REFACOM
Annual accounts 2026
full format, filed on 25-09-2026, 36 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €3.4m. Estimated: probably between €2.2m and €5.9m.
Balance sheet
balance sheet total €2.5m on 31-03-2026in €m
in euro
Position in the sector
40.7%
Higher than 39% of 6,192 companies in 2025.
1.48
Higher than 36% of 6,112 companies in 2025.
0.4%
Higher than 29% of 6,176 companies in 2025.
Staff
€57,519
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2026, 5 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
2.5m | 2.9m | 2.6m | 2.6m | 2.5m | 2.2m | 2.1m | 2.1m | 2.1m | 2.1m | 2.3m | 2.1m | 2.1m | 2.0m | 1.8m | 2.2m | 1.7m | 1.7m | |
20 |
188,624 | 138,261 | 125,101 | 8,191 | 14,823 | 21,456 | 20,299 | 552 | 5,159 | 9,767 | 14,374 | 16,222 | - | - | - | - | - | - | |
21/28 |
292,498 | 313,790 | 288,796 | 392,381 | 335,326 | 369,996 | 416,185 | 454,148 | 424,180 | 447,658 | 462,897 | 469,080 | 483,598 | 425,774 | 457,993 | 631,179 | 631,830 | 607,851 | |
21 |
28,655 | 43,872 | 59,273 | 74,673 | 48,551 | 56,734 | 64,918 | 73,101 | 81,285 | 89,468 | 97,652 | 104,097 | 114,773 | 12,600 | 22,427 | 32,253 | 42,247 | 52,241 | |
22/27 |
263,843 | 269,918 | 229,523 | 317,708 | 286,775 | 313,262 | 351,267 | 381,047 | 342,896 | 358,190 | 350,871 | 348,761 | 368,825 | 413,174 | 383,166 | 431,507 | 386,533 | 337,889 | |
23 |
176,109 | 178,348 | 132,892 | 170,729 | 172,589 | 175,561 | 197,156 | 221,236 | 239,704 | 269,991 | 281,139 | 276,073 | 312,423 | 310,236 | 303,969 | 334,010 | 330,197 | 280,761 | |
24 |
87,734 | 91,570 | 96,631 | 146,979 | 114,187 | 137,701 | 154,111 | 159,812 | 103,192 | 88,198 | 69,732 | 72,688 | 56,402 | 102,938 | 79,197 | 96,598 | 53,479 | 52,311 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 52,400 | 167,418 | 203,050 | 217,722 | |
29/58 |
2.1m | 2.5m | 2.2m | 2.2m | 2.1m | 1.8m | 1.7m | 1.6m | 1.7m | 1.7m | 1.8m | 1.6m | 1.6m | 1.5m | 1.3m | 1.6m | 1.0m | 1.0m | |
3 |
1.2m | 1.2m | 1.2m | 1.0m | 1.1m | 796,119 | 794,622 | 727,436 | 773,806 | 708,462 | 740,324 | 699,095 | 758,364 | 659,201 | 595,862 | 495,550 | 420,238 | 433,539 | |
30/36 |
1.2m | 1.2m | 1.2m | 1.0m | 1.1m | 796,119 | 794,622 | 727,436 | 773,806 | 708,462 | 740,324 | 699,095 | 758,364 | 659,201 | 595,862 | 495,550 | 420,238 | 433,539 | |
40/41 |
714,644 | 1.1m | 706,140 | 809,981 | 771,958 | 589,612 | 584,578 | 722,662 | 692,487 | 679,033 | 851,909 | 755,554 | 798,619 | 716,006 | 668,658 | 877,921 | 460,330 | 477,899 | |
40 |
707,172 | 1.1m | 684,664 | 800,526 | 727,034 | 571,937 | 561,074 | 675,393 | 666,705 | 655,342 | 827,518 | 733,637 | 771,551 | 653,051 | 648,906 | 832,445 | 448,280 | 463,072 | |
41 |
7,472 | 8,920 | 21,476 | 9,455 | 44,924 | 17,675 | 23,504 | 47,269 | 25,783 | 23,690 | 24,391 | 21,917 | 27,068 | 62,955 | 19,752 | 45,476 | 12,050 | 14,827 | |
54/58 |
144,672 | 180,419 | 298,763 | 387,145 | 283,804 | 409,813 | 317,488 | 176,824 | 185,054 | 297,062 | 250,045 | 167,894 | 43,161 | 156,283 | 74,100 | 195,187 | 118,773 | 116,080 | |
490/1 |
5,705 | 5,989 | 8,862 | 2,471 | 829 | 641 | 340 | 397 | 366 | 335 | 2,208 | 4,640 | 3,756 | 1,120 | 1,429 | 18,145 | 38,936 | 20,023 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
2.5m | 2.9m | 2.6m | 2.6m | 2.5m | 2.2m | 2.1m | 2.1m | 2.1m | 2.1m | 2.3m | 2.1m | 2.1m | 2.0m | 1.8m | 2.2m | 1.7m | 1.7m | |
10/15 |
1.0m | 1.0m | 1.0m | 999,892 | 951,620 | 897,451 | 865,192 | 862,736 | 822,343 | 819,935 | 759,562 | 705,225 | 653,199 | 601,699 | 504,794 | 432,292 | 380,577 | 351,937 | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
10 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
13 |
885,000 | 875,000 | 860,000 | 849,000 | 800,000 | 746,154 | 711,154 | 711,154 | 666,154 | 646,154 | 586,154 | 526,154 | 471,155 | 420,965 | 340,728 | 265,548 | 230,374 | 200,000 | |
130/1 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
132 |
- | - | - | - | - | 1,154 | 1,154 | 1,154 | 1,154 | 1,154 | 1,154 | 1,154 | 1,155 | 965 | 728 | 548 | 374 | - | |
133 |
870,000 | 860,000 | 845,000 | 834,000 | 785,000 | 730,000 | 695,000 | 695,000 | 650,000 | 630,000 | 570,000 | 510,000 | 455,000 | 405,000 | 325,000 | 250,000 | 215,000 | 185,000 | |
14 |
822 | 289 | 539 | 892 | 1,620 | 1,297 | 4,038 | 1,582 | 6,189 | 23,780 | 23,408 | 29,071 | 32,044 | 30,734 | 14,066 | 16,744 | 203 | 1,937 | |
16 |
20,000 | 37,500 | 45,081 | 62,000 | 119,000 | 107,000 | 89,000 | 50,000 | 47,000 | 39,925 | 44,575 | 33,400 | 25,000 | 40,000 | 50,000 | 12,500 | 14,500 | - | |
160/5 |
20,000 | 37,500 | 45,081 | 62,000 | 119,000 | 107,000 | 89,000 | 50,000 | 47,000 | 39,925 | 44,575 | 33,400 | 25,000 | 40,000 | 50,000 | 12,500 | 14,500 | - | |
164/5 |
20,000 | 37,500 | 45,081 | 62,000 | 119,000 | 107,000 | 89,000 | 50,000 | 47,000 | 39,925 | - | - | - | - | - | - | - | - | |
17/49 |
1.5m | 1.9m | 1.6m | 1.6m | 1.4m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.5m | 1.4m | 1.4m | 1.3m | 1.2m | 1.8m | 1.3m | 1.3m | |
17 |
94,504 | 103,235 | 119,982 | 99,007 | 64,471 | 110,451 | 154,731 | 110,076 | 74,002 | 88,246 | 85,214 | 85,867 | 92,618 | 92,577 | 111,884 | 200,099 | 186,606 | 199,863 | |
170/4 |
94,504 | 103,235 | 119,982 | 99,007 | 64,471 | 110,451 | 154,731 | 110,076 | 74,002 | 88,246 | 85,214 | 81,617 | 87,994 | 92,577 | 111,884 | 140,099 | 126,606 | 139,863 | |
175 |
- | - | - | - | - | - | - | - | - | - | - | 4,250 | 4,624 | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 60,000 | 60,000 | 60,000 | |
42/48 |
1.4m | 1.8m | 1.4m | 1.4m | 1.4m | 1.1m | 1.0m | 1.1m | 1.1m | 1.2m | 1.4m | 1.3m | 1.3m | 1.2m | 1.1m | 1.6m | 1.1m | 1.1m | |
42 |
46,212 | 51,200 | 60,764 | 75,860 | 86,236 | 95,205 | 89,949 | 70,794 | 61,094 | 57,534 | 53,407 | 49,876 | 66,335 | 67,063 | 51,412 | 48,547 | 43,031 | 41,988 | |
43 |
630,279 | 684,932 | 623,828 | 462,471 | 149,996 | 113,975 | 255,340 | 220,397 | 55,366 | 145,335 | 442,835 | 317,867 | 325,362 | 246,120 | 233,096 | 477,211 | 460,134 | 429,148 | |
430/8 |
630,279 | 684,932 | 623,828 | 462,471 | 149,996 | 113,975 | 255,340 | 220,397 | 55,366 | 145,335 | 442,835 | 317,867 | 325,362 | 246,120 | 233,096 | 477,211 | 460,134 | 429,148 | |
44 |
605,180 | 810,284 | 655,569 | 622,981 | 830,125 | 720,435 | 569,191 | 638,015 | 801,113 | 706,676 | 784,569 | 785,335 | 803,714 | 790,319 | 718,350 | 796,873 | 516,264 | 550,121 | |
440/4 |
605,180 | 810,284 | 655,569 | 622,981 | 830,125 | 720,435 | 569,191 | 638,015 | 801,113 | 706,676 | 784,569 | 785,335 | 803,714 | 790,319 | 718,350 | 796,873 | 516,264 | 550,121 | |
46 |
- | - | - | 107,709 | 157,746 | 18,150 | - | - | 26,465 | 126,039 | - | - | - | - | 27,096 | 158,400 | - | - | |
45 |
111,896 | 209,407 | 94,512 | 141,216 | 139,706 | 124,972 | 110,109 | 113,001 | 143,669 | 158,627 | 137,221 | 118,693 | 121,270 | 120,606 | 85,770 | 89,218 | 67,805 | 75,144 | |
450/3 |
44,965 | 149,608 | 50,073 | 65,904 | 63,323 | 67,499 | 65,595 | 46,089 | 75,798 | 86,869 | 75,030 | 64,660 | 72,679 | 63,691 | 46,209 | 55,559 | 36,459 | 35,072 | |
454/9 |
66,931 | 59,799 | 44,439 | 75,312 | 76,383 | 57,472 | 44,513 | 66,911 | 67,871 | 71,758 | 62,191 | 54,033 | 48,591 | 56,915 | 39,561 | 33,660 | 31,346 | 40,072 | |
47/48 |
- | - | - | 19,486 | - | - | - | 17,000 | 50,000 | - | - | - | - | - | 15,070 | - | - | - | |
492/3 |
- | - | - | 54,500 | - | - | - | - | - | - | - | - | - | - | 570 | 2,841 | 1,191 | 7,191 | |
| Income statement | |||||||||||||||||||
9900 |
679,843 | 723,922 | 723,630 | 855,329 | 866,304 | 669,481 | 769,998 | 844,051 | 787,743 | 770,523 | 719,116 | 656,999 | 635,256 | 702,518 | 627,631 | 490,092 | 414,098 | 387,949 | |
62 |
494,659 | 515,642 | 560,277 | 688,319 | 619,708 | 453,609 | 563,595 | 599,380 | 551,472 | 540,011 | 485,205 | 424,526 | 425,754 | 438,157 | 319,882 | 259,956 | 224,989 | 222,033 | |
630 |
133,912 | 134,531 | 118,715 | 119,208 | 123,009 | 125,381 | 128,068 | 124,327 | 109,254 | 100,441 | 98,200 | 110,624 | 107,714 | 97,915 | 90,714 | 99,255 | 79,958 | 72,303 | |
631/4 |
-17,500 | -7,581 | -15,419 | -57,000 | 12,000 | 18,000 | 39,035 | 3,000 | 7,078 | -4,333 | 11,175 | 5,514 | -14,466 | -11,081 | 40,230 | -914 | 13,927 | 89 | |
640/8 |
6,003 | 11,336 | 5,078 | 9,855 | 9,037 | 6,729 | 6,615 | 11,885 | 6,608 | 11,877 | 10,573 | 10,231 | 13,724 | 10,706 | 6,616 | 7,423 | 7,092 | 6,567 | |
9901 |
62,768 | 69,995 | 54,979 | 94,946 | 102,549 | 65,762 | 32,685 | 105,459 | 113,332 | 122,527 | 113,963 | 106,104 | 102,530 | 166,821 | 170,189 | 124,373 | 88,133 | 86,957 | |
75/76B |
7 | 1,471 | 133 | 4 | 149 | 84 | 691 | 207 | 107 | 246 | 95 | 1,081 | 3,716 | 4,182 | 1,733 | 1,258 | 608 | 203 | |
75 |
7 | 1,471 | 133 | 4 | 149 | 84 | 691 | 207 | 107 | 246 | 95 | 1,081 | 3,716 | 4,182 | 1,733 | 1,258 | 608 | 203 | |
65/66B |
39,473 | 47,367 | 35,941 | 23,697 | 21,063 | 20,073 | 24,425 | 21,907 | 24,713 | 26,721 | 29,061 | 28,604 | 29,180 | 27,362 | 34,955 | 38,753 | 39,612 | 45,613 | |
65 |
39,473 | 47,367 | 35,941 | 23,697 | 21,063 | 20,073 | 24,425 | 21,907 | 24,713 | 26,721 | 29,061 | 28,604 | 29,180 | 27,362 | 34,955 | 38,753 | 39,612 | 45,613 | |
9903 |
23,302 | 24,098 | 19,170 | 71,254 | 81,635 | 45,772 | 8,952 | 83,758 | 88,725 | 96,052 | 84,997 | 78,581 | 77,066 | 143,641 | 136,967 | 86,878 | 49,128 | 41,547 | |
67/77 |
12,769 | 9,348 | 8,524 | 22,982 | 27,465 | 13,514 | 6,496 | 26,365 | 36,317 | 35,680 | 30,660 | 26,554 | 25,567 | 46,736 | 49,395 | 35,162 | 20,489 | 18,486 | |
9904 |
10,533 | 14,750 | 10,647 | 48,272 | 54,170 | 32,259 | 2,456 | 57,393 | 52,408 | 60,373 | 54,337 | 52,027 | 51,499 | 96,905 | 87,572 | 51,716 | 28,639 | 23,061 | |
789 |
- | - | - | - | 1,154 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | 189 | 237 | 180 | 175 | 374 | - | |
9905 |
10,533 | 14,750 | 10,647 | 48,272 | 55,324 | 32,259 | 2,456 | 57,393 | 52,408 | 60,373 | 54,337 | 52,027 | 51,310 | 96,668 | 87,392 | 51,541 | 28,266 | 23,061 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
10,822 | 15,289 | 11,539 | 49,892 | 56,620 | 36,297 | 4,038 | 63,582 | 76,189 | 83,780 | 83,408 | 84,071 | 82,044 | 110,734 | 104,136 | 51,744 | 30,203 | 26,937 | |
14P |
289 | 539 | 892 | 1,620 | 1,297 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
10,000 | 15,000 | 11,000 | 49,000 | 55,000 | 35,000 | - | 45,000 | 20,000 | 60,000 | 60,000 | 55,000 | 50,000 | 80,000 | 75,000 | 35,000 | 30,000 | 25,000 | |
6921 |
10,000 | 15,000 | 11,000 | 49,000 | 55,000 | 35,000 | - | 45,000 | 20,000 | 60,000 | 60,000 | 55,000 | 50,000 | 80,000 | 75,000 | 35,000 | 30,000 | 25,000 | |
694/7 |
- | - | - | - | - | - | - | 17,000 | 50,000 | - | - | - | - | - | 15,070 | - | - | - | |
694 |
- | - | - | - | - | - | - | 17,000 | 50,000 | - | - | - | - | - | 15,070 | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
8.6 | 7.9 | 8.2 | 10.4 | 10.5 | 8.4 | 9 | 9.7 | 9.3 | 9.7 | 8.8 | 7.9 | 8.3 | 8.5 | 6.8 | 5.6 | 5.6 | 7.4 | |
Hours worked1013 |
12,655 | 12,173 | 13,402 | 16,642 | 16,825 | 12,750 | 14,555 | 16,802 | 15,540 | 16,610 | 15,315 | 13,466 | 14,372 | 14,704 | 10,715 | 9,876 | 9,427 | 10,963 | |
| Document | |||||||||||||||||||
The accounts for 16 older financial years (1992-2008) were filed as documents without figures as data, scans for example.
The notes to these accounts have 18 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 2026 at the NBB, filed on 25-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 25-09-2026 | 2026-00523829 | |
| 31-03-2025 | abbreviated format | 21-10-2025 | 2025-00546298 | |
| 31-03-2024 | abbreviated format | 01-10-2024 | 2024-00487794 | |
| 31-03-2023 | abbreviated format | 28-09-2023 | 2023-00457080 | |
| 31-03-2022 | abbreviated format | 03-10-2022 | 2022-20446499 | |
| 31-03-2021 | abbreviated format | 16-09-2021 | 2021-67400122 | |
| 31-03-2020 | abbreviated format | 06-10-2020 | 2020-59100519 | |
| 31-03-2019 | abbreviated format | 26-09-2019 | 2019-66000293 | |
| 31-03-2018 | full format | 10-09-2018 | 2018-62400466 | |
| 31-03-2017 | full format | 22-09-2017 | 2017-61900001 | |
| 31-03-2016 | full format | 22-09-2016 | 2016-60600387 | |
| 31-03-2015 | full format | 03-09-2015 | 2015-58000082 | |
| 31-03-2014 | full format | 23-09-2014 | 2014-59700463 | |
| 31-03-2013 | full format | 09-09-2013 | 2013-57700550 | |
| 31-03-2012 | full format | 27-09-2012 | 2012-58400598 | |
| 31-03-2011 | full format | 15-09-2011 | 2011-54600102 | |
| 31-03-2010 | full format | 13-09-2010 | 2010-54100338 | |
| 31-03-2009 | full format | 04-09-2009 | 2009-75400228 | |
| 31-03-2008 | full format | 18-09-2008 | 2008-73600195 | |
| 31-03-2007 | full format | 21-09-2007 | 2007-73000135 | |
| 31-03-2006 | full format | 20-09-2006 | 2006-79001433 | |
| 31-03-2005 | full format | 26-09-2005 | 2005-71303142 | |
| 31-03-2004 | full format | 21-12-2004 | 2004-86700072 | |
| 31-03-2003 | full format | 17-10-2003 | 2003-75005337 | |
| 31-03-2002 | full format | 06-09-2002 | 2002-54103512 | |
| 31-03-2001 | abbreviated format | 28-09-2001 | 2001-59404939 | |
| 31-03-2000 | abbreviated format | 26-07-2000 | 2000-45804320 | |
| 31-03-1999 | abbreviated format | 20-09-1999 | 1999-47301161 | |
| 31-03-1998 | abbreviated format | 11-06-1998 | 1998-15804526 | |
| 30-09-1997 | abbreviated format | 08-06-1998 | 1998-15205303 | |
| 31-12-1995 | abbreviated format | 10-04-1997 | 1997-05504559 | |
| 31-12-1994 | abbreviated format | 25-09-1995 | 1995-50600706 | |
| 31-12-1993 | abbreviated format | 26-09-1994 | 1994-40900086 | |
| 31-12-1992 | abbreviated format | 01-10-1993 | 1993-38105230 |
Subsidies and aid
Flemish government 2022 to 2025, 3 entries, €1,010 awarded, €1,010 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €309 | €309 |
| 2024 | 1 | €474 | €474 |
| 2022 | 1 | €227 | €227 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 196,680 | 204,525 | 173,693 | 214,154 | 225,558 | 191,143 | 160,753 | 229,786 | 222,586 | 222,968 | 212,163 | 216,728 | 210,244 | 264,736 | 260,903 | 223,628 | 168,091 | 159,260 | ||
| 144,445 | 149,281 | 129,362 | 167,479 | 177,178 | 157,640 | 130,524 | 181,720 | 161,662 | 160,814 | 152,537 | 162,651 | 159,213 | 194,820 | 178,286 | 150,971 | 108,597 | 95,364 | ||
| 75,758 | 126,157 | 26,321 | 169,631 | 82,249 | 72,560 | 91,181 | 156,150 | 81,169 | 101,061 | 109,617 | 75,829 | 177,204 | 118,096 | 32,546 | 134,236 | 118,609 | 133,286 | ||
| -35,747 | -118,345 | -88,381 | 103,341 | -126,010 | 92,325 | 140,664 | -8,230 | -112,008 | 47,017 | 82,151 | 124,733 | -113,122 | 82,183 | -121,087 | 76,414 | 2,693 | - | ||
| 669,204 | 713,973 | 761,706 | 814,827 | 784,943 | 723,450 | 672,440 | 568,112 | 514,005 | 490,681 | 426,454 | 355,412 | 287,219 | 308,502 | 209,255 | 16,554 | -48,957 | -48,861 | ||
| 40.7% | 35.1% | 38.7% | 37.8% | 38.1% | 41.0% | 40.6% | 41.4% | 39.5% | 38.3% | 32.9% | 33.6% | 31.3% | 30.7% | 28.1% | 19.5% | 22.8% | 21.3% | ||
| 1.48 | 1.41 | 1.53 | 1.57 | 1.58 | 1.67 | 1.66 | 1.54 | 1.45 | 1.41 | 1.30 | 1.28 | 1.22 | 1.25 | 1.19 | 1.01 | 0.95 | 0.96 | ||
| 0.62 | 0.72 | 0.71 | 0.84 | 0.77 | 0.93 | 0.88 | 0.85 | 0.77 | 0.82 | 0.78 | 0.73 | 0.64 | 0.71 | 0.66 | 0.69 | 0.57 | 0.56 | ||
| 1.44 | 1.81 | 1.54 | 1.58 | 1.50 | 1.32 | 1.36 | 1.36 | 1.47 | 1.56 | 1.98 | 1.93 | 2.16 | 2.19 | 2.46 | 4.10 | 3.35 | 3.70 | ||
| 1.0% | 1.4% | 1.1% | 4.8% | 5.7% | 3.6% | 0.3% | 6.7% | 6.4% | 7.4% | 7.2% | 7.4% | 7.9% | 16.1% | 17.3% | 12.0% | 7.5% | 6.6% | ||
| 0.4% | 0.5% | 0.4% | 1.8% | 2.2% | 1.5% | 0.1% | 2.8% | 2.5% | 2.8% | 2.4% | 2.5% | 2.5% | 4.9% | 4.9% | 2.3% | 1.7% | 1.4% | ||
| 4.98 | 4.32 | 4.83 | 9.04 | 10.71 | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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.
Social balance sheet
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 8 | 8 | 11 | 12 |
| full-time | 8 | 7 | 7 | 10 | 10 |
| part-time | 1 | 1 | 1 | 1 | 2 |
| in full-time equivalents | 8.9 | 7.9 | 7.4 | 10.8 | 11.6 |
| 8.6 | 7.9 | 8.2 | 10.4 | 10.5 | |
| On a permanent contract | 8 | 8 | 7 | 10 | 10 |
| Joined | 5 | 3 | 6 | 4 | 5 |
| Left | 4 | 1 | 8 | 5 | 2 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Securities and guarantees
on own assets and for others| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €77,401 | €47,362 | €84,289 | €114,912 | €91,948 |
| Carrying value of the other pledged assets | €99,157 | - | €99,157 | €99,157 | €99,157 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €75,758 | €126,157 | €26,321 | €133,545 | €82,249 |
| Intangible fixed assets | - | - | - | €36,086 | - |
| €133,912 | €134,531 | €118,715 | €119,208 | €123,009 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on REFACOM
The operating result for 2026 is 10% lower than in 2025.
Debt's share of the balance-sheet total falls from 63.6% to 58.5%. Equity is higher and debt is lower.