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CK RENOVE

Active
Private limited companyfounded 2021active for 5 yearsRue de l'Yser 98, 4840 Welkenraedt, BelgiumKBO/BCE: BE 0764.644.763
Summary

The computed 12-month bankruptcy probability of CK RENOVE is 2.5% (moderate). The 2024 annual accounts show equity of €250,564 and a net result of €82,818. Equity is growing by about 38% per year across the filed financial years. Its solvency ranks better than 22% of 35,977 sector peers (NACE 43, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Insulation installation
NACE 43230General construction of residential buildings NACE 41001
1 site
Size
€1.2mtotal assets 2024
Staff
3.2 FTE
Equity
€250,564
Profit
€82,818
Turnover not published (micro format)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.5%
Structure
Accounts 72 days overdue0 of 1 deed read
Why 52raises risk1 financial year not filed after the legal deadline; latest accounts 60 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 03-10-2025)Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €1.2mShow the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Average
Solvency 45-13
equity 20.2% of total assets
Liquidity 49+5
short-term debt 21.0% · cash 4.8%
Profitability 77-3
return on assets 6.7%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,538 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.2 percentage points vs 08-2025 10-2025: 1.6%▲ +0.6 percentage points vs 09-2025 11-2025: 1.0%▼ -0.6 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%▲ +0.1 percentage points vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 1.7%▲ +0.4 percentage points vs 07-2026 09-2026: 1.8%▲ +0.1 percentage points vs 08-2026 10-2026: 2.5%▲ +0.7 percentage points vs 09-2026highest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.68, compared with 1.4 in 2023; short-term debt: 21% and cash: 4.8% of total assets), but 79.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 22% on solvency, 41% on liquidity, 53% on profitability and 83% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.2m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 60 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 03-10-2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 35977 sector peers (2024).
NBB · sector comparison
Position among 35977 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
60 days late
2023
on the day
2022
14 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 25 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Equity above €200,000equity €250,564 ▲49.4%
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Positive: Among the best 6% on net resultsector median €9,439 · 35,947 companies €82,818 View
  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Positive: Equity rose in 2024from €167,746 to €250,564 ▲ 49.4% View

By topic

Financials

Financial year
2024
Total assets
€1.2m
Profit
€82,818
Solvency
20.2%
Total assets▲ 141%
Net result
20222024
Go to Financials

Timeline

Events
6
Since
2023
  1. 31-12-2023Weakest financial year
  2. 31-12-2023Equity above €150,000
  3. 14-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Insulation installationNACE 43230
Founded
04-03-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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