Equity
-€63,983
Debts exceed assets in financial year 2025.
RenTerra
Lifetime
3 annual accounts with figures on one time axispeak -€3,330 (2024)
-€5,178▼ €1,848
lowest -€42,601 (2023)
-€15,224▲ €15,935
peak -€17,601 (2023)
-€63,983▼ €15,224
€471,086▼ 4.8%
Board6 names since 2022
2 directorsGISA VASTGOED and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
26-05-202666 days before the deadline
2025micro format
Gross margin from -€3,330 to -€5,178Loss of €15,224Equity from -€48,759 to -€63,983Cash from €126 to €26
Key points
from the 2025 annual accountsLosses
-€88,983 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€471,086 116% of the balance sheet
Financial debts 58%Suppliers 0%Other 42%
Turnover not published (abbreviated or micro format)
Checked score
48
Fair
Financially stronger than 11% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 1.0%▼ -1.1 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 0.9%▼ -0.1 percentage points vs 03-2025lowest value
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.7%▲ +0.7 percentage points vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.6%▼ -0.1 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.8%▲ +0.2 percentage points vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 1.8%● unchanged vs 07-2026
09-2026: 3.0%▲ +1.2 percentage points vs 08-2026highest value
10-2026: 3.0%● unchanged vs 09-2026highest value
11-2026: 3.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.86, cash €26, halved
1 change of registered office in 24 months
lowers risk
Size: total assets €407,103
No main activity registered
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 11% of them on solvency, 2% on liquidity, 20% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as RenTerra has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RenTerra itself: 3.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for RenTerra. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.86 (0.9 in 2024), below 1. Short-term debt is 115.7% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€63,983
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
66 days early
2024
1 day early
2023
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 3 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · 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 30 July (3 of the last 3 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GISA VASTGOED 50%score 94equity €599,068 (2025) · 2025 annual accounts of GISA VASTGOED
- TORVAN 50%score 98equity €313,062 (2025) · 2025 annual accounts of TORVAN
Recent changes
Registered office moved from Kortrijk to Veurne
New registered office: Karpelstraat 51, 8630 Veurne · Previous registered office: Engelse Wandeling 2F 4, 8500 Kortrijk · Appointment: Stijn Popeye (director) · General meeting of 12-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781312927
1 director appointed, 1 resignation
Resignation: Cornelius BV · Permanent representatives: Piet Van Waes and Wouter Torney · Appointment: TORVAN BV · General meeting of 21-08-2023 · Gazette deed
Registered office moved from Sint-Denijs-Westrem to Kortrijk
New registered office: Engelse Wandeling 2F4 8500 Kortrijk · Previous registered office: Schoonzichtstraat 23E te 9051 Sint-Denijs-Westrem · Permanent representative: Gino Lippens · Board meeting of 15-11-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 28-01-2022Normal situation
- Activity
- “Het aankopen,het verkopen,het bouwen,doen bouwen,het doen verbouwen,het huren,het verhuren,het promoten,de leasing,het inrichten en het…” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.328.620.6028500 Kortrijk, since 28-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-05-2026
Annual accounts 2025
- €407,103▼ 8.8%
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on RenTerra
RenTerra files the micro format. That format states no turnover. The gross margin rose from -€16,412 in 2023 to -€5,178 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RenTerra
- What is the company number of RenTerra?
- The company number of RenTerra is 0781.312.927. The VAT number is the same number with BE in front: BE 0781.312.927.
- Where is RenTerra based?
- The registered office is at Karpelstraat 51, 8630 Veurne.Company details
- What is the legal form of RenTerra?
- RenTerra is a private limited company (BV).
- When was RenTerra founded?
- RenTerra was founded on 28-01-2022.
- Is RenTerra still active?
- Yes, RenTerra is an active enterprise in the KBO register.
- What is the turnover of RenTerra?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is RenTerra profitable?
- In financial year 2025, RenTerra made a loss of €15,224.
- Where can I find the annual accounts of RenTerra?
- RenTerra filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RenTerra due?
- RenTerra must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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