REFACOM
ActiveSummary
REFACOM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €15k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-5
Solvency60▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.53 in 2024; short-term debt: 60.1% and cash: 6.2% of total assets), and 64.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.1%
Return on assets
0.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
30 d early
2023
33 d early
2022
28 d early
2021
45 d early
2020
25 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, abbreviated schema
Equity
€1.03M▲ 1.5%
2024 · €1.01M
Total assets
€2.92M▲ 11.9%
2024 · €2.61M
Net result
€15k▲ 38.5%
2024 · €11k
Working capital
€714k▼ 6.3%
2024 · €762k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66k▲ 101%€103k▲ 55.9%€95k▼ 7.4%€55k▼ 42.1%€70k▲ 27.3%
Net result€32k▲ 1,214%€54k▲ 67.9%€48k▼ 10.9%€11k▼ 77.9%€15k▲ 38.5%
Equity€897k▲ 3.7%€952k▲ 6.0%€1,000k▲ 5.1%€1.01M▲ 1.1%€1.03M▲ 1.5%
Total assets€2.19M▲ 2.5%€2.50M▲ 14.2%€2.65M▲ 5.9%€2.61M▼ 1.3%€2.92M▲ 11.9%
Debt€1.18M▲ 0.3%€1.43M▲ 20.7%€1.58M▲ 10.8%€1.55M▼ 1.8%€1.86M▲ 19.6%
Working capital€723k▲ 7.6%€785k▲ 8.5%€815k▲ 3.8%€762k▼ 6.5%€714k▼ 6.3%
Staff (FTE)8.4▼ 6.7%10.5▲ 25.0%10.4▼ 1.0%8.2▼ 21.2%7.9▼ 3.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.78M
Fixed assets
€314k ▲ 8.7%
Current assets
€2.47M ▲ 12.4%
Equity and liabilities €2.92M
Equity
€1.03M ▲ 1.5%
Provisions
€38k ▼ 16.8%
Debt
€1.86M ▲ 19.6%
Debt's share of the balance-sheet total rises from 59.6% to 63.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€205k▲
2024 · €174k
Cash flow
€149k▲
2024 · €129k
Current ratio
1.41▼
2024 · 1.53
Quick ratio
0.72▲
2024 · 0.71
Debt to equity
1.81▲
2024 · 1.54
ROE
1.4%▲
2024 · 1.1%
ROA
0.5%▲
2024 · 0.4%
Interest coverage
4.32▼
2024 · 4.83
Debt ≤ 1 year
€1.76M▲
2024 · €1.43M
Debt > 1 year
€103k▼
2024 · €120k
Income taxes
€9k▲
2024 · €9k
Staff costs
€516k▼
2024 · €560k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €620k | €688k | €560k | €516k | ▼ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125k | €123k | €119k | €119k | €135k | ▲ 13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €12k | €-57k | €-15k | €-8k | ▲ 50.8% |
| Other operating charges640/8 | - | €9k | €10k | €5k | €11k | ▲ 123% |
| Gross operating margin9900 | €669k | €866k | €855k | €724k | €724k | = |
| Operating profit (loss)9901 | €66k | €103k | €95k | €55k | €70k | ▲ 27.3% |
| Financial income75/76B | - | €149 | €4 | €133 | €1k | ▲ 1,009% |
| Recurring financial income75 | €84 | €149 | €4 | €133 | €1k | ▲ 1,009% |
| Financial charges65/66B | - | €21k | €24k | €36k | €47k | ▲ 31.8% |
| Recurring financial charges65 | €20k | €21k | €24k | €36k | €47k | ▲ 31.8% |
| Profit (loss) for the period before taxes9903 | €46k | €82k | €71k | €19k | €24k | ▲ 25.7% |
| Income taxes67/77 | €14k | €27k | €23k | €9k | €9k | ▲ 9.7% |
| Profit (loss) for the period9904 | €32k | €54k | €48k | €11k | €15k | ▲ 38.5% |
| Transfer from tax-exempt reserves789 | - | €1k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €32k | €55k | €48k | €11k | €15k | ▲ 38.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.19M | €2.50M | €2.65M | €2.61M | €2.92M | ▲ 11.9% |
| Formation expenses20 | €21k | €15k | €8k | €125k | €138k | ▲ 10.5% |
| Fixed assets21/28 | €370k | €335k | €392k | €289k | €314k | ▲ 8.7% |
| Intangible fixed assets21 | €57k | €49k | €75k | €59k | €44k | ▼ 26.0% |
| Tangible fixed assets22/27 | €313k | €287k | €318k | €230k | €270k | ▲ 17.6% |
| Plant, machinery and equipment23 | - | €173k | €171k | €133k | €178k | ▲ 34.2% |
| Furniture and vehicles24 | - | €114k | €147k | €97k | €92k | ▼ 5.2% |
| Current assets29/58 | €1.80M | €2.15M | €2.24M | €2.20M | €2.47M | ▲ 12.4% |
| Stocks and contracts in progress3 | €796k | €1.09M | €1.04M | €1.18M | €1.21M | ▲ 2.4% |
| Stocks30/36 | - | €1.09M | €1.04M | €1.18M | €1.21M | ▲ 2.4% |
| Amounts receivable within one year40/41 | €590k | €772k | €810k | €706k | €1.07M | ▲ 51.9% |
| Trade receivables40 | - | €727k | €801k | €685k | €1.06M | ▲ 55.4% |
| Other amounts receivable41 | - | €45k | €9k | €21k | €9k | ▼ 58.5% |
| Cash at bank and in hand54/58 | €410k | €284k | €387k | €299k | €180k | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | €829 | €2k | €9k | €6k | ▼ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.19M | €2.50M | €2.65M | €2.61M | €2.92M | ▲ 11.9% |
| Equity10/15 | €897k | €952k | €1,000k | €1.01M | €1.03M | ▲ 1.5% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Capital10 | - | €150k | €150k | €150k | €150k | = |
| Issued capital100 | - | €150k | €150k | €150k | €150k | = |
| Reserves13 | €746k | €800k | €849k | €860k | €875k | ▲ 1.7% |
| Non-distributable reserves130/1 | - | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | - | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | - | €785k | €834k | €845k | €860k | ▲ 1.8% |
| Profit (loss) carried forward14 | €1k | €2k | €892 | €539 | €289 | ▼ 46.3% |
| Provisions and deferred taxes16 | €107k | €119k | €62k | €45k | €38k | ▼ 16.8% |
| Provisions for liabilities and charges160/5 | - | €119k | €62k | €45k | €38k | ▼ 16.8% |
| Other liabilities and charges164/5 | - | €119k | €62k | €45k | €38k | ▼ 16.8% |
| Amounts payable17/49 | €1.18M | €1.43M | €1.58M | €1.55M | €1.86M | ▲ 19.6% |
| Amounts payable after more than one year17 | €110k | €64k | €99k | €120k | €103k | ▼ 14.0% |
| Financial debts170/4 | - | €64k | €99k | €120k | €103k | ▼ 14.0% |
| Amounts payable within one year42/48 | €1.07M | €1.36M | €1.43M | €1.43M | €1.76M | ▲ 22.4% |
| Current portion of amounts payable after more than one year42 | - | €86k | €76k | €61k | €51k | ▼ 15.7% |
| Financial debts43 | - | €150k | €462k | €624k | €685k | ▲ 9.8% |
| Credit institutions430/8 | - | €150k | €462k | €624k | €685k | ▲ 9.8% |
| Trade debts44 | €720k | €830k | €623k | €656k | €810k | ▲ 23.6% |
| Suppliers440/4 | - | €830k | €623k | €656k | €810k | ▲ 23.6% |
| Advances received on contracts in progress46 | - | €158k | €108k | - | - | - |
| Taxes, remuneration and social security45 | - | €140k | €141k | €95k | €209k | ▲ 122% |
| Taxes450/3 | - | €63k | €66k | €50k | €150k | ▲ 199% |
| Remuneration and social security454/9 | - | €76k | €75k | €44k | €60k | ▲ 34.6% |
| Other amounts payable47/48 | - | - | €19k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €55k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €54k | €48k | €11k | €15k | ▲ 38.5% |
| + Depreciation and write-downs630 | €125k | €123k | €119k | €119k | €135k | ▲ 13.3% |
| Operating cash flow (approximation) | €158k | €177k | €167k | €129k | €149k | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | €-88k | €-176k | €-15k | €-160k | ▼ 954% |
| Change in cash | - | €-126k | €103k | €-88k | €-118k | ▼ 33.9% |
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
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.01M ▲1.1%
6 profitable years in a row build equity to €1.01M.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €2k ▼95.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beersel · 1 establishment unit since 2007
Ground area
1,432 m²
Building footprint
569 m²
Volume, LiDAR
2,487 m³
Parcel 23046A0038/00N002, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
REFACOM
since 20072.160.483.473
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23046A0038/00N002 | Flanders | 1,432 m² | 1 · 569 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,010 EUR awarded · 1,010 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 309 EUR | 309 EUR |
| 2024 | 1 | 474 EUR | 474 EUR |
| 2022 | 1 | 227 EUR | 227 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
213800KW3TVFWLNMFF67
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Of 57 companies in sector 46642 we hold annual accounts for 37. 26 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-1991
Fiscal year end31-03
Activities, NACEBEL 2025
46642Wholesale trade
33120Repair and maintenance of machinery
Contact
Scores and ratios are computed by Checked and are not a credit decision.