TWO RENOVATIONS
ActiveSummary
TWO RENOVATIONS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37) and a net result of €7,422. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+96
Solvency25▲+25
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.42 in 2024; short-term debt: 100.4% and cash: 56% of total assets), and equity is negative.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
74.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 9%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
41 d early
2023
45 d early
2022
62 d early
2021
45 d early
2020
22 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,422
2024 · -€3,533
Working capital
-€1,728▲ 81.5%
2024 · -€9,334
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€5,314▼ 13.4%-€16,247€14,238-€2,096€8,386
Net result€3,937within the sector's middle half▼ 20.1%-€17,392below the sector's middle half€11,011within the sector's middle half-€3,533below the sector's middle half€7,422within the sector's middle half
Equity€2,455below the sector's middle half-€14,937below the sector's middle half-€3,926below the sector's middle half▲ 73.7%-€7,459below the sector's middle half▼ 90.0%-€37below the sector's middle half▲ 99.5%
Total assets€24,527below the sector's middle half▲ 71.9%€18,397below the sector's middle half▼ 25.0%€17,329below the sector's middle half▼ 5.8%€8,676below the sector's middle half▼ 49.9%€9,938below the sector's middle half▲ 14.5%
Debt€22,072▲ 40.1%€33,334▲ 51.0%€21,255▼ 36.2%€16,135▼ 24.1%€9,975▼ 38.2%
Working capital-€1,536below the sector's middle half▲ 74.2%-€20,844below the sector's middle half▼ 1,257%-€7,792below the sector's middle half▲ 62.6%-€9,334below the sector's middle half▼ 19.8%-€1,728below the sector's middle half▲ 81.5%
Solvency10.0%below the sector's middle half▲ 20.4pp-81.2%below the sector's middle half▼ 91.2pp-22.7%below the sector's middle half▲ 58.5pp-86.0%below the sector's middle half▼ 63.3pp-0.4%below the sector's middle half▲ 85.6pp
Current ratio0.93below the sector's middle half▲ 0.310.37below the sector's middle half▼ 0.560.63below the sector's middle half▲ 0.260.42below the sector's middle half▼ 0.210.83below the sector's middle half▲ 0.41
Return on assets (ROA)16.1%within the sector's middle half▼ 18.5pp-94.5%below the sector's middle half▼ 110.6pp63.5%above the sector's middle half▲ 158.1pp-40.7%below the sector's middle half▼ 104.3pp74.7%above the sector's middle half▲ 115.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,386 after a loss of €2,096 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9,938
Fixed assets
€1,691 ▼ 9.8%
Current assets
€8,247 ▲ 21.3%
Key figures and ratios
EBITDA
€10,360▲
2024 · €561
Cash flow
€9,396▲
2024 · -€876
Interest coverage
10.75▲
2024 · 0.48
Debt ≤ 1 year
€9,975▼
2024 · €16,135
Equity ratios withheld: equity of -€37 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 3,632 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,844 | €3,375 | €3,834 | €2,657 | €1,974 | ▼ 25.7% |
| Other operating charges640/8 | €597 | €1,595 | €754 | €688 | €580 | ▼ 15.7% |
| Gross operating margin9900 | €9,755 | -€11,277 | €18,826 | €1,249 | €10,940 | ▲ 776% |
| Operating profit (loss)9901 | €5,314 | -€16,247 | €14,238 | -€2,096 | €8,386 | ▲ 500% |
| Financial charges65/66B | €613 | €645 | €1,162 | €1,180 | €964 | ▼ 18.3% |
| Recurring financial charges65 | €613 | €645 | €1,162 | €1,180 | €964 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €4,701 | -€16,892 | €13,076 | -€3,276 | €7,422 | ▲ 327% |
| Income taxes67/77 | €764 | €500 | €2,065 | €257 | - | - |
| Profit (loss) for the period9904 | €3,937 | -€17,392 | €11,011 | -€3,533 | €7,422 | ▲ 310% |
| Profit (loss) for the period to be appropriated9905 | €3,937 | -€17,392 | €11,011 | -€3,533 | €7,422 | ▲ 310% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,527 | €18,397 | €17,329 | €8,676 | €9,938 | ▲ 14.5% |
| Fixed assets21/28 | €3,991 | €5,907 | €3,866 | €1,875 | €1,691 | ▼ 9.8% |
| Tangible fixed assets22/27 | €3,781 | €5,697 | €3,768 | €1,777 | €1,593 | ▼ 10.4% |
| Plant, machinery and equipment23 | €1,524 | €4,087 | €2,284 | €1,014 | €1,063 | ▲ 4.8% |
| Furniture and vehicles24 | €2,257 | €1,610 | €1,484 | €763 | €530 | ▼ 30.5% |
| Financial fixed assets28 | €210 | €210 | €98 | €98 | €98 | = |
| Current assets29/58 | €20,536 | €12,490 | €13,463 | €6,801 | €8,247 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €6,567 | €5,777 | €5,762 | €6,801 | €2,682 | ▼ 60.6% |
| Trade receivables40 | €4,674 | €5,661 | €3,371 | €5,223 | €691 | ▼ 86.8% |
| Other amounts receivable41 | €1,893 | €116 | €2,391 | €1,578 | €1,991 | ▲ 26.2% |
| Cash at bank and in hand54/58 | €4,685 | €6,713 | €7,701 | - | €5,565 | - |
| Deferred charges and accrued income490/1 | €9,284 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,527 | €18,397 | €17,329 | €8,676 | €9,938 | ▲ 14.5% |
| Equity10/15 | €2,455 | -€14,937 | -€3,926 | -€7,459 | -€37 | ▲ 99.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | - | - | - | - |
| Other1109/19 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €335 | €335 | €335 | €335 | €335 | = |
| Non-distributable reserves130/1 | €335 | €335 | €335 | €335 | €335 | = |
| Reserves not available under the articles1311 | €335 | €335 | €335 | €335 | €335 | = |
| Profit (loss) carried forward14 | -€4,080 | -€21,472 | -€10,461 | -€13,994 | -€6,572 | ▲ 53.0% |
| Amounts payable17/49 | €22,072 | €33,334 | €21,255 | €16,135 | €9,975 | ▼ 38.2% |
| Amounts payable within one year42/48 | €22,072 | €33,334 | €21,255 | €16,135 | €9,975 | ▼ 38.2% |
| Financial debts43 | - | - | - | €509 | - | - |
| Credit institutions430/8 | - | - | - | €509 | - | - |
| Trade debts44 | €4,178 | €7,119 | €2,921 | €2,127 | €4,775 | ▲ 124% |
| Suppliers440/4 | €4,178 | €7,119 | €2,921 | €2,127 | €4,775 | ▲ 124% |
| Taxes, remuneration and social security45 | €2,200 | - | - | - | - | - |
| Taxes450/3 | €2,200 | - | - | - | - | - |
| Other amounts payable47/48 | €15,694 | €26,215 | €18,334 | €13,499 | €5,200 | ▼ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,937 | -€17,392 | €11,011 | -€3,533 | €7,422 | ▲ 310% |
| + Depreciation and write-downs630 | €3,844 | €3,375 | €3,834 | €2,657 | €1,974 | ▼ 25.7% |
| Operating cash flow (approximation) | €7,781 | -€14,017 | €14,845 | -€876 | €9,396 | ▲ 1,173% |
| Investment in fixed assets (approximation) | - | -€5,291 | -€1,793 | -€666 | -€1,790 | ▼ 169% |
| Change in cash | - | €2,028 | €988 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7,422
Net result €7,422 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11,011
Net result €11,011 after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€17,392
Net result drops to -€17,392, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €904
Net result €904 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hannut · 1 establishment unit since 2007
Ground area
356 m²
Building footprint
80 m²
Parcel 64049A0482/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
TWO RENOVATIONS SPRL
since 20072.164.018.728
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64049A0482/00S000 | Wallonia | 356 m² | 1 · 80 m² | - |
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.
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Of 749 companies in sector 43332 we hold annual accounts for 411. 71 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
Founded04-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43332Laying of wooden floor and wall coverings
43320Joinery installation
43410Roofing work
Contact
E-mail
olivier.wyame@skynet.beHannut
Phone
0475/832991Hannut
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890570955
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.