Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Renecovation is 2.4% (moderate). The 2024 annual accounts show equity of €21k and a net result of €1k. Its solvency ranks better than 95% of 3842 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 3842 peers (2024). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 23-06-2025 | 38 d early | 2025-00162957 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.4%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€1k
Working capital€14k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 90.8% | 39.5% | |
| Net result | €1k | €9k | |
| Equity | €21k | €29k | |
| Gross operating margin | €4k | €26k | |
| Total assets | €24k | €85k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €3k |
| Net profit | €1k |
| Cash flow | €3k |
| Staff costs | - |
| Income taxes | €453 |
| Dividends | - |
| Total assets | €24k |
| Equity | €21k |
| Debt | €2k |
| of which ≤ 1y | €2k |
| of which > 1y | - |
| Working capital | €14k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 7.30 |
| Quick ratio | 7.30 |
| Working capital ratio | 58.2% |
| Solvency | 90.8% |
| Debt / equity | 0.10 |
| Long-term debt ratio | - |
| Interest coverage | 21.11 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.7% |
| ROE | 6.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €24k |
| Fixed assets | 21/28 | €8k |
| Tangible fixed assets | 22/27 | €7k |
| Financial fixed assets | 28 | €780 |
| Current assets | 29/58 | €16k |
| Amounts receivable within one year | 40/41 | €15k |
| Cash & bank | 54/58 | €520 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €24k |
| Equity | 10/15 | €21k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €1k |
| Amounts payable | 17/49 | €2k |
| Amounts payable within one year | 42/48 | €2k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €4k |
| Operating result | 9901 | €2k |
| Financial income | 75 | €141 |
| Financial charges | 65 | €158 |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €453 |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directors3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current01-10-2025 → present
Former directors (2)
-
Former04-03-2024 → 01-10-2025
2 events
- 01-10-2025 Resigned· Director
- 04-03-2024 Appointed· Director
-
Former- → 04-03-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 24-10-2023 |
| Status | Active |
| Postal code | 2600 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationRenecovation
since 20232.351.534.772
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area655 m²
Buildings1
Building footprint441 m²
Volume (LiDAR)1,592 m³
Tallest building7.2 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0099/00M008 | Flanders | 655 m² | 1 · 441 m² | 7.2 m · 1 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts All acts · 3
updated 8 months ago
2025
10-12-2025 1 director appointed, 1 resigning
2024
02-04-2024 1 director appointed, 1 resigning
2023
26-10-2023 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
4 of 5 axes measured71
/ 100
Strong profile, led by solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
86
Profitability
31
Solvency
100
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 5,402 of the 29,620 companies in this sector. 4,759 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene elektrotechnische installatiewerken43211Sanitaire werkzaamheden43221Installatie van isolatie43230Isolatiewerkzaamheden43291Schrijnwerk43320Dakwerkzaamheden43410
Primary activity highlighted.
Names & trade names
| Legal nameNL | Renecovation |
Registered office
Pieter Jozef Nauwelaertsstraat 20
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.