REFAL
ActiveSummary
The computed 12-month bankruptcy probability of REFAL is 2.2% (moderate). For REFAL, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €16k and a net result of €2k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 15225 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability39▼-5
Solvency31=
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
6%
Return on assets
0.6%
Age of the figures
33 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-11-2024, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
115 d late
2022
350 d late
2021
715 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€210k▲ 10.3%
2022 · €190k
2021: €21k
2022: €190k
2021 → 2023
EBIT margin
1.4%▼ 2.4pp
2022 · 3.8%
2021: 26.5%
2022: 3.8%
2021 → 2023
Net result
€2k▼ 75.5%
2022 · €6k
2021: €6k
2022: €6k
2021 → 2023
Working capital
€16k▲ 10.4%
2022 · €15k
2021: €9k
2022: €15k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Turnover€21k-€190k▲ 807%€210k▲ 10.3%
Equity€9k-€15k▲ 73.6%€16k▲ 10.4%
Operating result€6k-€7k▲ 30.4%€3k▼ 59.4%
Net result€6k-€6k▲ 13.3%€2k▼ 75.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 59% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €272k
Equity
€16k ▲ 10.4%
Debt
€255k ▲ 11.7%
Debt's share of the balance-sheet total rises from 93.9% to 94.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.06▼
2022 · 1.07
Debt to equity
15.57▲
2022 · 15.38
ROE
9.4%▼
2022 · 42.4%
ROA
0.6%▼
2022 · 2.6%
Debt ≤ 1 year
€255k▲
2022 · €228k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 32 lines
Balance sheet
Code20222023
Assets
Total assets20/58€243k€272k▲
Current assets29/58€243k€272k▲
Amounts receivable within one year40/41€236k€265k▲
Trade receivables40€221k€261k▲
Other amounts receivable41€15k€4k▼
Cash at bank and in hand54/58€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€243k€272k▲
Equity10/15€15k€16k▲
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Profit (loss) carried forward14€12k€13k▲
Amounts payable17/49€228k€255k▲
Amounts payable within one year42/48€228k€255k▲
Financial debts43€187k€187k=
Credit institutions430/8€187k€187k=
Trade debts44€28k€68k▲
Suppliers440/4€28k€68k▲
Taxes, remuneration and social security45€14k€348▼
Taxes450/3-€348
Remuneration and social security454/9€14k-
Income statement
Code20222023
Turnover70€190k€210k▲
Goods, raw materials, services and sundry goods60/61€183k€207k▲
Gross operating margin9900€7k€3k▼
Operating profit (loss)9901€7k€3k▼
Financial charges65/66B€950€1k▲
Recurring financial charges65€950€1k▲
Profit (loss) for the period before taxes9903€6k€2k▼
Profit (loss) for the period9904€6k€2k▼
Profit (loss) for the period to be appropriated9905€6k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€13k▲
Profit (loss) brought forward from the previous period14P€6k€12k▲
Timeline · acts, filings and financial milestones
2024
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 115 days late
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 350 days late
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 715 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼75.5%
Net result drops to €2k, the lowest in the series.
2022
31-12
Financial
Highest result since 2021net €6k ▲13.3%
Operating result €7k, net result €6k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
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.
Lange Lozanastraat 1422018 AntwerpenGround area
949 m²
Building footprint
948 m²
Volume, LiDAR
11,726 m³
Parcel 11810K1626/00B004, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
REFAL
since 20212.312.343.111
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1626/00B004 | Flanders | 949 m² | 1 · 948 m² | 20.4 m · 5 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.
Similar companies · same sector, comparable size
DE HERTOG
BE 0471.745.246
Ternat · Eq €16,580
Omics Technologies
BE 0758.438.050
Sint-Lambrechts-Woluwe · Eq €16,715
TRYMA SERVICE
BE 0797.320.501
Roeselare · Eq €16,898
STAHLWILLE
BE 0461.960.520
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URBAN DESIGN
BE 0745.420.551
Nandrin · Eq €15,677
Of 2,506 companies in sector 46649 we hold annual accounts for 1,759. 418 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
73110Advertising agencies
46190Agents in non-specialised wholesale trade
46460Wholesale of pharmaceutical and medical goods
46500Wholesale of information and communication equipment
46646Wholesale trade
46647Wholesale trade
46851Wholesale of industrial chemicals
47120Other non-specialised retail sale
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.