Renaline
ActiveThe file of Renaline contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€51,240) and a net result of €20,813. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 4695 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+64
Solvency0=
Growth58=
Track record54
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.37 in 2024; short-term debt: 137.1% and cash: 20.9% of total assets), and equity is negative.
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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 · 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 2025Solvency, return and age of the figures
Solvency
-37.1%
Return on assets
15.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 19%
← 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 08-07-2026, 23 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
23 d early
2024
34 d late
2023
64 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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, micro schema
Equity
-€51,240▲ 28.9%
2024 · -€72,054
Total assets
€138,021▲ 72.4%
2024 · €80,041
Net result
€20,813
2024 · -€26,768
Working capital
-€75,497▲ 21.3%
2024 · -€95,918
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€45,412--€13,237▲ 70.9%€28,445
Net result-€47,785below the sector's middle half--€26,768below the sector's middle half▲ 44.0%€20,813above the sector's middle half
Equity-€45,285below the sector's middle half--€72,054below the sector's middle half▼ 59.1%-€51,240below the sector's middle half▲ 28.9%
Total assets€82,937within the sector's middle half-€80,041within the sector's middle half▼ 3.5%€138,021within the sector's middle half▲ 72.4%
Debt€128,222-€152,094▲ 18.6%€189,261▲ 24.4%
Working capital-€73,803--€95,918▼ 30.0%-€75,497▲ 21.3%
Solvency-54.6%below the sector's middle half--90.0%below the sector's middle half▼ 35.4pp-37.1%below the sector's middle half▲ 52.9pp
Staff (FTE)4.3-4.6▲ 7.0%2.7▼ 41.3%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, 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
The operating result returns to profit in 2025: €28,445 after a loss of €13,237 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,021
Fixed assets
€24,257 ▲ 1.4%
Current assets
€113,764 ▲ 103%
Key figures and ratios
EBITDA
€33,151▲
2024 · -€8,467
Cash flow
€25,520▲
2024 · -€21,998
Current ratio
0.60▲
2024 · 0.37
Quick ratio
0.55▲
2024 · 0.31
Debt to equity
-3.69▼
2024 · -2.11
ROA
15.1%▲
2024 · -33.4%
Interest coverage
3.19▲
2024 · -0.56
Debt ≤ 1 year
€189,261▲
2024 · €152,029
Staff costs
€123,860▼
2024 · €185,329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,022 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.8%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,022 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,299 | - |
| Remuneration, social security and pensions62 | €416,388 | €185,329 | €123,860 | ▼ 33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,046 | €4,771 | €4,706 | ▼ 1.3% |
| Other operating charges640/8 | €6,453 | €461 | €885 | ▲ 91.9% |
| Gross operating margin9900 | €383,475 | €177,323 | €157,896 | ▼ 11.0% |
| Operating profit (loss)9901 | -€45,412 | -€13,237 | €28,445 | ▲ 315% |
| Financial income75/76B | €769 | €1,554 | €2,749 | ▲ 76.8% |
| Recurring financial income75 | €769 | €1,554 | €2,749 | ▲ 76.8% |
| Financial charges65/66B | €2,780 | €15,085 | €10,380 | ▼ 31.2% |
| Recurring financial charges65 | €2,780 | €15,085 | €10,380 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | -€47,423 | -€26,768 | €20,813 | ▲ 178% |
| Income taxes67/77 | €362 | €0 | - | - |
| Profit (loss) for the period9904 | -€47,785 | -€26,768 | €20,813 | ▲ 178% |
| Transfer to tax-exempt reserves689 | - | - | €4,299 | - |
| Profit (loss) for the period to be appropriated9905 | -€47,785 | -€26,768 | €16,514 | ▲ 162% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €82,937 | €80,041 | €138,021 | ▲ 72.4% |
| Fixed assets21/28 | €28,701 | €23,930 | €24,257 | ▲ 1.4% |
| Intangible fixed assets21 | €18,820 | €16,510 | €14,201 | ▼ 14.0% |
| Tangible fixed assets22/27 | €6,881 | €4,420 | €6,556 | ▲ 48.3% |
| Plant, machinery and equipment23 | €384 | €50 | €3,324 | ▲ 6,517% |
| Furniture and vehicles24 | €5,226 | €3,276 | €2,317 | ▼ 29.3% |
| Other tangible fixed assets26 | €1,271 | €1,093 | €916 | ▼ 16.3% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,500 | ▲ 16.7% |
| Current assets29/58 | €54,236 | €56,110 | €113,764 | ▲ 103% |
| Stocks and contracts in progress3 | €8,552 | €8,552 | €9,500 | ▲ 11.1% |
| Stocks30/36 | €8,552 | €8,552 | €9,500 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €21,458 | €28,687 | €66,475 | ▲ 132% |
| Trade receivables40 | €6,581 | €198 | €1,450 | ▲ 631% |
| Other amounts receivable41 | €14,877 | €28,488 | €65,025 | ▲ 128% |
| Cash at bank and in hand54/58 | €24,226 | €15,941 | €28,816 | ▲ 80.8% |
| Deferred charges and accrued income490/1 | - | €2,930 | €8,972 | ▲ 206% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €82,937 | €80,041 | €138,021 | ▲ 72.4% |
| Equity10/15 | -€45,285 | -€72,054 | -€51,240 | ▲ 28.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | €4,299 | - |
| Tax-exempt reserves132 | - | - | €4,299 | - |
| Profit (loss) carried forward14 | -€47,785 | -€74,554 | -€58,040 | ▲ 22.2% |
| Amounts payable17/49 | €128,222 | €152,094 | €189,261 | ▲ 24.4% |
| Amounts payable within one year42/48 | €128,039 | €152,029 | €189,261 | ▲ 24.5% |
| Financial debts43 | - | €10 | €291 | ▲ 2,816% |
| Credit institutions430/8 | - | €10 | €291 | ▲ 2,816% |
| Trade debts44 | €30,287 | €17,967 | €28,464 | ▲ 58.4% |
| Suppliers440/4 | €30,287 | €17,967 | €28,464 | ▲ 58.4% |
| Taxes, remuneration and social security45 | €97,752 | €133,283 | €159,418 | ▲ 19.6% |
| Taxes450/3 | €20,308 | €46,949 | €32,573 | ▼ 30.6% |
| Remuneration and social security454/9 | €77,444 | €86,334 | €126,846 | ▲ 46.9% |
| Other amounts payable47/48 | - | €769 | €1,088 | ▲ 41.4% |
| Accrued charges and deferred income492/3 | €184 | €66 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,785 | -€26,768 | €20,813 | ▲ 178% |
| + Depreciation and write-downs630 | €6,046 | €4,771 | €4,706 | ▼ 1.3% |
| Operating cash flow (approximation) | -€41,739 | -€21,998 | €25,520 | ▲ 216% |
| Investment in fixed assets (approximation) | - | €0 | -€5,033 | - |
| Change in cash | - | -€8,285 | €12,875 | ▲ 255% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20,813
Net result €20,813 after 2 loss-making years.
07-10
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Leuven · event 02-10-2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
10-04
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · collective agreement · event 03-04-2025
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Leuven · 1 establishment unit since 2022
Ground area
955 m²
Building footprint
824 m²
Volume, LiDAR
8,962 m³
Parcel 24062A0440/00G002, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Caffee Coiffee
since 20222.328.369.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0440/00G002 | Flanders | 955 m² | 1 · 824 m² | 14.6 m · 4 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782626682
Also
9925:BE0782626682
Registered
09-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.