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RENARD

Active
Private limited companyfounded 197749 yrs activeDorenstraat 19, 3020 Herent, BelgiumKBO/BCE: BE 0417.022.103
Summary

RENARD has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €314,660 and a net result of €45,268. Equity is growing by ~8.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability83▲+2
Solvency100=
Growth60=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.44 against 17.23 in 2023; short-term debt: 18% and cash: 47.9% of total assets), and 18% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 49 years 0 50 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
3 d early
2022
27 d late
2021
61 d late
2020
37 d early
2019
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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 17 March 1977, RENARD was incorporated.1 Revenue went from EUR 75,976 in 2018 to EUR 72,811 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

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Financials · fiscal year 2024, micro schema

Turnover
€72,811▼ 4.2%
2019 · €75,976
EBIT margin
20.5%▼ 2.9pp
2019 · 23.4%
Net result
€45,268▲ 25.5%
2023 · €36,062
Working capital
€307,936▼ 5.8%
2023 · €326,785
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€72,811▼ 4.2%
Operating result€14,945▼ 16.1%€47,660▲ 219%€57,136▲ 19.9%€52,250▼ 8.6%€61,481▲ 17.7%
Net result€15,014▼ 16.5%€24,622▲ 64.0%€38,062▲ 54.6%€36,062▼ 5.3%€45,268▲ 25.5%
EBIT margin20.5%▼ 2.9pp
Equity€235,645▲ 6.8%€260,267▲ 10.4%€298,330▲ 14.6%€334,392▲ 12.1%€314,660▼ 5.9%
Total assets€270,070▲ 10.0%€281,833▲ 4.4%€323,746▲ 14.9%€354,529▲ 9.5%€383,958▲ 8.3%
Debt€34,425▲ 37.7%€21,566▼ 37.4%€25,416▲ 17.9%€20,137▼ 20.8%€69,299▲ 244%
Working capital€233,413▲ 7.3%€258,936▲ 10.9%€289,173▲ 11.7%€326,785▲ 13.0%€307,936▼ 5.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €14,945€14,945Net result 2020: €15,014€15,014Operating result 2021: €47,660€47,660Net result 2021: €24,622€24,622Operating result 2022: €57,136€57,136Net result 2022: €38,062€38,062Operating result 2023: €52,250€52,250Net result 2023: €36,062€36,062Operating result 2024: €61,481€61,481Net result 2024: €45,268€45,26820202021202220232024€0€20,000€40,000€60,000Operating result 2022: €57,136€57,100Net result 2022: €38,062€38,100Operating result 2023: €52,250€52,300Net result 2023: €36,062€36,100Operating result 2024: €61,481€61,500Net result 2024: €45,268€45,300202220232024
The operating result recovers in 2024; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €383,958
Fixed assets €6,723 ▼ 11.6%
Current assets €377,235 ▲ 8.7%
Equity and liabilities €383,958
Equity €314,660 ▼ 5.9%
Debt €69,299 ▲ 244%
Debt's share of the balance-sheet total rises from 5.7% to 18.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€62,364▲
2023 · €53,800
Cash flow
€46,151▲
2023 · €37,612
Current ratio
5.44▼
2023 · 17.23
Debt to equity
0.22▲
2023 · 0.06
ROE
14.4%▲
2023 · 10.8%
ROA
11.8%▲
2023 · 10.2%
Interest coverage
362.27▼
2023 · 1078.16
Debt ≤ 1 year
€69,299▲
2023 · €20,137
Income taxes
€21,125▲
2023 · €16,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 31,349 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 · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€354,529€383,958▲
Fixed assets21/28€7,607€6,723▼
Tangible fixed assets22/27€7,607€6,723▼
Land and buildings22€7,607€6,723▼
Current assets29/58€346,922€377,235▲
Amounts receivable within one year40/41€28,910€41,565▲
Trade receivables40€0€136▲
Other amounts receivable41€28,910€41,429▲
Current investments50/53-€150,000
Cash at bank and in hand54/58€317,321€183,764▼
Deferred charges and accrued income490/1€691€1,906▲
Equity and liabilities
Total equity and liabilities10/49€354,529€383,958▲
Equity10/15€334,392€314,660▼
Contributions10/11€18,592€18,592=
Reserves13€315,800€296,068▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€315,800€296,068▼
Profit (loss) carried forward14-€0
Amounts payable17/49€20,137€69,299▲
Amounts payable within one year42/48€20,137€69,299▲
Trade debts44€1,089€127▼
Suppliers440/4€1,089€127▼
Taxes, remuneration and social security45€19,047€4,172▼
Taxes450/3€19,047€4,172▼
Other amounts payable47/48-€65,000
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,550€884▼
Other operating charges640/8€7,248€7,529▲
Gross operating margin9900€61,048€69,893▲
Operating profit (loss)9901€52,250€61,481▲
Financial income75/76B€691€5,084▲
Recurring financial income75€691€5,084▲
Financial charges65/66B€50€172▲
Recurring financial charges65€50€172▲
Profit (loss) for the period before taxes9903€52,891€66,393▲
Income taxes67/77€16,829€21,125▲
Profit (loss) for the period9904€36,062€45,268▲
Profit (loss) for the period to be appropriated9905€36,062€45,268▲
Appropriation of the result
Profit (loss) to be appropriated9906€36,062€45,268▲
Transfer from equity791/2-€65,000
Transfer to equity691/2€36,062€45,268▲
To other reserves6921€36,062€45,268▲
Profit to be distributed694/7-€65,000
Return on contributions (dividend)694-€65,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€72,811-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€902€902€1,011€1,550€884▼ 43.0%
Other operating charges640/8-€6,461€6,610€7,248€7,529▲ 3.9%
Gross operating margin9900€72,811€55,023€64,757€61,048€69,893▲ 14.5%
Operating profit (loss)9901€14,945€47,660€57,136€52,250€61,481▲ 17.7%
Financial income75/76B-€431€48€691€5,084▲ 636%
Recurring financial income75€69€431€48€691€5,084▲ 636%
Financial charges65/66B-€170€75€50€172▲ 245%
Recurring financial charges65-€170€75€50€172▲ 245%
Profit (loss) for the period before taxes9903€15,014€47,921€57,110€52,891€66,393▲ 25.5%
Income taxes67/77-€23,299€19,047€16,829€21,125▲ 25.5%
Profit (loss) for the period9904€15,014€24,622€38,062€36,062€45,268▲ 25.5%
Profit (loss) for the period to be appropriated9905€15,014€24,622€38,062€36,062€45,268▲ 25.5%
Line20202021202220232024Change
Assets
Total assets20/58€270,070€281,833€323,746€354,529€383,958▲ 8.3%
Fixed assets21/28€2,232€1,331€9,157€7,607€6,723▼ 11.6%
Tangible fixed assets22/27€2,232€1,331€9,157€7,607€6,723▼ 11.6%
Land and buildings22-€1,331€9,157€7,607€6,723▼ 11.6%
Plant, machinery and equipment23-€0----
Current assets29/58€267,838€280,502€314,589€346,922€377,235▲ 8.7%
Amounts receivable within one year40/41€21,234€0€8,749€28,910€41,565▲ 43.8%
Trade receivables40--€60€0€136-
Other amounts receivable41-€0€8,689€28,910€41,429▲ 43.3%
Current investments50/53€207,768---€150,000-
Cash at bank and in hand54/58€38,836€268,960€297,292€317,321€183,764▼ 42.1%
Deferred charges and accrued income490/1-€11,542€8,548€691€1,906▲ 176%
Equity and liabilities
Total equity and liabilities10/49€270,070€281,833€323,746€354,529€383,958▲ 8.3%
Equity10/15€235,645€260,267€298,330€334,392€314,660▼ 5.9%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€217,053€241,675€279,738€315,800€296,068▼ 6.2%
Non-distributable reserves130/1-€1,859€1,859€0--
Reserves not available under the articles1311-€1,859€1,859€0--
Distributable reserves133-€239,816€277,879€315,800€296,068▼ 6.2%
Profit (loss) carried forward14----€0-
Amounts payable17/49€34,425€21,566€25,416€20,137€69,299▲ 244%
Amounts payable within one year42/48€34,425€21,566€25,416€20,137€69,299▲ 244%
Trade debts44€11,135€381€0€1,089€127▼ 88.3%
Suppliers440/4-€381€0€1,089€127▼ 88.3%
Taxes, remuneration and social security45-€14,868€25,416€19,047€4,172▼ 78.1%
Taxes450/3-€14,868€25,416€19,047€4,172▼ 78.1%
Other amounts payable47/48-€6,317€0-€65,000-
Line20202021202220232024Change
Profit (loss) for the period9904€15,014€24,622€38,062€36,062€45,268▲ 25.5%
+ Depreciation and write-downs630€902€902€1,011€1,550€884▼ 43.0%
Operating cash flow (approximation)€15,916€25,524€39,074€37,612€46,151▲ 22.7%
Investment in fixed assets (approximation)--€1-€8,837€0€0-
Change in cash-€230,124€28,332€20,029-€133,557▼ 767%

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

2025
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €45,268 ▲25.5%
Operating result €61,481, net result €45,268, both a record.
28-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
24-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Liquidity doublescurrent ratio 9.70
Current ratio from 4.14 to 9.70; short-term debt falls from €50,605 to €24,992.
26-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Herent · 1 establishment unit since 1977
seat establishment The establishment unit on the map
Ground area
988 m²
Building footprint
189 m²
Volume, LiDAR
821 m³
Parcel 24422F0195/00L000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Dorenstraat 19, 3020 Herent
Renting and operating of own or leased non-residential real estate, excluding land
since 19772.013.393.168
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24422F0195/00L000 Flanders 988 m² 1 · 189 m² 7.5 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded17-03-1977
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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