RENOVA +
ActiveSummary
The computed 12-month bankruptcy probability of RENOVA + is 3.5% (moderate). The 2024 annual accounts show equity of €123,014 and a net result of €14,247. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 9973 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
Profitability71▼-1
Solvency38▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.14 in 2023; short-term debt: 86.5% and cash: 20.8% of total assets), and 86.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9973 sector peers (2024).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 21%
← weakest
strongest →
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 31-10-2025, 92 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
61 d late
2022
92 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 69 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€123,014▲ 13.1%
2023 · €108,767
Total assets
€920,727▲ 0.8%
2023 · €913,501
Net result
€14,247▼ 37.3%
2023 · €22,739
Working capital
€97,911▼ 10.7%
2023 · €109,636
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€46,978-€55,124▲ 17.3%€32,071▼ 41.8%€14,034▼ 56.2%
Net result€37,015above the sector's middle half-€44,012above the sector's middle half▲ 18.9%€22,739within the sector's middle half▼ 48.3%€14,247within the sector's middle half▼ 37.3%
Equity€42,015within the sector's middle half-€86,028within the sector's middle half▲ 105%€108,767above the sector's middle half▲ 26.4%€123,014above the sector's middle half▲ 13.1%
Total assets€587,125above the sector's middle half-€1.0mabove the sector's middle half▲ 73.7%€913,501above the sector's middle half▼ 10.4%€920,727above the sector's middle half▲ 0.8%
Debt€545,110-€933,934▲ 71.3%€804,734▼ 13.8%€797,713▼ 0.9%
Working capital€27,175within the sector's middle half-€131,332above the sector's middle half▲ 383%€109,636above the sector's middle half▼ 16.5%€97,911above the sector's middle half▼ 10.7%
Solvency7.2%below the sector's middle half-8.4%below the sector's middle half▲ 1.3pp11.9%below the sector's middle half▲ 3.5pp13.4%below the sector's middle half▲ 1.5pp
Current ratio1.06within the sector's middle half-1.16within the sector's middle half▲ 0.101.14within the sector's middle half▼ 0.021.12within the sector's middle half▼ 0.02
Return on assets (ROA)6.3%within the sector's middle half-4.3%within the sector's middle half▼ 2.0pp2.5%within the sector's middle half▼ 1.8pp1.5%within the sector's middle half▼ 0.9pp
Staff (FTE)3.6-
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 has fallen two years in a row; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €920,727
Fixed assets
€26,576 ▼ 19.1%
Current assets
€894,151 ▲ 1.5%
Equity and liabilities €920,727
Equity
€123,014 ▲ 13.1%
Debt
€797,713 ▼ 0.9%
Debt's share of the balance-sheet total falls from 88.1% to 86.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,192▼
2023 · €58,711
Cash flow
€25,405▼
2023 · €49,379
Quick ratio
1.09▲
2023 · 0.85
Debt to equity
6.48▼
2023 · 7.40
ROE
11.6%▼
2023 · 20.9%
Interest coverage
17.97▼
2023 · 27.20
Debt ≤ 1 year
€796,241▲
2023 · €771,022
Income taxes
€24▼
2023 · €7,376
Staff costs
€190,894▼
2023 · €197,405
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% 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 2,372 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €121,729 | €257,592 | €197,405 | €190,894 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,601 | €27,939 | €26,640 | €11,158 | ▼ 58.1% |
| Other operating charges640/8 | €2,308 | €18,921 | €3,107 | €3,711 | ▲ 19.4% |
| Non-recurring operating charges66A | - | - | €1,453 | - | - |
| Gross operating margin9900 | €199,616 | €359,576 | €260,676 | €219,797 | ▼ 15.7% |
| Operating profit (loss)9901 | €46,978 | €55,124 | €32,071 | €14,034 | ▼ 56.2% |
| Financial income75/76B | €734 | €816 | €202 | €1,639 | ▲ 711% |
| Recurring financial income75 | €734 | €816 | €202 | €1,639 | ▲ 711% |
| Non-recurring financial income76B | €734 | €816 | €202 | €1,639 | ▲ 711% |
| Financial charges65/66B | €871 | €1,192 | €2,158 | €1,402 | ▼ 35.0% |
| Recurring financial charges65 | €871 | €1,192 | €2,158 | €1,402 | ▼ 35.0% |
| Non-recurring financial charges66B | €871 | €1,192 | €2,158 | €1,402 | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | €46,841 | €54,749 | €30,115 | €14,271 | ▼ 52.6% |
| Income taxes67/77 | €9,825 | €10,737 | €7,376 | €24 | ▼ 99.7% |
| Profit (loss) for the period9904 | €37,015 | €44,012 | €22,739 | €14,247 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €37,015 | €44,012 | €22,739 | €14,247 | ▼ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €587,125 | €1.0m | €913,501 | €920,727 | ▲ 0.8% |
| Fixed assets21/28 | €70,677 | €59,498 | €32,843 | €26,576 | ▼ 19.1% |
| Intangible fixed assets21 | - | - | - | €800 | - |
| Tangible fixed assets22/27 | €64,677 | €45,498 | €15,343 | €5,576 | ▼ 63.7% |
| Plant, machinery and equipment23 | €18,049 | €13,097 | €3,435 | €656 | ▼ 80.9% |
| Furniture and vehicles24 | €46,628 | €28,241 | €8,788 | €2,840 | ▼ 67.7% |
| Other tangible fixed assets26 | - | €4,160 | €3,120 | €2,080 | ▼ 33.3% |
| Financial fixed assets28 | €6,000 | €14,000 | €17,500 | €20,200 | ▲ 15.4% |
| Current assets29/58 | €516,448 | €960,463 | €880,658 | €894,151 | ▲ 1.5% |
| Stocks and contracts in progress3 | €22,000 | €229,476 | €223,976 | €28,140 | ▼ 87.4% |
| Stocks30/36 | €22,000 | €229,476 | €223,976 | €28,140 | ▼ 87.4% |
| Amounts receivable within one year40/41 | €429,257 | €629,006 | €616,854 | €674,548 | ▲ 9.4% |
| Trade receivables40 | €380,697 | €588,855 | €600,035 | €650,620 | ▲ 8.4% |
| Other amounts receivable41 | €48,560 | €40,151 | €16,819 | €23,928 | ▲ 42.3% |
| Current investments50/53 | €26,911 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €76,901 | €39,748 | €191,383 | ▲ 381% |
| Deferred charges and accrued income490/1 | €38,280 | €25,080 | €80 | €80 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €587,125 | €1.0m | €913,501 | €920,727 | ▲ 0.8% |
| Equity10/15 | €42,015 | €86,028 | €108,767 | €123,014 | ▲ 13.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | - | - | - |
| Other1109/19 | - | €5,000 | - | - | - |
| Profit (loss) carried forward14 | €37,015 | €81,028 | €103,767 | €118,014 | ▲ 13.7% |
| Amounts payable17/49 | €545,110 | €933,934 | €804,734 | €797,713 | ▼ 0.9% |
| Amounts payable within one year42/48 | €489,273 | €829,132 | €771,022 | €796,241 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €21,151 | - | - | - | - |
| Trade debts44 | €415,694 | €731,427 | €673,064 | €741,609 | ▲ 10.2% |
| Suppliers440/4 | €415,694 | €731,427 | €673,064 | €741,609 | ▲ 10.2% |
| Advances received on contracts in progress46 | €1,210 | €15,830 | €21,582 | €4,500 | ▼ 79.1% |
| Taxes, remuneration and social security45 | €44,163 | €52,614 | €69,939 | €49,177 | ▼ 29.7% |
| Taxes450/3 | €24,731 | €21,551 | €19,252 | €11,279 | ▼ 41.4% |
| Remuneration and social security454/9 | €19,432 | €31,063 | €50,687 | €37,898 | ▼ 25.2% |
| Other amounts payable47/48 | €7,055 | €29,261 | €6,438 | €955 | ▼ 85.2% |
| Accrued charges and deferred income492/3 | €55,837 | €104,802 | €33,712 | €1,472 | ▼ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,015 | €44,012 | €22,739 | €14,247 | ▼ 37.3% |
| + Depreciation and write-downs630 | €28,601 | €27,939 | €26,640 | €11,158 | ▼ 58.1% |
| Operating cash flow (approximation) | €65,616 | €71,951 | €49,379 | €25,405 | ▼ 48.6% |
| Investment in fixed assets (approximation) | - | -€16,760 | €15 | -€4,891 | ▼ 32,641% |
| Change in cash | - | - | -€37,154 | €151,635 | ▲ 508% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Weakest financial yearnet €14,247 ▼37.3%
Net result drops to €14,247, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €100,000Eq €108,767 ▲26.4%
3 profitable years in a row build equity to €108,767.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Highest result since 2021net €44,012 ▲18.9%
Operating result €55,124, net result €44,012, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Vilvoorde · 3 establishment units since 2020
Ground area
9,698 m²
Building footprint
2,574 m²
Volume, LiDAR
26,139 m³
3 parcels, Brussels, Flanders · tallest building 17.8 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
CHASIX
since 20202.302.640.933
RENOVA+ S.R.L
since 20202.303.299.048
RENOVA +
since 20222.330.688.680
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0209/00F000indicative | Brussels | 8,923 m² | 1 · 1,946 m² | 17.8 m · 4 fl. |
| 23644H0321/00Y005 | Flanders | 522 m² | 1 · 522 m² | 8.8 m · 2 fl. |
| 21819D0125/00X000 | Brussels | 254 m² | 1 · 106 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,957 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43221Plumbing work
Contact
E-mail
info@renovaplus.beVilvoorde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747617206
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.