Financials
- Fiscal year
- 2025
- Total assets
- €103,236
- Profit
- €37,752
- Solvency
- 72.3%
Total assets▲ 5.8%
Net result
20212025
HKN RENOV
ActiveThe file of HKN RENOV contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 3.6% (moderate). The 2025 annual accounts show equity of €74,596 and a net result of €37,752. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 1204 sector peers (fiscal year 2025).
Overview
Activity
Construction of utility projects for electricity and telecommunications
NACE 42220
1 site
Size
€103,236total assets 2025
- Equity
- €74,596
- Profit
- €37,752
Turnover not published (abridged schema)
Structure
Accounts 57 d early2 of 4 deeds read
Why 51- Founded in 2021- Liquidity: current ratio 4.42, cash €80- 1 change of registered office in 24 months- 1 of the last 3 lateShow the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 75% of its sector peers (NACE 42, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
97+34
equity 72.3% of total assets
Liquidity
43+19
short-term debt 22.1% · cash 0.1%
Profitability
100+69
return on assets 36.6%
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.8%
12-2024: 3.6%▼ -26.7% vs 11-2024
01-2025: 3.6%● 0.0% vs 12-2024
02-2025: 3.5%▼ -1.6% vs 01-2025
03-2025: 3.3%▼ -4.3% vs 02-2025
04-2025: 3.3%▼ -0.4% vs 03-2025
05-2025: 3.2%▼ -2.4% vs 04-2025
06-2025: 3.2%▼ -0.5% vs 05-2025lowest value
07-2025: 3.3%▲ +3.6% vs 06-2025
08-2025: 4.1%▲ +21.6% vs 07-2025
09-2025: 4.2%▲ +4.0% vs 08-2025
10-2025: 5.4%▲ +28.4% vs 09-2025
11-2025: 5.6%▲ +2.3% vs 10-2025
12-2025: 6.5%▲ +16.8% vs 11-2025highest value
01-2026: 5.1%▼ -20.8% vs 12-2025
04-2026: 5.0%
05-2026: 4.9%▼ -0.3% vs 04-2026
06-2026: 4.6%▼ -6.0% vs 05-2026
07-2026: 3.6%▼ -23.4% vs 06-2026
08-2026: 3.6%● 0.0% vs 07-2026
09-2026: 3.5%▼ -0.3% vs 08-2026
10-2026: 3.6%▲ +0.9% vs 09-2026
- Founded in 2021 raises the probability for this profile
- Liquidity: current ratio 4.42, cash €80 raises the probability
- 1 change of registered office in 24 months raises the probability
- 1 of the last 3 late raises the probability
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 4.42 against 1.88 in 2024; short-term debt: 22.1% and cash: 0.1% of total assets), and 27.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, micro). Better than this share of them on solvency 81%, liquidity 37%, profitability 92%, growth against the median 88%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
118 d late
2023
96 d early
2022
66 d late
2021
78 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 5 October (4 of the last 5 filed years within 123 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Registered officeRegistered-office move · Director in…
- Annual accounts filedfiscal year 2025 · micro…
- Resignations & appointmentsCourt decision
Key points
By topic
Timeline
- Events
- 12
- Since
- 2022
- Next accounts
- by 31-07-2027
- 11-06-2026Registered office
- 04-06-2026Annual accounts filed
- 07-05-2026Resignations & appointments
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220
- Founded
- 04-03-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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