RUVAR
ActiveRUVAR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €-94k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 1727 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very 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
Profitability2▼-74
Solvency44▼-20
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.56 against 1.34 in 2024; short-term debt: 34% and cash: 4.4% of total assets), and 80.6% 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.
−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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
-13.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1727 sector peers (2025).
NBB · sector comparisonPosition among 1727 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
31 d late
2022
31 d late
2021
11 d late
2020
20 d late
2019
25 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€136k▼ 40.9%
2024 · €231k
2018: €212k
2019: €261k
2020: €264k
2021: €220k
2022: €309k
2023: €196k
2024: €231k
2018 → 2025
Total assets
€705k▲ 18.6%
2024 · €594k
2018: €988k
2019: €1.40M
2020: €1.71M
2021: €1.79M
2022: €834k
2023: €643k
2024: €594k
2018 → 2025
Net result
€-94k
2024 · €35k
2018: €34k
2019: €50k
2020: €3k
2021: €-44k
2022: €89k
2023: €-112k
2024: €35k
2018 → 2025
Working capital
€-105k
2024 · €78k
2018: €319k
2019: €671k
2020: €635k
2021: €429k
2022: €130k
2023: €46k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€309k▲ 40.4%€196k▼ 36.4%€231k▲ 17.7%€136k▼ 40.9%
Operating result€-29k-€65k€-105k€40k€-89k
Net result€-44k-€89k€-112k€35k€-94k
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 turns negative in 2025: a loss of €89k after €40k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €705k
Fixed assets
€571k▲ 98.1%
Current assets
€134k▼ 56.1%
Equity and liabilities €705k
Equity
€136k▼ 40.9%
Debt
€569k▲ 56.5%
The debt ratio rises from 61.1% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-45k▼
2024 · €86k
Cash flow
€-50k▼
2024 · €81k
Solvency
19.4%▼
2024 · 38.9%
Current ratio
0.56▼
2024 · 1.34
Quick ratio
0.56▼
2024 · 1.34
Debt / equity
4.17▲
2024 · 1.57
ROE
-69.2%▼
2024 · 15.0%
ROA
-13.4%▼
2024 · 5.8%
Interest coverage
-8.85▼
2024 · 16.18
Debt
€569k▲
2024 · €363k
Debt ≤ 1 year
€240k▲
2024 · €228k
Debt > 1 year
€329k▲
2024 · €135k
Staff costs
€143k▲
2024 · €83k
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€594k€705k▲
Fixed assets21/28€288k€571k▲
Tangible fixed assets22/27€287k€570k▲
Plant, machinery and equipment23€246k€244k▼
Furniture and vehicles24€42k€326k▲
Financial fixed assets28€670€670=
Current assets29/58€306k€134k▼
Amounts receivable within one year40/41€276k€79k▼
Trade receivables40€276k€59k▼
Other amounts receivable41€14€20k▲
Cash at bank and in hand54/58€23k€31k▲
Deferred charges and accrued income490/1€8k€24k▲
Equity and liabilities
Total equity and liabilities10/49€594k€705k▲
Equity10/15€231k€136k▼
Contributions10/11€19k€19k=
Reserves13€212k€118k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€139k€39k▼
Distributable reserves133€71k€79k▲
Amounts payable17/49€363k€569k▲
Amounts payable after more than one year17€135k€329k▲
Financial debts170/4€135k€329k▲
Amounts payable within one year42/48€228k€240k▲
Current portion of amounts payable after more than one year42€45k€94k▲
Trade debts44€144k€94k▼
Suppliers440/4€144k€94k▼
Taxes, remuneration and social security45€15k€19k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€24k€32k▲
Accrued charges and deferred income492/3€40€141▲
Income statement
Code20242025
Remuneration, social security and pensions62€83k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€45k▼
Other operating charges640/8€24k€51k▲
Gross operating margin9900€193k€149k▼
Operating profit (loss)9901€40k€-89k▼
Financial income75/76B€7€0▼
Recurring financial income75€7€0▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€35k€-94k▼
Profit (loss) for the period9904€35k€-94k▼
Transfer to tax-exempt reserves689€49k€0▼
Profit (loss) for the period to be appropriated9905€-14k€-94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-94k▼
Transfer from equity791/2€14k€100k▲
Transfer to equity691/2-€6k
To other reserves6921-€6k
Social balance
Average headcount (FTE)90871.32.0▲
The notes to these accounts (18 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €200kEq €231k ▲17.7%
Equity rises from €196k to €231k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-112k ▼227%
Net result drops to €-112k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pittem · 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.
Vijfstraat 14 BIS8740 PittemGround area
774 m²
Building footprint
119 m²
Volume, LiDAR
455 m³
Parcel 37011C0473/00B000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RUVAR
since 19962.078.004.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011C0473/00B000 | Flanders | 773 m² | 1 · 119 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 4 entries · 2,103 EUR awarded · 2,103 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
| 2024 | 1 | 0 EUR | 144 EUR |
| 2023 | 2 | 1,893 EUR | 1,749 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 sitePittem2.078.004.274
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Of 1,580 companies in sector 01620 we hold annual accounts for 218. 171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-1996
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
01620Support activities for animal production
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.