RENTEC
ActiveSummary
RENTEC has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €1.9m. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+12
Solvency44▼-2
Growth69▼-6
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.99 in 2024; short-term debt: 79.5% and cash: 0.1% of total assets), and 81.3% of the assets are financed with debt.
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. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
18.7%
Return on assets
9.4%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 317 sector peers (2025).
NBB · sector comparisonPosition among 317 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
14 d early
2023
20 d early
2022
3 d early
2021
4 d early
2020
26 d early
2019
38 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?VALTECH · 20 companies
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Pittem, Manufacturing sector#3 employer in Pittem, Manufacturing sector#4 company by equity in Pittem, Manufacturing sector
Turnover
€15.8m▼ 15.3%
2024 · €18.6m
EBIT margin
15.6%▲ 1.9pp
2024 · 13.7%
Net result
€1.9m▼ 7.7%
2024 · €2.1m
Working capital
-€1.4m▼ 1,281%
2024 · -€100,205
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€10.9m▲ 6.0%€10.1m▼ 7.3%€14.5m▲ 43.2%€18.6m▲ 27.9%€15.8m▼ 15.3%
Operating result€2.6m▲ 31.3%€1.2m▼ 55.1%€3.1m▲ 167%€2.5m▼ 18.0%€2.5m▼ 3.4%
Net result€2.0mabove the sector's middle half▲ 15.5%€890,051above the sector's middle half▼ 56.2%€2.8mabove the sector's middle half▲ 212%€2.1mabove the sector's middle half▼ 25.1%€1.9mabove the sector's middle half▼ 7.7%
EBIT margin23.7%▲ 4.6pp11.5%▼ 12.2pp21.4%▲ 9.9pp13.7%▼ 7.7pp15.6%▲ 1.9pp
Equity€2.0mwithin the sector's middle half▼ 33.3%€2.9mwithin the sector's middle half▲ 43.6%€3.8mwithin the sector's middle half▲ 29.8%€3.9mwithin the sector's middle half▲ 2.0%€3.8mwithin the sector's middle half▼ 2.1%
Total assets€10.1mwithin the sector's middle half▲ 16.0%€8.5mwithin the sector's middle half▼ 15.2%€16.3mwithin the sector's middle half▲ 90.6%€18.5mwithin the sector's middle half▲ 13.5%€20.3mabove the sector's middle half▲ 9.9%
Debt€7.8m▲ 46.8%€5.4m▼ 31.0%€12.1m▲ 125%€14.1m▲ 16.6%€16.2m▲ 14.3%
Working capital€1.2mwithin the sector's middle half▼ 50.3%€1.5mwithin the sector's middle half▲ 21.1%€1.1mwithin the sector's middle half▼ 25.6%-€100,205below the sector's middle half-€1.4mbelow the sector's middle half▼ 1,281%
Solvency20.3%below the sector's middle half▼ 15.0pp34.3%within the sector's middle half▲ 14.1pp23.4%within the sector's middle half▼ 11.0pp21.0%below the sector's middle half▼ 2.4pp18.7%below the sector's middle half▼ 2.3pp
Current ratio1.16below the sector's middle half▼ 0.311.28within the sector's middle half▲ 0.121.09below the sector's middle half▼ 0.190.99below the sector's middle half▼ 0.100.91below the sector's middle half▼ 0.08
Return on assets (ROA)20.2%above the sector's middle half▼ 0.1pp10.4%above the sector's middle half▼ 9.8pp17.0%above the sector's middle half▲ 6.6pp11.2%above the sector's middle half▼ 5.8pp9.4%within the sector's middle half▼ 1.8pp
Staff (FTE)31.3within the sector's middle half▲ 10.6%31.8within the sector's middle half▲ 1.6%34.8within the sector's middle half▲ 9.4%35.8within the sector's middle half▲ 2.9%33.1within the sector's middle half▼ 7.5%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.3m
Fixed assets
€5.5m ▲ 24.6%
Current assets
€14.8m ▲ 5.2%
Equity and liabilities €20.3m
Equity
€3.8m ▼ 2.1%
Provisions
€345,126 ▼ 25.8%
Debt
€16.2m ▲ 14.3%
Debt's share of the balance-sheet total rises from 76.5% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3.1m▲
2024 · €3.0m
Cash flow
€2.6m▲
2024 · €2.6m
Quick ratio
0.15▼
2024 · 0.34
Debt to equity
4.25▲
2024 · 3.64
ROE
50.5%▼
2024 · 53.5%
Interest coverage
7125.38
Debt ≤ 1 year
€16.1m▲
2024 · €14.1m
Income taxes
€549,853▲
2024 · €547,215
Staff costs
€2.7m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 2,613 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €11.5m | €15.9m | €19.8m | €19.4m | ▼ 1.6% |
| Turnover70 | €10.9m | €10.1m | €14.5m | €18.6m | €15.8m | ▼ 15.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €1.1m | €1.2m | €1.0m | €3.5m | ▲ 244% |
| Other operating income74 | - | €243,128 | €175,452 | €139,136 | €149,102 | ▲ 7.2% |
| Operating charges60/66A | - | €10.3m | €12.8m | €17.2m | €17.0m | ▼ 1.4% |
| Goods for resale, raw materials and consumables60 | - | €5.8m | €7.7m | €11.0m | €10.7m | ▼ 2.2% |
| Purchases600/8 | - | €5.8m | €9.7m | €11.9m | €10.3m | ▼ 13.7% |
| Change in stocks: decrease (increase)609 | - | €21,816 | -€1.9m | -€926,533 | €458,974 | ▲ 150% |
| Services and other goods61 | - | €2.1m | €2.2m | €2.9m | €2.9m | ▲ 1.4% |
| Remuneration, social security and pensions62 | - | €2.1m | €2.3m | €2.7m | €2.7m | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199,567 | €229,106 | €355,628 | €489,903 | €658,123 | ▲ 34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,198 | €0 | €2,086 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€5,877 | €122,246 | €114,711 | -€120,174 | ▼ 205% |
| Other operating charges640/8 | - | €44,482 | €30,112 | €37,027 | €44,054 | ▲ 19.0% |
| Operating profit (loss)9901 | €2.6m | €1.2m | €3.1m | €2.5m | €2.5m | ▼ 3.4% |
| Financial income75/76B | - | €6,110 | €37,624 | €89,847 | €20,560 | ▼ 77.1% |
| Recurring financial income75 | €12,666 | €6,110 | €37,624 | €89,847 | €20,560 | ▼ 77.1% |
| Income from current assets751 | - | €2,863 | €5,301 | €68,256 | €0 | ▼ 100% |
| Other financial income752/9 | - | €3,247 | €32,323 | €21,591 | €20,560 | ▼ 4.8% |
| Financial charges65/66B | - | €10,229 | €56,423 | €10,460 | €12,055 | ▲ 15.2% |
| Recurring financial charges65 | €17,487 | €10,229 | €56,423 | €10,460 | €12,055 | ▲ 15.2% |
| Debt charges650 | €40 | €19 | €42,058 | €0 | €437 | - |
| Other financial charges652/9 | - | €10,210 | €14,366 | €10,460 | €11,617 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €2.6m | €1.2m | €3.1m | €2.6m | €2.5m | ▼ 6.0% |
| Income taxes67/77 | €556,354 | €270,051 | €312,262 | €547,215 | €549,853 | ▲ 0.5% |
| Taxes670/3 | - | €270,051 | €312,262 | €547,215 | €549,853 | ▲ 0.5% |
| Profit (loss) for the period9904 | €2.0m | €890,051 | €2.8m | €2.1m | €1.9m | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €890,051 | €2.8m | €2.1m | €1.9m | ▼ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.1m | €8.5m | €16.3m | €18.5m | €20.3m | ▲ 9.9% |
| Fixed assets21/28 | €1.0m | €1.6m | €3.1m | €4.4m | €5.5m | ▲ 24.6% |
| Tangible fixed assets22/27 | €1.0m | €1.6m | €3.1m | €4.4m | €5.5m | ▲ 24.8% |
| Land and buildings22 | - | €986,428 | €1.7m | €2.7m | €3.1m | ▲ 14.8% |
| Plant, machinery and equipment23 | - | €434,381 | €1.1m | €1.3m | €1.9m | ▲ 43.1% |
| Furniture and vehicles24 | - | €216,738 | €233,109 | €378,777 | €503,976 | ▲ 33.1% |
| Financial fixed assets28 | €3,000 | €12,125 | €9,125 | €9,125 | €2,500 | ▼ 72.6% |
| Other financial fixed assets284/8 | - | €12,125 | €9,125 | €9,125 | €2,500 | ▼ 72.6% |
| Amounts receivable and cash guarantees285/8 | - | €12,125 | €9,125 | €9,125 | €2,500 | ▼ 72.6% |
| Current assets29/58 | €9.0m | €6.9m | €13.2m | €14.0m | €14.8m | ▲ 5.2% |
| Stocks and contracts in progress3 | €1.5m | €4.1m | €7.2m | €9.2m | €12.3m | ▲ 33.3% |
| Stocks30/36 | - | €1.5m | €3.5m | €4.4m | €3.9m | ▼ 10.5% |
| Raw materials and consumables30/31 | - | €1.5m | €3.5m | €4.4m | €3.9m | ▼ 10.5% |
| Contracts in progress37 | - | €2.6m | €3.8m | €4.8m | €8.3m | ▲ 73.3% |
| Amounts receivable within one year40/41 | €2.4m | €2.5m | €5.1m | €4.6m | €2.4m | ▼ 47.3% |
| Trade receivables40 | - | €1.8m | €2.0m | €2.1m | €2.4m | ▲ 14.9% |
| Other amounts receivable41 | - | €693,887 | €3.1m | €2.5m | €6,194 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €3.6m | €320,123 | €807,034 | €181,714 | €24,274 | ▼ 86.6% |
| Deferred charges and accrued income490/1 | - | €26,444 | €11,796 | €87,013 | €66,336 | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.1m | €8.5m | €16.3m | €18.5m | €20.3m | ▲ 9.9% |
| Equity10/15 | €2.0m | €2.9m | €3.8m | €3.9m | €3.8m | ▼ 2.1% |
| Contributions10/11 | €551,200 | €551,200 | €551,200 | €551,200 | €551,200 | = |
| Capital10 | - | €551,200 | €551,200 | €551,200 | €551,200 | = |
| Issued capital100 | - | €551,200 | €551,200 | €551,200 | €551,200 | = |
| Reserves13 | €1.5m | €2.4m | €3.3m | €3.3m | €3.2m | ▼ 2.5% |
| Non-distributable reserves130/1 | - | €55,120 | €55,120 | €55,120 | €55,120 | = |
| Legal reserve130 | - | €55,120 | €55,120 | €55,120 | €55,120 | = |
| Distributable reserves133 | - | €2.3m | €3.2m | €3.3m | €3.2m | ▼ 2.5% |
| Provisions and deferred taxes16 | €234,220 | €228,343 | €350,589 | €465,300 | €345,126 | ▼ 25.8% |
| Provisions for liabilities and charges160/5 | - | €228,343 | €350,589 | €465,300 | €345,126 | ▼ 25.8% |
| Other liabilities and charges164/5 | - | €228,343 | €350,589 | €465,300 | €345,126 | ▼ 25.8% |
| Amounts payable17/49 | €7.8m | €5.4m | €12.1m | €14.1m | €16.2m | ▲ 14.3% |
| Amounts payable within one year42/48 | €7.8m | €5.4m | €12.1m | €14.1m | €16.1m | ▲ 14.2% |
| Trade debts44 | €992,817 | €1.5m | €2.6m | €1.6m | €717,421 | ▼ 56.0% |
| Suppliers440/4 | - | €1.5m | €2.6m | €1.6m | €717,421 | ▼ 56.0% |
| Advances received on contracts in progress46 | - | €3.0m | €7.1m | €10.1m | €12.7m | ▲ 26.0% |
| Taxes, remuneration and social security45 | - | €375,499 | €499,794 | €441,925 | €447,884 | ▲ 1.3% |
| Taxes450/3 | - | €16,154 | €81,326 | €8,798 | €35,251 | ▲ 301% |
| Remuneration and social security454/9 | - | €359,345 | €418,468 | €433,128 | €412,633 | ▼ 4.7% |
| Other amounts payable47/48 | - | €500,000 | €1.9m | €2.0m | €2.3m | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | €278 | €50,950 | €0 | €14,890 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €890,051 | €2.8m | €2.1m | €1.9m | ▼ 7.7% |
| + Depreciation and write-downs630 | €199,567 | €229,106 | €355,628 | €489,903 | €658,123 | ▲ 34.3% |
| Operating cash flow (approximation) | €2.2m | €1.1m | €3.1m | €2.6m | €2.6m | ▲ 0.3% |
| Investment in fixed assets (approximation) | - | -€850,627 | -€1.8m | -€1.9m | -€1.8m | ▲ 5.5% |
| Change in cash | - | -€3.2m | €486,911 | -€625,319 | -€157,441 | ▲ 74.8% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €2.8m ▲212%
Operating result €3.1m, net result €2.8m, both a record.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Weakest financial yearnet €890,051 ▼56.2%
Net result drops to €890,051, the lowest in the series; recovery starts the following year.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Equity above €2mEq €3.1m ▲62.7%
2 profitable years in a row build equity to €3.1m.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
11 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, Pittem · 1 establishment unit since 2004
Ground area
9,894 m²
Building footprint
5,624 m²
Volume, LiDAR
43,569 m³
Parcel 37011A1383/00G000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RENTEC
since 20042.135.553.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011A1383/00G000 | Flanders | 9,894 m² | 1 · 5,624 m² | 11.8 m · 3 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.
Structure & network
Part of the group
VALTECH
20 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- VALTECH
- RENTEC
Highest known parent: VALTECH. The sources do not say who stands above it.
Owners 2
- VALTECHparentSourceaccounts VALTECH 202573.98%
-
26%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 46,958 EUR awarded · 40,335 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 33,204 EUR | 26,581 EUR |
| 2024 | 1 | 4,861 EUR | 4,861 EUR |
| 2023 | 1 | 8,893 EUR | 8,893 EUR |
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Of 136 companies in sector 28410 we hold annual accounts for 107. 65 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-1985
Fiscal year end31-03
Activities, NACEBEL 2025
28410Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
46620Wholesale of machine tools
Contact
Phone
051/46.75.51Pittem
Fax
051/46.75.85Pittem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427976371
Also
9925:BE0427976371
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.