RIVER
Dissolved and wound up on 16-12-2025Overview
Overview
Official details
Source: KBO- Status
- Dissolved and wound up on 16-12-2025 deed of 19-03-2026
- Activity
- No activity registered in the KBO
- Financial year end
- 16 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 16-12-2025
- Gross margin
- €35,738
- ▲ 46.8%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €29,705
- Equity
- €583,371
- ▲ 5.4%
- Total assets
- €763,145
- ▼ 17.9%
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-04-2026 PDF all 25 filings
Turnover
≈ €140,000
Estimated: probably between €86,000 and €260,000
Total assets
€763,145▼ 17.9%
2024 · €929,450
Net result
€29,705
2024 · -€6,374
Working capital
€65,725
2024 · -€139,513
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€33,701
2025
20182025
Net result
€29,705
2025
20182025
Equity
€583,371
▲ 5.4%
2025
20182025
Total assets
€763,145
▼ 17.9%
2025
20182025
Debt
€179,774
▼ 52.2%
2025
20182025
Working capital
€65,725
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.06m--€0.03m▲ 53.8%-€0.03m▼ 22.6%€0.1m€0.1m▲ 39.5%€0.1m▼ 18.9%-€0.003m€0.03m
Net result-€0.07m--€0.04m▲ 45.6%-€0.04m▼ 11.7%€0.09m€0.1m▲ 40.3%€0.1m▼ 18.1%-€0.006m€0.03m
Equity€0.7m-€0.7m▼ 5.5%€0.6m▼ 6.5%€0.7m▲ 14.9%€0.5m▼ 37.3%€0.6m▲ 23.7%€0.6m▼ 1.1%€0.6m▲ 5.4%
Total assets€1.7m-€1.8m▲ 6.8%€1.8m▲ 2.2%€1.9m▲ 4.4%€1.6m▼ 16.9%€1.1m▼ 31.5%€0.9m▼ 15.4%€0.8m▼ 17.9%
Debt€1.0m-€1.1m▲ 15.6%€1.2m▲ 7.3%€1.2m▼ 1.0%€1.2m▼ 4.8%€0.5m▼ 53.2%€0.4m▼ 30.3%€0.2m▼ 52.2%
Working capital-€0.5m--€0.7m▼ 43.2%-€0.9m▼ 18.2%-€0.7m▲ 16.9%-€0.8m▼ 16.6%-€0.1m▲ 85.7%-€0.1m▼ 17.0%€0.07m
The operating result for 2025 is a profit of €33,701, after a loss of €3,140 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €763,145
Fixed assets
€517,646 ▼ 39.6%
Current assets
€245,499 ▲ 242%
Equity and liabilities €763,145
Equity
€583,371 ▲ 5.4%
Debt
€179,774 ▼ 52.2%
Debt's share of the balance-sheet total falls from 40.4% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.37▲
2024 · 0.34
Debt to equity
0.31▼
2024 · 0.68
ROE
5.1%▲
2024 · -1.2%
ROA
3.9%▲
2024 · -0.7%
Debt ≤ 1 year
€179,774▼
2024 · €211,334
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 16-12-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,326 | - | - | - | - |
| Depreciation and write-downs of the year | €52,942 | €47,515 | €24,653 | €24,653 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €142,134 | €159,855 | €127,558 | - | €40,017 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,677 | €52,728 | €52,509 | €52,942 | €47,515 | €24,653 | €24,653 | - | - |
| Other operating charges640/8 | - | - | - | €4,746 | €12,446 | - | €2,827 | €2,037 | ▼ 28.0% |
| Gross operating margin9900 | €7,656 | €29,995 | €23,831 | €155,970 | €197,077 | €135,921 | €24,340 | €35,738 | ▲ 46.8% |
| Operating profit (loss)9901 | -€59,845 | -€27,648 | -€33,889 | €98,283 | €137,115 | €111,268 | -€3,140 | €33,701 | - |
| Financial income75/76B | - | - | - | €2,959 | €0 | €963 | €912 | €79 | ▼ 91.4% |
| Recurring financial income75 | - | - | - | €2,959 | €0 | €963 | €912 | €79 | ▼ 91.4% |
| Financial charges65/66B | - | - | - | €7,817 | €6,029 | €4,864 | €4,146 | €4,074 | ▼ 1.7% |
| Recurring financial charges65 | €11,694 | €11,305 | €9,618 | €7,817 | €6,029 | €4,864 | €4,146 | €4,074 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | -€71,539 | -€38,953 | -€43,507 | €93,425 | €131,086 | €107,368 | -€6,374 | €29,705 | - |
| Profit (loss) for the period9904 | -€71,539 | -€38,953 | -€43,507 | €93,425 | €131,086 | €107,368 | -€6,374 | €29,705 | - |
| Profit (loss) for the period to be appropriated9905 | -€71,539 | -€38,953 | -€43,507 | €93,425 | €131,086 | €107,368 | -€6,374 | €29,705 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.8m | €1.8m | €1.9m | €1.6m | €1.1m | €0.9m | €0.8m | ▼ 17.9% |
| Fixed assets21/28 | €1.7m | €1.8m | €1.8m | €1.7m | €1.5m | €0.9m | €0.9m | €0.5m | ▼ 39.6% |
| Tangible fixed assets22/27 | €1.7m | €1.8m | €1.8m | €1.7m | €1.5m | €0.9m | €0.9m | €0.5m | ▼ 39.6% |
| Land and buildings22 | - | - | - | €1.7m | €1.5m | €0.9m | €0.9m | €0.5m | ▼ 39.6% |
| Current assets29/58 | €0.01m | €0.006m | €0.02m | €0.2m | €0.08m | €0.2m | €0.07m | €0.2m | ▲ 242% |
| Amounts receivable after more than one year29 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Amounts receivable within one year40/41 | - | €75 | €0.008m | - | - | €289 | €0.001m | - | - |
| Other amounts receivable41 | - | - | - | - | - | €289 | €0.001m | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.006m | €0.006m | €0.2m | €0.07m | €0.2m | €0.07m | €0.2m | ▲ 245% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €1.8m | €1.9m | €1.6m | €1.1m | €0.9m | €0.8m | ▼ 17.9% |
| Equity10/15 | €0.7m | €0.7m | €0.6m | €0.7m | €0.5m | €0.6m | €0.6m | €0.6m | ▲ 5.4% |
| Contributions10/11 | €1.1m | €1.1m | - | €1.1m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.4m | -€0.4m | -€0.3m | -€0.2m | -€0.1m | -€0.1m | -€0.09m | ▲ 25.5% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €0.5m | €0.4m | €0.2m | ▼ 52.2% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | - | - |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.7m | €0.9m | €0.9m | €0.9m | €0.3m | €0.2m | €0.2m | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.04m | €0.04m | €0.04m | - | - |
| Trade debts44 | €80 | - | €0.001m | €0.001m | €309 | - | - | - | - |
| Suppliers440/4 | - | - | - | €0.001m | €309 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.9m | €0.3m | €0.2m | €0.2m | ▲ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€71,539 | -€38,953 | -€43,507 | €93,425 | €131,086 | €107,368 | -€6,374 | €29,705 | - |
| + Depreciation and write-downs630 | €47,677 | €52,728 | €52,509 | €52,942 | €47,515 | €24,653 | €24,653 | - | - |
| Operating cash flow (approximation) | -€23,862 | €13,776 | €9,003 | €146,367 | €178,601 | €132,021 | €18,279 | €29,705 | ▲ 62.5% |
| Investment in fixed assets (approximation) | - | -€172,553 | -€78,567 | €56,540 | €145,145 | €620,184 | €0 | €339,983 | - |
| Change in cash | - | -€4,894 | -€567 | €199,553 | -€134,304 | €139,475 | -€139,308 | €174,240 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 16-12-2025 | micro format | 01-04-2026 | 2026-00070827 | |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00117923 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00119942 | |
| 31-12-2022 | micro format | 01-06-2023 | 2023-00110092 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20056680 | |
| 31-12-2020 | micro format | 23-06-2021 | 2021-23300219 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15200130 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22700020 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-21200131 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-55800344 |
Board & ownership
Directors
Directors
Last change in 2026
Owners and capital
Owners
Mandate history
1 person, 0 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| VANDERSTEEN Ria |
|
Timeline
Deeds, filings and financial milestones
2026
01-04
micro format · 106 days before the deadline
19-03
Gazette deed
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed on 16-12-2025 · Resignation: VANDERSTEEN Ria (director) · Director discharge: VANDERSTEEN Ria3 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed on 16-12-2025 · Resignation: VANDERSTEEN Ria (director) · Director discharge: VANDERSTEEN Ria3 points ▸
- General meeting, 16-12-2025
- Director resignation, VANDERSTEEN Ria (director (not named in the articles))
- Director discharge, VANDERSTEEN Ria
- The deed holds 12 more points.
2025
16-12
Financial
Back to profitnet €29,705
The net result is €29,705, after one loss-making year.
16-12
Financial
Liquidity quadruplescurrent ratio 1.37
The current ratio rises from 0.34 to 1.37. Short-term debt falls from €211,334 to €179,774.
03-06
micro format · 58 days before the deadline
2024
03-06
micro format · 58 days before the deadline
2023
31-12
Financial
Equity above €500,000equity €560,039 ▲23.7%
After 3 profitable years in a row, equity reaches €560,039.
01-06
micro format · 60 days before the deadline
2022
31-12
Financial
Highest result from 2018 to 2025net €131,086 ▲40.3%
The operating result of €137,115 and the net result of €131,086 are both a record.
09-06
micro format · 52 days before the deadline
2021
31-12
Financial
Back to profitnet €93,425
The net result is €93,425, after 3 loss-making years.
23-06
micro format · 38 days before the deadline
Show earlier events
2020
08-06
micro format · 53 days before the deadline
2019
25-06
micro format · 36 days before the deadline
2018
20-06
micro format · 41 days before the deadline
2017
31-08
micro format · 31 days late
2000
04-04
Gazette deed
Incorporation
13 publications in the Belgian Official Gazette, the last on 19-03-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Dissolved and wound up on 16 December 2025
RIVER is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 19 March 2026 · deed
- Last annual accounts
- financial year to 16 December 2025
- Last registered office
- Ledigheidweg 18, 3210 Lubbeekas published on 19 March 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2001