TON RENOVATION
ActiveThe computed 12-month bankruptcy probability of TON RENOVATION is 5.1% (elevated). The 2024 annual accounts show equity of €8k and a net result of €6k. Equity is growing by ~96.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▲+34
Solvency56▲+18
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.46 against 0.83 in 2023; short-term debt: 68.6% and cash: 10.8% of total assets), and 68.6% 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.
+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 dateAge against the risk zone
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 →
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
31.4%
Return on assets
23%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
64 d late
2022
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€8k▲ 272%
2023 · €2k
2022: €3k
2023: €2k
2022 → 2024
Total assets
€25k▲ 57.0%
2023 · €16k
2022: €8k
2023: €16k
2022 → 2024
Net result
€6k
2023 · €-580
2022: €-284
2023: €-580
2022 → 2024
Working capital
€8k
2023 · €-2k
2022: €-4k
2023: €-2k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€2k▼ 21.4%€8k▲ 272%
Operating result€23-€2k▲ 10,223%€12k▲ 390%
Net result€-284-€-580▼ 104%€6k
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 two years in a row; 2024 is 390% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €25k
Equity
€8k▲ 272%
Debt
€17k▲ 24.1%
The debt ratio falls from 86.7% to 68.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2023 · €5k
Cash flow
€10k▲
2023 · €2k
Solvency
31.4%▲
2023 · 13.3%
Current ratio
1.46▲
2023 · 0.83
Quick ratio
1.46▲
2023 · 0.83
Debt / equity
2.18▼
2023 · 6.53
ROE
73.1%▲
2023 · -27.2%
ROA
23.0%▲
2023 · -3.6%
Interest coverage
29.04▲
2023 · 5.86
Debt
€17k▲
2023 · €14k
Debt ≤ 1 year
€17k▲
2023 · €14k
Income taxes
€5k▲
2023 · €2k
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€16k€25k▲
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€12k€25k▲
Amounts receivable within one year40/41€11k€23k▲
Trade receivables40€7k€4k▼
Other amounts receivable41€3k€19k▲
Cash at bank and in hand54/58€912€3k▲
Equity and liabilities
Total equity and liabilities10/49€16k€25k▲
Equity10/15€2k€8k▲
Contributions10/11€3k€3k=
Reserves13-€5k
Distributable reserves133-€5k
Profit (loss) carried forward14€-864-
Amounts payable17/49€14k€17k▲
Amounts payable within one year42/48€14k€17k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€505€149▼
Gross operating margin9900€5k€16k▲
Operating profit (loss)9901€2k€12k▲
Financial charges65/66B€825€558▼
Recurring financial charges65€825€558▼
Profit (loss) for the period before taxes9903€2k€11k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€-580€6k▲
Profit (loss) for the period to be appropriated9905€-580€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-864€5k▲
Profit (loss) brought forward from the previous period14P€-284€-864▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Weakest financial yearnet €-580
Net result drops to €-580, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
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, Elsene · 1 establishment unit since 2021
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.
Derbylaan 211050 ElseneGround area
153 m²
Building footprint
97 m²
Volume, LiDAR
982 m³
Parcel 21446D0136/00S003, Brussels · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ton Renovation
since 20212.327.112.944
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0136/00S003 | Brussels | 153 m² | 1 · 97 m² | 13.7 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.
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 4,107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43240Other construction installation
43299Specialised construction activities
43310Plastering work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.