RIVVAS
ActiveSummary
RIVVAS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-11
Solvency50▲+11
Growth65=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.94 in 2024; short-term debt: 68.9% and cash: 15.2% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €135k
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 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
27 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
29 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, full schema
Turnover
€3.94M▲ 17.9%
2022 · €3.34M
EBIT margin
8.2%▲ 6.5pp
2022 · 1.7%
Net result
€44k▼ 46.8%
2024 · €83k
Working capital
€57k
2024 · €-29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.45M▼ 32.4%€3.34M▲ 36.1%€3.94M▲ 17.9%
Operating result€-40k▲ 57.9%€57k€324k▲ 464%€106k▼ 67.3%€66k▼ 37.7%
Net result€-62k▲ 49.9%€36k€303k▲ 750%€83k▼ 72.6%€44k▼ 46.8%
EBIT margin-1.6%▲ 1.0pp1.7%▲ 3.4pp8.2%▲ 6.5pp
Equity€-331k▼ 22.9%€-295k▲ 10.8%€8k€91k▲ 1,045%€135k▲ 48.5%
Total assets€678k▼ 16.4%€532k▼ 21.5%€587k▲ 10.3%€658k▲ 12.2%€550k▼ 16.5%
Debt€1.01M▼ 6.6%€827k▼ 18.0%€579k▼ 30.0%€567k▼ 2.0%€415k▼ 26.9%
Working capital€-385k▲ 4.9%€-355k▲ 7.8%€-86k▲ 75.9%€-29k▲ 66.6%€57k
Staff (FTE)12.1▼ 11.0%14.7▲ 21.5%14.2▼ 3.4%15.2▲ 7.0%16.5▲ 8.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€114k ▼ 33.7%
Current assets
€436k ▼ 10.4%
Equity and liabilities €550k
Equity
€135k ▲ 48.5%
Debt
€415k ▼ 26.9%
Debt's share of the balance-sheet total falls from 86.2% to 75.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124k▼
2024 · €162k
Cash flow
€102k▼
2024 · €138k
Current ratio
1.15▲
2024 · 0.94
Quick ratio
0.39▼
2024 · 0.41
Debt to equity
3.07▼
2024 · 6.24
ROE
32.7%▼
2024 · 91.3%
ROA
8.0%▼
2024 · 12.6%
Interest coverage
5.48▼
2024 · 6.81
Debt ≤ 1 year
€379k▼
2024 · €515k
Debt > 1 year
€36k▼
2024 · €53k
Staff costs
€364k▲
2024 · €360k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.45M | €3.34M | €3.94M | - | - | - |
| Non-recurring operating income76A | - | - | €10k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €2.92M | €3.31M | - | - | - |
| Remuneration, social security and pensions62 | - | €241k | €275k | €360k | €364k | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146k | €122k | €51k | €55k | €58k | ▲ 4.8% |
| Other operating charges640/8 | - | €5k | €4k | €186 | €7k | ▲ 3,662% |
| Gross operating margin9900 | €265k | €425k | €654k | €522k | €495k | ▼ 5.2% |
| Operating profit (loss)9901 | €-40k | €57k | €324k | €106k | €66k | ▼ 37.7% |
| Financial income75/76B | - | €447 | €5 | €610 | €688 | ▲ 12.8% |
| Recurring financial income75 | €137 | €447 | €5 | €610 | €688 | ▲ 12.8% |
| Financial charges65/66B | - | €22k | €21k | €24k | €23k | ▼ 4.6% |
| Recurring financial charges65 | €22k | €22k | €21k | €24k | €23k | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €-62k | €36k | €303k | €83k | €44k | ▼ 46.8% |
| Profit (loss) for the period9904 | €-62k | €36k | €303k | €83k | €44k | ▼ 46.8% |
| Profit (loss) for the period to be appropriated9905 | €-62k | €36k | €303k | €83k | €44k | ▼ 46.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €678k | €532k | €587k | €658k | €550k | ▼ 16.5% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €360k | €239k | €205k | €172k | €114k | ▼ 33.7% |
| Tangible fixed assets22/27 | €357k | €235k | €202k | €169k | €111k | ▼ 34.4% |
| Plant, machinery and equipment23 | - | €4k | €7k | €11k | €8k | ▼ 28.3% |
| Furniture and vehicles24 | - | €0 | €0 | €13k | €8k | ▼ 39.4% |
| Leasing and similar rights25 | - | €0 | €0 | - | - | - |
| Other tangible fixed assets26 | - | €232k | €195k | €145k | €95k | ▼ 34.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €318k | €293k | €382k | €486k | €436k | ▼ 10.4% |
| Stocks and contracts in progress3 | €219k | €244k | €279k | €278k | €288k | ▲ 3.9% |
| Stocks30/36 | - | €244k | €279k | €278k | €288k | ▲ 3.9% |
| Amounts receivable within one year40/41 | €24k | €28k | €45k | €92k | €60k | ▼ 35.5% |
| Trade receivables40 | - | €9k | €8k | €8k | €13k | ▲ 51.9% |
| Other amounts receivable41 | - | €19k | €36k | €84k | €47k | ▼ 44.3% |
| Cash at bank and in hand54/58 | €69k | €19k | €54k | €116k | €84k | ▼ 27.7% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €624 | €4k | ▲ 561% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €678k | €532k | €587k | €658k | €550k | ▼ 16.5% |
| Equity10/15 | €-331k | €-295k | €8k | €91k | €135k | ▲ 48.5% |
| Contributions10/11 | - | €200k | €200k | €200k | €200k | = |
| Profit (loss) carried forward14 | €-531k | €-495k | €-192k | €-109k | €-65k | ▲ 40.4% |
| Amounts payable17/49 | €1.01M | €827k | €579k | €567k | €415k | ▼ 26.9% |
| Amounts payable after more than one year17 | €305k | €176k | €110k | €53k | €36k | ▼ 31.6% |
| Financial debts170/4 | - | €176k | €110k | €53k | €36k | ▼ 31.6% |
| Amounts payable within one year42/48 | €703k | €649k | €467k | €515k | €379k | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | €135k | €74k | €64k | €17k | ▼ 74.0% |
| Trade debts44 | €527k | €458k | €346k | €367k | €271k | ▼ 26.1% |
| Suppliers440/4 | - | €458k | €346k | €367k | €271k | ▼ 26.1% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €52k | €47k | €74k | €81k | ▲ 9.8% |
| Taxes450/3 | - | €3k | €3k | €4k | €6k | ▲ 69.1% |
| Remuneration and social security454/9 | - | €49k | €44k | €70k | €75k | ▲ 6.7% |
| Other amounts payable47/48 | - | €5k | €0 | €9k | €9k | = |
| Accrued charges and deferred income492/3 | - | €2k | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-62k | €36k | €303k | €83k | €44k | ▼ 46.8% |
| + Depreciation and write-downs630 | €146k | €122k | €51k | €55k | €58k | ▲ 4.8% |
| Operating cash flow (approximation) | €85k | €157k | €354k | €138k | €102k | ▼ 26.1% |
| Investment in fixed assets (approximation) | - | €0 | €-17k | €-23k | €0 | ▲ 100% |
| Change in cash | - | €-49k | €34k | €62k | €-32k | ▼ 152% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Equity above €100kEq €135k ▲48.5%
4 profitable years in a row build equity to €135k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
31-03
Financial
Highest result since 2019net €303k ▲750%
Operating result €324k, net result €303k, both a record.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
31-03
Financial
Back to profitnet €36k
Net result €36k after 3 loss-making years.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
31-03
Financial
Weakest financial yearnet €-123k
Net result drops to €-123k, the lowest in the series; recovery starts the following year.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Charleroi · 1 establishment unit since 2017
Ground area
27 m²
Parcel 52011D0126/02S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RIVVAS
since 20172.261.703.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0126/02S000indicative | Wallonia | 27 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel 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 siteCharleroi2.261.703.369
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 4,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2017
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
46311Wholesale trade
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
47251Retail sale of wines and spirits
Scores and ratios are computed by Checked and are not a credit decision.