Equity
-€2,145
Debts exceed assets in financial year 2025.
REFACO
Overview
Lifetime
2 annual accounts with figures on one time axispeak €15,616 (2025)
€15,616▲ 192%
lowest -€6,350 (2024)
-€1,794▲ €4,556
peak -€350 (2024)
-€2,145▼ €1,794
€74,318▼ 26.0%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €5,341 to €15,616Loss of €1,794Equity from -€350 to -€2,145Debts from €100,441 to €74,318
Key points
from the 2025 annual accountsLosses
-€8,145 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €150,000 estimated
The micro format states no turnover.
Debts
€74,318 103% of the balance sheet
Financial debts 51%Suppliers 3%Taxes and wages 2%Other 44%
Of this, €11,214 falls due within a year.
Liquidity
4.84 was 2.93 in 2024
Short-term debts fell from €25,426 to €11,214.
Position in the sector
-€2,145
Less equity than 80% of companies in wholesale trade. Sector median €58,174 · 15,461 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,554 companies had the same profile as REFACO has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,554 companies, not a prediction for REFACO. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- 150 sharesdeed of 03-07-2023
- 150 sharesdeed of 03-07-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803381615
Incorporation
Founding capital of €6,000, 300 shares · Founders: and · Appointments: (director) and (director) · published on 03-07-2023 · Gazette deed
First establishment
Merelstraat 17, Bocholt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REFACO Bocholt | €72,174 | €15,616 | -3.0% | - |
| North Crown Rumst | €63,404 | €13,843 | 61.5% | - |
| I & MODE Anderlecht | €76,304 | €25,508 | 50.1% | - |
| CUMULUS RAINWEAR Evere | €56,345 | €7,843 | 35.7% | - |
| DESTOCK KING Molenbeek-Saint-Jean | €139,337 | €15,376 | -41.8% | 1 |
| ILAMENA Brussels | €106,493 | €27,325 | 21.2% | - |
| DOMALE SERVICES Grez-Doiceau | €137,872 | €11,738 | 19.8% | - |
These companies have the same main activity as REFACO: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €56,300 and €139,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 29-06-2023Normal situation
- Activity
- Wholesale of clothing, excluding workwear and underwearNACE 46423and 3 others
- Establishment unit
- 2.347.206.2953950 Bocholt, since 29-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Annual accounts 2025
- €15,616▲ 192%
- €1,794▼ 71.7%
- -€2,145▼ 512%
- €72,174▼ 27.9%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on REFACO
The 2025 annual accounts show negative equity (-€2,145) and a net result of -€1,794. Its solvency ranks better than 19% of 15,428 sector peers (NACE 46, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€15,616
▲ 192%
€5,517
▲ €7,937
-€1,794
▲ €4,556
€43,021
▼ 12.6%
-3.0%
▼ 2.6 percentage points
4.84
▲ 1.90
Turnover 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 31-12-2025What the company ownsHow it is paid for
in 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.
REFACO
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
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).
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 03-07-2023
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-06-2026
Director (not named in the articles)
appointed by deed of 03-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 03-07-2023, still in office
-
- Director (not named in the articles), appointed by deed of 03-07-2023, still in office
Control
Founders
,
This company
REFACO
Equity -€2,145
Loss €1,794 in 2025
Capital
- Contribution
- €6,000
- Shares
- 300
- Contribution per share
- €20
- Equity per share
- -€7.15 in 2025
- Source
- deed of 03-07-2023
Articles of association
deed of 03-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 03-07-2023 ↗
- 150 shares (50%) · €3,000
- 150 shares (50%) · €3,000
Network & group
No group
REFACO has no parent and no holdings in its annual accounts.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director (not named in the articles) · deed of 17-07-2023
Founded in 2017 · total assets €231,132 (2025)
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803381615
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
2023
IncorporationFounding capital of €6,000, 300 shares · Founders: and · Appointments: (director) and (director) · published on 03-07-20237 points ▸
- Founder, (comparant)
- Founder, (comparant)
- Founding capital, €6,000, 300 shares
- Registered office clause, Merelstraat 17 A, 3950 Bocholt
- Board rule, 2
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 6 more points.
First establishment Merelstraat 17, Bocholt
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0803.381.615
- VAT number
- BE 0803.381.615
- Peppol ID
- 0208:0803381615
- Other Peppol ID
- 9925:BE0803381615
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00deed of 03-07-2023 (in Dutch)
- Peppol
- Reachable since 21-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- REFACO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-07-2023 (in Dutch)
Activities
NACEBEL 202546423
Wholesale of clothing, excluding workwear and underwear main activity
Codes under NACEBEL 2008
46423
Wholesale of clothing, excluding workwear and underwear main activity
46160
Wholesale trade
47716
Retail trade
74101
Other professional, scientific and technical activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het vervaardigen,het doen vervaardigen,de in- en verkoop,de in- en uitvoer,de groot- en kleinhandel,zowel van de grondstoffen als van…”deed of 03-07-2023 (in Dutch)
13 activities
- Het vervaardigen,het doen vervaardigen,de in- en verkoop,de in- en uitvoer,de groot- en kleinhandel,zowel van de grondstoffen als van afgewerkte producten,van modeartikelen,leder- en bontwaren,accessoires en bijhorende decoratieve elementen,in de ruimste zin van het woord.
- Het ontwerpen en het maken van modellen,mallen,patronen,tekeningen voor de fabricage van alle textielwaren,lederwaren,schoeisel en andere bijhorigheden en accessoires zonder enige beperking.
- Het verstrekken van adviezen en het leveren van dienstprestaties inzake mode en styling en dit zowel voor industriële als commerciële toepassingen.
- Dit behelst waar nodig en/of nuttig de aankoop,verkoop,verhuur,onderverhuur,leasing,renting,ontwerp,productie,handel,groothandel,herstelling,levering,plaatsing,montage,demontage,integratie,ontmanteling,vervoer,invoer,uitvoer,export,al dan niet in hoofdaanneming en/of onderaanneming en/of als tussenpersoon(opsomming ten exemplatieve en niet-limitatieve titel)van de voormelde activiteiten,diensten en goederen en van alle activiteiten,diensten en goederen die de vennootschap hiervoor nuttig en/of nodig acht.
- Het verrichten,in het algemeen,van alle roerende,onroerende,commerciële,industriële,financiële,handelingen die in rechtstreeks of onrechtstreeks verband staan met de rest van het voorwerp,of die van aard zijn,zouden zijn of zouden kunnen zijn om de verwezenlijking van het voorwerp geheel of gedeeltelijk te vergemakkelijken en bevorderen.
- Het verrichten van alle vormen van handelsbemiddeling,het optreden als agent en als zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten.De aan- en verkoop evenals de in- en uitvoer van om het even welke goederen evenals het optreden als tussenpersoon bij voormelde verrichtingen.
- Het verlenen van diensten en adviezen aan derden.Het optreden als consultant en diensten verlenen inzake commercieel,strategisch,financieel en administratief management,inzake technisch management en diverse technische aangelegenheden,inzake informatica en automatisering,inzake integrale kwaliteitszorg en divers zorg-,kwaliteits- en veiligheidssystemen,inzake productmanagement,design en vormgeving,inzake PR,publiciteit en marketing,inzake de administratieve organisatie en de implementatie van bedrijfsprocessen.
- Het ontwikkelen,kopen,verkopen,beheren,in waarde stellen,in licentie nemen of geven van licenties,brevetten,octrooien,knowhow en andere intellectuele rechten.
- Het organiseren en/of geven van seminaries,opleidingen en presentaties.Het schrijven,verzorgen,begeleiden en uitgeven van literaire werken en bijdragen,handboeken van diverse bijdragen in diverse vormen.
- Het waarnemen van opdrachten als bestuurder of vereffenaar in andere vennootschappen.Het optreden als managementvennootschap,het beheren van vennootschappen,het optreden als holding,het verrichten van alle managementactiviteiten van holdings:het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en controle van ondernemingen.Het nemen van belangen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen of groeperingen,bestaande of op te richten,zowel in België als in het buitenland,die een aanvullend of soortgelijk voorwerp nastreven,of van dien aard zijn de ontwikkeling van haar onderneming te bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten(vruchtgebruik,recht van opstal,erfpacht,…),zoals de huurfinanciering van onroerend goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën;de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen;alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm;het zich borg stellen of aval verlenen,in de meest ruime zin;alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.Het aangaan van leningen of schulden bij derden(met inbegrip van haar aandeelhouders en haar bestuurders)en het maken van alle kosten en doen van alle investeringen die zij nodig of wenselijk acht.Het zich borg stellen en/of het verlenen van zakelijke en/of persoonlijke zekerheden tot waarborg van eigen verbintenissen of tot waarborg van verbintenissen van derden,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Merelstraat 17 registered office 3950 Bocholt | 29-06-2023 | 2.347.206.295 |
Buildings and parcels at the address
- Ground area
- 616 m²
- Buildings
- 160 m²
- Volume, LiDAR
- 1,108 m³
- Tallest building
- 9.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72031B0448/00V000 | 616 m² | 1 · 160 m² | 9.2 m · 2 |