CS RENOV
ActiveSummary
CS RENOV has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €14k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+32
Solvency53▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.24 in 2024; short-term debt: 71.6% and cash: 4.5% of total assets), and 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.4%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
50 d late
2023
9 d late
2022
32 d late
2021
16 d late
2020
24 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€141k▲ 11.3%
2024 · €127k
2018: €33k
2019: €12k▼ -64.6% vs 2018
2020: €56k▲ +386% vs 2019
2021: €110k▲ +95.1% vs 2020
2022: €-31k▼ -129% vs 2021lowest in 8 years
2023: €128k▲ +509% vs 2022
2024: €127k▼ -1.0% vs 2023
2025: €141k▲ +11.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€498k▼ 14.8%
2024 · €584k
2018: €172k
2019: €105k▼ -38.6% vs 2018lowest in 8 years
2020: €217k▲ +106% vs 2019
2021: €372k▲ +71.5% vs 2020
2022: €340k▼ -8.5% vs 2021
2023: €583k▲ +71.5% vs 2022
2024: €584k▲ +0.2% vs 2023highest in 8 years
2025: €498k▼ -14.8% vs 2024
2018 → 2025
Net result
€14k
2024 · €-1k
2018: €20k
2019: €-21k▼ -204% vs 2018
2020: €45k▲ +312% vs 2019
2021: €54k▲ +19.7% vs 2020
2022: €-141k▼ -364% vs 2021lowest in 8 years
2023: €159k▲ +213% vs 2022highest in 8 years
2024: €-1k▼ -101% vs 2023
2025: €14k▲ +1219% vs 2024
2018 → 2025
Working capital
€110k▲ 1.2%
2024 · €109k
2018: €22k
2019: €3k▼ -86.6% vs 2018
2020: €50k▲ +1626% vs 2019
2021: €97k▲ +92.6% vs 2020
2022: €-10k▼ -111% vs 2021lowest in 8 years
2023: €107k▲ +1129% vs 2022
2024: €109k▲ +1.6% vs 2023
2025: €110k▲ +1.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€-31k€128k€127k▼ 1.0%€141k▲ 11.3%
2021: €110k
2022: €-31k▼ -129% vs 2021lowest in 5 years
2023: €128k▲ +509% vs 2022
2024: €127k▼ -1.0% vs 2023
2025: €141k▲ +11.3% vs 2024highest in 5 years
Operating result€71k-€-132k€182k€7k▼ 96.3%€30k▲ 342%
2021: €71k
2022: €-132k▼ -287% vs 2021lowest in 5 years
2023: €182k▲ +238% vs 2022highest in 5 years
2024: €7k▼ -96.3% vs 2023
2025: €30k▲ +342% vs 2024
Net result€54k-€-141k€159k€-1k€14k
2021: €54k
2022: €-141k▼ -364% vs 2021lowest in 5 years
2023: €159k▲ +213% vs 2022highest in 5 years
2024: €-1k▼ -101% vs 2023
2025: €14k▲ +1219% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 342% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €498k
Fixed assets
€31k ▲ 72.7%
Current assets
€467k ▼ 17.5%
Equity and liabilities €498k
Equity
€141k ▲ 11.3%
Debt
€357k ▼ 22.0%
Debt's share of the balance-sheet total falls from 78.3% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2024 · €12k
Cash flow
€22k▲
2024 · €4k
Current ratio
1.31▲
2024 · 1.24
Debt to equity
2.53▼
2024 · 3.61
ROE
10.2%▲
2024 · -1.0%
ROA
2.9%▲
2024 · -0.2%
Interest coverage
24.40▲
2024 · 2.55
Debt ≤ 1 year
€357k▼
2024 · €458k
Income taxes
€14k▲
2024 · €6k
Staff costs
€577▲
2024 · €426
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€584k€498k▼
Fixed assets21/28€18k€31k▲
Tangible fixed assets22/27€14k€17k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€12k€16k▲
Financial fixed assets28€4k€14k▲
Current assets29/58€566k€467k▼
Amounts receivable within one year40/41€521k€445k▼
Trade receivables40€504k€411k▼
Other amounts receivable41€17k€34k▲
Cash at bank and in hand54/58€2k€22k▲
Deferred charges and accrued income490/1€44k€0▼
Equity and liabilities
Total equity and liabilities10/49€584k€498k▼
Equity10/15€127k€141k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€113k€127k▲
Amounts payable17/49€458k€357k▼
Amounts payable within one year42/48€458k€357k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€417k€202k▼
Suppliers440/4€417k€202k▼
Taxes, remuneration and social security45€23k€42k▲
Taxes450/3€23k€37k▲
Remuneration and social security454/9€0€5k▲
Other amounts payable47/48€17k€113k▲
Income statement
Code20242025
Remuneration, social security and pensions62€426€577▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€19k€44k▲
Operating profit (loss)9901€7k€30k▲
Financial income75/76B€3k€49▼
Recurring financial income75€3k€49▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€5k€28k▲
Income taxes67/77€6k€14k▲
Profit (loss) for the period9904€-1k€14k▲
Profit (loss) for the period to be appropriated9905€-1k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€127k▲
Profit (loss) brought forward from the previous period14P€114k€113k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50 | €313 | €5k | €426 | €577 | ▲ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €6k | €5k | €7k | ▲ 43.6% |
| Other operating charges640/8 | €7k | €8k | €3k | €7k | €6k | ▼ 12.6% |
| Gross operating margin9900 | €86k | €-114k | €196k | €19k | €44k | ▲ 128% |
| Operating profit (loss)9901 | €71k | €-132k | €182k | €7k | €30k | ▲ 342% |
| Financial income75/76B | €1k | €196 | €297 | €3k | €49 | ▼ 98.3% |
| Recurring financial income75 | €1k | €196 | €297 | €3k | €49 | ▼ 98.3% |
| Financial charges65/66B | €672 | €9k | €6k | €5k | €2k | ▼ 67.3% |
| Recurring financial charges65 | €672 | €9k | €6k | €5k | €2k | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | €71k | €-140k | €176k | €5k | €28k | ▲ 471% |
| Income taxes67/77 | €17k | €796 | €17k | €6k | €14k | ▲ 125% |
| Profit (loss) for the period9904 | €54k | €-141k | €159k | €-1k | €14k | ▲ 1,219% |
| Profit (loss) for the period to be appropriated9905 | €54k | €-141k | €159k | €-1k | €14k | ▲ 1,219% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €372k | €340k | €583k | €584k | €498k | ▼ 14.8% |
| Fixed assets21/28 | €15k | €29k | €21k | €18k | €31k | ▲ 72.7% |
| Tangible fixed assets22/27 | €12k | €23k | €17k | €14k | €17k | ▲ 21.3% |
| Plant, machinery and equipment23 | €3k | €3k | €2k | €2k | €2k | ▼ 15.7% |
| Furniture and vehicles24 | €9k | €21k | €15k | €12k | €16k | ▲ 27.0% |
| Financial fixed assets28 | €3k | €6k | €4k | €4k | €14k | ▲ 274% |
| Current assets29/58 | €357k | €311k | €562k | €566k | €467k | ▼ 17.5% |
| Amounts receivable within one year40/41 | €158k | €219k | €555k | €521k | €445k | ▼ 14.6% |
| Trade receivables40 | €151k | €196k | €548k | €504k | €411k | ▼ 18.6% |
| Other amounts receivable41 | €7k | €23k | €7k | €17k | €34k | ▲ 106% |
| Cash at bank and in hand54/58 | €157k | €89k | €7k | €2k | €22k | ▲ 1,092% |
| Deferred charges and accrued income490/1 | €42k | €3k | €0 | €44k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €372k | €340k | €583k | €584k | €498k | ▼ 14.8% |
| Equity10/15 | €110k | €-31k | €128k | €127k | €141k | ▲ 11.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €96k | €-46k | €114k | €113k | €127k | ▲ 12.7% |
| Amounts payable17/49 | €262k | €371k | €455k | €458k | €357k | ▼ 22.0% |
| Amounts payable after more than one year17 | €2k | €50k | €0 | - | - | - |
| Financial debts170/4 | €2k | €50k | €0 | - | - | - |
| Amounts payable within one year42/48 | €260k | €321k | €455k | €458k | €357k | ▼ 22.0% |
| Current portion of amounts payable after more than one year42 | €16k | €2k | €100k | €0 | - | - |
| Trade debts44 | €162k | €185k | €239k | €417k | €202k | ▼ 51.7% |
| Suppliers440/4 | €162k | €185k | €239k | €417k | €202k | ▼ 51.7% |
| Taxes, remuneration and social security45 | €80k | €21k | €81k | €23k | €42k | ▲ 83.9% |
| Taxes450/3 | €80k | €18k | €56k | €23k | €37k | ▲ 62.0% |
| Remuneration and social security454/9 | €0 | €3k | €25k | €0 | €5k | - |
| Other amounts payable47/48 | €3k | €113k | €35k | €17k | €113k | ▲ 554% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €-141k | €159k | €-1k | €14k | ▲ 1,219% |
| + Depreciation and write-downs630 | €9k | €10k | €6k | €5k | €7k | ▲ 43.6% |
| Operating cash flow (approximation) | €63k | €-131k | €165k | €4k | €22k | ▲ 458% |
| Investment in fixed assets (approximation) | - | €-24k | €2k | €-2k | €-20k | ▼ 814% |
| Change in cash | - | €-69k | €-81k | €-5k | €21k | ▲ 477% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
31-12
Financial
Back to profitnet €159k
Net result €159k after one loss-making year.
31-12
Financial
Equity above €100kEq €128k
Equity rises from €-31k to €128k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-141k
Net result drops to €-141k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Equity above €100kEq €110k ▲95.1%
2 profitable years in a row build equity to €110k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Dilbeek · 1 establishment unit since 2017
Ground area
1.1 ha
Building footprint
7,576 m²
Volume, LiDAR
45,081 m³
2 parcels, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lumbeekstraat 38, 1700 Dilbeek
since 20172.273.339.312
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23079A0087/00D000 | Flanders | 1.1 ha | 1 · 7,476 m² | 13.4 m · 2 fl. |
| 23026A0132/00H002 | Flanders | 219 m² | 1 · 100 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 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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Of 11,135 companies in sector 43910 we hold annual accounts for 5,489. 4,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.