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PARTNER REFRACTORIES GUNITING

Active
Public limited companyfounded 2001active for 25 yearsRue du Houisse 20, 5590 Ciney, BelgiumKBO/BCE: BE 0474.638.321
Summary

PARTNER REFRACTORIES GUNITING has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546,956 and a net result of €4.3m. Equity has been shrinking by about 15% per year since 2019. Its solvency ranks better than 9% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 23-04-2001 Normal situation
Activity
Other specialised construction activities NACE 43990and 2 others
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
Establishment unit
2.114.892.186 5590 Ciney, since 05-11-2002
Financial year end
31 December
Peppol
Reachable since 20-11-2020

Board and ownership

Board
Holdings
Shares in 3 companies including PARTNER REFRACTORIES GUNITING FRANCE and PARTNER REFRACTORIES GUNITTING SPAIN SLU

Financial position

86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€4.0m
▲ 99.3%
Turnover
≈ €11.0m
estimated
Profit
€4.3m
▲ 880%
Equity
€546,956
▼ 62.4%
Total assets
€12.5m
▲ 274%
Employees on 31-12-2025
21
=
  • 2025 accounts filed 74 days after the deadline
Score breakdownraises riskEquity €546,956 (4.4% of total assets)Last filed accounts filed 74 days late; 1 of the last 3 accounts latelowers riskSize: 21.8 FTE, total assets €12.5mFounded in 2001Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 40% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 29-40
equity 4.4% of total assets
Liquidity 47-20
short-term debt 90.4% · cash 37.7%
Profitability 100+15
return on assets 34.3%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: 0.1% 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: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025highest value 10-2025: 0.1%▼ -0.2 percentage points vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 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 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%▼ -0.1 percentage points vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (2.05 in 2024), below the usual 1.5. Short-term debt is 90.4% and cash 37.7% of total assets. 95.6% of the assets are financed with debt and provisions.
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 43, small). It does better than 6% of them on solvency, 54% on liquidity, 98% on profitability and 4% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: 21.8 FTE, total assets €12.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Equity €546,956 (4.4% of total assets)
NBB · annual accounts
raises risk · Last filed accounts filed 74 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2445 sector peers (2025).
NBB · sector comparison
Position among 2445 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
74 days late
2024
29 days late
2023
21 days late
2022
24 days late
2021
30 days late
2020
2 days early
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed 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 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €438,134 to €4.3m ▲ 880% View
  • Caution: Lower solvency than 90% of companies in specialised constructionsector median 42.5% · 2,445 companies 4.4% View
  • Heads a groupcompanies controlled 3 View

Recent changes

  1. · Gazette deed Reappointments: PIRSON Claude-Maximilien (managing director) and HANON Gaël (director)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as PARTNER REFRACTORIES GUNITING: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €6.4m and €11m, founded between 1996 and 2008.

CompanyTotal assetsGross margin
PARTNER REFRACTORIES GUNITING Ciney€12.5m€4.0m
STABIL Zulte€11.1m€3.7m
BETON-EN GRONDWERKEN VAN GAEVEREN Waasmunster€8.3m€3.5m
J.B. CONSTRUCT BETONBOUW Lier€9.2m€2.3m
ANTHONY CRANES Antwerpen€8.8m€4.5m
BACKX Brecht€6.4m€4.2m
Bouwwerken De Ruyck Ninove€8.5m€2.3m
Full comparison

Key facts about PARTNER REFRACTORIES GUNITING

What is the company number of PARTNER REFRACTORIES GUNITING?
The company number of PARTNER REFRACTORIES GUNITING is 0474.638.321. The VAT number is the same number with BE in front: BE 0474.638.321.
Where is PARTNER REFRACTORIES GUNITING based?
The registered office is at Rue du Houisse 20, 5590 Ciney.Company details
What does PARTNER REFRACTORIES GUNITING do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of PARTNER REFRACTORIES GUNITING?
The legal form of PARTNER REFRACTORIES GUNITING is Public limited company (NV).
When was PARTNER REFRACTORIES GUNITING founded?
PARTNER REFRACTORIES GUNITING was founded on 23-04-2001.
Is PARTNER REFRACTORIES GUNITING still active?
Yes, PARTNER REFRACTORIES GUNITING is an active enterprise in the KBO register.
How many employees does PARTNER REFRACTORIES GUNITING have?
PARTNER REFRACTORIES GUNITING had an average of 21.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does PARTNER REFRACTORIES GUNITING fall under?
In its 2025 annual accounts, PARTNER REFRACTORIES GUNITING states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of PARTNER REFRACTORIES GUNITING?
The turnover in financial year 2025 is ≈ €11.0m. This figure is estimated from the gross margin of €4.0m and 68 comparable companies (NACE 43). It probably lies between €8.6m and €15.0m.
Is PARTNER REFRACTORIES GUNITING profitable?
In financial year 2025, PARTNER REFRACTORIES GUNITING made a profit of €4.3m.
Where can I find the annual accounts of PARTNER REFRACTORIES GUNITING?
PARTNER REFRACTORIES GUNITING filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PARTNER REFRACTORIES GUNITING due?
PARTNER REFRACTORIES GUNITING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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