IRenovator
ActiveSummary
IRenovator has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €9k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 1.94 in 2024; short-term debt: 22.6% and cash: 4.1% of total assets), and 22.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
77.4%
Return on assets
30.4%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
13 d late
2022
29 d late
2021
23 d late
2020
326 d late
2019
214 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 64.7%
2024 · €14k
2018: €9k
2019: €10k▲ +10.7% vs 2018
2020: €8k▼ -20.0% vs 2019
2021: €14k▲ +65.3% vs 2020
2022: €9k▼ -36.2% vs 2021
2023: €2k▼ -74.2% vs 2022lowest in 8 years
2024: €14k▲ +522% vs 2023
2025: €23k▲ +64.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€30k▲ 5.7%
2024 · €29k
2018: €25k
2019: €28k▲ +10.8% vs 2018
2020: €35k▲ +22.6% vs 2019
2021: €35k▲ +1.9% vs 2020highest in 8 years
2022: €18k▼ -49.9% vs 2021
2023: €15k▼ -16.9% vs 2022lowest in 8 years
2024: €29k▲ +94.6% vs 2023
2025: €30k▲ +5.7% vs 2024
2018 → 2025
Net result
€9k▼ 22.9%
2024 · €12k
2018: €3k
2019: €1k▼ -68.9% vs 2018
2020: €-2k▼ -307% vs 2019
2021: €5k▲ +361% vs 2020
2022: €-5k▼ -192% vs 2021
2023: €-7k▼ -30.7% vs 2022lowest in 8 years
2024: €12k▲ +281% vs 2023highest in 8 years
2025: €9k▼ -22.9% vs 2024
2018 → 2025
Working capital
€20k▲ 45.8%
2024 · €14k
2018: €9k
2019: €10k▲ +10.7% vs 2018
2020: €8k▼ -20.0% vs 2019
2021: €13k▲ +54.1% vs 2020
2022: €8k▼ -36.0% vs 2021
2023: €1k▼ -86.1% vs 2022lowest in 8 years
2024: €14k▲ +1080% vs 2023
2025: €20k▲ +45.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€9k▼ 36.2%€2k▼ 74.2%€14k▲ 522%€23k▲ 64.7%
2021: €14k
2022: €9k▼ -36.2% vs 2021
2023: €2k▼ -74.2% vs 2022lowest in 5 years
2024: €14k▲ +522% vs 2023
2025: €23k▲ +64.7% vs 2024highest in 5 years
Operating result€6k-€-5k€-6k▼ 17.4%€13k€12k▼ 9.0%
2021: €6k
2022: €-5k▼ -196% vs 2021
2023: €-6k▼ -17.4% vs 2022lowest in 5 years
2024: €13k▲ +303% vs 2023highest in 5 years
2025: €12k▼ -9.0% vs 2024
Net result€5k-€-5k€-7k▼ 30.7%€12k€9k▼ 22.9%
2021: €5k
2022: €-5k▼ -192% vs 2021
2023: €-7k▼ -30.7% vs 2022lowest in 5 years
2024: €12k▲ +281% vs 2023highest in 5 years
2025: €9k▼ -22.9% vs 2024
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 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€4k ▲ 498%
Current assets
€27k ▼ 4.8%
Equity and liabilities €30k
Equity
€23k ▲ 64.7%
Debt
€7k ▼ 52.6%
Debt's share of the balance-sheet total falls from 50.4% to 22.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €13k
Cash flow
€10k▼
2024 · €12k
Current ratio
3.91▲
2024 · 1.94
Debt to equity
0.29▼
2024 · 1.01
ROE
39.3%▼
2024 · 83.9%
ROA
30.4%▼
2024 · 41.7%
Interest coverage
42.50▲
2024 · 31.43
Debt ≤ 1 year
€7k▼
2024 · €14k
Income taxes
€3k▲
2024 · €621
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€30k▲
Fixed assets21/28€590€4k▲
Tangible fixed assets22/27€590€4k▲
Plant, machinery and equipment23€590€4k▲
Current assets29/58€28k€27k▼
Amounts receivable within one year40/41€16k€25k▲
Trade receivables40€1k€2k▲
Other amounts receivable41€14k€24k▲
Cash at bank and in hand54/58€7k€1k▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€29k€30k▲
Equity10/15€14k€23k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€8k€17k▲
Amounts payable17/49€14k€7k▼
Amounts payable within one year42/48€14k€7k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€806€2k▲
Taxes450/3€806€2k▲
Other amounts payable47/48€6k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€536€819▲
Other operating charges640/8€505€520▲
Gross operating margin9900€14k€13k▼
Operating profit (loss)9901€13k€12k▼
Financial income75/76B-€216
Recurring financial income75-€216
Financial charges65/66B€428€296▼
Recurring financial charges65€428€296▼
Profit (loss) for the period before taxes9903€12k€12k▼
Income taxes67/77€621€3k▲
Profit (loss) for the period9904€12k€9k▼
Profit (loss) for the period to be appropriated9905€12k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€17k▲
Profit (loss) brought forward from the previous period14P€-4k€8k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184 | €374 | €475 | €536 | €819 | ▲ 52.8% |
| Other operating charges640/8 | €226 | €932 | €646 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €6k | €-4k | €-5k | €14k | €13k | ▼ 6.2% |
| Operating profit (loss)9901 | €6k | €-5k | €-6k | €13k | €12k | ▼ 9.0% |
| Financial income75/76B | €1 | €20 | - | - | €216 | - |
| Recurring financial income75 | €1 | €20 | - | - | €216 | - |
| Financial charges65/66B | €175 | €601 | €173 | €428 | €296 | ▼ 30.9% |
| Recurring financial charges65 | €175 | €601 | €173 | €428 | €296 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €5k | €-6k | €-7k | €12k | €12k | ▼ 6.5% |
| Income taxes67/77 | - | €-1k | - | €621 | €3k | ▲ 308% |
| Profit (loss) for the period9904 | €5k | €-5k | €-7k | €12k | €9k | ▼ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-5k | €-7k | €12k | €9k | ▼ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €18k | €15k | €29k | €30k | ▲ 5.7% |
| Fixed assets21/28 | €939 | €565 | €1k | €590 | €4k | ▲ 498% |
| Tangible fixed assets22/27 | €939 | €565 | €1k | €590 | €4k | ▲ 498% |
| Plant, machinery and equipment23 | €939 | €565 | €1k | €590 | €4k | ▲ 498% |
| Current assets29/58 | €34k | €17k | €14k | €28k | €27k | ▼ 4.8% |
| Amounts receivable within one year40/41 | €17k | €10k | €7k | €16k | €25k | ▲ 63.5% |
| Trade receivables40 | €10k | €169 | €4k | €1k | €2k | ▲ 69.7% |
| Other amounts receivable41 | €8k | €10k | €3k | €14k | €24k | ▲ 63.0% |
| Cash at bank and in hand54/58 | €8k | €2k | €1k | €7k | €1k | ▼ 83.3% |
| Deferred charges and accrued income490/1 | €9k | €5k | €5k | €5k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €18k | €15k | €29k | €30k | ▲ 5.7% |
| Equity10/15 | €14k | €9k | €2k | €14k | €23k | ▲ 64.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Outside capital11 | - | - | €6k | - | - | - |
| Share premium1100/10 | - | - | €6k | - | - | - |
| Reserves13 | €223 | €223 | - | - | - | - |
| Non-distributable reserves130/1 | €223 | €223 | - | - | - | - |
| Legal reserve130 | €223 | €223 | - | - | - | - |
| Profit (loss) carried forward14 | €7k | €2k | €-4k | €8k | €17k | ▲ 118% |
| Amounts payable17/49 | €21k | €9k | €12k | €14k | €7k | ▼ 52.6% |
| Amounts payable within one year42/48 | €21k | €9k | €12k | €14k | €7k | ▼ 52.6% |
| Trade debts44 | €21k | €8k | €12k | €8k | €2k | ▼ 68.4% |
| Suppliers440/4 | €18k | €8k | €12k | €8k | €2k | ▼ 68.4% |
| Bills of exchange payable441 | €4k | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €899 | €706 | €806 | €2k | ▲ 94.1% |
| Taxes450/3 | - | €899 | €706 | €806 | €2k | ▲ 94.1% |
| Other amounts payable47/48 | - | - | - | €6k | €3k | ▼ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-5k | €-7k | €12k | €9k | ▼ 22.9% |
| + Depreciation and write-downs630 | €184 | €374 | €475 | €536 | €819 | ▲ 52.8% |
| Operating cash flow (approximation) | €6k | €-5k | €-6k | €12k | €10k | ▼ 19.6% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €-4k | - |
| Change in cash | - | €-6k | €-815 | €6k | €-6k | ▼ 199% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.91
Current ratio from 1.94 to 3.91; short-term debt falls from €14k to €7k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
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
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 326 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 214 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 580 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2017
Ground area
750 m²
Building footprint
529 m²
Volume, LiDAR
6,239 m³
2 parcels, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IRenovator
since 20172.263.963.667
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0405/00X003 | Flanders | 607 m² | 1 · 444 m² | 16.4 m · 4 fl. |
| 11346B0460/00Y004 | Flanders | 144 m² | 1 · 85 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,130 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43410Roofing work
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.