RENOVATION DEVELOPMENT & CONSTRUCTION
Annual accounts 2025
abbreviated format, filed on 16-07-2026, 15 days before the deadline-€27,632
▼ €26,526
-€93,685
▲ €59,838
-€37,226
▼ €19,199
-€209,615
▲ €2,322
-33.6%
▼ 3.0 percentage points
0.07
▲ 0.02
Money flows
no detail for 2025Balance sheet
balance sheet total €3.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
-33.6%
Higher than 7% of 11,299 companies in 2025.
0.07
Higher than 9% of 10,851 companies in 2025.
-7.2%
Higher than 10% of 11,184 companies in 2025.
RENOVATION DEVELOPMENT & CONSTRUCTION
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
3.7m | 3.2m | 2.4m | 2.4m | 236,889 | 93,000 | 339 | 339 | 1,043 | 9,514 | 19,100 | 31,859 | 43,015 | 4,751 | 4,955 | 4,293 | 7,152 | 9,496 | 14,889 | 24,508 | |
21/28 |
3.5m | 3.0m | 2.4m | 2.4m | 235,000 | - | - | - | - | 8,472 | 16,944 | 25,416 | 33,984 | 193 | 289 | 385 | 823 | 1,261 | 5,644 | 12,019 | |
22/27 |
3.5m | 3.0m | 2.4m | 2.4m | 235,000 | - | - | - | - | 8,472 | 16,944 | 25,416 | 33,984 | 193 | 289 | 385 | 823 | 1,261 | 5,644 | 12,019 | |
22 |
2.6m | 2.7m | 2.3m | 2.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | 96 | 193 | 289 | 385 | 823 | 1,261 | 697 | 1,136 | |
24 |
- | - | - | - | - | - | - | - | - | 8,472 | 16,944 | 25,416 | 33,888 | - | - | - | - | - | 4,947 | 10,883 | |
27 |
847,054 | 352,359 | 63,000 | 0 | 235,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
185,971 | 116,510 | 38,897 | 8,199 | 1,889 | 93,000 | 339 | 339 | 1,043 | 1,042 | 2,156 | 6,443 | 9,031 | 4,558 | 4,666 | 3,908 | 6,329 | 8,235 | 9,245 | 12,489 | |
40/41 |
105,366 | 82,107 | 18,719 | - | 0 | 93,000 | - | - | 674 | 674 | 674 | 569 | 2,542 | 4,505 | 4,176 | 2,114 | 3,418 | 6,160 | 7,298 | 3,424 | |
40 |
1,480 | 44,412 | 18,316 | - | 0 | 93,000 | - | - | - | - | - | - | 2,541 | 3,507 | 4,176 | 2,114 | 3,417 | 6,094 | 6,869 | 2,730 | |
41 |
103,886 | 37,696 | 403 | - | - | - | - | - | 674 | 674 | 674 | 569 | 1 | 998 | - | - | 1 | 66 | 429 | 694 | |
54/58 |
80,428 | 34,239 | 20,029 | 8,067 | 1,889 | - | - | - | 337 | 337 | 1,450 | 4,509 | 5,115 | 53 | 490 | 1,575 | 974 | 351 | 172 | 7,240 | |
490/1 |
176 | 163 | 149 | 132 | - | 0 | 339 | 339 | 32 | 31 | 32 | 1,365 | 1,374 | - | - | 219 | 1,937 | 1,724 | 1,775 | 1,825 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
3.7m | 3.2m | 2.4m | 2.4m | 236,889 | 93,000 | 339 | 339 | 1,043 | 9,514 | 19,100 | 31,859 | 43,015 | 4,751 | 4,955 | 4,293 | 7,152 | 9,496 | 14,889 | 24,508 | |
10/15 |
-1.2m | -968,699 | -621,267 | -468,469 | -51,182 | -26,238 | -124,013 | -124,101 | -122,575 | -116,434 | -109,368 | -99,942 | -93,802 | -96,816 | -95,965 | -95,250 | -90,197 | -82,910 | -73,889 | -63,906 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
14 |
-1.3m | -987,291 | -639,859 | -487,061 | -69,774 | -44,830 | -142,605 | -142,693 | -141,167 | -135,026 | -127,960 | -118,534 | -112,394 | -115,408 | -114,557 | -113,842 | -108,789 | -101,502 | -92,481 | -82,498 | |
17/49 |
4.9m | 4.1m | 3.0m | 2.8m | 288,071 | 119,238 | 124,352 | 124,440 | 123,618 | 125,948 | 128,468 | 131,801 | 136,817 | 101,567 | 100,920 | 99,543 | 97,349 | 92,406 | 88,778 | 88,414 | |
17 |
2.4m | 2.0m | 3.0m | 2.8m | 243,299 | 0 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 50,000 | 50,000 | 50,000 | - | - | - | - | |
170/4 |
805,846 | 525,395 | 2.1m | 2.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
1.6m | 1.5m | 945,672 | 759,794 | 243,299 | 0 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 86,500 | 50,000 | 50,000 | 50,000 | - | - | - | - | |
42/48 |
2.5m | 2.1m | 3,242 | 14,550 | 41,729 | 119,238 | 37,852 | 37,940 | 37,118 | 39,448 | 41,968 | 45,301 | 50,317 | 51,567 | 50,920 | 49,543 | 97,349 | 92,406 | 88,778 | 88,414 | |
42 |
2.1m | 2.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 213 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 213 | - | - | - | - | - | - | |
44 |
406,932 | 11,131 | 2,993 | 14,550 | 3,146 | - | - | - | 1,212 | 1,212 | 1,212 | 1,366 | 7,159 | 13,561 | 11,365 | 2,027 | 1,610 | 145 | 2,060 | 1,195 | |
440/4 |
406,932 | 11,131 | 2,993 | 14,550 | 3,146 | - | - | - | 1,212 | 1,212 | 1,212 | 1,366 | 7,159 | 13,561 | 11,365 | 2,027 | 1,610 | 145 | 2,060 | 1,195 | |
45 |
- | - | - | 0 | 9,738 | 9,738 | - | - | - | - | - | - | 687 | 710 | 954 | 48 | 91 | - | 110 | - | |
450/3 |
- | - | - | 0 | 9,738 | 9,738 | - | - | - | - | - | - | 687 | 710 | 954 | 48 | 91 | - | 110 | - | |
47/48 |
- | 0 | 250 | 0 | 28,844 | 109,500 | 37,852 | 37,940 | 35,906 | 38,236 | 40,756 | 43,935 | 42,471 | 37,083 | 38,601 | 47,468 | 95,648 | 92,261 | 86,608 | 87,219 | |
492/3 |
- | 0 | 9,218 | 3,118 | 3,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | 93,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | - | 0 | 14,500 | - | 0 | - | - | - | - | 7,364 | - | - | - | 120 | - | - | - | |
9900 |
-27,632 | -1,106 | 25,399 | -17,619 | -23,623 | 107,513 | 88 | -13 | 2,331 | 1,449 | -695 | 2,820 | 4,285 | -686 | -512 | -4,512 | -6,895 | -3,472 | -3,547 | -6,010 | |
60/61 |
- | - | - | - | - | 1,593 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
56,459 | 135,495 | 53,800 | 346,335 | - | - | - | - | 8,472 | 8,472 | 8,472 | 8,568 | 8,568 | 96 | 96 | 438 | 438 | 5,407 | 6,375 | 6,375 | |
640/8 |
9,594 | 16,921 | 7,700 | 7,564 | 524 | - | - | 1,457 | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 100 | 51 | - | 90 | 40 | - | |
9901 |
-93,685 | -153,522 | -36,102 | -371,518 | -24,147 | 107,513 | 88 | -1,470 | -6,141 | -7,023 | -9,167 | -5,748 | -4,283 | -782 | -608 | -4,950 | -7,333 | -8,879 | -9,922 | -12,385 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 3 | 1 | 1 | - | 57 | 27 | - | - | 46 | - | |
75 |
- | - | - | - | - | - | - | - | - | - | 3 | 1 | 1 | - | 57 | 27 | - | - | 46 | - | |
65/66B |
172,389 | 193,909 | 116,696 | 45,769 | 797 | - | - | 56 | - | 43 | 79 | 80 | 68 | 69 | 64 | 79 | 74 | 52 | 61 | 49 | |
65 |
172,389 | 193,909 | 116,696 | 45,769 | 797 | - | - | 56 | - | 43 | 79 | 80 | 68 | 69 | 64 | 79 | 74 | 52 | 61 | 49 | |
9903 |
-266,073 | -347,432 | -152,798 | -417,288 | -24,944 | 107,513 | 88 | -1,526 | -6,141 | -7,066 | -9,243 | -5,827 | 3,014 | -851 | -715 | -5,053 | -7,287 | -9,021 | -9,977 | -12,434 | |
67/77 |
- | - | - | - | 0 | 9,738 | - | - | - | - | 183 | 313 | - | - | - | - | - | - | 6 | - | |
9904 |
-266,073 | -347,432 | -152,798 | -417,288 | -24,944 | 97,775 | 88 | -1,526 | -6,141 | -7,066 | -9,426 | -6,140 | 3,014 | -851 | -715 | -5,053 | -7,287 | -9,021 | -9,983 | -12,434 | |
9905 |
-266,073 | -347,432 | -152,798 | -417,288 | -24,944 | 97,775 | 88 | -1,526 | -6,141 | -7,066 | -9,426 | -6,140 | 3,014 | -851 | -715 | -5,053 | -7,287 | -9,021 | -9,983 | -12,434 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1.3m | -987,291 | -639,859 | -487,061 | -69,774 | -44,830 | -142,605 | -142,693 | -141,167 | -135,026 | -127,960 | -118,534 | -112,394 | -115,408 | -114,557 | -113,842 | -108,789 | -101,502 | -92,481 | -82,498 | |
14P |
-987,291 | -639,859 | -487,061 | -69,774 | -44,830 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00342266 | |
| 31-12-2024 | full format | 05-06-2025 | 2025-00136774 | |
| 31-12-2023 | full format | 28-07-2024 | 2024-00328831 | |
| 31-12-2022 | full format | 07-06-2023 | 2023-00123805 | |
| 31-12-2021 | full format | 15-06-2022 | 2022-20079263 | |
| 31-12-2020 | full format | 09-06-2021 | 2021-19300367 | |
| 31-12-2019 | micro format | 17-10-2020 | 2020-62900080 | |
| 31-12-2018 | micro format | 14-09-2020 | 2020-53300006 | |
| 31-12-2017 | micro format | 09-10-2018 | 2018-69300435 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-49200560 | |
| 31-12-2015 | full format | 18-10-2016 | 2016-66000173 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-45900193 | |
| 31-12-2013 | full format | 18-09-2014 | 2014-59100035 | |
| 31-12-2012 | full format | 24-07-2013 | 2013-36200287 | |
| 31-12-2011 | full format | 31-10-2012 | 2012-62800452 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-51300161 | |
| 31-12-2009 | full format | 06-11-2010 | 2010-60400231 | |
| 31-12-2008 | full format | 11-08-2009 | 2009-57600176 | |
| 31-12-2007 | full format | 27-08-2008 | 2008-71500107 | |
| 31-12-2006 | full format | 30-07-2007 | 2007-51100099 | |
| 31-12-2005 | full format | 29-06-2006 | 2006-36504788 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-78804255 | |
| 31-12-2003 | full format | 28-09-2004 | 2004-67504745 | |
| 31-12-2002 | full format | 03-11-2003 | 2003-77800044 | |
| 31-12-2001 | full format | 30-10-2002 | 2002-69204330 | |
| 31-12-2000 | full format | 18-02-2002 | 2002-04501727 | |
| 31-12-1999 | full format | 05-04-2001 | 2001-09004930 | |
| 31-12-1998 | full format | 29-11-2000 | 2000-73701039 | |
| 31-12-1997 | full format | 24-12-1998 | 1998-63402592 | |
| 31-12-1996 | full format | 09-10-1997 | 1997-48503432 | |
| 31-12-1995 | full format | 27-06-1996 | 1996-26001918 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -37,226 | -18,027 | 17,699 | -25,183 | - | - | - | - | 2,331 | 1,449 | -695 | 2,820 | 4,285 | -686 | -512 | -4,512 | -6,895 | -3,472 | -3,547 | -6,010 | ||
| -209,615 | -211,937 | -98,998 | -70,952 | - | - | - | - | 2,331 | 1,406 | -954 | 2,428 | 11,582 | -755 | -619 | -4,615 | -6,849 | -3,614 | -3,608 | -6,059 | ||
| 494,695 | 884,520 | 63,000 | 2.5m | 235,000 | - | - | - | 0 | 0 | 0 | 0 | 42,359 | 0 | 0 | 0 | 0 | 1,024 | 0 | - | ||
| 46,189 | 14,211 | 11,962 | 6,178 | - | - | - | - | 0 | -1,113 | -3,059 | -606 | 5,062 | -437 | -1,085 | 601 | 623 | 179 | -7,068 | - | ||
| -2.3m | -2.0m | 35,655 | -6,351 | -39,840 | -26,238 | -37,513 | -37,601 | -36,075 | -38,406 | -39,812 | -38,858 | -41,286 | -47,009 | -46,254 | -45,635 | -91,020 | -84,171 | -79,533 | -75,925 | ||
| -33.6% | -30.6% | -25.9% | -19.8% | -21.6% | -28.2% | - | - | - | - | -572.6% | -313.7% | -218.1% | - | - | - | - | -873.1% | -496.3% | -260.8% | ||
| 0.07 | 0.06 | 12.00 | 0.56 | 0.05 | 0.78 | - | - | - | 0.03 | 0.05 | 0.14 | 0.18 | - | - | - | 0.07 | 0.09 | 0.10 | 0.14 | ||
| -7.2% | -11.0% | -6.4% | -17.7% | -10.5% | 105.1% | - | - | - | -74.3% | -49.4% | -19.3% | 7.0% | - | - | - | -101.9% | -95.0% | -67.0% | -50.7% | ||
| -0.22 | -0.09 | 0.15 | -0.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 365 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.9m | €2.6m | - | - | - |
| Debts guaranteed by Belgian public bodies | - | - | €2.1m | €2.1m | - |
| Mortgages, amount registered | €55,000 | €55,000 | €27,500 | €27,500 | - |
| €3.5m | €3.5m | €2.6m | €2.6m | - | |
| Carrying value of the mortgaged assets | €3.5m | €2.6m | €2.4m | €2.4m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €494,695 | €884,520 | €63,000 | €2.5m | €235,000 |
| €56,459 | €135,495 | €53,800 | €346,335 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on RENOVATION DEVELOPMENT & CONSTRUCTION
The operating result for 2025 is a loss of €93,685, smaller than the loss of €153,522 in 2024.
Equity is negative. Debt (€4.9m) exceeds the balance-sheet total (€3.7m).