Equity
€1.0m ▲ 1.0%
REFACOM has made a profit in every financial year since 2009.
REFACOM
Lifetime
18 annual accounts with figures on one time axis, 34 filings since 1992peak €866,304 (2022)
€679,843▼ 6.1%
peak €96,905 (2013)
€10,533▼ 28.6%
peak €1.0m (2026)
€1.0m▲ 1.0%
€1.5m▼ 20.0%
peak 10.5 FTE (2022)
8.6 FTE▲ 8.9%
Board4 names since 2018
3 directorsVANHAMME Georges and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
25-09-202636 days before the deadline
2026financial year
Result from €14,750 to €10,533Staff from 7.9 FTE to 8.6 FTEDebts from €1.9m to €1.5m
Key points
from the 2026 annual accountsChecked score
85
Excellent
Financially stronger than 41% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025lowest value
05-2025: 0.2%● unchanged vs 04-2025lowest value
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.3%▼ -0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: 8.6 FTE, total assets €2.5m
Liquidity: current ratio 1.48, cash €144,672
lowers risk
Founded in 1991
Figures for financial year 2026 (filed on 25-09-2026)
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 46, micro). It does better than 49% of them on solvency, 27% on liquidity, 45% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as REFACOM has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REFACOM itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,041 companies, not a prediction for REFACOM. 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
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.41 in 2025), below the usual 1.5. Short-term debt is 54.8% and cash 5.7% of total assets. 59.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-09-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
36 days early
2025
10 days early
2024
30 days early
2023
33 days early
2022
28 days early
2021
45 days early
2020
25 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 30 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 1 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- VANHAMME INTERNATIONAL CORPORATION 98.5%equity €590,519 (2025) · 30-06-2025 annual accounts of VANHAMME INTERNATIONAL CORPORATION
- KESTERBEEK 1.5%score 95equity €213,029 (2025) · 2025 annual accounts of KESTERBEEK
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446021836
4 directors resigning, 2 reappointments
Resignations: VAN MELKEBEECK Jacqueline, VANHAMME Georges, VANHAMME Vanessa and VIC · Reappointments: VANHAMME Vanessa (director) and VANHAMME Georges (director) · VANHAMME INTERNATIONAL CORPORATION holds 135 shares · General meeting of 06-06-2024 · Gazette deed
Registered office moved to Lot-Beersel
New registered office: LOT (1651 Lot-Beersel) - Kesterbeeklaan 195 · Reappointments: Georges Vanhamme (managing director), Vanessa Vanhamme (managing director), Jacqueline Van Melkebeeck and VIC · Permanent representative: Georges Vanhamme · General meeting of 04-04-2018 · Gazette deed
First establishment
Kesterbeeklaan 195, Beersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REFACOM Beersel | €2.5m | €0.7m | 40.7% | 8.6 |
| SOBELPAC Thuin | €3.5m | €0.5m | 39.8% | 4.5 |
| Decatechnic Herentals | €6.2m | €1.4m | 37.7% | 5.9 |
| Espera Belgium Holsbeek | €3.3m | €2.3m | 65.7% | 11.7 |
| AL-WEGEN Puurs-Sint-Amands | €2.6m | €1.6m | 53.5% | 15.8 |
| BJP-Groep Deerlijk | €1.8m | €0.2m | 38.0% | - |
| MAXPAC Temse | €2.8m | €1.5m | 33.4% | 12 |
These companies have the same main activity as REFACOM: wholesale trade (NACE 46642). They are comparable in size and age: total assets between €1.8m and €6.2m, founded between 1977 and 2010.
Official details
Source: KBO- Status
- Active since 17-12-1991Normal situation
- Activity
- Wholesale tradeNACE 46642and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2026
- Establishment unit
- 2.160.483.4731651 Beersel, since 16-03-2007
- Financial year end
- 31 March
- Peppol
- Reachable since 19-12-2025
Annual accounts to 31-03-2026
- ≈ €3.4mestimated
- €2.5m▼ 12.9%
- Employeeson 31-03-2026
- 9▲ 12.5%
- Filing
- Filed on 25-09-2026, 36 days before the end of the filing period
Insights on REFACOM
REFACOM has existed since 1991. The gross margin grew from €387,949 in 2009 to €679,843 in 2026.
Solvency rose in 2026 from 35.1% to 40.7% because of the retained profit and lower debts.
VANHAMME INTERNATIONAL CORPORATION holds 98.5% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REFACOM
- What is the company number of REFACOM?
- The company number of REFACOM is 0446.021.836. The VAT number is the same number with BE in front: BE 0446.021.836.
- Where is REFACOM based?
- The registered office is at Kesterbeeklaan 195, 1651 Beersel.Company details
- What does REFACOM do?
- According to the KBO register, the main activity is wholesale trade (NACE 46642).
- What is the legal form of REFACOM?
- REFACOM is a public limited company (NV).
- When was REFACOM founded?
- REFACOM was founded on 17-12-1991.
- Is REFACOM still active?
- Yes, REFACOM is an active enterprise in the KBO register.
- How many employees does REFACOM have?
- REFACOM had an average of 8.6 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does REFACOM fall under?
- In its 31-03-2026 annual accounts, REFACOM states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of REFACOM?
- The turnover in financial year 2026 is ≈ €3.4m. This figure is estimated from the gross margin of €679,843 and 139 comparable companies (NACE 46). It probably lies between €2.2m and €5.9m.
- Is REFACOM profitable?
- In financial year 2026, REFACOM made a profit of €10,533.
- Where can I find the annual accounts of REFACOM?
- REFACOM filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of REFACOM due?
- REFACOM must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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