Checked.be
Active
BE 1001.464.721Private limited company
RENEWABLE HEATING CONCEPTS
Kuifeendstraat 49 ·8400 Oostende, Belgium· 2 yrs active
Sector: Installation of electric heating, air conditioning, cooling and ventilation
(43222)
Conclusion
The computed 12-month bankruptcy probability of RENEWABLE HEATING CONCEPTS is 4.0% (elevated). The 2024 annual accounts show negative equity (€-3k) and a net result of €-6k. Its solvency ranks better than 9% of 11123 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €-3k |
| Net result | €-6k |
| Staff (FTE) | 0.6 |
| Better than sector | 9% |
Financial profile
72
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
58
Profitability
100
Solvency
65
Growth
-
Stability
67
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
58
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score components
Liquidity
Current ratio 1.93 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.93 (≥ 1.0)
+5
Equity
Negative equity
-25
Profitability
ROE 204% (≥ 10%)
+10
Interest coverage
Interest coverage 18.6× (≥ 3×)
+8
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1.7% | 40.8% | |
| Net result | €-6k | €11k | |
| Equity | €-3k | €34k | |
| Gross operating margin | €54k | €35k | |
| Staff costs | €17k | €24k |
Figures by fiscal year and ratios
| Fiscal year | 2024 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €35k |
| Net profit | €-6k |
| Cash flow | €33k |
| Staff costs | €17k |
| Income taxes | - |
| Dividends | - |
| Total assets | €170k |
| Equity | €-3k |
| Debt | €173k |
| of which ≤ 1y | €30k |
| of which > 1y | €143k |
| Working capital | €28k |
| Employees (FTE) | 0.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.93 |
| Quick ratio | 1.93 |
| Working capital ratio | 16.4% |
| Solvency | -1.7% |
| Debt / equity | -60.16 |
| Long-term debt ratio | -49.74 |
| Interest coverage | 18.59 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.4% |
| ROE | 204.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €170k |
| Fixed assets | 21/28 | €113k |
| Intangible fixed assets | 21 | €56k |
| Tangible fixed assets | 22/27 | €56k |
| Current assets | 29/58 | €58k |
| Amounts receivable within one year | 40/41 | €56k |
| Cash & bank | 54/58 | €767 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €170k |
| Equity | 10/15 | €-3k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-6k |
| Amounts payable | 17/49 | €173k |
| Amounts payable after one year | 17 | €143k |
| Amounts payable within one year | 42/48 | €30k |
| Trade debts payable within one year | 44 | €739 |
| Income statement | ||
| Gross operating margin | 9900 | €54k |
| Operating result | 9901 | €-4k |
| Financial income | 75 | €74 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-6k |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
Legal Structure
| NACE primary | Installation of electric heating, air conditioning, cooling and ventilation(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 20-10-2023 |
| Status | Active |
| Postal code | 8400 |
Establishment units
RENEWABLE HEATING CONCEPTS
since 20232.351.661.268
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0538/00T000 | Flanders | 193 m² | 1 · 78 m² | 0.1 m |
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.
Updates
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
NBB filing
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Installation of electric heating, air conditioning, cooling and ventilation43222General electrical installation work43211Plumbing work43221
Names & trade names
| Legal nameNL | RENEWABLE HEATING CONCEPTS |
| AbbreviationNL | RHC |
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