Skip to content

RenaSci Oostende Smart Chain Processing

Active
Public limited companyfounded 20188 years activeMarie Curielaan 10, 8400 Oostende, BelgiumKBO/BCE: BE 0687.746.925
Summary

The computed 12-month bankruptcy probability of RenaSci Oostende Smart Chain Processing is 1.8% (moderate). The 2024 annual accounts show equity of €8.9m and a net result of -€1.8m. Equity is shrinking by ~19.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 84% of 275 sector peers (NACE 38, fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

RenaSci Oostende Smart Chain ProcessingActiveChecked score 56/100

Overview

Activity
Materials recovery from waste
NACE 38210
1 site
Size
€199,286turnover 2024
Equity
€8.9m
Loss
-€1.8m
Financial health
56 Fair Checked score 2024
Bankruptcy probability, 12 months
1.8%
Structure
Parent
BlueAlp Oostende Holding · 100%
Board
2 members
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 68 days overdue
Why 56- Figures for FY 2024 (filed 04-07-2025)- 1 financial year not filed after the legal deadline; 1 of the last 3 late- Loss of €1.8m, the second in a row (FY 2024)+ Size: turnover €199,286, total assets €12.6mShow the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 69% of its sector peers (NACE 38, medium-sized)
Financial strength · tick = 2023
Average
Solvency 96+96
equity 70.5% of total assets
Liquidity 53+53
short-term debt 2.3% · cash 2.5%
Profitability 18+18
return on assets -14.0%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (46 companies)
Last 24 months 11-2024: 2.8% 12-2024: 2.8%● unchanged vs 11-2024 01-2025: 2.9%▲ +0.1 percentage points vs 12-2024 02-2025: 2.9%● unchanged vs 01-2025 03-2025: 2.9%● unchanged vs 02-2025 04-2025: 2.8%▼ -0.1 percentage points vs 03-2025 05-2025: 2.9%▲ +0.1 percentage points vs 04-2025 06-2025: 2.9%● unchanged vs 05-2025highest value 07-2025: 2.8%▼ -0.1 percentage points vs 06-2025 08-2025: 0.7%▼ -2.1 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026lowest value 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.1 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.8%▲ +0.7 percentage points vs 09-2026
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 8.11 against 0.01 in 2023; short-term debt: 2.3% and cash: 2.5% of total assets), and 29.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, medium-sized): better than 89% on solvency, 76% on liquidity, 15% on profitability and 96% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 04-07-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 1 of the last 3 late
NBB · filings
raises risk · Loss of €1.8m, the second in a row (FY 2024)
NBB · annual accounts
lowers risk · Size: turnover €199,286, total assets €12.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 02-07-2025, 29 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
29 days early
2023
77 days late
2022
47 days early
2021
18 days early
2020
11 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignations: Christopher McArdle, Rodrigo Rondon Köster…Appointments: Albert Boogert (director) and…
  2. Statutes amendmentCapital
  3. Capital & shares · Statutes amendmentCapital increase · Power of…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€1.8m View
  • Caution: Among the weakest 5% on net resultsector median €123,002 · 274 companies -€1.8m View
  • Caution: Board changedlatest change 30-03-2026 · 2 in office 2 joined · 7 left View
  • Positive: Turnover rose in 2024from €126,460 to €199,286 ▲ 57.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Controlled by BlueAlp Oostende Holdingknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2024
Turnover
€199,286
Loss
-€1.8m
Solvency
70.5%
Turnover▲ 57.6%
Net result
20232024
Go to Financials

Board & ownership

Board
2 members
Parent
BlueAlp Oostende Holding · 100%
Known shareholders
100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
Go to Board & ownership

Timeline

Events
27
Since
2018
  1. 16-12-2025Resignations: Schouten Engineering & Consulting BV, Rohnny…
  2. 02-07-2025Annual accounts filed
  3. 31-12-2024Liquidity times 1486
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Materials recovery from wasteNACE 38210
Founded
10-01-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Who signs
Two directors jointly
Annual meeting
First Monday of June at 12:30
Purpose
De geïntegreerde aanpak van de verwijdering van de afvalstoffen met het oog op zowel de…
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.