FB ReNieProjects
ActiveSummary
FB ReNieProjects has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,318 and a net result of €44,307. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+10
Solvency73▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.59 in 2024; short-term debt: 52.2% and cash: 42.8% of total assets), but 52.2% of the assets are financed with debt.
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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 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
47.8%
Return on assets
21.1%
Age of the figures
15 mo
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 · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
11 d early
2023
2 d early
2022
1 d early
2021
7 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€100,318▲ 79.1%
2024 · €56,011
Total assets
€209,792▲ 43.1%
2024 · €146,572
Net result
€44,307▲ 130%
2024 · €19,226
Working capital
€98,016▲ 84.9%
2024 · €52,997
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,710▼ 76.8%€6,219▲ 67.6%€1,579▼ 74.6%€30,263▲ 1,816%€63,883▲ 111%
Net result€1,083within the sector's middle half▼ 93.0%€1,001within the sector's middle half▼ 7.5%-€824below the sector's middle half€19,226within the sector's middle half€44,307above the sector's middle half▲ 130%
Equity€36,608within the sector's middle half▲ 3.0%€37,609within the sector's middle half▲ 2.7%€36,785within the sector's middle half▼ 2.2%€56,011within the sector's middle half▲ 52.3%€100,318within the sector's middle half▲ 79.1%
Total assets€263,646within the sector's middle half▲ 144%€323,741above the sector's middle half▲ 22.8%€137,095within the sector's middle half▼ 57.7%€146,572within the sector's middle half▲ 6.9%€209,792within the sector's middle half▲ 43.1%
Debt€227,039▲ 214%€286,132▲ 26.0%€100,310▼ 64.9%€90,561▼ 9.7%€109,474▲ 20.9%
Working capital€194,724above the sector's middle half▲ 467%€36,692within the sector's middle half▼ 81.2%€33,224within the sector's middle half▼ 9.5%€52,997within the sector's middle half▲ 59.5%€98,016above the sector's middle half▲ 84.9%
Solvency13.9%below the sector's middle half▼ 19.1pp11.6%below the sector's middle half▼ 2.3pp26.8%within the sector's middle half▲ 15.2pp38.2%within the sector's middle half▲ 11.4pp47.8%within the sector's middle half▲ 9.6pp
Current ratio3.89above the sector's middle half▲ 2.411.13within the sector's middle half▼ 2.761.33within the sector's middle half▲ 0.201.59within the sector's middle half▲ 0.251.90within the sector's middle half▲ 0.31
Return on assets (ROA)0.4%below the sector's middle half▼ 14.0pp0.3%below the sector's middle half▼ 0.1pp-0.6%below the sector's middle half▼ 0.9pp13.1%within the sector's middle half▲ 13.7pp21.1%above the sector's middle half▲ 8.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,792
Fixed assets
€2,302 ▼ 23.6%
Current assets
€207,490 ▲ 44.5%
Equity and liabilities €209,792
Equity
€100,318 ▲ 79.1%
Debt
€109,474 ▲ 20.9%
Debt's share of the balance-sheet total falls from 61.8% to 52.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,349▲
2024 · €31,105
Cash flow
€44,772▲
2024 · €20,068
Quick ratio
0.98▲
2024 · 0.93
Debt to equity
1.09▼
2024 · 1.62
ROE
44.2%▲
2024 · 34.3%
Interest coverage
524.48▲
2024 · 199.49
Debt ≤ 1 year
€109,474▲
2024 · €90,561
Income taxes
€19,209▲
2024 · €10,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,353 | - | €452 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €649 | €516 | €685 | €842 | €466 | ▼ 44.7% |
| Other operating charges640/8 | - | €187 | €409 | €210 | €294 | ▲ 40.3% |
| Gross operating margin9900 | €4,620 | €6,922 | €2,673 | €31,315 | €64,643 | ▲ 106% |
| Operating profit (loss)9901 | €3,710 | €6,219 | €1,579 | €30,263 | €63,883 | ▲ 111% |
| Financial income75/76B | - | - | €4 | €1 | €1 | ▲ 30.1% |
| Recurring financial income75 | €34 | - | €4 | €1 | €1 | ▲ 30.1% |
| Financial charges65/66B | - | €4,029 | €470 | €156 | €369 | ▲ 137% |
| Recurring financial charges65 | €2,661 | €4,029 | €470 | €156 | €123 | ▼ 21.3% |
| Non-recurring financial charges66B | - | - | - | - | €247 | - |
| Profit (loss) for the period before taxes9903 | €1,083 | €2,190 | €1,113 | €30,108 | €63,515 | ▲ 111% |
| Income taxes67/77 | - | €1,189 | €1,937 | €10,882 | €19,209 | ▲ 76.5% |
| Profit (loss) for the period9904 | €1,083 | €1,001 | -€824 | €19,226 | €44,307 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €1,083 | €1,001 | -€824 | €19,226 | €44,307 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,646 | €323,741 | €137,095 | €146,572 | €209,792 | ▲ 43.1% |
| Fixed assets21/28 | €1,433 | €917 | €3,561 | €3,014 | €2,302 | ▼ 23.6% |
| Tangible fixed assets22/27 | €1,433 | €917 | €3,561 | €3,014 | €2,302 | ▼ 23.6% |
| Land and buildings22 | - | €531 | €3,020 | €2,532 | €2,165 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €386 | €541 | €482 | €137 | ▼ 71.5% |
| Current assets29/58 | €262,213 | €322,823 | €133,535 | €143,558 | €207,490 | ▲ 44.5% |
| Stocks and contracts in progress3 | €162,113 | €93,976 | €99,129 | €59,468 | €99,950 | ▲ 68.1% |
| Stocks30/36 | - | €31,771 | €58,424 | €59,468 | €99,950 | ▲ 68.1% |
| Contracts in progress37 | - | €62,205 | €40,705 | - | - | - |
| Amounts receivable within one year40/41 | €17,774 | €186,103 | €5,399 | €2,812 | €17,722 | ▲ 530% |
| Trade receivables40 | - | €185,715 | €2,471 | €2,683 | €15,686 | ▲ 485% |
| Other amounts receivable41 | - | €388 | €2,927 | €129 | €2,037 | ▲ 1,479% |
| Cash at bank and in hand54/58 | €26,026 | €42,744 | €29,007 | €81,279 | €89,817 | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,646 | €323,741 | €137,095 | €146,572 | €209,792 | ▲ 43.1% |
| Equity10/15 | €36,608 | €37,609 | €36,785 | €56,011 | €100,318 | ▲ 79.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,408 | €31,409 | €30,585 | €49,811 | €94,118 | ▲ 89.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €29,549 | €28,725 | €49,811 | €94,118 | ▲ 89.0% |
| Amounts payable17/49 | €227,039 | €286,132 | €100,310 | €90,561 | €109,474 | ▲ 20.9% |
| Amounts payable after more than one year17 | €159,549 | - | - | - | - | - |
| Amounts payable within one year42/48 | €67,489 | €286,132 | €100,310 | €90,561 | €109,474 | ▲ 20.9% |
| Trade debts44 | €26,663 | €9,624 | €20,288 | €10,658 | €31,144 | ▲ 192% |
| Suppliers440/4 | - | €9,624 | €20,288 | €10,658 | €27,870 | ▲ 162% |
| Bills of exchange payable441 | - | - | - | - | €3,274 | - |
| Advances received on contracts in progress46 | - | €223,850 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €7 | - | €11,818 | €9,904 | ▼ 16.2% |
| Taxes450/3 | - | €7 | - | €11,818 | €9,904 | ▼ 16.2% |
| Other amounts payable47/48 | - | €52,650 | €80,023 | €68,085 | €68,426 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,083 | €1,001 | -€824 | €19,226 | €44,307 | ▲ 130% |
| + Depreciation and write-downs630 | €649 | €516 | €685 | €842 | €466 | ▼ 44.7% |
| Operating cash flow (approximation) | €1,731 | €1,517 | -€139 | €20,068 | €44,772 | ▲ 123% |
| Investment in fixed assets (approximation) | - | €0 | -€3,328 | -€295 | €247 | ▲ 184% |
| Change in cash | - | €16,718 | -€13,737 | €52,272 | €8,539 | ▼ 83.7% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €44,307 ▲130%
Operating result €63,883, net result €44,307, both a record.
30-06
Financial
Equity above €100,000Eq €100,318 ▲79.1%
2 profitable years in a row build equity to €100,318.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €19,226
Net result €19,226 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 3.89
Current ratio from 1.47 to 3.89; short-term debt falls from €72,320 to €67,489.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €15,489
Net result €15,489 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Erpe-Mere · 1 establishment unit since 2014
Ground area
877 m²
Building footprint
136 m²
Parcel 41006A0591/00D000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FB ReNieProjects
since 20142.237.634.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41006A0591/00D000 | Flanders | 877 m² | 1 · 136 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,847 EUR awarded · 2,847 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,847 EUR | 2,847 EUR |
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,376 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
Founded10-12-2014
Fiscal year end30-06
Activities, NACEBEL 2025
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506709984
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.