RENOVATIS
ActiveSummary
The computed 12-month bankruptcy probability of RENOVATIS is 1.6% (moderate). The 2025 annual accounts show equity of €19,793 and a net result of €8,682. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 7564 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+6
Solvency49▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.5 in 2024; short-term debt: 69.4% and cash: 61.8% of total assets), and 75.9% of the assets are financed with debt.
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Signals
Five 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
24.1%
Return on assets
10.6%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
41 d early
2023
40 d early
2022
38 d early
2021
36 d early
2020
44 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,793▼ 43.1%
2024 · €34,763
Total assets
€82,284▼ 12.6%
2024 · €94,139
Net result
€8,682▲ 61.2%
2024 · €5,386
Working capital
€8,732▼ 61.3%
2024 · €22,557
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
Line20212022202320242025
Operating result€17,288▼ 28.6%€10,352▼ 40.1%€3,757▼ 63.7%€8,423▲ 124%€10,923▲ 29.7%
Net result€12,372within the sector's middle half▼ 17.4%€7,309within the sector's middle half▼ 40.9%€1,193within the sector's middle half▼ 83.7%€5,386within the sector's middle half▲ 351%€8,682within the sector's middle half▲ 61.2%
Equity€80,879within the sector's middle half▲ 2.3%€71,021within the sector's middle half▼ 12.2%€54,334within the sector's middle half▼ 23.5%€34,763within the sector's middle half▼ 36.0%€19,793within the sector's middle half▼ 43.1%
Total assets€104,189within the sector's middle half▲ 0.4%€140,066within the sector's middle half▲ 34.4%€158,965within the sector's middle half▲ 13.5%€94,139within the sector's middle half▼ 40.8%€82,284within the sector's middle half▼ 12.6%
Debt€23,310▼ 5.6%€69,045▲ 196%€104,631▲ 51.5%€59,376▼ 43.3%€62,490▲ 5.2%
Working capital€77,282▲ 3.4%€58,308▼ 24.6%€41,971▼ 28.0%€22,557▼ 46.3%€8,732▼ 61.3%
Solvency77.6%above the sector's middle half▲ 1.4pp50.7%within the sector's middle half▼ 26.9pp34.2%within the sector's middle half▼ 16.5pp36.9%within the sector's middle half▲ 2.7pp24.1%within the sector's middle half▼ 12.9pp
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,284
Fixed assets
€16,437 ▼ 38.2%
Current assets
€65,847 ▼ 2.5%
Equity and liabilities €82,284
Equity
€19,793 ▼ 43.1%
Debt
€62,490 ▲ 5.2%
Debt's share of the balance-sheet total rises from 63.1% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,327▲
2024 · €19,526
Cash flow
€20,086▲
2024 · €16,489
Current ratio
1.15▼
2024 · 1.50
Debt to equity
3.16▲
2024 · 1.71
ROE
43.9%▲
2024 · 15.5%
ROA
10.6%▲
2024 · 5.7%
Interest coverage
19.56▲
2024 · 14.80
Debt ≤ 1 year
€57,115▲
2024 · €44,970
Debt > 1 year
€5,375▼
2024 · €14,406
Income taxes
€1,099▼
2024 · €1,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,804 | €7,950 | €12,811 | €11,103 | €11,404 | ▲ 2.7% |
| Other operating charges640/8 | €681 | €3,505 | €1,095 | €1,119 | €848 | ▼ 24.2% |
| Gross operating margin9900 | €21,774 | €21,806 | €17,663 | €20,645 | €23,175 | ▲ 12.3% |
| Operating profit (loss)9901 | €17,288 | €10,352 | €3,757 | €8,423 | €10,923 | ▲ 29.7% |
| Financial income75/76B | €0 | €0 | €0 | €151 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €0 | €0 | €151 | €0 | ▼ 100.0% |
| Financial charges65/66B | €359 | €733 | €1,575 | €1,320 | €1,142 | ▼ 13.5% |
| Recurring financial charges65 | €359 | €733 | €1,575 | €1,320 | €1,142 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €16,930 | €9,618 | €2,182 | €7,254 | €9,781 | ▲ 34.8% |
| Income taxes67/77 | €4,558 | €2,309 | €989 | €1,869 | €1,099 | ▼ 41.2% |
| Profit (loss) for the period9904 | €12,372 | €7,309 | €1,193 | €5,386 | €8,682 | ▲ 61.2% |
| Profit (loss) for the period to be appropriated9905 | €12,372 | €7,309 | €1,193 | €5,386 | €8,682 | ▲ 61.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,189 | €140,066 | €158,965 | €94,139 | €82,284 | ▼ 12.6% |
| Fixed assets21/28 | €6,641 | €45,268 | €35,570 | €26,612 | €16,437 | ▼ 38.2% |
| Tangible fixed assets22/27 | €6,641 | €44,908 | €35,210 | €26,252 | €16,437 | ▼ 37.4% |
| Plant, machinery and equipment23 | €1,659 | €521 | €1,077 | €1,869 | €2,334 | ▲ 24.9% |
| Furniture and vehicles24 | €4,982 | €44,388 | €34,132 | €24,382 | €14,103 | ▼ 42.2% |
| Financial fixed assets28 | - | €360 | €360 | €360 | - | - |
| Current assets29/58 | €97,548 | €94,798 | €123,395 | €67,527 | €65,847 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €14,680 | €6,083 | €115,313 | €51,298 | €13,871 | ▼ 73.0% |
| Trade receivables40 | €11,543 | €3,202 | €109,139 | €51,166 | €12,338 | ▼ 75.9% |
| Other amounts receivable41 | €3,137 | €2,881 | €6,174 | €131 | €1,533 | ▲ 1,066% |
| Cash at bank and in hand54/58 | €82,867 | €86,798 | €7,024 | €13,686 | €50,837 | ▲ 271% |
| Deferred charges and accrued income490/1 | - | €1,917 | €1,058 | €2,543 | €1,139 | ▼ 55.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,189 | €140,066 | €158,965 | €94,139 | €82,284 | ▼ 12.6% |
| Equity10/15 | €80,879 | €71,021 | €54,334 | €34,763 | €19,793 | ▼ 43.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €62,279 | €52,421 | €35,734 | €16,163 | €1,193 | ▼ 92.6% |
| Distributable reserves133 | €62,279 | €52,421 | €35,734 | €16,163 | €1,193 | ▼ 92.6% |
| Amounts payable17/49 | €23,310 | €69,045 | €104,631 | €59,376 | €62,490 | ▲ 5.2% |
| Amounts payable after more than one year17 | €3,044 | €32,555 | €23,207 | €14,406 | €5,375 | ▼ 62.7% |
| Financial debts170/4 | €3,044 | €32,555 | €23,207 | €14,406 | €5,375 | ▼ 62.7% |
| Amounts payable within one year42/48 | €20,265 | €36,490 | €81,424 | €44,970 | €57,115 | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | €2,229 | €10,638 | €9,348 | €8,802 | €9,030 | ▲ 2.6% |
| Trade debts44 | €7,489 | €3,892 | €11,785 | €8,620 | €8,000 | ▼ 7.2% |
| Suppliers440/4 | €7,489 | €3,892 | €11,785 | €8,620 | €8,000 | ▼ 7.2% |
| Advances received on contracts in progress46 | - | - | €40,000 | - | - | - |
| Taxes, remuneration and social security45 | €4,240 | €4,473 | - | €2,593 | €16,433 | ▲ 534% |
| Taxes450/3 | €4,240 | €4,473 | - | €919 | €14,709 | ▲ 1,500% |
| Remuneration and social security454/9 | - | - | - | €1,674 | €1,724 | ▲ 3.0% |
| Other amounts payable47/48 | €6,307 | €17,487 | €20,291 | €24,956 | €23,652 | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,372 | €7,309 | €1,193 | €5,386 | €8,682 | ▲ 61.2% |
| + Depreciation and write-downs630 | €3,804 | €7,950 | €12,811 | €11,103 | €11,404 | ▲ 2.7% |
| Operating cash flow (approximation) | €16,176 | €15,259 | €14,004 | €16,489 | €20,086 | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | -€46,577 | -€3,113 | -€2,145 | -€1,229 | ▲ 42.7% |
| Change in cash | - | €3,931 | -€79,774 | €6,662 | €37,151 | ▲ 458% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1,193 ▼83.7%
Net result drops to €1,193, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.85
Current ratio from 1.79 to 4.85; short-term debt falls from €74,975 to €19,422.
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €19,571 ▲9.5%
Operating result €33,658, net result €19,571, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2014
Ground area
564 m²
Building footprint
299 m²
Volume, LiDAR
2,154 m³
Parcel 21673D0143/00V028, Brussels · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
RENOVATIS
since 20142.235.843.466
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0143/00V028 | Brussels | 564 m² | 1 · 299 m² | 17.1 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.
Similar companies · same sector, comparable size
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ART MASTER
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BE 0840.164.213
Gent · Eq €19,808
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,517 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
Founded06-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563673136
Also
9925:BE0563673136
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.