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RIVASTA

Active
Private limited companyfounded 199630 yrs activePolderlaan 15, 8370 Blankenberge, BelgiumKBO/BCE: BE 0457.253.446
Summary

RIVASTA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,711 and a net result of -€1,833. Equity is shrinking by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability66▼-2
Solvency41▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
cash: 9.3% of total assets, and 84.2% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
15.8%
Return on assets
-2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
15 d early
2023
1 d early
2022
1 d late
2021
30 d early
2020
9 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 February 1996, RIVASTA was incorporated.1 Total assets went from EUR 119,526 in 2018 to EUR 92,968 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€14,711▼ 11.1%
2024 · €16,544
Total assets
€92,968▼ 1.9%
2024 · €94,802
Net result
-€1,833▼ 132%
2024 · -€792
Working capital
-€430
2020 · €9,588
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€3,080-€1,962▲ 36.3%-€2,682▼ 36.7%-€747▲ 72.2%-€1,788▼ 139%
Net result-€3,221-€2,115▲ 34.3%-€2,835▼ 34.1%-€792▲ 72.1%-€1,833▼ 132%
Equity€22,286▼ 12.6%€20,171▼ 9.5%€17,336▼ 14.1%€16,544▼ 4.6%€14,711▼ 11.1%
Total assets€107,109▼ 4.7%€99,369▼ 7.2%€91,859▼ 7.6%€94,802▲ 3.2%€92,968▼ 1.9%
Debt€84,823▼ 2.4%€79,198▼ 6.6%€74,523▼ 5.9%€78,257▲ 5.0%€78,257=
Working capital-€430
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€3,080-€3,080Net result 2021: -€3,221-€3,221Operating result 2022: -€1,962-€1,962Net result 2022: -€2,115-€2,115Operating result 2023: -€2,682-€2,682Net result 2023: -€2,835-€2,835Operating result 2024: -€747-€747Net result 2024: -€792-€792Operating result 2025: -€1,788-€1,788Net result 2025: -€1,833-€1,83320212022202320242025-€3,000-€2,000-€1,000€0Operating result 2023: -€2,682-€2,680Net result 2023: -€2,835-€2,840Operating result 2024: -€747-€747Net result 2024: -€792-€792Operating result 2025: -€1,788-€1,790Net result 2025: -€1,833-€1,830202320242025
The operating result stays negative: a loss of €1,788 in 2025 against €747 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,968
Fixed assets €83,526 ▼ 7.3%
Current assets €9,442 ▲ 99.9%
Equity and liabilities €92,968
Equity €14,711 ▼ 11.1%
Debt €78,257 =
Debt's share of the balance-sheet total rises from 82.5% to 84.2%. Equity is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,764▼
2024 · €5,082
Cash flow
€4,719▼
2024 · €5,037
Debt to equity
5.32▲
2024 · 4.73
ROE
-12.5%▼
2024 · -4.8%
ROA
-2.0%▼
2024 · -0.8%
Interest coverage
105.86▼
2024 · 112.94
Debt > 1 year
€78,257=
2024 · €78,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.4% went bankrupt
5.0% stopped otherwise
93% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 2,448 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€94,802€92,968▼
Fixed assets21/28€90,078€83,526▼
Tangible fixed assets22/27€90,078€83,526▼
Land and buildings22€90,078€83,526▼
Current assets29/58€4,723€9,442▲
Cash at bank and in hand54/58€4,723€8,662▲
Deferred charges and accrued income490/1-€780
Equity and liabilities
Total equity and liabilities10/49€94,802€92,968▼
Equity10/15€16,544€14,711▼
Contributions10/11€167,328€167,328=
Profit (loss) carried forward14-€150,784-€152,617▼
Amounts payable17/49€78,257€78,257=
Amounts payable after more than one year17€78,257€78,257=
Financial debts170/4€78,257€78,257=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,829€6,552▲
Other operating charges640/8€1,916€2,223▲
Gross operating margin9900€6,998€6,987▼
Operating profit (loss)9901-€747-€1,788▼
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903-€792-€1,833▼
Profit (loss) for the period9904-€792-€1,833▼
Profit (loss) for the period to be appropriated9905-€792-€1,833▼
Appropriation of the result
Profit (loss) to be appropriated9906-€150,784-€152,617▼
Profit (loss) brought forward from the previous period14P-€149,992-€150,784▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,630€5,924€5,924€5,829€6,552▲ 12.4%
Other operating charges640/8€2,181€1,644€2,477€1,916€2,223▲ 16.1%
Gross operating margin9900€4,730€5,606€5,719€6,998€6,987▼ 0.2%
Operating profit (loss)9901-€3,080-€1,962-€2,682-€747-€1,788▼ 139%
Financial income75/76B-€0----
Recurring financial income75-€0----
Financial charges65/66B€141€153€153€45€45=
Recurring financial charges65€141€153€153€45€45=
Profit (loss) for the period before taxes9903-€3,221-€2,115-€2,835-€792-€1,833▼ 132%
Profit (loss) for the period9904-€3,221-€2,115-€2,835-€792-€1,833▼ 132%
Profit (loss) for the period to be appropriated9905-€3,221-€2,115-€2,835-€792-€1,833▼ 132%
Line20212022202320242025Change
Assets
Total assets20/58€107,109€99,369€91,859€94,802€92,968▼ 1.9%
Fixed assets21/28€103,315€97,391€91,467€90,078€83,526▼ 7.3%
Tangible fixed assets22/27€103,315€97,391€91,467€90,078€83,526▼ 7.3%
Land and buildings22€103,315€97,391€91,467€90,078€83,526▼ 7.3%
Current assets29/58€3,793€1,978€392€4,723€9,442▲ 99.9%
Cash at bank and in hand54/58€3,793€1,978€392€4,723€8,662▲ 83.4%
Deferred charges and accrued income490/1----€780-
Equity and liabilities
Total equity and liabilities10/49€107,109€99,369€91,859€94,802€92,968▼ 1.9%
Equity10/15€22,286€20,171€17,336€16,544€14,711▼ 11.1%
Contributions10/11€167,328€167,328€167,328€167,328€167,328=
Profit (loss) carried forward14-€145,042-€147,157-€149,992-€150,784-€152,617▼ 1.2%
Amounts payable17/49€84,823€79,198€74,523€78,257€78,257=
Amounts payable after more than one year17€80,599€79,198€74,523€78,257€78,257=
Financial debts170/4€80,599€79,198€74,523€78,257€78,257=
Amounts payable within one year42/48€4,223-----
Trade debts44€4,223-----
Suppliers440/4€4,223-----
Line20212022202320242025Change
Profit (loss) for the period9904-€3,221-€2,115-€2,835-€792-€1,833▼ 132%
+ Depreciation and write-downs630€5,630€5,924€5,924€5,829€6,552▲ 12.4%
Operating cash flow (approximation)€2,409€3,809€3,089€5,037€4,719▼ 6.3%
Investment in fixed assets (approximation)-€0€0-€4,440€0▲ 100%
Change in cash--€1,815-€1,586€4,332€3,939▼ 9.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €2,900
Net result €2,900 after 2 loss-making years.
30-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€3,824
Net result drops to -€3,824, the lowest in the series; recovery starts the following year.
05-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
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, Blankenberge · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
821 m²
Building footprint
110 m²
Volume, LiDAR
502 m³
Parcel 31602B0138/00A003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polderlaan 15, 8370 Blankenberge
NACE 7012001
since 20022.076.617.075
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31602B0138/00A003 Flanders 821 m² 1 · 109 m² 7.2 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded08-02-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.