REFALIS
ActiveSummary
REFALIS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,216 and a net result of €17,216. Its solvency ranks better than 65% of 17,021 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-2025 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment units
- 2.376.152.481 4000 Liège, since 01-07-2025
- 2.388.046.463 4000 Liège, since 20-04-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Board and ownership
- RASCHIO LorenzoDirector · since 26-06-2025
- RASCHIO Lorenzo100 sharesdeed of 30-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- €86,985
- Turnover
- ≈ €280,000
- estimated
- Profit
- €17,216
- Equity
- €37,216
- Total assets
- €78,037
- Employees on 31-12-2025
- 1
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Founded in 2025Size: total assets €78,037lowers riskLiquidity: current ratio 1.91, cash €57,939Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 66% of them on solvency, 77% on liquidity and 81% on profitability.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| Average over the year, in full-time equivalents | 3.6 |
| On a permanent contract | 1 |
| Joined | 3 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €63,613 |
| Gross operating margin9900 | €86,985 |
| Operating profit (loss)9901 | €23,372 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €289 |
| Recurring financial charges65 | €289 |
| Profit (loss) for the period before taxes9903 | €23,084 |
| Income taxes67/77 | €5,868 |
| Profit (loss) for the period9904 | €17,216 |
| Profit (loss) for the period to be appropriated9905 | €17,216 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €78,037 | |
| Current assets29/58 | €78,037 | |
| Stocks and contracts in progress3 | €7,625 | |
| Stocks30/36 | €7,625 | |
| Amounts receivable within one year40/41 | €12,381 | |
| Trade receivables40 | €10,665 | |
| Other amounts receivable41 | €1,716 | |
| Cash at bank and in hand54/58 | €57,939 | |
| Deferred charges and accrued income490/1 | €92 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €78,037 | |
| Equity10/15 | €37,216 | |
| Contributions10/11 | €20,000 | |
| Profit (loss) carried forward14 | €17,216 | |
| Amounts payable17/49 | €40,821 | |
| Amounts payable within one year42/48 | €40,821 | |
| Trade debts44 | €19,569 | |
| Suppliers440/4 | €19,569 | |
| Taxes, remuneration and social security45 | €20,980 | |
| Taxes450/3 | €5,868 | |
| Remuneration and social security454/9 | €15,112 | |
| Other amounts payable47/48 | €272 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €17,216 |
| Operating cash flow (approximation) | €17,216 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 11,279 companies had the same profile as REFALIS has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of REFALIS itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 11,279 companies, not a prediction for REFALIS. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00278552 |
Board & ownership
Directors
Owners and capital
Shareholders
- RASCHIO Lorenzo 100 shares (100%) · €20,000 in cash
Capital transactions
- 30-06-2025 Incorporation · €20,000 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Les actions ne peuvent être librement cédées entre vifs et transmises pour cause de morts qu'entre actionnaires seulement., Tout actionnaire…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 30-06-2025 (in French)
Network & group
REFALIS shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of REFALIS. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
30-06
Gazette deed
IncorporationFounding capital of €20,000, 100 shares · Founder: RASCHIO Lorenzo · Appointment: RASCHIO Lorenzo (sole director)5 points ▸
- Founder, RASCHIO Lorenzo
- Incorporation, 26-06-2025
- 100 shares
- Director appointment, RASCHIO Lorenzo (sole director)
- Founding capital, €20,000, 100 shares
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20258 activities
- La production, l’achat, la vente en gros et au détail, la commercialisation, l’importation et l’exportation de produits brassicoles et toutes autres boissons, alcoolisées ou non, ainsi que de marchandises, denrées et produits alimentaires et la fourniture de tous les services s’y rapportant
- L’achat, la vente et la location de tout le matériel de cuisine ou de table et en général de tout matériel destiné au secteur horeca ainsi que la fourniture de tous les services s’y rapportant
- Toutes opérations se rapportant directement ou indirectement à l’exploitation de restaurants, tavernes, cafés, brasseries, cafétérias et bars, en ce compris la préparation et la fourniture de repas chauds et froids et le service traiteur
- L’exploitation de boulangeries, y compris la fabrication de pains, de petits-pains, de gâteaux frais, de tartes, de produits frais de pâtisserie, de biscuits, de pains d’épices.
- L’organisation, la création et la coordination de tous événements, y compris l’organisation de noces, de banquets, de cocktails, de buffets, de lunchs et de réceptions diverses, ainsi que l’organisation de salons professionnels et de congrès.
- L’exploitation (directe ou indirecte) de pizzéria ainsi que la livraison à domicile de tous produits liés à cette activité
- L’activité de traiteur et de préparation de plats à consommer sur place, à emporter ou à livrer à domicile.
- Toutes activités relatives au secteur horeca en général.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
2 sitesSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62803A1335/00C000 | Wallonia | 335 m² | 1 · 67 m² | 23.1 m · 7 |
| 62063B0785/00_000 | Wallonia | 84 m² | 1 · 74 m² | 19.7 m · 6 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.