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RENAND

Active
Public limited companyfounded 20242 yrs activePlace de St Symphorien 24, 7030 Mons, BelgiumKBO/BCE: BE 1005.847.537
Summary

The computed 12-month bankruptcy probability of RENAND is 1.7% (moderate). The 2025 annual accounts show equity of €60,747 and a net result of €9,750. Its solvency ranks better than 13% of 663 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability52▲+41
Solvency32▼-22
Growth78
Track record82
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.24 in 2024; short-term debt: 29% and cash: 3.2% of total assets), and 93.3% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
6.7%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 663 sector peers (2025).
NBB · sector comparison
Position among 663 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
17 d early
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 February 2024, RENAND was incorporated as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,750
2024 · -€10,502
Working capital
-€114,366▼ 21.3%
2024 · -€94,277
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€9,585-€22,611
Net result-€10,502below the sector's middle half-€9,750within the sector's middle half
Equity€50,998below the sector's middle half-€60,747below the sector's middle half▲ 19.1%
Total assets€175,560below the sector's middle half-€911,391below the sector's middle half▲ 419%
Debt€124,562-€850,644▲ 583%
Working capital-€94,277below the sector's middle half--€114,366within the sector's middle half▼ 21.3%
Solvency29.0%within the sector's middle half-6.7%below the sector's middle half▼ 22.4pp
Current ratio0.24below the sector's middle half-0.57below the sector's middle half▲ 0.33
Return on assets (ROA)-6.0%below the sector's middle half-1.1%within the sector's middle half▲ 7.1pp
Staff (FTE)10.3within the sector's middle half
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2024: -€9,585-€9,585Net result 2024: -€10,502-€10,502Operating result 2025: €22,611€22,611Net result 2025: €9,750€9,75020242025-€20,000-€10,000€0€10,000€20,000Operating result 2024: -€9,585-€9,590Net result 2024: -€10,502-€10,500Operating result 2025: €22,611€22,600Net result 2025: €9,750€9,75020242025
The operating result returns to profit in 2025: €22,611 after a loss of €9,585 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €879,542
Fixed assets €729,295 ▲ 405%
Current assets €150,247 ▲ 398%
Equity and liabilities €911,391
Equity €60,747 ▲ 19.1%
Debt €850,644 ▲ 583%
Debt's share of the balance-sheet total rises from 71.0% to 93.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€44,839▲
2024 · -€9,371
Cash flow
€31,977▲
2024 · -€10,288
Quick ratio
0.51▲
2024 · 0.24
Debt to equity
14.00▲
2024 · 2.44
ROE
16.0%▲
2024 · -20.6%
Interest coverage
3.84▲
2024 · -22.48
Debt ≤ 1 year
€264,613▲
2024 · €124,446
Debt > 1 year
€585,905
Income taxes
€4,200▲
2024 · €500
Staff costs
€101,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,513 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€175,560€911,391▲
Formation expenses20€984€31,850▲
Fixed assets21/28€144,407€729,295▲
Tangible fixed assets22/27€144,407€729,044▲
Plant, machinery and equipment23-€338,315
Furniture and vehicles24-€55,757
Other tangible fixed assets26-€334,972
Assets under construction and advance payments27€144,407€0▼
Financial fixed assets28-€251
Current assets29/58€30,169€150,247▲
Stocks and contracts in progress3-€16,564
Stocks30/36-€16,564
Amounts receivable within one year40/41€30,169€99,101▲
Trade receivables40-€14,162
Other amounts receivable41€30,169€84,940▲
Cash at bank and in hand54/58-€28,983
Deferred charges and accrued income490/1-€5,599
Equity and liabilities
Total equity and liabilities10/49€175,560€911,391▲
Equity10/15€50,998€60,747▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13-€6,150
Non-distributable reserves130/1-€6,150
Legal reserve130-€6,150
Profit (loss) carried forward14-€10,502-€6,903▲
Amounts payable17/49€124,562€850,644▲
Amounts payable after more than one year17-€585,905
Financial debts170/4-€585,905
Amounts payable within one year42/48€124,446€264,613▲
Current portion of amounts payable after more than one year42-€91,629
Trade debts44€124,446€92,810▼
Suppliers440/4€124,446€92,810▼
Taxes, remuneration and social security45-€31,664
Taxes450/3-€6,973
Remuneration and social security454/9-€24,691
Other amounts payable47/48-€48,510
Accrued charges and deferred income492/3€116€125▲
Income statement Code20242025
Non-recurring operating income76A-€120
Remuneration, social security and pensions62-€101,774
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€214€22,228▲
Other operating charges640/8€50€1,883▲
Non-recurring operating charges66A-€1,876
Gross operating margin9900-€9,321€150,372▲
Operating profit (loss)9901-€9,585€22,611▲
Financial income75/76B-€3,017
Recurring financial income75-€3,017
Financial charges65/66B€417€11,678▲
Recurring financial charges65€417€11,678▲
Profit (loss) for the period before taxes9903-€10,002€13,950▲
Income taxes67/77€500€4,200▲
Profit (loss) for the period9904-€10,502€9,750▲
Profit (loss) for the period to be appropriated9905-€10,502€9,750▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10,502-€753▲
Profit (loss) brought forward from the previous period14P--€10,502
Transfer to equity691/2-€6,150
To the legal reserve6920-€6,150
Social balance
Average headcount (FTE)9087-10.3

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Non-recurring operating income76A-€120-
Remuneration, social security and pensions62-€101,774-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€214€22,228▲ 10,284%
Other operating charges640/8€50€1,883▲ 3,667%
Non-recurring operating charges66A-€1,876-
Gross operating margin9900-€9,321€150,372▲ 1,713%
Operating profit (loss)9901-€9,585€22,611▲ 336%
Financial income75/76B-€3,017-
Recurring financial income75-€3,017-
Financial charges65/66B€417€11,678▲ 2,702%
Recurring financial charges65€417€11,678▲ 2,702%
Profit (loss) for the period before taxes9903-€10,002€13,950▲ 239%
Income taxes67/77€500€4,200▲ 740%
Profit (loss) for the period9904-€10,502€9,750▲ 193%
Profit (loss) for the period to be appropriated9905-€10,502€9,750▲ 193%
Line20242025Change
Assets
Total assets20/58€175,560€911,391▲ 419%
Formation expenses20€984€31,850▲ 3,138%
Fixed assets21/28€144,407€729,295▲ 405%
Tangible fixed assets22/27€144,407€729,044▲ 405%
Plant, machinery and equipment23-€338,315-
Furniture and vehicles24-€55,757-
Other tangible fixed assets26-€334,972-
Assets under construction and advance payments27€144,407€0▼ 100%
Financial fixed assets28-€251-
Current assets29/58€30,169€150,247▲ 398%
Stocks and contracts in progress3-€16,564-
Stocks30/36-€16,564-
Amounts receivable within one year40/41€30,169€99,101▲ 228%
Trade receivables40-€14,162-
Other amounts receivable41€30,169€84,940▲ 182%
Cash at bank and in hand54/58-€28,983-
Deferred charges and accrued income490/1-€5,599-
Equity and liabilities
Total equity and liabilities10/49€175,560€911,391▲ 419%
Equity10/15€50,998€60,747▲ 19.1%
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13-€6,150-
Non-distributable reserves130/1-€6,150-
Legal reserve130-€6,150-
Profit (loss) carried forward14-€10,502-€6,903▲ 34.3%
Amounts payable17/49€124,562€850,644▲ 583%
Amounts payable after more than one year17-€585,905-
Financial debts170/4-€585,905-
Amounts payable within one year42/48€124,446€264,613▲ 113%
Current portion of amounts payable after more than one year42-€91,629-
Trade debts44€124,446€92,810▼ 25.4%
Suppliers440/4€124,446€92,810▼ 25.4%
Taxes, remuneration and social security45-€31,664-
Taxes450/3-€6,973-
Remuneration and social security454/9-€24,691-
Other amounts payable47/48-€48,510-
Accrued charges and deferred income492/3€116€125▲ 8.2%
Line20242025Change
Profit (loss) for the period9904-€10,502€9,750▲ 193%
+ Depreciation and write-downs630€214€22,228▲ 10,284%
Operating cash flow (approximation)-€10,288€31,977▲ 411%
Investment in fixed assets (approximation)--€607,115-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Back to profitnet €9,750
Net result €9,750 after one loss-making year.
31-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Mons · 1 establishment unit since 2025
establishment The establishment unit on the map
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.

Place de St Symphorien 247030 Mons
Ground area
1.8 ha
Building footprint
8,868 m²
Volume, LiDAR
38,588 m³
Parcel 21308H0377/00D000, Brussels · tallest building 15.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Boulangerie Louise
Marius Renardlaan 21, 1070 AnderlechtArtisanal bread and fresh pastry making
since 20252.378.167.806
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0377/00D000 Brussels 1.8 ha 1 · 8,868 m² 15.6 m · 1 fl.
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.

Structure & network

Part of the group TRADITIONAL BREAD BELGIUM 32 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. TRADITIONAL BREAD BELGIUM 100%
  2. RENAND

Highest known parent: TRADITIONAL BREAD BELGIUM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley
Anderlecht2.378.167.806
2 permissions · smiley 2029FR00108 valid until 30-06-2029
Toelating · Bakkerij · since 16-10-2025
Toelating · Eetgelegenheid · since 16-10-2025

Dual-learning approval

2 live approvals
Winkelmedewerker (vwo)
Goedgekeurd · 2026 to 2031
Winkelmedewerker duaal (so)
Goedgekeurd · 2026 to 2031

Similar companies · same sector, comparable size

Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,569 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
Founded09-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005847537
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.