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RIVV

Active
Public limited companyfounded 199630 yrs activeKrinkelt,Mürringer Weg 19, 4761 Büllingen, BelgiumKBO/BCE: BE 0458.815.839
Summary

RIVV has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €876,150 and a net result of -€7,228. Equity is shrinking by ~14.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 95% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 36.16 against 4.26 in 2024; short-term debt: 0.2% and cash: 6.5% of total assets), and 0.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.7%
Return on assets
-0.8%
Age of the figures
12 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
2 d early
2023
8 d early
2022
3 d early
2021
1 d early
2020
3 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

RIVV was incorporated on 18 September 1996.1 Total assets fell from EUR 20 million in 2018 to EUR 879,158 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,228
2024 · €14,954
Working capital
€70,676▲ 55.2%
2024 · €45,546
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result-€77,867▲ 8.6%-€89,597▼ 15.1%€32,277€19,332▼ 40.1%-€7,025
Net result€21,648within the sector's middle half▼ 87.6%€445,980above the sector's middle half▲ 1,960%€114,303within the sector's middle half▼ 74.4%€14,954within the sector's middle half▼ 86.9%-€7,228below the sector's middle half
Equity€20.0mabove the sector's middle half▲ 0.1%€20.5mabove the sector's middle half▲ 2.2%€868,425within the sector's middle half▼ 95.8%€883,378within the sector's middle half▲ 1.7%€876,150within the sector's middle half▼ 0.8%
Total assets€20.2mabove the sector's middle half▼ 0.2%€20.6mabove the sector's middle half▲ 2.2%€990,385within the sector's middle half▼ 95.2%€898,326within the sector's middle half▼ 9.3%€879,158within the sector's middle half▼ 2.1%
Debt€13,000▼ 80.3%€3,942▼ 69.7%€121,961▲ 2,994%€14,948▼ 87.7%€3,008▼ 79.9%
Working capital€19.1mabove the sector's middle half▲ 0.6%€19.6mabove the sector's middle half▲ 2.6%€603within the sector's middle half▼ 100.0%€45,546within the sector's middle half▲ 7,449%€70,676within the sector's middle half▲ 55.2%
Solvency99.3%above the sector's middle half▲ 0.3pp99.3%above the sector's middle half▲ 0.1pp87.7%above the sector's middle half▼ 11.6pp98.3%above the sector's middle half▲ 10.7pp99.7%above the sector's middle half▲ 1.3pp
Current ratio1.00within the sector's middle half4.26above the sector's middle half▲ 3.2536.16above the sector's middle half▲ 31.90
Return on assets (ROA)0.1%below the sector's middle half▼ 0.8pp2.2%within the sector's middle half▲ 2.1pp11.5%within the sector's middle half▲ 9.4pp1.7%within the sector's middle half▼ 9.9pp-0.8%below the sector's middle half▼ 2.5pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2021 Net result -88% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: -€77,867-€77,867Net result 2021: €21,648€21,648Operating result 2022: -€89,597-€89,597Net result 2022: €445,980€445,980Operating result 2023: €32,277€32,277Net result 2023: €114,303€114,303Operating result 2024: €19,332€19,332Net result 2024: €14,954€14,954Operating result 2025: -€7,025-€7,025Net result 2025: -€7,228-€7,22820212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €32,277€32,300Net result 2023: €114,303€114,000Operating result 2024: €19,332€19,300Net result 2024: €14,954€15,000Operating result 2025: -€7,025-€7,030Net result 2025: -€7,228-€7,230202320242025
The operating result turns negative in 2025: a loss of €7,025 after €19,332 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €879,158
Fixed assets €806,473 ▼ 3.9%
Current assets €72,686 ▲ 22.1%
Equity and liabilities €879,158
Equity €876,150 ▼ 0.8%
Debt €3,008 ▼ 79.9%
Debt's share of the balance-sheet total falls from 1.7% to 0.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€37,149▼
2024 · €62,068
Cash flow
€36,946▼
2024 · €57,690
Debt to equity
0.00▼
2024 · 0.02
ROE
-0.8%▼
2024 · 1.7%
Interest coverage
163.74▼
2024 · 194.41
Debt ≤ 1 year
€2,010▼
2024 · €13,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€898,326€879,158▼
Fixed assets21/28€838,800€806,473▼
Tangible fixed assets22/27€838,800€806,473▼
Land and buildings22€833,348€802,211▼
Plant, machinery and equipment23€5,453€4,262▼
Current assets29/58€59,526€72,686▲
Amounts receivable within one year40/41€8,250€13,278▲
Trade receivables40€8,250€13,200▲
Other amounts receivable41-€78
Current investments50/53€2,000€2,000=
Cash at bank and in hand54/58€48,987€57,030▲
Deferred charges and accrued income490/1€289€378▲
Equity and liabilities
Total equity and liabilities10/49€898,326€879,158▼
Equity10/15€883,378€876,150▼
Contributions10/11€125,297€125,297=
Capital10€125,297€125,297=
Issued capital100€125,297€125,297=
Reserves13€14,530€14,530=
Non-distributable reserves130/1€14,530€14,530=
Legal reserve130€12,530€12,530=
Own shares acquired1312€2,000€2,000=
Profit (loss) carried forward14€743,552€736,324▼
Amounts payable17/49€14,948€3,008▼
Amounts payable within one year42/48€13,980€2,010▼
Trade debts44€9,761€1,924▼
Suppliers440/4€9,761€1,924▼
Taxes, remuneration and social security45€4,219-
Taxes450/3€4,219-
Other amounts payable47/48-€85
Accrued charges and deferred income492/3€968€998▲
Income statement Code20242025
Non-recurring operating income76A€4,404-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42,736€44,175▲
Other operating charges640/8€4,421€3,883▼
Gross operating margin9900€66,489€41,032▼
Operating profit (loss)9901€19,332-€7,025▼
Financial income75/76B-€24
Recurring financial income75-€24
Financial charges65/66B€319€227▼
Recurring financial charges65€319€227▼
Profit (loss) for the period before taxes9903€19,013-€7,228▼
Income taxes67/77€4,059-
Profit (loss) for the period9904€14,954-€7,228▼
Profit (loss) for the period to be appropriated9905€14,954-€7,228▼
Appropriation of the result
Profit (loss) to be appropriated9906€743,552€736,324▼
Profit (loss) brought forward from the previous period14P€728,598€743,552▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€32,629-€4,132€4,404--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,015€41,589€42,320€42,736€44,175▲ 3.4%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€135,368---
Other operating charges640/8€3,505€3,803€4,109€4,421€3,883▼ 12.2%
Gross operating margin9900-€28,347-€44,205-€56,661€66,489€41,032▼ 38.3%
Operating profit (loss)9901-€77,867-€89,597€32,277€19,332-€7,025▼ 136%
Financial income75/76B€108,330€537,534€109,584-€24-
Recurring financial income75€108,330€537,534€76,834-€24-
Non-recurring financial income76B--€32,750---
Financial charges65/66B€934€1,585€357€319€227▼ 28.9%
Recurring financial charges65€934€1,585€357€319€227▼ 28.9%
Profit (loss) for the period before taxes9903€29,528€446,352€141,503€19,013-€7,228▼ 138%
Income taxes67/77€7,880€371€27,201€4,059--
Profit (loss) for the period9904€21,648€445,980€114,303€14,954-€7,228▼ 148%
Profit (loss) for the period to be appropriated9905€21,648€445,980€114,303€14,954-€7,228▼ 148%
Line20212022202320242025Change
Assets
Total assets20/58€20.2m€20.6m€990,385€898,326€879,158▼ 2.1%
Fixed assets21/28€1.0m€1.0m€868,781€838,800€806,473▼ 3.9%
Tangible fixed assets22/27€946,809€905,220€868,781€838,800€806,473▼ 3.9%
Land and buildings22€946,809€905,220€865,886€833,348€802,211▼ 3.7%
Plant, machinery and equipment23--€2,896€5,453€4,262▼ 21.8%
Financial fixed assets28€100,000€100,000----
Current assets29/58€19.1m€19.6m€121,604€59,526€72,686▲ 22.1%
Amounts receivable after more than one year29€18.4m€18.4m----
Other amounts receivable291€18.4m€18.4m----
Amounts receivable within one year40/41€312-€6,599€8,250€13,278▲ 60.9%
Trade receivables40€312--€8,250€13,200▲ 60.0%
Other amounts receivable41--€6,599-€78-
Current investments50/53€2,000€2,000€2,000€2,000€2,000=
Cash at bank and in hand54/58€652,916€1.0m€112,628€48,987€57,030▲ 16.4%
Deferred charges and accrued income490/1€84,403€177,275€377€289€378▲ 30.8%
Equity and liabilities
Total equity and liabilities10/49€20.2m€20.6m€990,385€898,326€879,158▼ 2.1%
Equity10/15€20.0m€20.5m€868,425€883,378€876,150▼ 0.8%
Contributions10/11€125,297€125,297€125,297€125,297€125,297=
Capital10€125,297€125,297€125,297€125,297€125,297=
Issued capital100€125,297€125,297€125,297€125,297€125,297=
Reserves13€14,530€14,530€14,530€14,530€14,530=
Non-distributable reserves130/1€14,530€14,530€14,530€14,530€14,530=
Legal reserve130€12,530€12,530€12,530€12,530€12,530=
Own shares acquired1312€2,000€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€19.9m€20.3m€728,598€743,552€736,324▼ 1.0%
Provisions and deferred taxes16€135,368€135,368----
Provisions for liabilities and charges160/5€135,368€135,368----
Pensions and similar obligations160€135,368€135,368----
Amounts payable17/49€13,000€3,942€121,961€14,948€3,008▼ 79.9%
Amounts payable within one year42/48€13,000€3,942€121,001€13,980€2,010▼ 85.6%
Trade debts44€4,402€2,176€11,213€9,761€1,924▼ 80.3%
Suppliers440/4€4,402€2,176€11,213€9,761€1,924▼ 80.3%
Taxes, remuneration and social security45€7,945€1,112€5,788€4,219--
Taxes450/3€7,945€1,112€5,788€4,219--
Other amounts payable47/48€654€654€104,000-€85-
Accrued charges and deferred income492/3--€960€968€998▲ 3.2%
Line20212022202320242025Change
Profit (loss) for the period9904€21,648€445,980€114,303€14,954-€7,228▼ 148%
+ Depreciation and write-downs630€46,015€41,589€42,320€42,736€44,175▲ 3.4%
Operating cash flow (approximation)€67,663€487,570€156,623€57,690€36,946▼ 36.0%
Investment in fixed assets (approximation)-€0€94,118-€12,755-€11,847▲ 7.1%
Change in cash-€390,022-€930,310-€63,641€8,044▲ 113%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
28-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial Weakest financial yearnet -€7,228
Net result drops to -€7,228, the lowest in the series.
30-09
Financial Liquidity times 8current ratio 36.16
Current ratio from 4.26 to 36.16; short-term debt falls from €13,980 to €2,010.
28-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial Liquidity quadruplescurrent ratio 4.26
Current ratio from 1.00 to 4.26; short-term debt falls from €121,001 to €13,980.
22-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
27-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial Highest result since 2018net €445,980 ▲1,960%
Net result €445,980, the highest in the series.
30-09
Financial Liquidity triplescurrent ratio 4977.38
Current ratio from 1472.23 to 4977.38; short-term debt falls from €13,000 to €3,942.
29-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial Liquidity times 5current ratio 1472.23
Current ratio from 288.79 to 1472.23; short-term debt falls from €66,057 to €13,000.
27-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
28-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Büllingen · 1 establishment unit since 1996
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.

Krinkelt,Mürringer Weg 194761 Büllingen
1 establishment unit
RIVV
Krinkelt,Mürringer Weg 19, 4761 BüllingenNACE 70201
since 19962.078.487.987

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. BSK Management & Service 99%
  2. RIVV

Highest known parent: BSK Management & Service. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the annual accounts to 30-09-2022 of RIVV and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-09-1996
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0458815839
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.