RENOVEX
ActiveRENOVEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €17k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+8
Solvency47▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.73 in 2024; short-term debt: 21.5% and cash: 1.1% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
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
21.5%
Return on assets
1.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-11-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
71 d early
2023
65 d early
2022
15 d early
2021
47 d early
2020
13 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€288k▲ 5.7%
2024 · €273k
2019: €223k
2020: €224k
2021: €264k
2022: €280k
2023: €277k
2024: €273k
2019 → 2025
Total assets
€1.34M▼ 4.5%
2024 · €1.40M
2019: €381k
2020: €376k
2021: €450k
2022: €468k
2023: €1.07M
2024: €1.40M
2019 → 2025
Net result
€17k
2024 · €-4k
2019: €220k
2020: €990
2021: €39k
2022: €16k
2023: €-3k
2024: €-4k
2019 → 2025
Working capital
€-183k▼ 129%
2024 · €-80k
2019: €247k
2020: €245k
2021: €269k
2022: €196k
2023: €-468k
2024: €-80k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€264k-€280k▲ 6.2%€277k▼ 1.1%€273k▼ 1.5%€288k▲ 5.7%
Operating result€44k-€17k▼ 60.8%€-888€21k€49k▲ 130%
Net result€39k-€16k▼ 58.4%€-3k€-4k▼ 33.2%€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 130% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€1.24M▲ 4.4%
Current assets
€105k▼ 52.4%
Equity and liabilities €1.34M
Equity
€288k▲ 5.7%
Provisions
€59k▼ 5.3%
Debt
€992k▼ 7.0%
The debt ratio falls from 76.1% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▲
2024 · €97k
Cash flow
€102k▲
2024 · €72k
Solvency
21.5%▲
2024 · 19.4%
Current ratio
0.36▼
2024 · 0.73
Quick ratio
0.26▼
2024 · 0.66
Debt / equity
3.44▼
2024 · 3.91
ROE
5.9%▲
2024 · -1.5%
ROA
1.3%▲
2024 · -0.3%
Interest coverage
4.17▲
2024 · 3.38
Debt
€992k▼
2024 · €1.07M
Debt ≤ 1 year
€288k▼
2024 · €300k
Debt > 1 year
€703k▼
2024 · €762k
Income taxes
€3k
Staff costs
€1k▼
2024 · €1k
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€1.40M€1.34M▼
Fixed assets21/28€1.18M€1.24M▲
Tangible fixed assets22/27€1.18M€1.23M▲
Land and buildings22€1.07M€1.16M▲
Plant, machinery and equipment23€50k€38k▼
Furniture and vehicles24€4k€4k▼
Leasing and similar rights25€57k€36k▼
Financial fixed assets28€1k€1k=
Current assets29/58€220k€105k▼
Stocks and contracts in progress3€21k€29k▲
Stocks30/36€21k€19k▼
Contracts in progress37-€11k
Amounts receivable within one year40/41€130k€57k▼
Trade receivables40€68k€56k▼
Other amounts receivable41€62k€1k▼
Cash at bank and in hand54/58€66k€15k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.34M▼
Equity10/15€273k€288k▲
Contributions10/11€19k€19k=
Reserves13€253k€270k▲
Tax-exempt reserves132€251k€238k▼
Distributable reserves133€2k€32k▲
Profit (loss) carried forward14€861€0▼
Provisions and deferred taxes16€63k€59k▼
Deferred taxes168€63k€59k▼
Amounts payable17/49€1.07M€992k▼
Amounts payable after more than one year17€762k€703k▼
Financial debts170/4€762k€703k▼
Amounts payable within one year42/48€300k€288k▼
Current portion of amounts payable after more than one year42€58k€59k▲
Trade debts44€33k€30k▼
Suppliers440/4€33k€30k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€962€8k▲
Taxes450/3€324€3k▲
Remuneration and social security454/9€638€4k▲
Other amounts payable47/48€208k€182k▼
Accrued charges and deferred income492/3€5k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€1k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€85k▲
Other operating charges640/8€9k€3k▼
Gross operating margin9900€108k€138k▲
Operating profit (loss)9901€21k€49k▲
Financial income75/76B€95€130▲
Recurring financial income75€95€130▲
Financial charges65/66B€29k€32k▲
Recurring financial charges65€29k€32k▲
Profit (loss) for the period before taxes9903€-8k€17k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77-€3k
Profit (loss) for the period9904€-4k€17k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€9k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€861€31k▲
Profit (loss) brought forward from the previous period14P€-8k€861▲
Transfer from equity791/2-€704
Transfer to equity691/2-€30k
To other reserves6921-€30k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (14 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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
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
5 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, Ichtegem · 1 establishment unit since 2003
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.
Oostendesteenweg(FEER) 218-2208480 IchtegemGround area
1,069 m²
Building footprint
169 m²
Volume, LiDAR
960 m³
Parcel 35003B0918/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RENOVEX
since 20032.132.347.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003B0918/00S000 | Flanders | 1,069 m² | 1 · 169 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 515 EUR awarded · 1,092 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 303 EUR | 880 EUR |
| 2023 | 1 | 212 EUR | 212 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 11,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2003
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45211
45250
45212
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.