RE-NEW-VATIONS
ActiveThe computed 12-month bankruptcy probability of RE-NEW-VATIONS is 2.7% (moderate). The 2024 annual accounts show equity of €44k and a net result of €-23k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 9981 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.38 against 8.59 in 2023; short-term debt: 18.4% and cash: 37.9% of total assets), and 18.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.6%
Return on assets
-43.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
9 d early
2022
23 d late
2021
153 d late
2020
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€95k▼ 37.3%
2020 · €151k
2020: €151k
2020 → 2021
EBIT margin
25.6%▼ 17.1pp
2020 · 42.7%
2020: 42.7%
2020 → 2021
Net result
€-23k▼ 91.2%
2023 · €-12k
2020: €52k
2021: €20k
2022: €5k
2023: €-12k
2020 → 2024
Working capital
€34k▼ 45.6%
2023 · €62k
2020: €44k
2021: €66k
2022: €77k
2023: €62k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€151k-€95k▼ 37.3%
Equity€54k-€74k▲ 36.6%€80k▲ 7.3%€68k▼ 15.3%€44k▼ 34.6%
Operating result€65k-€24k▼ 62.4%€6k▼ 74.0%€-11k€-21k▼ 100.0%
Net result€52k-€20k▼ 62.0%€5k▼ 72.6%€-12k€-23k▼ 91.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €11k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€11k▲ 79.3%
Current assets
€43k▼ 37.7%
Equity and liabilities €54k
Equity
€44k▼ 34.6%
Debt
€10k▲ 22.2%
The debt ratio rises from 10.7% to 18.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-19k▼
2023 · €-10k
Cash flow
€-21k▼
2023 · €-12k
Solvency
81.6%▼
2023 · 89.3%
Current ratio
4.38▼
2023 · 8.59
Quick ratio
4.38▼
2023 · 8.59
Debt / equity
0.22▲
2023 · 0.12
ROE
-52.9%▼
2023 · -18.1%
ROA
-43.2%▼
2023 · -16.2%
Interest coverage
-9.96▲
2023 · -13.55
Debt
€10k▲
2023 · €8k
Debt ≤ 1 year
€10k▲
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€76k€54k▼
Fixed assets21/28€6k€11k▲
Tangible fixed assets22/27€5k€10k▲
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24-€6k
Financial fixed assets28€600€600=
Current assets29/58€70k€43k▼
Amounts receivable within one year40/41€8k€22k▲
Trade receivables40€7k€21k▲
Other amounts receivable41€320€1k▲
Cash at bank and in hand54/58€50k€21k▼
Deferred charges and accrued income490/1€12k€1k▼
Equity and liabilities
Total equity and liabilities10/49€76k€54k▼
Equity10/15€68k€44k▼
Contributions10/11€2k€2k=
Capital10€2k€2k=
Issued capital100€2k€2k=
Profit (loss) carried forward14€66k€42k▼
Amounts payable17/49€8k€10k▲
Amounts payable within one year42/48€8k€10k▲
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€312€312=
Taxes450/3€312€312=
Other amounts payable47/48€289€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-8k€-14k▼
Operating profit (loss)9901€-11k€-21k▼
Financial income75/76B€400-
Recurring financial income75€400-
Financial charges65/66B€774€2k▲
Recurring financial charges65€774€2k▲
Profit (loss) for the period before taxes9903€-11k€-23k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-12k€-23k▼
Profit (loss) for the period to be appropriated9905€-12k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€42k▼
Profit (loss) brought forward from the previous period14P€78k€66k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.59
Current ratio from 2.69 to 8.59; short-term debt falls from €45k to €8k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
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.
VIIde-Olympiadelaan 202020 AntwerpenGround area
102 m²
Building footprint
94 m²
Volume, LiDAR
1,069 m³
Parcel 11809I2341/00S009, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RE-NEW-VATIONS
since 20192.290.971.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2341/00S009 | Flanders | 102 m² | 1 · 94 m² | 13.3 m · 4 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.
Similar companies · same sector, comparable size
A BELLEMANS SPRL
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Bouwwerken Nicola
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F.A-CONSTRUCT
BE 0627.920.194
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AFRO CONSTRUCT
BE 0801.719.945
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,966 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
33110Repair and maintenance of fabricated metal products
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.