5 RIVERS
Active5 RIVERS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
0
/ 100
Critical▼ -61 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-16
Solvency9▼-31
Growth44▼-23
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 1.22 in 2024), and 98.8% 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.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
1.2%
Return on assets
-10.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11165 sector peers (2025).
NBB · sector comparisonPosition among 11165 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-05-2026, 76 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
76 d early
2024
45 d early
2023
33 d late
2022
22 d late
2021
31 d late
2020
37 d late
2019
60 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€855k▲ 46.4%
2024 · €584k
2018: €478k
2019: €555k
2020: €454k
2021: €429k
2023: €632k
2024: €584k
2018 → 2025
EBIT margin
-1.5%▼ 1.6pp
2024 · 0.2%
2018: -1.3%
2019: 0.2%
2020: 3.6%
2021: -0.1%
2023: -1.2%
2024: 0.2%
2018 → 2025
Net result
€-13k
2024 · €687
2018: €-6k
2019: €428
2020: €16k
2021: €-2k
2022: €210
2023: €-8k
2024: €687
2018 → 2025
Working capital
€-16k
2024 · €7k
2018: €-3k
2019: €-4k
2020: €7k
2021: €9k
2022: €7k
2023: €3k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€429k-€632k€584k▼ 7.7%€855k▲ 46.4%
Equity€16k-€16k▲ 1.3%€9k▼ 47.4%€9k▲ 8.1%€1k▼ 84.6%
Operating result€-440-€1k€-7k€916€-13k
Net result€-2k-€210€-8k€687€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €916 in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€18k▲ 572%
Current assets
€103k▲ 185%
Equity and liabilities €120k
Equity
€1k▼ 84.6%
Debt
€119k▲ 304%
The debt ratio rises from 76.2% to 98.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-12k▼
2024 · €4k
Cash flow
€-12k▼
2024 · €4k
Solvency
1.2%▼
2024 · 23.8%
Current ratio
0.86▼
2024 · 1.22
Quick ratio
0.66▲
2024 · 0.48
Debt / equity
83.74▲
2024 · 3.20
ROE
-900.7%▼
2024 · 7.5%
ROA
-10.6%▼
2024 · 1.8%
Interest coverage
-50.33▼
2024 · 17.66
Debt
€119k▲
2024 · €29k
Debt ≤ 1 year
€119k▲
2024 · €29k
Staff costs
€3k
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€39k€120k▲
Fixed assets21/28€3k€18k▲
Tangible fixed assets22/27-€8k
Furniture and vehicles24-€8k
Financial fixed assets28€3k€9k▲
Current assets29/58€36k€103k▲
Stocks and contracts in progress3€22k€24k▲
Stocks30/36€22k€24k▲
Amounts receivable within one year40/41€4k€6k▲
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€10k€73k▲
Equity and liabilities
Total equity and liabilities10/49€39k€120k▲
Equity10/15€9k€1k▼
Contributions10/11€6k€11k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€1k€-12k▼
Amounts payable17/49€29k€119k▲
Amounts payable within one year42/48€29k€119k▲
Trade debts44€24k€116k▲
Suppliers440/4€24k€116k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€4k€45▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48-€637
Income statement
Code20242025
Turnover70€584k€855k▲
Goods, raw materials, services and sundry goods60/61€577k€860k▲
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€517▼
Other operating charges640/8€791€5k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€8k€-4k▼
Operating profit (loss)9901€916€-13k▼
Financial charges65/66B€229€239▲
Recurring financial charges65€229€239▲
Profit (loss) for the period before taxes9903€687€-13k▼
Profit (loss) for the period9904€687€-13k▼
Profit (loss) for the period to be appropriated9905€687€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-12k▼
Profit (loss) brought forward from the previous period14P€462€1k▲
The notes to these accounts (9 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
16-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-13k ▼1961%
Net result drops to €-13k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €687
Net result €687 after one loss-making year.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €210
Net result €210 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲3535%
Operating result €17k, net result €16k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €428
Net result €428 after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 39 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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.
03-11-2025
SINGH Manjinder: Resigned as Director
03-11-2025
SINGH Mohinder: Resigned as Director
22-02-2024
SINGH Manjinder: Resigned as Manager
22-02-2024
SINGH Mohinder: Resigned as Manager
31-01-2018
SINGH Mohinder: Resigned as Manager
Location & real-estate footprint
Registered office, Evergem · 2 establishment units since 2016
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.
Holstraat 109940 EvergemGround area
291 m²
Building footprint
194 m²
Volume, LiDAR
990 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
5 RIVERS
since 20162.256.511.988
5 RIVERS HOFSTADE
since 20252.378.824.634
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006F0086/00E002 | Flanders | 160 m² | 1 · 125 m² | 7.3 m · 2 fl. |
| 41029A1144/00L000 | Flanders | 131 m² | 1 · 69 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,631 companies in sector 46170 we hold annual accounts for 660. 134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2016
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
47110Non-specialised retail sale with food, beverages or tobacco predominating
46389Wholesale of other food products
46392Non-specialised wholesale
47114Supermarkets
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.