RVK Invest

Active

Public limited companyfounded 199431 yrs activeWesterring 13, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0453.957.624

RVK Invest has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.24M and a net result of €1.30M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Watch Print / PDF

Checked score

Score 2025

76 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability80▲+41

Solvency54=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €320k at 30 days acceptable

Liquidity short (current ratio 0.24 against 1.01 in 2024; short-term debt: 15% and cash: 0.6% of total assets), and 70.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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

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

29.3%

Return on assets

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €4.24M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

130 d early

2024

35 d early

2023

34 d early

2022

32 d early

2021

23 d early

2020

31 d early

2019

44 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€4.24M▲ 19.8%

2024 · €3.54M

2018: €350k 2019: €139k 2020: €160k 2021: €177k 2022: €197k 2023: €895k 2024: €3.54M

2018 → 2025

Total assets

€14.48M▲ 17.0%

2024 · €12.38M

2018: €351k 2019: €170k 2020: €170k 2021: €382k 2022: €197k 2023: €8.64M 2024: €12.38M

2018 → 2025

Net result

€1.30M▲ 3,787%

2024 · €34k

2018: €20k 2019: €20k 2020: €20k 2021: €18k 2022: €19k 2023: €-233k 2024: €34k

2018 → 2025

Working capital

€-1.65M

2024 · €13k

2018: €146k 2019: €-34k 2020: €-14k 2021: €28k 2022: €44k 2023: €107k 2024: €13k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€177k-€197k▲ 10.8%€895k▲ 355%€3.54M▲ 295%€4.24M▲ 19.8%

Operating result€19k-€21k▲ 9.3%€-54k€256k€1.90M▲ 644%

Net result€18k-€19k▲ 8.8%€-233k€34k€1.30M▲ 3,787%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 644% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €14.48M

96.4%

Fixed assets €13.95M▲ 22.6%

Current assets €526k▼ 47.3%

Equity and liabilities €14.48M

29.3%

70.7%

Equity €4.24M▲ 19.8%

Debt €10.24M▲ 15.9%

The debt ratio falls from 71.4% to 70.7%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€2.18M▲

2024 · €534k

Cash flow

€1.58M▲

2024 · €312k

Solvency

29.3%▲

2024 · 28.6%

Current ratio

0.24▼

2024 · 1.01

Quick ratio

0.05▲

2024 · 0.03

Debt / equity

2.42▼

2024 · 2.50

ROE

30.7%▲

2024 · 0.9%

ROA

9.0%▲

2024 · 0.3%

Interest coverage

8.28▲

2024 · 2.40

Debt

€10.24M▲

2024 · €8.84M

Debt ≤ 1 year

€2.18M▲

2024 · €984k

Debt > 1 year

€7.80M▲

2024 · €7.63M

Income taxes

€362k

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€12.38M€14.48M▲

Fixed assets21/28€11.38M€13.95M▲

Tangible fixed assets22/27€8.20M€7.22M▼

Land and buildings22€8.20M€7.22M▼

Financial fixed assets28€3.18M€6.73M▲

Current assets29/58€997k€526k▼

Stocks and contracts in progress3€964k€423k▼

Stocks30/36€964k€423k▼

Amounts receivable within one year40/41€19k€2k▼

Trade receivables40€19k€2k▼

Other amounts receivable41-€94

Cash at bank and in hand54/58€14k€94k▲

Deferred charges and accrued income490/1-€7k

Equity and liabilities

Total equity and liabilities10/49€12.38M€14.48M▲

Equity10/15€3.54M€4.24M▲

Contributions10/11€2.71M€2.71M=

Capital10€2.71M€2.71M=

Issued capital100€2.71M€2.71M=

Revaluation surpluses12€931k€329k▼

Reserves13€10k€1.20M▲

Non-distributable reserves130/1€10k€271k▲

Legal reserve130€10k€271k▲

Distributable reserves133-€928k

Profit (loss) carried forward14€-113k€0▲

Amounts payable17/49€8.84M€10.24M▲

Amounts payable after more than one year17€7.63M€7.80M▲

Financial debts170/4€7.63M€7.80M▲

Amounts payable within one year42/48€984k€2.18M▲

Financial debts43€940k€0▼

Other loans439€940k€0▼

Trade debts44€20k€3k▼

Suppliers440/4€20k€3k▼

Taxes, remuneration and social security45€24k€12k▼

Taxes450/3€24k€12k▼

Other amounts payable47/48-€2.16M

Accrued charges and deferred income492/3€228k€263k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€279k€279k=

Other operating charges640/8€36k€37k▲

Gross operating margin9900€570k€2.22M▲

Operating profit (loss)9901€256k€1.90M▲

Financial income75/76B-€25k

Recurring financial income75-€25k

Financial charges65/66B€222k€263k▲

Recurring financial charges65€222k€263k▲

Profit (loss) for the period before taxes9903€34k€1.66M▲

Income taxes67/77-€362k

Profit (loss) for the period9904€34k€1.30M▲

Profit (loss) for the period to be appropriated9905€34k€1.30M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-113k€1.19M▲

Profit (loss) brought forward from the previous period14P€-147k€-113k▲

Transfer to equity691/2-€1.19M

To the legal reserve6920-€261k

To other reserves6921-€928k

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 18Financial 8Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2018net €1.30M ▲3787%

Operating result €1.90M, net result €1.30M, both a record.

26-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €34k

Net result €34k after one loss-making year.

31-12

Financial Equity above €2MEq €3.54M ▲295%

Equity rises from €895k to €3.54M.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-233k ▼1313%

Net result drops to €-233k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €500kEq €895k ▲355%

Equity rises from €197k to €895k.

29-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Liquidity times 43current ratio 48.63

Current ratio from 1.14 to 48.63; short-term debt falls from €201k to €921.

08-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity doublescurrent ratio 1.14

Current ratio from 0.54 to 1.14.

30-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Equity above €150kEq €160k ▲14.6%

3 profitable years in a row build equity to €160k.

17-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

05-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

05-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

24-10-2025 KA Management: Resigned as Director

24-10-2025 KA Management: Resigned as Managing director

24-10-2025 RVM Invest: Resigned as Director

24-10-2025 RVM Invest: Resigned as Managing director

24-10-2025 VeRo: Resigned as Director

24-10-2025 VeRo: Resigned as Managing director

09-12-2022 RVM Invest: Resigned as Director

09-12-2022 VeRo: Resigned as Director

09-12-2022 Grafilux: Resigned as Director

01-07-2019 Beatrice Van De Wiele: Resigned as Director

01-07-2019 Beatrice Van De Wiele: Resigned as Managing director

01-07-2019 Roeland Van Maercke: Resigned as Director