RIVULUS
ActiveThe computed 12-month bankruptcy probability of RIVULUS is 1.6% (moderate). The 2025 annual accounts show equity of €117k and a net result of €51k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 27787 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+73
Solvency60▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.1 in 2024; short-term debt: 45.8% and cash: 0% of total assets), and 64.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.1%
Return on assets
15.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d early
2022
8 d early
2021
3 d early
2020
3 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▲ 5.1%
2024 · €111k
2019: €72k
2020: €-14k
2021: €13k
2022: €72k
2023: €167k
2024: €111k
2019 → 2025
Total assets
€333k▼ 28.9%
2024 · €468k
2019: €362k
2020: €270k
2021: €251k
2022: €244k
2023: €557k
2024: €468k
2019 → 2025
Net result
€51k
2024 · €-56k
2019: €-28k
2020: €-86k
2021: €27k
2022: €59k
2023: €95k
2024: €-56k
2019 → 2025
Working capital
€17k▼ 18.2%
2024 · €21k
2019: €13k
2020: €-95k
2021: €-47k
2022: €12k
2023: €144k
2024: €21k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€72k▲ 465%€167k▲ 133%€111k▼ 33.5%€117k▲ 5.1%
Operating result€33k-€65k▲ 96.5%€127k▲ 94.5%€-35k€70k
Net result€27k-€59k▲ 120%€95k▲ 61.1%€-56k€51k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €70k after a loss of €35k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333k
Fixed assets
€164k▼ 34.0%
Current assets
€169k▼ 23.2%
Equity and liabilities €333k
Equity
€117k▲ 5.1%
Debt
€216k▼ 39.5%
The debt ratio falls from 76.2% to 64.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▲
2024 · €31k
Cash flow
€117k▲
2024 · €10k
Solvency
35.1%▲
2024 · 23.8%
Current ratio
1.11▲
2024 · 1.10
Quick ratio
0.92▼
2024 · 1.00
Debt / equity
1.85▼
2024 · 3.21
ROE
43.4%▲
2024 · -50.5%
ROA
15.2%▲
2024 · -12.0%
Interest coverage
7.28▲
2024 · 1.29
Debt
€216k▼
2024 · €357k
Debt ≤ 1 year
€152k▼
2024 · €200k
Debt > 1 year
€64k▼
2024 · €157k
Income taxes
€6k▲
2024 · €824
Staff costs
€37k▼
2024 · €48k
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€468k€333k▼
Fixed assets21/28€248k€164k▼
Tangible fixed assets22/27€248k€160k▼
Land and buildings22€2k€5k▲
Plant, machinery and equipment23€92k€78k▼
Furniture and vehicles24€148k€71k▼
Other tangible fixed assets26€6k€6k=
Financial fixed assets28€135€3k▲
Current assets29/58€220k€169k▼
Stocks and contracts in progress3€21k€28k▲
Stocks30/36€21k€28k▲
Amounts receivable within one year40/41€192k€135k▼
Trade receivables40€74k€60k▼
Other amounts receivable41€117k€75k▼
Cash at bank and in hand54/58€108€0▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€468k€333k▼
Equity10/15€111k€117k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€97k€103k▲
Amounts payable17/49€357k€216k▼
Amounts payable after more than one year17€157k€64k▼
Financial debts170/4€157k€64k▼
Amounts payable within one year42/48€200k€152k▼
Current portion of amounts payable after more than one year42€107k€92k▼
Financial debts43€6k€24k▲
Credit institutions430/8€6k€24k▲
Trade debts44€85k€21k▼
Suppliers440/4€85k€21k▼
Taxes, remuneration and social security45€1k€14k▲
Taxes450/3€824€14k▲
Remuneration and social security454/9€673€0▼
Income statement
Code20242025
Non-recurring operating income76A€839€0▼
Remuneration, social security and pensions62€48k€37k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€67k▲
Other operating charges640/8€11k€6k▼
Non-recurring operating charges66A€10k€20k▲
Gross operating margin9900€100k€200k▲
Operating profit (loss)9901€-35k€70k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€24k€19k▼
Recurring financial charges65€24k€19k▼
Profit (loss) for the period before taxes9903€-55k€57k▲
Income taxes67/77€824€6k▲
Profit (loss) for the period9904€-56k€51k▲
Profit (loss) for the period to be appropriated9905€-56k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€103k▲
Profit (loss) brought forward from the previous period14P€153k€52k▼
Transfer from equity791/2-€45k
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
The notes to these accounts (15 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €95k ▲61.1%
Operating result €127k, net result €95k, both a record.
30-06
Financial
Equity above €150kEq €167k ▲133%
3 profitable years in a row build equity to €167k.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beerse · 3 establishment units since 2015
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.
Beemdenstraat 352340 BeerseGround area
1.9 ha
Building footprint
2,507 m²
Volume, LiDAR
1,670 m³
3 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
RIVULUS
since 20152.245.181.103
Rivulus
since 20172.259.650.632
Rivulus
since 20262.389.400.901
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73003C0482/00A000 | Flanders | 1.4 ha | 1 · 2,235 m² | - |
| 13004D0176/00V026 | Flanders | 4,174 m² | - | - |
| 73076D0165/00C000 | Flanders | 817 m² | 1 · 272 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,971 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,221 EUR | 150 EUR |
| 2023 | 1 | 600 EUR | 600 EUR |
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Sprimont · Eq €117k
GERT JANSSENS & ZN
BE 0467.980.656
Beveren-Kruibeke-Zwijndrecht · Eq €117k
SANITEC
BE 0467.110.131
Wichelen · Eq €117k
Ets MW
BE 0758.594.933
Gembloux · Eq €117k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 3,042 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2015
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
81220Other building cleaning and industrial cleaning
43211General electrical installation work
43331Floor and wall tiling
43350Other building finishing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.