RVE Electronics
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 19 filings
Turnover
≈ €210,000
Estimated: probably between €160,000 and €340,000
Total assets
€138,172▲ 2.5%
2024 · €134,741
Net result
€14,334▼ 54.6%
2024 · €31,574
Working capital
€65,767▲ 31.1%
2024 · €50,176
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€25,730
▼ 50.9%
2025
20182025
Net result
€14,334
▼ 54.6%
2025
middle half of the sector
20182025
Equity
€81,451
▲ 21.4%
2025
middle half of the sector
20182025
Total assets
€138,172
▲ 2.5%
2025
middle half of the sector
20182025
Debt
€56,720
▼ 16.1%
2025
20182025
Working capital
€65,767
▲ 31.1%
2025
middle half of the sector
20182025
Solvency
58.9%
▲ 9.1pp
2025
middle half of the sector
20182025
Current ratio
2.48
▲ 0.42
2025
middle half of the sector
20182025
Return on assets (ROA)
10.4%
▼ 13.1pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€8-€6,794-€1,022-€13,759▼ 1,247%€4,346€20,210▲ 365%€52,398▲ 159%€25,730▼ 50.9%
Net result-€2,644-€3,088-€1,843below the sector's middle half-€14,511below the sector's middle half▼ 687%€3,666within the sector's middle half€14,438within the sector's middle half▲ 294%€31,574above the sector's middle half▲ 119%€14,334within the sector's middle half▼ 54.6%
Equity€30,705-€33,794▲ 10.1%€31,951within the sector's middle half▼ 5.5%€17,439within the sector's middle half▼ 45.4%€21,105within the sector's middle half▲ 21.0%€35,543within the sector's middle half▲ 68.4%€67,117within the sector's middle half▲ 88.8%€81,451within the sector's middle half▲ 21.4%
Total assets€77,951-€67,252▼ 13.7%€63,098within the sector's middle half▼ 6.2%€41,793below the sector's middle half▼ 33.8%€38,806below the sector's middle half▼ 7.1%€97,003within the sector's middle half▲ 150%€134,741within the sector's middle half▲ 38.9%€138,172within the sector's middle half▲ 2.5%
Debt€47,245-€33,458▼ 29.2%€31,148▼ 6.9%€24,354▼ 21.8%€17,701▼ 27.3%€61,460▲ 247%€67,623▲ 10.0%€56,720▼ 16.1%
Working capital€15,369-€25,440▲ 65.5%€22,491within the sector's middle half▼ 11.6%€7,931within the sector's middle half▼ 64.7%€17,877within the sector's middle half▲ 125%€23,171within the sector's middle half▲ 29.6%€50,176within the sector's middle half▲ 117%€65,767within the sector's middle half▲ 31.1%
Solvency39.4%-50.2%▲ 10.9pp50.6%within the sector's middle half▲ 0.4pp41.7%within the sector's middle half▼ 8.9pp54.4%within the sector's middle half▲ 12.7pp36.6%within the sector's middle half▼ 17.7pp49.8%within the sector's middle half▲ 13.2pp58.9%within the sector's middle half▲ 9.1pp
Current ratio1.47-2.05▲ 0.571.81within the sector's middle half▼ 0.241.33within the sector's middle half▼ 0.492.01within the sector's middle half▲ 0.681.70within the sector's middle half▼ 0.312.07within the sector's middle half▲ 0.372.48within the sector's middle half▲ 0.42
Return on assets (ROA)-3.4%-4.6%▲ 8.0pp-2.9%below the sector's middle half▼ 7.5pp-34.7%below the sector's middle half▼ 31.8pp9.4%within the sector's middle half▲ 44.2pp14.9%above the sector's middle half▲ 5.4pp23.4%above the sector's middle half▲ 8.5pp10.4%within the sector's middle half▼ 13.1pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 51% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,172
Fixed assets
€28,104 ▼ 25.2%
Current assets
€110,067 ▲ 13.3%
Equity and liabilities €138,172
Equity
€81,451 ▲ 21.4%
Debt
€56,720 ▼ 16.1%
Debt's share of the balance-sheet total falls from 50.2% to 41.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,319▼
2024 · €62,182
Cash flow
€24,923▼
2024 · €41,359
Quick ratio
2.41▲
2024 · 2.03
Debt to equity
0.70▼
2024 · 1.01
ROE
17.6%▼
2024 · 47.0%
Interest coverage
18.05▼
2024 · 23.98
Debt ≤ 1 year
€44,300▼
2024 · €46,975
Debt > 1 year
€12,420▼
2024 · €20,649
Income taxes
€9,390▼
2024 · €18,247
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,141 | - | €44,802 | €6,546 | €1,104 |
| Depreciation and write-downs of the year | €6,259 | €6,280 | €6,653 | €9,784 | €10,589 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €905 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,851 | €13,576 | €6,599 | €6,259 | €6,280 | €6,653 | €9,784 | €10,589 | ▲ 8.2% |
| Other operating charges640/8 | - | - | - | €1,675 | €1,689 | €1,388 | €1,122 | €1,347 | ▲ 20.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €549 | €0 | - | - |
| Gross operating margin9900 | €17,561 | €20,923 | €7,205 | -€5,825 | €12,315 | €28,801 | €63,304 | €37,666 | ▼ 40.5% |
| Operating profit (loss)9901 | -€8 | €6,794 | -€1,022 | -€13,759 | €4,346 | €20,210 | €52,398 | €25,730 | ▼ 50.9% |
| Financial income75/76B | - | - | - | €11 | €0 | €3 | €17 | €7 | ▼ 59.9% |
| Recurring financial income75 | - | €0 | €9 | €11 | €0 | €3 | €17 | €7 | ▼ 59.9% |
| Financial charges65/66B | - | - | - | €264 | €150 | €1,431 | €2,593 | €2,012 | ▼ 22.4% |
| Recurring financial charges65 | €1,079 | €501 | €385 | €264 | €150 | €1,431 | €2,593 | €2,012 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | -€1,087 | €6,293 | -€1,398 | -€14,012 | €4,195 | €18,783 | €49,822 | €23,724 | ▼ 52.4% |
| Income taxes67/77 | €1,557 | €3,205 | €445 | €499 | €530 | €4,345 | €18,247 | €9,390 | ▼ 48.5% |
| Profit (loss) for the period9904 | -€2,644 | €3,088 | -€1,843 | -€14,511 | €3,666 | €14,438 | €31,574 | €14,334 | ▼ 54.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,644 | €3,088 | -€1,843 | -€14,511 | €3,666 | €14,438 | €31,574 | €14,334 | ▼ 54.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,951 | €67,252 | €63,098 | €41,793 | €38,806 | €97,003 | €134,741 | €138,172 | ▲ 2.5% |
| Fixed assets21/28 | €30,210 | €17,549 | €12,877 | €9,508 | €3,228 | €40,828 | €37,590 | €28,104 | ▼ 25.2% |
| Tangible fixed assets22/27 | €29,960 | €17,299 | €12,627 | €9,508 | €3,228 | €40,828 | €37,590 | €28,104 | ▼ 25.2% |
| Land and buildings22 | - | - | - | €641 | €549 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,131 | €600 | €246 | €79 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €7,737 | €2,079 | €40,582 | €30,993 | €22,238 | ▼ 28.3% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €6,518 | €5,867 | ▼ 10.0% |
| Financial fixed assets28 | €250 | €250 | €250 | €0 | - | - | - | - | - |
| Current assets29/58 | €47,741 | €49,702 | €50,222 | €32,285 | €35,578 | €56,175 | €97,151 | €110,067 | ▲ 13.3% |
| Stocks and contracts in progress3 | €4,696 | €5,250 | €5,627 | €3,060 | €2,960 | €3,450 | €1,972 | €3,238 | ▲ 64.2% |
| Stocks30/36 | - | - | - | €3,060 | €2,960 | €3,450 | €1,972 | €3,238 | ▲ 64.2% |
| Amounts receivable within one year40/41 | €29,290 | €20,792 | €4,404 | €12,725 | €8,247 | €29,213 | €38,101 | €20,990 | ▼ 44.9% |
| Trade receivables40 | - | - | - | €12,631 | €7,927 | €29,188 | €37,944 | €20,278 | ▼ 46.6% |
| Other amounts receivable41 | - | - | - | €93 | €320 | €25 | €157 | €713 | ▲ 355% |
| Cash at bank and in hand54/58 | €13,213 | €22,888 | €36,719 | €12,345 | €20,388 | €19,744 | €53,101 | €81,654 | ▲ 53.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,154 | €3,982 | €3,768 | €3,977 | €4,185 | ▲ 5.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,951 | €67,252 | €63,098 | €41,793 | €38,806 | €97,003 | €134,741 | €138,172 | ▲ 2.5% |
| Equity10/15 | €30,705 | €33,794 | €31,951 | €17,439 | €21,105 | €35,543 | €67,117 | €81,451 | ▲ 21.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €24,505 | €27,594 | €25,751 | €11,239 | €14,905 | €29,343 | €60,917 | €75,251 | ▲ 23.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €121 | €121 | €121 | €121 | €121 | = |
| Distributable reserves133 | - | - | - | €9,259 | €14,784 | €29,222 | €60,797 | €75,131 | ▲ 23.6% |
| Amounts payable17/49 | €47,245 | €33,458 | €31,148 | €24,354 | €17,701 | €61,460 | €67,623 | €56,720 | ▼ 16.1% |
| Amounts payable after more than one year17 | €14,873 | €9,196 | €3,417 | €0 | - | €28,456 | €20,649 | €12,420 | ▼ 39.8% |
| Financial debts170/4 | - | - | - | €0 | - | €28,456 | €20,649 | €12,420 | ▼ 39.8% |
| Amounts payable within one year42/48 | €32,372 | €24,263 | €27,730 | €24,354 | €17,701 | €33,004 | €46,975 | €44,300 | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,417 | €0 | €7,404 | €7,808 | €8,228 | ▲ 5.4% |
| Financial debts43 | - | - | - | €487 | €105 | €209 | €188 | €1,289 | ▲ 587% |
| Credit institutions430/8 | - | - | - | €487 | €105 | €209 | €188 | €1,289 | ▲ 587% |
| Trade debts44 | €628 | €1,967 | €4,412 | €5,537 | €5,654 | €5,550 | €15,993 | €9,134 | ▼ 42.9% |
| Suppliers440/4 | - | - | - | €5,537 | €5,654 | €5,550 | €15,993 | €9,134 | ▼ 42.9% |
| Taxes, remuneration and social security45 | - | - | - | €2,952 | €2,079 | €10,803 | €15,159 | €18,906 | ▲ 24.7% |
| Taxes450/3 | - | - | - | €2,952 | €1,029 | €8,003 | €12,359 | €16,506 | ▲ 33.6% |
| Remuneration and social security454/9 | - | - | - | - | €1,050 | €2,800 | €2,800 | €2,400 | ▼ 14.3% |
| Other amounts payable47/48 | - | - | - | €11,960 | €9,863 | €9,039 | €7,827 | €6,742 | ▼ 13.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,644 | €3,088 | -€1,843 | -€14,511 | €3,666 | €14,438 | €31,574 | €14,334 | ▼ 54.6% |
| + Depreciation and write-downs630 | €16,851 | €13,576 | €6,599 | €6,259 | €6,280 | €6,653 | €9,784 | €10,589 | ▲ 8.2% |
| Operating cash flow (approximation) | €14,207 | €16,664 | €4,756 | -€8,252 | €9,946 | €21,091 | €41,359 | €24,923 | ▼ 39.7% |
| Investment in fixed assets (approximation) | - | -€915 | -€1,926 | -€2,891 | €0 | -€44,253 | -€6,546 | -€1,104 | ▲ 83.1% |
| Change in cash | - | €9,675 | €13,831 | -€24,374 | €8,043 | -€644 | €33,357 | €28,553 | ▼ 14.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as RVE Electronics has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RVE Electronics itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for RVE Electronics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00218983 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00306936 | |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00256614 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00266287 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20217050 | |
| 31-12-2020 | micro format | 19-07-2021 | 2021-36500460 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21300473 | |
| 31-12-2018 | micro format | 05-07-2019 | 2019-29700566 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-29300123 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28800060 |