CONCEPT RENOV
ActiveSummary
CONCEPT RENOV has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €315k and a net result of €20k. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-28
Solvency67▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 5.38 against 6.43 in 2023; short-term debt: 8.2% and cash: 4.9% of total assets), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
70 d late
2023
30 d late
2022
31 d late
2021
2 d early
2020
87 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€315k▲ 6.9%
2023 · €295k
2018: €30k
2019: €59k
2020: €67k
2021: €78k
2022: €177k
2023: €295k
2018 → 2024
Total assets
€749k▲ 99.0%
2023 · €377k
2018: €260k
2019: €231k
2020: €205k
2021: €185k
2022: €263k
2023: €377k
2018 → 2024
Net result
€20k▼ 82.8%
2023 · €118k
2018: €19k
2019: €29k
2020: €8k
2021: €11k
2022: €99k
2023: €118k
2018 → 2024
Working capital
€268k▲ 56.6%
2023 · €171k
2018: €-52k
2019: €-26k
2020: €-14k
2021: €-14k
2022: €63k
2023: €171k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€67k-€78k▲ 17.1%€177k▲ 126%€295k▲ 66.6%€315k▲ 6.9%
Operating result€18k-€21k▲ 16.1%€150k▲ 613%€179k▲ 19.1%€42k▼ 76.6%
Net result€8k-€11k▲ 42.9%€99k▲ 763%€118k▲ 19.6%€20k▼ 82.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €749k
Fixed assets
€420k ▲ 142%
Current assets
€329k ▲ 62.4%
Equity and liabilities €749k
Equity
€315k ▲ 6.9%
Debt
€434k ▲ 431%
Debt's share of the balance-sheet total rises from 21.7% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▼
2023 · €189k
Cash flow
€34k▼
2023 · €128k
Current ratio
5.38▼
2023 · 6.43
Debt to equity
1.38▲
2023 · 0.28
ROE
6.4%▼
2023 · 40.0%
ROA
2.7%▼
2023 · 31.3%
Interest coverage
7.45▼
2023 · 62.93
Debt ≤ 1 year
€61k▲
2023 · €32k
Debt > 1 year
€373k▲
2023 · €44k
Income taxes
€15k▼
2023 · €58k
Staff costs
€1k▲
2023 · €43
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€377k€749k▲
Fixed assets21/28€174k€420k▲
Tangible fixed assets22/27€174k€420k▲
Land and buildings22€150k€362k▲
Furniture and vehicles24€10k€11k▲
Other tangible fixed assets26€14k€48k▲
Current assets29/58€203k€329k▲
Amounts receivable within one year40/41€93k€288k▲
Trade receivables40€27k€37k▲
Other amounts receivable41€66k€251k▲
Cash at bank and in hand54/58€105k€36k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€377k€749k▲
Equity10/15€295k€315k▲
Contributions10/11€9k€9k=
Reserves13€271k€292k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€269k€290k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€82k€434k▲
Amounts payable after more than one year17€44k€373k▲
Financial debts170/4€44k€373k▲
Amounts payable within one year42/48€32k€61k▲
Current portion of amounts payable after more than one year42€15k€18k▲
Trade debts44€12k€29k▲
Suppliers440/4€11k€29k▲
Bills of exchange payable441€451-
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Other amounts payable47/48€5k€5k▼
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Non-recurring operating income76A€101-
Remuneration, social security and pensions62€43€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€4k€38k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€193k€98k▼
Operating profit (loss)9901€179k€42k▼
Financial income75/76B€164€213▲
Recurring financial income75€164€213▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€176k€35k▼
Income taxes67/77€58k€15k▼
Profit (loss) for the period9904€118k€20k▼
Profit (loss) for the period to be appropriated9905€118k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€35k▼
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer to equity691/2€118k€20k▼
To other reserves6921€118k€20k▼
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
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €118k ▲19.6%
Operating result €179k, net result €118k, both a record.
31-12
Financial
Equity above €200kEq €295k ▲66.6%
6 profitable years in a row build equity to €295k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity times 7current ratio 3.85
Current ratio from 0.57 to 3.85; short-term debt falls from €33k to €22k.
31-12
Financial
Equity above €150kEq €177k ▲126%
5 profitable years in a row build equity to €177k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €8k ▼72.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 295 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 436 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, La Louvière · 1 establishment unit since 2008
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.
Rue de l'Yser(Be) 1487100 La LouvièreGround area
3,579 m²
Building footprint
127 m²
Volume, LiDAR
1,055 m³
Parcel 55573C0142/00H000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Yser(Be) 148, 7100 La Louvière
since 20082.189.973.255
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55573C0142/00H000 | Wallonia | 3,579 m² | 1 · 127 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
Warson Meubelen
BE 0401.365.016
Maasmechelen · Eq €314,952
WALT LOUISE
BE 0413.756.963
Elsene · Eq €314,883
MENINA
BE 0405.498.206
Comines-Warneton · Eq €314,821
MEUBLES STYLE-DECOR
BE 0844.057.871
Comines-Warneton · Eq €314,815
CATHANIX
BE 0899.269.182
Brussel · Eq €315,330
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47551Retail sale of household furniture
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.