Financials
Financial year 2025
RENTEL from Oostende, company number BE0842251889, closed financial year 2025 with a result of € 26.2 million after tax. For that financial year RENTEL recorded revenue of € 134.1 million and equity of € 140.3 million. Compared with financial year 2024, the result moved from € 33.9 million to € 26.2 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 140.3 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26.2 million
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 28.2 million
▲ 143% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8.5 million paid out
32 % of the profit went to the shareholders, mostly to Otary RS NV (52 % of the shares). That is where the money ends up.
People and assets in 2025
€ 105,364
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 502.3 million
▼ 9% vs 2024
€ 51.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 10 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 103 days on average.
€ 4.8 million
▲ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 123,034,013 | € 207,529,808 | € 142,122,783 | € 134,117,106 | ▼ 6% |
| Profit after taxes | € 23,006,827 | € 74,394,829 | € 33,918,789 | € 26,166,215 | ▼ 23% |
| Equity | € 120,482,603 | € 150,197,725 | € 123,336,807 | € 140,323,315 | ▲ 14% |
| Total debts | € 673,986,109 | € 646,531,756 | € 567,806,177 | € 517,285,040 | ▼ 9% |
| Cash | € 22,354,119 | € 32,359,286 | € 11,592,945 | € 28,166,613 | ▲ 143% |
| Land & buildings | € 3,742,939 | € 3,580,202 | € 4,055,294 | € 3,909,013 | ▼ 4% |
| Retained profit | € 18,941,622 | € 49,336,450 | € 23,155,240 | € 40,821,455 | ▲ 76% |
| Dividend | € 31,700,000 | € 44,000,000 | € 60,100,000 | € 8,500,000 | ▼ 86% |
| Bank debt | € 663,552,219 | € 608,869,265 | € 553,103,314 | € 502,290,873 | ▼ 9% |
| Balance sheet total | € 815,143,833 | € 821,246,579 | € 719,629,635 | € 690,088,291 | ▼ 4% |
Key figures of RENTEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RENTEL?
What happened at RENTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PE BV stepped down as director. NBB
- WOW SA stepped down as director. NBB
- POWER @ SEA stepped down as director. NBB
- NUHMA cv stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
- SOCOFE stepped down as director. NBB
- Rik Van de Walle stepped down as director. NBB
- Koen Janssen stepped down as director. NBB
In short
From € 23 million profit in 2022 to € 26.2 million profit in 2025.
Paid € 41.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 74.4 million profit.
Paid out € 144.3 million in dividends to the owners in total.
Management
The shares are held by Otary RS NV (52%), DEME Concessions Wind NV (6%), Green Offshore NV (6%), WOW SA (6%), Aspiravi Offshore II NV (6%) and Power @ Sea NV (6%).
Directors
According to the 2025 annual accounts
Director · represented by Peter Goderis
Also active at: SeaMade, OTARY BIS, NORTH SEA WAVE, Otary RS, NORTHER
since 2023 · until 2029
Director · represented by Anne Vereecke
since 2024 · until 2029
Director · represented by Kristof Van Loon
Owns 6.5% via Otary RS NV
Also active at: SeaMade, OTARY BIS, NORTH SEA WAVE, Otary RS
since 2023 · until 2029
Director · represented by Ludo Kelchtermans
Also active at: A.I.T. EUROPE, CIPAL, WIND EN WATER ENERGIE PRODUCENT, 3E, C-POWER HOLDCO, SeaMade, BIONERGA LOGISTICS, NUHMERIS +21 more
since 2023 · until 2029
Director · represented by Olivier Vanderijst
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2023 · until 2029
Director · represented by Marcel Dormann
Owns 1.5% via Power @ Sea NV · Owns 6.5% via Otary RS NV
Also active at: WE Environnement, C - Power, SeaMade, GREEN4POWER, OTARY BIS, NORTH SEA WAVE, ESTOR-LUX, PERPETUM INFRA 4BE +7 more
since 2023 · until 2029
Rik Van de Walle
Director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, ASPIRAVI OFFSHORE, WIND AAN DE STROOM 2014, GROENE ENERGIE HAVEN ANTWERPEN, WIND AAN DE STROOM 2013, SeaMade, LOMMEL WIN(D)T, A&P WIND SERVICES +13 more
since 2023 · until 2029
since 2023 · until 2029
Bert Devriendt
Director
Also active at: BLUEPOWER, SeaMade, DEME CONCESSIONS WIND, OTARY BIS, NORTH SEA WAVE, DEME HYPORT Energy, DEME BLUE ENERGY, Otary RS
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Buskruitstraat 3
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0842.251.889
- VAT number
- BE 0842.251.889
- Registered office
- Buskruitstraat 3, 8400 Oostende
- Names & denominations
- RENTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2011
- Peppol
- Active · Active since 5 Feb 2026
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