Renofafe
ActiveSummary
The computed 12-month bankruptcy probability of Renofafe is 2.0% (moderate). The 2024 annual accounts show equity of €202k and a net result of €63k. Equity is growing by ~46.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+3
Solvency94=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.95 in 2023; short-term debt: 31.2% and cash: 22.8% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
50 d late
2022
1 d late
2021
16 d late
2020
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€202k▲ 44.8%
2023 · €140k
Total assets
€294k▲ 44.3%
2023 · €204k
Net result
€63k▲ 67.6%
2023 · €37k
Working capital
€183k▲ 46.9%
2023 · €125k
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
Line20202021202220232024
Operating result€25k-€-6k€119k€49k▼ 58.6%€88k▲ 78.8%
Net result€19k-€-7k€88k€37k▼ 57.6%€63k▲ 67.6%
Equity€21k-€14k▼ 31.4%€102k▲ 618%€140k▲ 36.5%€202k▲ 44.8%
Total assets€39k-€49k▲ 24.9%€154k▲ 216%€204k▲ 31.9%€294k▲ 44.3%
Debt€18k-€35k▲ 88.3%€52k▲ 50.4%€64k▲ 22.9%€92k▲ 43.0%
Working capital€18k-€10k▼ 46.8%€82k▲ 750%€125k▲ 52.8%€183k▲ 46.9%
Staff (FTE)2.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 79% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €294k
Fixed assets
€19k ▲ 27.4%
Current assets
€275k ▲ 45.6%
Equity and liabilities €294k
Equity
€202k ▲ 44.8%
Debt
€92k ▲ 43.0%
Debt's share of the balance-sheet total falls from 31.4% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€95k▲
2023 · €56k
Cash flow
€69k▲
2023 · €44k
Current ratio
3.00▲
2023 · 2.95
Debt to equity
0.45▼
2023 · 0.46
ROE
30.9%▲
2023 · 26.7%
ROA
21.3%▲
2023 · 18.3%
Interest coverage
1374.11▲
2023 · 99.94
Debt ≤ 1 year
€92k▲
2023 · €64k
Income taxes
€25k▲
2023 · €11k
Staff costs
€122k▲
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | - | - | - |
| Remuneration, social security and pensions62 | - | - | €670 | €45k | €122k | ▲ 172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €4k | €7k | €7k | ▼ 2.8% |
| Other operating charges640/8 | - | €4k | €1k | €3k | €3k | ▲ 6.4% |
| Gross operating margin9900 | €28k | €1k | €125k | €105k | €221k | ▲ 111% |
| Operating profit (loss)9901 | €25k | €-6k | €119k | €49k | €88k | ▲ 78.8% |
| Financial income75/76B | - | €6 | €7 | €8 | €4 | ▼ 52.1% |
| Recurring financial income75 | €4 | €6 | €7 | €8 | €4 | ▼ 52.1% |
| Financial charges65/66B | - | €78 | €716 | €564 | €69 | ▼ 87.7% |
| Recurring financial charges65 | - | €78 | €716 | €564 | €69 | ▼ 87.7% |
| Profit (loss) for the period before taxes9903 | €25k | €-7k | €118k | €49k | €88k | ▲ 80.7% |
| Income taxes67/77 | €6k | - | €30k | €11k | €25k | ▲ 123% |
| Profit (loss) for the period9904 | €19k | €-7k | €88k | €37k | €63k | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-7k | €88k | €37k | €63k | ▲ 67.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €49k | €154k | €204k | €294k | ▲ 44.3% |
| Fixed assets21/28 | €3k | €5k | €21k | €15k | €19k | ▲ 27.4% |
| Tangible fixed assets22/27 | €3k | €5k | €21k | €15k | €19k | ▲ 27.4% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | €4k | ▲ 30.2% |
| Furniture and vehicles24 | - | €5k | €16k | €12k | €15k | ▲ 26.6% |
| Current assets29/58 | €36k | €44k | €134k | €189k | €275k | ▲ 45.6% |
| Amounts receivable within one year40/41 | €15k | €34k | €122k | €159k | €208k | ▲ 30.4% |
| Trade receivables40 | - | €28k | €113k | €150k | €200k | ▲ 33.4% |
| Other amounts receivable41 | - | €6k | €9k | €9k | €7k | ▼ 18.7% |
| Cash at bank and in hand54/58 | €21k | €10k | €12k | €29k | €67k | ▲ 127% |
| Deferred charges and accrued income490/1 | - | €79 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €49k | €154k | €204k | €294k | ▲ 44.3% |
| Equity10/15 | €21k | €14k | €102k | €140k | €202k | ▲ 44.8% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Reserves13 | €19k | €19k | €100k | €138k | €200k | ▲ 45.5% |
| Distributable reserves133 | - | €19k | €100k | €138k | €200k | ▲ 45.5% |
| Profit (loss) carried forward14 | - | €-7k | - | - | - | - |
| Amounts payable17/49 | €18k | €35k | €52k | €64k | €92k | ▲ 43.0% |
| Amounts payable within one year42/48 | €18k | €35k | €52k | €64k | €92k | ▲ 43.0% |
| Trade debts44 | €1k | €19k | €8k | €10k | €39k | ▲ 277% |
| Suppliers440/4 | - | €19k | €8k | €10k | €39k | ▲ 277% |
| Taxes, remuneration and social security45 | - | €6k | €33k | €38k | €37k | ▼ 2.9% |
| Taxes450/3 | - | €6k | €31k | €38k | €37k | ▼ 2.9% |
| Remuneration and social security454/9 | - | - | €3k | - | - | - |
| Other amounts payable47/48 | - | €9k | €11k | €16k | €16k | ▲ 1.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-7k | €88k | €37k | €63k | ▲ 67.6% |
| + Depreciation and write-downs630 | €3k | €4k | €4k | €7k | €7k | ▼ 2.8% |
| Operating cash flow (approximation) | €22k | €-3k | €92k | €44k | €69k | ▲ 56.4% |
| Investment in fixed assets (approximation) | - | €-6k | €-20k | €-1k | €-11k | ▼ 722% |
| Change in cash | - | €-11k | €1k | €18k | €38k | ▲ 109% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Equity above €200kEq €202k ▲44.8%
3 profitable years in a row build equity to €202k.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.57
Current ratio from 1.28 to 2.57.
31-12
Financial
Equity above €100kEq €102k ▲618%
Equity rises from €14k to €102k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2020
Ground area
167 m²
Building footprint
71 m²
Volume, LiDAR
574 m³
Parcel 11342A0068/00Y003, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Renofafe
since 20202.305.474.917
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0068/00Y003 | Flanders | 167 m² | 1 · 71 m² | 11.0 m · 3 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 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,049 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
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.