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Q-RENOVATIONS

Active
Private limited company (pre-2019)founded 2016active for 10 yearsKrombeekweg(ITE) 24a, 2222 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0650.747.561
Summary

Q-RENOVATIONS has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,716 and a net result of €2,230. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 44% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 24-03-2016 Normal situation
Activity
General construction of residential buildings NACE 41001
Establishment unit
2.252.527.268 2222 Heist-op-den-Berg, since 24-03-2016
Financial year end
31 December
Peppol
Reachable since 12-09-2025

Board and ownership

Board
  • Vits WalterDirector · since 30-09-2018
  • Kinoo AnnemiekeDirector · since 01-01-2026

Financial position

66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Gross margin
€119,231
▲ 40.8%
Turnover
≈ €390,000
estimated
Profit
€2,230
Equity
€45,716
▲ 5.1%
Total assets
€122,731
▲ 22.5%
Employees on 31-12-2025
3
▲ 50.0%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €122,731lowers riskFounded in 2016Figures for financial year 2025 (filed on 14-07-2026)Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 35% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Average
Solvency 62-6
equity 37.2% of total assets
Liquidity 26-4
short-term debt 58.3% · cash 4.6%
Profitability 47+39
return on assets 1.8%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,453 companies, NACE 41, micro)
Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025lowest value 03-2025: 0.9%● unchanged vs 02-2025lowest value 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.2 percentage points vs 06-2025 08-2025: 1.5%▲ +0.3 percentage points vs 07-2025 09-2025: 1.4%▼ -0.1 percentage points vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.5%▲ +0.1 percentage points vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 1.7%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 1.1%▼ -0.6 percentage points vs 07-2026 09-2026: 0.9%▼ -0.2 percentage points vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.68 (1.85 in 2024), above the usual 1.5. Short-term debt is 58.3% and cash 4.6% of total assets. However, 62.8% of the assets are financed with debt and provisions.
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 41, micro). It does better than 45% of them on solvency, 21% on liquidity, 27% on profitability and 46% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Size: total assets €122,731
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2016
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 14-07-2026)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
17 days early
2024
7 days early
2023
23 days early
2022
55 days early
2021
34 days early
2020
30 days late
2019
18 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 13 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 9 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Higher gross margin than 84% of companies in construction of buildingssector median €32,141 · 9,382 companies €119,231 View
  • New directorlatest change 01-01-2026 · 2 in office 1 joined View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Recent changes

  1. · Gazette deed Company renamed from Q-Renovations to Q-Renovations HeliantusAppointment: Kinoo Annemieke (director)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Q-RENOVATIONS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €102,000 and €137,000, founded between 2016 and 2017.

CompanyTotal assetsGross margin
Q-RENOVATIONS Heist-op-den-Berg€122,731€119,231
Paralelo Nomada Belgica Antwerpen€102,262€116,102
SWEET CONSTRUCTION Leuze-en-Hainaut€125,147€126,763
VANGRIMDE Linter€113,534€130,368
NICO WARNEZ Wevelgem€137,482€132,788
VICARI CONSTRUCT Soumagne€132,948€142,136
REMORA CHASSIS Oupeye€128,602€102,068
Full comparison

Key facts about Q-RENOVATIONS

What is the company number of Q-RENOVATIONS?
The company number of Q-RENOVATIONS is 0650.747.561. The VAT number is the same number with BE in front: BE 0650.747.561.
Where is Q-RENOVATIONS based?
The registered office is at Krombeekweg(ITE) 24a, 2222 Heist-op-den-Berg.Company details
What does Q-RENOVATIONS do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Q-RENOVATIONS?
The legal form of Q-RENOVATIONS is Private limited company (pre-2019) (BVBA).
When was Q-RENOVATIONS founded?
Q-RENOVATIONS was founded on 24-03-2016.
Is Q-RENOVATIONS still active?
Yes, Q-RENOVATIONS is an active enterprise in the KBO register.
How many employees does Q-RENOVATIONS have?
Q-RENOVATIONS had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Q-RENOVATIONS?
The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €119,231 and 98 comparable companies (NACE 41001). It probably lies between €280,000 and €600,000.
Is Q-RENOVATIONS profitable?
In financial year 2025, Q-RENOVATIONS made a profit of €2,230.
Where can I find the annual accounts of Q-RENOVATIONS?
Q-RENOVATIONS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Q-RENOVATIONS due?
Q-RENOVATIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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