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RENOCOSY

Active
Private limited companyfounded 20196 yrs activeRue de la Besace, Our 14, 6852 Paliseul, BelgiumKBO/BCE: BE 0739.587.485
Summary

The computed 12-month bankruptcy probability of RENOCOSY is 2.2% (moderate). The 2025 annual accounts show equity of €264,647 and a net result of -€13,036. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 2226 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability23▼-28
Solvency48▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.73 against 6.18 in 2024; short-term debt: 21.1% and cash: 31.4% of total assets), but 76.7% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 6 filings
Deviation from the deadline
2025
22 d late
2024
58 d late
2023
56 d late
2022
49 d late
2021
38 d early
2020
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 18 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 December 2019, RENOCOSY was incorporated as a Private limited company.1 Total assets went from EUR 49,183 in 2020 to EUR 1.1 million in 2025 and headcount from 0.8 full-time equivalents in 2021 to 1 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020, 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,036
2024 · €20,274
Working capital
€893,864▲ 29.7%
2024 · €689,151
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€90,709▲ 10,662%€139,311▲ 53.6%€100,409▼ 27.9%€45,848▼ 54.3%€1,220▼ 97.3%
Net result€64,661above the sector's middle half▲ 14,649%€102,441within the sector's middle half▲ 58.4%€69,869within the sector's middle half▼ 31.8%€20,274within the sector's middle half▼ 71.0%-€13,036below the sector's middle half
Equity€85,099within the sector's middle half▲ 316%€187,540within the sector's middle half▲ 120%€257,409within the sector's middle half▲ 37.3%€277,683within the sector's middle half▲ 7.9%€264,647within the sector's middle half▼ 4.7%
Total assets€488,565above the sector's middle half▲ 893%€462,739within the sector's middle half▼ 5.3%€1.0mwithin the sector's middle half▲ 118%€830,180within the sector's middle half▼ 17.8%€1.1mwithin the sector's middle half▲ 36.5%
Debt€403,466▲ 1,304%€275,199▼ 31.8%€752,113▲ 173%€552,497▼ 26.5%€868,745▲ 57.2%
Working capital€163,990above the sector's middle half▲ 750%€264,151within the sector's middle half▲ 61.1%€659,584within the sector's middle half▲ 150%€689,151within the sector's middle half▲ 4.5%€893,864above the sector's middle half▲ 29.7%
Solvency17.4%within the sector's middle half▼ 24.1pp40.5%within the sector's middle half▲ 23.1pp25.5%within the sector's middle half▼ 15.0pp33.4%within the sector's middle half▲ 8.0pp23.3%within the sector's middle half▼ 10.1pp
Current ratio1.51within the sector's middle half▼ 0.162.51above the sector's middle half▲ 1.012.98above the sector's middle half▲ 0.466.18above the sector's middle half▲ 3.204.73above the sector's middle half▼ 1.44
Return on assets (ROA)13.2%within the sector's middle half▲ 12.3pp22.1%above the sector's middle half▲ 8.9pp6.9%within the sector's middle half▼ 15.2pp2.4%within the sector's middle half▼ 4.5pp-1.2%below the sector's middle half▼ 3.6pp
Staff (FTE)0.81below the sector's middle half▲ 25.0%1below the sector's middle half=1below the sector's middle half=1within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: €90,709€90,709Net result 2021: €64,661€64,661Operating result 2022: €139,311€139,311Net result 2022: €102,441€102,441Operating result 2023: €100,409€100,409Net result 2023: €69,869€69,869Operating result 2024: €45,848€45,848Net result 2024: €20,274€20,274Operating result 2025: €1,220€1,220Net result 2025: -€13,036-€13,03620212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €100,409€100,000Net result 2023: €69,869€69,900Operating result 2024: €45,848€45,800Net result 2024: €20,274€20,300Operating result 2025: €1,220€1,220Net result 2025: -€13,036-€13,000202320242025
The operating result has fallen three years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity €264,647 ▼ 4.7%
Debt €868,745 ▲ 57.2%
Debt's share of the balance-sheet total rises from 66.6% to 76.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€9,115▼
2024 · €53,942
Cash flow
-€5,141▼
2024 · €28,368
Debt to equity
3.28▲
2024 · 1.99
ROE
-4.9%▼
2024 · 7.3%
Interest coverage
0.64▼
2024 · 3.55
Debt ≤ 1 year
€239,528▲
2024 · €133,134
Debt > 1 year
€350,000▼
2024 · €353,145
Income taxes
€0▼
2024 · €10,386
Staff costs
€116,829▲
2024 · €112,567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
4.3% went bankrupt
3.9% stopped otherwise
91% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 1,548 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€830,180€1.1m▲
Formation expenses20€0-
Fixed assets21/28€7,895-
Intangible fixed assets21€0-
Tangible fixed assets22/27€7,895-
Leasing and similar rights25€7,895-
Current assets29/58€822,285€1.1m▲
Amounts receivable within one year40/41€783,804€777,431▼
Trade receivables40€773,587€757,817▼
Other amounts receivable41€10,217€19,614▲
Cash at bank and in hand54/58€35,460€355,874▲
Deferred charges and accrued income490/1€3,021€86▼
Equity and liabilities
Total equity and liabilities10/49€830,180€1.1m▲
Equity10/15€277,683€264,647▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€257,683€244,647▼
Amounts payable17/49€552,497€868,745▲
Amounts payable after more than one year17€353,145€350,000▼
Financial debts170/4€3,145-
Other amounts payable178/9€350,000€350,000=
Amounts payable within one year42/48€133,134€239,528▲
Trade debts44€87,625€107,474▲
Suppliers440/4€87,625€107,474▲
Taxes, remuneration and social security45€45,509€132,054▲
Taxes450/3€27,743€119,071▲
Remuneration and social security454/9€17,766€12,983▼
Accrued charges and deferred income492/3€66,217€279,217▲
Income statement Code20242025
Remuneration, social security and pensions62€112,567€116,829▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,094€7,895▼
Other operating charges640/8€704€407▼
Gross operating margin9900€167,213€126,352▼
Operating profit (loss)9901€45,848€1,220▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€15,188€14,258▼
Recurring financial charges65€15,188€14,258▼
Profit (loss) for the period before taxes9903€30,660-€13,036▼
Income taxes67/77€10,386€0▼
Profit (loss) for the period9904€20,274-€13,036▼
Profit (loss) for the period to be appropriated9905€20,274-€13,036▼
Appropriation of the result
Profit (loss) to be appropriated9906€257,683€244,647▼
Profit (loss) brought forward from the previous period14P€237,409€257,683▲
Social balance
Average headcount (FTE)90871.01.0=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€87,413€98,170€114,742€112,567€116,829▲ 3.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288€8,102€8,102€8,094€7,895▼ 2.5%
Other operating charges640/8€1,578€344€4,894€704€407▼ 42.2%
Gross operating margin9900€179,988€245,927€228,147€167,213€126,352▼ 24.4%
Operating profit (loss)9901€90,709€139,311€100,409€45,848€1,220▼ 97.3%
Financial income75/76B-€1,431€0€0€2▲ 9,200%
Recurring financial income75-€1,431€0€0€2▲ 9,200%
Financial charges65/66B€1,530€1,982€3,643€15,188€14,258▼ 6.1%
Recurring financial charges65€1,530€1,982€3,643€15,188€14,258▼ 6.1%
Profit (loss) for the period before taxes9903€89,179€138,759€96,766€30,660-€13,036▼ 143%
Income taxes67/77€24,519€36,318€26,897€10,386€0▼ 100%
Profit (loss) for the period9904€64,661€102,441€69,869€20,274-€13,036▼ 164%
Profit (loss) for the period to be appropriated9905€64,661€102,441€69,869€20,274-€13,036▼ 164%
Line20212022202320242025Change
Assets
Total assets20/58€488,565€462,739€1.0m€830,180€1.1m▲ 36.5%
Formation expenses20€855€567€280€0--
Fixed assets21/28-€23,523€15,709€7,895--
Intangible fixed assets21---€0--
Tangible fixed assets22/27-€23,523€15,709€7,895--
Leasing and similar rights25-€23,523€15,709€7,895--
Current assets29/58€487,709€438,648€993,534€822,285€1.1m▲ 37.8%
Amounts receivable within one year40/41€482,289€371,519€977,041€783,804€777,431▼ 0.8%
Trade receivables40€475,193€371,519€976,438€773,587€757,817▼ 2.0%
Other amounts receivable41€7,095-€603€10,217€19,614▲ 92.0%
Cash at bank and in hand54/58€5,421€67,061€16,492€35,460€355,874▲ 904%
Deferred charges and accrued income490/1-€68-€3,021€86▼ 97.2%
Equity and liabilities
Total equity and liabilities10/49€488,565€462,739€1.0m€830,180€1.1m▲ 36.5%
Equity10/15€85,099€187,540€257,409€277,683€264,647▼ 4.7%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14€65,099€167,540€237,409€257,683€244,647▼ 5.1%
Amounts payable17/49€403,466€275,199€752,113€552,497€868,745▲ 57.2%
Amounts payable after more than one year17-€21,221€361,819€353,145€350,000▼ 0.9%
Financial debts170/4-€21,221€11,819€3,145--
Other amounts payable178/9--€350,000€350,000€350,000=
Amounts payable within one year42/48€323,720€174,497€333,950€133,134€239,528▲ 79.9%
Trade debts44€258,101€123,548€271,292€87,625€107,474▲ 22.7%
Suppliers440/4€258,101€123,548€271,292€87,625€107,474▲ 22.7%
Taxes, remuneration and social security45€13,119€50,950€62,658€45,509€132,054▲ 190%
Taxes450/3€3,703€38,800€53,174€27,743€119,071▲ 329%
Remuneration and social security454/9€9,416€12,149€9,484€17,766€12,983▼ 26.9%
Other amounts payable47/48€52,500-----
Accrued charges and deferred income492/3€79,746€79,480€56,345€66,217€279,217▲ 322%
Line20212022202320242025Change
Profit (loss) for the period9904€64,661€102,441€69,869€20,274-€13,036▼ 164%
+ Depreciation and write-downs630€288€8,102€8,102€8,094€7,895▼ 2.5%
Operating cash flow (approximation)€64,949€110,543€77,971€28,368-€5,141▼ 118%
Investment in fixed assets (approximation)---€288-€280--
Change in cash-€61,640-€50,569€18,968€320,414▲ 1,589%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
2025
31-12
Financial Weakest financial yearnet -€13,036
Net result drops to -€13,036, the lowest in the series.
27-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 58 days late
2024
31-12
Financial Liquidity doublescurrent ratio 6.18
Current ratio from 2.98 to 6.18; short-term debt falls from €333,950 to €133,134.
25-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
31-12
Financial Equity above €200,000Eq €257,409 ▲37.3%
4 profitable years in a row build equity to €257,409.
18-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 49 days late
2022
31-12
Financial Highest result since 2020net €102,441 ▲58.4%
Operating result €139,311, net result €102,441, both a record.
31-12
Financial Equity above €150,000Eq €187,540 ▲120%
3 profitable years in a row build equity to €187,540.
23-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Paliseul · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
7,070 m²
Building footprint
397 m²
Volume, LiDAR
2,367 m³
Parcel 84048A0054/00P000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Besace, Our 14, 6852 Paliseul
Specialised construction activities
since 20192.297.743.027
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
84048A0054/00P000 Wallonia 7,070 m² 1 · 397 m² 9.4 m · 2 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 11,364 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
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0739587485
Also 9925:BE0739587485

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.