RIVER-BAY
ActiveSummary
The computed 12-month bankruptcy probability of RIVER-BAY is 2.0% (moderate). The 2025 annual accounts show negative equity (-€28,969) and a net result of -€674. Equity is shrinking by ~2.5% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 1 day 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)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,621 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €100 | €200 | €100 | €100 | €100 | = |
| Gross operating margin9900 | -€478 | -€420 | -€427 | -€427 | -€429 | ▼ 0.4% |
| Operating profit (loss)9901 | -€578 | -€620 | -€527 | -€527 | -€529 | ▼ 0.4% |
| Financial income75/76B | €348 | €348 | - | - | - | - |
| Recurring financial income75 | €348 | €348 | - | - | - | - |
| Financial charges65/66B | €115 | €141 | €153 | €153 | €146 | ▼ 5.0% |
| Recurring financial charges65 | €115 | €141 | €153 | €153 | €146 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | -€346 | -€413 | -€680 | -€680 | -€674 | ▲ 0.8% |
| Profit (loss) for the period9904 | -€346 | -€413 | -€680 | -€680 | -€674 | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | -€346 | -€413 | -€680 | -€680 | -€674 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23 | €90 | €13 | €23 | €1,635 | ▲ 7,156% |
| Current assets29/58 | €23 | €90 | €13 | €23 | €1,635 | ▲ 7,156% |
| Cash at bank and in hand54/58 | €23 | €90 | €13 | €23 | €1,635 | ▲ 7,156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23 | €90 | €13 | €23 | €1,635 | ▲ 7,156% |
| Equity10/15 | -€26,521 | -€26,934 | -€27,614 | -€28,294 | -€28,969 | ▼ 2.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€34,581 | -€34,994 | -€35,674 | -€36,354 | -€37,029 | ▼ 1.9% |
| Amounts payable17/49 | €26,544 | €27,024 | €27,627 | €28,317 | €30,604 | ▲ 8.1% |
| Amounts payable within one year42/48 | €26,544 | €27,024 | €27,627 | €28,317 | €30,604 | ▲ 8.1% |
| Other amounts payable47/48 | €26,544 | €27,024 | €27,627 | €28,317 | €30,604 | ▲ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€346 | -€413 | -€680 | -€680 | -€674 | ▲ 0.8% |
| Operating cash flow (approximation) | -€346 | -€413 | -€680 | -€680 | -€674 | ▲ 0.8% |
| Change in cash | - | €67 | -€77 | €10 | €1,613 | ▲ 16,208% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0428/00L002 | Flanders | 717 m² | 1 · 150 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Company details
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 30 September 2026 · Peppol Directory
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