CENTRALE GENERALE RENOVE
ActiveCENTRALE GENERALE RENOVE has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €537k and a net result of €-23k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▲+7
Solvency54▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.35 in 2023; short-term debt: 53.6% and cash: 0.2% of total assets), and 70.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.4%
Return on assets
-1.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
58 d late
2022
31 d late
2021
16 d early
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-23k▲ 40.3%
2023 · €-38k
2018: €76k
2019: €1k
2020: €10k
2021: €25k
2022: €35k
2023: €-38k
2018 → 2024
Working capital
€-599k▼ 2.0%
2023 · €-587k
2018: €1.17M
2019: €1.05M
2020: €492k
2021: €461k
2022: €443k
2023: €-587k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€609k-€563k▼ 7.6%€598k▲ 6.2%€560k▼ 6.3%€537k▼ 4.0%
Operating result€-16k-€30k€46k▲ 50.6%€-26k€13k
Net result€10k-€25k▲ 147%€35k▲ 39.9%€-38k€-23k▲ 40.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €26k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.83M
Fixed assets
€1.45M▼ 3.3%
Current assets
€381k▲ 21.3%
Equity and liabilities €1.83M
Equity
€537k▼ 4.0%
Debt
€1.29M▲ 3.2%
The debt ratio rises from 69.1% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▲
2023 · €17k
Cash flow
€31k▲
2023 · €6k
Solvency
29.4%▼
2023 · 30.9%
Current ratio
0.39▲
2023 · 0.35
Quick ratio
0.39▲
2023 · 0.35
Debt / equity
2.40▲
2023 · 2.24
ROE
-4.2%▲
2023 · -6.8%
ROA
-1.2%▲
2023 · -2.1%
Interest coverage
1.51▲
2023 · 0.85
Debt
€1.29M▲
2023 · €1.25M
Debt ≤ 1 year
€980k▲
2023 · €901k
Debt > 1 year
€310k▼
2023 · €349k
Income taxes
€44▲
2023 · €0
Staff costs
€40k▲
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.81M€1.83M▲
Fixed assets21/28€1.50M€1.45M▼
Tangible fixed assets22/27€1.50M€1.45M▼
Land and buildings22€1.44M€1.40M▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€55k€42k▼
Financial fixed assets28€521€521=
Current assets29/58€314k€381k▲
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€301k€373k▲
Trade receivables40€39k€101k▲
Other amounts receivable41€262k€271k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.81M€1.83M▲
Equity10/15€560k€537k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€524k€524k=
Non-distributable reserves130/1€63k€63k=
Legal reserve130€63k€63k=
Tax-exempt reserves132€38k€38k=
Distributable reserves133€423k€423k=
Profit (loss) carried forward14€-26k€-49k▼
Amounts payable17/49€1.25M€1.29M▲
Amounts payable after more than one year17€349k€310k▼
Financial debts170/4€349k€310k▼
Amounts payable within one year42/48€901k€980k▲
Current portion of amounts payable after more than one year42€843k€834k▼
Trade debts44€7k€23k▲
Suppliers440/4€7k€23k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€12k€12k▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€33k€107k▲
Accrued charges and deferred income492/3€868€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€33k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€53k▲
Other operating charges640/8€4k€12k▲
Non-recurring operating charges66A€14k€0▼
Gross operating margin9900€68k€118k▲
Operating profit (loss)9901€-26k€13k▲
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€20k€44k▲
Recurring financial charges65€20k€44k▲
Profit (loss) for the period before taxes9903€-38k€-23k▲
Income taxes67/77€0€44▲
Profit (loss) for the period9904€-38k€-23k▲
Profit (loss) for the period to be appropriated9905€-38k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-49k▼
Profit (loss) brought forward from the previous period14P€12k€-26k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-38k ▼208%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.30
Current ratio from 1.75 to 4.30; short-term debt falls from €660k to €140k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 6.51
Current ratio from 2.61 to 6.51; short-term debt falls from €726k to €190k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1972
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Notelaarstraat 3011030 SchaarbeekGround area
211 m²
Building footprint
141 m²
Volume, LiDAR
1,906 m³
2 parcels, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Notelaarsstraat 301, 1000 Brussel
since 19722.007.558.718
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0020/00W005indicative | Brussels | 152 m² | 1 · 93 m² | 16.9 m · 5 fl. |
| 21806F0333/00R003 | Brussels | 59 m² | 1 · 48 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ERMI CONSTRUCT
BE 0477.484.478
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VETRABO
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Bouwbedrijf G. Sels
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 8,944 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1972
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:02/215 34 21
Fax:02/241 03 76