Flanders Renovations

Active

Private limited companyfounded 20242 yrs activeZandbergstraat(Kor) 3, 8500 Kortrijk, BelgiumKBO/BCE: BE 1006.631.653

The computed 12-month bankruptcy probability of Flanders Renovations is 2.2% (moderate). The 2025 annual accounts show equity of €45k and a net result of €21k. Its solvency ranks better than 59% of 27711 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

78 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency81▲+23

Growth78

Track record82

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 3.0 against 1.26 in 2024; short-term debt: 20.9% and cash: 46.3% of total assets), and 44.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

55.6%

Return on assets

25.7%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

32 d early

2024

29 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€45k▲ 79.6%

2024 · €25k

2024: €25k

2024 → 2025

Total assets

€80k▲ 5.1%

2024 · €77k

2024: €77k

2024 → 2025

Net result

€21k▲ 3.9%

2024 · €20k

2024: €20k

2024 → 2025

Working capital

€34k▲ 398%

2024 · €7k

2024: €7k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€25k-€45k▲ 79.6%

Operating result€28k-€30k▲ 4.6%

Net result€20k-€21k▲ 3.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 5% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €79k

36.2%

63.8%

Fixed assets €29k▼ 31.4%

Current assets €50k▲ 53.0%

Equity and liabilities €80k

55.6%

44.4%

Equity €45k▲ 79.6%

Debt €36k▼ 30.7%

The debt ratio falls from 67.5% to 44.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€43k▲

2024 · €38k

Cash flow

€34k▲

2024 · €30k

Solvency

55.6%▲

2024 · 32.5%

Current ratio

3.00▲

2024 · 1.26

Quick ratio

3.00▲

2024 · 1.26

Debt / equity

0.80▼

2024 · 2.07

ROE

46.2%▼

2024 · 79.9%

ROA

25.7%▼

2024 · 26.0%

Interest coverage

35.28▼

2024 · 51.12

Debt

€36k▼

2024 · €52k

Debt ≤ 1 year

€17k▼

2024 · €26k

Debt > 1 year

€19k▼

2024 · €25k

Income taxes

€8k▲

2024 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€77k€80k▲

Formation expenses20€2k€1k▼

Fixed assets21/28€42k€29k▼

Tangible fixed assets22/27€42k€29k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€40k€28k▼

Current assets29/58€33k€50k▲

Amounts receivable within one year40/41€9k€11k▲

Trade receivables40€9k€8k▼

Other amounts receivable41-€2k

Cash at bank and in hand54/58€21k€37k▲

Deferred charges and accrued income490/1€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€77k€80k▲

Equity10/15€25k€45k▲

Contributions10/11€5k€5k=

Reserves13€20k€39k▲

Distributable reserves133€20k€39k▲

Profit (loss) carried forward14€401€718▲

Amounts payable17/49€52k€36k▼

Amounts payable after more than one year17€25k€19k▼

Financial debts170/4€25k€19k▼

Amounts payable within one year42/48€26k€17k▼

Current portion of amounts payable after more than one year42€7k€6k▼

Trade debts44€54€927▲

Suppliers440/4€54€927▲

Taxes, remuneration and social security45€12k€5k▼

Taxes450/3€12k€5k▼

Other amounts payable47/48€7k€5k▼

Accrued charges and deferred income492/3€4-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲

Other operating charges640/8€543€783▲

Gross operating margin9900€39k€44k▲

Operating profit (loss)9901€28k€30k▲

Financial income75/76B€1€0▼

Recurring financial income75€1€0▼

Financial charges65/66B€743€1k▲

Recurring financial charges65€743€1k▲

Profit (loss) for the period before taxes9903€28k€28k▲

Income taxes67/77€8k€8k▲

Profit (loss) for the period9904€20k€21k▲

Profit (loss) for the period to be appropriated9905€20k€21k▲

Appropriation of the result

Profit (loss) to be appropriated9906€20k€21k▲

Profit (loss) brought forward from the previous period14P-€401

Transfer to equity691/2€20k€20k=

To other reserves6921€20k€20k=

Profit to be distributed694/7-€859

Return on contributions (dividend)694-€859

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity doublescurrent ratio 3.00

Current ratio from 1.26 to 3.00; short-term debt falls from €26k to €17k.

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Kortrijk · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Zandbergstraat(Kor) 38500 Kortrijk

Ground area

435 m²

Building footprint

98 m²

Volume, LiDAR

579 m³

Parcel 34353A1189/00H002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Flanders Renovations

Zandbergstraat(Kor) 3, 8500 KortrijkGeneral construction of buildings

since 20242.357.421.781

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34353A1189/00H002	Flanders	435 m²	1 · 98 m²	9.1 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 180 EUR awarded · 180 EUR paid

Year	Entries	awarded	paid
2025	1	180 EUR	180 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 180 EUR · 180 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

GAEL CONSTRUCTION

BE 0791.302.442

Machelen (Brab.) · Eq €45k

INVERDEBO

BE 0765.314.063

Gent · Eq €45k

Betonvloeren Lefevere

Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,984 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-02-2024

Fiscal year end31-12

Activities, NACEBEL

43350Other building finishing work

43230Insulation installation

43291Specialised construction activities

43310Plastering work

43331Floor and wall tiling

43422Screed work

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.