riverview
ActiveSummary
riverview has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€277,084) and a net result of -€92,952. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 6% of 1,376 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-01-2008 Normal situation
- Activity
- Other personal services NACE 96999and 5 others
- Establishment unit
- 2.169.078.663 1180 Ukkel, since 09-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
Annual accounts 2025
- Gross margin
- -€95,095
- Loss
- €92,952
- Equity
- -€277,084
- ▼ 50.5%
- Total assets
- €62,322
- ▼ 87.4%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €92,952 (financial year 2025)Negative equity -€277,084lowers riskSize: total assets €62,322Founded in 2008Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 10% of micro companies in personal services (NACE 96)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -444.6% of total assets
Liquidity
5+5
short-term debt 544.6% · cash 3.7%
Profitability
0-100
return on assets -149.1%
Bankruptcy probability within 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.5%● unchanged vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.7%▲ +0.1 percentage points vs 01-2026
03-2026: 0.6%▼ -0.1 percentage points vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 1.5%● unchanged vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026highest value
11-2026: 1.5%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.18 (0.73 in 2024), below 1. Short-term debt is 544.6% and cash 3.7% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 11% of them on solvency, 6% on liquidity, 9% on profitability and 13% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€277,084
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
14 days early
2023
15 days early
2022
7 days early
2021
21 days late
2020
23 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 18 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€92,952
2024 · €210,187
Working capital
-€277,084▼ 50.5%
2024 · -€184,131
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€95,495
2025
20182025
Net result
-€92,952
2025
lowest quarter of the sector
20182025
Equity
-€277,084
▼ 50.5%
2025
lowest quarter of the sector
20182025
Total assets
€62,322
▼ 87.4%
2025
middle half of the sector
20182025
Debt
€339,406
▼ 50.1%
2025
20182025
Working capital
-€277,084
▼ 50.5%
2025
lowest quarter of the sector
20182025
Solvency
-444.6%
▼ 407.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.18
▼ 0.55
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-149.1%
▼ 191.5pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.08m-€0.03m▼ 56.8%€0.09m▲ 173%-€0.6m€0.2m-€0.002m€0.1m-€0.1m
Net result€0.08m-€0.03m▼ 56.9%€0.09mabove the sector's middle half▲ 173%-€0.6mbelow the sector's middle half€0.2mabove the sector's middle half-€0.002mwithin the sector's middle half€0.2mabove the sector's middle half-€0.09mbelow the sector's middle half
Equity-€0.09m--€0.06m▲ 37.8%€0.04mwithin the sector's middle half-€0.6mbelow the sector's middle half-€0.4mbelow the sector's middle half▲ 33.9%-€0.4mbelow the sector's middle half▼ 0.5%-€0.2mbelow the sector's middle half▲ 53.3%-€0.3mbelow the sector's middle half▼ 50.5%
Total assets€2.2m-€2.1m▼ 4.7%€2.1mabove the sector's middle half▼ 0.4%€0.6mwithin the sector's middle half▼ 72.6%€0.5mwithin the sector's middle half▼ 8.7%€0.5mwithin the sector's middle half▼ 3.5%€0.5mabove the sector's middle half▼ 2.9%€0.06mwithin the sector's middle half▼ 87.4%
Debt€2.3m-€2.2m▼ 6.0%€2.1m▼ 4.6%€1.2m▼ 43.6%€0.9m▼ 21.5%€0.9m▼ 1.8%€0.7m▼ 24.8%€0.3m▼ 50.1%
Working capital-€0.09m--€0.06m▲ 37.8%€0.04mwithin the sector's middle half-€0.6mbelow the sector's middle half-€0.4mbelow the sector's middle half▲ 33.9%-€0.4mbelow the sector's middle half▼ 0.5%-€0.2mbelow the sector's middle half▲ 53.3%-€0.3mbelow the sector's middle half▼ 50.5%
Solvency-4.0%--2.6%▲ 1.4pp1.7%within the sector's middle half▲ 4.3pp-102.3%below the sector's middle half▼ 104.0pp-74.1%below the sector's middle half▲ 28.2pp-77.1%below the sector's middle half▼ 3.1pp-37.1%below the sector's middle half▲ 40.0pp-444.6%below the sector's middle half▼ 407.5pp
Current ratio0.96-0.97▲ 0.011.02within the sector's middle half▲ 0.040.49below the sector's middle half▼ 0.520.57below the sector's middle half▲ 0.080.56below the sector's middle half▼ 0.010.73within the sector's middle half▲ 0.160.18below the sector's middle half▼ 0.55
Return on assets (ROA)3.5%-1.6%▼ 1.9pp4.3%within the sector's middle half▲ 2.8pp-108.6%below the sector's middle half▼ 112.9pp38.0%above the sector's middle half▲ 146.6pp-0.3%within the sector's middle half▼ 38.4pp42.3%above the sector's middle half▲ 42.7pp-149.1%below the sector's middle half▼ 191.5pp
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €95,495, after a profit of €148,824 in 2024.
Key figures and ratios
Debt ≤ 1 year
€339,406▼
2024 · €680,660
Income taxes
€850
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | €645,328 | - | - | - | - | - |
| Gross operating margin9900 | €83,268 | €42,693 | €97,267 | €14,927 | €201,527 | -€1,284 | €149,212 | -€95,095 | - |
| Operating profit (loss)9901 | €78,333 | €33,804 | €92,189 | -€630,401 | €201,527 | -€1,668 | €148,824 | -€95,495 | - |
| Financial income75/76B | - | - | - | - | - | - | €61,408 | €3,783 | ▼ 93.8% |
| Recurring financial income75 | - | - | - | - | - | - | €61,408 | €3,783 | ▼ 93.8% |
| Financial charges65/66B | - | - | - | €57 | €79 | €119 | €45 | €391 | ▲ 768% |
| Recurring financial charges65 | €39 | €39 | €111 | €57 | €79 | €119 | €45 | €391 | ▲ 768% |
| Profit (loss) for the period before taxes9903 | €78,294 | €33,765 | €92,078 | -€630,458 | €201,448 | -€1,788 | €210,187 | -€92,103 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €850 | - |
| Profit (loss) for the period9904 | €78,294 | €33,765 | €92,078 | -€630,458 | €201,448 | -€1,788 | €210,187 | -€92,952 | - |
| Profit (loss) for the period to be appropriated9905 | €78,294 | €33,765 | €92,078 | -€630,458 | €201,448 | -€1,788 | €210,187 | -€92,952 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.1m | €2.1m | €0.6m | €0.5m | €0.5m | €0.5m | €0.06m | ▼ 87.4% |
| Current assets29/58 | €2.2m | €2.1m | €2.1m | €0.6m | €0.5m | €0.5m | €0.5m | €0.06m | ▼ 87.4% |
| Stocks and contracts in progress3 | €2.1m | €2.1m | €2.1m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | - | €0.001m | €139 | €0.5m | €0.5m | €166 | - | - |
| Other amounts receivable41 | - | - | - | €139 | €0.5m | €0.5m | €166 | - | - |
| Current investments50/53 | - | - | - | - | - | - | €0.5m | €0.06m | ▼ 87.9% |
| Cash at bank and in hand54/58 | €0.002m | €0.009m | €236 | €0.6m | €0.03m | €0.01m | €0.001m | €0.002m | ▲ 70.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.1m | €0.6m | €0.5m | €0.5m | €0.5m | €0.06m | ▼ 87.4% |
| Equity10/15 | -€0.09m | -€0.06m | €0.04m | -€0.6m | -€0.4m | -€0.4m | -€0.2m | -€0.3m | ▼ 50.5% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | - | €0.2m | - |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | - | €0.2m | - |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.2m | -€0.8m | -€0.6m | -€0.6m | -€0.4m | -€0.5m | ▼ 24.2% |
| Amounts payable17/49 | €2.3m | €2.2m | €2.1m | €1.2m | €0.9m | €0.9m | €0.7m | €0.3m | ▼ 50.1% |
| Amounts payable within one year42/48 | €2.3m | €2.2m | €2.1m | €1.2m | €0.9m | €0.9m | €0.7m | €0.3m | ▼ 50.1% |
| Trade debts44 | - | - | €24 | - | €0.03m | €0.03m | - | - | - |
| Suppliers440/4 | - | - | - | - | €0.03m | €0.03m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.02m | - | - | €0.01m | - |
| Taxes450/3 | - | - | - | - | €0.02m | - | - | €0.01m | - |
| Other amounts payable47/48 | - | - | - | €1.2m | €0.9m | €0.9m | €0.7m | €0.3m | ▼ 52.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,294 | €33,765 | €92,078 | -€630,458 | €201,448 | -€1,788 | €210,187 | -€92,952 | - |
| Operating cash flow (approximation) | €78,294 | €33,765 | €92,078 | -€630,458 | €201,448 | -€1,788 | €210,187 | -€92,952 | - |
| Change in cash | - | €7,147 | -€8,451 | €580,306 | -€550,512 | -€18,959 | -€9,708 | €959 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as riverview has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of riverview itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for riverview. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00309866 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00280002 | |
| 31-12-2023 | full format | 16-07-2024 | 2024-00248434 | |
| 31-12-2022 | full format | 24-07-2023 | 2023-00264931 | |
| 31-12-2021 | full format | 21-08-2022 | 2022-20299671 | |
| 31-12-2020 | full format | 23-08-2021 | 2021-52700025 | |
| 31-12-2019 | full format | 08-10-2020 | 2020-60600439 | |
| 31-12-2018 | full format | 25-08-2019 | 2019-51100400 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-42700259 | |
| 31-12-2016 | full format | 04-08-2017 | 2017-42100528 |
Board & ownership
Directors
Directors
1 director, 1 in day-to-day management, last change in 2023
Board 1
Michel Lipszyc
Current
Director · in office according to the act of 11-04-2023
Day-to-day management 1
Michel Lipszyc
Current
Managing director · in office according to the act of 11-04-2023
Owners and capital
Owners
Mandate history
3 people, 1 in office
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Michel Lipszyc |
|
| Jerry Lipszyc |
|
| Renaud De Decker |
|
Network & group
riverview shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of riverview. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
17-07
abbreviated format · 14 days before the deadline
2025
17-07
micro format · 14 days before the deadline
2024
31-12
Financial
Back to profitnet €210,187
The net result is €210,187, after one loss-making year.
16-07
full format · 15 days before the deadline
2023
24-07
full format · 7 days before the deadline
11-04
Gazette deed
Resignation: Renaud De Decker (director)Reappointments: Michel Lipszyc (director) and Jerry Lipszyc (director) · Director discharge6 points ▸
Gazette deed
Resignation: Renaud De Decker (director)
Reappointments: Michel Lipszyc (director) and Jerry Lipszyc (director) · Director discharge6 points ▸
- General meeting, 28-03-2023
- Director resignation, Renaud De Decker (director)
- Director discharge, Renaud De Decker
- Director reappointment, Michel Lipszyc (director)
- Director reappointment, Jerry Lipszyc (director)
- Director reappointment, Michel Lipszyc (managing director)
2022
31-12
Financial
Back to profitnet €201,448
The net result is €201,448, after one loss-making year.
21-08
full format · 21 days late
2021
31-12
Financial
Weakest financial yearnet -€630,458
The net result drops to -€630,458, the lowest from 2018 to 2025. It recovers the following year.
23-08
full format · 23 days late
2020
08-10
full format · 69 days late
2019
25-08
full format · 25 days late
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
Register details
Identity
KBO recordName
riverview in French
Enterprise number
0894.974.458
Legal form
Public limited company
Status
Active, normale toestand
Founded
09-01-2008
Entity type
Legal entity
Registered office and establishments
Registered office
Drossaardgaarde 7, 1180 Ukkel, Belgium
Establishment unit
RIVERVIEW, Drossaardgaarde 7, 1180 Ukkel since 09-01-2008 · unit number 2.169.078.663
Activities
NACEBEL 202596999
Other personal services main activity
70200
Business and other management consultancy
71112
Activities of interior architects
71113
Urban planning and landscape architecture
71121
Engineering and related technical consultancy, excluding land surveyors
82990
Other business support services
Codes under NACEBEL 2008
96099
Personal service activities main activity
70220
Business consulting
71112
Architectural and engineering activities; technical testing and analysis
71113
Architectural and engineering activities; technical testing and analysis
71121
Engineering activities
82990
Other business support services
Invoicing and payment
VAT number
BE 0894.974.458
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,181 m²
Building footprint
392 m²
Building volume
5,333 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612D0108/00D002 | Brussels | 2,181 m² | 1 · 392 m² | 18.2 m · 5 |