Summary
RENAISSANCE DEVELOPMENT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €575,149 and a net result of €519,060. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 9294 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €575,149
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
61 d late
2023
61 d late
2022
24 d early
2021
998 d late
2020
1363 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 410 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€575,149▲ 925%
2024 · €56,089
Total assets
€902,256▲ 8.7%
2024 · €830,089
Net result
€519,060
2024 · -€57,337
Working capital
€117,259
2024 · -€364,262
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€253,725▼ 28.7%-€165,564▲ 34.7%€498,658-€18,565€661,130
Net result-€680,191-€280,891▲ 58.7%€445,281-€57,337€519,060
Equity-€50,963-€331,855▼ 551%€113,426€56,089▼ 50.6%€575,149▲ 925%
Total assets€727,442▲ 12.5%€737,924▲ 1.4%€1.2m▲ 65.5%€830,089▼ 32.0%€902,256▲ 8.7%
Debt€778,405▲ 4,353%€1.1m▲ 37.4%€1.1m▲ 3.5%€774,000▼ 30.1%€327,106▼ 57.7%
Working capital€24,603▼ 96.1%-€669,653-€337,595▲ 49.6%-€364,262▼ 7.9%€117,259
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +59% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €661,130 after a loss of €18,565 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €902,256
Fixed assets
€457,891 ▼ 0.3%
Current assets
€444,365 ▲ 19.8%
Equity and liabilities €902,256
Equity
€575,149 ▲ 925%
Debt
€327,106 ▼ 57.7%
Debt's share of the balance-sheet total falls from 93.2% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
90.2%▲
2024 · -102.2%
ROA
57.5%▲
2024 · -6.9%
Debt ≤ 1 year
€327,105▼
2024 · €735,076
Income taxes
€130,715
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €24,200 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,392 | €2,308 | €2,832 | €2,218 | €1,584 | ▼ 28.6% |
| Other operating charges640/8 | €6,872 | €238 | €959 | €513 | €6,152 | ▲ 1,098% |
| Non-recurring operating charges66A | - | €7,559 | €0 | - | - | - |
| Gross operating margin9900 | -€233,461 | -€155,459 | €502,449 | -€15,833 | €668,866 | ▲ 4,325% |
| Operating profit (loss)9901 | -€253,725 | -€165,564 | €498,658 | -€18,565 | €661,130 | ▲ 3,661% |
| Financial income75/76B | €1 | €0 | €1,073 | €0 | €1,529 | - |
| Recurring financial income75 | €1 | €0 | €1,073 | €0 | €1,529 | - |
| Financial charges65/66B | €426,467 | €115,328 | €54,450 | €38,773 | €12,883 | ▼ 66.8% |
| Recurring financial charges65 | €3,894 | €89,297 | €54,450 | €38,773 | €12,883 | ▼ 66.8% |
| Non-recurring financial charges66B | €422,573 | €26,031 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€680,191 | -€280,891 | €445,281 | -€57,337 | €649,775 | ▲ 1,233% |
| Income taxes67/77 | - | - | - | - | €130,715 | - |
| Profit (loss) for the period9904 | -€680,191 | -€280,891 | €445,281 | -€57,337 | €519,060 | ▲ 1,005% |
| Profit (loss) for the period to be appropriated9905 | -€680,191 | -€280,891 | €445,281 | -€57,337 | €519,060 | ▲ 1,005% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €727,442 | €737,924 | €1.2m | €830,089 | €902,256 | ▲ 8.7% |
| Fixed assets21/28 | €511,934 | €464,325 | €461,493 | €459,275 | €457,891 | ▼ 0.3% |
| Tangible fixed assets22/27 | €60,360 | €12,752 | €9,920 | €7,702 | €6,117 | ▼ 20.6% |
| Furniture and vehicles24 | €60,360 | €12,752 | €9,920 | €7,702 | €6,117 | ▼ 20.6% |
| Financial fixed assets28 | €451,573 | €451,573 | €451,573 | €451,573 | €451,773 | = |
| Current assets29/58 | €215,508 | €273,599 | €759,424 | €370,814 | €444,365 | ▲ 19.8% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €192,213 | €226,114 | €299,969 | €323,047 | €334,135 | ▲ 3.4% |
| Trade receivables40 | - | - | - | €4,840 | €19,881 | ▲ 311% |
| Other amounts receivable41 | €192,213 | €226,114 | €299,969 | €318,207 | €314,253 | ▼ 1.2% |
| Cash at bank and in hand54/58 | €22,947 | €45,344 | €458,356 | €47,218 | €109,992 | ▲ 133% |
| Deferred charges and accrued income490/1 | €348 | €2,141 | €1,099 | €548 | €239 | ▼ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €727,442 | €737,924 | €1.2m | €830,089 | €902,256 | ▲ 8.7% |
| Equity10/15 | -€50,963 | -€331,855 | €113,426 | €56,089 | €575,149 | ▲ 925% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€60,963 | -€341,855 | €103,426 | €46,089 | €565,149 | ▲ 1,126% |
| Amounts payable17/49 | €778,405 | €1.1m | €1.1m | €774,000 | €327,106 | ▼ 57.7% |
| Amounts payable after more than one year17 | €587,500 | €116,006 | €2,449 | €0 | - | - |
| Financial debts170/4 | €587,500 | €116,006 | €2,449 | €0 | - | - |
| Amounts payable within one year42/48 | €190,905 | €943,253 | €1.1m | €735,076 | €327,105 | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | €14,367 | €14,494 | €14,622 | €2,449 | €0 | ▼ 100% |
| Financial debts43 | €148,931 | €801,239 | €922,938 | €571,820 | €120,273 | ▼ 79.0% |
| Credit institutions430/8 | €148,931 | €1,239 | €122,938 | €121,820 | €120,273 | ▼ 1.3% |
| Other loans439 | - | €800,000 | €800,000 | €450,000 | €0 | ▼ 100% |
| Trade debts44 | €27,607 | €5,544 | €26,205 | €40,447 | €5,011 | ▼ 87.6% |
| Suppliers440/4 | €27,607 | €5,544 | €26,205 | €40,447 | €5,011 | ▼ 87.6% |
| Taxes, remuneration and social security45 | - | - | €13,145 | €0 | €131,461 | - |
| Taxes450/3 | - | - | €13,145 | €0 | €131,461 | - |
| Other amounts payable47/48 | €0 | €121,976 | €120,109 | €120,360 | €70,360 | ▼ 41.5% |
| Accrued charges and deferred income492/3 | - | €10,521 | €8,022 | €38,924 | €1 | ▼ 100.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€680,191 | -€280,891 | €445,281 | -€57,337 | €519,060 | ▲ 1,005% |
| + Depreciation and write-downs630 | €13,392 | €2,308 | €2,832 | €2,218 | €1,584 | ▼ 28.6% |
| Operating cash flow (approximation) | -€666,799 | -€278,583 | €448,113 | -€55,119 | €520,645 | ▲ 1,045% |
| Investment in fixed assets (approximation) | - | €45,300 | €0 | €0 | -€200 | - |
| Change in cash | - | €22,398 | €413,011 | -€411,138 | €62,773 | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €519,060
Net result €519,060 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.36
Current ratio from 0.50 to 1.36; short-term debt falls from €735,076 to €327,105.
31-12
Financial
Equity above €500,000Eq €575,149 ▲925%
Equity rises from €56,089 to €575,149.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 998 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1363 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €445,281
Net result €445,281 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €113,426
Equity rises from -€331,855 to €113,426.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€680,191
Net result drops to -€680,191, the lowest in the series; recovery starts the following year.
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
3 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, Brussel · 1 establishment unit since 2019
Ground area
9,776 m²
Building footprint
3,052 m²
Volume, LiDAR
107,160 m³
Parcel 21813A0484/00G000, Brussels · tallest building 61.6 m, ±9 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
RENAISSANCE DEVELOPMENT
since 20192.296.465.496
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- BRELUX
- RENAISSANCE DEVELOPMENT
Highest known parent: BRELUX. The sources do not say who stands above it.
Owners 1
- BRELUXparentSourceaccounts BRELUX 202560%
Holdings 1
-
20%
According to the 2025 annual accounts of RENAISSANCE DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,294 companies in sector 68122 we hold annual accounts for 903. 572 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
Contact
Website
www.renaissance-development.com
E-mail
info@renaissance-development.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738652525
Also
9925:BE0738652525
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.