Riverthree
ActiveSummary
The computed 12-month bankruptcy probability of Riverthree is 7.3% (elevated). The 2025 annual accounts show negative equity (-€6,849) and a net result of €5,325. Equity is growing by ~62.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 823 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-5
Solvency22▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
7.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.44 in 2024; short-term debt: 93.6% and cash: 9.9% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 · 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 2025Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
2%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 823 sector peers (2025).
NBB · sector comparisonPosition among 823 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,325▼ 45.8%
2024 · €9,821
Working capital
-€140,746▲ 2.2%
2024 · -€143,854
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€29,875-€20,416€16,266▼ 20.3%
Net result-€39,994below the sector's middle half-€9,821within the sector's middle half€5,325▼ 45.8%
Equity-€21,994below the sector's middle half--€12,174below the sector's middle half▲ 44.7%-€6,849▲ 43.7%
Total assets€328,862above the sector's middle half-€307,396within the sector's middle half▼ 6.5%€263,453▼ 14.3%
Debt€350,856-€319,569▼ 8.9%€270,301▼ 15.4%
Working capital-€120,694below the sector's middle half--€143,854below the sector's middle half▼ 19.2%-€140,746▲ 2.2%
Solvency-6.7%within the sector's middle half--4.0%within the sector's middle half▲ 2.7pp-2.6%▲ 1.4pp
Current ratio0.47below the sector's middle half-0.44below the sector's middle half▼ 0.030.43▼ 0.01
Return on assets (ROA)-12.2%below the sector's middle half-3.2%within the sector's middle half▲ 15.4pp2.0%▼ 1.2pp
Staff (FTE)13.8-17.8above the sector's middle half▲ 29.0%12▼ 32.6%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,453
Fixed assets
€157,572 ▼ 19.8%
Current assets
€105,880 ▼ 4.6%
Key figures and ratios
EBITDA
€56,897▼
2024 · €59,777
Cash flow
€45,956▼
2024 · €49,182
Quick ratio
0.26▼
2024 · 0.28
Debt to equity
-39.47▼
2024 · -26.25
Interest coverage
5.25▼
2024 · 5.62
Debt ≤ 1 year
€246,626▼
2024 · €254,887
Debt > 1 year
€21,789▼
2024 · €63,381
Income taxes
€100
Staff costs
€352,504▲
2024 · €337,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 262 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
1.1%
went bankrupt
0.8%
stopped otherwise
97%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 7.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 262 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €6,000 | - | - | - |
| Remuneration, social security and pensions62 | €259,829 | €337,465 | €352,504 | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,293 | €39,361 | €40,631 | ▲ 3.2% |
| Other operating charges640/8 | €5,301 | €7,208 | €7,743 | ▲ 7.4% |
| Gross operating margin9900 | €265,548 | €404,450 | €417,144 | ▲ 3.1% |
| Operating profit (loss)9901 | -€29,875 | €20,416 | €16,266 | ▼ 20.3% |
| Financial income75/76B | €0 | €36 | €3 | ▼ 92.4% |
| Recurring financial income75 | €0 | €36 | €3 | ▼ 92.4% |
| Financial charges65/66B | €10,120 | €10,631 | €10,844 | ▲ 2.0% |
| Recurring financial charges65 | €10,120 | €10,631 | €10,844 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€39,994 | €9,821 | €5,425 | ▼ 44.8% |
| Income taxes67/77 | - | - | €100 | - |
| Profit (loss) for the period9904 | -€39,994 | €9,821 | €5,325 | ▼ 45.8% |
| Profit (loss) for the period to be appropriated9905 | -€39,994 | €9,821 | €5,325 | ▼ 45.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €328,862 | €307,396 | €263,453 | ▼ 14.3% |
| Fixed assets21/28 | €222,087 | €196,362 | €157,572 | ▼ 19.8% |
| Tangible fixed assets22/27 | €222,007 | €196,362 | €157,572 | ▼ 19.8% |
| Plant, machinery and equipment23 | €145,061 | €119,705 | €92,181 | ▼ 23.0% |
| Furniture and vehicles24 | €1,239 | €674 | €110 | ▼ 83.8% |
| Other tangible fixed assets26 | €75,706 | €75,983 | €65,282 | ▼ 14.1% |
| Financial fixed assets28 | €80 | - | - | - |
| Current assets29/58 | €106,775 | €111,033 | €105,880 | ▼ 4.6% |
| Stocks and contracts in progress3 | €42,844 | €39,655 | €42,948 | ▲ 8.3% |
| Stocks30/36 | €42,844 | €39,655 | €42,948 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €48,501 | €56,788 | €35,639 | ▼ 37.2% |
| Trade receivables40 | €32,858 | €43,666 | €27,983 | ▼ 35.9% |
| Other amounts receivable41 | €15,643 | €13,122 | €7,656 | ▼ 41.7% |
| Cash at bank and in hand54/58 | €14,130 | €13,472 | €25,972 | ▲ 92.8% |
| Deferred charges and accrued income490/1 | €1,300 | €1,119 | €1,321 | ▲ 18.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €328,862 | €307,396 | €263,453 | ▼ 14.3% |
| Equity10/15 | -€21,994 | -€12,174 | -€6,849 | ▲ 43.7% |
| Contributions10/11 | €18,000 | €18,000 | €18,000 | = |
| Profit (loss) carried forward14 | -€39,994 | -€30,174 | -€24,849 | ▲ 17.6% |
| Amounts payable17/49 | €350,856 | €319,569 | €270,301 | ▼ 15.4% |
| Amounts payable after more than one year17 | €121,391 | €63,381 | €21,789 | ▼ 65.6% |
| Financial debts170/4 | €46,459 | €31,481 | €16,289 | ▼ 48.3% |
| Other amounts payable178/9 | €74,932 | €31,900 | €5,500 | ▼ 82.8% |
| Amounts payable within one year42/48 | €227,468 | €254,887 | €246,626 | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €14,768 | €28,906 | €29,116 | ▲ 0.7% |
| Financial debts43 | €30,000 | €30,000 | €30,000 | = |
| Credit institutions430/8 | €30,000 | €30,000 | €30,000 | = |
| Trade debts44 | €137,946 | €123,854 | €101,035 | ▼ 18.4% |
| Suppliers440/4 | €137,946 | €123,854 | €101,035 | ▼ 18.4% |
| Taxes, remuneration and social security45 | €44,755 | €62,127 | €76,475 | ▲ 23.1% |
| Taxes450/3 | €20,051 | €20,412 | €29,273 | ▲ 43.4% |
| Remuneration and social security454/9 | €24,704 | €41,715 | €47,202 | ▲ 13.2% |
| Other amounts payable47/48 | - | €10,000 | €10,000 | = |
| Accrued charges and deferred income492/3 | €1,996 | €1,301 | €1,886 | ▲ 45.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,994 | €9,821 | €5,325 | ▼ 45.8% |
| + Depreciation and write-downs630 | €30,293 | €39,361 | €40,631 | ▲ 3.2% |
| Operating cash flow (approximation) | -€9,702 | €49,182 | €45,956 | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | -€13,637 | -€1,841 | ▲ 86.5% |
| Change in cash | - | -€658 | €12,501 | ▲ 1,999% |
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
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €9,821
Net result €9,821 after one loss-making year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Esneux · 2 establishment units since 2022
Ground area
5,004 m²
Building footprint
1,647 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Riverthree
since 20222.329.912.383
Riverthree
since 20222.329.912.482
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0316/00D002 | Wallonia | 4,586 m² | 1 · 1,347 m² | - |
| 62101D0223/00W000 | Wallonia | 418 m² | 1 · 300 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEsneux2.329.912.482
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 2,547 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-2022
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
55900Accommodation
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783719022
Also
9925:BE0783719022
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.