RIVECO
ActiveSummary
RIVECO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €415,885 and a net result of €44,799. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-2
Solvency46▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.03 in 2023; short-term debt: 72.4% and cash: 4.1% of total assets), and 79.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 37951 sector peers (2024).
NBB · sector comparisonPosition among 37951 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
89 d late
2021
78 d late
2020
79 d late
2019
75 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 74 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€415,885▲ 12.1%
2023 · €371,086
Total assets
€2.0m▼ 1.9%
2023 · €2.1m
Net result
€44,799▼ 44.7%
2023 · €81,007
Working capital
-€1.4m▲ 8.1%
2023 · -€1.5m
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
Line20202021202220232024
Operating result€178,382€229,635▲ 28.7%€88,602▼ 61.4%€193,502▲ 118%€96,204▼ 50.3%
Net result€142,867€155,242▲ 8.7%€55,874▼ 64.0%€81,007▲ 45.0%€44,799▼ 44.7%
Equity€78,963€234,205▲ 197%€290,079▲ 23.9%€371,086▲ 27.9%€415,885▲ 12.1%
Total assets€953,337▲ 20.2%€1.0m▲ 9.7%€1.3m▲ 22.2%€2.1m▲ 60.5%€2.0m▼ 1.9%
Debt€874,374▲ 2.1%€811,408▼ 7.2%€987,313▲ 21.7%€1.7m▲ 70.1%€1.6m▼ 5.0%
Working capital-€408,473▲ 23.0%-€511,612▼ 25.2%-€823,217▼ 60.9%-€1.5m▼ 81.4%-€1.4m▲ 8.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.9m ▼ 3.8%
Current assets
€82,838 ▲ 80.3%
Equity and liabilities €2.0m
Equity
€415,885 ▲ 12.1%
Debt
€1.6m ▼ 5.0%
Debt's share of the balance-sheet total falls from 81.9% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172,111▼
2023 · €256,241
Cash flow
€120,706▼
2023 · €143,746
Current ratio
0.06▲
2023 · 0.03
Debt to equity
3.84▼
2023 · 4.52
ROE
10.8%▼
2023 · 21.8%
ROA
2.2%▼
2023 · 4.0%
Interest coverage
976.63▼
2023 · 1659.59
Debt ≤ 1 year
€1.5m▼
2023 · €1.5m
Debt > 1 year
€140,000=
2023 · €140,000
Income taxes
€51,230▼
2023 · €112,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,825 | €15,825 | €16,346 | €62,739 | €75,907 | ▲ 21.0% |
| Other operating charges640/8 | - | €7,464 | €6,200 | €4,923 | €6,796 | ▲ 38.0% |
| Gross operating margin9900 | €197,465 | €252,924 | €111,148 | €261,164 | €178,906 | ▼ 31.5% |
| Operating profit (loss)9901 | €178,382 | €229,635 | €88,602 | €193,502 | €96,204 | ▼ 50.3% |
| Financial income75/76B | - | - | - | €0 | €2 | ▲ 9,400% |
| Recurring financial income75 | - | - | - | €0 | €2 | ▲ 9,400% |
| Financial charges65/66B | - | €177 | €169 | €154 | €176 | ▲ 14.1% |
| Recurring financial charges65 | €22 | €177 | €169 | €154 | €176 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €178,360 | €229,458 | €88,434 | €193,348 | €96,029 | ▼ 50.3% |
| Income taxes67/77 | €35,493 | €74,216 | €32,560 | €112,340 | €51,230 | ▼ 54.4% |
| Profit (loss) for the period9904 | €142,867 | €155,242 | €55,874 | €81,007 | €44,799 | ▼ 44.7% |
| Profit (loss) for the period to be appropriated9905 | €142,867 | €155,242 | €55,874 | €81,007 | €44,799 | ▼ 44.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €953,337 | €1.0m | €1.3m | €2.1m | €2.0m | ▼ 1.9% |
| Fixed assets21/28 | €737,436 | €885,817 | €1.3m | €2.0m | €1.9m | ▼ 3.8% |
| Tangible fixed assets22/27 | €737,436 | €885,817 | €1.3m | €2.0m | €1.9m | ▼ 3.8% |
| Land and buildings22 | - | €684,010 | €668,680 | €653,350 | €637,865 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | - | - | €12,711 | €9,700 | ▼ 23.7% |
| Furniture and vehicles24 | - | €990 | €25,243 | €76,777 | €58,518 | ▼ 23.8% |
| Other tangible fixed assets26 | - | - | - | - | €1.2m | - |
| Assets under construction and advance payments27 | - | €200,816 | €559,372 | €1.3m | €0 | ▼ 100% |
| Current assets29/58 | €215,901 | €159,796 | €24,097 | €45,937 | €82,838 | ▲ 80.3% |
| Amounts receivable within one year40/41 | €1,772 | - | - | €4,433 | €5 | ▼ 99.9% |
| Trade receivables40 | - | - | - | €4,416 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €18 | €5 | ▼ 71.2% |
| Cash at bank and in hand54/58 | €213,489 | €156,930 | €20,917 | €39,493 | €82,833 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | €2,866 | €3,179 | €2,011 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €953,337 | €1.0m | €1.3m | €2.1m | €2.0m | ▼ 1.9% |
| Equity10/15 | €78,963 | €234,205 | €290,079 | €371,086 | €415,885 | ▲ 12.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €100,000 | €230,000 | €271,479 | €352,486 | €397,285 | ▲ 12.7% |
| Distributable reserves133 | - | €230,000 | €271,479 | €352,486 | €397,285 | ▲ 12.7% |
| Profit (loss) carried forward14 | -€39,637 | -€14,395 | - | - | - | - |
| Amounts payable17/49 | €874,374 | €811,408 | €987,313 | €1.7m | €1.6m | ▼ 5.0% |
| Amounts payable after more than one year17 | €250,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Financial debts170/4 | - | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Amounts payable within one year42/48 | €624,374 | €671,408 | €847,313 | €1.5m | €1.5m | ▼ 5.4% |
| Trade debts44 | €39,051 | €148 | €10,362 | €1,645 | €1,077 | ▼ 34.5% |
| Suppliers440/4 | - | €148 | €10,362 | €1,645 | €1,077 | ▼ 34.5% |
| Taxes, remuneration and social security45 | - | €121,428 | €113,770 | €166,797 | €103,560 | ▼ 37.9% |
| Taxes450/3 | - | €121,428 | €113,770 | €166,797 | €103,560 | ▼ 37.9% |
| Other amounts payable47/48 | - | €549,831 | €723,181 | €1.4m | €1.4m | ▼ 1.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142,867 | €155,242 | €55,874 | €81,007 | €44,799 | ▼ 44.7% |
| + Depreciation and write-downs630 | €15,825 | €15,825 | €16,346 | €62,739 | €75,907 | ▲ 21.0% |
| Operating cash flow (approximation) | €158,692 | €171,067 | €72,220 | €143,746 | €120,706 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€164,206 | -€383,825 | -€813,747 | €0 | ▲ 100% |
| Change in cash | - | -€56,559 | -€136,012 | €18,576 | €43,340 | ▲ 133% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 89 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2019net €155,242 ▲8.7%
Operating result €229,635, net result €155,242, both a record.
31-12
Financial
Equity above €200,000Eq €234,205 ▲197%
2 profitable years in a row build equity to €234,205.
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 79 days late
2020
31-12
Financial
Back to profitnet €142,867
Net result €142,867 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 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, Wingene · 1 establishment unit since 2019
Ground area
880 m²
Building footprint
232 m²
Volume, LiDAR
1,142 m³
Parcel 37012D0169/00B002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RIVECO
since 20192.287.570.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012D0169/00B002 | Flanders | 880 m² | 1 · 232 m² | 9.3 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,085 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
82990Other business support services
90201Performing arts by independent artists
90391Promotion and organisation of arts and performing arts events
Scores and ratios are computed by Checked and are not a credit decision.