Debts
€32,410 75% of the balance sheet
Suppliers 29%Taxes and wages 40%Other 31%
REFILD
Overview
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €69,177 (2024)
€31,900▼ 53.9%
Resultlowest -€3,146 (2025)
-€3,146▼ €14,856
Equitypeak €14,110 (2024)
€10,963▼ 22.3%
Debts
€32,410▼ 21.2%
Board2 names since 2024
2 directorsDINNECOURT Frank Werner Denise and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €69,177 to €31,900Loss of €3,146Equity from €14,110 to €10,963Debts from €41,118 to €32,410Investments €1,187Cash from €36,649 to €17,931
Key points
from the 2025 annual accountsInvestments
€1,187 1.9 × depreciation
Green is investment, beige is depreciation.
Staff
1 employees on 31-12-2025
In 2025, 12 people joined and 13 left.
2025 accounts filed 61 days after the deadline
Checked score
49
Fair
Financially stronger than 39% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 3.9%
05-2025: 3.9%● unchanged vs 04-2025
06-2025: 4.1%▲ +0.2 percentage points vs 05-2025
07-2025: 4.4%▲ +0.3 percentage points vs 06-2025
08-2025: 4.6%▲ +0.2 percentage points vs 07-2025
09-2025: 4.9%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 4.9%● unchanged vs 09-2025highest value
11-2025: 3.2%▼ -1.7 percentage points vs 10-2025
12-2025: 3.2%● unchanged vs 11-2025
01-2026: 2.8%▼ -0.4 percentage points vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026lowest value
03-2026: 2.9%▲ +0.1 percentage points vs 02-2026
04-2026: 3.1%▲ +0.2 percentage points vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.0%▼ -0.1 percentage points vs 05-2026
07-2026: 3.1%▲ +0.1 percentage points vs 06-2026
08-2026: 3.8%▲ +0.7 percentage points vs 07-2026
09-2026: 4.1%▲ +0.3 percentage points vs 08-2026
10-2026: 3.5%▼ -0.6 percentage points vs 09-2026
11-2026: 3.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
Founded in 2024
lowers risk
Liquidity: current ratio 1.18, cash €17,931, halved
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 46% of them on solvency, 64% on liquidity, 21% on profitability and 24% on growth.
The bankruptcy probability was computed on 05-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,271 companies had the same profile as REFILD has now. Each dot stands for 4 companies, two years later.
93.5%
were still trading
2.0%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REFILD itself: 3.5% 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.
| 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 1,271 companies, not a prediction for REFILD. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (1.23 in 2024), below the usual 1.5. Short-term debt is 74.7% and cash 41.3% of total assets. 74.7% 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 risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
61 days late
2024
75 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 68 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DINNECOURT Frank Werner Denise 960 sharesdeed of 27-03-2024
- HANCKE Emmanuelle 240 sharesdeed of 27-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007520687
Incorporation
Founding capital of €2,400, 1,200 shares · Founders: DINNECOURT Frank Werner Denise and HANCKE Emmanuelle · Appointments: DINNECOURT Frank Werner Denise (director) and HANCKE Emmanuelle (director) · published on 27-03-2024 · Gazette deed
First establishment
Meeuwenlaan 3, Middelkerke
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| REFILD Middelkerke | €43,374 | €31,900 | 25.3% | - |
| O'UZO Nieuwpoort | €44,610 | €32,195 | 67.8% | - |
| MADYAR Sint-Gillis (bij-Brussel) | €46,747 | €34,168 | 70.7% | - |
| HAYET Estaimpuis | €40,720 | €35,097 | -3.5% | - |
| D.Y.A. Middelkerke | €53,582 | €33,268 | 59.3% | - |
| DS De Panne De Panne | €51,394 | €31,042 | 56.0% | - |
| MUSSCHOOT-STRUBBE Damme | €44,732 | €22,666 | 38.8% | - |
These companies have the same main activity as REFILD: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €40,700 and €53,600, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 25-03-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 5 others
- Establishment unit
- 2.357.543.5278434 Middelkerke, since 25-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2025
- Gross margin
- €31,900▼ 53.9%
- Turnover
- ≈ €160,000estimated
- Loss
- €3,146
- Equity
- €10,963▼ 22.3%
- Total assets
- €43,374▼ 21.5%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 30-09-2026
Insights on REFILD
The computed 12-month bankruptcy probability of REFILD is 3.5% (moderate). The 2025 annual accounts show equity of €10,963 and a net result of -€3,146.
Its solvency ranks better than 46% of 17,096 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days lateGross margin
€31,900
▼ 53.9%
Operating result
-€2,965
▼ €18,051
Loss
-€3,146
▼ €14,856
Working capital
€5,933
▼ 38.5%
Solvency
25.3%
▼ 0.3 percentage points
Current ratio
1.18
▼ 0.05
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €210,000.
Balance sheet
balance sheet total €43,374 on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency25.3%
Higher than 46% of 17,096 companies in 2025.
Current ratio1.18
Higher than 53% of 16,522 companies in 2025.
Return on assets-7.3%
Higher than 24% of 16,605 companies in 2025.
REFILD
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff cost per FTE€18,820
Staff costs divided by the average number of full-time equivalents.
Joined and left-1
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
43,374 | 55,228 | |
Fixed assets21/28 |
5,030 | 4,458 | |
Tangible fixed assets22/27 |
5,030 | 4,458 | |
Plant, machinery and equipment23 |
3,980 | 4,458 | |
Furniture and vehicles24 |
1,050 | - | |
Current assets29/58 |
38,344 | 50,770 | |
Stocks and contracts in progress3 |
4,932 | 3,743 | |
Stocks30/36 |
4,932 | 3,743 | |
Amounts receivable within one year40/41 |
15,481 | 10,378 | |
Other amounts receivable41 |
15,481 | 10,378 | |
Cash at bank and in hand54/58 |
17,931 | 36,649 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
43,374 | 55,228 | |
Equity10/15 |
10,963 | 14,110 | |
Contributions10/11 |
2,400 | 2,400 | |
Profit (loss) carried forward14 |
8,563 | 11,710 | |
Amounts payable17/49 |
32,410 | 41,118 | |
Amounts payable within one year42/48 |
32,410 | 41,118 | |
Trade debts44 |
9,402 | 19,791 | |
Suppliers440/4 |
9,402 | 19,791 | |
Taxes, remuneration and social security45 |
12,969 | 6,484 | |
Taxes450/3 |
8,711 | 6,353 | |
Remuneration and social security454/9 |
4,257 | 130 | |
Other amounts payable47/48 |
10,040 | 14,843 | |
| Income statement | |||
Gross operating margin9900 |
31,900 | 69,177 | |
Remuneration, social security and pensions62 |
31,994 | 52,623 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
614 | 321 | |
Other operating charges640/8 |
1,426 | 1,120 | |
Non-recurring operating charges66A |
830 | 27 | |
Operating profit (loss)9901 |
-2,965 | 15,087 | |
Financial income75/76B |
26 | 0 | |
Recurring financial income75 |
26 | 0 | |
Financial charges65/66B |
208 | 439 | |
Recurring financial charges65 |
158 | 66 | |
Non-recurring financial charges66B |
50 | 373 | |
Profit (loss) for the period before taxes9903 |
-3,146 | 14,647 | |
Income taxes67/77 |
- | 2,938 | |
Profit (loss) for the period9904 |
-3,146 | 11,710 | |
Profit (loss) for the period to be appropriated9905 |
-3,146 | 11,710 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
8,563 | 11,710 | |
Profit (loss) brought forward from the previous period14P |
11,710 | - | |
| Social balance sheet | |||
Average staff (FTE)9087 |
1.7 | 1.7 | |
Hours worked1013 |
1,601 | 2,122 | |
| Document | |||
The notes to these accounts have 5 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 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00546855.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| EBITDA | -2,350 | 15,407 | |
| Cash flow | -2,532 | 12,031 | |
| Investment in fixed assets | 1,187 | 4,778 | |
| Change in cash | -18,718 | - | |
| Working capital | 5,933 | 9,652 | |
| Solvency | 25.3% | 25.5% | |
| Current ratio | 1.18 | 1.23 | |
| Quick ratio | 1.03 | 1.14 | |
| Debt to equity | 2.96 | 2.91 | |
| ROE | -28.7% | 83.0% | |
| ROA | -7.3% | 21.2% | |
| Interest coverage | -14.90 | over 100 |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 2 |
| part-time | 1 | 2 |
| in full-time equivalents | 0.1 | 0.2 |
| Average over the year, in full-time equivalents | 1.6 | 1.6 |
| On a permanent contract | 1 | 2 |
| Joined | 12 | 9 |
| Left | 13 | 7 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,187 | €4,778 |
| Depreciation and write-downs of the year | €614 | €321 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on REFILD
The operating result for 2025 is a loss of €2,965, after a profit of €15,087 in 2024.
Debt's share of the balance-sheet total rises from 74.5% to 74.7%. Equity and debt are lower.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 27-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
Director (not named in the articles)
appointed by deed of 27-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11 - Bevoegdheden van het bestuursorgaan Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of…”deed of 27-03-2024
Mandates through the years
2 names, the dashed line is todayDINNECOURT Frank Werner Denise
Director (not named in the articles)
Director (not named in the articles)
HANCKE Emmanuelle
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DINNECOURT Frank Werner Denise
- Director (not named in the articles), appointed by deed of 27-03-2024, still in office
- HANCKE Emmanuelle
- Director (not named in the articles), appointed by deed of 27-03-2024, still in office
Control
Founders
DINNECOURT Frank Werner Denise, HANCKE Emmanuelle
This company
REFILD
Equity €10,963
Loss €3,146 in 2025
Capital
- Contribution
- €2,400
- Shares
- 1,200
- Contribution per share
- €2
- Equity per share
- €9.14 in 2025
- Source
- deed of 27-03-2024
Articles of association
deed of 27-03-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure-en expertisekosten voor helft ten laste van overdrager en andere helft ten laste van koper naar evenredigheid verworven aantal bij…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 10:00
Shareholders
At incorporation
deed of 27-03-2024 ↗
- DINNECOURT Frank Werner Denise 960 shares (80%) · €1,920 in cash
- HANCKE Emmanuelle 240 shares (20%) · €480 in cash
Network & group
No group
REFILD has no parent and no holdings in its annual accounts. REFILD shares no director with another company.
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 61 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007520687
Annual accounts 2024 filed PDFmicro format · 75 days late
2024
IncorporationFounding capital of €2,400, 1,200 shares · Founders: DINNECOURT Frank Werner Denise and HANCKE Emmanuelle · Appointments: DINNECOURT Frank Werner Denise (director) and HANCKE Emmanuelle (director) · published on 27-03-20247 points ▸
- Founder, DINNECOURT Frank Werner Denise
- Founder, HANCKE Emmanuelle
- Founding capital, €2,400, 1,200 shares
- 1,200 shares
- Registered office clause, Meeuwenlaan 29, 8434 Middelkerke
- Director appointment, DINNECOURT Frank Werner Denise (director (not named in the articles))
- Director appointment, HANCKE Emmanuelle (director (not named in the articles))
- The deed holds 6 more points.
First establishment Meeuwenlaan 3, Middelkerke
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1007.520.687
- VAT number
- BE 1007.520.687
- Peppol ID
- 0208:1007520687
- Other Peppol ID
- 9925:BE1007520687
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 25-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 10:00deed of 27-03-2024 (in Dutch)
- Peppol
- Reachable since 17-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- REFILD in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-03-2024 (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 27-03-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
56111
Full-service restaurants main activity
10850
Manufacture of food products
46190
Agents in non-specialised wholesale trade
70200
Business and other management consultancy
82990
Other business support services
Social security (RSZ) activities
56112
Limited-service restaurants, excluding mobile food services main activity
Codes under NACEBEL 2008
VAT activities
56101
Full-service restaurants main activity
10850
Manufacture of food products
46190
Wholesale trade
70220
Business consulting
82990
Other business support services
Social security (RSZ) activities
56102
Limited-service restaurants main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Meeuwenlaan 29 registered office 8434 Middelkerke | |||
| Meeuwenlaan 3 8434 Middelkerke | 25-03-2024 | 2.357.543.527 | Restaurant |
Buildings and parcels at the addresses
- Ground area
- 461 m²
- Buildings
- 534 m²
- Volume, LiDAR
- 13,777 m³
- Tallest building
- 33.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35022A0001/00Z063 | 400 m² | 1 · 473 m² | 33.6 m · 10 |
| 35022A0001/00R068 | 61 m² | 1 · 61 m² | 14.2 m · 4 |
Recognitions
Food safety, FASFC
1 siteMiddelkerkeunit number 2.357.543.527
Contact
E-mail
correspondentie.refild@gmail.com establishment in Middelkerke