Equity
MSRENOV has made a profit without a break since 2021.
MSRENOV has made a profit without a break since 2021.
The accounts state no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €10,648 to €18,181.
Nine of the last ten came late. The 2021 accounts came latest: 463 days after the end of the period.
Higher solvency than 94% of companies in specialised construction. Sector median 44.0% · 9,974 companies.
In July 2024, 34,693 companies had the same profile as MSRENOV has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MSRENOV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| MSRENOV Wemmel | €182,572 | €34,761 | 90.0% | - |
| L-BUILDING Ixelles | €173,271 | €36,446 | 34.9% | - |
| OOMS ZWEMBADEN Kapellen | €162,134 | €35,715 | 15.3% | - |
| Schellens Benny Westerlo | €166,675 | €40,184 | 28.0% | - |
| MANTA CONSTRUCT Andenne | €187,172 | €41,999 | 66.6% | - |
| SPG Tienen | €223,377 | €35,707 | 24.8% | - |
| SOLENERGY Beersel | €234,885 | €38,679 | 83.7% | - |
These companies have the same main activity as MSRENOV: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €162,000 and €235,000, founded between 2005 and 2008.
MSRENOV files the abbreviated format. That format states no turnover. The gross margin rose from €31,449 in 2008 to €34,761 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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