RENDAFO
ActiveSummary
RENDAFO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of €122,833. Equity is growing by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270,000 at 30 days acceptable
Liquidity ample (current ratio 49.84 against 51.34 in 2024; short-term debt: 1.4% and cash: 8.4% of total assets), and 1.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.4%
Return on assets
2.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
40 d early
2023
8 d early
2021
3 d early
2020
1 d early
2019
46 d late
2018
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4.3m▲ 1.7%
2024 · €4.2m
Total assets
€4.3m▲ 1.8%
2024 · €4.2m
Net result
€122,833▲ 34.5%
2024 · €91,347
Working capital
€2.9m▲ 3.6%
2024 · €2.8m
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
Line20202021202320242025
Operating result€106,774▼ 25.4%€116,197▲ 8.8%€875,300--€4,095€1,755
Net result€77,964▼ 24.2%€87,335▲ 12.0%€702,170-€91,347▼ 87.0%€122,833▲ 34.5%
Equity€3.5m▲ 1.0%€3.5m▲ 0.1%€4.2m-€4.2m▲ 0.8%€4.3m▲ 1.7%
Total assets€3.5m▲ 2.3%€3.6m▲ 1.0%€4.2m-€4.2m▲ 1.0%€4.3m▲ 1.8%
Debt€56,097▲ 392%€90,263▲ 60.9%€51,659-€63,405▲ 22.7%€67,879▲ 7.1%
Working capital€962,406▲ 1.0%€818,876▼ 14.9%€2.7m-€2.8m▲ 2.2%€2.9m▲ 3.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -87% on 2023. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,755 after a loss of €4,095 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€1.4m ▼ 1.9%
Current assets
€3.0m ▲ 3.6%
Equity and liabilities €4.3m
Equity
€4.3m ▲ 1.7%
Debt
€67,879 ▲ 7.1%
Debt's share of the balance-sheet total rises from 1.5% to 1.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,526▲
2024 · €24,597
Cash flow
€149,604▲
2024 · €120,039
Current ratio
49.84▼
2024 · 51.34
Debt to equity
0.02▲
2024 · 0.02
ROE
2.9%▲
2024 · 2.2%
ROA
2.8%▲
2024 · 2.1%
Interest coverage
0.56▼
2024 · 1.88
Debt ≤ 1 year
€59,315▲
2024 · €55,557
Income taxes
€8,506▲
2024 · €4,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,040 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
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,811 | €18,711 | €33,563 | €28,692 | €26,771 | ▼ 6.7% |
| Other operating charges640/8 | - | €5,939 | €9,991 | €4,131 | €3,647 | ▼ 11.7% |
| Gross operating margin9900 | €127,314 | €140,847 | €918,854 | €28,727 | €32,173 | ▲ 12.0% |
| Operating profit (loss)9901 | €106,774 | €116,197 | €875,300 | -€4,095 | €1,755 | ▲ 143% |
| Financial income75/76B | - | €5,484 | €57,154 | €113,044 | €180,141 | ▲ 59.4% |
| Recurring financial income75 | €1,664 | €5,484 | €57,154 | €113,044 | €180,141 | ▲ 59.4% |
| Financial charges65/66B | - | €3,010 | €3,464 | €13,064 | €50,557 | ▲ 287% |
| Recurring financial charges65 | €3,076 | €3,010 | €3,464 | €13,064 | €50,557 | ▲ 287% |
| Profit (loss) for the period before taxes9903 | €105,362 | €118,671 | €928,990 | €95,884 | €131,339 | ▲ 37.0% |
| Income taxes67/77 | €27,398 | €31,336 | €226,820 | €4,537 | €8,506 | ▲ 87.5% |
| Profit (loss) for the period9904 | €77,964 | €87,335 | €702,170 | €91,347 | €122,833 | ▲ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €77,964 | €87,335 | €702,170 | €91,347 | €122,833 | ▲ 34.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.6m | €4.2m | €4.2m | €4.3m | ▲ 1.8% |
| Fixed assets21/28 | €2.5m | €2.7m | €1.4m | €1.4m | €1.4m | ▼ 1.9% |
| Tangible fixed assets22/27 | €2.5m | €2.7m | €1.4m | €1.4m | €1.4m | ▼ 1.9% |
| Land and buildings22 | - | €2.5m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Furniture and vehicles24 | - | €28,583 | €57,311 | €40,341 | €25,129 | ▼ 37.7% |
| Other tangible fixed assets26 | - | €164,575 | €236,511 | €231,388 | €226,266 | ▼ 2.2% |
| Current assets29/58 | €1.0m | €909,139 | €2.8m | €2.9m | €3.0m | ▲ 3.6% |
| Amounts receivable within one year40/41 | €6,291 | €17,804 | €29,856 | €25,676 | €50,536 | ▲ 96.8% |
| Trade receivables40 | - | €8 | €0 | €1,993 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €17,796 | €29,856 | €23,683 | €50,536 | ▲ 113% |
| Current investments50/53 | €104,948 | €105,153 | €2.5m | €2.7m | €2.5m | ▼ 7.0% |
| Cash at bank and in hand54/58 | €894,577 | €783,663 | €268,620 | €92,974 | €362,695 | ▲ 290% |
| Deferred charges and accrued income490/1 | - | €2,519 | €0 | €255 | €279 | ▲ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.6m | €4.2m | €4.2m | €4.3m | ▲ 1.8% |
| Equity10/15 | €3.5m | €3.5m | €4.2m | €4.2m | €4.3m | ▲ 1.7% |
| Contributions10/11 | - | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €1.0m | €1.0m | €1.7m | €1.7m | €1.8m | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €68,730 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €68,730 | €0 | - | - | - |
| Distributable reserves133 | - | €962,935 | €1.7m | €1.7m | €1.8m | ▲ 4.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €56,097 | €90,263 | €51,659 | €63,405 | €67,879 | ▲ 7.1% |
| Amounts payable within one year42/48 | €56,097 | €90,263 | €44,642 | €55,557 | €59,315 | ▲ 6.8% |
| Trade debts44 | €1,200 | €732 | €1,761 | €2,965 | €3,777 | ▲ 27.4% |
| Suppliers440/4 | - | €732 | €1,761 | €2,965 | €3,777 | ▲ 27.4% |
| Taxes, remuneration and social security45 | - | €6,635 | €0 | €601 | €0 | ▼ 100% |
| Taxes450/3 | - | €6,635 | €0 | €601 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €82,896 | €42,881 | €51,991 | €55,538 | ▲ 6.8% |
| Accrued charges and deferred income492/3 | - | - | €7,017 | €7,848 | €8,565 | ▲ 9.1% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,964 | €87,335 | €702,170 | €91,347 | €122,833 | ▲ 34.5% |
| + Depreciation and write-downs630 | €14,811 | €18,711 | €33,563 | €28,692 | €26,771 | ▼ 6.7% |
| Operating cash flow (approximation) | €92,775 | €106,046 | €735,732 | €120,039 | €149,604 | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | -€164,575 | - | €0 | €0 | - |
| Change in cash | - | -€110,914 | - | -€175,647 | €269,721 | ▲ 254% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €702,170 ▲704%
Operating result €875,300, net result €702,170, both a record.
30-09
Financial
Liquidity times 6current ratio 62.28
Current ratio from 10.07 to 62.28; short-term debt falls from €90,263 to €44,642.
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €77,964 ▼24.2%
Net result drops to €77,964, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
31-12
Financial
Liquidity times 21current ratio 84.64
Current ratio from 3.98 to 84.64; short-term debt falls from €282,402 to €11,398.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Heist-op-den-Berg · 1 establishment unit since 2009
Ground area
1,562 m²
Building footprint
305 m²
Volume, LiDAR
1,709 m³
Parcel 12006C1136/00G000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RENDAFO
since 20092.176.262.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12006C1136/00G000 | Flanders | 1,562 m² | 1 · 305 m² | 11.3 m · 2 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
Founded15-01-2009
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809235861
Also
9925:BE0809235861
Registered
31-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.