Losses
-€1.1m in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
RENO.ENERGY
Lifetime
15 annual accounts with figures on one time axispeak €1.5m (2020)
-not published
lowest -€736,949 (2024)
-€347,344▲ €389,605
peak €2.1m (2023)
€1.7m▲ 22.8%
€18.9m▲ 110%
peak 87.2 FTE (2025)
87.2 FTE▲ 265%
Board11 names since 2020
4 directorsVILAFRA and 3 others
Owners
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Turnover from €16.6m to €45.8mLoss of €347,344Staff from 23.9 FTE to 87.2 FTE3 directors appointed, 4 resignations 07-11Appointment: 3R,LEBOUTTE & Co (statutory auditor) 30-01Merger: R-GROUP takes over RENO ENERGY DOUR 10-01
Key points
from the 2025 annual accountsTurnover
€45.8m ▲ 176%
Turnover rose in 2025: merger with Bati-Solutions.
Debts
€18.9m 92% of the balance sheet
Financial debts 5%Suppliers 60%Taxes and wages 2%Other 33%
€10,197 of the debts are secured on the company's own assets. In 2021 that was €2.2m.
Investments
€1.6m 4.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 68.1% higher than in 2024.
Payment terms
99 days to suppliers
RENO.ENERGY pays its suppliers 28 days earlier than in 2024. Customers pay 35 days earlier.
Restructuring
7
7 restructurings since 2025. Latest: merger with Bati-Solutions.
Checked score
63
Healthy
Financially stronger than 34% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%lowest value
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.3 percentage points vs 06-2025
08-2025: 1.8%▲ +0.5 percentage points vs 07-2025
09-2025: 2.0%▲ +0.2 percentage points vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 1.8%▼ -0.2 percentage points vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 2.1%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 1.4%▼ -0.7 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.07, cash €6,535
Equity €1.7m (8.1% of total assets)
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 2010
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, medium-sized). It does better than 23% of them on solvency, 8% on liquidity, 12% on profitability and 91% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 108 companies had the same profile as RENO.ENERGY has now. Each dot is one company, two years later.
93.5%
were still trading
5.6%
stopped another way
0.9%
went bankrupt
The bankruptcy probability of RENO.ENERGY itself is higher: 1.4% within 12 months. It rests on far more data about RENO.ENERGY 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 108 companies, not a prediction for RENO.ENERGY. 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
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (1.18 in 2024), below the usual 1.5. Short-term debt is 86.2% and cash 0% of total assets. 91.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 16%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
1 day late
2023
8 days early
2022
8 days late
2021
3 days late
2020
20 days late
2019
19 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 5 days after 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 1 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
EM
E&E MANAGEMENT
Director, Arnaud DUPONT
- R-GROUP Holding 100%score 85equity €11.1m (2025) · 2025 annual accounts of R-GROUP Holding
Recent changes
3 directors appointed, 4 resignations
Resignations: NOSHAQ PARTNERS, Raphaël PIETTEUR, Julien DOR and R-GROUP HOLDING · Permanent representatives: Joanna TYREKIDIS, Clément HANNEQUART, Arnaud DUPONT and Henri THONNART · Appointments: MELCHA, E&E MANAGEMENT and VILAFRA (managing director) · General meeting of 10-10-2025 · Gazette deed
Appointment: 3R,LEBOUTTE & Co (statutory auditor)
Gazette deed
Merger: R-GROUP takes over RENO ENERGY DOUR
Company renamed from R-GROUP to RENO.ENERGY · Resignation: GERARD Yannick (director) · Appointments: VILAFRA (director) and THONNART Henri Joseph (director) · General meeting of 23-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RENO.ENERGY Liège | €45.8m | -0.6% | 8.1% | 87.2 |
| HD Systems Verviers | €36.1m | 0.8% | 22.9% | 79.6 |
| MAISONS COMPERE WONINGEN COMPERE Uccle | €56.0m | 12.3% | 37.0% | 66.8 |
| LAURENTY BATIMENTS GEBOUWEN Liège | €25.5m | -1.3% | 43.3% | 118 |
| BATIMENT ET TECHNIQUE Oupeye | €33.4m | 9.1% | 49.3% | 98.2 |
| BOUWBEDRIJF KEULEN HENRI Lanaken | €69.6m | 0.9% | 15.3% | 66.5 |
| PICARD CONSTRUCT Tenneville | €34.4m | 4.6% | 24.4% | 87.2 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as RENO.ENERGY: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €11m and €34m, founded between 1989 and 2013.
Official details
Source: KBO- Status
- Active since 08-09-2010Normal situation
- Registered office
- 26 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 6 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment units
- 2.202.953.1424031 Liège, since 01-11-2010
- 2.368.895.0027370 Dour, since 06-01-2025and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-03-2024
Annual accounts 2025
- €20.5m▲ 99.0%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on RENO.ENERGY
RENO.ENERGY has existed since 2010. The present size dates from 2012. The gross margin rose that year from €113,932 to €643,477 and staff from 3 to 11 full-time equivalents.
Solvency fell in 2025 from 13.1% to 8.1% because of the loss and higher debts to suppliers.
R-GROUP Holding holds all the shares. In November 2025, three directors stepped down. In November 2025, the Official Gazette published the appointment of VILAFRA as managing director.
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 RENO.ENERGY
- What is the company number of RENO.ENERGY?
- The company number of RENO.ENERGY is 0829.094.335. The VAT number is the same number with BE in front: BE 0829.094.335.
- Where is RENO.ENERGY based?
- The registered office is at Rue de Tilff 277, 4031 Liège.Company details
- What does RENO.ENERGY do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of RENO.ENERGY?
- RENO.ENERGY is a public limited company (NV).
- When was RENO.ENERGY founded?
- RENO.ENERGY was founded on 08-09-2010.
- Is RENO.ENERGY still active?
- Yes, RENO.ENERGY is an active enterprise in the KBO register.
- How many employees does RENO.ENERGY have?
- RENO.ENERGY had an average of 87.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RENO.ENERGY fall under?
- In its 2024 annual accounts, RENO.ENERGY states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of RENO.ENERGY?
- The turnover of RENO.ENERGY was €45.8m in financial year 2025, according to the filed annual accounts.
- Is RENO.ENERGY profitable?
- In financial year 2025, RENO.ENERGY made a loss of €347,344.
- Where can I find the annual accounts of RENO.ENERGY?
- RENO.ENERGY filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RENO.ENERGY due?
- RENO.ENERGY 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
See how customers, suppliers and banks see your own company and what to improve first.