THE RENOVATOR
ActiveTHE RENOVATOR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189k and a net result of €46k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+22
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 5.81 against 20.76 in 2024; short-term debt: 13.1% and cash: 69.5% of total assets), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
86.9%
Return on assets
21.1%
Age of the figures
12 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 · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 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
31 d late
2024
2 d late
2023
32 d early
2022
5 d late
2021
9 d late
2020
22 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€189k▼ 26.7%
2024 · €258k
2018: €123k
2019: €138k
2020: €171k
2021: €237k
2022: €250k
2023: €300k
2024: €258k
2018 → 2025
Total assets
€218k▼ 19.1%
2024 · €269k
2018: €251k
2019: €236k
2020: €238k
2021: €304k
2022: €302k
2023: €351k
2024: €269k
2018 → 2025
Net result
€46k▲ 415%
2024 · €9k
2018: €51k
2019: €45k
2020: €32k
2021: €66k
2022: €51k
2023: €50k
2024: €9k
2018 → 2025
Working capital
€137k▼ 36.8%
2024 · €217k
2018: €75k
2019: €105k
2020: €153k
2021: €226k
2022: €175k
2023: €245k
2024: €217k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€237k-€250k▲ 5.4%€300k▲ 20.1%€258k▼ 13.8%€189k▼ 26.7%
Operating result€96k-€72k▼ 24.8%€71k▼ 1.8%€14k▼ 79.7%€65k▲ 353%
Net result€66k-€51k▼ 23.7%€50k▼ 0.9%€9k▼ 82.2%€46k▲ 415%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 353% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218k
Fixed assets
€52k▲ 27.1%
Current assets
€166k▼ 27.4%
Equity and liabilities €218k
Equity
€189k▼ 26.7%
Debt
€29k▲ 160%
The debt ratio rises from 4.1% to 13.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88k▲
2024 · €37k
Cash flow
€69k▲
2024 · €32k
Solvency
86.9%▼
2024 · 95.9%
Current ratio
5.81▼
2024 · 20.76
Quick ratio
5.81▼
2024 · 20.76
Debt / equity
0.15▲
2024 · 0.04
ROE
24.3%▲
2024 · 3.5%
ROA
21.1%▲
2024 · 3.3%
Interest coverage
50.04▲
2024 · 34.82
Debt
€29k▲
2024 · €11k
Debt ≤ 1 year
€29k▲
2024 · €11k
Income taxes
€19k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€269k€218k▼
Fixed assets21/28€41k€52k▲
Tangible fixed assets22/27€41k€52k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€37k€49k▲
Current assets29/58€228k€166k▼
Amounts receivable within one year40/41€7k€11k▲
Trade receivables40€360€11k▲
Other amounts receivable41€7k-
Current investments50/53€4k€3k▼
Cash at bank and in hand54/58€218k€152k▼
Equity and liabilities
Total equity and liabilities10/49€269k€218k▼
Equity10/15€258k€189k▼
Contributions10/11€8k€8k=
Reserves13€249k€180k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€247k€178k▼
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€11k€29k▲
Amounts payable within one year42/48€11k€29k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€75€9k▲
Suppliers440/4€75€9k▲
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3-€10k
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€3k€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€40k€91k▲
Operating profit (loss)9901€14k€65k▲
Financial income75/76B€832€2k▲
Recurring financial income75€832€2k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€14k€65k▲
Income taxes67/77€5k€19k▲
Profit (loss) for the period9904€9k€46k▲
Profit (loss) for the period to be appropriated9905€9k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€48k▲
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer from equity791/2€46k€115k▲
Transfer to equity691/2€9k€46k▲
To other reserves6921€9k€46k▲
Profit to be distributed694/7€46k€115k▲
Return on contributions (dividend)694€46k€115k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
30-09
Financial
Weakest financial yearnet €9k ▼82.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 20.76
Current ratio from 6.27 to 20.76; short-term debt falls from €47k to €11k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-09
Financial
Highest result since 2018net €66k ▲107%
Operating result €96k, net result €66k, both a record.
30-09
Financial
Equity above €200kEq €237k ▲39%
4 profitable years in a row build equity to €237k.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €171k ▲23.2%
3 profitable years in a row build equity to €171k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2009
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.
Kapucijnenvoer 903000 LeuvenGround area
100 m²
Building footprint
69 m²
Volume, LiDAR
689 m³
Parcel 24504E0455/00H002, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
THE RENOVATOR
since 20092.175.496.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0455/00H002 | Flanders | 100 m² | 1 · 69 m² | 14.4 m · 4 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.
Similar companies · same sector, comparable size
VANHAMEL PETER
BE 0434.945.327
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S & L GROUP
BE 0693.981.253
Elsene · Eq €189k
SOLAR ASSET MANAGEMENT CORPORATION
BE 0653.732.785
Heusden-Zolder · Eq €190k
OF-TRONICS
BE 0668.994.647
Mettet · Eq €190k
A & F ELEC
BE 0849.379.114
Elsene · Eq €190k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2009
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43341Painting of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.