REFACO
ActiveSummary
The computed 12-month bankruptcy probability of REFACO is 3.1% (moderate). The 2024 annual accounts show negative equity (-€350) and a net result of -€6,350. Its solvency ranks better than 21% of 15862 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its 2024 accounts 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,554 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,649 |
| Other operating charges640/8 | €3,111 |
| Gross operating margin9900 | €5,341 |
| Operating profit (loss)9901 | -€2,420 |
| Financial income75/76B | €60 |
| Recurring financial income75 | €60 |
| Financial charges65/66B | €3,771 |
| Recurring financial charges65 | €3,771 |
| Profit (loss) for the period before taxes9903 | -€6,130 |
| Income taxes67/77 | €220 |
| Profit (loss) for the period9904 | -€6,350 |
| Profit (loss) for the period to be appropriated9905 | -€6,350 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €100,091 | |
| Fixed assets21/28 | €25,468 | |
| Tangible fixed assets22/27 | €25,468 | |
| Furniture and vehicles24 | €25,468 | |
| Current assets29/58 | €74,623 | |
| Stocks and contracts in progress3 | €26,183 | |
| Stocks30/36 | €2,950 | |
| Contracts in progress37 | €23,233 | |
| Amounts receivable within one year40/41 | €48,440 | |
| Trade receivables40 | €45,849 | |
| Other amounts receivable41 | €2,591 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €100,091 | |
| Equity10/15 | -€350 | |
| Contributions10/11 | €6,000 | |
| Profit (loss) carried forward14 | -€6,350 | |
| Amounts payable17/49 | €100,441 | |
| Amounts payable after more than one year17 | €70,444 | |
| Financial debts170/4 | €45,444 | |
| Other amounts payable178/9 | €25,000 | |
| Amounts payable within one year42/48 | €25,426 | |
| Current portion of amounts payable after more than one year42 | €7,144 | |
| Financial debts43 | €16,003 | |
| Credit institutions430/8 | €16,003 | |
| Trade debts44 | €2,058 | |
| Suppliers440/4 | €2,058 | |
| Taxes, remuneration and social security45 | €220 | |
| Taxes450/3 | €220 | |
| Accrued charges and deferred income492/3 | €4,572 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€6,350 |
| + Depreciation and write-downs630 | €4,649 |
| Operating cash flow (approximation) | -€1,701 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72031B0448/00V000 | Flanders | 616 m² | 1 · 160 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.