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REFIL

Active Private limited companyfounded 1990active for 36 yearsStoepestraat 26, 9960 AssenedeKBO/BCE: BE 0441.364.648 #3 company by total assets in Assenede, Real estate sector
REFIL
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Overview

Lifetime

20 annual accounts with figures on one time axis, 35 filings since 1991
peak €1.1m (2020)
€77,968▼ 79.0%
lowest -€144,626 (2016)
-€4,861▼ €227,474
peak €1.3m (2024)
€1.3m▼ 0.4%
€1.4m▲ 34.0%
Board3 names since 2015
3 directorsAARDAPPELEN LIPPENS and 2 others
Documentsfilings and deeds
09-07-202622 days before the deadline
2025micro format
Gross margin from €371,435 to €77,968Loss of €4,861Debts from €1.0m to €1.4mInvestments €581,214Cash from €13,700 to €79,291

Key points

from the 2025 annual accounts

Result

-€4,861 -€4,861
€223,0002024-€4,8602025

From profit to loss in 2025, after a profit of €222,613 in 2024.

Investments

€602,291 7.0 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Land and buildings stand 38.3% higher than in 2024.

Filings

35 annual accounts since 1991
AprilJune31 JulyOctober200020102020

Four of the last ten came late. The 2019 accounts came latest: 46 days after the end of the period.

Checked score

94
Excellent
Financially stronger than 55% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).

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

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

71-6equity 45.8% of total assets
53+3short-term debt 10.8% · cash 2.8%
43-37return on assets -0.2%

Score breakdown

raises risk
Liquidity: current ratio 2.48, cash €79,291
Loss of €4,861 (financial year 2025)
lowers risk
Size: total assets €2.9m
Figures for financial year 2025 (filed on 09-07-2026)
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 68, small). It does better than 64% of them on solvency, 74% on liquidity, 43% on profitability and 41% on growth.

The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as REFIL has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of REFIL itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for REFIL. 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.

Credit verdict

Credit of up to €120,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.48 (3.27 in 2024), above the usual 1.5. Short-term debt is 10.8% and cash 2.8% of total assets. However, 54.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 09-07-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.48, cash €79,291
NBB · annual accounts
raises risk · Loss of €4,861 (financial year 2025)
NBB · annual accounts
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
on the day
2023
on the day
2022
42 days late
2021
14 days early
2020
31 days late
2019
46 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AL
AARDAPPELEN LIPPENS
Director, Filip Lippens, since 01-04-2022
BQ
Barbara Quivreux
Director, since 01-04-2022
FL
Filip Lippens
Director, since 01-04-2022
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0441364648
2 directors appointed, 1 resignation Resignation: Aardappelen Lippens BV · Permanent representative: Filip Lippens · Appointments: Filip Lippens and Barbara Quivreux · Board meeting of 01-04-2022 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Assenede
1 manager resigning, 1 director reappointed Capital from €250,000 to €171,799.92 · Capital from €171,799.92 to €50,000 · Resignation: AARDAPPELEN LIPPENS (manager) · General meeting of 30-09-2019 · Gazette deed
All 50 events

Comparable companies

same main activity, similar in size and age
Company
REFIL Assenede €2.9m €77,968 45.8% -
MALUMA Wortegem-Petegem €3.3m €78,046 99.2% -
LUDO TRADING Lievegem €2.5m €90,154 -18.3% -
Vrije Sociale Werken - 1 Asse €3.0m €84,332 89.3% -
WARMTE-TECHNIEK BEHEER Beringen €2.7m €88,667 64.2% 0
WOLIVE Grimbergen €3.2m €67,689 -5.7% -
IMMOBILIERE DE LA TUILERIE Liège €2.5m €71,784 20.9% -

These companies have the same main activity as REFIL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.5m and €3.3m, founded between 1988 and 1993.

Official details

Source: KBO
Status
Active since 31-08-1990Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
Establishment unit
2.049.718.4809960 Assenede, since 13-09-1990
Financial year end
31 December
Peppol
Reachable since 24-11-2025
Company details

Annual accounts 2025

€77,968▼ 79.0%
≈ €100,000estimated
€4,861
€1.3m▼ 0.4%
€2.9m▲ 13.1%
Filing
Filed on 09-07-2026, 22 days before the end of the filing period
Financials

Insights on REFIL

REFIL files the micro format. That format states no turnover. The gross margin fell from €147,898 in 2006 to €77,968 in 2025.

The balance sheet grew most from 2018 to 2020 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 09-07-2026, 22 days before the deadline
€77,968
▼ 79.0%
-€15,504
▼ €312,484
-€4,861
▼ €227,474
€461,880
▼ 28.8%
45.8%
▼ 6.2 percentage points
2.48
▼ 0.79

Turnover 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.

In the rankings #3 company by total assets in Assenede, Real estate sector#3 company by equity in Assenede, Real estate sector#4 oldest company in Assenede, Real estate sector

Balance sheet

balance sheet total €2.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with 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.

REFIL Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 2.9m2.5m2.4m2.6m3.0m3.2m2.7m891,846765,850697,794658,471735,501282,891356,892330,255403,307503,955597,643635,677663,163
21/28 2.1m1.6m1.9m2.0m1.9m1.8m1.1m174,102216,609387,783445,29291,164165,119239,478220,063232,951330,532432,187545,136600,371
22/27 2.1m1.6m1.9m2.0m1.9m1.8m1.1m174,102216,609387,783445,29291,164165,119239,478220,063232,951330,532432,187545,136600,371
22 1.9m1.4m1.6m1.7m1.7m1.7m99,414122,252214,334364,863393,86010,38541,88344,14041,46349,89980,355105,360138,868154,846
23 ------06511,3031,9545,5213,88711,08754,110101,554143,548221,079284,762351,235422,632
24 15,59041,26637,71873,454109,18989,692120,79793097220,96641,29375,234109,174138,25374,07236,52929,09742,06555,03222,893
26 206,193206,193206,193206,193106,815-----4,6181,6582,9752,9752,9752,975----
27 -----0892,44350,269------------
29/58 774,126935,027530,130661,6811.1m1.4m1.6m717,744549,242310,011213,179644,337117,772117,414110,192170,357173,424165,45690,54162,792
29 350,000350,000350,000350,000654,200454,200454,200510,000360,000-----------
291 350,000350,000350,000350,000654,200454,200454,200510,000360,000-----------
3 53,93453,93453,934212,364340,353738,885960,05655,69955,164--547,161--------
30/36 53,93453,93453,934212,364340,353738,885960,05655,69955,164--547,161--------
40/41 277,480502,452103,86853,14630,70874,6481477,34872,988208,261122,38485,70594,45688,934105,309167,377171,221163,25388,33960,484
40 66,1139,56592,92011,75917,36734,83003,30037,49996,80069,51047,00053,34357,27582,564145,195148,471142,77188,33960,484
41 211,367492,88710,94841,38713,34139,8181474,04835,489111,46152,87438,70541,11431,65922,74522,18222,75020,4830-
54/58 79,29113,7008,82230,13928,363129,321163,55524,6901,24410,938-1,0432,14310,1672,2032,2032,2032,2032,2032,308
490/1 13,42214,94013,50716,03225,68923,32927,22350,00659,84690,81290,79510,42821,17318,3142,680777----
Balance sheet: equity and liabilities
10/49 2.9m2.5m2.4m2.6m3.0m3.2m2.7m891,846765,850697,794658,471735,501282,891356,892330,255403,307503,955597,643635,677663,163
10/15 1.3m1.3m1.1m1.0m1.1m919,97966,197196,800139,82567,300211,92658,435109,641135,434129,231141,550193,226221,673217,604206,769
10/11 50,00050,00050,00050,00050,00050,000-250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000
10 ------0-------------
100 ------0250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000250,000
11 ------50,000-------------
13 1.3m1.3m1.1m1.0m1.0m969,979860,049767,472677,377447,579389,91747,14147,14147,14147,14147,14147,14147,14147,14147,141
130 ------025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,000
132 583,813605,890738,328764,286790,243816,200860,049739,081648,986419,188361,52618,75018,75018,75018,75018,75018,75018,75018,75018,750
133 683,368666,151342,882235,837235,837153,77903,3913,3913,3913,3913,3913,3913,3913,3913,3913,3913,3913,3913,391
14 -0-31,782-31,7820-100,000--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
16 194,604201,963246,109254,762263,414272,067277,657361,725324,523206,195176,503---------
168 194,604201,963246,109254,762263,414272,067277,657361,725324,523206,195176,503---------
17/49 1.4m1.0m1.1m1.4m1.7m2.0m2.4m333,321301,502424,299270,042677,066173,250221,458201,023261,757310,729375,970418,073456,394
17 1.1m733,445806,165891,439979,9711.1m1.6m---11,34630,42650,75135,45839,00213,20148,09889,947182,197193,335
170/4 1.1m733,445806,165891,439979,9711.1m1.6m---11,34630,42650,75135,45839,00213,20148,09889,947182,197193,335
42/48 312,246286,023258,296464,374704,525831,794731,046332,332301,502424,299258,696646,639122,499185,612160,773245,247262,631286,023235,876262,858
42 97,00878,72691,17994,34170,02417,87917,721-88311,34619,08020,32425,9819,74422,65234,89744,51664,62389,14185,395
43 75,00025,00025,000150,00025,00025,00025,00075,00075,00075,00068,804545,58835,790-37,12934,61924,88834,014-28,725
430/8 ----------8,804539,38835,790-37,12934,61924,88834,014-28,725
439 75,00025,00025,000150,00025,00025,00025,00075,00075,00075,00060,0006,200--------
44 19,62824,87841,37414,08078,998196,338350,19755,97791,21811,61453,08014,0323,802105,9975,8425,8931,293222,9683,011
440/4 19,62824,87841,37414,08078,998196,338350,19755,97791,21811,61453,08014,0323,802105,9975,8425,8931,293222,9683,011
46 02,1341,9341,9341,934----198,509-----81----
45 120,610155,28649,96092,214113,354133,99624,45712,2822,43015,85912,3889021,1341,13436290-254386343
450/3 120,610155,28649,96089,364113,354133,99624,45712,2822,43015,85912,3889021,1341,13436290-254386343
454/9 --02,850----------------
47/48 -048,850111,806415,216458,582313,671189,073131,972111,972105,34465,79355,79368,73795,114169,467191,934187,110143,380145,384
492/3 09651,1159655,0411,8752,873989-----3881,2483,309---201
Income statement
76A 26,423310,392685--173,196-185,991348,12687,354529,27934,423-------20,714
9900 77,968371,435198,91246,609281,4211.1m-129,11986,171214,552-149,355-138,099-19,61666,94578,47374,91577,64191,097142,289156,740147,898
630 85,79568,31892,156100,94895,23774,03361,1124,90121,88725,13637,07938,14779,22160,32571,232114,145101,655121,174121,161129,384
640/8 7,6776,1364,7576,66010,9768,4045,5564,9373,6156,0312,4936,8908,3714,87610,9346,9155,2205,1907,9208,665
66A ---0633----7,9771,634--2,397-172612-3,166-
9901 -15,504296,981101,998-61,000174,5741.0m-195,78776,333189,051-180,522-177,670-64,653-20,64713,273-7,251-43,419-15,77715,92527,6599,849
75/76B 31,29266,05138,29516,61178,401192,810122,85924,61111,5312,8101,1431,1159686921,2867771,444788-80
75 31,29225,19711,25111,25025,36619,61425,60924,61111,5312,8101,1431,1159686921,2867771,444788-80
76B 040,85427,0445,36153,035173,19697,250-------------
65/66B 23,50019,19922,44320,99124,73841,54519,9444,6157,29915,50419,96421,1885,0424,9516,3548,86313,50112,64413,65815,175
65 23,50019,19922,44320,99124,73841,54519,9444,6157,29915,50419,96421,1885,0424,9516,3548,86313,50112,64413,65815,175
9903 -7,711343,832117,851-65,380228,2371.2m-92,87296,329193,283-113,838331,154-50,304-24,7226,619-12,319-51,676-28,4474,06910,83515,467
780 7,35944,1468,6528,6528,652-7,432-------------
680 ----0-17,382-------------
67/77 4,509165,36545,4151,01180,78918,49802,1512,4301,0961,1609021,071416------47
9904 -4,861222,61381,088-57,739156,1011.2m-102,82256,97572,525-144,626153,491-51,206-25,7936,202-12,319-51,676-28,4474,06910,83515,515
789 22,077132,43825,95725,95725,95743,84914,433-------------
689 -----041,38190,094229,79857,663342,776---------
9905 17,216355,051107,045-31,782182,0581.2m--33,120-157,273-202,289-189,285-51,206-25,7936,202-12,319-51,676-28,4474,06910,83515,515
Appropriation of the result
9906 17,216323,26975,263-31,78282,058353,779-950,443-820,672-787,552-630,279-427,990-238,705-187,500-161,707-167,910-155,591-103,915-75,468-79,537-90,372
14P 0-31,782-31,7820-100,000--820,672-------------
791/2 -----028,391-------------
691/2 17,216323,269107,045082,058153,779--------------
6921 17,216323,269107,045082,058153,779--------------
694/7 ----0300,000--------------
695 ----0300,000--------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2024 micro format 31-07-2025 2025-00367414 PDF
31-12-2023 micro format 31-07-2024 2024-00328053 PDF
31-12-2022 micro format 11-09-2023 2023-00444768 PDF
31-12-2021 abbreviated format 17-07-2022 2022-20197489 PDF
31-12-2020 abbreviated format 31-08-2021 2021-65900556 PDF
31-12-2019 abbreviated format 15-09-2020 2020-53300553 PDF
31-12-2018 abbreviated format 30-08-2019 2019-59500576 PDF
31-12-2017 micro format 25-04-2018 2018-10700173 PDF
31-12-2016 abbreviated format 23-03-2017 2017-07200233 PDF
31-12-2015 abbreviated format 30-09-2016 2016-64500363 PDF
31-12-2014 abbreviated format 12-05-2015 2015-11900028 PDF
31-12-2013 abbreviated format 30-09-2014 2014-62000478 PDF
31-12-2012 abbreviated format 26-03-2013 2013-07500492 PDF
31-12-2011 abbreviated format 20-07-2012 2012-32200544 PDF
31-12-2010 abbreviated format 30-05-2011 2011-13600263 PDF
31-12-2009 abbreviated format 18-06-2010 2010-19300212 PDF
31-12-2008 abbreviated format 14-07-2009 2009-42600322 PDF
31-12-2007 abbreviated format 06-06-2008 2008-19800111 PDF
31-12-2006 abbreviated format 28-08-2007 2007-63300259 PDF
31-12-2005 abbreviated format 03-07-2006 2006-39302138 PDF
31-12-2004 abbreviated format 15-06-2005 2005-26501337 PDF
31-12-2003 abbreviated format 29-06-2004 2004-35203567 PDF
31-12-2002 abbreviated format 26-06-2003 2003-31700743 PDF
31-12-2001 abbreviated format 15-07-2002 2002-38100917 PDF
31-12-2000 abbreviated format 07-08-2001 2001-48801274 PDF
31-12-1999 abbreviated format 28-07-2000 2000-48300064 PDF
31-12-1998 abbreviated format 30-06-1999 1999-27802282 PDF
31-12-1997 abbreviated format 09-06-1998 1998-15200456 PDF
31-12-1996 abbreviated format 04-06-1997 1997-12003759 PDF
31-12-1995 abbreviated format 07-06-1996 1996-14003363 PDF
31-12-1994 abbreviated format 07-06-1995 1995-12503911 PDF
31-12-1993 abbreviated format 02-06-1994 1994-11403280 PDF
31-12-1992 abbreviated format 23-06-1993 1993-16100585 PDF
31-12-1991 abbreviated format 09-11-1992 1992-37501044 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
70,291365,299194,15439,949269,8121.1m-134,67581,234210,937-155,385-140,591-26,50658,57373,59863,98170,72785,877137,099148,820139,233
80,934290,932173,24443,209251,3381.2m-41,71061,87694,412-119,490190,569-13,05953,42866,52758,91362,46973,208125,243131,996144,898
602,29123,0004,941119,428321,2552.4m999,66453,235-149,2885,0166,9574,8594,862107,13758,34445,66108,22588,7828,500
65,5904,878-21,3171,777-100,958-34,234138,86523,446-9,694---1,100-8,0247,9640000-105-
461,880649,004271,834197,307374,787588,588874,002385,412247,739-114,289-45,518-2,302-4,727-68,197-50,581-74,890-89,207-120,566-145,334-200,065
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%
2.483.272.051.421.531.712.202.161.820.730.821.000.960.630.690.690.660.580.380.24
2.313.081.840.971.050.820.881.991.640.730.820.150.960.630.690.690.660.580.380.24
1.040.770.971.331.572.1635.861.692.166.301.2711.591.581.641.561.851.611.701.922.21
-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%
2.9919.038.651.9010.91--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
Item20252024202320222021
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
Item20252024202320222021
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.

Large changes and their cause
  • 2024 Net result +175% on 2023. The 2024 profit included a one-off income of €351,246.

Board & ownership

Board

3 directors, last change in 2022
AARDAPPELEN LIPPENS
Director (not named in the articles), permanent representative Filip Lippens
since 01-04-2022 term without a fixed end
earlier manager, until 16-10-2019
earlier director, until 27-06-2022
listed in the 2025 annual accounts, filed on 09-07-2026
Barbara Quivreux
Director
since 01-04-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 09-07-2026
Filip Lippens
Director
since 01-04-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 09-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 27-06-2022
Permanent representatives 1
Filip Lippens
Permanent representative, for AARDAPPELEN LIPPENS
in office according to the deed of 16-10-2019

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
AARDAPPELEN LIPPENS
Director (not named in the articles)
Barbara Quivreux
Director
Filip Lippens
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • AARDAPPELEN LIPPENS
    • Director (not named in the articles), from 01-01-2015 to 27-06-2022
    • Director (not named in the articles), since before 16-10-2019
    • Manager, until 16-10-2019
  • Barbara Quivreux
    • Director, since before 31-12-2021
  • Filip Lippens
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€50,000
Source
2025 annual accounts

Articles of association

deed of 16-10-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Algemene kosten los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of May at 10:00

Capital transactions

Capital over time
  1. 16-10-2019 Capital reduction of €78,200.08 · to €171,799.92
  2. 16-10-2019 Capital reduction of €121,799.92 · to €50,000 · repaid to the shareholders
  3. 16-10-2019 Converted to unavailable equity

Network & group

No group

REFIL has no parent and no holdings in its annual accounts.

At the same address

Stoepestraat 26, 9960 Assenede · 3 other companies
Lippens, Flora (sole trader)
establishment since 12-11-2024
 founded in 2024
1015.935.438
Quivreux, Barbara (sole trader)
establishment since 01-10-2016
 founded in 2016
0662.861.673
REFIL BEHEER
registered office since 08-06-2009
 founded in 2009
0740.822.553

Earlier ties

AARDAPPELEN LIPPENS
via Filip Lippens, no longer at AARDAPPELEN LIPPENS · Permanent representative · deed of 27-06-2022
No longer active

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

50 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 22 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0441364648
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €81,088 The net result is €81,088, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · 42 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 14 days before the deadline
2 directors appointed, 1 resignationResignation: Aardappelen Lippens BV · Permanent representative: Filip Lippens · Appointments: Filip Lippens and Barbara Quivreux · Board meeting of 01-04-20229 points ▸

Open the deed in the Belgian Official Gazette

2021
Equity above €1m equity €1.1m ▲17% After 2 profitable years in a row, equity reaches €1.1m.
Annual accounts 2020 filed PDFabbreviated format · 31 days late
2020
Back to profit net €1.2m The net result is €1.2m, after one loss-making year.
Equity above €500,000 equity €919,979 ▲1,290% Equity rises from €66,197 to €919,979.
Annual accounts 2019 filed PDFabbreviated format · 46 days late
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Assenede
2019
1 manager resigning, 1 director reappointedCapital from €250,000 to €171,799.92 · Capital from €171,799.92 to €50,000 · Resignation: AARDAPPELEN LIPPENS (manager) · General meeting of 30-09-201910 points ▸
  • General meeting, 30-09-2019
  • Capital decrease, €78,200.08
  • Capital decrease, €121,799.92
  • Amendment of the articles, article 5
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director resignation, AARDAPPELEN LIPPENS (manager)
  • Director reappointment, AARDAPPELEN LIPPENS (director (not named in the articles))
  • Permanent representative, Filip Lippens
  • Director discharge, AARDAPPELEN LIPPENS
  • Registered office clause, Stoepestraat 26, 9960 Assenede
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFabbreviated format · 30 days late
2018
Annual accounts 2017 filed PDFmicro format · 97 days before the deadline
2017
Back to profit net €72,525 The net result is €72,525, after one loss-making year.
Liquidity more than doubled current ratio 1.82 The current ratio rises from 0.73 to 1.82. Short-term debt falls from €424,299 to €301,502.
Annual accounts 2016 filed PDFabbreviated format · 130 days before the deadline
2016
Weakest financial year net -€144,626 The net result drops to -€144,626, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2015 filed PDFabbreviated format · 61 days late
2015
Back to profit net €153,491 The net result is €153,491, after 2 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 80 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 61 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 127 days before the deadline
2012
Back to profit net €6,202 The net result is €6,202, after 3 loss-making years.
Annual accounts 2011 filed PDFabbreviated format · 11 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 62 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 43 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 17 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 55 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 28 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1990
First establishment Stoepestraat 26, Assenede
Incorporation published on 18-09-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 31 August 1990, REFIL was incorporated.1 Total assets went from €891,846 in 2018 to €2.9m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0441.364.648
VAT number
BE 0441.364.648
Peppol ID
0208:0441364648
Other Peppol ID
9925:BE0441364648
Legal form
Private limited company
Status
Active, normal situation
Founded
31-08-1990
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of May at 10:00
deed of 16-10-2019 (in Dutch)
Peppol
Reachable since 24-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
REFIL in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-10-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-10-2019 (in Dutch)

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
68110 Buying and selling of own real estate
Codes under NACEBEL 2008
68203 Real estate rental main activity
68100 Real estate activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…”
23 activities
  1. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aanen verkoop,ruil,(ver-)bouwing,onderhoud,verhuring en huur,verkaveling,prospectie en uitbating van onroerende goederen van alle aard,zo gronden als gebouwen,zo op het platteland als in bebouwde kommen,alsook (i) de schatting van onroerende goederen,de ontwikkeling,de commercialisatie van en de begeleiding bij alle projecten betreffende onroerende goederen,de verkaveling in het in staat brengen door urbanisatie en (ii) de huurfinanciering van onroerende goederen aan derden;
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en roerende rechten,van welke aard ook,zoals de aan en verkoop,ruil,onderhoud,huur en verhuur van roerende goederen,hierin begrepen maar niet beperkt tot het verwerven door inschrijving of aankoop en het beheren van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen;
  3. Het verwerven,aanhouden en beheren van beleggingen en van participaties,in eender welke vorm in alle bestaande en op te richten vennootschappen of ondernemingen;
  4. Zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van haar roerende en onroerende goederen;
  5. Het verkrijgen,ontwikkelen,uitbaten,kopen,verkopen,in licentie nemen of afstaan van alle octrooien,licenties,knowhow en handelsmerken,alsook aanverwante immateriële duurzame activa,in verband met het beheer van onroerend en roerend patrimonium;
  6. Het ter beschikking stellen van commerciële en technische knowhow;
  7. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe machines,nieuwe vormen van technologie en hun toepassingen;
  8. Bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel of belangen nemen in alle bestaande of op te richten vennootschappen,ondernemingen of bedrijven,in België of in het buitenland,waarvan het doel identiek,gelijkaardig of verwant is met het hare,of van aard is de uitoefening van haar doel te bevorderen;
  9. De terbeschikkingstelling van roerende en onroerende goederen aan haar bestuurders,bij wijze van bezoldiging in natura.
  10. Administratieve en ondersteunende diensten ten behoeve van bedrijven en organisaties;
  11. Alle mogelijke advies en/of dienstenfuncties uitoefenen op het vlak van management en het beheer van bedrijven en aanverwante activiteiten,met inbegrip van maar niet beperkt tot:
  12. Het verlenen van algemeen organisatie advies,raadgeving,bijstand en leiding,allen in de breedste zin,aan ondernemingen,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van marketing,strategie,structuur,cultuur,personeel,productie en ontwikkeling,organisatieprocessen,processing (dit alles in de meest ruime betekenis);
  13. Het verlenen van diensten of uitvoeren van opdrachten,rechtstreeks of onrechtstreeks,op het gebied van administratie en financiën,van verkoop en aankoop,van productie en ontwikkeling,van algemene organisatie,van marketing en van informatie en communicatie,en meer algemeen,het beleid en de uitoefening van alle activiteiten in verband met dienstverlening en management in de breedste zin van het woord aan alle fysieke- of rechtspersonen;
  14. Het uitoefenen van alle mogelijke mandaten onder de vorm van studies van organisatie,van expertises,van technische of andere handelingen en adviezen,in alle domeinen begrepen in haar maatschappelijk doel;
  15. Alle mogelijke activiteiten die verband houden met het verlenen van consultancy,opleiding,technische expertise en bijstand op voornoemde gebieden,hierin begrepen maar niet beperkt tot:
  16. Coaching,geven van trainingen en colleges;
  17. Organisatie van events en workshops;
  18. Advies verstrekken en diensten verlenen met betrekking tot de organisatie en het beheer van bedrijven en ondernemingen,de vertegenwoordiging en het optreden als commercieel tussenpersoon.
  19. Samenwerken met,dan wel het bestuur en de vereffening waarnemen in,alle verbonden vennootschappen,met dewelke een of andere band van deelneming bestaat.De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere dan verbonden vennootschappen of ondernemingen alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen;
  20. De onderaanneming,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten van die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt;
  21. Alle leningen,van gelijk welke vorm en voor gelijk welke duur,aan alle verbonden ondernemigen,met dewelke een of andere band van deelneming bestaat,toestaan of borgstellingen verstrekken voor deze ondernemingen.De vennootschap mag eveneens leningen en kredietopeningen toestaan aan andere ondernemingen of particulieren,onder om het even welke vorm;
  22. Zich borgstellen,zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden,in de meest ruime zin,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak;
  23. De ontwikkeling van ondernemingen waarin de vennootschap een participatie aanhoudt of deel uitmaakt van het bestuur stimuleren,plannen en coördineren;
deed of 16-10-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Stoepestraat 26 registered office 9960 Assenede 13-09-1990 2.049.718.480

Buildings and parcels at the address

Ground area
1.1 ha
Buildings
199 m²
Volume, LiDAR
503 m³
Tallest building
7.6 m
Buildings to scale, each on its own parcel
198 m², 7.6 m 198 m², 7.6 m

Environmental permits

1 application in Flanders since 2019 · 1 granted
11-02-2020 Granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 27-12-2019 · project 2019163134 Assenede

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
43002D1057/00C0001.1 ha 1 · 198 m² 7.6 m · 1

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