Equity
-€218,841
Debts exceed assets in financial year 2025.
OLIVER’S RENOVATION
Lifetime
7 annual accounts with figures on one time axisGross marginpeak €2.4m (2024)
€1.3m▼ 43.6%
Resultlowest -€466,142 (2025)
-€466,142▼ €906,489
Equitypeak €247,301 (2024)
-€218,841▼ €466,142
Debts
€1.1m▲ 104%
Staffpeak 33 FTE (2025)
33 FTE▲ 25.0%
Board1 name since 2022
1 directorHEDGES OLIVIER
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Bankruptcy reversal 29-07Bankruptcy published 24-06Gross margin from €2.4m to €1.3mLoss of €466,142Staff from 26.4 FTE to 33 FTEEquity from €247,301 to -€218,841
Key points
from the 2025 annual accountsResult
-€466,142 -€466,142
From profit to loss in 2025, after a profit of €440,348 in 2024.
Debts
€1.1m 125% of the balance sheet
Suppliers 43%Taxes and wages 57%
Filings
7 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
At the same address
489 companies
Position in the sector
-25.0%
Lower solvency than 95% of companies in specialised construction. Sector median 44.0% · 9,940 companies.
Checked score
28
Weak
Financially stronger than 1% of small companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
10.3% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,652 companies (NACE 43, small).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.7%
01-2025: 13.5%▲ +2.8 percentage points vs 12-2024highest value
02-2025: 7.9%▼ -5.6 percentage points vs 01-2025
03-2025: 7.6%▼ -0.3 percentage points vs 02-2025
04-2025: 7.6%● unchanged vs 03-2025
05-2025: 7.5%▼ -0.1 percentage points vs 04-2025
06-2025: 7.1%▼ -0.4 percentage points vs 05-2025
08-2025: 7.5%
09-2025: 7.8%▲ +0.3 percentage points vs 08-2025
10-2025: 9.3%▲ +1.5 percentage points vs 09-2025
11-2025: 8.9%▼ -0.4 percentage points vs 10-2025
12-2025: 9.7%▲ +0.8 percentage points vs 11-2025
01-2026: 12.2%▲ +2.5 percentage points vs 12-2025
02-2026: 12.2%● unchanged vs 01-2026
03-2026: 4.3%▼ -7.9 percentage points vs 02-2026
04-2026: 4.2%▼ -0.1 percentage points vs 03-2026
05-2026: 4.2%● unchanged vs 04-2026
06-2026: 4.0%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 4.3%▲ +0.3 percentage points vs 06-2026
08-2026: 5.2%▲ +0.9 percentage points vs 07-2026
09-2026: 5.5%▲ +0.3 percentage points vs 08-2026
10-2026: 10.3%▲ +4.8 percentage points vs 09-2026
11-2026: 10.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Negative equity -€218,841
Loss of €466,142 (financial year 2025)
Liquidity: current ratio 0.73, cash €466, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 1% of them on solvency, 0% on liquidity, 2% on profitability and 1% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 562 companies had the same profile as OLIVER’S RENOVATION has now. Each dot stands for 2 companies, two years later.
86.8%
were still trading
4.8%
stopped another way
7.1%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of OLIVER’S RENOVATION itself is higher: 10.3% within 12 months. It rests on far more data about OLIVER’S RENOVATION than the profile alone.
Test of the method
The method was tested on the 497,447 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 562 companies, not a prediction for OLIVER’S RENOVATION. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.73 (1.11 in 2024), below 1. Short-term debt is 125% and cash 0.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€218,841
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
61 days late
2024
202 days late
2023
168 days late
2022
218 days late
2021
239 days late
2020
444 days late
2019
202 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 219 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 February (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Bankruptcy reversal
Enterprise Court of Brussels · judgment of 18-07-2025 · Bankruptcy
Bankruptcy published
Enterprise Court of Brussels · judgment of 17-06-2025 · Bankruptcy
Incorporation
published on 12-12-2018 · Gazette deed
First establishment
Oliver's Renovation, Louizalaan 367, Ixelles
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| OLIVER’S RENOVATION Ixelles | €0.9m | €1.3m | -25.0% | 33 |
| BELCOLOR Woluwe-Saint-Pierre | €1.2m | €1.1m | 37.9% | 18.7 |
| WePaint Antwerp | €0.9m | €1.2m | 89.3% | 16.6 |
| TINT! Kasterlee | €1.1m | €1.2m | 52.6% | 15.6 |
| M-PAINTING Hasselt | €1.4m | €2.0m | 29.2% | 28 |
| Peinture LOLY Herve | €0.9m | €0.9m | 39.9% | 14.9 |
| KB PROJECTS Zedelgem | €0.7m | €0.8m | -9.0% | 15.6 |
These companies have the same main activity as OLIVER’S RENOVATION: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €720,000 and €1.4m, founded between 2010 and 2021.
Official details
Source: KBO- Status
- Active since 10-12-2018Normal situation
- Registered office
- 490 active companies are registered at this address35 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Painting of buildingsNACE 43341and 7 others
- Establishment unit
- 2.285.131.9381050 Ixelles, since 10-12-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- Turnover
- ≈ €3.8mestimated
- Total assets
- €874,710▲ 11.6%
- Employeeson 31-12-2025
- 34▲ 21.4%
- Filing
- Filed on 30-09-2026
Insights on OLIVER’S RENOVATION
OLIVER’S RENOVATION files the abbreviated format. That format states no turnover. The gross margin rose from €243,371 in 2019 to €1.3m 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.
Key facts about OLIVER’S RENOVATION
- What is the company number of OLIVER’S RENOVATION?
- The company number of OLIVER’S RENOVATION is 0715.649.271. The VAT number is the same number with BE in front: BE 0715.649.271.
- Where is OLIVER’S RENOVATION based?
- The registered office is at Louizalaan 367, 1050 Ixelles.Company details
- What does OLIVER’S RENOVATION do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of OLIVER’S RENOVATION?
- OLIVER’S RENOVATION is a private limited company (pre-2019) (BVBA).
- When was OLIVER’S RENOVATION founded?
- OLIVER’S RENOVATION was founded on 10-12-2018.
- Is OLIVER’S RENOVATION still active?
- Yes, OLIVER’S RENOVATION is an active enterprise in the KBO register.
- How many employees does OLIVER’S RENOVATION have?
- OLIVER’S RENOVATION had an average of 33 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of OLIVER’S RENOVATION?
- The turnover in financial year 2025 is ≈ €3.8m. This figure is estimated from the gross margin of €1.3m and 68 comparable companies (NACE 43). It probably lies between €2.9m and €5.0m.
- Is OLIVER’S RENOVATION profitable?
- In financial year 2025, OLIVER’S RENOVATION made a loss of €466,142.
- Where can I find the annual accounts of OLIVER’S RENOVATION?
- OLIVER’S RENOVATION filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of OLIVER’S RENOVATION due?
- OLIVER’S RENOVATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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