MULTIRENOV
ActiveSummary
The computed 12-month bankruptcy probability of MULTIRENOV is 1.8% (moderate). The 2025 annual accounts show equity of €33,725 and a net result of €19,036. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 28281 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-3
Solvency84▲+10
Growth67▲+16
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 3.37 in 2024; short-term debt: 41.1% of total assets), and 41.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
58.9%
Return on assets
33.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 7 filingsDeviation from the deadline
2025
55 d late
2024
70 d late
2023
49 d late
2022
23 d late
2021
3 d late
2020
23 d late
2019
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 19 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€96,710▼ 6.8%
2023 · €103,797
EBIT margin
15.2%▲ 10.2pp
2023 · 5.1%
Net result
€19,036▲ 66.8%
2024 · €11,409
Working capital
€30,058▲ 91.4%
2024 · €15,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€103,797€96,710▼ 6.8%
Operating result€372▼ 76.9%-€5,716€5,258€14,740▲ 180%€24,437▲ 65.8%
Net result-€4,414below the sector's middle half-€8,614below the sector's middle half▼ 95.1%€2,251within the sector's middle half€11,409within the sector's middle half▲ 407%€19,036within the sector's middle half▲ 66.8%
EBIT margin5.1%15.2%▲ 10.2pp
Equity€9,642below the sector's middle half▼ 31.4%€1,029below the sector's middle half▼ 89.3%€3,280below the sector's middle half▲ 219%€14,689below the sector's middle half▲ 348%€33,725within the sector's middle half▲ 130%
Total assets€57,358below the sector's middle half▲ 277%€44,359below the sector's middle half▼ 22.7%€39,945below the sector's middle half▼ 10.0%€30,003below the sector's middle half▼ 24.9%€57,297below the sector's middle half▲ 91.0%
Debt€47,715▲ 4,002%€43,330▼ 9.2%€36,665▼ 15.4%€15,315▼ 58.2%€23,572▲ 53.9%
Working capital€2,405below the sector's middle half▼ 82.9%-€4,185below the sector's middle half-€1,566below the sector's middle half▲ 62.6%€15,707within the sector's middle half€30,058within the sector's middle half▲ 91.4%
Solvency16.8%below the sector's middle half▼ 75.5pp2.3%below the sector's middle half▼ 14.5pp8.2%below the sector's middle half▲ 5.9pp49.0%within the sector's middle half▲ 40.7pp58.9%within the sector's middle half▲ 9.9pp
Current ratio1.14within the sector's middle half▼ 11.940.79below the sector's middle half▼ 0.360.93below the sector's middle half▲ 0.143.37above the sector's middle half▲ 2.442.28within the sector's middle half▼ 1.09
Return on assets (ROA)-7.7%below the sector's middle half▼ 14.1pp-19.4%below the sector's middle half▼ 11.7pp5.6%within the sector's middle half▲ 25.1pp38.0%above the sector's middle half▲ 32.4pp33.2%above the sector's middle half▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,297
Fixed assets
€3,667 ▼ 52.2%
Current assets
€53,630 ▲ 140%
Equity and liabilities €57,297
Equity
€33,725 ▲ 130%
Debt
€23,572 ▲ 53.9%
Debt's share of the balance-sheet total falls from 51.0% to 41.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,437▲
2024 · €18,751
Cash flow
€23,036▲
2024 · €15,420
Debt to equity
0.70▼
2024 · 1.04
ROE
56.4%▼
2024 · 77.7%
Interest coverage
5.27▼
2024 · 5.63
Debt ≤ 1 year
€23,572▲
2024 · €6,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €103,797 | €96,710 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €89,292 | €77,959 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,003 | €8,670 | €8,670 | €4,011 | €4,000 | ▼ 0.3% |
| Other operating charges640/8 | €2,680 | €1,171 | €660 | - | €705 | - |
| Gross operating margin9900 | €8,055 | €4,124 | €14,588 | €18,751 | €29,141 | ▲ 55.4% |
| Operating profit (loss)9901 | €372 | -€5,716 | €5,258 | €14,740 | €24,437 | ▲ 65.8% |
| Financial income75/76B | €6 | €0 | - | - | - | - |
| Recurring financial income75 | €6 | €0 | - | - | - | - |
| Financial charges65/66B | €2,213 | €2,897 | €3,008 | €3,331 | €5,401 | ▲ 62.1% |
| Recurring financial charges65 | €2,213 | €2,897 | €3,008 | €3,331 | €5,401 | ▲ 62.1% |
| Profit (loss) for the period before taxes9903 | -€1,835 | -€8,614 | €2,251 | €11,409 | €19,036 | ▲ 66.8% |
| Income taxes67/77 | €2,579 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,414 | -€8,614 | €2,251 | €11,409 | €19,036 | ▲ 66.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,414 | -€8,614 | €2,251 | €11,409 | €19,036 | ▲ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,358 | €44,359 | €39,945 | €30,003 | €57,297 | ▲ 91.0% |
| Fixed assets21/28 | €38,324 | €28,967 | €20,297 | €7,667 | €3,667 | ▼ 52.2% |
| Tangible fixed assets22/27 | €38,324 | €28,967 | €20,297 | €7,667 | €3,667 | ▼ 52.2% |
| Plant, machinery and equipment23 | €730 | €371 | €11 | - | - | - |
| Leasing and similar rights25 | €37,594 | €28,596 | €20,286 | €7,667 | €3,667 | ▼ 52.2% |
| Current assets29/58 | €19,033 | €15,392 | €19,647 | €22,337 | €53,630 | ▲ 140% |
| Amounts receivable within one year40/41 | €19,033 | €15,392 | €19,647 | €22,337 | €53,630 | ▲ 140% |
| Trade receivables40 | €6,626 | €3,625 | €3,091 | €1,120 | €27,302 | ▲ 2,338% |
| Other amounts receivable41 | €12,408 | €11,768 | €16,556 | €21,217 | €26,328 | ▲ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,358 | €44,359 | €39,945 | €30,003 | €57,297 | ▲ 91.0% |
| Equity10/15 | €9,642 | €1,029 | €3,280 | €14,689 | €33,725 | ▲ 130% |
| Contributions10/11 | €500 | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €9,142 | €529 | €2,780 | €14,189 | €33,225 | ▲ 134% |
| Amounts payable17/49 | €47,715 | €43,330 | €36,665 | €15,315 | €23,572 | ▲ 53.9% |
| Amounts payable after more than one year17 | €31,087 | €23,753 | €15,452 | €8,684 | - | - |
| Financial debts170/4 | €31,087 | €23,753 | €15,452 | €8,684 | - | - |
| Amounts payable within one year42/48 | €16,628 | €19,577 | €21,213 | €6,630 | €23,572 | ▲ 256% |
| Current portion of amounts payable after more than one year42 | €6,591 | €7,334 | €8,302 | - | €3,459 | - |
| Financial debts43 | €3,872 | €9,892 | €9,983 | €5,588 | €12,003 | ▲ 115% |
| Credit institutions430/8 | €3,872 | €9,892 | €9,983 | €5,588 | €12,003 | ▲ 115% |
| Trade debts44 | €6,165 | €2,351 | €2,929 | €1,042 | €8,111 | ▲ 679% |
| Suppliers440/4 | €6,165 | €2,351 | €2,929 | €1,042 | €8,111 | ▲ 679% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,414 | -€8,614 | €2,251 | €11,409 | €19,036 | ▲ 66.8% |
| + Depreciation and write-downs630 | €5,003 | €8,670 | €8,670 | €4,011 | €4,000 | ▼ 0.3% |
| Operating cash flow (approximation) | €589 | €56 | €10,920 | €15,420 | €23,036 | ▲ 49.4% |
| Investment in fixed assets (approximation) | - | €688 | €0 | €8,620 | €0 | ▼ 100% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Highest result since 2019net €19,036 ▲66.8%
Operating result €24,437, net result €19,036, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 3.37
Current ratio from 0.93 to 3.37; short-term debt falls from €21,213 to €6,630.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Back to profitnet €2,251
Net result €2,251 after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet -€8,614
Net result drops to -€8,614, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 13.09
Current ratio from 3.51 to 13.09; short-term debt falls from €5,203 to €1,163.
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sint-Genesius-Rode · 1 establishment unit since 2019
Ground area
168 m²
Building footprint
51 m²
Volume, LiDAR
468 m³
Parcel 22004C0850/00L003, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MULTIRENOV
since 20192.285.003.561
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0850/00L003 | Flanders | 168 m² | 1 · 51 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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S-RENOVATIE
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 5,792 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
Founded24-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
Contact
E-mail
srl.multirenov@outlook.comSint-Genesius-Rode
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719381494
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.