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RENDAC

Active
Private limited companyfounded 1934active for 92 yearsFabriekstraat 2, 9470 Denderleeuw, BelgiumKBO/BCE: BE 0400.272.181
Summary

RENDAC has been active since 1934 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €18.9m and a net result of €4.2m. Equity is shrinking by about 9.1% per year across the filed financial years. Its solvency ranks better than 40% of 80 sector peers (NACE 10, financial year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Manufacture of food products
NACE 10410
Largest employer in Denderleeuw2 sites
Size
€86.9mturnover 2026
Staff
139 FTE
Equity
€18.9m
Profit
€4.2m
Financial health
85 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
DARLING INGREDIENTS BELGIUM HOLDING · 99.95%
Holdings
1
Accounts 47 days early1 of 22 deeds read
Why 85raises riskLiquidity: current ratio 1.69, cash €2,866Sector: Manufacture of food products (NACE 10)lowers riskSize: turnover €86.9m, 139 FTE, total assets €53.1mFounded in 1934Show the evidence

Checked score

Score 2026
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 10, medium-sized)
Financial strength · tick = 2024
Average
Solvency 61+11
equity 35.5% of total assets
Liquidity 34+9
short-term debt 36.2% · cash 0.0%
Profitability 73+1
return on assets 8.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (226 companies, NACE 10, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026highest value 07-2026: 0.4%▼ -0.2 percentage points vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €1,600,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.69, compared with 1.24 in 2024, above the usual 1.5; short-term debt: 36.2% and cash: 0% of total assets), but 64.5% of the assets are financed with debt and provisions.
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 10, medium-sized): better than 41% on solvency, 43% on liquidity, 67% on profitability and 67% on growth.

The bankruptcy probability was computed on 17-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.69, cash €2,866
NBB · annual accounts
lowers risk · Size: turnover €86.9m, 139 FTE, total assets €53.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1934
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 03-01-2026 was due by 03-08-2026 and was filed on 17-06-2026, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
47 days early
2024
48 days early
2023
43 days early
2022
38 days early
2021
4 days late
2020
16 days early
2019
54 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Joachim Hoebeeck
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Largest employer in Denderleeuwin the Checked rankings No. 1 View
  • Flemish supportawarded from 2022 to 2025 €32.9m View
  • Positive: 8 profitable years in a rowprofit 2026: €4.2m 8 years View
  • Controlled by DARLING INGREDIENTS BELGIUM HOLDINGknown shareholders 100% 99.95% View
  • Active since 1934founded 01-10-1934 92 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2026
Turnover
€86.9m
Profit
€4.2m
Solvency
35.5%
Turnover▲ 3.2%
Net result
20182026
Go to Financials

Timeline

Events
50
Since
1979
  1. 17-06-2024Annual accounts filed
  2. 23-06-2023Annual accounts filed
  3. 31-12-2022Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of food productsNACE 10410
Founded
01-10-1934
Year ends
03-01
Peppol
Reachable for e-invoices
Go to Company details

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