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REFAT-ELECTRIC

Active
Private limited companyfounded 200026 yrs activeBaugnez-Route de Waimes 93, 4960 Malmedy, BelgiumKBO/BCE: BE 0470.365.866
Summary

REFAT-ELECTRIC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,903 and a net result of €8,822. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
REFAT-ELECTRICActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110NACE 40110
1 site
Size
€115,821total assets 2025
Equity
€40,903
Profit
€8,822
Turnover not published (abridged schema)
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 38 d early0 of 4 deeds read
Why 93+ Liquidity: current ratio 1.11, cash €72,920+ Founded in 2000+ Size: total assets €115,821+ Sector Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 43% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 60-40
equity 35.3% of total assets
Liquidity 66-34
short-term debt 64.7% · cash 63.0%
Profitability 57-33
return on assets 7.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (538 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -0.9% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +11.0% vs 03-2025 05-2025: 0.2%▲ +30.6% vs 04-2025highest value 06-2025: 0.2%▼ -0.6% vs 05-2025 07-2025: 0.1%▼ -59.9% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%▼ -54.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%● 0.0% vs 03-2026lowest value 05-2026: < 0.1%▲ +6.9% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: 0.1%▲ +110% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.11, cash €72,920 lowers the probability
  • Founded in 2000 lowers the probability for this profile
  • Size: total assets €115,821 lowers the probability for this profile
  • Sector Electricity, gas, steam and air conditioning supply (NACE 35) lowers the probability
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 9.82 in 2024; short-term debt: 64.7% and cash: 63% of total assets), and 64.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, micro). Better than this share of them on solvency 47%, liquidity 66%, profitability 47%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 1.11, cash €72,920
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2000
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €115,821
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Electricity, gas, steam and air conditioning supply (NACE 35)
In the bankruptcy model this factor lowers the probability.
KBO
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
50 d early
2023
43 d early
2022
81 d early
2021
33 d early
2020
45 d early
2019
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2018net €18,287 ▲34.2%

Key points

  • Caution: Equity fell in 2025from €99,019 to €40,903 ▼ 58.7% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 5 profitable years in a rowprofit 2025: €8,822 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€115,821
Profit
€8,822
Solvency
35.3%
Total assets▲ 8.7%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 23-06-2026Annual accounts filed
  2. 11-06-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
02-02-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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