ACTIVE

RIVER SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

39,3 k €

+2108.9% YoY

Gross margin

135,8 k €

+58.5% YoY

Equity

138,9 k €

+39.5% YoY

What does RIVER SERVICES do?

RIVER SERVICES is a Private limited company incorporated in 1995. Its main activity is: Removal services. Its registered office is in Zoersel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.532.784

Incorporation

30/06/1995

Legal form

Private limited company

Registered office

Stoppelveld 6
2980 Zoersel · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

49420Removal services· main 49420Removal services 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.49420Removal services+4

Joint committees (3)

100
14005
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	135,8 k €	+58.5%	85,7 k €	+41.8%	60,4 k €	-40.7%	101,9 k €	+46.9%	69,4 k €	+45.8%	47,6 k €	+95.3%	24,4 k €	+93.2%	12,6 k €	+101%	6,3 k €	+343%	-2,6 k €	-133%	7,7 k €	+109%	3,7 k €	+668%	-651,8 €	-102%	31,2 k €	-2.4%	32 k €	-42.1%	55,2 k €	-19.6%	68,7 k €	-8.3%	74,9 k €
EBITDA	65,4 k €	+607%	9,3 k €	-60.2%	23,3 k €	-58.9%	56,6 k €	+42.5%	39,7 k €	+110%	18,9 k €	+340%	-7,9 k €	+22.6%	-10,2 k €	-286%	5,5 k €	+236%	-4 k €	-160%	6,7 k €	+226%	2,1 k €	+286%	-1,1 k €	-119%	5,8 k €	+187%	2 k €	-87.5%	16,2 k €	-35.0%	25 k €	-7.9%	27,1 k €
Operating result	62,3 k €	+824%	6,7 k €	-68.0%	21,1 k €	-61.7%	55 k €	+53.3%	35,9 k €	+161%	13,7 k €	+208%	-12,7 k €	+19.0%	-15,7 k €	-430%	4,8 k €	+195%	-5 k €	-208%	4,6 k €	+988%	427,3 €	+118%	-2,4 k €	-159%	4,1 k €	+225%	-3,3 k €	-143%	7,6 k €	-55.9%	17,2 k €	-14.3%	20,1 k €
Net result	39,3 k €	+2109%	1,8 k €	-84.4%	11,5 k €	-67.0%	34,7 k €	+67.4%	20,7 k €	+62.4%	12,8 k €	+196%	-13,3 k €	+16.3%	-15,9 k €	-558%	3,5 k €	+158%	-6 k €	-232%	4,5 k €	+357%	988,5 €	+155%	-1,8 k €	-140%	4,5 k €	+328%	-2 k €	-126%	7,6 k €	-41.7%	13,1 k €	-29.6%	18,6 k €
Balance sheet
Equity	138,9 k €	+39.5%	99,5 k €	+1.8%	97,8 k €	+13.3%	86,3 k €	+67.2%	51,6 k €	+625%	7,1 k €	+226%	-5,6 k €	-174%	7,6 k €	-67.5%	23,5 k €	+17.3%	20 k €	-23.0%	26 k €	+21.0%	21,5 k €	+4.8%	20,5 k €	-22.1%	26,3 k €	+20.7%	21,8 k €	-51.0%	44,4 k €	+20.8%	36,8 k €	+55.3%	23,7 k €
Total assets	188,7 k €	+9.2%	172,8 k €	+4.0%	166,2 k €	+22.2%	135,9 k €	+44.3%	94,2 k €	+165%	35,5 k €	-4.6%	37,2 k €	-23.3%	48,5 k €	+37.4%	35,3 k €	+25.4%	28,2 k €	-14.2%	32,8 k €	+21.8%	27 k €	+31.5%	20,5 k €	-22.1%	26,3 k €	-21.6%	33,6 k €	-30.0%	47,9 k €	+5.5%	45,4 k €	-45.3%	83 k €
Cash	118,6 k €	+14.9%	103,2 k €	-3.9%	107,4 k €	+5.6%	101,7 k €	+82.9%	55,6 k €	+138%	23,4 k €	+151%	9,3 k €	-30.4%	13,4 k €	-51.0%	27,4 k €	+80.1%	15,2 k €	+2.0%	14,9 k €	+36.0%	10,9 k €	+29.4%	8,5 k €	-47.0%	16 k €	+2.4%	15,6 k €	-21.2%	19,8 k €	-11.8%	22,4 k €	-14.9%	26,4 k €
Debts	44,7 k €	-35.6%	69,4 k €	+1.5%	68,4 k €	+37.8%	49,6 k €	+16.5%	42,6 k €	+50.1%	28,4 k €	-32.2%	41,9 k €	+6.3%	39,4 k €	+300%	9,9 k €	+21.0%	8,1 k €	+19.1%	6,8 k €	+24.9%	5,5 k €		–		–		11,8 k €	+236%	3,5 k €	-59.4%	8,6 k €	-85.5%	59,3 k €
Other
Workforce	–		–		–		–		–		–		–		0,8 ETP		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-23.5%	1,7 ETP	0.0%	1,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Michel Van Rillaer

Director · since 01 avril 2025

Active

Priscilla Vermeulen

Manager

Active

Ended mandates

Michel Van Rillaer

Manager · since 12 juin 2012

Ended

Priscilla Vermeulen

Manager · since 12 juin 2012

Ended

Michel Van Rillaer

Manager · since 24 mai 2012

Ended

Priscilla Vermeulen

Manager · since 24 mai 2012

Ended

At this address

Other companies at this address

Company	CBE no.
River Services● Liquidation	0833.703.518

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	31/07/2025	31/07/2024	29/07/2023	14/07/2022	06/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	11/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	13/06/2023	29/07/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	14/07/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	11/06/2020	19/08/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	16/08/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	30/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	23/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Michel Van Rillaer

Director · since 01 avril 2025

Active

Priscilla Vermeulen

Manager

Active

Ended mandates

Michel Van Rillaer

Manager · since 12 juin 2012

Ended

Priscilla Vermeulen

Manager · since 12 juin 2012

Ended

Michel Van Rillaer

Manager · since 24 mai 2012

Ended

Priscilla Vermeulen

Manager · since 24 mai 2012

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202539,3 k €↑
2024
Annual accounts 20241,8 k €↓
2023
Annual accounts 202311,5 k €↓
2022
Annual accounts 202234,7 k €↑
2021
Annual accounts 202120,7 k €↑
2018
Annual accounts 201812,8 k €↑
2017
Annual accounts 2017-13,3 k €↑
2016
Annual accounts 2016-15,9 k €↓
2015
Annual accounts 20153,5 k €↑
2014
Annual accounts 2014-6 k €↓
2013
Annual accounts 20134,5 k €↑
2012
Annual accounts 2012988,5 €↑
2011
Annual accounts 2011-1,8 k €↓
2010
Annual accounts 20104,5 k €↑
2009
Annual accounts 2009-2 k €↓
2008
Annual accounts 20087,6 k €↓
2007
Annual accounts 200713,1 k €↓
2006
Annual accounts 200618,6 k €
30/06/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RIVER SERVICES

Overview

What does RIVER SERVICES do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline