Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RIVACO from Westerlo, company number BE0787200233, closed financial year 2025 with a result of € 299,913 after tax. For that financial year RIVACO recorded a gross margin of € 27,920 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -22,158 to € 299,913. Profitable, and profit is growing. 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 21, 2026.
€ 1.4 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 299,913
▲ still € 22,158 loss in 2024
Profit after tax over the fiscal year.
€ 26,739
▲ € 25,330 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 395,755.
Debts at end 2025
€ 675,574
▼ 29% vs 2024
€ 288,405 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,930
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,920
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 870,229 | € 12,262 | € 27,920 | ▲ 128% |
| Profit after taxes | € 118,001 | € -22,158 | € 299,913 | ▲ € 322,071 |
| Equity | € 1,118,001 | € 1,095,842 | € 1,395,755 | ▲ 27% |
| Total debts | € 2,548,823 | € 2,570,199 | € 2,286,363 | ▼ 11% |
| Cash | € 8,911 | € 1,408 | € 26,739 | ▲ € 25,330 |
| Land & buildings | € 45,000 | € 45,000 | € 45,000 | |
| Retained profit | € 118,001 | € 95,842 | € 395,755 | ▲ € 299,913 |
| Bank debt | € 1,230,684 | € 956,130 | € 675,574 | ▼ 29% |
| Balance sheet total | € 3,666,823 | € 3,666,042 | € 3,682,118 |
Key figures of RIVACO, fiscal years 2023 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 RIVACO?
What happened at RIVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 299,913. filed late Source: NBB ↗
- New establishment in Westerlo. KBO
- BM Rigaux-Roman became a director. NBB
- Simon Vanhoutte became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 118,001 profit in 2023 to € 299,913 profit in 2025.
Best year ever: 2025, with € 299,913 profit.
Management
Behind RIVACO are BM Rigaux-Roman and Simon Vanhoutte . It owns 100% of Belgo Garant BV and 100% of Primewood itself.
Directors
According to the 2025 annual accounts
Director · represented by Luc Rigaux
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Lossing 23
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
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Website info
Features
Security
Network
Details
- Company number
- 0787.200.233
- VAT number
- BE 0787.200.233
- Registered office
- Lossing 23, 2260 Westerlo
- Names & denominations
- RIVACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2022
- Peppol
- Active · Active since 23 Nov 2025
- Contact
- belgogarant.be
- Activities · NACE
Activiteiten van holdings
Holdings
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