REFACTORINC
ActiveREFACTORINC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €39k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 55% of 16974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency89▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 12.83 in 2024; short-term debt: 35.8% and cash: 76.1% of total assets), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
64.2%
Return on assets
31.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €78k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
130 d early
2024
48 d early
2023
48 d early
2022
35 d early
2021
46 d early
2020
46 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 6.1%
2024 · €74k
2018: €73k
2019: €106k
2020: €50k
2021: €72k
2022: €47k
2023: €55k
2024: €74k
2018 → 2025
Total assets
€122k▲ 53.3%
2024 · €79k
2018: €86k
2019: €116k
2020: €164k
2021: €77k
2022: €100k
2023: €80k
2024: €79k
2018 → 2025
Net result
€39k▲ 104%
2024 · €19k
2018: €33k
2019: €33k
2020: €37k
2021: €22k
2022: €25k
2023: €26k
2024: €19k
2018 → 2025
Working capital
€70k▲ 3.8%
2024 · €68k
2018: €63k
2019: €98k
2020: €40k
2021: €55k
2022: €31k
2023: €46k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€47k▼ 35.0%€55k▲ 16.6%€74k▲ 34.8%€78k▲ 6.1%
Operating result€29k-€31k▲ 10.2%€33k▲ 6.1%€25k▼ 24.6%€49k▲ 95.7%
Net result€22k-€25k▲ 13.0%€26k▲ 4.0%€19k▼ 26.3%€39k▲ 104%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 96% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€8k▲ 31.4%
Current assets
€114k▲ 55.1%
Equity and liabilities €122k
Equity
€78k▲ 6.1%
Debt
€44k▲ 663%
The debt ratio rises from 7.2% to 35.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €32k
Cash flow
€42k▲
2024 · €26k
Solvency
64.2%▼
2024 · 92.8%
Current ratio
2.61▼
2024 · 12.83
Quick ratio
2.61▼
2024 · 12.83
Debt / equity
0.56▲
2024 · 0.08
ROE
49.5%▲
2024 · 25.8%
ROA
31.8%▲
2024 · 23.9%
Interest coverage
751.77▲
2024 · 412.03
Debt
€44k▲
2024 · €6k
Debt ≤ 1 year
€44k▲
2024 · €6k
Income taxes
€10k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€79k€122k▲
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Furniture and vehicles24€6k€8k▲
Current assets29/58€73k€114k▲
Amounts receivable within one year40/41€16k€20k▲
Trade receivables40€10k€20k▲
Other amounts receivable41€7k-
Cash at bank and in hand54/58€56k€93k▲
Deferred charges and accrued income490/1€716€716=
Equity and liabilities
Total equity and liabilities10/49€79k€122k▲
Equity10/15€74k€78k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€53k€58k▲
Amounts payable17/49€6k€44k▲
Amounts payable within one year42/48€6k€44k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3-€5k
Remuneration and social security454/9€3k-
Other amounts payable47/48€737€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€163-
Gross operating margin9900€34k€55k▲
Operating profit (loss)9901€25k€49k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€78€70▼
Recurring financial charges65€78€70▼
Profit (loss) for the period before taxes9903€25k€49k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€19k€39k▲
Profit (loss) for the period to be appropriated9905€19k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€92k▲
Profit (loss) brought forward from the previous period14P€34k€53k▲
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €39k ▲104%
Operating result €49k, net result €39k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €19k ▼26.3%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 12.83
Current ratio from 2.80 to 12.83; short-term debt falls from €25k to €6k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 9current ratio 12.25
Current ratio from 1.35 to 12.25; short-term debt falls from €114k to €5k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €106k ▲44.9%
2 profitable years in a row build equity to €106k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Boechout · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Smalleweg 142530 BoechoutGround area
415 m²
Building footprint
108 m²
Volume, LiDAR
609 m³
Parcel 11004D0458/00L005, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REFACTORINC
since 20162.254.816.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0458/00L005 | Flanders | 415 m² | 1 · 108 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,390. 15,593 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2016
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.