Renofinish
ActiveRenofinish has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209k and a net result of €43k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+11
Solvency99▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 5.12 in 2023; short-term debt: 25.7% and cash: 0.4% of total assets), and 25.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
31 d late
2022
31 d late
2021
71 d late
2020
16 d late
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€209k▲ 24.6%
2023 · €168k
2018: €131k
2019: €131k
2020: €131k
2021: €140k
2022: €159k
2023: €168k
2018 → 2024
Total assets
€282k▲ 35.4%
2023 · €208k
2018: €186k
2019: €140k
2020: €140k
2021: €171k
2022: €187k
2023: €208k
2018 → 2024
Net result
€43k▲ 200%
2023 · €14k
2018: €16k
2019: €316
2020: €670
2021: €9k
2022: €25k
2023: €14k
2018 → 2024
Working capital
€210k▲ 25.4%
2023 · €167k
2018: €117k
2019: €128k
2020: €130k
2021: €139k
2022: €159k
2023: €167k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€131k-€140k▲ 6.7%€159k▲ 13.8%€168k▲ 5.2%€209k▲ 24.6%
Operating result€2k-€11k▲ 627%€31k▲ 177%€15k▼ 49.6%€56k▲ 262%
Net result€670-€9k▲ 1,216%€25k▲ 187%€14k▼ 43.3%€43k▲ 200%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 262% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €282k
Equity
€209k▲ 24.6%
Debt
€73k▲ 79.8%
The debt ratio rises from 19.5% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2023 · €16k
Cash flow
€43k▲
2023 · €15k
Solvency
74.1%▼
2023 · 80.5%
Current ratio
3.90▼
2023 · 5.12
Quick ratio
3.90▼
2023 · 5.12
Debt / equity
0.35▲
2023 · 0.24
ROE
20.5%▲
2023 · 8.5%
ROA
15.2%▲
2023 · 6.9%
Interest coverage
16.07▲
2023 · 9.93
Debt
€73k▲
2023 · €41k
Debt ≤ 1 year
€72k▲
2023 · €41k
Income taxes
€17k▲
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€208k€282k▲
Fixed assets21/28€500€0▼
Tangible fixed assets22/27€0-
Plant, machinery and equipment23€0-
Financial fixed assets28€500€0▼
Current assets29/58€208k€282k▲
Amounts receivable within one year40/41€207k€281k▲
Trade receivables40€86k€177k▲
Other amounts receivable41€121k€104k▼
Cash at bank and in hand54/58€949€1k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€208k€282k▲
Equity10/15€168k€209k▲
Contributions10/11€12k€12k=
Reserves13€124k€167k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€123k€166k▲
Profit (loss) carried forward14€31k€29k▼
Amounts payable17/49€41k€73k▲
Amounts payable within one year42/48€41k€72k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€15k€38k▲
Taxes450/3€15k€38k▲
Other amounts payable47/48€24k€2k▼
Accrued charges and deferred income492/3-€641
Income statement
Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€283€0▼
Other operating charges640/8€516€2k▲
Gross operating margin9900€16k€57k▲
Operating profit (loss)9901€15k€56k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€18k€60k▲
Income taxes67/77€3k€17k▲
Profit (loss) for the period9904€14k€43k▲
Profit (loss) for the period to be appropriated9905€14k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€74k▲
Profit (loss) brought forward from the previous period14P€31k€31k=
Transfer to equity691/2€8k€43k▲
To other reserves6921€8k€43k▲
Profit to be distributed694/7€6k€2k▼
Return on contributions (dividend)694-€2k
Directors or managers695€6k€0▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €43k ▲200%
Operating result €56k, net result €43k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲24.6%
7 profitable years in a row build equity to €209k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €159k ▲13.8%
5 profitable years in a row build equity to €159k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 71 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €316 ▼98%
Net result drops to €316, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 15.32
Current ratio from 3.16 to 15.32; short-term debt falls from €54k to €9k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2014
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.
Gentstraat 759041 GentGround area
932 m²
Building footprint
185 m²
Volume, LiDAR
1,573 m³
Parcel 44051D0769/00T000, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Renofinish
since 20142.239.271.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051D0769/00T000 | Flanders | 931 m² | 1 · 185 m² | 9.3 m · 3 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.
Similar companies · same sector, comparable size
BADMEESTER
BE 0712.734.224
Lochristi · Eq €209k
DimmoF
BE 0867.556.023
Izegem · Eq €209k
GE Immo
BE 0880.761.483
Manage · Eq €209k
SWIM - FUN
BE 0892.828.877
Deerlijk · Eq €209k
SERGECO
BE 0884.065.720
Châtelet · Eq €209k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,802 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-09-2014
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.