RENOV HD
ActiveSummary
The computed 12-month bankruptcy probability of RENOV HD is 3.9% (moderate). The 2024 annual accounts show equity of €181,799 and a net result of €30,079. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 36378 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
Profitability86▲+3
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 5.67 against 3.41 in 2023; short-term debt: 14.3% and cash: 28.5% of total assets), and 16.7% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-07-2025, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
148 d late
2022
144 d late
2021
153 d late
2020
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 106 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€181,799▲ 19.8%
2023 · €151,721
Total assets
€218,297▼ 0.7%
2023 · €219,862
Net result
€30,079▲ 21.2%
2023 · €24,810
Working capital
€146,336▲ 20.6%
2023 · €121,352
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,582-€30,119€111,779▲ 271%€29,693▼ 73.4%€41,705▲ 40.5%
Net result-€1,582below the sector's middle half-€23,769within the sector's middle half€86,724above the sector's middle half▲ 265%€24,810within the sector's middle half▼ 71.4%€30,079above the sector's middle half▲ 21.2%
Equity€16,418below the sector's middle half-€40,187within the sector's middle half▲ 145%€126,910within the sector's middle half▲ 216%€151,721above the sector's middle half▲ 19.5%€181,799above the sector's middle half▲ 19.8%
Total assets€18,418below the sector's middle half-€72,956within the sector's middle half▲ 296%€193,829within the sector's middle half▲ 166%€219,862within the sector's middle half▲ 13.4%€218,297within the sector's middle half▼ 0.7%
Debt€2,000-€32,769▲ 1,538%€66,918▲ 104%€68,142▲ 1.8%€36,498▼ 46.4%
Working capital€16,418within the sector's middle half-€38,991within the sector's middle half▲ 137%€101,680above the sector's middle half▲ 161%€121,352above the sector's middle half▲ 19.3%€146,336above the sector's middle half▲ 20.6%
Solvency89.1%above the sector's middle half-55.1%within the sector's middle half▼ 34.1pp65.5%within the sector's middle half▲ 10.4pp69.0%above the sector's middle half▲ 3.5pp83.3%above the sector's middle half▲ 14.3pp
Current ratio9.21above the sector's middle half-2.19within the sector's middle half▼ 7.022.76within the sector's middle half▲ 0.573.41above the sector's middle half▲ 0.655.67above the sector's middle half▲ 2.27
Return on assets (ROA)-8.6%below the sector's middle half-32.6%above the sector's middle half▲ 41.2pp44.7%above the sector's middle half▲ 12.2pp11.3%within the sector's middle half▼ 33.5pp13.8%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 40% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €218,297
Fixed assets
€40,650 ▼ 15.5%
Current assets
€177,647 ▲ 3.4%
Equity and liabilities €218,297
Equity
€181,799 ▲ 19.8%
Debt
€36,498 ▼ 46.4%
Debt's share of the balance-sheet total falls from 31.0% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,261▲
2023 · €40,327
Cash flow
€43,634▲
2023 · €35,445
Debt to equity
0.20▼
2023 · 0.45
ROE
16.5%▲
2023 · 16.4%
Interest coverage
35.08▲
2023 · 23.35
Debt ≤ 1 year
€31,311▼
2023 · €50,419
Debt > 1 year
€5,186▼
2023 · €17,723
Income taxes
€10,052▲
2023 · €6,139
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 26,975 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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €99,911 | - | €268,838 | - | - |
| Remuneration, social security and pensions62 | - | €620 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €462 | €6,396 | €10,635 | €13,556 | ▲ 27.5% |
| Other operating charges640/8 | - | €863 | €2,128 | €993 | €998 | ▲ 0.5% |
| Non-recurring operating charges66A | - | €58 | - | €638 | €50 | ▼ 92.2% |
| Gross operating margin9900 | -€1,582 | €32,122 | €120,303 | €41,958 | €56,309 | ▲ 34.2% |
| Operating profit (loss)9901 | -€1,582 | €30,119 | €111,779 | €29,693 | €41,705 | ▲ 40.5% |
| Financial income75/76B | - | - | €4,065 | €2,983 | - | - |
| Recurring financial income75 | - | - | €4,065 | €2,983 | - | - |
| Financial charges65/66B | - | - | €600 | €1,727 | €1,575 | ▼ 8.8% |
| Recurring financial charges65 | - | - | €600 | €1,727 | €1,575 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€1,582 | €30,119 | €115,244 | €30,949 | €40,130 | ▲ 29.7% |
| Income taxes67/77 | - | €6,350 | €28,521 | €6,139 | €10,052 | ▲ 63.7% |
| Profit (loss) for the period9904 | -€1,582 | €23,769 | €86,724 | €24,810 | €30,079 | ▲ 21.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,582 | €23,769 | €86,724 | €24,810 | €30,079 | ▲ 21.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,418 | €72,956 | €193,829 | €219,862 | €218,297 | ▼ 0.7% |
| Fixed assets21/28 | - | €1,196 | €34,410 | €48,092 | €40,650 | ▼ 15.5% |
| Tangible fixed assets22/27 | - | €1,196 | €34,410 | €48,092 | €40,650 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €1,054 | €2,592 | ▲ 146% |
| Furniture and vehicles24 | - | €1,196 | €34,410 | €47,038 | €38,058 | ▼ 19.1% |
| Current assets29/58 | €18,418 | €71,760 | €159,418 | €171,771 | €177,647 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €18,227 | €52,310 | €139,746 | €122,099 | €113,257 | ▼ 7.2% |
| Trade receivables40 | - | €34,185 | €60,743 | €41,549 | €28,482 | ▼ 31.4% |
| Other amounts receivable41 | - | €18,125 | €79,003 | €80,551 | €84,775 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €191 | €19,450 | €17,058 | €45,774 | €62,212 | ▲ 35.9% |
| Deferred charges and accrued income490/1 | - | - | €2,614 | €3,897 | €2,178 | ▼ 44.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,418 | €72,956 | €193,829 | €219,862 | €218,297 | ▼ 0.7% |
| Equity10/15 | €16,418 | €40,187 | €126,910 | €151,721 | €181,799 | ▲ 19.8% |
| Contributions10/11 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Profit (loss) carried forward14 | -€1,582 | €22,187 | €108,910 | €133,721 | €163,799 | ▲ 22.5% |
| Amounts payable17/49 | €2,000 | €32,769 | €66,918 | €68,142 | €36,498 | ▼ 46.4% |
| Amounts payable after more than one year17 | - | - | €9,180 | €17,723 | €5,186 | ▼ 70.7% |
| Financial debts170/4 | - | - | €9,180 | €17,723 | €5,186 | ▼ 70.7% |
| Amounts payable within one year42/48 | €2,000 | €32,769 | €57,738 | €50,419 | €31,311 | ▼ 37.9% |
| Current portion of amounts payable after more than one year42 | - | - | €4,152 | €11,507 | €12,337 | ▲ 7.2% |
| Trade debts44 | - | €12,568 | €17,417 | €8,330 | €4,902 | ▼ 41.2% |
| Suppliers440/4 | - | €12,568 | €17,417 | €8,330 | €4,902 | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | €20,201 | €36,169 | €30,582 | €14,072 | ▼ 54.0% |
| Taxes450/3 | - | €7,303 | €36,169 | €30,582 | €14,072 | ▼ 54.0% |
| Remuneration and social security454/9 | - | €12,899 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,582 | €23,769 | €86,724 | €24,810 | €30,079 | ▲ 21.2% |
| + Depreciation and write-downs630 | - | €462 | €6,396 | €10,635 | €13,556 | ▲ 27.5% |
| Operating cash flow (approximation) | -€1,582 | €24,230 | €93,120 | €35,445 | €43,634 | ▲ 23.1% |
| Investment in fixed assets (approximation) | - | - | -€39,610 | -€24,316 | -€6,114 | ▲ 74.9% |
| Change in cash | - | €19,259 | -€2,392 | €28,717 | €16,437 | ▼ 42.8% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 148 days late
2023
31-12
Financial
Equity above €150,000Eq €151,721 ▲19.5%
3 profitable years in a row build equity to €151,721.
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial
Highest result since 2020net €86,724 ▲265%
Operating result €111,779, net result €86,724, both a record.
31-12
Financial
Equity above €100,000Eq €126,910 ▲216%
2 profitable years in a row build equity to €126,910.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €23,769
Net result €23,769 after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2020
Ground area
219 m²
Building footprint
219 m²
Volume, LiDAR
1,767 m³
Parcel 21526D0025/00X000, Brussels · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RENOV HD
since 20202.347.156.906
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0025/00X000 | Brussels | 219 m² | 1 · 219 m² | 15.6 m · 2 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 15,518 companies in this sector we hold annual accounts for 7,427. 5,943 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
96101Personal service activities
96102Launderettes and laundries for private customers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749587789
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.