RENOWELL
ActiveRENOWELL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €17k. Equity is shrinking by ~13.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 1301 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
68
/ 100
Healthy▲ +12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency39▲+27
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.0 in 2023), but 92.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
7.8%
Return on assets
5.3%
Age of the figures
20 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1301 sector peers (2024).
NBB · sector comparisonPosition among 1301 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
70 d late
2021
16 d late
2020
30 d late
2019
265 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 80.9%
2023 · €88k
2018: €23k
2019: €-4k
2020: €346
2021: €19k
2022: €-157k
2023: €88k
2018 → 2024
Working capital
€182k
2023 · €-490
2018: €-80k
2019: €-17k
2020: €33k
2021: €46k
2022: €-94k
2023: €-490
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€77k▲ 6.0%€-80k€8k€25k▲ 213%
Operating result€5k-€26k▲ 401%€-124k€117k€59k▼ 49.4%
Net result€346-€19k▲ 5,502%€-157k€88k€17k▼ 80.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€3k▼ 59.4%
Current assets
€312k▼ 14.6%
Equity and liabilities €316k
Equity
€25k▲ 213%
Debt
€291k▼ 20.6%
The debt ratio falls from 97.9% to 92.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€65k▼
2023 · €122k
Cash flow
€22k▼
2023 · €93k
Solvency
7.8%▲
2023 · 2.1%
Current ratio
2.40▲
2023 · 1.00
Quick ratio
1.94▲
2023 · 0.70
Debt / equity
11.81▼
2023 · 46.59
ROE
68.1%
ROA
5.3%▼
2023 · 23.4%
Interest coverage
1.54▼
2023 · 4.21
Debt
€291k▼
2023 · €366k
Debt ≤ 1 year
€130k▼
2023 · €366k
Debt > 1 year
€161k
Income taxes
€314
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€374k€316k▼
Fixed assets21/28€8k€3k▼
Intangible fixed assets21€5k-
Tangible fixed assets22/27€660-
Furniture and vehicles24€660-
Financial fixed assets28€3k€3k▲
Current assets29/58€366k€312k▼
Stocks and contracts in progress3€110k€60k▼
Stocks30/36€110k€60k▼
Amounts receivable within one year40/41€221k€252k▲
Trade receivables40€164k€196k▲
Other amounts receivable41€57k€56k▼
Cash at bank and in hand54/58€35k-
Deferred charges and accrued income490/1-€841
Equity and liabilities
Total equity and liabilities10/49€374k€316k▼
Equity10/15€8k€25k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€26k€26k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€24k€24k=
Profit (loss) carried forward14€-36k€-20k▲
Amounts payable17/49€366k€291k▼
Amounts payable after more than one year17-€161k
Financial debts170/4-€161k
Amounts payable within one year42/48€366k€130k▼
Current portion of amounts payable after more than one year42€256k€50k▼
Financial debts43-€21k
Credit institutions430/8-€21k
Trade debts44€66k€50k▼
Suppliers440/4€66k€50k▼
Advances received on contracts in progress46€41k€9k▼
Taxes, remuneration and social security45€777€314▼
Taxes450/3€777€314▼
Other amounts payable47/48€3k-
Income statement
Code20232024
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€882€958▲
Gross operating margin9900€127k€66k▼
Operating profit (loss)9901€117k€59k▼
Financial income75/76B€135€201▲
Recurring financial income75€135€201▲
Financial charges65/66B€29k€42k▲
Recurring financial charges65€29k€42k▲
Profit (loss) for the period before taxes9903€88k€17k▼
Income taxes67/77-€314
Profit (loss) for the period9904€88k€17k▼
Profit (loss) for the period to be appropriated9905€88k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-20k▲
Profit (loss) brought forward from the previous period14P€-124k€-36k▲
Social balance
Average headcount (FTE)90873,983.7-
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.40
Current ratio from 1.00 to 2.40; short-term debt falls from €366k to €130k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-157k ▼909%
Net result drops to €-157k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 265 days late
2020
31-12
Financial
Back to profitnet €346
Net result €346 after one loss-making year.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zaventem · 2 establishment units since 2013
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.
Doggeweg 351930 ZaventemGround area
251 m²
Building footprint
209 m²
Volume, LiDAR
1,397 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RENOWELL
since 20132.223.129.043
RENOWELL
since 20192.301.668.953
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0176/00P006 | Flanders | 138 m² | 1 · 96 m² | 10.8 m · 2 fl. |
| 23094D0171/00H000 | Flanders | 113 m² | 1 · 113 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 11,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.