RENASCO
Overview
Lifetime
3 annual accounts with figures on one time axisKey points
from the 2025 annual accountsFilings
Latest accounts filed late: after the legal deadline.
At the same address
Checked score
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthWeak
Score breakdown
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 24% of them on solvency, 5% on liquidity, 13% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,271 companies had the same profile as RENASCO has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RENASCO itself: 5.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,271 companies, not a prediction for RENASCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Liquidity is tight, with a current ratio of 1.26 (1.29 in 2024), below the usual 1.5. Short-term debt is 78% and cash 0.5% of total assets. 78% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 44 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Board and ownership
- ERCOS Baris 10 sharesdeed of 01-02-2023
- KARADENIZ Serkan 45 sharesdeed of 01-02-2023
- YANAR Adnan 45 sharesdeed of 01-02-2023
Recent changes
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RENASCO Anderlecht | €206,106 | -€5,470 | 22.0% | - |
| TIP TOP AMENAGEMENT Bertrix | €176,232 | -€12,835 | -3.8% | - |
| Goire Benjamin Gedinne | €242,021 | -€939 | 33.6% | - |
| D-Landscape Balen | €241,173 | -€6,331 | -12.4% | - |
| ANIMUS COMPANY Wavre | €293,992 | -€31,015 | -12.8% | - |
| Keywrapz Brakel | €134,097 | -€20,395 | -60.1% | - |
| LinicA Herzele | €174,760 | -€452 | -10.3% | - |
These companies have the same main activity as RENASCO: site preparation (NACE 43120). They are comparable in size and age: total assets between €134,000 and €294,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 30-01-2023Normal situation
- Registered office
- 40 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Site preparationNACE 43120and 5 others
- Establishment unit
- 2.342.411.3291070 Anderlecht, since 30-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- -€5,470
- €7,219
- €45,390▼ 13.7%
- €206,106▼ 2.1%
- Filing
- Filed on 29-10-2026
Insights on RENASCO
RENASCO files the micro format. That format states no turnover. The gross margin fell from €16,454 in 2023 to -€5,470 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-10-2026, 90 days lateTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €206,106 on 31-12-2025in euro
in euro
Position in the sector
22.0%
Higher than 24% of 35,125 companies in 2025.
1.26
Higher than 31% of 34,499 companies in 2025.
-3.5%
Higher than 18% of 34,700 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
206,106 | 210,481 | 152,813 | |
21/28 |
4,308 | 6,649 | 961 | |
22/27 |
3,078 | 6,019 | 961 | |
23 |
2,799 | 5,399 | - | |
24 |
279 | 620 | 961 | |
28 |
1,230 | 630 | - | |
29/58 |
201,798 | 203,831 | 151,852 | |
40/41 |
197,758 | 195,457 | 118,949 | |
40 |
78,127 | 108,684 | 93,719 | |
41 |
119,630 | 86,773 | 25,230 | |
54/58 |
1,031 | 5,153 | 23,400 | |
490/1 |
3,010 | 3,221 | 9,504 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
206,106 | 210,481 | 152,813 | |
10/15 |
45,390 | 52,609 | 20,131 | |
10/11 |
15,000 | 15,000 | 15,000 | |
13 |
30,390 | 37,609 | 5,131 | |
133 |
30,390 | 37,609 | 5,131 | |
17/49 |
160,717 | 157,872 | 132,682 | |
42/48 |
160,717 | 157,872 | 120,637 | |
44 |
126,640 | 145,016 | 96,103 | |
440/4 |
126,640 | 145,016 | 96,103 | |
45 |
34,077 | 12,856 | 20,389 | |
450/3 |
18,808 | 12,856 | 3,070 | |
454/9 |
15,269 | 0 | 17,319 | |
47/48 |
- | 0 | 4,145 | |
492/3 |
- | 0 | 12,045 | |
| Income statement | ||||
9900 |
-5,470 | 78,255 | 16,454 | |
630 |
2,941 | 2,742 | 63 | |
640/8 |
2,107 | 7,067 | 3,376 | |
9901 |
-10,519 | 68,446 | 13,015 | |
75/76B |
4,730 | 2,724 | 1,143 | |
75 |
4,730 | 2,724 | 1,143 | |
65/66B |
1,356 | 28,295 | 6,569 | |
65 |
1,356 | 28,295 | 6,569 | |
9903 |
-7,145 | 42,875 | 7,590 | |
67/77 |
75 | 10,397 | 2,458 | |
9904 |
-7,219 | 32,478 | 5,131 | |
9905 |
-7,219 | 32,478 | 5,131 | |
| Appropriation of the result | ||||
9906 |
-7,219 | 32,478 | 5,131 | |
791/2 |
7,219 | - | - | |
691/2 |
0 | 32,478 | 5,131 | |
6921 |
0 | 32,478 | 5,131 | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 90 days after the deadline. Filed on 29 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00571555.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -7,578 | 71,188 | 13,078 | ||
| -4,278 | 35,219 | 5,194 | ||
| 600 | 8,430 | 1,024 | ||
| -4,122 | -18,247 | - | ||
| 41,081 | 45,959 | 31,215 | ||
| 22.0% | 25.0% | 13.2% | ||
| 1.26 | 1.29 | 1.26 | ||
| 3.54 | 3.00 | 6.59 | ||
| -15.9% | 61.7% | 25.5% | ||
| -3.5% | 15.4% | 3.4% | ||
| -5.59 | 2.52 | 1.99 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €7,800 | €1,024 |
| Financial fixed assets | €600 | €630 | - |
| €2,941 | €2,742 | €63 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on RENASCO
The operating result for 2025 is a loss of €10,519, after a profit of €68,446 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 75.0% to 78.0%. Equity is lower and debt is higher.
Board & ownership
Board
3 directors, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 01-02-2023
Mandates through the years
3 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Director (not named in the articles)
Mandates as a list
- ERCOS Baris
- Director (not named in the articles), from 26-01-2023 to date
- KARADENIZ Serkan
- Director (not named in the articles), from 26-01-2023 to date
- YANAR Adnan
- Director (not named in the articles), from 26-01-2023 to date
Control
Capital
- Contribution
- €15,000
- Shares
- 100
- Contribution per share
- €150
- Equity per share
- €454 in 2025
- Source
- deed of 01-02-2023
Articles of association
deed of 01-02-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares“Aandeelhouders mogen kennis nemen van dit register betreffende hun effecten, register van aandelen op naam”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Aan de aandeelhouders worden certificaten afgegeven van deze inschrijvingen, overdrachten en overgangen hebben slechts uitwerking ten…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluit van de algemene vergadering, zoals inzake statutenwijziging”
Shareholders
- ERCOS Baris 10 shares (10%) · €1,500 in cash
- KARADENIZ Serkan 45 shares (45%) · €6,750 in cash
- YANAR Adnan 45 shares (45%) · €6,750 in cash
Network & group
No group
RENASCO has no parent and no holdings in its annual accounts. RENASCO shares no director with another company.
At the same address
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Timeline
Timeline
9 events since 2023Deadline for the 2026 accounts: 31-07-2027
Registered office moved from Zele to BrusselsNew registered office: Bergensesteenweg 814A, 1070 Brussel · Previous registered office: Korte Rinkhoutstraat 12, 9240 Zele1 point ▸
- Registered-office move, Bergensesteenweg 814A, 1070 Brussel
IncorporationFounding capital of €15,000, 100 shares · Founders: ERCOS Baris, KARADENIZ Serkan and YANAR Adnan · Appointments: ERCOS Baris, KARADENIZ Serkan and YANAR Adnan · published on 01-02-202310 points ▸
- Founder, ERCOS Baris
- Founder, KARADENIZ Serkan
- Founder, YANAR Adnan
- Founding capital, €15,000, 100 shares
- Registered office clause, Korte Rinkhoutstraat 12, 9240 Zele
- Board rule, 3
- Director appointment, ERCOS Baris (director (not named in the articles))
- Director appointment, KARADENIZ Serkan (director (not named in the articles))
- Director appointment, YANAR Adnan (director (not named in the articles))
- Power of attorney, FIDUCIAIRE ACCFISC CONSULT
- The deed holds 2 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0797.796.492
- VAT number
- BE 0797.796.492
- Peppol ID
- 0208:0797796492
- Other Peppol ID
- 9925:BE0797796492
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-01-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00deed of 01-02-2023 (in Dutch)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- RENASCO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 01-02-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 01-02-2023 (in Dutch)
Activities
NACEBEL 2025Codes under NACEBEL 2008
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De uitvoering van horizontale doorpersingen van buizen voor kabels en leidingen; Het leggen van ondergrondse kabels; gestuurde boringen…”deed of 01-02-2023 (in Dutch)
34 activities
- De uitvoering van horizontale doorpersingen van buizen voor kabels en leidingen
- Het leggen van ondergrondse kabels; gestuurde boringen; putboringen; beschoeiingen en stutten van bouwputten; inmeten en uitzetten van GPS-coördinaten
- Onderneming voor alle ondergrondse- en bovengrondse nutsvoorzieningen: riolering, drinkwater, aardgas, elektriciteit, telecom (coax, koper en glasvezel); opstellen van Site Survey voor klantaansluitingen
- Engineering en design netbeheer
- Calculator en nacalculatie
- Seininrichting- en spoorbouwwerken
- Algemene bouwonderneming
- Algemene renovatie gebouwen
- Aannemer van metsel- en betonwerken, waterdicht maken van bouwwerken
- Aannemer van slopingswerken
- Het uitoefenen van het beroep van sanitair installateur, loodgieter, elektricien, installateur van centrale verwarming en het plaatsen van elektrotechnische installaties
- De bekleding van wanden, plafonds, enzovoort in hout, kunststof en metaal
- Dakbedekking en bouw van daken en dakconstructies, het plaatsen van dakbedekking van ongeacht welk materiaal, het plaatsen van dakgoten en regenafvoerbuizen, het waterdicht maken van daken en dakterrassen
- Het aanbrengen van pleister- en stukadoorswerk (incl. het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
- Het behandelen van muren met vochtwerende en waterafstotende producten
- Gevelreiniging door middel van zandstralen, met behulp van stoom enzovoort
- Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Industriële reiniging
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Het kopen en verkopen, huren en verhuren van allerhande voertuigen, machines en infrastructuur noodzakelijk voor het uitoefenen van alle activiteiten van de vennootschap
- Bouw van autowegen en andere wegen, bestratingen, klinkerwerken
- Import- en export, groot- en kleinhandel in handelsgoederen
- Tussenpersonen in de handel
- Het verlenen van zowel persoonlijke als zakelijke, roerende en onroerende waarborgen ten voordele van derden
- Het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse bestaande of nog op te richten vennootschappen
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks betrekking hebbende op het vlak van administratie en financiën, verkoop productie en algemeen bestuur
- Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering
- Het waarnemen van alle bestuurs- en vereffeningsopdrachten, het uitoefenen van managementopdrachten en -functies
- Het verlenen van zowel persoonlijke als zakelijke, roerende en onroerende waarborgen ten voordele van derden
- Uitvoeren van landmeetkundige activiteiten
- Keuren van nutsvoorzieningen; opmaken van EPC en asbestattesten en dergelijke meer
- Het beheer van een onroerend vermogen, onroerend leasing en huurfinanciering van onroerende goederen aan derden, het verwerven door aankoop of anderszins, het verkopen, het ruilen, het bouwen, het verbouwen, het verbeteren, het uitrusten, het aanpassen, het verfraaien, het onderhouden, het verhuren, het huren, het verkavelen, het prospecteren en het uitbaten van onroerende goederen, het uitbaten van een bedrijfscentrum, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies die rechtstreeks of onrechtstreeks met het voorwerp verband houden, de vennootschap mag bestuursmandaten waarnemen in andere vennootschappen
- Het verhuren van materiaal in verband met de vermelde handelsactiviteiten, dit zowel voor eigen rekening als voor rekening van derden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Bergense Steenweg 814A registered office 1070 Anderlecht 4100106 General construction of residential buildings | 30-01-2023 | 2.342.411.329 |
1 former office
- Korte Rinkhoutstraat 12, 9240 Zele until the deed of 22-05-2024
Buildings and parcels at the address
- Ground area
- 2,640 m²
- Buildings
- 1,480 m²
- Volume, LiDAR
- 51,831 m³
- Tallest building
- 47.3 m
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21306C0130/00E000 | 2,640 m² | 1 · 1,480 m² | 47.3 m · 14 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0797.796.492