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RIVENDEL

Active
Public limited companyfounded 199035 yrs activeKolonieweg 2, 2310 Rijkevorsel, BelgiumKBO/BCE: BE 0442.295.749
Summary

RIVENDEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80,343 and a net result of -€520. Equity is growing by ~11% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability68▼-3
Solvency70▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.47 in 2023; short-term debt: 55.4% and cash: 3.8% of total assets), and 55.4% of the assets are financed with debt.
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Signals

Five 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 35 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 2024
Solvency, return and age of the figures
Solvency
44.6%
Return on assets
-0.3%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
40 d early
2021
32 d early
2020
43 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 36 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 (1)
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 18 October 1990, RIVENDEL was incorporated.1 Total assets went from EUR 260,631 in 2018 to EUR 180,214 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€80,343▼ 0.6%
2023 · €80,863
Total assets
€180,214▼ 33.2%
2023 · €269,675
Net result
-€520
2023 · €5,524
Working capital
-€92,963▲ 6.6%
2023 · -€99,526
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€7,972▲ 1.7%€7,888▼ 1.1%€8,342▲ 5.8%€7,613▼ 8.7%-€491
Net result€7,972▲ 1.7%€7,888▼ 1.1%€7,800▼ 1.1%€5,524▼ 29.2%-€520
Equity€59,651▲ 15.4%€67,539▲ 13.2%€75,339▲ 11.5%€80,863▲ 7.3%€80,343▼ 0.6%
Total assets€264,439▲ 0.8%€266,327▲ 0.7%€268,649▲ 0.9%€269,675▲ 0.4%€180,214▼ 33.2%
Debt€204,788▼ 2.8%€198,788▼ 2.9%€193,310▼ 2.8%€188,812▼ 2.3%€99,871▼ 47.1%
Working capital-€144,553▲ 10.4%-€127,870▲ 11.5%-€112,132▲ 12.3%-€99,526▲ 11.2%-€92,963▲ 6.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,500€0€2,500€5,000€7,500Operating result 2020: €7,972€7,972Net result 2020: €7,972€7,972Operating result 2021: €7,888€7,888Net result 2021: €7,888€7,888Operating result 2022: €8,342€8,342Net result 2022: €7,800€7,800Operating result 2023: €7,613€7,613Net result 2023: €5,524€5,524Operating result 2024: -€491-€491Net result 2024: -€520-€52020202021202220232024-€2,500€0€2,500€5,000€7,500Operating result 2022: €8,342€8,340Net result 2022: €7,800€7,800Operating result 2023: €7,613€7,610Net result 2023: €5,524€5,520Operating result 2024: -€491-€491Net result 2024: -€520-€520202220232024
The operating result turns negative in 2024: a loss of €491 after €7,613 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180,214
Fixed assets €173,306 ▼ 3.9%
Current assets €6,908 ▼ 92.3%
Equity and liabilities €180,214
Equity €80,343 ▼ 0.6%
Debt €99,871 ▼ 47.1%
Debt's share of the balance-sheet total falls from 70.0% to 55.4%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,592▼
2023 · €14,695
Cash flow
€6,563▼
2023 · €12,606
Current ratio
0.07▼
2023 · 0.47
Debt to equity
1.24▼
2023 · 2.33
ROE
-0.6%▼
2023 · 6.8%
ROA
-0.3%▼
2023 · 2.0%
Interest coverage
219.73▼
2023 · 489.83
Debt ≤ 1 year
€99,871▼
2023 · €188,812
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 12,321 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 · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€269,675€180,214▼
Fixed assets21/28€180,389€173,306▼
Tangible fixed assets22/27€180,389€173,306▼
Land and buildings22€180,389€173,306▼
Current assets29/58€89,286€6,908▼
Cash at bank and in hand54/58€89,286€6,908▼
Equity and liabilities
Total equity and liabilities10/49€269,675€180,214▼
Equity10/15€80,863€80,343▼
Contributions10/11€74,368€74,368=
Capital10€74,368€74,368=
Issued capital100€74,368€74,368=
Reserves13€6,495€6,495=
Non-distributable reserves130/1€6,495€6,495=
Legal reserve130€6,495€6,495=
Profit (loss) carried forward14--€520
Amounts payable17/49€188,812€99,871▼
Amounts payable within one year42/48€188,812€99,871▼
Taxes, remuneration and social security45€2,024€1,684▼
Taxes450/3€2,024€1,684▼
Other amounts payable47/48€186,788€98,187▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,082€7,083=
Other operating charges640/8€1,170€1,208▲
Gross operating margin9900€15,865€7,800▼
Operating profit (loss)9901€7,613-€491▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€30€30=
Recurring financial charges65€30€30=
Profit (loss) for the period before taxes9903€7,583-€520▼
Income taxes67/77€2,059-
Profit (loss) for the period9904€5,524-€520▼
Profit (loss) for the period to be appropriated9905€5,524-€520▼
Appropriation of the result
Profit (loss) to be appropriated9906€5,524-€520▼
Transfer to equity691/2€5,524-
To the legal reserve6920€5,524-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,795€8,795€7,938€7,082€7,083=
Other operating charges640/8-€1,088€1,083€1,170€1,208▲ 3.2%
Gross operating margin9900€17,850€17,771€17,363€15,865€7,800▼ 50.8%
Operating profit (loss)9901€7,972€7,888€8,342€7,613-€491▼ 106%
Financial income75/76B----€1-
Recurring financial income75----€1-
Financial charges65/66B--€20€30€30=
Recurring financial charges65--€20€30€30=
Profit (loss) for the period before taxes9903€7,972€7,888€8,322€7,583-€520▼ 107%
Income taxes67/77--€522€2,059--
Profit (loss) for the period9904€7,972€7,888€7,800€5,524-€520▼ 109%
Profit (loss) for the period to be appropriated9905€7,972€7,888€7,800€5,524-€520▼ 109%
Line20202021202220232024Change
Assets
Total assets20/58€264,439€266,327€268,649€269,675€180,214▼ 33.2%
Fixed assets21/28€204,204€195,409€187,471€180,389€173,306▼ 3.9%
Tangible fixed assets22/27€204,204€195,409€187,471€180,389€173,306▼ 3.9%
Land and buildings22-€195,409€187,471€180,389€173,306▼ 3.9%
Current assets29/58€60,235€70,918€81,178€89,286€6,908▼ 92.3%
Cash at bank and in hand54/58€60,235€70,918€81,178€89,286€6,908▼ 92.3%
Equity and liabilities
Total equity and liabilities10/49€264,439€266,327€268,649€269,675€180,214▼ 33.2%
Equity10/15€59,651€67,539€75,339€80,863€80,343▼ 0.6%
Contributions10/11€74,368€74,368€74,368€74,368€74,368=
Capital10-€74,368€74,368€74,368€74,368=
Issued capital100-€74,368€74,368€74,368€74,368=
Reserves13--€971€6,495€6,495=
Non-distributable reserves130/1--€971€6,495€6,495=
Legal reserve130--€971€6,495€6,495=
Profit (loss) carried forward14-€14,717-€6,829---€520-
Amounts payable17/49€204,788€198,788€193,310€188,812€99,871▼ 47.1%
Amounts payable within one year42/48€204,788€198,788€193,310€188,812€99,871▼ 47.1%
Taxes, remuneration and social security45--€522€2,024€1,684▼ 16.8%
Taxes450/3--€522€2,024€1,684▼ 16.8%
Other amounts payable47/48-€198,788€192,788€186,788€98,187▼ 47.4%
Line20202021202220232024Change
Profit (loss) for the period9904€7,972€7,888€7,800€5,524-€520▼ 109%
+ Depreciation and write-downs630€8,795€8,795€7,938€7,082€7,083=
Operating cash flow (approximation)€16,767€16,683€15,738€12,606€6,563▼ 47.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€10,683€10,260€8,108-€82,378▼ 1,116%

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

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€520
Net result drops to -€520, the lowest in the series.
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2018net €7,972 ▲1.7%
Net result €7,972, the highest in the series.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Rijkevorsel · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
604 m²
Building footprint
280 m²
Volume, LiDAR
1,466 m³
Parcel 13037B0273/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RIVENDEL NV
Kolonieweg 2, 2310 RijkevorselNACE 65231
since 19902.050.734.507
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13037B0273/00B000 Flanders 604 m² 1 · 280 m² 8.1 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 formPublic limited company
Founded18-10-1990
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.

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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.