Renofield
ActiveSummary
Renofield has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,939 and a net result of €12,436. Equity is shrinking by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 2220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability70▼-4
Solvency35▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.0 in 2023; short-term debt: 86.8% and cash: 4.3% of total assets), and 89.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
10.5%
Return on assets
0.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2220 sector peers (2025).
NBB · sector comparisonPosition among 2220 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2023
on the day
2022
on the day
2021
5 d early
2020
5 d early
2019
3 d early
2018
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2023 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Houthulst, Construction sector
Equity
€203,939▲ 6.5%
2023 · €191,503
Total assets
€1.9m▼ 40.3%
2023 · €3.3m
Net result
€12,436▼ 90.6%
2023 · €131,751
Working capital
€105,159
2023 · -€345
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€484,509▲ 109%€818,842▲ 69.0%€579,395▼ 29.2%€191,531▼ 66.9%€16,099-
Net result€374,974above the sector's middle half▲ 101%€603,591above the sector's middle half▲ 61.0%€419,125above the sector's middle half▼ 30.6%€131,751above the sector's middle half▼ 68.6%€12,436within the sector's middle half-
Equity€587,035within the sector's middle half▲ 62.1%€1.2mabove the sector's middle half▲ 103%€1.6mabove the sector's middle half▲ 35.2%€191,503within the sector's middle half▼ 88.1%€203,939within the sector's middle half-
Total assets€2.1mabove the sector's middle half▲ 32.2%€3.1mabove the sector's middle half▲ 48.2%€3.7mabove the sector's middle half▲ 19.3%€3.3mabove the sector's middle half▼ 11.2%€1.9mabove the sector's middle half-
Debt€1.5m▲ 23.2%€1.9m▲ 26.7%€2.1m▲ 9.2%€3.1m▲ 48.8%€1.7m-
Working capital€279,722within the sector's middle half▲ 603%€765,712above the sector's middle half▲ 174%€1.3mabove the sector's middle half▲ 73.2%-€345below the sector's middle half€105,159within the sector's middle half-
Solvency28.3%within the sector's middle half▲ 5.2pp38.7%within the sector's middle half▲ 10.4pp43.9%within the sector's middle half▲ 5.2pp5.9%below the sector's middle half▼ 38.0pp10.5%below the sector's middle half-
Current ratio1.21within the sector's middle half▲ 0.171.41within the sector's middle half▲ 0.191.65within the sector's middle half▲ 0.241.00below the sector's middle half▼ 0.651.06within the sector's middle half-
Return on assets (ROA)18.1%above the sector's middle half▲ 6.2pp19.6%above the sector's middle half▲ 1.6pp11.4%above the sector's middle half▼ 8.2pp4.0%within the sector's middle half▼ 7.4pp0.6%within the sector's middle half-
Staff (FTE)4.8within the sector's middle half▼ 21.3%4.7within the sector's middle half▼ 2.1%6.3within the sector's middle half▲ 34.0%10.7above the sector's middle half▲ 69.8%6within 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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €16,099 in 2025, compared with €191,531 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€152,489 ▼ 51.0%
Current assets
€1.8m ▼ 39.2%
Equity and liabilities €1.9m
Equity
€203,939 ▲ 6.5%
Debt
€1.7m ▼ 43.2%
Debt's share of the balance-sheet total falls from 94.1% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118,681▼
2023 · €235,544
Cash flow
€115,019▼
2023 · €175,764
Debt to equity
8.54▼
2023 · 16.02
ROE
6.1%▼
2023 · 68.8%
Interest coverage
6.85▼
2023 · 39.57
Debt ≤ 1 year
€1.7m▼
2023 · €2.9m
Debt > 1 year
€53,709▼
2023 · €119,494
Income taxes
€3,767▼
2023 · €54,748
Staff costs
€1.3m▲
2023 · €827,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 3,984 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
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €39,206 | €15,937 | - |
| Remuneration, social security and pensions62 | - | - | €455,799 | €827,607 | €1.3m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,140 | €69,233 | €41,296 | €44,013 | €102,583 | - |
| Other operating charges640/8 | - | - | €5,367 | €43,007 | €13,284 | - |
| Non-recurring operating charges66A | - | - | - | - | €145 | - |
| Gross operating margin9900 | €920,857 | €1.2m | €1.1m | €1.1m | €1.4m | - |
| Operating profit (loss)9901 | €484,509 | €818,842 | €579,395 | €191,531 | €16,099 | - |
| Financial income75/76B | - | - | - | €922 | €44,854 | - |
| Recurring financial income75 | €3,306 | €949 | - | €922 | €44,854 | - |
| Financial charges65/66B | - | - | €3,974 | €5,953 | €44,749 | - |
| Recurring financial charges65 | €5,377 | €5,727 | €3,974 | €5,953 | €17,317 | - |
| Non-recurring financial charges66B | - | - | - | - | €27,433 | - |
| Profit (loss) for the period before taxes9903 | €482,439 | €814,064 | €575,421 | €186,500 | €16,204 | - |
| Income taxes67/77 | €107,464 | €210,473 | €156,295 | €54,748 | €3,767 | - |
| Profit (loss) for the period9904 | €374,974 | €603,591 | €419,125 | €131,751 | €12,436 | - |
| Profit (loss) for the period to be appropriated9905 | €374,974 | €603,591 | €419,125 | €131,751 | €12,436 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €3.1m | €3.7m | €3.3m | €1.9m | - |
| Fixed assets21/28 | €488,572 | €424,915 | €293,520 | €311,342 | €152,489 | - |
| Intangible fixed assets21 | €11,012 | €6,964 | €2,916 | €34,135 | €20,409 | - |
| Tangible fixed assets22/27 | €477,423 | €417,814 | €285,900 | €272,929 | €132,018 | - |
| Land and buildings22 | - | - | €183,166 | - | - | - |
| Plant, machinery and equipment23 | - | - | €25,476 | €15,642 | €2,600 | - |
| Furniture and vehicles24 | - | - | €57,075 | €126,165 | €59,728 | - |
| Leasing and similar rights25 | - | - | - | €131,122 | €69,690 | - |
| Other tangible fixed assets26 | - | - | €20,183 | - | - | - |
| Financial fixed assets28 | €137 | €137 | €4,703 | €4,278 | €62 | - |
| Current assets29/58 | €1.6m | €2.7m | €3.4m | €2.9m | €1.8m | - |
| Amounts receivable within one year40/41 | €490,643 | €722,951 | €983,023 | €1.8m | €1.7m | - |
| Trade receivables40 | - | - | €256,615 | €521,556 | €916,752 | - |
| Other amounts receivable41 | - | - | €726,407 | €1.2m | €782,282 | - |
| Cash at bank and in hand54/58 | €1.1m | €1.9m | €2.4m | €1.2m | €83,775 | - |
| Deferred charges and accrued income490/1 | - | - | €4,529 | €15,945 | €9,499 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €3.1m | €3.7m | €3.3m | €1.9m | - |
| Equity10/15 | €587,035 | €1.2m | €1.6m | €191,503 | €203,939 | - |
| Contributions10/11 | - | - | €50,000 | €50,000 | €50,000 | - |
| Reserves13 | €537,035 | €1.1m | €1.6m | €141,503 | €153,939 | - |
| Non-distributable reserves130/1 | - | - | €7,480 | €7,480 | €7,480 | - |
| Reserves not available under the articles1311 | - | - | €7,000 | €7,000 | €7,000 | - |
| Other1319 | - | - | €480 | €480 | €480 | - |
| Distributable reserves133 | - | - | €1.6m | €134,023 | €146,459 | - |
| Amounts payable17/49 | €1.5m | €1.9m | €2.1m | €3.1m | €1.7m | - |
| Amounts payable after more than one year17 | €164,166 | - | €10,003 | €119,494 | €53,709 | - |
| Financial debts170/4 | - | - | €10,003 | €119,494 | €53,709 | - |
| Amounts payable within one year42/48 | €1.3m | €1.9m | €2.1m | €2.9m | €1.7m | - |
| Current portion of amounts payable after more than one year42 | - | - | €4,139 | €43,013 | €39,627 | - |
| Trade debts44 | €27,083 | €45,514 | €224,843 | €216,739 | €79,970 | - |
| Suppliers440/4 | - | - | €224,843 | €216,739 | €79,970 | - |
| Advances received on contracts in progress46 | - | - | €1.7m | €2.4m | €1.5m | - |
| Taxes, remuneration and social security45 | - | - | €131,436 | €237,259 | €94,956 | - |
| Taxes450/3 | - | - | €56,760 | €98,111 | €22,669 | - |
| Remuneration and social security454/9 | - | - | €74,677 | €139,148 | €72,287 | - |
| Other amounts payable47/48 | - | - | €614 | €3,204 | €2,350 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €374,974 | €603,591 | €419,125 | €131,751 | €12,436 | - |
| + Depreciation and write-downs630 | €84,140 | €69,233 | €41,296 | €44,013 | €102,583 | - |
| Operating cash flow (approximation) | €459,114 | €672,824 | €460,421 | €175,764 | €115,019 | - |
| Investment in fixed assets (approximation) | - | -€5,576 | €90,099 | -€61,836 | - | - |
| Change in cash | - | €833,263 | €463,011 | -€1.2m | - | - |
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
2026
09-06
State Gazette act
Permanent representative: Gino Lippens4 facts ▸
State Gazette act
Permanent representative: Gino Lippens
4 facts ▸
- General meeting, 11-05-2026
- Permanent representative, Gino Lippens (permanent representative)
- Other statement, bestuurder, officer resignation
- Other statement, bestuurder, officer discharge
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €12,436 ▼90.6%
Net result drops to €12,436, the lowest in the series.
31-03
Financial
Equity above €200,000Eq €203,939 ▲6.5%
6 profitable years in a row build equity to €203,939.
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €603,591 ▲61%
Operating result €818,842, net result €603,591, both a record.
30-06
Financial
Equity above €1mEq €1.2m ▲103%
3 profitable years in a row build equity to €1.2m.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €500,000Eq €587,035 ▲62.1%
2 profitable years in a row build equity to €587,035.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
14-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
23 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Houthulst · 1 establishment unit since 1999
Ground area
5.4 ha
Building footprint
2,134 m²
Volume, LiDAR
12,304 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
RENOFIELD
since 19992.092.403.529
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0660/00Y002 ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗ |
Flanders | 5.3 ha | 1 · 2,087 m² | 8.4 m · 2 fl. |
| 32009B0156/00Y000 | Flanders | 771 m² | 1 · 47 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- Renov8
- Renofield
Highest known parent: Renov8. The sources do not say who stands above it.
Owners 1
- Renov8parent100%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 27,939 EUR awarded · 15,290 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 25,149 EUR | 12,500 EUR |
| 2022 | 1 | 2,790 EUR | 2,790 EUR |
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,048 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
Founded04-07-1999
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466539118
Also
9925:BE0466539118
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.