RENOLA
ActiveThe computed 12-month bankruptcy probability of RENOLA is 2.4% (moderate). The annual accounts of RENOLA for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €29k and a net result of €-61k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27711 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
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-65
Solvency29▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.41 against 1.32 in 2024; short-term debt: 59.4% and cash: 20.6% of total assets), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.8%
Return on assets
-7.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
4 d late
2023
1 d early
2022
4 d early
2021
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 67.7%
2024 · €90k
2021: €-6k
2022: €89k
2023: €69k
2024: €90k
2021 → 2025
Total assets
€773k▲ 55.6%
2024 · €497k
2021: €494k
2022: €502k
2023: €391k
2024: €497k
2021 → 2025
Net result
€-61k
2024 · €21k
2021: €-46k
2022: €96k
2023: €-20k
2024: €21k
2021 → 2025
Working capital
€189k▲ 121%
2024 · €85k
2021: €-34k
2022: €99k
2023: €51k
2024: €85k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€89k€69k▼ 22.3%€90k▲ 30.0%€29k▼ 67.7%
Operating result€-39k-€126k€-15k€29k€-44k
Net result€-46k-€96k€-20k€21k€-61k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44k after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773k
Fixed assets
€125k▼ 12.0%
Current assets
€648k▲ 82.7%
Equity and liabilities €773k
Equity
€29k▼ 67.7%
Debt
€744k▲ 82.9%
The debt ratio rises from 81.8% to 96.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-27k▼
2024 · €46k
Cash flow
€-44k▼
2024 · €38k
Solvency
3.8%▼
2024 · 18.2%
Current ratio
1.41▲
2024 · 1.32
Quick ratio
0.77▼
2024 · 0.97
Debt / equity
25.54▲
2024 · 4.51
ROE
-209.8%▼
2024 · 23.1%
ROA
-7.9%▼
2024 · 4.2%
Interest coverage
-1.60▼
2024 · 8.16
Debt
€744k▲
2024 · €407k
Debt ≤ 1 year
€460k▲
2024 · €269k
Debt > 1 year
€135k▼
2024 · €138k
Income taxes
€816▼
2024 · €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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€497k€773k▲
Fixed assets21/28€142k€125k▼
Tangible fixed assets22/27€142k€125k▼
Land and buildings22€90k€87k▼
Furniture and vehicles24€52k€39k▼
Current assets29/58€355k€648k▲
Stocks and contracts in progress3€93k€293k▲
Stocks30/36€93k€293k▲
Amounts receivable within one year40/41€199k€195k▼
Trade receivables40€10k€0▼
Other amounts receivable41€189k€195k▲
Cash at bank and in hand54/58€62k€160k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€497k€773k▲
Equity10/15€90k€29k▼
Contributions10/11€40k€40k=
Reserves13€96k€96k=
Distributable reserves133€96k€96k=
Profit (loss) carried forward14€-45k€-106k▼
Amounts payable17/49€407k€744k▲
Amounts payable after more than one year17€138k€135k▼
Financial debts170/4€55k€49k▼
Other amounts payable178/9€83k€86k▲
Amounts payable within one year42/48€269k€460k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€50k€250k▲
Credit institutions430/8€50k€250k▲
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€197k€195k▼
Accrued charges and deferred income492/3-€150k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€3k€9k▲
Gross operating margin9900€50k€-18k▼
Operating profit (loss)9901€29k€-44k▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€6k€17k▲
Recurring financial charges65€6k€17k▲
Profit (loss) for the period before taxes9903€24k€-60k▼
Income taxes67/77€3k€816▼
Profit (loss) for the period9904€21k€-61k▼
Profit (loss) for the period to be appropriated9905€21k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-106k▼
Profit (loss) brought forward from the previous period14P€-66k€-45k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €-61k ▼393%
Net result drops to €-61k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pittem · 1 establishment unit since 2019
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.
Steenovenstraat 38740 PittemGround area
3,566 m²
Building footprint
193 m²
Volume, LiDAR
1,304 m³
Parcel 37011D0357/00D000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RENOLA
since 20192.290.994.894
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011D0357/00D000 | Flanders | 3,566 m² | 1 · 193 m² | 11.0 m · 2 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
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DE KLUSCENTRALE
BE 0564.861.187
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ADC-PRO
BE 1011.366.441
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INN
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Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end30-06
Activities, NACEBEL
43350Other building finishing work
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.