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Generated 04-09-2026
Active BE 0798.848.151Private limited company

CERCLE EQUESTRE DE LA RENAISSANCE

Route de Hamoir 53 ·4190 Ferrières, Belgium· 3 yrs active
Sector: Equestrian clubs (93127)
Conclusion Checked

CERCLE EQUESTRE DE LA RENAISSANCE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €32k and a net result of €9k. Its solvency ranks better than 78% of 789 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €32k
Net result €9k
Better than sector 78%
Active 3 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health100Profitability94Solvency98Growth85Stability94
94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100
Profitability 94
Solvency 98
Growth 85
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
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 FY 2024 · computed
100 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 19-12-2025 with the NBB · fiscal year 2024 · micro schema
€-25k€0€25k€50k€75kRevenue 2023: €48k€48kOperating result 2023: €-3k€-3kNet result 2023: €-2k€-2kRevenue 2024: €80k€80kOperating result 2024: €13k€13kNet result 2024: €9k€9k20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 93, Sports, amusement and recreation activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 58.1% 20.1%
better than 78% of 789 sector peers
Net result €9k €2k
better than 62% of 791 sector peers
Equity €32k €19k
better than 60% of 792 sector peers
Gross operating margin €18k €24k
better than 44% of 790 sector peers
Total assets €55k €111k
better than 29% of 790 sector peers
Revenue
€80k
+66.9% 23-24
EBITDA
€17k
- 23-24
Net profit
€9k
- 23-24
Cash flow
€14k
- 23-24
Total assets
€55k
+16.6% 23-24
Equity
€32k
+40.7% 23-24
Working capital
€13k
- 23-24
Income taxes
€2k
- 23-24
Debt
€23k
-5.7% 23-24
Debt ≤ 1y
€8k
-23.0% 23-24
Debt > 1y
€14k
0.0% 23-24
Current ratio
2.56
+217.5% 23-24
Quick ratio
2.47
+269.3% 23-24
Solvency
58.1%
+20.6% 23-24
Debt / equity
0.72
-33.0% 23-24
ROE
28.9%
- 23-24
ROA
16.8%
- 23-24
Net margin
11.4%
- 23-24
EBITDA margin
21.6%
- 23-24
Interest coverage
11.72
- 23-24
Figures by fiscal year and ratios
Fiscal year2024
Depositmicro schema
Revenue€80k
EBITDA€17k
Net profit€9k
Cash flow€14k
Staff costs-
Income taxes€2k
Dividends-
Total assets€55k
Equity€32k
Debt€23k
of which ≤ 1y€8k
of which > 1y€14k
Working capital€13k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.56
Quick ratio2.47
Working capital ratio23.7%
Solvency58.1%
Debt / equity0.72
Long-term debt ratio0.43
Interest coverage11.72
Gross margin22.6%
Net margin11.4%
ROA16.8%
ROE28.9%
EBITDA margin21.6%
Days sales outstanding66d
Days payable outstanding17d
Inventory turnover83.86
Days inventory (DSI)4d
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€55k
Fixed assets 21/28€33k
Intangible fixed assets 21€5k
Tangible fixed assets 22/27€29k
Current assets 29/58€21k
Stocks & contracts in progress 3€741
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€55k
Equity 10/15€32k
Contributions / capital 10/11€25k
Accumulated profits (losses) 14€7k
Amounts payable 17/49€23k
Amounts payable after one year 17€14k
Amounts payable within one year 42/48€8k
Trade debts payable within one year 44€3k
Income statement
Turnover 70€80k
Gross operating margin 9900€18k
Operating result 9901€13k
Financial income 75€39
Financial charges 65€1k
Result before taxes 9903€11k
Income taxes 67/77€2k
Net result for the period 9904€9k
Result to be appropriated 9905€9k
Legal Structure
NACE primary Equestrian clubs(93127)
Legal form Private limited company(610)
Incorporation24-02-2023
StatusActive
Postal code4190
Establishment units 1 location
CERCLE EQUESTRE DE LA RENAISSANCE
Route de Hamoir 53, 4190 FerrièresFood and beverage service activities
since 20232.342.175.757
Real-estate footprint Source: CBE × cadastre
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61077A1245/00B000 Wallonia 5,831 m² 1 · 56 m² 5.4 m · 1 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 4 events
2026
28-01
State Gazette act Minor change
v3.2
2025
19-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 141 days late
2024
31-12
Financial Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial Liquidity triplescurrent ratio 2.56
Current ratio from 0.81 to 2.56; short-term debt falls from €11k to €8k.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-02
State Gazette act Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 7 months ago
2026
28-01-2026 Publication in the Belgian Official Gazette, Minor change Minor change
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "detected_kind": "other",
  "effective_date": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0798.848.151",
    "name_full": "CERCLE EQUESTRE DE LA RENAISSANCE",
    "legal_form": "SRL"
  },
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "single_shareholder_declaration": null
}
2023
28-02-2023 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "4190 Xhoris, Route de Hamoir 53",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1977-06-01",
        "name": "ISTAS S\u00E9bastien Yvan",
        "niss": null,
        "address": "4190 Ferri\u00E8res, Mont de Fontaine 15"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 25000.0,
      "holder_person_name": "ISTAS S\u00E9bastien Yvan",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 25000.0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 25000.0,
  "subject_company": {
    "kbo": "0798.848.151",
    "name_full": "CERCLE EQUESTRE DE LA RENAISSANCE",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2023-02-24",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Equestrian clubs93127Raising of horses and other equines01430Support activities for animal production01620General electrical installation work43211Electrical installation work in industrial facilities43212Specialised construction activities43213Guest rooms (bed and breakfast)55204Cafés and bars56301Operation of sports facilities93110
Names & trade names
Legal nameFR CERCLE EQUESTRE DE LA RENAISSANCE
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative