RENOV-TM
ActiveThe computed 12-month bankruptcy probability of RENOV-TM is 1.8% (moderate). The 2024 annual accounts show equity of €43k and a net result of €5k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 9982 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+8
Solvency95▲+22
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 6.46 against 1.93 in 2023; short-term debt: 9.6% and cash: 15.7% of total assets), and 30.1% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
69.9%
Return on assets
8.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
31 d late
2022
24 d late
2021
30 d late
2020
124 d late
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€281k▲ 17.0%
2018 · €240k
2018: €240k
2018 → 2019
EBIT margin
7.8%▲ 3.4pp
2018 · 4.4%
2018: 4.4%
2018 → 2019
Net result
€5k▲ 208%
2023 · €2k
2018: €8k
2019: €17k
2020: €-8k
2021: €-15k
2022: €329
2023: €2k
2018 → 2024
Working capital
€32k▲ 53.4%
2023 · €21k
2018: €49k
2019: €61k
2020: €56k
2021: €43k
2022: €40k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€51k▼ 22.3%€51k▲ 0.6%€38k▼ 26.1%€43k▲ 13.6%
Operating result€-7k-€-14k▼ 95.7%€2k€3k▲ 40.9%€7k▲ 155%
Net result€-8k-€-15k▼ 85.3%€329€2k▲ 408%€5k▲ 208%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 155% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61k
Fixed assets
€23k▼ 34.0%
Current assets
€38k▼ 12.5%
Equity and liabilities €61k
Equity
€43k▲ 13.6%
Provisions
€5k=
Debt
€13k▼ 62.7%
The debt ratio falls from 45.7% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▲
2023 · €17k
Cash flow
€17k▲
2023 · €16k
Solvency
69.9%▲
2023 · 47.9%
Current ratio
6.46▲
2023 · 1.93
Quick ratio
6.46▲
2023 · 1.93
Debt / equity
0.31▼
2023 · 0.95
ROE
12.0%▲
2023 · 4.4%
ROA
8.4%▲
2023 · 2.1%
Interest coverage
13.23▼
2023 · 18.62
Debt
€13k▼
2023 · €36k
Debt ≤ 1 year
€6k▼
2023 · €23k
Debt > 1 year
€8k▼
2023 · €13k
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€79k€61k▼
Fixed assets21/28€35k€23k▼
Tangible fixed assets22/27€35k€23k▼
Plant, machinery and equipment23€14k€8k▼
Furniture and vehicles24€21k€15k▼
Current assets29/58€44k€38k▼
Amounts receivable within one year40/41€37k€28k▼
Trade receivables40€33k€27k▼
Other amounts receivable41€4k€945▼
Cash at bank and in hand54/58€5k€10k▲
Deferred charges and accrued income490/1€1k€763▼
Equity and liabilities
Total equity and liabilities10/49€79k€61k▼
Equity10/15€38k€43k▲
Contributions10/11€13k€13k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€23k€28k▲
Provisions and deferred taxes16€5k€5k=
Provisions for liabilities and charges160/5€5k€5k=
Environmental obligations163€5k€5k=
Amounts payable17/49€36k€13k▼
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€23k€6k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€914€38▼
Suppliers440/4€914€38▼
Taxes, remuneration and social security45€1k-
Remuneration and social security454/9€1k-
Other amounts payable47/48€15k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€521€610▲
Gross operating margin9900€22k€19k▼
Operating profit (loss)9901€3k€7k▲
Financial income75/76B€32€24▼
Recurring financial income75€32€24▼
Financial charges65/66B€914€1k▲
Recurring financial charges65€914€1k▲
Profit (loss) for the period before taxes9903€2k€5k▲
Profit (loss) for the period9904€2k€5k▲
Profit (loss) for the period to be appropriated9905€2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€28k▼
Profit (loss) brought forward from the previous period14P€36k€23k▼
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 6.46
Current ratio from 1.93 to 6.46; short-term debt falls from €23k to €6k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €329
Net result €329 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.82 to 3.65; short-term debt falls from €53k to €15k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
31-12
Financial
Highest result since 2018net €17k ▲111%
Operating result €22k, net result €17k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Schaarbeek · 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.
Jan Stobbaertslaan 611030 SchaarbeekGround area
196 m²
Building footprint
150 m²
Volume, LiDAR
1,706 m³
2 parcels, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
RENOV-TM
since 20142.227.055.761
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0470/00R002 | Brussels | 113 m² | 1 · 85 m² | 15.1 m · 4 fl. |
| 21905C0061/00P002 | Brussels | 83 m² | 1 · 65 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
ADURO BUILD
BE 0889.168.118
Wavre · Eq €43k
Christopher Moreau Construction
BE 0801.691.835
Herve · Eq €43k
TERCHAP
BE 0462.389.397
Chapelle-lez-Herlaimont · Eq €43k
CASAGRANDE
BE 0644.731.680
La Louvière · Eq €43k
Spurs Klimaat
BE 0779.860.402
Kortrijk · Eq €43k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,929 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.