RENASCO
ActiveSummary
The computed 12-month bankruptcy probability of RENASCO is 5.1% (elevated). The 2024 annual accounts show equity of €52,609 and a net result of €32,478. Its solvency ranks better than 26% of 36377 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+19
Solvency50▲+12
Growth78
Track record94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.29 against 1.26 in 2023; short-term debt: 75% and cash: 2.4% of total assets), and 75% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
25%
Return on assets
15.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€52,609▲ 161%
2023 · €20,131
Total assets
€210,481▲ 37.7%
2023 · €152,813
Net result
€32,478▲ 533%
2023 · €5,131
Working capital
€45,959▲ 47.2%
2023 · €31,215
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
Line20232024
Operating result€13,015-€68,446▲ 426%
Net result€5,131-€32,478▲ 533%
Equity€20,131-€52,609▲ 161%
Total assets€152,813-€210,481▲ 37.7%
Debt€132,682-€157,872▲ 19.0%
Working capital€31,215-€45,959▲ 47.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 426% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €210,481
Fixed assets
€6,649 ▲ 592%
Current assets
€203,831 ▲ 34.2%
Equity and liabilities €210,481
Equity
€52,609 ▲ 161%
Debt
€157,872 ▲ 19.0%
Debt's share of the balance-sheet total falls from 86.8% to 75.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,188▲
2023 · €13,078
Cash flow
€35,219▲
2023 · €5,194
Current ratio
1.29▲
2023 · 1.26
Debt to equity
3.00▼
2023 · 6.59
ROE
61.7%▲
2023 · 25.5%
ROA
15.4%▲
2023 · 3.4%
Interest coverage
2.52▲
2023 · 1.99
Debt ≤ 1 year
€157,872▲
2023 · €120,637
Income taxes
€10,397▲
2023 · €2,458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63 | €2,742 | ▲ 4,276% |
| Other operating charges640/8 | €3,376 | €7,067 | ▲ 109% |
| Gross operating margin9900 | €16,454 | €78,255 | ▲ 376% |
| Operating profit (loss)9901 | €13,015 | €68,446 | ▲ 426% |
| Financial income75/76B | €1,143 | €2,724 | ▲ 138% |
| Recurring financial income75 | €1,143 | €2,724 | ▲ 138% |
| Financial charges65/66B | €6,569 | €28,295 | ▲ 331% |
| Recurring financial charges65 | €6,569 | €28,295 | ▲ 331% |
| Profit (loss) for the period before taxes9903 | €7,590 | €42,875 | ▲ 465% |
| Income taxes67/77 | €2,458 | €10,397 | ▲ 323% |
| Profit (loss) for the period9904 | €5,131 | €32,478 | ▲ 533% |
| Profit (loss) for the period to be appropriated9905 | €5,131 | €32,478 | ▲ 533% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €152,813 | €210,481 | ▲ 37.7% |
| Fixed assets21/28 | €961 | €6,649 | ▲ 592% |
| Tangible fixed assets22/27 | €961 | €6,019 | ▲ 526% |
| Plant, machinery and equipment23 | - | €5,399 | - |
| Furniture and vehicles24 | €961 | €620 | ▼ 35.5% |
| Financial fixed assets28 | - | €630 | - |
| Current assets29/58 | €151,852 | €203,831 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €118,949 | €195,457 | ▲ 64.3% |
| Trade receivables40 | €93,719 | €108,684 | ▲ 16.0% |
| Other amounts receivable41 | €25,230 | €86,773 | ▲ 244% |
| Cash at bank and in hand54/58 | €23,400 | €5,153 | ▼ 78.0% |
| Deferred charges and accrued income490/1 | €9,504 | €3,221 | ▼ 66.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €152,813 | €210,481 | ▲ 37.7% |
| Equity10/15 | €20,131 | €52,609 | ▲ 161% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Reserves13 | €5,131 | €37,609 | ▲ 633% |
| Distributable reserves133 | €5,131 | €37,609 | ▲ 633% |
| Amounts payable17/49 | €132,682 | €157,872 | ▲ 19.0% |
| Amounts payable within one year42/48 | €120,637 | €157,872 | ▲ 30.9% |
| Trade debts44 | €96,103 | €145,016 | ▲ 50.9% |
| Suppliers440/4 | €96,103 | €145,016 | ▲ 50.9% |
| Taxes, remuneration and social security45 | €20,389 | €12,856 | ▼ 36.9% |
| Taxes450/3 | €3,070 | €12,856 | ▲ 319% |
| Remuneration and social security454/9 | €17,319 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,145 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €12,045 | €0 | ▼ 100% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,131 | €32,478 | ▲ 533% |
| + Depreciation and write-downs630 | €63 | €2,742 | ▲ 4,276% |
| Operating cash flow (approximation) | €5,194 | €35,219 | ▲ 578% |
| Investment in fixed assets (approximation) | - | -€8,430 | - |
| Change in cash | - | -€18,247 | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Anderlecht · 1 establishment unit since 2023
Ground area
2,640 m²
Building footprint
1,480 m²
Volume, LiDAR
51,831 m³
Parcel 21306C0130/00E000, Brussels · tallest building 47.3 m, ±14 floors. Linked by address, not a title deed.
41
companies at this address
See who is registered here
1 establishment unit
RENASCO
since 20232.342.411.329
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0130/00E000 | Brussels | 2,640 m² | 1 · 1,480 m² | 47.3 m · 14 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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Of 8,462 companies in sector 43120 we hold annual accounts for 3,231. 2,513 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
Founded30-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
49410Freight transport by road
70200Business and other management consultancy
77120Rental and leasing activities
77320Rental and leasing activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.