MD RENOV
ActiveMD RENOV has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €6k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-4
Solvency59▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.24 in 2024; short-term debt: 65% and cash: 1.4% of total assets), and 65.6% 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 · 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
34.4%
Return on assets
3.3%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-05-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
1 d early
2023
264 d late
2022
200 d late
2021
1 d early
2020
3 d early
2019
284 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 9.3%
2024 · €7k
2018: €12k
2019: €18k
2020: €4k
2021: €13k
2022: €-4k
2023: €18k
2024: €7k
2018 → 2025
Working capital
€38k▲ 30.7%
2024 · €29k
2018: €-11k
2019: €-7k
2020: €-2k
2021: €21k
2022: €11k
2023: €21k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€43k▼ 9.1%€51k▲ 18.7%€58k▲ 13.5%€64k▲ 10.8%
Operating result€19k-€594▼ 96.8%€29k▲ 4,797%€7k▼ 74.6%€9k▲ 22.6%
Net result€13k-€-4k€18k€7k▼ 62.0%€6k▼ 9.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€27k▼ 5.6%
Current assets
€159k▲ 4.0%
Equity and liabilities €186k
Equity
€64k▲ 10.8%
Debt
€122k▼ 1.4%
The debt ratio falls from 68.2% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▲
2024 · €9k
Cash flow
€8k▼
2024 · €8k
Solvency
34.4%▲
2024 · 31.8%
Current ratio
1.32▲
2024 · 1.24
Quick ratio
1.32▲
2024 · 1.24
Debt / equity
1.91▼
2024 · 2.14
ROE
9.7%▼
2024 · 11.9%
ROA
3.3%▼
2024 · 3.8%
Interest coverage
2.57▼
2024 · 2.89
Debt
€122k▼
2024 · €123k
Debt ≤ 1 year
€121k▼
2024 · €123k
Income taxes
€-1k▲
2024 · €-2k
Staff costs
€189▼
2024 · €1k
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€181k€186k▲
Fixed assets21/28€29k€27k▼
Tangible fixed assets22/27€28k€27k▼
Land and buildings22€28k€26k▼
Plant, machinery and equipment23€736€438▼
Financial fixed assets28€215€215=
Current assets29/58€153k€159k▲
Amounts receivable within one year40/41€149k€155k▲
Trade receivables40€142k€150k▲
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€3k€3k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€181k€186k▲
Equity10/15€58k€64k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€17k€17k=
Profit (loss) carried forward14€22k€28k▲
Amounts payable17/49€123k€122k▼
Amounts payable within one year42/48€123k€121k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€78k€98k▲
Suppliers440/4€78k€98k▲
Advances received on contracts in progress46€19k€0▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Other amounts payable47/48€15k€10k▼
Accrued charges and deferred income492/3€81€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€189▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€6k▲
Gross operating margin9900€12k€17k▲
Operating profit (loss)9901€7k€9k▲
Financial income75/76B€525€0▼
Recurring financial income75€525€0▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€5k€5k▲
Income taxes67/77€-2k€-1k▲
Profit (loss) for the period9904€7k€6k▼
Profit (loss) for the period to be appropriated9905€7k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€28k▲
Profit (loss) brought forward from the previous period14P€15k€22k▲
Profit to be distributed694/7€0-
Directors or managers695€0-
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
14-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 264 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 200 days late
30-09
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
2022
30-09
Financial
Weakest financial yearnet €-4k ▼132%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
08-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 284 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Agatha-Berchem · 1 establishment unit since 2005
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.
Koekelberglaan 21082 Sint-Agatha-BerchemGround area
846 m²
Building footprint
159 m²
Volume, LiDAR
1,873 m³
Parcel 21342B0114/00Y019, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MD RENOV
since 20052.146.567.042
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0114/00Y019 | Brussels | 846 m² | 1 · 159 m² | 14.4 m · 4 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.
Similar companies · same sector, comparable size
CM RENOVAR
BE 0675.339.833
Sint-Pieters-Leeuw · Eq €64k
ASBESTOPLOSSINGEN
BE 0720.495.214
Sint-Laureins · Eq €64k
Global Build
BE 0832.623.452
Schilde · Eq €64k
TILES ART
BE 0792.273.729
Sint-Pieters-Leeuw · Eq €64k
OK GROUP
BE 0745.933.265
Brussel · Eq €64k
Of 15,543 companies in sector 43990 we hold annual accounts for 7,421. 6,190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2005
Fiscal year end30-09
Activities, NACEBEL
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
45250
43211General electrical installation work
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43310Plastering work
43320Joinery installation
45310
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.