IRENOVA
ActiveIRENOVA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+2
Solvency43▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 5.76 in 2023; short-term debt: 81.7% and cash: 95.2% of total assets), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.7%
Return on assets
13.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
29 d late
2021
23 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k▼ 19.9%
2023 · €50k
2018: €-28k
2019: €14k
2020: €-6k
2021: €-24k
2022: €-42k
2023: €50k
2018 → 2024
Total assets
€228k▼ 65.6%
2023 · €661k
2018: €168k
2019: €506k
2020: €455k
2021: €462k
2022: €504k
2023: €661k
2018 → 2024
Net result
€30k▼ 59.0%
2023 · €73k
2018: €-22k
2019: €42k
2020: €-20k
2021: €-19k
2022: €-17k
2023: €73k
2018 → 2024
Working capital
€41k▼ 92.4%
2023 · €546k
2018: €139k
2019: €374k
2020: €397k
2021: €383k
2022: €408k
2023: €546k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-6k-€-24k▼ 318%€-42k▼ 70.3%€50k€40k▼ 19.9%
Operating result€-19k-€-17k▲ 7.6%€-15k▲ 11.4%€78k€44k▼ 43.9%
Net result€-20k-€-19k▲ 7.0%€-17k▲ 7.5%€73k€30k▼ 59.0%
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 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€150▼ 51.3%
Current assets
€228k▼ 65.6%
Equity and liabilities €228k
Equity
€40k▼ 19.9%
Debt
€187k▼ 69.3%
The debt ratio falls from 92.4% to 82.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44k▼
2023 · €79k
Cash flow
€30k▼
2023 · €74k
Solvency
17.7%▲
2023 · 7.6%
Current ratio
1.22▼
2023 · 5.76
Quick ratio
1.17▲
2023 · 0.27
Debt / equity
4.65▼
2023 · 12.13
ROE
74.2%▼
2023 · 144.8%
ROA
13.1%▲
2023 · 11.0%
Interest coverage
35.78▼
2023 · 69.61
Debt
€187k▼
2023 · €611k
Debt ≤ 1 year
€186k▲
2023 · €115k
Debt > 1 year
€0▼
2023 · €495k
Income taxes
€14k▲
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€661k€228k▼
Fixed assets21/28€308€150▼
Tangible fixed assets22/27€158€0▼
Plant, machinery and equipment23€158€0▼
Financial fixed assets28€150€150=
Current assets29/58€661k€228k▼
Stocks and contracts in progress3€630k€10k▼
Stocks30/36€630k€10k▼
Amounts receivable within one year40/41€3k€0▼
Trade receivables40€3k€0▼
Other amounts receivable41€224€0▼
Cash at bank and in hand54/58€27k€217k▲
Deferred charges and accrued income490/1€1k€908▼
Equity and liabilities
Total equity and liabilities10/49€661k€228k▼
Equity10/15€50k€40k▼
Contributions10/11€40k€1k▼
Reserves13€10k€39k▲
Distributable reserves133€10k€39k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€611k€187k▼
Amounts payable after more than one year17€495k€0▼
Financial debts170/4€495k€0▼
Amounts payable within one year42/48€115k€186k▲
Current portion of amounts payable after more than one year42-€100k
Financial debts43€5€5=
Credit institutions430/8€5€5=
Trade debts44€3k€432▼
Suppliers440/4€3k€432▼
Taxes, remuneration and social security45€13k€5k▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€99k€80k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€158▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€80k€46k▼
Operating profit (loss)9901€78k€44k▼
Financial income75/76B€32€1k▲
Recurring financial income75€32€1k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€77k€44k▼
Income taxes67/77€4k€14k▲
Profit (loss) for the period9904€73k€30k▼
Profit (loss) for the period to be appropriated9905€73k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€30k▲
Profit (loss) brought forward from the previous period14P€-62k€0▲
Transfer to equity691/2€10k€29k▲
To other reserves6921€10k€29k▲
Profit to be distributed694/7€940€940=
Return on contributions (dividend)694€940€940=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €73k
Net result €73k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 8.12
Current ratio from 3.90 to 8.12; short-term debt falls from €129k to €56k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 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, Ieper · 1 establishment unit since 2016
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.
Perseweide 198902 IeperGround area
543 m²
Building footprint
165 m²
Volume, LiDAR
894 m³
Parcel 33036C0369/00R000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IRENOVA
since 20162.258.929.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036C0369/00R000 | Flanders | 542 m² | 1 · 165 m² | 9.3 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.
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 4,822 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2016
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
46130Agents in the wholesale of timber and building materials
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
71113Urban planning and landscape architecture
71121Engineering and related technical consultancy, excluding land surveyors
79901Tourist information services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.