REFACO
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €79,000 and €630,000.
Balance sheet
balance sheet total €72,174 on 31-12-2025in euro
Position in the sector
-3.0%
Higher than 19% of 15,428 companies in 2025.
4.84
Higher than 81% of 14,692 companies in 2025.
-2.5%
Higher than 27% of 14,921 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
72,174 | 100,091 | |
21/28 |
17,939 | 25,468 | |
22/27 |
17,939 | 25,468 | |
24 |
17,939 | 25,468 | |
29/58 |
54,235 | 74,623 | |
3 |
29,841 | 26,183 | |
30/36 |
29,841 | 2,950 | |
37 |
- | 23,233 | |
40/41 |
20,068 | 48,440 | |
40 |
11,403 | 45,849 | |
41 |
8,665 | 2,591 | |
54/58 |
3,933 | - | |
490/1 |
392 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
72,174 | 100,091 | |
10/15 |
-2,145 | -350 | |
10/11 |
6,000 | 6,000 | |
14 |
-8,145 | -6,350 | |
17/49 |
74,318 | 100,441 | |
17 |
63,104 | 70,444 | |
170/4 |
37,855 | 45,444 | |
178/9 |
25,249 | 25,000 | |
42/48 |
11,214 | 25,426 | |
42 |
7,588 | 7,144 | |
43 |
- | 16,003 | |
430/8 |
- | 16,003 | |
44 |
2,276 | 2,058 | |
440/4 |
2,276 | 2,058 | |
45 |
1,350 | 220 | |
450/3 |
1,350 | 220 | |
492/3 |
- | 4,572 | |
| Income statement | |||
9900 |
15,616 | 5,341 | |
630 |
7,529 | 4,649 | |
640/8 |
2,570 | 3,111 | |
9901 |
5,517 | -2,420 | |
75/76B |
587 | 60 | |
75 |
587 | 60 | |
65/66B |
6,769 | 3,771 | |
65 |
6,769 | 3,771 | |
9903 |
-665 | -6,130 | |
67/77 |
1,130 | 220 | |
9904 |
-1,794 | -6,350 | |
9905 |
-1,794 | -6,350 | |
| Appropriation of the result | |||
9906 |
-8,145 | -6,350 | |
14P |
-6,350 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 13,046 | 2,230 | ||
| 5,735 | -1,701 | ||
| 0 | 30,117 | ||
| 43,021 | 49,197 | ||
| -3.0% | -0.4% | ||
| 4.84 | 2.93 | ||
| 2.18 | 1.91 | ||
| -2.5% | -6.3% | ||
| 1.93 | 0.59 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €30,117 |
| €7,529 | €4,649 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on REFACO
The operating result for 2025 is a profit of €5,517, after a loss of €2,420 in 2024.
Equity is negative. Debt (€74,318) exceeds the balance-sheet total (€72,174).