RENOVATION CONCEPT
ActiveSummary
RENOVATION CONCEPT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €5k. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+34
Solvency85=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.12 in 2024; short-term debt: 29.3% and cash: 9.2% of total assets), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.6%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
60 d late
2023
88 d early
2022
25 d early
2021
9 d early
2020
1 d early
2019
61 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k
2024 · €-14k
2019: €125k
2020: €36k
2021: €48k
2022: €198k
2023: €100k
2024: €-14k
2019 → 2025
Working capital
€86k▲ 1.4%
2024 · €85k
2019: €198k
2020: €232k
2021: €126k
2022: €80k
2023: €42k
2024: €85k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€97k▼ 48.9%€126k▲ 30.3%€112k▼ 11.6%€117k▲ 4.9%
Operating result€74k-€270k▲ 265%€129k▼ 52.4%€-7k€12k
Net result€48k-€198k▲ 310%€100k▼ 49.5%€-14k€5k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€18k ▼ 33.0%
Current assets
€143k ▼ 10.6%
Equity and liabilities €196k
Equity
€117k ▲ 4.9%
Debt
€79k ▲ 4.9%
Debt's share of the balance-sheet total stays at 40.4%.
Key figures and ratios
EBITDA
€22k▲
2024 · €11k
Cash flow
€15k▲
2024 · €4k
Current ratio
2.49▲
2024 · 2.12
Quick ratio
1.43▼
2024 · 1.57
Debt to equity
0.68=
2024 · 0.68
ROE
4.6%▲
2024 · -12.6%
ROA
2.8%▲
2024 · -7.5%
Interest coverage
3.82▲
2024 · 1.24
Debt ≤ 1 year
€57k▼
2024 · €76k
Debt > 1 year
€22k
Income taxes
€4k▲
2024 · €253
Staff costs
€269k▼
2024 · €346k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€187k€196k▲
Formation expenses20-€35k
Fixed assets21/28€27k€18k▼
Intangible fixed assets21€11k€8k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€7k€5k▼
Leasing and similar rights25€4k€3k▼
Other tangible fixed assets26€1k€696▼
Financial fixed assets28€520€520=
Current assets29/58€160k€143k▼
Stocks and contracts in progress3€42k€61k▲
Stocks30/36€42k€61k▲
Amounts receivable within one year40/41€86k€62k▼
Trade receivables40€61k€44k▼
Other amounts receivable41€25k€18k▼
Cash at bank and in hand54/58€31k€18k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€187k€196k▲
Equity10/15€112k€117k▲
Contributions10/11€19k€19k=
Reserves13€72k€72k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€70k€70k=
Profit (loss) carried forward14€18k€23k▲
Investment grants15€3k€3k=
Amounts payable17/49€76k€79k▲
Amounts payable after more than one year17-€22k
Financial debts170/4-€22k
Amounts payable within one year42/48€76k€57k▼
Current portion of amounts payable after more than one year42-€11k
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€70k€32k▼
Suppliers440/4€70k€32k▼
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€386€4k▲
Remuneration and social security454/9€2k€9k▲
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€346k€269k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€10k▼
Other operating charges640/8€94k€3k▼
Non-recurring operating charges66A€3k€2k▼
Gross operating margin9900€454k€297k▼
Operating profit (loss)9901€-7k€12k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€-14k€9k▲
Income taxes67/77€253€4k▲
Profit (loss) for the period9904€-14k€5k▲
Profit (loss) for the period to be appropriated9905€-14k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€23k▲
Profit (loss) brought forward from the previous period14P€32k€18k▼
The notes to these accounts (10 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼114%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
Financial
Equity above €100kEq €126k ▲30.3%
5 profitable years in a row build equity to €126k.
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
Financial
Highest result since 2019net €198k ▲310%
Operating result €270k, net result €198k, both a record.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ciney · 1 establishment unit since 2010
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 de Custinne(Leignon) 235590 CineyGround area
1,944 m²
Building footprint
470 m²
Parcel 91079B0253/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
RENOVATION CONCEPT
since 20102.189.627.520
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91079B0253/00D002 | Wallonia | 1,944 m² | 1 · 470 m² | - |
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
FOREX EXPLOITATION FORESTIERE
BE 0785.602.406
Mettet · Eq €117,471
GRANDJENET MIGUEL
BE 1019.768.522
Bastogne · Eq €118,046
AGRI-SALOU
BE 0434.040.554
Theux · Eq €118,379
AIRBELUX
BE 0809.982.464
Havelange · Eq €113,494
FOREXPLOIT SPRL
BE 0896.882.784
Gouvy · Eq €122,314
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
02200Logging
43222Installation of electric heating, air conditioning, cooling and ventilation
43120Site preparation
43221Plumbing work
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0478623033