |
| Financial debts43 | - | €486 | - | - | - | - |
| Credit institutions430/8 | - | €486 | - | - | - | - |
| Trade debts44 | €20,247 | €21,775 | €36,844 | €86,337 | €27,146 | ▼ 68.6% |
| Suppliers440/4 | €20,247 | €21,775 | €36,844 | €86,337 | €27,146 | ▼ 68.6% |
| Advances received on contracts in progress46 | - | - | €9,000 | - | - | - |
| Taxes, remuneration and social security45 | €32,162 | €44,951 | €49,421 | €37,620 | €52,044 | ▲ 38.3% |
| Taxes450/3 | €22,098 | €32,006 | €38,296 | €22,983 | €40,900 | ▲ 78.0% |
| Remuneration and social security454/9 | €10,063 | €12,945 | €11,125 | €14,637 | €11,143 | ▼ 23.9% |
| Other amounts payable47/48 | €76,077 | €93,355 | €102,268 | €205,755 | €91,801 | ▼ 55.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,725 | €8,332 | -€29,234 | €362 | €16,996 | ▲ 4,597% |
| + Depreciation and write-downs630 | €16,023 | €14,999 | €14,197 | €14,693 | €10,436 | ▼ 29.0% |
| Operating cash flow (approximation) | €27,748 | €23,331 | -€15,036 | €15,054 | €27,432 | ▲ 82.2% |
| Investment in fixed assets (approximation) | - | -€3,426 | -€269 | -€2,654 | -€1,854 | ▲ 30.1% |
| Change in cash | - | -€6,023 | €4,751 | €88,770 | -€83,164 | ▼ 194% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €16,996 ▲4,597%
Operating result €22,489, net result €16,996, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €362
Net result €362 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€29,234
Net result drops to -€29,234, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Brussel · 1 establishment unit since 1998
Ground area
1,072 m²
Building footprint
497 m²
Volume, LiDAR
8,889 m³
Parcel 21822R0449/00C002, Brussels · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Association RICHOUX - VANWINSEN
since 19982.224.886.327
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0449/00C002 | Brussels | 1,072 m² | 1 · 497 m² | 21.1 m · 6 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462998717
Registered
29-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.