BM RENO CONSTRUCT
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 28-11-2025 PDF all 4 filings
Every figure per financial year
The operating result for 2024 is 85% lower than in 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €300 | €2,257 | €4,285 | €21,886 |
| Financial fixed assets | - | - | - | €300 |
| Depreciation and write-downs of the year | €36 | €203 | €1,504 | €7,368 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9,700 | €153 | €238 | ▲ 54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36 | €203 | €1,504 | €7,368 | ▲ 390% |
| Other operating charges640/8 | - | €4,500 | €468 | €1,251 | ▲ 168% |
| Gross operating margin9900 | -€8,219 | €38,295 | €24,483 | €12,308 | ▼ 49.7% |
| Operating profit (loss)9901 | -€8,256 | €23,892 | €22,358 | €3,451 | ▼ 84.6% |
| Financial charges65/66B | €478 | €83 | €98 | €199 | ▲ 103% |
| Recurring financial charges65 | €478 | €83 | €98 | €199 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | -€8,734 | €23,809 | €22,260 | €3,252 | ▼ 85.4% |
| Income taxes67/77 | - | - | €2,000 | - | - |
| Profit (loss) for the period9904 | -€8,734 | €23,809 | €20,260 | €3,252 | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,734 | €23,809 | €20,260 | €3,252 | ▼ 83.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,351 | €34,861 | €56,205 | €204,334 | ▲ 264% |
| Fixed assets21/28 | €264 | €2,318 | €5,099 | €19,917 | ▲ 291% |
| Tangible fixed assets22/27 | €264 | €2,318 | €5,099 | €19,617 | ▲ 285% |
| Plant, machinery and equipment23 | - | €1,276 | €4,004 | €3,758 | ▼ 6.1% |
| Furniture and vehicles24 | €264 | €1,042 | €1,095 | €15,859 | ▲ 14× |
| Financial fixed assets28 | - | - | - | €300 | - |
| Current assets29/58 | €6,088 | €32,543 | €51,106 | €184,417 | ▲ 261% |
| Amounts receivable within one year40/41 | €5,682 | €13,095 | €41,056 | €86,070 | ▲ 110% |
| Trade receivables40 | €5,682 | €13,095 | €35,557 | €62,255 | ▲ 75.1% |
| Other amounts receivable41 | - | - | €5,499 | €23,814 | ▲ 333% |
| Cash at bank and in hand54/58 | €406 | €19,448 | €10,014 | €96,537 | ▲ 864% |
| Deferred charges and accrued income490/1 | - | - | €35 | €1,810 | ▲ 51× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,351 | €34,861 | €56,205 | €204,334 | ▲ 264% |
| Equity10/15 | -€8,234 | €15,575 | €35,834 | €39,087 | ▲ 9.1% |
| Contributions10/11 | €500 | €500 | €500 | €500 | = |
| Reserves13 | - | - | €20,000 | €20,000 | = |
| Distributable reserves133 | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€8,734 | €15,075 | €15,334 | €18,587 | ▲ 21.2% |
| Amounts payable17/49 | €14,585 | €19,286 | €20,370 | €165,247 | ▲ 711% |
| Amounts payable within one year42/48 | €14,585 | €19,286 | €20,370 | €88,523 | ▲ 335% |
| Trade debts44 | €774 | €2,057 | €4,190 | €41,422 | ▲ 889% |
| Suppliers440/4 | €774 | €2,057 | €4,190 | €41,422 | ▲ 889% |
| Advances received on contracts in progress46 | €5,698 | €5,730 | €6,730 | €39,711 | ▲ 490% |
| Taxes, remuneration and social security45 | €1,402 | €11,499 | €9,451 | €7,391 | ▼ 21.8% |
| Taxes450/3 | €1,402 | €9,160 | €8,475 | €5,661 | ▼ 33.2% |
| Remuneration and social security454/9 | - | €2,339 | €975 | €1,730 | ▲ 77.4% |
| Other amounts payable47/48 | €6,712 | - | - | €0 | - |
| Accrued charges and deferred income492/3 | - | - | - | €76,724 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,734 | €23,809 | €20,260 | €3,252 | ▼ 83.9% |
| + Depreciation and write-downs630 | €36 | €203 | €1,504 | €7,368 | ▲ 390% |
| Operating cash flow (approximation) | -€8,698 | €24,012 | €21,764 | €10,620 | ▼ 51.2% |
| Investment in fixed assets (approximation) | - | -€2,257 | -€4,285 | -€22,186 | ▼ 418% |
| Change in cash | - | €19,042 | -€9,434 | €86,523 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,274 companies had the same profile as BM RENO CONSTRUCT has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BM RENO CONSTRUCT itself is higher: 9.0% within 12 months. It rests on far more data about BM RENO CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for BM RENO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.