FS RENOVATION
ActiveThe computed 12-month bankruptcy probability of FS RENOVATION is 1.6% (moderate). The 2025 annual accounts show equity of €3k and a net result of €13k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 27787 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+86
Solvency28▲+14
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27787 sector peers (2025).
NBB · sector comparisonPosition among 27787 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
1 d early
2022
on the day
2021
5 d early
2020
1 d late
2019
54 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k
2024 · €-10k
2019: €19k
2020: €12k
2021: €17k
2022: €30k
2023: €30k
2024: €-10k
2019 → 2025
Total assets
€96k▲ 0.1%
2024 · €96k
2019: €179k
2020: €115k
2021: €83k
2022: €144k
2023: €135k
2024: €96k
2019 → 2025
Net result
€13k
2024 · €-40k
2019: €12k
2020: €-7k
2021: €5k
2022: €13k
2023: €161
2024: €-40k
2019 → 2025
Working capital
€554
2024 · €-11k
2019: €17k
2020: €8k
2021: €13k
2022: €46k
2023: €27k
2024: €-11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€30k▲ 79.0%€30k▲ 0.5%€-10k€3k
Operating result€8k-€16k▲ 99.8%€6k▼ 64.7%€-37k€13k
Net result€5k-€13k▲ 155%€161▼ 98.8%€-40k€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €37k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€57k▼ 6.6%
Current assets
€39k▲ 11.6%
Equity and liabilities €96k
Equity
€3k
Debt
€93k
Debt finances 97.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€21k▲
2024 · €-29k
Cash flow
€21k▲
2024 · €-32k
Solvency
3.0%▲
2024 · -10.8%
Current ratio
1.01▲
2024 · 0.76
Quick ratio
1.01▲
2024 · 0.76
Debt / equity
32.27▲
2024 · -10.24
ROE
461.5%
ROA
13.9%▲
2024 · -42.2%
Interest coverage
8.49▲
2024 · -11.63
Debt
€93k▼
2024 · €106k
Debt ≤ 1 year
€39k▼
2024 · €46k
Debt > 1 year
€54k▼
2024 · €60k
Income taxes
€-3k▼
2024 · €1k
Staff costs
€6k▲
2024 · €2k
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€96k€96k▲
Formation expenses20€0-
Fixed assets21/28€61k€57k▼
Tangible fixed assets22/27€60k€54k▼
Land and buildings22€47k€44k▼
Plant, machinery and equipment23€519€169▼
Furniture and vehicles24€13k€9k▼
Other tangible fixed assets26€674€595▼
Financial fixed assets28€363€3k▲
Current assets29/58€35k€39k▲
Amounts receivable within one year40/41€32k€35k▲
Trade receivables40€25k€26k▲
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€914€3k▲
Deferred charges and accrued income490/1€2k€797▼
Equity and liabilities
Total equity and liabilities10/49€96k€96k▲
Equity10/15€-10k€3k▲
Contributions10/11€6k€6k▼
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-18k€-5k▲
Amounts payable17/49€106k€93k▼
Amounts payable after more than one year17€60k€54k▼
Financial debts170/4€60k€54k▼
Amounts payable within one year42/48€46k€39k▼
Current portion of amounts payable after more than one year42€9k€6k▼
Trade debts44€21k€18k▼
Suppliers440/4€21k€18k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€265€349▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€14k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€384€401▲
Gross operating margin9900€-26k€28k▲
Operating profit (loss)9901€-37k€13k▲
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-39k€11k▲
Income taxes67/77€1k€-3k▼
Profit (loss) for the period9904€-40k€13k▲
Profit (loss) for the period to be appropriated9905€-40k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-5k▲
Profit (loss) brought forward from the previous period14P€22k€-18k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet €-40k ▼25196%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hoeilaart · 2 establishment units since 2018
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.
Guillaume Dekleermaekerstraat 321560 HoeilaartGround area
949 m²
Building footprint
345 m²
Volume, LiDAR
2,663 m³
2 parcels, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
FS RENOVATION
since 20182.277.850.406
FS RENOVATION
since 20242.381.573.989
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033B0006/00H003 | Flanders | 708 m² | 1 · 131 m² | 5.9 m · 1 fl. |
| 23033B0832/00H000 | Flanders | 241 m² | 1 · 213 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoeilaart2.381.573.989
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 1,789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.