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Generated 20-08-2026
Active BE 0713.857.246Private limited company

ETOILE RENOVATION & CONSTRUCTION

Vrijheidslaan 175 ·1080 Sint-Jans-Molenbeek, Belgium· 7 yrs active
Sector: Bouwrijp maken van terreinen (43120)
Conclusion Checked

The computed 12-month bankruptcy probability of ETOILE RENOVATION & CONSTRUCTION is 4.9% (elevated). The 2023 annual accounts show equity of €80k and a net result of €54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 468 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €80k
Net result €54k
Better than sector 49%
Active 7 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health86Profitability100Solvency67Growth85Stability100
88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 100
Solvency 67
Growth 85
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
4.9% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2018, 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.
Health barometer FY 2023 · computed
86 / 100 Excellent
050100
Computed from 4 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 2023. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 13-09-2024 with the NBB · fiscal year 2023 · volledig
€-100k€0€100k€200kRevenue 2019: €49k€49kOperating result 2019: €19k€19kNet result 2019: €19k€19kRevenue 2020: €224k€224kOperating result 2020: €-9k€-9kNet result 2020: €10k€10kRevenue 2021: €190k€190kOperating result 2021: €54k€54kNet result 2021: €54k€54kRevenue 2022: €224k€224kOperating result 2022: €-6k€-6kNet result 2022: €-6k€-6kRevenue 2023: €190k€190kOperating result 2023: €54k€54kNet result 2023: €54k€54k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~131% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€20k€40k€60k€80k2019: €21k2020: €2k2021: €77k2022: €2k2023: €80k20192020202120222023
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 35.3% 35.9%
better than 49% of 468 sector peers
Net result €54k €21k
better than 68% of 468 sector peers
Equity €80k €90k
better than 48% of 469 sector peers
Gross operating margin €55k €110k
better than 37% of 439 sector peers
Total assets €227k €353k
better than 43% of 470 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€190k
-15.3% 19-23
EBITDA
€-2k
+65.4% 19-23
Net profit
€54k
- 19-23
Cash flow
€-2k
- 19-23
Total assets
€227k
+1543.8% 19-23
Equity
€80k
+4529.6% 19-23
Working capital
€78k
+20211.7% 19-23
Dividends
€137k
- 19-23
Show 11 other metrics
Debt
€147k
+1116.1% 19-23
Debt ≤ 1y
€147k
+1116.1% 19-23
Current ratio
1.53
+48.5% 19-23
Quick ratio
1.53
+48.5% 19-23
Solvency
35.3%
+181.6% 19-23
Debt / equity
1.83
-73.7% 19-23
ROE
67.0%
- 19-23
ROA
23.7%
- 19-23
Net margin
28.3%
- 19-23
EBITDA margin
-0.7%
+65.4% 19-23
Interest coverage
-26.39
- 19-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue€190k
EBITDA-
Net profit€54k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€227k
Equity€80k
Debt€147k
of which ≤ 1y€147k
of which > 1y-
Working capital€78k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.53
Quick ratio1.53
Working capital ratio34.4%
Solvency35.3%
Debt / equity1.83
Long-term debt ratio-
Interest coverage-
Gross margin28.9%
Net margin28.3%
ROA23.7%
ROE67.0%
EBITDA margin-
Days sales outstanding360d
Days payable outstanding50d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€227k
Fixed assets 21/28€1k
Formation expenses 20€452
Tangible fixed assets 22/27€1k
Financial fixed assets 28€300
Current assets 29/58€225k
Amounts receivable within one year 40/41€215k
Cash & bank 54/58€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€227k
Equity 10/15€80k
Contributions / capital 10/11€9k
Reserves 13€3k
Accumulated profits (losses) 14€69k
Amounts payable 17/49€147k
Amounts payable within one year 42/48€147k
Trade debts payable within one year 44€19k
Income statement
Turnover 70€190k
Gross operating margin 9900€55k
Operating result 9901€54k
Financial charges 65€23
Result before taxes 9903€54k
Net result for the period 9904€54k
Result to be appropriated 9905€54k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Current directors & mandates
  • SALGADO Paulo Francisco
    Director
    State Gazette act 23320216 (07-03-2023)
    Current
    07-03-2023 → present
    2 events
    • 07-03-2023 Mandate renewed· Director
    • 07-03-2023 Resigned· Manager
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Bouwrijp maken van terreinen(43120)
Legal form Private limited company(610)
Incorporation26-11-2018
StatusActive
Postal code1080
Connections & network 8 connected companies
Network connections
AH CONCEPT
Shared address
→
Expert Food.BE
Shared address
→
KA ENTREPRISE
Shared address
→
MAZZINI PROJECTS
Shared address
→
Show 2 more network connections
NANAK
Shared address
→
NOMASA
Shared address
→
2 further connected companies in this network. Available in Kantoor S. See plans →
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
Etoile Rénovation & Construction
Waterloose Steenweg 146, 1640 Sint-Genesius-RodeOptrekken van de ruwbouw van individuele huizen
since 20182.286.796.279
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21526D0069/02A005 Brussels 310 m² 1 · 243 m² 10.9 m · 2 fl.
22552F0285/02B000 Flanders 152 m² 1 · 85 m² 12.6 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-11-2025
State Gazette act Registered-office change
v3.2
2024
13-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
07-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
07-03-2023
State Gazette act Registered-office change
v3.2
2022
26-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
24-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
17-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
21-03-2019
State Gazette act Registered-office change
v3.2
2018
28-11-2018
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 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 4 acts
Address history · 3
24-11-2025
v3.2
07-03-2023
v3.2
21-03-2019
v3.2
All acts · 4 updated 8 months ago
2025
24-11-2025 Registered office moved from Tervuren to Brussel Registered-office change
  • Mechelsestraat 30, 3080 Tervuren → Vrijheidslaan 175, 1080 Brussel
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Brussel",
        "region": "Brussels Gewest",
        "street": "Vrijheidslaan",
        "country": "BE",
        "postcode": "1080",
        "box_number": null,
        "street_number": "175"
      },
      "old_address": {
        "city": "Tervuren",
        "region": "Vlaams Gewest",
        "street": "Mechelsestraat",
        "country": "BE",
        "postcode": "3080",
        "box_number": null,
        "street_number": "30"
      },
      "effective_date": "2025-09-19",
      "evidence_quote": "De algemene vergadering aanvaardt de verplaatsling van de zetel naar Vrijheidslaan, 175 op 1080 Brussel, en dit vanaf deze dag"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0713.857.246",
    "name_full": "ETOILE RENOVATION \u0026 CONSTRUCTION",
    "legal_form": "BV"
  }
}
2023
07-03-2023 Registered office moved from Sint-Genesius-Rode to Tervuren Registered-office change
  • Waterloose Steenweg 146, 1640 Sint-Genesius-Rode → Mechelsestraat 30, 3080 Tervuren
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Tervuren",
        "region": "Vlaams Gewest",
        "street": "Mechelsestraat",
        "country": "BE",
        "postcode": "3080",
        "box_number": null,
        "street_number": "30"
      },
      "old_address": {
        "city": "Sint-Genesius-Rode",
        "region": "Brussels Hoofdstedelijk Gewest",
        "street": "Waterloose Steenweg",
        "country": "BE",
        "postcode": "1640",
        "box_number": null,
        "street_number": "146"
      },
      "effective_date": "2023-02-27",
      "evidence_quote": "De algemene vergadering beslist de zetel van de vennootschap te verplaatsen van 1640 Sint-Genesius-Rode, Waterloose Steenweg 146 naar 3080 Tervuren, Mechelsestraat 30."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0713.857.246",
    "name_full": "ETOILE RENOVATION \u0026 CONSTRUCTION",
    "legal_form": "BVBA"
  }
}
2019
21-03-2019 Registered office moved from Ixelles to Rhode-Saint-Genese Registered-office change
  • Rue de L'Automne 28, 1050 Ixelles → Chaussée de Waterloo 146, 1640 Rhode-Saint-Genese
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Rhode-Saint-Genese",
        "region": "Brussels Gewest",
        "street": "Chauss\u00E9e de Waterloo",
        "country": "BE",
        "postcode": "1640",
        "box_number": null,
        "street_number": "146"
      },
      "old_address": {
        "city": "Ixelles",
        "region": "Brussels Gewest",
        "street": "Rue de L\u0027Automne",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "28"
      },
      "effective_date": "2019-03-01",
      "evidence_quote": "L\u0027assembl\u00E9e generale approuve le transf\u00E9rt du si\u00E8ge de la soci\u00E9t\u00E9 vers Chauss\u00E9e de Waterloo 146, 1640 - Rhode-Saint-G\u00E8nese et ce \u00E0 partir de ce jour."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0713.857.246",
    "name_full": "ETOILE RENOVATION \u0026 CONSTRUCTION",
    "legal_form": "SPRL"
  }
}
2018
28-11-2018 Incorporation of a new SNC Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1050 Ixelles, rue de l\u2019Automne 28",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1970-12-02",
        "name": "SALGADO Paulo Francisco",
        "niss": null,
        "address": "1410 Waterloo, avenue des Sarcelles 88"
      },
      "share_class": "ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 12400.0,
      "holder_person_name": "SALGADO Paulo Francisco",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 18600.0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 18600.0,
  "subject_company": {
    "kbo": "0713.857.246",
    "name_full": "ETOILE RENOVATION \u0026 CONSTRUCTION",
    "legal_form": "SNC"
  },
  "initial_directors": [],
  "incorporation_date": "2018-11-22",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Bouwrijp maken van terreinen43120Stukadoorswerk43310Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Algemene reiniging van gebouwen81210Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
Legal nameNL ETOILE RENOVATION & CONSTRUCTION
Registered office
Vrijheidslaan 175
1080 Sint-Jans-Molenbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative