REFO
ActiveSummary
The computed 12-month bankruptcy probability of REFO is 2.3% (moderate). The 2025 annual accounts show equity of €143,676 and a net result of -€8,494. Equity has been growing by about 9.7% per year since 2022. Its solvency ranks better than 40% of 12,775 sector peers (NACE 47, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 29-11-2021 Normal situation
- Registered office
- 486 active companies are registered at this address 74 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110and 5 others
- Establishment unit
- 2.325.764.743 1210 Sint-Joost-ten-Node, since 01-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.3%
- Gross margin
- €213,909
- ▼ 4.9%
- Turnover
- ≈ €1.9m
- estimated
- Loss
- €8,494
- Equity
- €143,676
- ▼ 5.6%
- Total assets
- €522,280
- ▲ 40.1%
- Employees on 31-12-2025
- 5
- ▲ 25.0%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateFounded in 2021Size: 4.6 FTE, total assets €522,280lowers riskLiquidity: current ratio 1.16, cash €76,214, halvedShow the evidence
Checked score
About 2 in 100 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 47, micro). It does better than 43% of them on solvency, 65% on liquidity, 33% on profitability and 30% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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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Signals
The company filed its last 4 accounts on average 37 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower net result than 81% of companies in retail tradesector median €27,601 · 12,764 companies -€8,494 View
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as REFO: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €284,000 and €713,000, founded between 2020 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| REFO Brussel | €522,280 | €213,909 |
| TT RETAIL Hasselt | €624,873 | €249,022 |
| RETAIL SIJSELE Damme | €598,611 | €236,623 |
| FLATIZ Koekelberg | €712,942 | €290,239 |
| FOOD-H Ukkel | €332,504 | €209,924 |
| SKAL Sint-Pieters-Woluwe | €283,870 | €296,490 |
| RM RETAIL GROUP Houyet | €476,535 | €178,163 |
Key facts about REFO
- What is the company number of REFO?
- The company number of REFO is 0777.821.521. The VAT number is the same number with BE in front: BE 0777.821.521.
- Where is REFO based?
- The registered office is at Keizerslaan 10, 1000 Brussel.Company details
- What does REFO do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of REFO?
- The legal form of REFO is Private limited company (BV).
- When was REFO founded?
- REFO was founded on 29-11-2021.
- Is REFO still active?
- Yes, REFO is an active enterprise in the KBO register.
- How many employees does REFO have?
- REFO had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of REFO?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €213,909 and 32 comparable companies (NACE 47110). It probably lies between €1.4m and €2.5m.
- Is REFO profitable?
- In financial year 2025, REFO made a loss of €8,494.
- Where can I find the annual accounts of REFO?
- REFO filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REFO due?
- REFO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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