RIVER PROJECT
ActiveSummary
RIVER PROJECT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,847 and a net result of -€1,427. Equity remains stable across the filed fiscal years (±2% per year). The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 16 days after 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
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Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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%.
| 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 3,442 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €0 | €4,691 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,198 | €10,020 | €5,214 | €4,723 | €4,659 | ▼ 1.3% |
| Other operating charges640/8 | €3,880 | €3,866 | €4,065 | €4,042 | €4,169 | ▲ 3.1% |
| Non-recurring operating charges66A | €12 | €0 | €424 | €118 | - | - |
| Gross operating margin9900 | €10,387 | €16,779 | €12,617 | €3,270 | €6,564 | ▲ 101% |
| Operating profit (loss)9901 | -€9,704 | €2,892 | €2,914 | -€5,613 | -€2,265 | ▲ 59.7% |
| Financial income75/76B | - | - | €7,921 | €1,057 | €882 | ▼ 16.6% |
| Recurring financial income75 | - | - | €345 | €1,057 | €882 | ▼ 16.6% |
| Non-recurring financial income76B | - | - | €7,575 | - | - | - |
| Financial charges65/66B | €597 | €187 | €112 | €46 | €45 | ▼ 2.6% |
| Recurring financial charges65 | €597 | €187 | €112 | €46 | €45 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | -€10,301 | €2,706 | €10,723 | -€4,601 | -€1,427 | ▲ 69.0% |
| Profit (loss) for the period9904 | -€10,301 | €2,706 | €10,723 | -€4,601 | -€1,427 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,301 | €2,706 | €10,723 | -€4,601 | -€1,427 | ▲ 69.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,943 | €158,894 | €160,514 | €154,616 | €154,611 | = |
| Fixed assets21/28 | €70,045 | €60,721 | €46,553 | €41,830 | €37,171 | ▼ 11.1% |
| Tangible fixed assets22/27 | €70,045 | €60,721 | €46,553 | €41,830 | €37,171 | ▼ 11.1% |
| Land and buildings22 | €56,284 | €50,492 | €45,971 | €41,451 | €36,930 | ▼ 10.9% |
| Furniture and vehicles24 | €13,762 | €10,229 | €582 | €380 | €241 | ▼ 36.6% |
| Current assets29/58 | €90,897 | €98,173 | €113,961 | €112,786 | €117,440 | ▲ 4.1% |
| Stocks and contracts in progress3 | €13,413 | €10,863 | - | - | - | - |
| Stocks30/36 | €13,413 | €10,863 | - | - | - | - |
| Amounts receivable within one year40/41 | €18,187 | €15,031 | €1,391 | €421 | €582 | ▲ 38.3% |
| Trade receivables40 | €2,655 | €3,946 | €925 | - | - | - |
| Other amounts receivable41 | €15,532 | €11,085 | €467 | €421 | €582 | ▲ 38.3% |
| Cash at bank and in hand54/58 | €58,807 | €71,882 | €112,546 | €112,331 | €116,823 | ▲ 4.0% |
| Deferred charges and accrued income490/1 | €491 | €398 | €23 | €34 | €36 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,943 | €158,894 | €160,514 | €154,616 | €154,611 | = |
| Equity10/15 | €130,447 | €133,152 | €143,875 | €139,274 | €137,847 | ▼ 1.0% |
| Contributions10/11 | €33,786 | €33,786 | €33,786 | €33,786 | €33,786 | = |
| Outside capital11 | - | - | - | €33,786 | - | - |
| Other1109/19 | - | - | - | €33,786 | - | - |
| Reserves13 | €82,213 | €82,213 | €82,213 | €82,213 | €82,213 | = |
| Distributable reserves133 | €82,213 | €82,213 | €82,213 | €82,213 | €82,213 | = |
| Profit (loss) carried forward14 | €14,448 | €17,153 | €27,876 | €23,275 | €21,848 | ▼ 6.1% |
| Amounts payable17/49 | €30,496 | €25,741 | €16,639 | €15,342 | €16,765 | ▲ 9.3% |
| Amounts payable after more than one year17 | €8,073 | €2,974 | - | - | - | - |
| Financial debts170/4 | €8,073 | €2,974 | - | - | - | - |
| Amounts payable within one year42/48 | €20,973 | €21,317 | €15,639 | €14,342 | €15,765 | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | €5,099 | €5,099 | - | - | - | - |
| Trade debts44 | €15,234 | €15,578 | €14,998 | €13,702 | €15,124 | ▲ 10.4% |
| Suppliers440/4 | €15,234 | €15,578 | €14,998 | €13,702 | €15,124 | ▲ 10.4% |
| Taxes, remuneration and social security45 | €496 | €496 | €496 | €496 | €496 | = |
| Remuneration and social security454/9 | €496 | €496 | €496 | €496 | €496 | = |
| Other amounts payable47/48 | €144 | €144 | €144 | €144 | €144 | = |
| Accrued charges and deferred income492/3 | €1,450 | €1,450 | €1,000 | €1,000 | €1,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,301 | €2,706 | €10,723 | -€4,601 | -€1,427 | ▲ 69.0% |
| + Depreciation and write-downs630 | €16,198 | €10,020 | €5,214 | €4,723 | €4,659 | ▼ 1.3% |
| Operating cash flow (approximation) | €5,898 | €12,725 | €15,937 | €122 | €3,232 | ▲ 2,560% |
| Investment in fixed assets (approximation) | - | -€695 | €8,954 | €0 | €0 | - |
| Change in cash | - | €13,075 | €40,665 | -€215 | €4,492 | ▲ 2,189% |
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 4 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. |
|---|---|---|---|---|
| 22003A0077/00H003 | Flanders | 414 m² | 1 · 97 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 28 September 2026 · Peppol Directory
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