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N.Renet

Active
Private limited companyfounded 20224 yrs activeManestraat (Mol) 1, 3640 Kinrooi, BelgiumKBO/BCE: BE 0784.887.079
Summary

The computed 12-month bankruptcy probability of N.Renet is 2.3% (moderate). The 2025 annual accounts show equity of €35,386 and a net result of €8,276. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 30% of 28806 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency53▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.2 in 2024; short-term debt: 43% and cash: 8.6% of total assets), and 71.6% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
28.4%
Return on assets
6.7%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
29 d early
2024
20 d late
2023
14 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 2 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 15 August (3 of the last 3 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 April 2022, N.Renet was incorporated as a Private limited company.1 Total assets went from EUR 55,524 in 2023 to EUR 124,401 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€35,386▲ 30.5%
2024 · €27,110
Total assets
€124,401▲ 17.2%
2024 · €106,180
Net result
€8,276▲ 30.5%
2024 · €6,342
Working capital
-€6,268▲ 83.0%
2024 · -€36,820
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€24,702-€10,699▼ 56.7%€14,533▲ 35.8%
Net result€17,768within the sector's middle half-€6,342within the sector's middle half▼ 64.3%€8,276within the sector's middle half▲ 30.5%
Equity€20,768within the sector's middle half-€27,110within the sector's middle half▲ 30.5%€35,386within the sector's middle half▲ 30.5%
Total assets€55,524below the sector's middle half-€106,180within the sector's middle half▲ 91.2%€124,401within the sector's middle half▲ 17.2%
Debt€34,756-€79,070▲ 127%€89,015▲ 12.6%
Working capital-€7,154below the sector's middle half--€36,820below the sector's middle half▼ 415%-€6,268below the sector's middle half▲ 83.0%
Solvency37.4%within the sector's middle half-25.5%within the sector's middle half▼ 11.9pp28.4%within the sector's middle half▲ 2.9pp
Current ratio0.79below the sector's middle half-0.20below the sector's middle half▼ 0.600.88below the sector's middle half▲ 0.69
Return on assets (ROA)32.0%above the sector's middle half-6.0%within the sector's middle half▼ 26.0pp6.7%within the sector's middle half▲ 0.7pp
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
€0€10,000€20,000Operating result 2023: €24,702€24,702Net result 2023: €17,768€17,768Operating result 2024: €10,699€10,699Net result 2024: €6,342€6,342Operating result 2025: €14,533€14,533Net result 2025: €8,276€8,276202320242025€0€10,000€20,000Operating result 2023: €24,702€24,700Net result 2023: €17,768€17,800Operating result 2024: €10,699€10,700Net result 2024: €6,342€6,340Operating result 2025: €14,533€14,500Net result 2025: €8,276€8,280202320242025
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,530
Fixed assets €76,354 ▼ 20.2%
Current assets €47,176 ▲ 424%
Equity and liabilities €124,401
Equity €35,386 ▲ 30.5%
Debt €89,015 ▲ 12.6%
Debt's share of the balance-sheet total falls from 74.5% to 71.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€36,760▲
2024 · €25,559
Cash flow
€30,503▲
2024 · €21,202
Quick ratio
0.24▲
2024 · 0.20
Debt to equity
2.52▼
2024 · 2.92
ROE
23.4%=
2024 · 23.4%
Interest coverage
13.61▼
2024 · 15.63
Debt ≤ 1 year
€53,443▲
2024 · €45,827
Debt > 1 year
€35,572▲
2024 · €33,243
Income taxes
€3,584▲
2024 · €2,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 7,976 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€106,180€124,401▲
Formation expenses20€1,498€871▼
Fixed assets21/28€95,675€76,354▼
Tangible fixed assets22/27€95,675€76,354▼
Land and buildings22€14,277€12,479▼
Plant, machinery and equipment23€11,164€9,957▼
Furniture and vehicles24€70,234€53,918▼
Current assets29/58€9,007€47,176▲
Stocks and contracts in progress3-€34,510
Stocks30/36-€34,510
Amounts receivable within one year40/41€5€24▲
Other amounts receivable41€5€24▲
Cash at bank and in hand54/58€9,002€10,663▲
Deferred charges and accrued income490/1-€1,978
Equity and liabilities
Total equity and liabilities10/49€106,180€124,401▲
Equity10/15€27,110€35,386▲
Contributions10/11€3,000€3,000=
Reserves13€24,110€32,386▲
Distributable reserves133€24,110€32,386▲
Amounts payable17/49€79,070€89,015▲
Amounts payable after more than one year17€33,243€35,572▲
Financial debts170/4€33,243€35,572▲
Amounts payable within one year42/48€45,827€53,443▲
Current portion of amounts payable after more than one year42€13,243€23,661▲
Trade debts44€552€55▼
Suppliers440/4€552€55▼
Taxes, remuneration and social security45€17,152€6,786▼
Taxes450/3€13,072€6,786▼
Remuneration and social security454/9€4,080-
Other amounts payable47/48€14,880€22,940▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,860€22,227▲
Other operating charges640/8€1,016€1,669▲
Gross operating margin9900€26,575€38,429▲
Operating profit (loss)9901€10,699€14,533▲
Financial income75/76B€21€27▲
Recurring financial income75€21€27▲
Financial charges65/66B€1,635€2,700▲
Recurring financial charges65€1,635€2,700▲
Profit (loss) for the period before taxes9903€9,085€11,860▲
Income taxes67/77€2,743€3,584▲
Profit (loss) for the period9904€6,342€8,276▲
Profit (loss) for the period to be appropriated9905€6,342€8,276▲
Appropriation of the result
Profit (loss) to be appropriated9906€6,342€8,276▲
Transfer to equity691/2€6,342€8,276▲
To the legal reserve6920€6,342-
To other reserves6921-€8,276

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,821€14,860€22,227▲ 49.6%
Other operating charges640/8€1,312€1,016€1,669▲ 64.3%
Gross operating margin9900€32,835€26,575€38,429▲ 44.6%
Operating profit (loss)9901€24,702€10,699€14,533▲ 35.8%
Financial income75/76B€30€21€27▲ 28.4%
Recurring financial income75€30€21€27▲ 28.4%
Financial charges65/66B€147€1,635€2,700▲ 65.2%
Recurring financial charges65€147€1,635€2,700▲ 65.2%
Profit (loss) for the period before taxes9903€24,584€9,085€11,860▲ 30.5%
Income taxes67/77€6,817€2,743€3,584▲ 30.7%
Profit (loss) for the period9904€17,768€6,342€8,276▲ 30.5%
Profit (loss) for the period to be appropriated9905€17,768€6,342€8,276▲ 30.5%
Line202320242025Change
Assets
Total assets20/58€55,524€106,180€124,401▲ 17.2%
Formation expenses20€2,125€1,498€871▼ 41.9%
Fixed assets21/28€25,796€95,675€76,354▼ 20.2%
Tangible fixed assets22/27€25,796€95,675€76,354▼ 20.2%
Land and buildings22€16,074€14,277€12,479▼ 12.6%
Plant, machinery and equipment23€6,775€11,164€9,957▼ 10.8%
Furniture and vehicles24€2,947€70,234€53,918▼ 23.2%
Current assets29/58€27,602€9,007€47,176▲ 424%
Stocks and contracts in progress3--€34,510-
Stocks30/36--€34,510-
Amounts receivable within one year40/41€2,557€5€24▲ 416%
Trade receivables40€2,338---
Other amounts receivable41€219€5€24▲ 416%
Cash at bank and in hand54/58€23,806€9,002€10,663▲ 18.4%
Deferred charges and accrued income490/1€1,239-€1,978-
Equity and liabilities
Total equity and liabilities10/49€55,524€106,180€124,401▲ 17.2%
Equity10/15€20,768€27,110€35,386▲ 30.5%
Contributions10/11€3,000€3,000€3,000=
Reserves13€17,768€24,110€32,386▲ 34.3%
Distributable reserves133€17,768€24,110€32,386▲ 34.3%
Amounts payable17/49€34,756€79,070€89,015▲ 12.6%
Amounts payable after more than one year17-€33,243€35,572▲ 7.0%
Financial debts170/4-€33,243€35,572▲ 7.0%
Amounts payable within one year42/48€34,756€45,827€53,443▲ 16.6%
Current portion of amounts payable after more than one year42-€13,243€23,661▲ 78.7%
Trade debts44€7,311€552€55▼ 90.0%
Suppliers440/4€7,311€552€55▼ 90.0%
Taxes, remuneration and social security45€11,455€17,152€6,786▼ 60.4%
Taxes450/3€9,415€13,072€6,786▼ 48.1%
Remuneration and social security454/9€2,040€4,080--
Other amounts payable47/48€15,991€14,880€22,940▲ 54.2%
Line202320242025Change
Profit (loss) for the period9904€17,768€6,342€8,276▲ 30.5%
+ Depreciation and write-downs630€6,821€14,860€22,227▲ 49.6%
Operating cash flow (approximation)€24,588€21,202€30,503▲ 43.9%
Investment in fixed assets (approximation)--€84,739-€2,906▲ 96.6%
Change in cash--€14,803€1,661▲ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial Weakest financial yearnet €6,342 ▼64.3%
Net result drops to €6,342, the lowest in the series; recovery starts the following year.
14-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kinrooi · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,478 m²
Building footprint
99 m²
Volume, LiDAR
558 m³
Parcel 72023C0196/00C000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N.Renet
Manestraat (Mol) 1, 3640 KinrooiConstruction of roads and motorways
since 20222.330.770.042
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72023C0196/00C000 Flanders 1,478 m² 1 · 99 m² 8.2 m · 2 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.

Subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 2,173 EUR awarded · 2,173 EUR paid
Year Entries awardedpaid
2025 1 223 EUR223 EUR
2023 1 1,950 EUR1,950 EUR
Schemes
2 entries · 2,173 EUR · 2,173 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 8,459 companies in this sector we hold annual accounts for 3,237. 2,330 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded15-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784887079
Also 9925:BE0784887079
Registered 20-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.