REAL RENOV

Active

Private limited companyfounded 20215 yrs activeStrombeeksesteenweg 67, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0765.609.221

The computed 12-month bankruptcy probability of REAL RENOV is 4.6% (elevated). The 2025 annual accounts show equity of €32k and a net result of €23k. Equity is growing by ~110.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 13270 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

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 = 2024

Profitability95▲+20

Solvency54▲+20

Growth78=

Track record94

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days only on tighter terms

Liquidity short (current ratio 0.64 against 0.53 in 2024; short-term debt: 70.6% and cash: 16.5% of total assets), and 70.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

29.4%

Return on assets

21%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

28 d late

2024

29 d late

2023

26 d late

2022

31 d late

2021

5 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€32k▲ 250%

2024 · €9k

2021: €1k 2022: €6k 2023: €4k 2024: €9k

2021 → 2025

Total assets

€108k▲ 2.1%

2024 · €106k

2021: €13k 2022: €47k 2023: €120k 2024: €106k

2021 → 2025

Net result

€23k▲ 352%

2024 · €5k

2021: €-4k 2022: €5k 2023: €-2k 2024: €5k

2021 → 2025

Working capital

€-27k▲ 39.6%

2024 · €-45k

2021: €1k 2022: €5k 2023: €-55k 2024: €-45k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1k-€6k▲ 451%€4k▼ 36.7%€9k▲ 123%€32k▲ 250%

Operating result€-4k-€6k€39▼ 99.3%€9k▲ 22,777%€34k▲ 283%

Net result€-4k-€5k€-2k€5k€23k▲ 352%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 283% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €108k

54.7%

45.3%

Fixed assets €59k▲ 8.8%

Current assets €49k▼ 4.9%

Equity and liabilities €108k

29.4%

70.6%

Equity €32k▲ 250%

Debt €76k▼ 21.1%

The debt ratio falls from 91.4% to 70.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€45k▲

2024 · €18k

Cash flow

€34k▲

2024 · €14k

Solvency

29.4%▲

2024 · 8.6%

Current ratio

0.64▲

2024 · 0.53

Quick ratio

0.56▲

2024 · 0.49

Debt / equity

2.40▼

2024 · 10.65

ROE

71.4%▲

2024 · 55.3%

ROA

21.0%▲

2024 · 4.7%

Interest coverage

18.91▲

2024 · 6.29

Debt

€76k▼

2024 · €97k

Debt ≤ 1 year

€76k▼

2024 · €97k

Income taxes

€9k▲

2024 · €1k

Staff costs

€8k▼

2024 · €26k

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€106k€108k▲

Fixed assets21/28€54k€59k▲

Intangible fixed assets21€40k€35k▼

Tangible fixed assets22/27€14k€24k▲

Plant, machinery and equipment23€9k€9k▲

Furniture and vehicles24€5k€6k▲

Other tangible fixed assets26€574€8k▲

Current assets29/58€52k€49k▼

Stocks and contracts in progress3€4k€6k▲

Stocks30/36€4k€6k▲

Amounts receivable within one year40/41€21k€23k▲

Trade receivables40€21k€23k▲

Other amounts receivable41€7-

Cash at bank and in hand54/58€21k€18k▼

Deferred charges and accrued income490/1€6k€2k▼

Equity and liabilities

Total equity and liabilities10/49€106k€108k▲

Equity10/15€9k€32k▲

Contributions10/11€6k€6k=

Reserves13€4k€26k▲

Distributable reserves133€4k€26k▲

Profit (loss) carried forward14€110€382▲

Amounts payable17/49€97k€76k▼

Amounts payable within one year42/48€97k€76k▼

Trade debts44€21k€24k▲

Suppliers440/4€21k€24k▲

Advances received on contracts in progress46€10k-

Taxes, remuneration and social security45€6k€12k▲

Taxes450/3€4k€12k▲

Remuneration and social security454/9€2k€510▼

Other amounts payable47/48€59k€40k▼

Accrued charges and deferred income492/3€27€17▼

Income statement Code20242025

Remuneration, social security and pensions62€26k€8k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€46k€56k▲

Operating profit (loss)9901€9k€34k▲

Financial income75/76B€29€0▼

Recurring financial income75€29€0▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€6k€32k▲

Income taxes67/77€1k€9k▲

Profit (loss) for the period9904€5k€23k▲

Profit (loss) for the period to be appropriated9905€5k€23k▲

Appropriation of the result

Profit (loss) to be appropriated9906€4k€23k▲

Profit (loss) brought forward from the previous period14P€-1k€110▲

Transfer to equity691/2€4k€23k▲

To other reserves6921€4k€23k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Highest result since 2021net €23k ▲352%

Operating result €34k, net result €23k, both a record.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

05-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 5 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Vilvoorde · 2 establishment units since 2013

establishment All 2 establishment units on the map

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.

Strombeeksesteenweg 671800 Vilvoorde

Ground area

606 m²

Building footprint

398 m²

Volume, LiDAR

3,134 m³

2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Botta 'N Ik

Hogesteenweg 35, 1850 GrimbergenFull-service restaurants

since 20132.216.388.434

REAL RENOV

Strombeeksesteenweg 67, 1800 VilvoordeSpecialised construction activities

since 20212.316.404.045

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23402E0267/00S004 ProtectedTownscape or village viewDorpskern GrimbergenSource ↗	Flanders	391 m²	1 · 225 m²	12.1 m · 3 fl.
23088A0115/00A012	Flanders	215 m²	1 · 174 m²	11.1 m · 3 fl.