RENOV'ARGOR
ActiveRENOV'ARGOR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show negative equity (€-276k) and a net result of €-40k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 794 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2023
Axes · tick = 2022
Profitability72▼-16
Solvency33▼-1
Growth22=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.54 in 2022), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-411.9%
Return on assets
-59.4%
Age of the figures
32 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
18192223
2018 to 2023 · latest year -€276k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 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
not filed
2023
28 d late
2022
70 d late
2019
150 d late
2018
205 d late
2017
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€129k▼ 44.7%
2018 · €234k
2018: €234k
2018 → 2019
EBIT margin
-28.4%▼ 35.4pp
2018 · 7.0%
2018: 7.0%
2018 → 2019
Net result
€-40k▲ 3.9%
2022 · €-41k
2018: €10k
2019: €-47k
2022: €-41k
2018 → 2023
Working capital
€-85k▼ 63.7%
2022 · €-52k
2018: €-61k
2019: €-121k
2022: €-52k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920222023Trend
Turnover€234k-€129k▼ 44.7%
Equity€-106k-€-153k▼ 44.3%€-236k▼ 54.4%€-276k▼ 16.9%
Operating result€16k-€-37k€-37k▼ 1.1%€-36k▲ 2.4%
Net result€10k-€-47k€-41k▲ 11.7%€-40k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2023 against €37k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €67k
Fixed assets
€56k▼ 25.5%
Current assets
€11k▼ 81.5%
Key figures and ratios
EBITDA
€-17k▲
2022 · €-21k
Cash flow
€-21k▲
2022 · €-26k
Solvency
-411.9%▼
2022 · -173.3%
Current ratio
0.12▼
2022 · 0.54
Quick ratio
0.12▼
2022 · 0.54
Debt / equity
-1.24▲
2022 · -1.58
ROE
14.4%▼
2022 · 17.5%
ROA
-59.4%▼
2022 · -30.4%
Interest coverage
-4.82▼
2022 · -4.70
Debt
€343k▼
2022 · €373k
Debt ≤ 1 year
€96k▼
2022 · €114k
Debt > 1 year
€247k▼
2022 · €259k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€136k€67k▼
Fixed assets21/28€75k€56k▼
Intangible fixed assets21€24k€21k▼
Tangible fixed assets22/27€51k€35k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€46k€33k▼
Current assets29/58€62k€11k▼
Amounts receivable within one year40/41€60k€10k▼
Trade receivables40€60k€10k▼
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€136k€67k▼
Equity10/15€-236k€-276k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-255k€-295k▼
Amounts payable17/49€373k€343k▼
Amounts payable after more than one year17€259k€247k▼
Financial debts170/4€44k€32k▼
Other amounts payable178/9€215k€215k=
Amounts payable within one year42/48€114k€96k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Financial debts43-€209
Credit institutions430/8-€209
Trade debts44€64k€2k▼
Suppliers440/4€64k€2k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€36k€78k▲
Income statement
Code20222023
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€-16k€-14k▲
Operating profit (loss)9901€-37k€-36k▲
Financial income75/76B€211€17▼
Recurring financial income75€211€17▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-41k€-40k▲
Profit (loss) for the period9904€-41k€-40k▲
Profit (loss) for the period to be appropriated9905€-41k€-40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-255k€-295k▼
Profit (loss) brought forward from the previous period14P€-213k€-255k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 205 days late
2019
31-12
Financial
Weakest financial yearnet €-47k ▼563%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 408 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
09-01
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 162 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 27 days late
2012
24-10
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 85 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, Waterloo · 1 establishment unit since 2015
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.
Chaussée de Bruxelles 5241410 WaterlooGround area
216 m²
Building footprint
92 m²
Volume, LiDAR
858 m³
Parcel 25110A0581/00_000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RENOV'ARGOR
since 20152.253.883.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0581/00_000 | Wallonia | 216 m² | 1 · 92 m² | 11.0 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.
Similar companies · same sector, comparable size
JAMSIN
BE 0809.510.035
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Cécile Joaillerie
BE 1008.624.410
Jodoigne · Eq €2k
AURISTA
BE 1029.963.915
Lochristi · Eq €2k
MAISON LEYTENS
BE 0783.440.195
Antwerpen · Eq €2k
OS3 JEWELS
BE 1007.428.043
Ukkel · Eq €3k
Of 1,524 companies in sector 32123 we hold annual accounts for 225. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-11-1999
Fiscal year end31-12
Activities, NACEBEL
32123Manufacture of jewellery
47770Retail sale of watches and jewellery
32130Manufacture of imitation jewellery and related articles
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.