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REN GROUP

Active
Private limited companyfounded 20206 yrs activeGrote Kouterstraat(VRA) 106, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0740.661.019
Summary

The computed 12-month bankruptcy probability of REN GROUP is 2.2% (moderate). The 2024 annual accounts show equity of €14,169 and a net result of €8,961. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 9970 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency72▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.61 in 2023; short-term debt: 53.1% and cash: 36.6% of total assets), but 53.1% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
46.9%
Return on assets
29.6%
Age of the figures
21 mo
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 03-06-2025, 58 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
58 d early
2023
27 d early
2022
41 d early
2021
67 d early
2020
54 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 49 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 2 January 2020, REN GROUP was incorporated as a Private limited company.1 Total assets went from EUR 2,788 in 2020 to EUR 30,233 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€14,169▲ 172%
2023 · €5,208
Total assets
€30,233▲ 124%
2023 · €13,519
Net result
€8,961
2023 · -€18,535
Working capital
€13,986▲ 178%
2023 · €5,037
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€227-€8,474▲ 3,633%€21,393▲ 152%-€17,988€9,347
Net result€150within the sector's middle half-€5,959within the sector's middle half▲ 3,873%€15,434within the sector's middle half▲ 159%-€18,535below the sector's middle half€8,961within the sector's middle half
Equity€2,350below the sector's middle half-€8,309below the sector's middle half▲ 254%€23,743within the sector's middle half▲ 186%€5,208below the sector's middle half▼ 78.1%€14,169within the sector's middle half▲ 172%
Total assets€2,788below the sector's middle half-€15,644below the sector's middle half▲ 461%€31,241below the sector's middle half▲ 99.7%€13,519below the sector's middle half▼ 56.7%€30,233below the sector's middle half▲ 124%
Debt€438-€7,335▲ 1,575%€7,498▲ 2.2%€8,311▲ 10.8%€16,064▲ 93.3%
Working capital€1,667below the sector's middle half-€7,797within the sector's middle half▲ 368%€23,402within the sector's middle half▲ 200%€5,037within the sector's middle half▼ 78.5%€13,986within the sector's middle half▲ 178%
Solvency53.1%within the sector's middle half76.0%above the sector's middle half▲ 22.9pp38.5%within the sector's middle half▼ 37.5pp46.9%within the sector's middle half▲ 8.3pp
Current ratio2.06within the sector's middle half4.12above the sector's middle half▲ 2.061.61within the sector's middle half▼ 2.521.87within the sector's middle half▲ 0.26
Return on assets (ROA)38.1%above the sector's middle half49.4%above the sector's middle half▲ 11.3pp-137.1%below the sector's middle half▼ 186.5pp29.6%above the sector's middle half▲ 166.7pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: €227€227Net result 2020: €150€150Operating result 2021: €8,474€8,474Net result 2021: €5,959€5,959Operating result 2022: €21,393€21,393Net result 2022: €15,434€15,434Operating result 2023: -€17,988-€17,988Net result 2023: -€18,535-€18,535Operating result 2024: €9,347€9,347Net result 2024: €8,961€8,96120202021202220232024-€20,000-€10,000€0€10,000€20,000Operating result 2022: €21,393€21,400Net result 2022: €15,434€15,400Operating result 2023: -€17,988-€18,000Net result 2023: -€18,535-€18,500Operating result 2024: €9,347€9,350Net result 2024: €8,961€8,960202220232024
The operating result returns to profit in 2024: €9,347 after a loss of €17,988 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,233
Fixed assets €183
Current assets €30,050
Equity and liabilities €30,233
Equity €14,169 ▲ 172%
Debt €16,064 ▲ 93.3%
Debt's share of the balance-sheet total falls from 61.5% to 53.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€9,518▲
2023 · -€17,817
Cash flow
€9,132▲
2023 · -€18,364
Debt to equity
1.13▼
2023 · 1.60
ROE
63.2%▲
2023 · -355.9%
Interest coverage
24.66▲
2023 · -32.57
Debt ≤ 1 year
€16,064▲
2023 · €8,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€13,519€30,233▲
Formation expenses20€171-
Fixed assets21/28-€183
Financial fixed assets28-€183
Current assets29/58€13,348€30,050▲
Amounts receivable within one year40/41€12,113€18,999▲
Trade receivables40€11,644€17,147▲
Other amounts receivable41€469€1,852▲
Cash at bank and in hand54/58€1,235€11,051▲
Equity and liabilities
Total equity and liabilities10/49€13,519€30,233▲
Equity10/15€5,208€14,169▲
Contributions10/11€2,200€2,200=
Outside capital11€2,200€2,200=
Other1109/19€2,200€2,200=
Profit (loss) carried forward14€3,008€11,969▲
Amounts payable17/49€8,311€16,064▲
Amounts payable within one year42/48€8,311€16,064▲
Trade debts44€6,692€14,445▲
Suppliers440/4€6,692€14,445▲
Taxes, remuneration and social security45€1,591€1,591=
Taxes450/3€1,591€1,591=
Other amounts payable47/48€28€28=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171€171=
Other operating charges640/8€855€116▼
Gross operating margin9900-€16,962€9,634▲
Operating profit (loss)9901-€17,988€9,347▲
Financial charges65/66B€547€386▼
Recurring financial charges65€547€386▼
Profit (loss) for the period before taxes9903-€18,535€8,961▲
Profit (loss) for the period9904-€18,535€8,961▲
Profit (loss) for the period to be appropriated9905-€18,535€8,961▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,008€11,969▲
Profit (loss) brought forward from the previous period14P€21,543€3,008▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171€171€171€171€171=
Other operating charges640/8-€371€397€855€116▼ 86.4%
Gross operating margin9900€398€9,016€21,961-€16,962€9,634▲ 157%
Operating profit (loss)9901€227€8,474€21,393-€17,988€9,347▲ 152%
Financial income75/76B-€1----
Recurring financial income75€2€1----
Financial charges65/66B-€606€576€547€386▼ 29.4%
Recurring financial charges65€31€606€576€547€386▼ 29.4%
Profit (loss) for the period before taxes9903€198€7,869€20,817-€18,535€8,961▲ 148%
Income taxes67/77€48€1,909€5,383---
Profit (loss) for the period9904€150€5,959€15,434-€18,535€8,961▲ 148%
Profit (loss) for the period to be appropriated9905€150€5,959€15,434-€18,535€8,961▲ 148%
Line20202021202220232024Change
Assets
Total assets20/58€2,788€15,644€31,241€13,519€30,233▲ 124%
Formation expenses20€683€512€341€171--
Fixed assets21/28----€183-
Financial fixed assets28----€183-
Current assets29/58€2,105€15,133€30,900€13,348€30,050▲ 125%
Amounts receivable within one year40/41€348€6,673€2,634€12,113€18,999▲ 56.8%
Trade receivables40-€5,713€1,240€11,644€17,147▲ 47.3%
Other amounts receivable41-€960€1,394€469€1,852▲ 295%
Cash at bank and in hand54/58€1,757€8,460€28,266€1,235€11,051▲ 795%
Equity and liabilities
Total equity and liabilities10/49€2,788€15,644€31,241€13,519€30,233▲ 124%
Equity10/15€2,350€8,309€23,743€5,208€14,169▲ 172%
Contributions10/11-€2,200€2,200€2,200€2,200=
Outside capital11-€2,200€2,200€2,200€2,200=
Other1109/19-€2,200€2,200€2,200€2,200=
Profit (loss) carried forward14€150€6,109€21,543€3,008€11,969▲ 298%
Amounts payable17/49€438€7,335€7,498€8,311€16,064▲ 93.3%
Amounts payable within one year42/48€438€7,335€7,498€8,311€16,064▲ 93.3%
Trade debts44-€5,310€1,656€6,692€14,445▲ 116%
Suppliers440/4-€5,310€1,656€6,692€14,445▲ 116%
Taxes, remuneration and social security45-€1,957€5,774€1,591€1,591=
Taxes450/3-€1,957€5,774€1,591€1,591=
Other amounts payable47/48-€68€68€28€28=
Line20202021202220232024Change
Profit (loss) for the period9904€150€5,959€15,434-€18,535€8,961▲ 148%
+ Depreciation and write-downs630€171€171€171€171€171=
Operating cash flow (approximation)€321€6,130€15,605-€18,364€9,132▲ 150%
Change in cash-€6,703€19,806-€27,031€9,816▲ 136%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €8,961
Net result €8,961 after one loss-making year.
04-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€18,535
Net result drops to -€18,535, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2020net €15,434 ▲159%
Operating result €21,393, net result €15,434, both a record.
25-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
488 m²
Building footprint
176 m²
Volume, LiDAR
1,185 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
REN GROUP
Dianalaan 17, 2600 AntwerpenGeneral construction of buildings
since 20202.297.564.962
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46028B0099/00P000 Flanders 351 m² 1 · 80 m² 7.7 m · 2 fl.
11302A0048/00N002 Flanders 137 m² 1 · 96 m² 10.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 29,766 companies in this sector we hold annual accounts for 16,066. 10,517 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded02-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43211General electrical installation work
43221Plumbing work
43310Plastering work
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0740661019
Also 9925:BE0740661019
Registered 17-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.