RENOTRANSFORME
ActiveRENOTRANSFORME has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €-46k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 91% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-13
Solvency100=
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.98 against 14.17 in 2023), and 13.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
86.2%
Return on assets
-33%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
208 d late
2023
68 d late
2022
26 d early
2021
32 d late
2020
28 d late
2019
39 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€120k▼ 27.7%
2023 · €166k
2018: €121k
2019: €132k
2020: €138k
2021: €161k
2022: €162k
2023: €166k
2018 → 2024
Total assets
€139k▼ 21.8%
2023 · €178k
2018: €173k
2019: €169k
2020: €184k
2021: €211k
2022: €190k
2023: €178k
2018 → 2024
Net result
€-46k
2023 · €4k
2018: €19k
2019: €12k
2020: €6k
2021: €23k
2022: €448
2023: €4k
2018 → 2024
Working capital
€115k▼ 27.4%
2023 · €158k
2018: €115k
2019: €118k
2020: €115k
2021: €139k
2022: €146k
2023: €158k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€138k-€161k▲ 16.6%€162k▲ 0.3%€166k▲ 2.7%€120k▼ 27.7%
Operating result€5k-€28k▲ 436%€2k▼ 91.9%€6k▲ 151%€-47k
Net result€6k-€23k▲ 294%€448▼ 98.1%€4k▲ 858%€-46k
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 2024: a loss of €47k after €6k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€5k▼ 34.0%
Current assets
€134k▼ 21.2%
Equity and liabilities €139k
Equity
€120k▼ 27.7%
Debt
€19k▲ 59.4%
The debt ratio rises from 6.8% to 13.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-42k▼
2023 · €11k
Cash flow
€-41k▼
2023 · €9k
Solvency
86.2%▼
2023 · 93.2%
Current ratio
6.98▼
2023 · 14.17
Quick ratio
6.98▼
2023 · 14.17
Debt / equity
0.16▲
2023 · 0.07
ROE
-38.2%▼
2023 · 2.6%
ROA
-33.0%▼
2023 · 2.4%
Interest coverage
-243.32▼
2023 · 23.77
Debt
€19k▲
2023 · €12k
Debt ≤ 1 year
€19k▲
2023 · €12k
Income taxes
€195▼
2023 · €2k
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€178k€139k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€1k€725▼
Furniture and vehicles24-€3k
Leasing and similar rights25€5k-
Financial fixed assets28€1k€1k=
Current assets29/58€170k€134k▼
Amounts receivable within one year40/41€139k€133k▼
Trade receivables40€21k€11k▼
Other amounts receivable41€118k€121k▲
Cash at bank and in hand54/58€18k€496▼
Deferred charges and accrued income490/1€13k€1k▼
Equity and liabilities
Total equity and liabilities10/49€178k€139k▼
Equity10/15€166k€120k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€158k€112k▼
Amounts payable17/49€12k€19k▲
Amounts payable within one year42/48€12k€19k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€201€4k▲
Accrued charges and deferred income492/3€33-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€6k€7k▲
Gross operating margin9900€17k€-34k▼
Operating profit (loss)9901€6k€-47k▼
Financial income75/76B€499€1k▲
Recurring financial income75€499€1k▲
Financial charges65/66B€458€172▼
Recurring financial charges65€458€172▼
Profit (loss) for the period before taxes9903€6k€-46k▼
Income taxes67/77€2k€195▼
Profit (loss) for the period9904€4k€-46k▼
Profit (loss) for the period to be appropriated9905€4k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€158k€112k▼
Profit (loss) brought forward from the previous period14P€154k€158k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 208 days late
2024
31-12
Financial
Weakest financial yearnet €-46k ▼1171%
Net result drops to €-46k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 14.17
Current ratio from 6.50 to 14.17; short-term debt falls from €27k to €12k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-12
Financial
Highest result since 2018net €23k ▲294%
Operating result €28k, net result €23k, both a record.
31-12
Financial
Equity above €150kEq €161k ▲16.6%
4 profitable years in a row build equity to €161k.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 8.69
Current ratio from 3.81 to 8.69; short-term debt falls from €41k to €15k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Waterloo · 1 establishment unit since 2006
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.
Rue Verbeek(Michel) 261410 Waterloo1 establishment unit
Rue Verbeek(Michel) 26, 1410 Waterloo
since 20062.158.411.237
Similar companies · same sector, comparable size
JARO SCHRIJNWERKERIJ
BE 0758.620.667
Hoogstraten · Eq €120k
ART - CHASSIS
BE 0443.977.512
Binche · Eq €120k
BOURDEAUD'HUY - THIENPONT
BE 0442.679.393
Horebeke · Eq €120k
Atelier JFW
BE 0881.030.214
Tournai · Eq €120k
DVO Construct
BE 0811.715.992
Sint-Niklaas · Eq €120k
Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 7,661 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2006
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43341Painting of buildings
43990Other specialised construction activities
43999Specialised construction activities
45250
45422
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.