Q-RENOVATIONS
ActiveQ-RENOVATIONS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €2k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 7331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+39
Solvency62▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.85 in 2024; short-term debt: 58.3% and cash: 4.6% of total assets), but 62.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
37.2%
Return on assets
1.8%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
7 d early
2023
23 d early
2022
55 d early
2021
34 d early
2020
30 d late
2019
18 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 5.1%
2024 · €43k
2018: €9k
2019: €16k
2020: €24k
2021: €32k
2022: €51k
2023: €52k
2024: €43k
2018 → 2025
Total assets
€123k▲ 22.5%
2024 · €100k
2018: €65k
2019: €53k
2020: €114k
2021: €107k
2022: €88k
2023: €113k
2024: €100k
2018 → 2025
Net result
€2k
2024 · €-9k
2018: €2k
2019: €8k
2020: €8k
2021: €8k
2022: €6k
2023: €1k
2024: €-9k
2018 → 2025
Working capital
€49k▲ 12.0%
2024 · €43k
2018: €-778
2019: €7k
2020: €38k
2021: €32k
2022: €56k
2023: €61k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€51k▲ 58.1%€52k▲ 2.7%€43k▼ 17.0%€46k▲ 5.1%
Operating result€11k-€11k▼ 2.0%€5k▼ 54.8%€-7k€5k
Net result€8k-€6k▼ 22.4%€1k▼ 78.5%€-9k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€3k▼ 53.4%
Current assets
€120k▲ 27.0%
Equity and liabilities €123k
Equity
€46k▲ 5.1%
Debt
€77k▲ 35.9%
The debt ratio rises from 56.6% to 62.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €-4k
Cash flow
€6k▲
2024 · €-6k
Solvency
37.2%▼
2024 · 43.4%
Current ratio
1.68▼
2024 · 1.85
Quick ratio
1.62▲
2024 · 1.18
Debt / equity
1.68▲
2024 · 1.30
ROE
4.9%▲
2024 · -20.5%
ROA
1.8%▲
2024 · -8.9%
Interest coverage
3.10▲
2024 · -1.86
Debt
€77k▲
2024 · €57k
Debt ≤ 1 year
€72k▲
2024 · €51k
Debt > 1 year
€6k=
2024 · €6k
Income taxes
€325
Staff costs
€109k▲
2024 · €87k
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€100k€123k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€2k▼
Furniture and vehicles24€6k€2k▼
Financial fixed assets28-€400
Current assets29/58€95k€120k▲
Stocks and contracts in progress3€34k€4k▼
Stocks30/36€4k€4k=
Contracts in progress37€30k-
Amounts receivable within one year40/41€48k€106k▲
Trade receivables40€45k€36k▼
Other amounts receivable41€4k€70k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€100k€123k▲
Equity10/15€43k€46k▲
Contributions10/11€19k€19k=
Reserves13€25k€25k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14-€2k
Amounts payable17/49€57k€77k▲
Amounts payable after more than one year17€6k€6k=
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€51k€72k▲
Current portion of amounts payable after more than one year42€4k€6k▲
Trade debts44€40k€52k▲
Suppliers440/4€40k€52k▲
Taxes, remuneration and social security45€3k€312▼
Taxes450/3€7€312▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€4k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€87k€109k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€85k€119k▲
Operating profit (loss)9901€-7k€5k▲
Financial income75/76B€143€69▼
Recurring financial income75€143€69▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-9k€3k▲
Income taxes67/77-€325
Profit (loss) for the period9904€-9k€2k▲
Profit (loss) for the period to be appropriated9905€-9k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€2k▲
Transfer from equity791/2€9k-
The notes to these accounts (6 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k ▼753%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.60
Current ratio from 1.55 to 3.60; short-term debt falls from €59k to €21k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €8k ▲4.7%
Net result €8k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2016
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
16-11-2016
Resigned as Manager
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2016
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.
Krombeekweg(ITE) 24a2222 Heist-op-den-BergGround area
1,511 m²
Building footprint
631 m²
Volume, LiDAR
2,583 m³
Parcel 12017D0093/00V000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Q-Renovations Heliantus
since 20162.252.527.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017D0093/00V000 | Flanders | 1,511 m² | 1 · 631 m² | 5.5 m · 1 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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 2 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-03-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.