RIVEA
ActiveSummary
The computed 12-month bankruptcy probability of RIVEA is 2.6% (moderate). The 2025 annual accounts show negative equity (-€37,315) and a net result of -€3,916. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 17,119 sector peers (NACE 68, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-01-2018 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110
- Establishment unit
- 2.273.028.120 2930 Brasschaat, since 16-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
- Gross margin
- -€3,326
- Loss
- €3,916
- Equity
- -€37,315
- ▼ 11.7%
- Total assets
- €42,067
- ▲ 44.3%
- Negative equity on 31-12-2025
Score breakdownraises risk1 change of registered office in 24 monthsNegative equity -€37,315Loss of €3,916 (financial year 2025)lowers riskSize: total assets €42,067Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 1% on liquidity, 16% on profitability and 26% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €3,794, after a profit of €17,247 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as RIVEA: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €38,500 and €50,400, founded between 2017 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| RIVEA Knokke-Heist | 2018 | €42,067 | -€37,315 | -€3,326 | -€3,916 | 2025 |
| VLASGAARD Bilzen-Hoeselt | 2018 | €46,380 | €26,252 | -€2,942 | -€3,879 | 2025 |
| BAY LEAF Grimbergen | 2018 | €45,448 | €39,494 | -€8,360 | -€8,921 | 2025 |
| LIEGE ESTATE Liège | 2018 | €39,561 | -€33,705 | -€859 | -€18,163 | 2025 |
| L&C Buildings Sint-Truiden | 2018 | €50,362 | €49,331 | -€3,430 | -€3,931 | 2025 |
| BOUW & PROMOTIE VNL Brasschaat | 2017 | €48,508 | -€9,911 | -€8,824 | -€11,143 | 2025 |
| MASTER YODA Antwerpen | 2019 | €38,540 | -€69,460 | -€1,344 | -€3,909 | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,564 companies had the same profile as RIVEA has now. Two years later, 5.1% had gone bankrupt and 88.9% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RIVEA itself: 2.6% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,564 companies, not a prediction for RIVEA. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,203 | €0 | - | - |
| Other operating charges640/8 | - | - | €9,783 | €1,610 | €3,508 | €2,716 | €467 | ▼ 82.8% |
| Gross operating margin9900 | -€11,782 | -€16,192 | -€13,035 | -€8,923 | €28,402 | €19,963 | -€3,326 | - |
| Operating profit (loss)9901 | -€28,849 | -€16,758 | -€22,817 | -€10,534 | €24,894 | €17,247 | -€3,794 | - |
| Financial income75/76B | - | - | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | - | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | €1,699 | €4,494 | €1,010 | €906 | €123 | ▼ 86.5% |
| Recurring financial charges65 | €6,354 | €720 | €1,699 | €4,494 | €1,010 | €906 | €123 | ▼ 86.5% |
| Profit (loss) for the period before taxes9903 | -€35,202 | -€17,478 | -€24,516 | -€15,028 | €23,884 | €16,341 | -€3,916 | - |
| Profit (loss) for the period9904 | -€35,202 | -€17,478 | -€24,516 | -€15,028 | €23,884 | €16,341 | -€3,916 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,202 | -€17,478 | -€24,516 | -€15,028 | €23,884 | €16,341 | -€3,916 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €31,225 | €10,613 | €152,272 | €169,591 | €8,907 | €29,143 | €42,067 | ▲ 44.3% |
| Current assets29/58 | €31,225 | €10,613 | €152,272 | €169,591 | €8,907 | €29,143 | €42,067 | ▲ 44.3% |
| Stocks and contracts in progress3 | - | - | €149,823 | €167,709 | €7,000 | €7,000 | €35,915 | ▲ 413% |
| Stocks30/36 | - | - | €149,823 | €167,709 | €7,000 | €7,000 | €35,915 | ▲ 413% |
| Amounts receivable within one year40/41 | €31,190 | €10,000 | €2,094 | €1,788 | €1,880 | €22,143 | €6,148 | ▼ 72.2% |
| Trade receivables40 | - | - | €0 | - | - | €22,143 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €2,094 | €1,788 | €1,880 | €0 | €6,148 | - |
| Cash at bank and in hand54/58 | €35 | €311 | €187 | €0 | €28 | €0 | €4 | ▲ 35× |
| Deferred charges and accrued income490/1 | - | - | €168 | €94 | €0 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €31,225 | €10,613 | €152,272 | €169,591 | €8,907 | €29,143 | €42,067 | ▲ 44.3% |
| Equity10/15 | -€16,602 | -€34,080 | -€58,597 | -€73,624 | -€49,740 | -€33,399 | -€37,315 | ▼ 11.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€35,202 | -€52,680 | -€77,197 | -€92,224 | -€68,340 | -€51,999 | -€55,915 | ▼ 7.5% |
| Amounts payable17/49 | €47,828 | €44,693 | €210,868 | €243,215 | €58,648 | €62,542 | €79,383 | ▲ 26.9% |
| Amounts payable within one year42/48 | €47,828 | €44,693 | €210,868 | €243,215 | €58,648 | €62,542 | €79,383 | ▲ 26.9% |
| Financial debts43 | - | - | €90,000 | €90,495 | €0 | - | - | - |
| Credit institutions430/8 | - | - | €90,000 | €90,495 | €0 | - | - | - |
| Trade debts44 | €25,423 | €14,387 | €24,819 | €13,048 | €7,272 | €5,367 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €24,819 | €13,048 | €7,272 | €5,367 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €96,049 | €139,673 | €51,376 | €57,176 | €79,383 | ▲ 38.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,202 | -€17,478 | -€24,516 | -€15,028 | €23,884 | €16,341 | -€3,916 | - |
| Operating cash flow (approximation) | -€35,202 | -€17,478 | -€24,516 | -€15,028 | €23,884 | €16,341 | -€3,916 | - |
| Change in cash | - | €276 | -€124 | -€187 | €28 | -€28 | €4 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00269621 | NBB |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00288155 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00156235 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00221908 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20418187 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-38700026 | |
| 31-12-2019 | micro format | 16-10-2020 | 2020-62600102 |
Board & ownership
Directors
Owners and capital
Shareholders
- TERMOTE Philippe Lodewijk Maria all shares
Capital transactions
- 22-08-2025 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TERMOTE Philippe Lodewijk Maria |
|
| SOLY Caroline Freddy Rita |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Vergoeding van de bestuurders, algemene vergadering bepaalt het bedrag van de vaste of evenredige vergoeding”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten zijn voor de helft ten laste van de overdrager en voor de andere helft ten laste van de koper(s), naar…”
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Hernieuwbare termijn van drie jaar, één of meerdere”
Articles of association, deed of 22-08-2025 (in Dutch)
Network & group
RIVEA shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of RIVEA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-08
Gazette deed
Registered office moved from Brasschaat to Knokke-HeistChange of role: TERMOTE Philippe Lodewijk Maria, from manager to director · Resignation: SOLY Caroline Freddy Rita (manager) · Amendment of the articles14 points ▸
- General meeting, 19-08-2025
- Amendment of the articles, mentioned 3 times in the deed
- TERMOTE Philippe Lodewijk Maria holds all the shares
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered-office move, 8300 Knokke-Heist, Hazegrasstraat 118
- Capital
- Director resignation, TERMOTE Philippe Lodewijk Maria (manager)
- Director resignation, SOLY Caroline Freddy Rita (manager)
- Director discharge, TERMOTE Philippe Lodewijk Maria (manager)
- Director discharge, SOLY Caroline Freddy Rita (manager)
- Director appointment, TERMOTE Philippe Lodewijk Maria (director (not named in the articles))
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202529 activities
- Het verwerven van participaties in alle commerciële en nietcommerciële, industriële en financiële ondernemingen, zo Belgische als buitenlandse. Zij zal haar middelen aanwenden voor de samenstelling, het beheer, de tegeldemaking en de vereffening van een portefeuille, bestaande uit aandelen, obligaties en andere effecten, evenals tot het verwerven, exploiteren en vervreemden van brevetten en andere intellectuele rechten
- Het op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren
- De huur, verhuur en operationele leasing zonder chauffeur van auto’s, transportmiddelen in het algemeen zoals schepen, vliegtuigen, vrachtwagens, machines, werktuigen, installaties, kantoormachines en computers, computerprogramma’s, en alle andere roerende goederen in de ruimste zin van het woord
- Bemiddeling in en beheer van onroerende goederen voor rekening van derden, alsmede de aan en verkoop en verhuur van onroerende goederen voor rekening van derden
- De coördinatie van alle bouw en verbouwingswerken met hun binnenhuisinrichting en voltooiing
- Het uitvoeren van studie’s, schattingen, advies en expertisen voor gronden, gebouwen en installatie
- Het beheer, de instandhouding en valorisatie van een onroerend patrimonium met inbegrip van het onderhoud, de verbouwing, bebouwing, huur en verhuring ervan, de leasing en de uitbating, kortom alle verrichtingen doen van onroerende aard
- Het verlenen van diensten aan bedrijven en personen waarin onder meer begrepen het verstrekken van technische, administratieve, financiële en commerciële bijstand
- De bemiddeling inzake verhuring en overdracht van handelszaken
- Het deelnemen in, het voeren van beheer over en het financieren van:
- Andere werken in nroerende staat, zoals maar niet beperkend tot het leggen van parketvloeren, het vervaardigen van meubels
- Alle activiteiten van landmeter
- Alle activiteiten als beëdigd schatter
- Algemene cördinatie van de werkzaamheden op de bouwwerf
- De verhuur van al dan niet gemeubelde appartementen en huizen
- Het uitvoeren van studies en het verlenen van advies in verband met stedenbouwkundige planning en landschaparchitectuur
- Het ontwerpen van tuinen en parken
- Het leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- De activiteiten van bouweconomisten
- De uitwerking van projecten op het gebied van burgerlijke en utiliteitsbouw, de weg en waterbouw en het verkeer
- Advies en bijstand aan de bedrijfswereld en particulieren, onder meer op het gebied betreffende bedrijfsbeheer, bedrijfsvoering, public relations, communicatie, managementactiviteiten, algemene auditactiviteiten, planning, organisatie en toezicht
- Administratiekantoor en vertalers, secretariaten, alsmede de uitvoering ervan
- Alle overige zakelijke dienstverlening
- Engineering en consulting in de ruimste zin van het woord
- Fundmanagement, het beheer van vermogens, zo roerende als onroerende goederen, doch slechts voor de handelingen waarvoor geen voorafgaande vergunning van de Commissie voor het Bank en Financiewezen vereist is en daaronder verstaan: het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, huren en verhuren, promoten, het doen bouwen of verbouwen van onroerende goederen, evenals alle welkdanige onroerende transacties en verrichtingen
- Organiseren, verzorgen, begeleiden en geven van diverse opleidingen, bijscholingen en beroepsvervolmaking in menigvuldige vakgebieden; het verlenen van advies over soorten computers (hardware) en hun configuratie en toepassing van de bijhorende programmatuur (software): analyseren van behoeften en problemen van gebruiker en het aanbieden van de beste oplossing
- Het onderzoek naar de omvang van de markt voor bepaalde producten, de ontvangst en de bekendheid van producten en koopgewoonten, met het oog op de verkoopbevordering en de ontwikkeling van nieuwe producten
- Onder meer het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding
- Onder meer het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie, efficiëntie
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31332G0375/00B000 | Flanders | 2,004 m² | 1 · 423 m² | 7.3 m · 2 |
| 11322E0102/00N000 | Flanders | 1,617 m² | 1 · 136 m² | 9.6 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.