RIWARD
ActiveRIWARD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252.56M and a net result of €2.31M. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy▲ +23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-14
Solvency87▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.41 against 0.96 in 2024), and 4% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
0.9%
Age of the figures
14 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
47 d early
2024
44 d early
2023
41 d early
2022
184 d early
2022
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.31M▼ 76.1%
2024 · €9.65M
2022: €-182k
2023: €21.42M
2024: €9.65M
2022 → 2025
Working capital
€922k
2024 · €-434k
2022: €-8.66M
2023: €487k
2024: €-434k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€245.47M-€258.89M▲ 5.5%€250.25M▼ 3.3%€252.56M▲ 0.9%
Operating result€-104k-€-153k▼ 47.0%€-344k▼ 125%€-365k▼ 6.3%
Net result€-182k-€21.42M€9.65M▼ 54.9%€2.31M▼ 76.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €365k in 2025 against €344k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263.17M
Fixed assets
€260.03M=
Current assets
€3.14M▼ 68.8%
Equity and liabilities €263.17M
Equity
€252.56M▲ 0.9%
Debt
€10.62M▼ 46.6%
The debt ratio falls from 7.4% to 4.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
96.0%▲
2024 · 92.6%
Current ratio
1.41▲
2024 · 0.96
Quick ratio
1.41▲
2024 · 0.96
Debt / equity
0.04▼
2024 · 0.08
ROE
0.9%▼
2024 · 3.9%
ROA
0.9%▼
2024 · 3.6%
Debt
€10.62M▼
2024 · €19.86M
Debt ≤ 1 year
€2.22M▼
2024 · €10.52M
Debt > 1 year
€7.95M▼
2024 · €9.28M
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€270.11M€263.17M▼
Fixed assets21/28€260.03M€260.03M=
Financial fixed assets28€260.03M€260.03M=
Affiliated companies280/1€260.03M€260.03M=
Participating interests280€257.20M€257.20M=
Amounts receivable281€2.83M€2.83M=
Current assets29/58€10.09M€3.14M▼
Amounts receivable within one year40/41€10.00M€3.06M▼
Other amounts receivable41€10.00M€3.06M▼
Cash at bank and in hand54/58€67k€80k▲
Deferred charges and accrued income490/1€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€270.11M€263.17M▼
Equity10/15€250.25M€252.56M▲
Contributions10/11€245.40M€245.40M=
Capital10€2.53M€2.53M=
Issued capital100€2.53M€2.53M=
Outside capital11€242.87M€242.87M=
Share premium1100/10€242.87M€242.87M=
Reserves13€253k€253k=
Non-distributable reserves130/1€253k€253k=
Legal reserve130€253k€253k=
Profit (loss) carried forward14€4.59M€6.90M▲
Amounts payable17/49€19.86M€10.62M▼
Amounts payable after more than one year17€9.28M€7.95M▼
Financial debts170/4€9.28M€7.95M▼
Credit institutions173€9.28M€7.95M▼
Amounts payable within one year42/48€10.52M€2.22M▼
Current portion of amounts payable after more than one year42-€1.33M
Financial debts43€500k€790k▲
Other loans439€500k€790k▲
Trade debts44€20k€107k▲
Suppliers440/4€20k€107k▲
Other amounts payable47/48€10.00M-
Accrued charges and deferred income492/3€64k€439k▲
Income statement
Code20242025
Operating charges60/66A€344k€365k▲
Services and other goods61€343k€364k▲
Other operating charges640/8€499€1k▲
Operating profit (loss)9901€-344k€-365k▼
Financial income75/76B€10.01M€3.07M▼
Recurring financial income75€10.01M€3.07M▼
Income from financial fixed assets750€10.01M€3.00M▼
Income from current assets751-€68k
Financial charges65/66B€19k€397k▲
Recurring financial charges65€19k€397k▲
Debt charges650€14k€397k▲
Other financial charges652/9€6k-
Profit (loss) for the period before taxes9903€9.65M€2.31M▼
Profit (loss) for the period9904€9.65M€2.31M▼
Profit (loss) for the period to be appropriated9905€9.65M€2.31M▼
Appropriation of the result
Profit (loss) to be appropriated9906€22.88M€6.90M▼
Profit (loss) brought forward from the previous period14P€13.23M€4.59M▼
Transfer to equity691/2€8.29M-
To other reserves6921€8.29M-
Profit to be distributed694/7€10.00M-
Return on contributions (dividend)694€10.00M-
The notes to these accounts (16 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
31-07
State Gazette act
Resignations & appointments · MiscellaneousGeneral meeting · Auditor appointment · Permanent representative15 facts ▸
State Gazette act
Resignations & appointments · Miscellaneous
General meeting · Auditor appointment · Permanent representative15 facts ▸
- General meeting, 17/12/2024
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Francis Boelens
- General meeting, 09/12/2025
- Director resignation, Margot Haspeslagh (bestuurder)
- Director appointment, De Born BV (bestuurder)
- Permanent representative, Margot Haspeslagh
- Director resignation, Bernard Haspeslagh (bestuurder)
- Director appointment, Ter Heyde CommV (bestuurder)
- Permanent representative, Bernard Haspeslagh
- Director resignation, Jan Haspeslagh (bestuurder)
- Director appointment, Weco CommV (bestuurder)
- +3 further facts in this act
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €21.42M
Net result €21.42M after one loss-making year.
30-06
Financial
Liquidity times 1393current ratio 4.03
Current ratio from 0.00 to 4.03; short-term debt falls from €8.69M to €161k.
30-06
Financial
Equity above €250MEq €258.89M ▲5.5%
Equity rises from €245.47M to €258.89M.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2024
This board is reconstructed from a single act (26098749). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
DE BORN
CurrentDirector · since 11-03-2024 · Private limited company · perm. rep.: Margot Haspeslagh
Haspeslagh, Julie
CurrentDirector · since 11-03-2024 · Legal entity
TER HEYDE
CurrentDirector · since 11-03-2024 · Limited partnership · perm. rep.: Bernard Haspeslagh
WECO
CurrentDirector · since 11-03-2024 · Limited partnership · perm. rep.: Jan Haspeslagh
11-03-2024
DE BORN: Appointed as Director
11-03-2024
Haspeslagh, Julie: Appointed as Director
11-03-2024
TER HEYDE: Appointed as Director
11-03-2024
WECO: Appointed as Director
11-03-2024
Bernard Haspeslagh: Resigned as Director
11-03-2024
Jan Haspeslagh: Resigned as Director
11-03-2024
Julie Haspeslagh: Resigned as Director
11-03-2024
Margot Haspeslagh: Resigned as Director
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 2022
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.
Wezestraat 618850 ArdooieGround area
5,807 m²
Building footprint
2,144 m²
Volume, LiDAR
4,098 m³
Parcel 36001C1498/00A000, Flanders · tallest building 14.5 m. Linked by address, not a title deed.
1 establishment unit
RIWARD
since 20222.338.261.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001C1498/00A000 | Flanders | 5,807 m² | 1 · 2,144 m² | 14.5 m |
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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Francis Boelens | 31-07-2026 → present |
Structure & network
Ownership & control
4 partiesControl over this companysits on this company's board4
1 subsidiary · 1 location
1 subsidiary · 1 location
1 subsidiary · 1 location
1 subsidiary · 1 location
controls
RIWARDBE 0791.911.364
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-01-2015
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.