Checked.be
Active
BE 0442.804.604Public limited company
R.V.B.
Poederleesteenweg 114 ·2460 Kasterlee, Belgium· 35 yrs active
Sector: Joinery installation
(43320)
Conclusion
R.V.B. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €806k and a net result of €-13k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 78% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €806k |
| Net result | €-13k |
| Staff (FTE) | 1 |
| Better than sector | 78% |
Financial profile
51
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
27
Profitability
0
Solvency
71
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
27
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€22k
estimate, not credit advice
Score history
30
2021
35
2022
69
2023
69
2024
27
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.70 (< 1.0)
-10
Leverage
Debt/equity 0.50 (< 1.0)
+10
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage 0.3× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.5%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.5% | 42.8% | |
| Net result | €-13k | €40k | |
| Equity | €806k | €442k | |
| Gross operating margin | €79k | €382k | |
| Staff costs | €74k | €586k |
€2k
-96.5%
21-25
€-13k
-
21-25
€-3k
-
21-25
€1.21M
-5.0%
21-25
€806k
-1.6%
21-25
€-119k
-19.3%
21-25
1
0.0%
21-25
€74k
+34.0%
21-25
€300
-57.6%
21-25
€405k
-11.1%
21-25
€397k
-12.0%
21-25
€100k
0.0%
21-25
0.70
-10.1%
21-25
0.66
-13.6%
21-25
66.5%
+3.6%
21-25
0.50
-9.7%
21-25
-1.6%
-
21-25
-1.1%
-
21-25
0.35
-97.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €2k | €56k | €34k | €-22k | €-58k |
| Net profit | €-13k | €43k | €7k | €-50k | €-102k |
| Cash flow | €-3k | €52k | €23k | €-29k | €-71k |
| Staff costs | €74k | €55k | €75k | €35k | €58k |
| Income taxes | €300 | €707 | €684 | €648 | €608 |
| Dividends | - | - | - | - | - |
| Total assets | €1.21M | €1.28M | €1.27M | €1.18M | €1.25M |
| Equity | €806k | €819k | €776k | €769k | €819k |
| Debt | €405k | €456k | €490k | €413k | €429k |
| of which ≤ 1y | €397k | €451k | €478k | €302k | €323k |
| of which > 1y | - | - | - | €100k | €100k |
| Working capital | €-119k | €-100k | €-142k | €-61k | €-37k |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.70 | 0.78 | 0.70 | 0.80 | 0.89 |
| Quick ratio | 0.66 | 0.76 | 0.69 | 0.76 | 0.82 |
| Working capital ratio | -9.8% | -7.8% | -11.2% | -5.2% | -3.0% |
| Solvency | 66.5% | 64.2% | 61.3% | 65.1% | 65.6% |
| Debt / equity | 0.50 | 0.56 | 0.63 | 0.54 | 0.52 |
| Long-term debt ratio | - | - | - | 0.13 | 0.12 |
| Interest coverage | 0.35 | 13.42 | 3.14 | -2.75 | -4.77 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.1% | 3.4% | 0.6% | -4.3% | -8.2% |
| ROE | -1.6% | 5.3% | 0.9% | -6.5% | -12.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.21M | €1.28M | €1.27M | €1.18M | €1.25M |
| Fixed assets | 21/28 | €934k | €924k | €929k | €941k | €962k |
| Tangible fixed assets | 22/27 | €47k | €37k | €42k | €54k | €75k |
| Financial fixed assets | 28 | €887k | €887k | €887k | €887k | €887k |
| Current assets | 29/58 | €278k | €351k | €336k | €241k | €286k |
| Stocks & contracts in progress | 3 | €16k | €7k | €8k | €11k | €21k |
| Amounts receivable within one year | 40/41 | €209k | €249k | €261k | €203k | €234k |
| Cash & bank | 54/58 | €10k | €74k | €47k | €10 | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.21M | €1.28M | €1.27M | €1.18M | €1.25M |
| Equity | 10/15 | €806k | €819k | €776k | €769k | €819k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €941k | €941k | €941k | €941k | €941k |
| Accumulated profits (losses) | 14 | €-196k | €-183k | €-227k | €-234k | €-184k |
| Amounts payable | 17/49 | €405k | €456k | €490k | €413k | €429k |
| Amounts payable after one year | 17 | - | - | - | €100k | €100k |
| Amounts payable within one year | 42/48 | €397k | €451k | €478k | €302k | €323k |
| Trade debts payable within one year | 44 | €41k | €52k | €60k | €23k | €35k |
| Income statement | ||||||
| Gross operating margin | 9900 | €79k | €114k | €112k | €15k | €6k |
| Operating result | 9901 | €-8k | €48k | €19k | €-43k | €-90k |
| Financial income | 75 | €1k | €713 | €260 | €2k | - |
| Financial charges | 65 | €6k | €4k | €11k | €8k | €12k |
| Result before taxes | 9903 | €-13k | €44k | €8k | €-50k | €-102k |
| Income taxes | 67/77 | €300 | €707 | €684 | €648 | €608 |
| Net result for the period | 9904 | €-13k | €43k | €7k | €-50k | €-102k |
| Result to be appropriated | 9905 | €-13k | €43k | €7k | €-50k | €-102k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Public limited company(014) |
| Incorporation | 16-01-1991 |
| Status | Active |
| Postal code | 2460 |
Establishment units
R.V.B.
since 19912.051.540.892
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018F1396/00R000 | Flanders | 3,459 m² | 1 · 315 m² | 11.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2024
31-12
Financial
Highest result since 2021net €43k ▲493%
Operating result €48k, net result €43k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 81 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation4332045421
Names & trade names
| Legal nameNL | R.V.B. |
Similar companies
LEONARD Guy & Fils
BE 0812.703.909 · Lierneux
G-Line
BE 0893.236.772 · Wingene
Maegerman W.
BE 0413.877.224 · Zottegem
AAS CHASSIS
BE 0841.962.473 · Vorst
KKB Roeselare
BE 0825.405.662 · Roeselare