Financials
- Fiscal year
- 2024
- Turnover
- €199,286
- Loss
- -€1.8m
- Solvency
- 70.5%
Turnover▲ 57.6%
Net result
20232024
RenaSci Oostende Smart Chain Processing
ActiveSummary
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 (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Materials recovery from waste
NACE 38210NACE 38322
1 site
Size
€199,286turnover 2024
- Equity
- €8.9m
- Loss
- -€1.8m
Structure
- Parent
- BlueAlp Oostende Holding · 100%
- Board
- 4 members
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 66 d 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%
Better than 69% of its sector peers (NACE 38, medium-sized)
Performance against the sector, not lower risk
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).
Last 24 months
11-2024: 2.8%
12-2024: 2.8%● 0.0% vs 11-2024
01-2025: 2.9%▲ +1.8% vs 12-2024
02-2025: 2.9%● 0.0% vs 01-2025
03-2025: 2.9%● 0.0% vs 02-2025
04-2025: 2.8%▼ -0.4% vs 03-2025
05-2025: 2.9%▲ +0.9% vs 04-2025
06-2025: 2.9%▲ +0.3% vs 05-2025highest value
07-2025: 2.8%▼ -2.1% vs 06-2025
08-2025: 0.7%▼ -75.2% vs 07-2025
09-2025: 0.7%▼ -3.1% vs 08-2025
10-2025: 0.7%● 0.0% vs 09-2025
11-2025: 0.7%● 0.0% vs 10-2025
12-2025: 0.7%● 0.0% vs 11-2025
01-2026: 0.7%● 0.0% vs 12-2025
02-2026: 0.7%▼ -2.7% vs 01-2026lowest value
03-2026: 0.7%▲ +1.4% vs 02-2026
04-2026: 0.7%▲ +6.9% vs 03-2026
05-2026: 0.7%▲ +1.8% vs 04-2026
06-2026: 0.8%▲ +5.0% vs 05-2026
07-2026: 0.8%▲ +1.7% vs 06-2026
08-2026: 0.9%▲ +20.1% vs 07-2026
09-2026: 1.1%▲ +15.0% vs 08-2026
10-2026: 1.8%▲ +69.9% vs 09-2026
- Figures for FY 2024 (filed 04-07-2025) raises the probability
- 1 financial year not filed after the legal deadline; 1 of the last 3 late raises the probability
- Loss of €1.8m, the second in a row (FY 2024) raises the probability
- Size: turnover €199,286, total assets €12.6m lowers the probability for this profile
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 comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, medium-sized). Better than this share of them on solvency 89%, liquidity 76%, profitability 15%, growth against the median 96%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
77 d late
2022
47 d early
2021
18 d early
2020
11 d early
2019
2 d 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)
- Resignations: Christopher McArdle, Rodrigo Rondon Köster…Appointments: Albert Boogert (director) and…
- Statutes amendmentCapital
- 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 · 4 in office 4 joined · 6 left View
- Positive: Turnover rose in 2024from €126,460 to €199,286 ▲ 57.6% View
- Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
- Controlled by BlueAlp Oostende Holdingknown shareholders 100% 100% View
By topic
Board & ownership
- Board
- 4 members
- Parent
- BlueAlp Oostende Holding · 100%
- Known shareholders
- 100%
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL
Go to Board & ownership
Network & group
- Group
- Borealis AG
- Connected companies
- 10
Timeline
- Events
- 27
- Since
- 2018
- 05-05-2026Resignations: Christopher McArdle, Rodrigo Rondon Köster Jardim…
- 08-04-2026Statutes amendment
- 09-02-2026Capital & shares · Statutes amendment
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
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…
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