RIVES 903
ActiveRIVES 903 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-21k. Equity is shrinking by ~15.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 32% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+25
Solvency27=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.56 against 2.14 in 2024; short-term debt: 4% and cash: 1.4% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-21k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
25 d late
2024
58 d early
2023
42 d early
2022
53 d early
2021
62 d early
2020
30 d early
2019
45 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 33.0%
2024 · €63k
2019: €147k
2020: €130k
2021: €113k
2022: €120k
2023: €99k
2024: €63k
2019 → 2025
Total assets
€2.59M▲ 2.6%
2024 · €2.52M
2019: €204k
2020: €189k
2021: €179k
2022: €269k
2023: €839k
2024: €2.52M
2019 → 2025
Net result
€-21k▲ 42.4%
2024 · €-36k
2019: €-17k
2020: €-16k
2021: €-18k
2022: €-301
2023: €-21k
2024: €-36k
2019 → 2025
Working capital
€-45k
2024 · €146k
2019: €142k
2020: €108k
2021: €70k
2022: €-67k
2023: €-56k
2024: €146k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€120k▲ 6.1%€99k▼ 17.5%€63k▼ 36.4%€42k▼ 33.0%
Operating result€-18k-€-252▲ 98.6%€-21k▼ 8,058%€-35k▼ 72.3%€19k
Net result€-18k-€-301▲ 98.3%€-21k▼ 6,834%€-36k▼ 72.1%€-21k▲ 42.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €35k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€2.53M▲ 12.5%
Current assets
€58k▼ 78.7%
Equity and liabilities €2.59M
Equity
€42k▼ 33.0%
Provisions
€33k▼ 7.1%
Debt
€2.51M▲ 3.7%
The debt ratio rises from 96.1% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€121k▲
2024 · €-32k
Cash flow
€81k▲
2024 · €-33k
Solvency
1.6%▼
2024 · 2.5%
Current ratio
0.56▼
2024 · 2.14
Quick ratio
0.56▼
2024 · 2.14
Debt / equity
59.81▲
2024 · 38.62
ROE
-49.3%▲
2024 · -57.3%
ROA
-0.8%▲
2024 · -1.4%
Interest coverage
2.87▲
2024 · -54.93
Debt
€2.51M▲
2024 · €2.42M
Debt ≤ 1 year
€104k▼
2024 · €128k
Debt > 1 year
€2.40M▲
2024 · €2.29M
Income taxes
€17▲
2024 · €-8
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.52M€2.59M▲
Fixed assets21/28€2.25M€2.53M▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€2.25M€2.53M▲
Land and buildings22€2k€2.45M▲
Plant, machinery and equipment23€2k€24k▲
Furniture and vehicles24€5k€47k▲
Assets under construction and advance payments27€2.24M-
Financial fixed assets28-€500
Current assets29/58€274k€58k▼
Amounts receivable within one year40/41€258k€20k▼
Trade receivables40€6k€16k▲
Other amounts receivable41€252k€4k▼
Cash at bank and in hand54/58€14k€37k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.59M▲
Equity10/15€63k€42k▼
Contributions10/11€32k€32k=
Reserves13€109k€99k▼
Tax-exempt reserves132€108k€98k▼
Distributable reserves133€963€963=
Profit (loss) carried forward14€-78k€-89k▼
Provisions and deferred taxes16€36k€33k▼
Deferred taxes168€36k€33k▼
Amounts payable17/49€2.42M€2.51M▲
Amounts payable after more than one year17€2.29M€2.40M▲
Financial debts170/4€1.47M€1.42M▼
Other amounts payable178/9€815k€974k▲
Amounts payable within one year42/48€128k€104k▼
Current portion of amounts payable after more than one year42€26k€48k▲
Trade debts44€102k€20k▼
Suppliers440/4€102k€20k▼
Advances received on contracts in progress46-€30k
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€5k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€102k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-29k€123k▲
Operating profit (loss)9901€-35k€19k▲
Financial income75/76B€0€69▲
Recurring financial income75€0€69▲
Financial charges65/66B€583€42k▲
Recurring financial charges65€583€42k▲
Profit (loss) for the period before taxes9903€-36k€-23k▲
Transfer from deferred taxes780-€3k
Income taxes67/77€-8€17▲
Profit (loss) for the period9904€-36k€-21k▲
Transfer from tax-exempt reserves789-€10k
Profit (loss) for the period to be appropriated9905€-36k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-89k▼
Profit (loss) brought forward from the previous period14P€-43k€-78k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.14
Current ratio from 0.48 to 2.14.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Aubel · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de la Clouse 144880 AubelGround area
4.8 ha
Building footprint
392 m²
Volume, LiDAR
1,278 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RIVES 903
since 20182.273.251.121
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63015A1206/00G000 | Wallonia | 4.4 ha | 1 · 175 m² | 9.2 m · 2 fl. |
| 63003C0465/00G000 | Wallonia | 4,135 m² | 1 · 216 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CASARA
BE 0799.600.890
Seraing · Eq €42k
DE 4 BRUGSE BEREN
BE 0711.914.078
Brugge · Eq €43k
VANHEGEN CONSULTING
BE 0475.701.064
Brugge · Eq €43k
VASTGOEDTEAM
BE 0828.196.193
Gistel · Eq €41k
AMS
BE 0860.822.144
Brussel · Eq €43k
Of 2,999 companies in sector 55203 we hold annual accounts for 689. 487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2018
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.