REFIL
Annual accounts 2025
micro format, filed on 09-07-2026, 22 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €87,000 and €130,000.
Balance sheet
balance sheet total €2.9m on 31-12-2025in €m
in euro
Position in the sector
45.8%
Higher than 63% of 17,190 companies in 2025.
2.48
Higher than 72% of 16,487 companies in 2025.
-0.2%
Higher than 36% of 16,866 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
2.9m | 2.5m | 2.4m | 2.6m | 3.0m | 3.2m | 2.7m | 891,846 | 765,850 | 697,794 | 658,471 | 735,501 | 282,891 | 356,892 | 330,255 | 403,307 | 503,955 | 597,643 | 635,677 | 663,163 | |
21/28 |
2.1m | 1.6m | 1.9m | 2.0m | 1.9m | 1.8m | 1.1m | 174,102 | 216,609 | 387,783 | 445,292 | 91,164 | 165,119 | 239,478 | 220,063 | 232,951 | 330,532 | 432,187 | 545,136 | 600,371 | |
22/27 |
2.1m | 1.6m | 1.9m | 2.0m | 1.9m | 1.8m | 1.1m | 174,102 | 216,609 | 387,783 | 445,292 | 91,164 | 165,119 | 239,478 | 220,063 | 232,951 | 330,532 | 432,187 | 545,136 | 600,371 | |
22 |
1.9m | 1.4m | 1.6m | 1.7m | 1.7m | 1.7m | 99,414 | 122,252 | 214,334 | 364,863 | 393,860 | 10,385 | 41,883 | 44,140 | 41,463 | 49,899 | 80,355 | 105,360 | 138,868 | 154,846 | |
23 |
- | - | - | - | - | - | 0 | 651 | 1,303 | 1,954 | 5,521 | 3,887 | 11,087 | 54,110 | 101,554 | 143,548 | 221,079 | 284,762 | 351,235 | 422,632 | |
24 |
15,590 | 41,266 | 37,718 | 73,454 | 109,189 | 89,692 | 120,797 | 930 | 972 | 20,966 | 41,293 | 75,234 | 109,174 | 138,253 | 74,072 | 36,529 | 29,097 | 42,065 | 55,032 | 22,893 | |
26 |
206,193 | 206,193 | 206,193 | 206,193 | 106,815 | - | - | - | - | - | 4,618 | 1,658 | 2,975 | 2,975 | 2,975 | 2,975 | - | - | - | - | |
27 |
- | - | - | - | - | 0 | 892,443 | 50,269 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
774,126 | 935,027 | 530,130 | 661,681 | 1.1m | 1.4m | 1.6m | 717,744 | 549,242 | 310,011 | 213,179 | 644,337 | 117,772 | 117,414 | 110,192 | 170,357 | 173,424 | 165,456 | 90,541 | 62,792 | |
29 |
350,000 | 350,000 | 350,000 | 350,000 | 654,200 | 454,200 | 454,200 | 510,000 | 360,000 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
350,000 | 350,000 | 350,000 | 350,000 | 654,200 | 454,200 | 454,200 | 510,000 | 360,000 | - | - | - | - | - | - | - | - | - | - | - | |
3 |
53,934 | 53,934 | 53,934 | 212,364 | 340,353 | 738,885 | 960,056 | 55,699 | 55,164 | - | - | 547,161 | - | - | - | - | - | - | - | - | |
30/36 |
53,934 | 53,934 | 53,934 | 212,364 | 340,353 | 738,885 | 960,056 | 55,699 | 55,164 | - | - | 547,161 | - | - | - | - | - | - | - | - | |
40/41 |
277,480 | 502,452 | 103,868 | 53,146 | 30,708 | 74,648 | 14 | 77,348 | 72,988 | 208,261 | 122,384 | 85,705 | 94,456 | 88,934 | 105,309 | 167,377 | 171,221 | 163,253 | 88,339 | 60,484 | |
40 |
66,113 | 9,565 | 92,920 | 11,759 | 17,367 | 34,830 | 0 | 3,300 | 37,499 | 96,800 | 69,510 | 47,000 | 53,343 | 57,275 | 82,564 | 145,195 | 148,471 | 142,771 | 88,339 | 60,484 | |
41 |
211,367 | 492,887 | 10,948 | 41,387 | 13,341 | 39,818 | 14 | 74,048 | 35,489 | 111,461 | 52,874 | 38,705 | 41,114 | 31,659 | 22,745 | 22,182 | 22,750 | 20,483 | 0 | - | |
54/58 |
79,291 | 13,700 | 8,822 | 30,139 | 28,363 | 129,321 | 163,555 | 24,690 | 1,244 | 10,938 | - | 1,043 | 2,143 | 10,167 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,308 | |
490/1 |
13,422 | 14,940 | 13,507 | 16,032 | 25,689 | 23,329 | 27,223 | 50,006 | 59,846 | 90,812 | 90,795 | 10,428 | 21,173 | 18,314 | 2,680 | 777 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
2.9m | 2.5m | 2.4m | 2.6m | 3.0m | 3.2m | 2.7m | 891,846 | 765,850 | 697,794 | 658,471 | 735,501 | 282,891 | 356,892 | 330,255 | 403,307 | 503,955 | 597,643 | 635,677 | 663,163 | |
10/15 |
1.3m | 1.3m | 1.1m | 1.0m | 1.1m | 919,979 | 66,197 | 196,800 | 139,825 | 67,300 | 211,926 | 58,435 | 109,641 | 135,434 | 129,231 | 141,550 | 193,226 | 221,673 | 217,604 | 206,769 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
10 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 0 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
11 |
- | - | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1.3m | 1.3m | 1.1m | 1.0m | 1.0m | 969,979 | 860,049 | 767,472 | 677,377 | 447,579 | 389,917 | 47,141 | 47,141 | 47,141 | 47,141 | 47,141 | 47,141 | 47,141 | 47,141 | 47,141 | |
130 |
- | - | - | - | - | - | 0 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
132 |
583,813 | 605,890 | 738,328 | 764,286 | 790,243 | 816,200 | 860,049 | 739,081 | 648,986 | 419,188 | 361,526 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
133 |
683,368 | 666,151 | 342,882 | 235,837 | 235,837 | 153,779 | 0 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | 3,391 | |
14 |
- | 0 | -31,782 | -31,782 | 0 | -100,000 | - | -820,672 | -787,552 | -630,279 | -427,990 | -238,705 | -187,500 | -161,707 | -167,910 | -155,591 | -103,915 | -75,468 | -79,537 | -90,372 | |
16 |
194,604 | 201,963 | 246,109 | 254,762 | 263,414 | 272,067 | 277,657 | 361,725 | 324,523 | 206,195 | 176,503 | - | - | - | - | - | - | - | - | - | |
168 |
194,604 | 201,963 | 246,109 | 254,762 | 263,414 | 272,067 | 277,657 | 361,725 | 324,523 | 206,195 | 176,503 | - | - | - | - | - | - | - | - | - | |
17/49 |
1.4m | 1.0m | 1.1m | 1.4m | 1.7m | 2.0m | 2.4m | 333,321 | 301,502 | 424,299 | 270,042 | 677,066 | 173,250 | 221,458 | 201,023 | 261,757 | 310,729 | 375,970 | 418,073 | 456,394 | |
17 |
1.1m | 733,445 | 806,165 | 891,439 | 979,971 | 1.1m | 1.6m | - | - | - | 11,346 | 30,426 | 50,751 | 35,458 | 39,002 | 13,201 | 48,098 | 89,947 | 182,197 | 193,335 | |
170/4 |
1.1m | 733,445 | 806,165 | 891,439 | 979,971 | 1.1m | 1.6m | - | - | - | 11,346 | 30,426 | 50,751 | 35,458 | 39,002 | 13,201 | 48,098 | 89,947 | 182,197 | 193,335 | |
42/48 |
312,246 | 286,023 | 258,296 | 464,374 | 704,525 | 831,794 | 731,046 | 332,332 | 301,502 | 424,299 | 258,696 | 646,639 | 122,499 | 185,612 | 160,773 | 245,247 | 262,631 | 286,023 | 235,876 | 262,858 | |
42 |
97,008 | 78,726 | 91,179 | 94,341 | 70,024 | 17,879 | 17,721 | - | 883 | 11,346 | 19,080 | 20,324 | 25,981 | 9,744 | 22,652 | 34,897 | 44,516 | 64,623 | 89,141 | 85,395 | |
43 |
75,000 | 25,000 | 25,000 | 150,000 | 25,000 | 25,000 | 25,000 | 75,000 | 75,000 | 75,000 | 68,804 | 545,588 | 35,790 | - | 37,129 | 34,619 | 24,888 | 34,014 | - | 28,725 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 8,804 | 539,388 | 35,790 | - | 37,129 | 34,619 | 24,888 | 34,014 | - | 28,725 | |
439 |
75,000 | 25,000 | 25,000 | 150,000 | 25,000 | 25,000 | 25,000 | 75,000 | 75,000 | 75,000 | 60,000 | 6,200 | - | - | - | - | - | - | - | - | |
44 |
19,628 | 24,878 | 41,374 | 14,080 | 78,998 | 196,338 | 350,197 | 55,977 | 91,218 | 11,614 | 53,080 | 14,032 | 3,802 | 105,997 | 5,842 | 5,893 | 1,293 | 22 | 2,968 | 3,011 | |
440/4 |
19,628 | 24,878 | 41,374 | 14,080 | 78,998 | 196,338 | 350,197 | 55,977 | 91,218 | 11,614 | 53,080 | 14,032 | 3,802 | 105,997 | 5,842 | 5,893 | 1,293 | 22 | 2,968 | 3,011 | |
46 |
0 | 2,134 | 1,934 | 1,934 | 1,934 | - | - | - | - | 198,509 | - | - | - | - | - | 81 | - | - | - | - | |
45 |
120,610 | 155,286 | 49,960 | 92,214 | 113,354 | 133,996 | 24,457 | 12,282 | 2,430 | 15,859 | 12,388 | 902 | 1,134 | 1,134 | 36 | 290 | - | 254 | 386 | 343 | |
450/3 |
120,610 | 155,286 | 49,960 | 89,364 | 113,354 | 133,996 | 24,457 | 12,282 | 2,430 | 15,859 | 12,388 | 902 | 1,134 | 1,134 | 36 | 290 | - | 254 | 386 | 343 | |
454/9 |
- | - | 0 | 2,850 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
- | 0 | 48,850 | 111,806 | 415,216 | 458,582 | 313,671 | 189,073 | 131,972 | 111,972 | 105,344 | 65,793 | 55,793 | 68,737 | 95,114 | 169,467 | 191,934 | 187,110 | 143,380 | 145,384 | |
492/3 |
0 | 965 | 1,115 | 965 | 5,041 | 1,875 | 2,873 | 989 | - | - | - | - | - | 388 | 1,248 | 3,309 | - | - | - | 201 | |
| Income statement | |||||||||||||||||||||
76A |
26,423 | 310,392 | 685 | - | - | 173,196 | - | 185,991 | 348,126 | 87,354 | 529,279 | 34,423 | - | - | - | - | - | - | - | 20,714 | |
9900 |
77,968 | 371,435 | 198,912 | 46,609 | 281,421 | 1.1m | -129,119 | 86,171 | 214,552 | -149,355 | -138,099 | -19,616 | 66,945 | 78,473 | 74,915 | 77,641 | 91,097 | 142,289 | 156,740 | 147,898 | |
630 |
85,795 | 68,318 | 92,156 | 100,948 | 95,237 | 74,033 | 61,112 | 4,901 | 21,887 | 25,136 | 37,079 | 38,147 | 79,221 | 60,325 | 71,232 | 114,145 | 101,655 | 121,174 | 121,161 | 129,384 | |
640/8 |
7,677 | 6,136 | 4,757 | 6,660 | 10,976 | 8,404 | 5,556 | 4,937 | 3,615 | 6,031 | 2,493 | 6,890 | 8,371 | 4,876 | 10,934 | 6,915 | 5,220 | 5,190 | 7,920 | 8,665 | |
66A |
- | - | - | 0 | 633 | - | - | - | - | 7,977 | 1,634 | - | - | 2,397 | - | 172 | 612 | - | 3,166 | - | |
9901 |
-15,504 | 296,981 | 101,998 | -61,000 | 174,574 | 1.0m | -195,787 | 76,333 | 189,051 | -180,522 | -177,670 | -64,653 | -20,647 | 13,273 | -7,251 | -43,419 | -15,777 | 15,925 | 27,659 | 9,849 | |
75/76B |
31,292 | 66,051 | 38,295 | 16,611 | 78,401 | 192,810 | 122,859 | 24,611 | 11,531 | 2,810 | 1,143 | 1,115 | 968 | 692 | 1,286 | 777 | 1,444 | 788 | - | 80 | |
75 |
31,292 | 25,197 | 11,251 | 11,250 | 25,366 | 19,614 | 25,609 | 24,611 | 11,531 | 2,810 | 1,143 | 1,115 | 968 | 692 | 1,286 | 777 | 1,444 | 788 | - | 80 | |
76B |
0 | 40,854 | 27,044 | 5,361 | 53,035 | 173,196 | 97,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
23,500 | 19,199 | 22,443 | 20,991 | 24,738 | 41,545 | 19,944 | 4,615 | 7,299 | 15,504 | 19,964 | 21,188 | 5,042 | 4,951 | 6,354 | 8,863 | 13,501 | 12,644 | 13,658 | 15,175 | |
65 |
23,500 | 19,199 | 22,443 | 20,991 | 24,738 | 41,545 | 19,944 | 4,615 | 7,299 | 15,504 | 19,964 | 21,188 | 5,042 | 4,951 | 6,354 | 8,863 | 13,501 | 12,644 | 13,658 | 15,175 | |
9903 |
-7,711 | 343,832 | 117,851 | -65,380 | 228,237 | 1.2m | -92,872 | 96,329 | 193,283 | -113,838 | 331,154 | -50,304 | -24,722 | 6,619 | -12,319 | -51,676 | -28,447 | 4,069 | 10,835 | 15,467 | |
780 |
7,359 | 44,146 | 8,652 | 8,652 | 8,652 | - | 7,432 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
680 |
- | - | - | - | 0 | - | 17,382 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
4,509 | 165,365 | 45,415 | 1,011 | 80,789 | 18,498 | 0 | 2,151 | 2,430 | 1,096 | 1,160 | 902 | 1,071 | 416 | - | - | - | - | - | -47 | |
9904 |
-4,861 | 222,613 | 81,088 | -57,739 | 156,101 | 1.2m | -102,822 | 56,975 | 72,525 | -144,626 | 153,491 | -51,206 | -25,793 | 6,202 | -12,319 | -51,676 | -28,447 | 4,069 | 10,835 | 15,515 | |
789 |
22,077 | 132,438 | 25,957 | 25,957 | 25,957 | 43,849 | 14,433 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 41,381 | 90,094 | 229,798 | 57,663 | 342,776 | - | - | - | - | - | - | - | - | - | |
9905 |
17,216 | 355,051 | 107,045 | -31,782 | 182,058 | 1.2m | - | -33,120 | -157,273 | -202,289 | -189,285 | -51,206 | -25,793 | 6,202 | -12,319 | -51,676 | -28,447 | 4,069 | 10,835 | 15,515 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
17,216 | 323,269 | 75,263 | -31,782 | 82,058 | 353,779 | -950,443 | -820,672 | -787,552 | -630,279 | -427,990 | -238,705 | -187,500 | -161,707 | -167,910 | -155,591 | -103,915 | -75,468 | -79,537 | -90,372 | |
14P |
0 | -31,782 | -31,782 | 0 | -100,000 | - | -820,672 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 0 | 28,391 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
17,216 | 323,269 | 107,045 | 0 | 82,058 | 153,779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
17,216 | 323,269 | 107,045 | 0 | 82,058 | 153,779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 0 | 300,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | 0 | 300,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 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 2025 at the NBB, filed on 09-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00280006 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00367414 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00328053 | |
| 31-12-2022 | micro format | 11-09-2023 | 2023-00444768 | |
| 31-12-2021 | abbreviated format | 17-07-2022 | 2022-20197489 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-65900556 | |
| 31-12-2019 | abbreviated format | 15-09-2020 | 2020-53300553 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59500576 | |
| 31-12-2017 | micro format | 25-04-2018 | 2018-10700173 | |
| 31-12-2016 | abbreviated format | 23-03-2017 | 2017-07200233 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64500363 | |
| 31-12-2014 | abbreviated format | 12-05-2015 | 2015-11900028 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-62000478 | |
| 31-12-2012 | abbreviated format | 26-03-2013 | 2013-07500492 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32200544 | |
| 31-12-2010 | abbreviated format | 30-05-2011 | 2011-13600263 | |
| 31-12-2009 | abbreviated format | 18-06-2010 | 2010-19300212 | |
| 31-12-2008 | abbreviated format | 14-07-2009 | 2009-42600322 | |
| 31-12-2007 | abbreviated format | 06-06-2008 | 2008-19800111 | |
| 31-12-2006 | abbreviated format | 28-08-2007 | 2007-63300259 | |
| 31-12-2005 | abbreviated format | 03-07-2006 | 2006-39302138 | |
| 31-12-2004 | abbreviated format | 15-06-2005 | 2005-26501337 | |
| 31-12-2003 | abbreviated format | 29-06-2004 | 2004-35203567 | |
| 31-12-2002 | abbreviated format | 26-06-2003 | 2003-31700743 | |
| 31-12-2001 | abbreviated format | 15-07-2002 | 2002-38100917 | |
| 31-12-2000 | abbreviated format | 07-08-2001 | 2001-48801274 | |
| 31-12-1999 | abbreviated format | 28-07-2000 | 2000-48300064 | |
| 31-12-1998 | abbreviated format | 30-06-1999 | 1999-27802282 | |
| 31-12-1997 | abbreviated format | 09-06-1998 | 1998-15200456 | |
| 31-12-1996 | abbreviated format | 04-06-1997 | 1997-12003759 | |
| 31-12-1995 | abbreviated format | 07-06-1996 | 1996-14003363 | |
| 31-12-1994 | abbreviated format | 07-06-1995 | 1995-12503911 | |
| 31-12-1993 | abbreviated format | 02-06-1994 | 1994-11403280 | |
| 31-12-1992 | abbreviated format | 23-06-1993 | 1993-16100585 | |
| 31-12-1991 | abbreviated format | 09-11-1992 | 1992-37501044 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 70,291 | 365,299 | 194,154 | 39,949 | 269,812 | 1.1m | -134,675 | 81,234 | 210,937 | -155,385 | -140,591 | -26,506 | 58,573 | 73,598 | 63,981 | 70,727 | 85,877 | 137,099 | 148,820 | 139,233 | ||
| 80,934 | 290,932 | 173,244 | 43,209 | 251,338 | 1.2m | -41,710 | 61,876 | 94,412 | -119,490 | 190,569 | -13,059 | 53,428 | 66,527 | 58,913 | 62,469 | 73,208 | 125,243 | 131,996 | 144,898 | ||
| 602,291 | 23,000 | 4,941 | 119,428 | 321,255 | 2.4m | 999,664 | 53,235 | -149,288 | 5,016 | 6,957 | 4,859 | 4,862 | 107,137 | 58,344 | 45,661 | 0 | 8,225 | 88,782 | 8,500 | ||
| 65,590 | 4,878 | -21,317 | 1,777 | -100,958 | -34,234 | 138,865 | 23,446 | -9,694 | - | - | -1,100 | -8,024 | 7,964 | 0 | 0 | 0 | 0 | -105 | - | ||
| 461,880 | 649,004 | 271,834 | 197,307 | 374,787 | 588,588 | 874,002 | 385,412 | 247,739 | -114,289 | -45,518 | -2,302 | -4,727 | -68,197 | -50,581 | -74,890 | -89,207 | -120,566 | -145,334 | -200,065 | ||
| 45.8% | 52.0% | 45.6% | 38.7% | 35.5% | 29.0% | 2.4% | 22.1% | 18.3% | 9.6% | 32.2% | 7.9% | 38.8% | 37.9% | 39.1% | 35.1% | 38.3% | 37.1% | 34.2% | 31.2% | ||
| 2.48 | 3.27 | 2.05 | 1.42 | 1.53 | 1.71 | 2.20 | 2.16 | 1.82 | 0.73 | 0.82 | 1.00 | 0.96 | 0.63 | 0.69 | 0.69 | 0.66 | 0.58 | 0.38 | 0.24 | ||
| 2.31 | 3.08 | 1.84 | 0.97 | 1.05 | 0.82 | 0.88 | 1.99 | 1.64 | 0.73 | 0.82 | 0.15 | 0.96 | 0.63 | 0.69 | 0.69 | 0.66 | 0.58 | 0.38 | 0.24 | ||
| 1.04 | 0.77 | 0.97 | 1.33 | 1.57 | 2.16 | 35.86 | 1.69 | 2.16 | 6.30 | 1.27 | 11.59 | 1.58 | 1.64 | 1.56 | 1.85 | 1.61 | 1.70 | 1.92 | 2.21 | ||
| -0.4% | 16.8% | 7.4% | -5.7% | 14.5% | 125.4% | -155.3% | 29.0% | 51.9% | -214.9% | 72.4% | -87.6% | -23.5% | 4.6% | -9.5% | -36.5% | -14.7% | 1.8% | 5.0% | 7.5% | ||
| -0.2% | 8.7% | 3.4% | -2.2% | 5.2% | 36.3% | -3.8% | 6.4% | 9.5% | -20.7% | 23.3% | -7.0% | -9.1% | 1.7% | -3.7% | -12.8% | -5.6% | 0.7% | 1.7% | 2.3% | ||
| 2.99 | 19.03 | 8.65 | 1.90 | 10.91 | - | -6.75 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €1.0m |
| Mortgages, amount registered | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m |
| Carrying value of the mortgaged assets | €1.6m | €1.6m | €1.9m | €2.1m | €2.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €602,291 | €23,000 | €4,941 | €119,428 | €321,255 |
| €85,795 | €68,318 | €92,156 | €100,948 | €95,237 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on REFIL
The operating result for 2025 is a loss of €15,504, after a profit of €296,981 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 40.1% to 47.5%. Equity is lower and debt is higher.
- 2024 Net result +175% on 2023. The 2024 profit included a one-off income of €351,246.