Result
-€30,056 -€30,056
From profit to loss in 2024, after a profit of €22,992 in 2023.
CF RÉFRIGÉRATION & MAINTENANCE
Lifetime
10 annual accounts with figures on one time axispeak €727,644 (2021)
€654,150▼ 9.4%
lowest -€30,056 (2024)
-€30,056▼ €53,048
peak €217,773 (2023)
€187,717▼ 13.8%
€838,710▼ 10.0%
peak 11.6 FTE (2021)
10 FTE▼ 2.0%
Board2 names since 2014
1 directorFrançois CREMER
Owners
Documentsfilings and deeds
23-05-202569 days before the deadline
2024financial year
Loss of €30,056Equity from €217,773 to €187,717Cash from €94,936 to €19,366
Key points
from the 2024 annual accountsDebts
€838,710 82% of the balance sheet
Financial debts 33%Suppliers 44%Taxes and wages 17%Other 6%
Of this, €713,984 falls due within a year.
Investments
€119,660 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 498.2% higher than in 2023.
Staff
11 employees on 31-12-2024
In 2024, 6 people joined and 6 left.
Filings
10 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€187,717
Less equity than 88% of companies in machinery and equipment. Sector median €2.5m · 317 companies.
Checked score
32
Weak
Financially stronger than 15% of small companies in machinery and equipment (NACE 28)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 290 companies (NACE 28, small).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.7%▼ -0.1 percentage points vs 03-2025lowest value
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.5 percentage points vs 05-2025
07-2025: 1.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.8%▲ +0.5 percentage points vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.7%▼ -0.1 percentage points 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: 1.9%▲ +0.2 percentage points vs 03-2026
05-2026: 2.3%▲ +0.4 percentage points vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%▲ +0.3 percentage points vs 06-2026
08-2026: 3.3%▲ +0.8 percentage points vs 07-2026
09-2026: 4.2%▲ +0.9 percentage points vs 08-2026
10-2026: 7.3%▲ +3.1 percentage points vs 09-2026highest value
11-2026: 7.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 27-05-2025)
1 change of registered office in 24 months
Size: 10 FTE, total assets €1.0m
Liquidity: current ratio 1.02, cash €19,366, halved
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 (NACE 28, small). It does better than 14% of them on solvency, 10% on liquidity, 20% on profitability and 17% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 1,423 companies had the same profile as CF RÉFRIGÉRATION & MAINTENANCE has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CF RÉFRIGÉRATION & MAINTENANCE itself is higher: 7.3% within 12 months. It rests on far more data about CF RÉFRIGÉRATION & MAINTENANCE than the profile alone.
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 1,423 companies, not a prediction for CF RÉFRIGÉRATION & MAINTENANCE. 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
Credit of up to €6,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.02 (1.1 in 2023), below the usual 1.5. Short-term debt is 69.6% and cash 1.9% of total assets. 81.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 317 sector peers (2024).
NBB · sector comparisonPosition among 317 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-05-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
69 days early
2023
27 days late
2022
30 days late
2021
26 days late
2020
39 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0564844955
Registered office moved from Beyne-Heusay to Cheratte
New registered office: Rue Pierre Andrien, 4 à 4602 CHERATTE · Previous registered office: Rue Grand'Route, 76 à 4610 BEYNE-HEUSAY · Resignation: François CREMER (director) · Board meeting of 22-05-2025 · Gazette deed
Incorporation
published on 22-10-2014 · Gazette deed
First establishment
CF REFRIGERATION & MAINTENANCE, Rue Pierre Andrien 72, Visé
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CF RÉFRIGÉRATION & MAINTENANCE Visé | €1.0m | €0.7m | 18.3% | 10 |
| R.F. PROJECTS Fernelmont | €0.8m | €0.5m | 66.7% | 7 |
| DB Services HVAC Awans | €1.1m | €1.1m | 34.9% | 16.9 |
| GODFRIN REFRIGERATION ET FILS Florenville | €0.9m | €0.4m | 98.3% | 6 |
| PRECICOM REFRIGERATION Mons | €0.7m | €0.3m | 38.3% | 9 |
| O.M.S. Oudenaarde | €0.6m | €0.4m | -29.9% | 6.6 |
| AIR EXECUTION Nivelles | €1.9m | €0.7m | 29.8% | 10 |
These companies have the same main activity as CF RÉFRIGÉRATION & MAINTENANCE: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €630,000 and €1.9m, founded between 2008 and 2016.
Official details
Source: KBO- Status
- Active since 20-10-2014Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250and 2 others
- Establishment unit
- 2.236.197.6164602 Visé, since 20-10-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 19-01-2026
Annual accounts 2024
- ≈ €1.5mestimated
- €1.0m▼ 10.8%
- Employeeson 31-12-2024
- 11=
- Filing
- Filed on 23-05-2025
Insights on CF RÉFRIGÉRATION & MAINTENANCE
CF RÉFRIGÉRATION & MAINTENANCE has existed since 2014. The gross margin grew from €182,480 in 2015 to €654,150 in 2024 and staff from 2.4 to 10 full-time equivalents.
FA IMMO holds all the shares.
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 CF RÉFRIGÉRATION & MAINTENANCE
- What is the company number of CF RÉFRIGÉRATION & MAINTENANCE?
- The company number of CF RÉFRIGÉRATION & MAINTENANCE is 0564.844.955. The VAT number is the same number with BE in front: BE 0564.844.955.
- Where is CF RÉFRIGÉRATION & MAINTENANCE based?
- The registered office is at Rue Pierre Andrien 4, 4602 Visé.Company details
- What does CF RÉFRIGÉRATION & MAINTENANCE do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
- What is the legal form of CF RÉFRIGÉRATION & MAINTENANCE?
- CF RÉFRIGÉRATION & MAINTENANCE is a private limited company (pre-2019) (BVBA).
- When was CF RÉFRIGÉRATION & MAINTENANCE founded?
- CF RÉFRIGÉRATION & MAINTENANCE was founded on 20-10-2014.
- Is CF RÉFRIGÉRATION & MAINTENANCE still active?
- Yes, CF RÉFRIGÉRATION & MAINTENANCE is an active enterprise in the KBO register.
- How many employees does CF RÉFRIGÉRATION & MAINTENANCE have?
- CF RÉFRIGÉRATION & MAINTENANCE had an average of 10 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of CF RÉFRIGÉRATION & MAINTENANCE?
- The turnover in financial year 2024 is ≈ €1.5m. This figure is estimated from the gross margin of €654,150 and 2,275 comparable companies of the same size. It probably lies between €930,000 and €2.6m. It is a rough estimate.
- Is CF RÉFRIGÉRATION & MAINTENANCE profitable?
- In financial year 2024, CF RÉFRIGÉRATION & MAINTENANCE made a loss of €30,056.
- Where can I find the annual accounts of CF RÉFRIGÉRATION & MAINTENANCE?
- CF RÉFRIGÉRATION & MAINTENANCE filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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