RENASCI
ActiveSummary
RENASCI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €9k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-40
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 13.6 against 12.94 in 2024; short-term debt: 6.7% and cash: 3.6% of total assets), and 7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
93%
Return on assets
0.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
5 d late
2023
29 d late
2022
on the day
2021
1 d late
2020
10 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.28M▼ 5.8%
2024 · €1.36M
2019: €833klowest in 7 years
2020: €872k▲ +4.7% vs 2019
2021: €836k▼ -4.1% vs 2020
2022: €1.22M▲ +46.2% vs 2021
2023: €1.31M▲ +7.2% vs 2022
2024: €1.36M▲ +3.5% vs 2023highest in 7 years
2025: €1.28M▼ -5.8% vs 2024
2019 → 2025
Total assets
€1.37M▼ 6.6%
2024 · €1.47M
2019: €861klowest in 7 years
2020: €950k▲ +10.4% vs 2019
2021: €1.01M▲ +6.7% vs 2020
2022: €1.32M▲ +30.0% vs 2021
2023: €1.38M▲ +4.9% vs 2022
2024: €1.47M▲ +6.4% vs 2023highest in 7 years
2025: €1.37M▼ -6.6% vs 2024
2019 → 2025
Net result
€9k▼ 93.3%
2024 · €131k
2019: €87k
2020: €89k▲ +2.8% vs 2019
2021: €64k▼ -27.6% vs 2020
2022: €438k▲ +579% vs 2021highest in 7 years
2023: €127k▼ -70.9% vs 2022
2024: €131k▲ +3.1% vs 2023
2025: €9k▼ -93.3% vs 2024lowest in 7 years
2019 → 2025
Working capital
€1.15M▼ 6.7%
2024 · €1.24M
2019: €302klowest in 7 years
2020: €402k▲ +33.3% vs 2019
2021: €427k▲ +6.3% vs 2020
2022: €1.10M▲ +157% vs 2021
2023: €1.19M▲ +8.1% vs 2022
2024: €1.24M▲ +4.0% vs 2023highest in 7 years
2025: €1.15M▼ -6.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€836k-€1.22M▲ 46.2%€1.31M▲ 7.2%€1.36M▲ 3.5%€1.28M▼ 5.8%
2021: €836klowest in 5 years
2022: €1.22M▲ +46.2% vs 2021
2023: €1.31M▲ +7.2% vs 2022
2024: €1.36M▲ +3.5% vs 2023highest in 5 years
2025: €1.28M▼ -5.8% vs 2024
Operating result€92k-€647k▲ 603%€180k▼ 72.2%€185k▲ 3.1%€-2k
2021: €92k
2022: €647k▲ +603% vs 2021highest in 5 years
2023: €180k▼ -72.2% vs 2022
2024: €185k▲ +3.1% vs 2023
2025: €-2k▼ -101% vs 2024lowest in 5 years
Net result€64k-€438k▲ 579%€127k▼ 70.9%€131k▲ 3.1%€9k▼ 93.3%
2021: €64k
2022: €438k▲ +579% vs 2021highest in 5 years
2023: €127k▼ -70.9% vs 2022
2024: €131k▲ +3.1% vs 2023
2025: €9k▼ -93.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €185k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€129k ▼ 1.1%
Current assets
€1.24M ▼ 7.1%
Equity and liabilities €1.37M
Equity
€1.28M ▼ 5.8%
Debt
€96k ▼ 15.4%
Debt's share of the balance-sheet total falls from 7.7% to 7.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-257▼
2024 · €187k
Cash flow
€10k▼
2024 · €133k
Current ratio
13.60▲
2024 · 12.94
Quick ratio
13.32▲
2024 · 12.70
Debt to equity
0.08▼
2024 · 0.08
ROE
0.7%▼
2024 · 9.7%
ROA
0.6%▼
2024 · 8.9%
Interest coverage
-0.94
Debt ≤ 1 year
€92k▼
2024 · €104k
Debt > 1 year
€870▼
2024 · €6k
Income taxes
€2k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.47M€1.37M▼
Fixed assets21/28€130k€129k▼
Tangible fixed assets22/27€130k€129k▼
Land and buildings22€119k€119k=
Plant, machinery and equipment23€11k€10k▼
Current assets29/58€1.34M€1.24M▼
Stocks and contracts in progress3€25k€25k=
Stocks30/36€25k€25k=
Amounts receivable within one year40/41€19k€47k▲
Trade receivables40€525€158▼
Other amounts receivable41€19k€47k▲
Current investments50/53-€1.12M
Cash at bank and in hand54/58€1.29M€50k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.37M▼
Equity10/15€1.36M€1.28M▼
Contributions10/11€99k€99k=
Capital10€99k€99k=
Issued capital100€99k€99k=
Revaluation surpluses12€11k€11k=
Reserves13€1.04M€955k▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€1.03M€945k▼
Profit (loss) carried forward14€203k€212k▲
Amounts payable17/49€114k€96k▼
Amounts payable after more than one year17€6k€870▼
Other amounts payable178/9€6k€870▼
Amounts payable within one year42/48€104k€92k▼
Trade debts44€2k€40▼
Suppliers440/4€2k€40▼
Taxes, remuneration and social security45€17k€131▼
Taxes450/3€17k€131▼
Other amounts payable47/48€85k€91k▲
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€18k€15k▼
Gross operating margin9900€205k€15k▼
Operating profit (loss)9901€185k€-2k▼
Financial income75/76B€675€13k▲
Recurring financial income75€675€13k▲
Financial charges65/66B-€275
Recurring financial charges65-€275
Profit (loss) for the period before taxes9903€186k€11k▼
Income taxes67/77€55k€2k▼
Profit (loss) for the period9904€131k€9k▼
Profit (loss) for the period to be appropriated9905€131k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€334k€212k▼
Profit (loss) brought forward from the previous period14P€203k€203k▲
Transfer from equity791/2€85k€88k▲
Transfer to equity691/2€131k-
To other reserves6921€131k-
Profit to be distributed694/7€85k€88k▲
Return on contributions (dividend)694€85k€88k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €40k | €13k | €1k | €1k | = |
| Other operating charges640/8 | - | €5k | €5k | €18k | €15k | ▼ 18.3% |
| Gross operating margin9900 | €171k | €692k | €197k | €205k | €15k | ▼ 92.9% |
| Operating profit (loss)9901 | €92k | €647k | €180k | €185k | €-2k | ▼ 101% |
| Financial income75/76B | - | €329 | €321 | €675 | €13k | ▲ 1,823% |
| Recurring financial income75 | €347 | €329 | €321 | €675 | €13k | ▲ 1,823% |
| Financial charges65/66B | - | €4k | - | - | €275 | - |
| Recurring financial charges65 | €17 | €4k | - | - | €275 | - |
| Profit (loss) for the period before taxes9903 | €92k | €643k | €180k | €186k | €11k | ▼ 94.0% |
| Income taxes67/77 | €28k | €206k | €53k | €55k | €2k | ▼ 95.8% |
| Profit (loss) for the period9904 | €64k | €438k | €127k | €131k | €9k | ▼ 93.3% |
| Transfer from tax-exempt reserves789 | - | €62k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €95k | €500k | €127k | €131k | €9k | ▼ 93.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.01M | €1.32M | €1.38M | €1.47M | €1.37M | ▼ 6.6% |
| Fixed assets21/28 | €424k | €132k | €132k | €130k | €129k | ▼ 1.1% |
| Tangible fixed assets22/27 | €424k | €132k | €132k | €130k | €129k | ▼ 1.1% |
| Land and buildings22 | - | €130k | €119k | €119k | €119k | = |
| Plant, machinery and equipment23 | - | €3k | €13k | €11k | €10k | ▼ 12.1% |
| Current assets29/58 | €589k | €1.18M | €1.25M | €1.34M | €1.24M | ▼ 7.1% |
| Stocks and contracts in progress3 | €25k | €25k | €25k | €25k | €25k | = |
| Stocks30/36 | - | €25k | €25k | €25k | €25k | = |
| Amounts receivable within one year40/41 | €27k | €42k | €20k | €19k | €47k | ▲ 146% |
| Trade receivables40 | - | €3k | €45 | €525 | €158 | ▼ 70.0% |
| Other amounts receivable41 | - | €39k | €20k | €19k | €47k | ▲ 152% |
| Current investments50/53 | - | - | - | - | €1.12M | - |
| Cash at bank and in hand54/58 | €532k | €1.12M | €1.20M | €1.29M | €50k | ▼ 96.2% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €3k | ▲ 142% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.01M | €1.32M | €1.38M | €1.47M | €1.37M | ▼ 6.6% |
| Equity10/15 | €836k | €1.22M | €1.31M | €1.36M | €1.28M | ▼ 5.8% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Capital10 | - | €99k | €99k | €99k | €99k | = |
| Issued capital100 | - | €99k | €99k | €99k | €99k | = |
| Revaluation surpluses12 | - | €11k | €11k | €11k | €11k | = |
| Reserves13 | €441k | €910k | €997k | €1.04M | €955k | ▼ 8.4% |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | - | €900k | €987k | €1.03M | €945k | ▼ 8.5% |
| Profit (loss) carried forward14 | €264k | €202k | €203k | €203k | €212k | ▲ 4.3% |
| Amounts payable17/49 | €177k | €94k | €71k | €114k | €96k | ▼ 15.4% |
| Amounts payable after more than one year17 | €6k | €6k | €7k | €6k | €870 | ▼ 85.4% |
| Other amounts payable178/9 | - | €6k | €7k | €6k | €870 | ▼ 85.4% |
| Amounts payable within one year42/48 | €161k | €84k | €61k | €104k | €92k | ▼ 11.6% |
| Trade debts44 | - | - | €31 | €2k | €40 | ▼ 97.4% |
| Suppliers440/4 | - | - | €31 | €2k | €40 | ▼ 97.4% |
| Taxes, remuneration and social security45 | - | €54k | €21k | €17k | €131 | ▼ 99.2% |
| Taxes450/3 | - | €54k | €21k | €17k | €131 | ▼ 99.2% |
| Other amounts payable47/48 | - | €30k | €40k | €85k | €91k | ▲ 7.5% |
| Accrued charges and deferred income492/3 | - | €4k | €4k | €4k | €4k | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €438k | €127k | €131k | €9k | ▼ 93.3% |
| + Depreciation and write-downs630 | €60k | €40k | €13k | €1k | €1k | = |
| Operating cash flow (approximation) | €124k | €478k | €140k | €133k | €10k | ▼ 92.3% |
| Investment in fixed assets (approximation) | - | €252k | €-12k | €0 | €0 | - |
| Change in cash | - | €585k | €87k | €91k | €-1.25M | ▼ 1,466% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €9k ▼93.3%
Net result drops to €9k, the lowest in the series.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €438k ▲579%
Operating result €647k, net result €438k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 14.13
Current ratio from 3.65 to 14.13; short-term debt falls from €161k to €84k.
30-06
Financial
Equity above €1MEq €1.22M ▲46.2%
4 profitable years in a row build equity to €1.22M.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Tielt
Ground area
7,886 m²
Building footprint
6,530 m²
Parcel 37302E0565/00B000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0565/00B000 | Flanders | 7,886 m² | 1 · 6,530 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.
Similar companies · same sector, comparable size
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GROEP T
BE 0460.134.940
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STEDAA
BE 0674.694.584
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Compagnie de Halloy
BE 0473.453.238
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 25,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-08-1992
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
47791Retail sale of antiques
Scores and ratios are computed by Checked and are not a credit decision.