RÉNOVÉ
Open bankruptcyA bankruptcy procedure is open for RÉNOVÉ according to publications in the Belgian State Gazette; curator: PIETER HUYGHE. The 2021 annual accounts show equity of €44k and a net result of €55k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€44k▲ 169%
2020 · €16k
2018: €140
2019: €2k
2020: €16k
2018 → 2021
Total assets
€494k▲ 75.0%
2020 · €282k
2018: €168k
2019: €160k
2020: €282k
2018 → 2021
Net result
€55k▲ 86.2%
2020 · €30k
2018: €-6k
2019: €5k
2020: €30k
2018 → 2021
Working capital
€-69k▲ 46.1%
2020 · €-129k
2018: €-50k
2019: €-67k
2020: €-129k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€140-€2k▲ 1,143%€16k▲ 838%€44k▲ 169%
Operating result€-2k-€12k€33k▲ 182%€68k▲ 104%
Net result€-6k-€5k€30k▲ 480%€55k▲ 86.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 104% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €494k
Fixed assets
€313k▲ 80.7%
Current assets
€181k▲ 65.9%
Equity and liabilities €494k
Equity
€44k▲ 169%
Debt
€450k▲ 69.2%
The debt ratio falls from 94.2% to 91.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2020 · €49k
Cash flow
€78k▲
2020 · €46k
Solvency
8.9%▲
2020 · 5.8%
Current ratio
0.72▲
2020 · 0.46
Quick ratio
0.72▲
2020 · 0.45
Debt / equity
10.26▲
2020 · 1.74
ROE
125.6%▼
2020 · 181.4%
ROA
11.2%▲
2020 · 10.5%
Interest coverage
25.17
Debt
€450k▲
2020 · €266k
Debt ≤ 1 year
€250k▲
2020 · €237k
Debt > 1 year
€163k▲
2020 · €28k
Income taxes
€9k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€282k€494k▲
Fixed assets21/28€173k€313k▲
Intangible fixed assets21€22k€16k▼
Tangible fixed assets22/27€151k€297k▲
Land and buildings22-€74k
Plant, machinery and equipment23-€20k
Furniture and vehicles24-€48k
Other tangible fixed assets26-€154k
Current assets29/58€109k€181k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36-€1k
Amounts receivable within one year40/41€105k€117k▲
Trade receivables40-€115k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€561€63k▲
Deferred charges and accrued income490/1-€123
Equity and liabilities
Total equity and liabilities10/49€282k€494k▲
Equity10/15€16k€44k▲
Contributions10/11-€6k
Reserves13€47€47=
Non-distributable reserves130/1-€47
Reserves not available under the articles1311-€47
Profit (loss) carried forward14€10k€38k▲
Amounts payable17/49€266k€450k▲
Amounts payable after more than one year17€28k€163k▲
Financial debts170/4-€163k
Amounts payable within one year42/48€237k€250k▲
Current portion of amounts payable after more than one year42-€4k
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€96k€111k▲
Suppliers440/4-€111k
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48-€99k
Accrued charges and deferred income492/3-€36k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€22k▲
Other operating charges640/8-€3k
Gross operating margin9900€53k€93k▲
Operating profit (loss)9901€33k€68k▲
Financial income75/76B-€114
Recurring financial income75€330€114▼
Financial charges65/66B-€4k
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€30k€64k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€30k€55k▲
Profit (loss) for the period to be appropriated9905€30k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€65k
Profit (loss) brought forward from the previous period14P-€10k
Profit to be distributed694/7-€28k
Directors or managers695-€28k
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
2024
04-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · RENOVE BV GROTE MARKT 96/A, 9060 ZELZATE · event 27-02-2024
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 317 days late
2021
31-12
Financial
Highest result since 2018net €55k ▲86.2%
Operating result €68k, net result €55k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 81 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zelzate · 1 establishment unit since 2017
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.
Grote Markt 969060 ZelzateGround area
99 m²
Building footprint
57 m²
Volume, LiDAR
505 m³
Parcel 43018A0530/00A003, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Wine not?
since 20172.262.242.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43018A0530/00A003 | Flanders | 99 m² | 1 · 57 m² | 12.9 m · 3 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT- |
27-02-2024 → present |
Recognitions · licences · registrations
Dual-learning approval
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 2,294 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-03-2017
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.