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RENOWAND

Active
Private limited companyfounded 20233 yrs activeTipstraat 116, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0800.925.733
Summary

The computed 12-month bankruptcy probability of RENOWAND is 5.2% (elevated). The 2025 annual accounts show negative equity (-€43,508) and a net result of -€44,040. Equity is shrinking by ~217.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 7598 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-26
Growth32=
Track record94
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 1.01 in 2024; short-term debt: 902.7% and cash: 8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-802.7%
Return on assets
-812.5%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€43,508
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
34 d early
2023
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 22 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. Usually files around 29 June (3 of the last 3 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

RENOWAND was incorporated on 19 April 2023 as a Private limited company.1 The board currently has 2 members; JMB Holding B.V. has served longest, since 2026.2 Total assets fell from EUR 16,724 in 2023 to EUR 5,421 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 17-06-2026
  3. 3National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€43,508
2024 · €532
Total assets
€5,421▼ 89.4%
2024 · €51,230
Net result
-€44,040▼ 253%
2024 · -€12,484
Working capital
-€48,016
2024 · €532
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
Line202320242025
Operating result€3,873--€12,088-€44,084▼ 265%
Net result€3,016within the sector's middle half--€12,484below the sector's middle half-€44,040below the sector's middle half▼ 253%
Equity€13,016within the sector's middle half-€532below the sector's middle half▼ 95.9%-€43,508below the sector's middle half
Total assets€16,724below the sector's middle half-€51,230below the sector's middle half▲ 206%€5,421below the sector's middle half▼ 89.4%
Debt€3,709-€50,698▲ 1,267%€48,928▼ 3.5%
Working capital€13,016within the sector's middle half-€532below the sector's middle half▼ 95.9%-€48,016below the sector's middle half
Solvency77.8%above the sector's middle half-1.0%below the sector's middle half▼ 76.8pp-802.7%below the sector's middle half▼ 803.7pp
Current ratio4.51above the sector's middle half-1.01below the sector's middle half▼ 3.500.02below the sector's middle half▼ 0.99
Return on assets (ROA)18.0%within the sector's middle half--24.4%below the sector's middle half▼ 42.4pp-812.5%below the sector's middle half▼ 788.1pp
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
-€60,000-€40,000-€20,000€0Operating result 2023: €3,873€3,873Net result 2023: €3,016€3,016Operating result 2024: -€12,088-€12,088Net result 2024: -€12,484-€12,484Operating result 2025: -€44,084-€44,084Net result 2025: -€44,040-€44,040202320242025-€60,000-€40,000-€20,000€0Operating result 2023: €3,873€3,870Net result 2023: €3,016€3,020Operating result 2024: -€12,088-€12,100Net result 2024: -€12,484-€12,500Operating result 2025: -€44,084-€44,100Net result 2025: -€44,040-€44,000202320242025
The operating result stays negative: a loss of €44,084 in 2025 against €12,088 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
Assets €5,421
Fixed assets €4,508
Current assets €912
Key figures and ratios
2025 value · change against 2024
EBITDA
-€42,957
Cash flow
-€42,913
Debt to equity
-1.12
Interest coverage
968.16
Debt ≤ 1 year
€48,928▼
2024 · €50,698
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,638 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€51,230€5,421▼
Fixed assets21/28-€4,508
Intangible fixed assets21-€4,508
Current assets29/58€51,230€912▼
Amounts receivable within one year40/41€28,684€478▼
Trade receivables40€19,979€0▼
Other amounts receivable41€8,705€478▼
Cash at bank and in hand54/58€22,546€434▼
Equity and liabilities
Total equity and liabilities10/49€51,230€5,421▼
Equity10/15€532-€43,508▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€9,468-€53,508▼
Amounts payable17/49€50,698€48,928▼
Amounts payable within one year42/48€50,698€48,928▼
Trade debts44€49,868€48,928▼
Suppliers440/4€49,868€48,928▼
Taxes, remuneration and social security45€830€0▼
Taxes450/3€830€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,127
Other operating charges640/8€614€309▼
Gross operating margin9900-€11,474-€42,649▼
Operating profit (loss)9901-€12,088-€44,084▼
Financial charges65/66B€396-€44▼
Recurring financial charges65€396-€44▼
Profit (loss) for the period before taxes9903-€12,484-€44,040▼
Profit (loss) for the period9904-€12,484-€44,040▼
Profit (loss) for the period to be appropriated9905-€12,484-€44,040▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,468-€53,508▼
Profit (loss) brought forward from the previous period14P€3,016-€9,468▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€1,127-
Other operating charges640/8€485€614€309▼ 49.7%
Gross operating margin9900€4,358-€11,474-€42,649▼ 272%
Operating profit (loss)9901€3,873-€12,088-€44,084▼ 265%
Financial income75/76B€0---
Recurring financial income75€0---
Financial charges65/66B€27€396-€44▼ 111%
Recurring financial charges65€27€396-€44▼ 111%
Profit (loss) for the period before taxes9903€3,845-€12,484-€44,040▼ 253%
Income taxes67/77€830---
Profit (loss) for the period9904€3,016-€12,484-€44,040▼ 253%
Profit (loss) for the period to be appropriated9905€3,016-€12,484-€44,040▼ 253%
Line202320242025Change
Assets
Total assets20/58€16,724€51,230€5,421▼ 89.4%
Fixed assets21/28--€4,508-
Intangible fixed assets21--€4,508-
Current assets29/58€16,724€51,230€912▼ 98.2%
Amounts receivable within one year40/41€13,853€28,684€478▼ 98.3%
Trade receivables40€12,807€19,979€0▼ 100%
Other amounts receivable41€1,045€8,705€478▼ 94.5%
Cash at bank and in hand54/58€2,872€22,546€434▼ 98.1%
Equity and liabilities
Total equity and liabilities10/49€16,724€51,230€5,421▼ 89.4%
Equity10/15€13,016€532-€43,508▼ 8,279%
Contributions10/11€10,000€10,000€10,000=
Profit (loss) carried forward14€3,016-€9,468-€53,508▼ 465%
Amounts payable17/49€3,709€50,698€48,928▼ 3.5%
Amounts payable within one year42/48€3,709€50,698€48,928▼ 3.5%
Trade debts44€2,879€49,868€48,928▼ 1.9%
Suppliers440/4€2,879€49,868€48,928▼ 1.9%
Taxes, remuneration and social security45€830€830€0▼ 100%
Taxes450/3€830€830€0▼ 100%
Line202320242025Change
Profit (loss) for the period9904€3,016-€12,484-€44,040▼ 253%
+ Depreciation and write-downs630--€1,127-
Operating cash flow (approximation)€3,016-€12,484-€42,913▼ 244%
Change in cash-€19,674-€22,111▼ 212%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
19-06
State Gazette act Resignation: M.J.De Vos Holding B.V. (non-statutory director)
Permanent representatives: Martijn Jordy de Vos tot Nederveen Cappel and Roy Smit · Power of attorney9 facts ▸
  • General meeting, 17-12-2025
  • Director resignation, M.J.De Vos Holding B.V. (non-statutory director)
  • Permanent representative, Martijn Jordy de Vos tot Nederveen Cappel (vaste vertegenwoordiger belast met uitvoering bestuursmandaat)
  • Board meeting, 08-12-2025
  • Director resignation, M.J.De Vos Holding B.V. (day-to-day manager)
  • Permanent representative, Martijn Jordy de Vos tot Nederveen Cappel (vaste vertegenwoordiger belast met uitvoering bestuursmandaat)
  • Power of attorney
  • Director in office, R.Smit Holding B.V. (director)
  • Permanent representative, Roy Smit (permanent representative)
17-06
State Gazette act Appointments: JMB Holding B.V. (non-statutory director) and Mavajo (non-statutory director)
Permanent representatives: Berkers Jels and Joris Vanaenrode12 facts ▸
  • General meeting, 16-02-2026
  • Director appointment, JMB Holding B.V. (non-statutory director)
  • Permanent representative, Berkers Jels (permanent representative)
  • General meeting, kennis genomen van en akkoord gaan met de benoeming van Berkers Jels als vaste vertegenwoordiger van JMB Holding B.V.
  • Director appointment, Mavajo (non-statutory director)
  • Permanent representative, Joris Vanaenrode (permanent representative)
  • General meeting, kennis genomen van en akkoord gaan met de benoeming van Joris Vanaenrode als vaste vertegenwoordiger van Mavajo BV
  • Board meeting, 10-02-2026
  • Director appointment, JMB Holding B.V. (day-to-day manager)
  • Board meeting, kennis genomen van en akkoord gaan met de benoeming van Berkers Jels als vaste vertegenwoordiger van JMB Holding B.V.
  • Director appointment, Mavajo (day-to-day manager)
  • Board meeting, kennis genomen van en akkoord gaan met de benoeming van Joris Vanaenrode als vaste vertegenwoordiger van Mavajo BV
2025
31-12
Financial Weakest financial yearnet -€44,040
Net result drops to -€44,040, the lowest in the series.
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 directors, 2 in day-to-day management, last change in 2026

Board 2

JMB Holding B.V.
Non-statutory director · since 01-01-2026 · Legal entity · perm. rep.: Berkers Jels
Current
Mavajo
Non-statutory director · since 01-01-2026 · Legal entity · perm. rep.: Joris Vanaenrode
Current

Day-to-day management 2

JMB Holding B.V.
Day-to-day manager · since 01-01-2026 · Legal entity · perm. rep.: Berkers Jels
Current
Mavajo
Day-to-day manager · since 01-01-2026 · Legal entity · perm. rep.: Joris Vanaenrode
Current

Permanent representatives 2

Berkers Jels
Permanent representative · since 01-01-2026 · for JMB Holding B.V.
Current
Joris Vanaenrode
Permanent representative · since 01-01-2026 · for Mavajo
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
762 m²
Building footprint
607 m²
Volume, LiDAR
2,628 m³
Parcel 73005F0003/00Z002, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RENOWAND
Tipstraat 116, 3740 Bilzen-HoeseltGeneral construction of buildings
since 20232.346.763.659
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73005F0003/00Z002 Flanders 761 m² 1 · 607 m² 9.8 m · 1 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.

Mandate history

3 people since 2025, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
JMB Holding B.V.
  • Non-statutory director, from 01-01-2026 to date
  • Day-to-day manager, from 01-01-2026 to date
Mavajo
  • Non-statutory director, from 01-01-2026 to date
  • Day-to-day manager, from 01-01-2026 to date
M.J.De Vos Holding B.V.
  • Non-statutory director, until 19-12-2025
  • Day-to-day manager, until 19-12-2025
See the board, name and seat on a given date →

Articles of association

Other statement
One provision in the deed

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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Similar companies · same sector, comparable size

Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 1,066 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
Founded19-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Left the Peppol register

Left the register on 27 September 2026.

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Register as of 29 September 2026 · Peppol Directory

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