Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 5 to 4.
Financials
Financial year 2025
RENODA from Pajottegem, company number BE0461826007, closed financial year 2025 with a result of € -443,640 after tax. For that financial year RENODA recorded a gross margin of € -192,660 and equity of € -210,556. Compared with financial year 2024, the result moved from € -48,870 to € -443,640. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2026.
€ -210,556
▼ € 443,640 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -443,640
▼ 808 % more loss than in 2024
Profit after tax over the fiscal year.
€ 565,067
▲ € 540,109 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -256,556.
People and assets in 2025
4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 153,162
▼ 9% vs 2024
€ 38,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 132,869
▼ 35% vs 2024
Of which on lease € 131,675.
Debts at end 2025
€ 1.4 million
▲ 32% vs 2024
€ 46,918 is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 99,569
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,719
▲ € 28,185 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 494,314 | € 291,690 | € 220,498 | € -192,660 | ▼ € 413,158 |
| Profit after taxes | € -13,493 | € 15,203 | € -48,870 | € -443,640 | ▼ € 394,770 |
| Equity | € 266,751 | € 281,954 | € 233,084 | € -210,556 | ▼ € 443,640 |
| Total debts | € 1,565,907 | € 1,394,567 | € 1,229,047 | € 1,542,541 | ▲ 26% |
| Cash | € 1,385,684 | € 852,058 | € 24,958 | € 565,067 | ▲ € 540,109 |
| Retained profit | € 220,751 | € 235,954 | € 187,084 | € -256,556 | ▼ € 443,640 |
| Bank debt | € 1,380,327 | € 1,293,878 | € 1,069,061 | € 1,409,254 | ▲ 32% |
| Balance sheet total | € 1,832,658 | € 1,676,521 | € 1,462,131 | € 1,331,985 | ▼ 9% |
| Employees (FTE) | 5 | 5 | 4.4 | 4 | ▼ 0.4 |
Key figures of RENODA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RENODA?
What happened at RENODA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 443,640. filed late Source: NBB ↗
- New establishment in Pajottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,493 loss in 2022 to € 443,640 loss in 2025.
Paid € 46,223 in corporate taxes since 2022.
Best year ever: 2023, with € 15,203 profit.
On average € 50,100 of value added per employee in 2024.
Management
Behind RENODA are Stefan Pauwels, Steve Pauwels and David Pauwels. The same people are also behind HOF TER MOLLEKEN. Steve Pauwels is also behind Hof ter Molleken Stables. David Pauwels is also behind Hof ter Molleken Stables.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Ter Mollekenstraat 8
1755 Pajottegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.826.007
- VAT number
- BE 0461.826.007
- Registered office
- Ter Mollekenstraat 8, 1755 Pajottegem
- Names & denominations
- RENODA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 1997
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Bouw van tunnels, bruggen, viaducten en dergelijke
Bouw van bruggen en tunnels
Overige gespecialiseerde bouwactiviteiten, neg
Restaureren van bouwwerken