GN RENOVATION
ActiveThe computed 12-month bankruptcy probability of GN RENOVATION is 2.5% (moderate). The 2025 annual accounts show equity of €51k and a net result of €18k. Equity is growing by ~58.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-13
Solvency64=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.42 in 2024; short-term debt: 30.3% and cash: 32.4% of total assets), but 60.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
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
39.3%
Return on assets
13.8%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 3 filingsDeviation from the deadline
2025
2 d late
2024
8 d early
2023
13 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 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▲ 53.9%
2024 · €33k
2023: €13k
2024: €33k
2023 → 2025
Total assets
€130k▲ 51.1%
2024 · €86k
2023: €54k
2024: €86k
2023 → 2025
Net result
€18k▼ 13.4%
2024 · €21k
2023: €3k
2024: €21k
2023 → 2025
Working capital
€29k▲ 119%
2024 · €13k
2023: €-6k
2024: €13k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€13k-€33k▲ 165%€51k▲ 53.9%
Operating result€3k-€26k▲ 883%€25k▼ 6.5%
Net result€3k-€21k▲ 709%€18k▼ 13.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€61k▲ 49.8%
Current assets
€69k▲ 52.3%
Equity and liabilities €130k
Equity
€51k▲ 53.9%
Debt
€79k▲ 49.4%
The debt ratio falls from 61.4% to 60.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €40k
Cash flow
€32k▼
2024 · €35k
Solvency
39.3%▲
2024 · 38.6%
Current ratio
1.75▲
2024 · 1.42
Quick ratio
1.66▲
2024 · 1.34
Debt / equity
1.54▼
2024 · 1.59
ROE
35.0%▼
2024 · 62.2%
ROA
13.8%▼
2024 · 24.0%
Interest coverage
20.46▼
2024 · 29.09
Debt
€79k▲
2024 · €53k
Debt ≤ 1 year
€39k▲
2024 · €32k
Debt > 1 year
€39k▲
2024 · €21k
Income taxes
€5k▲
2024 · €4k
Staff costs
€42k▲
2024 · €6k
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€86k€130k▲
Fixed assets21/28€41k€61k▲
Tangible fixed assets22/27€41k€61k▲
Plant, machinery and equipment23€7k€8k▲
Furniture and vehicles24€34k€53k▲
Current assets29/58€45k€69k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€3k€20k▲
Trade receivables40€3k€14k▲
Other amounts receivable41€81€6k▲
Cash at bank and in hand54/58€38k€42k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€86k€130k▲
Equity10/15€33k€51k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€23k€41k▲
Amounts payable17/49€53k€79k▲
Amounts payable after more than one year17€21k€39k▲
Financial debts170/4€21k€39k▲
Amounts payable within one year42/48€32k€39k▲
Current portion of amounts payable after more than one year42€5k€11k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€15k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€772€1k▲
Gross operating margin9900€47k€82k▲
Operating profit (loss)9901€26k€25k▼
Financial income75/76B€83€6▼
Recurring financial income75€83€6▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€25k€23k▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€21k€18k▼
Profit (loss) for the period to be appropriated9905€21k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€41k▲
Profit (loss) brought forward from the previous period14P€3k€23k▲
The notes to these accounts (8 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2023net €21k ▲709%
Operating result €26k, net result €21k, both a record.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 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, Fléron · 1 establishment unit since 2021
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.
Rue de Retinne 65A4620 FléronGround area
2,259 m²
Building footprint
231 m²
Volume, LiDAR
1,528 m³
2 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GN RENOVATION
since 20212.322.742.006
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038A0193/00R000 | Wallonia | 1,613 m² | 1 · 129 m² | 6.5 m · 2 fl. |
| 62038A0193/00S000 | Wallonia | 646 m² | 1 · 102 m² | 8.9 m · 2 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.
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2021
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
43410Roofing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43421Specialised construction activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.