RENTEL

Active

Public limited companyfounded 2011active for 14 yearsBuskruitstraat 3, 8400 Oostende, BelgiumKBO/BCE: BE 0842.251.889

Summary

RENTEL has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140.3m and a net result of €26.2m. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 39% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

RENTELActiveChecked score 96/100

Risk analysis Report Compare

Activity

Electricity, gas, steam and air conditioning supply

NACE 35150

3rd largest company by total assets in Ostend, Energy sector1 site

Size

€134.1mturnover 2025

Equity: €140.3m
Profit: €26.2m

Financial health

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: Otary RS · 52%

Bert DevriendtDirector
WOWDirector · permanent representative Anne Vereecke

Auditor: DELOITTE Bedrijfsrevisoren BV2025 accounts 25 days early5 of 41 deeds summarised

Why 96raises riskLiquidity: current ratio 1.15, cash €28.2mlowers riskSize: turnover €134.1m, total assets €690.1mFounded in 2011Figures for financial year 2025 (filed 06-07-2026)Show the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 65% of its sector peers (NACE 35, large)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 45+3

equity 20.3% of total assets

Liquidity 55+3

short-term debt 9.6% · cash 4.1%

Profitability 82-1

return on assets 3.8%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (54 companies, NACE 35, large)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €13,400,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.15, compared with 0.86 in 2024, below the usual 1.5; short-term debt: 9.6% and cash: 4.1% of total assets), and 79.7% 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 35, large): better than 50% on solvency, 76% on liquidity, 83% on profitability and 52% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Size: turnover €134.1m, total assets €690.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.15, cash €28.2m

NBB · annual accounts

Founded in 2011

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 06-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

25 days early

2024

48 days early

2023

48 days early

2022

69 days early

2021

31 days early

2020

65 days early

2019

35 days 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 46 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

06-07-2026 Annual accounts filedfinancial year 2025 · full…
13-06-2025 Annual accounts filedfinancial year 2024 · full…
13-06-2024 Annual accounts filedfinancial year 2023 · full…

Key points

Positive: Among the best 6% on net resultsector median €165,934 · 348 companies €26.2m View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €26.2m 8 years View
Controlled by Otary RSknown shareholders 100% 52% View

By topic

Financials

Financial year: 2025
Turnover: €134.1m
Profit: €26.2m
Solvency: 20.3%

Turnover▼ 5.6%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: Otary RS · 52%
Known shareholders: 100%
Auditor: DELOITTE Bedrijfsrevisoren BV

Bert DevriendtDirector
WOWDirector

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 21
Since: 2013
Next accounts: by 31-07-2027

10-06-2024Permanent representatives: Mathias Verkest and Christophe De…
10-06-2024Appointments: Bert Devriendt (bestuurder categorie c) and…
31-12-2023Highest result from 2018 to 2025

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Electricity, gas, steam and air conditioning supplyNACE 35150
Founded: 16-12-2011
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Annual meeting: Third Friday of May at 10:00
Purpose: “Alle handelingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking…” (deed in Dutch)

Go to Articles of association

Key facts about RENTEL

What is the company number of RENTEL?: 0842.251.889. In Belgium the VAT number is the company number with BE in front: BE 0842.251.889.
Where is RENTEL based?: The registered office is at Buskruitstraat 3, 8400 Oostende.Company details
What does RENTEL do?: According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
What is the legal form of RENTEL?: Public limited company (NV).
When was RENTEL founded?: On 16-12-2011.
Is RENTEL still active?: Yes, RENTEL is an active enterprise in the KBO register.
What is the turnover of RENTEL?: €134.1m in financial year 2025, according to the filed annual accounts.Financials
Is RENTEL profitable?: In financial year 2025, RENTEL made a profit of €26.2m.
Where can I find the annual accounts of RENTEL?: RENTEL filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RENTEL due?: By 31-07-2027, for financial year 2026.Timeline