RENE LEONARD
ActiveRENE LEONARD has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €505k and a net result of €76k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 60% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+56
Solvency80▲+1
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.81 in 2024; short-term debt: 45% and cash: 11.3% of total assets), and 45.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
8.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €505k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
22 d early
2022
31 d early
2021
21 d early
2020
23 d early
2019
35 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76k
2024 · €-12k
2018: €61k
2019: €13k
2020: €-11k
2021: €7k
2022: €28k
2023: €-71k
2024: €-12k
2018 → 2025
Working capital
€373k▲ 28.4%
2024 · €290k
2018: €348k
2019: €297k
2020: €308k
2021: €344k
2022: €372k
2023: €287k
2024: €290k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€485k-€512k▲ 5.5%€441k▼ 13.9%€429k▼ 2.7%€505k▲ 17.7%
Operating result€26k-€36k▲ 42.7%€-67k€-2k▲ 97.1%€93k
Net result€7k-€28k▲ 288%€-71k€-12k▲ 83.3%€76k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €93k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €923k
Fixed assets
€135k▼ 5.6%
Current assets
€788k▲ 21.7%
Equity and liabilities €923k
Equity
€505k▲ 17.7%
Debt
€418k▲ 15.8%
The debt ratio falls from 45.7% to 45.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107k▲
2024 · €12k
Cash flow
€90k▲
2024 · €3k
Solvency
54.7%▲
2024 · 54.3%
Current ratio
1.90▲
2024 · 1.81
Quick ratio
1.39▲
2024 · 1.14
Debt / equity
0.83▼
2024 · 0.84
ROE
15.0%▲
2024 · -2.8%
ROA
8.2%▲
2024 · -1.5%
Interest coverage
8.33▲
2024 · 0.78
Debt
€418k▲
2024 · €361k
Debt ≤ 1 year
€415k▲
2024 · €357k
Income taxes
€11k▲
2024 · €-217
Staff costs
€381k▲
2024 · €359k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€790k€923k▲
Fixed assets21/28€143k€135k▼
Tangible fixed assets22/27€140k€131k▼
Land and buildings22€100k€100k=
Plant, machinery and equipment23€777€3k▲
Furniture and vehicles24€39k€29k▼
Financial fixed assets28€3k€4k▲
Current assets29/58€647k€788k▲
Stocks and contracts in progress3€241k€211k▼
Stocks30/36€231k€208k▼
Contracts in progress37€10k€3k▼
Amounts receivable within one year40/41€323k€465k▲
Trade receivables40€311k€447k▲
Other amounts receivable41€12k€18k▲
Cash at bank and in hand54/58€74k€105k▲
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€790k€923k▲
Equity10/15€429k€505k▲
Contributions10/11€62k€62k=
Reserves13€435k€435k=
Distributable reserves133€435k€435k=
Profit (loss) carried forward14€-83k€-7k▲
Investment grants15€15k€15k=
Amounts payable17/49€361k€418k▲
Amounts payable within one year42/48€357k€415k▲
Financial debts43€180k€170k▼
Credit institutions430/8€180k€170k▼
Trade debts44€58k€136k▲
Suppliers440/4€58k€136k▲
Taxes, remuneration and social security45€36k€41k▲
Taxes450/3€13k€20k▲
Remuneration and social security454/9€23k€21k▼
Other amounts payable47/48€83k€68k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€413€121▼
Remuneration, social security and pensions62€359k€381k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€14k€15k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€385k€507k▲
Operating profit (loss)9901€-2k€93k▲
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€-12k€86k▲
Income taxes67/77€-217€11k▲
Profit (loss) for the period9904€-12k€76k▲
Profit (loss) for the period to be appropriated9905€-12k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-7k▲
Profit (loss) brought forward from the previous period14P€-71k€-83k▼
Social balance
Average headcount (FTE)90879.89.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €76k
Net result €76k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €505k ▲17.7%
Equity rises from €429k to €505k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-71k ▼350%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €512k ▲5.5%
2 profitable years in a row build equity to €512k.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 1977
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d'Alleur 554000 LiègeGround area
8,172 m²
Building footprint
505 m²
Volume, LiDAR
2,962 m³
Parcel 62087B0168/00D008, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Alleur 55, 4000 Liège
since 19772.014.203.911
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0168/00D008 | Wallonia | 8,172 m² | 1 · 504 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryRENE LEONARD SRL34011
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Of 432 companies in sector 46869 we hold annual accounts for 244. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1977
Fiscal year end31-12
Activities, NACEBEL
43333Wallpapering and laying of floor and wall coverings in other materials
45432
46869Wholesale trade
51562
32990Other manufacturing not elsewhere classified
43320Joinery installation
43350Other building finishing work
45421
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@etsleonard.com