Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
RheaVita from Gent, company number BE0695884829, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year RheaVita recorded revenue of € 322,343 and equity of € 6.9 million. Compared with financial year 2024, the result moved from € -1.7 million to € -1.6 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 5, 2026.
€ 6.9 million
▲ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.7 million
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.3 million.
People and assets in 2025
4.4
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 472,981
▲ 9% vs 2024
€ 107,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.5 million
▼ 8% vs 2024
Of which on lease € 1.5 million.
Debts at end 2025
€ 716,787
▼ 32% vs 2024
€ 351,081 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 283,848
▲ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 149,103
▲ 105% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 672,227 | € 322,343 | ▼ 52% |
| Gross margin | € 127,575 | € -17,819 | € -428,456 | € -341,325 | ▲ € 87,131 |
| Profit after taxes | € -459,658 | € -956,518 | € -1,743,146 | € -1,607,554 | ▲ € 135,592 |
| Equity | € 3,935,692 | € 2,825,613 | € 4,252,359 | € 6,934,822 | ▲ 63% |
| Total debts | € 419,335 | € 3,040,121 | € 1,681,787 | € 1,460,615 | ▼ 13% |
| Cash | € 898,582 | € 1,839,393 | € 1,248,514 | € 2,688,565 | ▲ 115% |
| Retained profit | € -1,007,285 | € -1,963,802 | € -3,706,948 | € -5,314,502 | ▼ € 1.6 million |
| Bank debt | € 24,611 | € 2,502,695 | € 1,056,411 | € 716,787 | ▼ 32% |
| Balance sheet total | € 4,355,027 | € 5,865,734 | € 5,934,145 | € 8,395,436 | ▲ 41% |
| Employees (FTE) | 3.7 | 4 | 4.7 | 4.4 | ▼ 0.3 |
Key figures of RheaVita, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RheaVita?
What happened at RheaVita in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.6 million. filed late Source: NBB ↗
- Novalis II General Partners BV became a director. NBB
- Participatiemaatschappij Vlaanderen NV became a director. NBB
- Michele Arduini became a director. NBB
- Thomas De Beer Consulting BV became a director. NBB
- Patricia Burgemeester became a director. NBB
- Qbic Venture Partners III NV became a director. NBB
- New establishment in Gent. KBO
In short
From € 459,658 loss in 2022 to € 1.6 million loss in 2025.
Paid € 1,678 in corporate taxes since 2022.
On average € 34,500 of value added per employee in 2022.
Management
The stake of Participatiemaatschappij Vlaanderen, Novalis II, QBIC III FUND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RheaVitaBehind RheaVita are Novalis II General Partners BV, Participatiemaatschappij Vlaanderen NV, Michele Arduini, Thomas De Beer Consulting BV, Patricia Burgemeester and Qbic Venture Partners III NV. The shares are held by Participatiemaatschappij Vlaanderen (21.8%), Novalis II (17.6%) and QBIC III FUND (17%).
Directors
According to the 2025 annual accounts
Novalis II General Partners BV
Director · represented by Van den Berghe Jan
Also active at: Novalis II
since 2026
Participatiemaatschappij Vlaanderen NV
Director · represented by Vandevelde Danny
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2025
Michele Arduini
Director
since 2025
Director · represented by De Beer Thomas
since 2025
Patricia Burgemeester
Director
since 2025
Director · represented by Leuridan Steven
Also active at: VoxelSensors, AnimAb, AmphiStar, weave.ly, Swave, QBIC III FUND, THERAtRAME, Obulytix +2 more
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 9B-9C
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
rheavita.com
Registered
2010-06-16
Registrar
Combell NV
Expires
2026-06-16
Website info
Features
Security
Network
Details
- Company number
- 0695.884.829
- VAT number
- BE 0695.884.829
- Registered office
- Poortakkerstraat 9B-9C, 9051 Gent
- Names & denominations
- RheaVita
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2018
- Peppol
- Active · Active since 28 Aug 2023
- Contact
- rheavita.com [email protected]
- Activities · NACE
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